Parag Milk Financial Statements

Parag Milk (PARAGMILK) reported revenue of ₹34.72B in FY2025 with net income of ₹1.19B. Total assets stood at ₹20.33B and free cash flow was ₹881.90M.

Parag Milk Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		18.55B	20.93B	29.38B	31.64B	34.72B
Cost of Rev. Cost of Revenue		-13.62B	-20.81B	-23.23B	-23.90B	-25.47B
Gross Profit		4.93B	122.84M	6.15B	7.74B	9.26B
SGA Sales, General & Admin		-3.55B	-4.30B	-4.51B	-5.52B	-6.33B
Op. Income Operating Income		864.98M	-4.71B	1.06B	1.62B	2.26B
PBT Profit Before Tax		407.24M	-5.22B	510.62M	858.56M	1.33B
Net Income		207.05M	-5.32B	532.54M	905.83M	1.19B
Dil. Shares Diluted Shares		84.11M	95.87M	110.57M	121.26M	124.91M
Diluted EPS		2.46	-55.54	4.96	7.47	9.51

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Parag Milk's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Parag Milk Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		11.86B	9.08B	11.29B	13.05B	13.58B
Non-curr. assets Total non-current assets		4.97B	4.87B	5.39B	5.86B	6.75B
Total assets		16.83B	13.95B	16.68B	18.91B	20.33B
Curr. liabilities Total current liabilities		7.08B	5.63B	5.88B	7.01B	7.11B
Non-curr. liab. Total non-current liabilities		461.11M	2.78B	2.71B	2.78B	2.98B
Total liabilities		7.54B	8.41B	8.60B	9.79B	10.09B
Total equity		9.28B	5.54B	8.08B	9.12B	10.23B
Total liab. & eq. Total liabilities & equity		16.83B	13.95B	16.68B	18.91B	20.33B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Parag Milk's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Parag Milk Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		407.24M	-5.22B	510.62M	858.56M	1.33B
Operating CF Cash flow Operating Activities		999.52M	-1.49B	564.28M	991.13M	2.12B
Capex Investments in PPE		-443.55M	-293.40M	-868.79M	-611.85M	-1.24B
Investing CF Cash flow Investing Activities		-468.31M	-196.81M	-896.30M	-529.30M	-1.32B
Dividend Paid		-42.06M	-47.69M	0	0	-59.70M
Financing CF Cash flow Financing Activities		-685.54M	2.41B	4.39B	-494.23M	-783.50M
Cash (start) Cash at beginning of period		223.78M	69.45M	47.51M	137.98M	105.60M
Cash (end) Cash at end of period		69.45M	796.73M	4.10B	105.58M	118.90M
FCF Free Cash Flow		555.97M	-1.78B	-304.51M	379.28M	881.90M

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Parag Milk's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025