Modern Dairies shareholders and shareholding pattern
BSE: 519287Food ProductsSmall Cap
Modern Dairies Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 1994
Last close ₹40.78down ₹0.47 (1.14%)
Share price at the BSE close on 28 Oct 2026. Previous close ₹41.25.
28 Oct: open ₹41.95, high ₹42.40, low ₹40.00
52-week range of traded prices to 28 Oct 2026
₹26.56Low, 30 Jul 2026₹55.93High, 7 Oct 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹130 Cr2,947th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 21.95
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.77
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.17
- Volume, BSEVolume. Shares traded on the last trading day. Volume in the glossary
- 10,444
Modern Dairies' shareholding pattern for Sep 2026, filed on 10 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Modern Dairies, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters60.34%
- Indian institutions0.07%
- GovernmentsNone
- Individuals and others39.59%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Indian institutions
- Governments
- Individuals and others
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 50.59% | 50.59% | 50.59% | 50.59% | 55.45% | 55.45% | 60.34% | |
| Indian promoters | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.69% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 50.59% | 50.59% | 50.59% | 50.59% | 55.45% | 55.45% | 60.34% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.31% | 54.29% | 54.29% | 54.29% | 54.29% | 54.29% | 54.29% | 54.29% | 54.29% | 49.41% | 49.41% | 49.41% | 49.41% | 44.55% | 44.55% | 39.66% |
| Promoter shares pledgedShare of the promoters' own shares | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.95% | 99.95% | 99.95% | 99.95% | 99.95% | 99.95% | 99.95% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Shares in issue | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,33,19,861 | 2,56,19,861 | 2,56,19,861 | 2,56,19,861 | 2,56,19,861 | 2,84,19,861 | 2,84,19,861 | 3,19,19,861 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. Shares locked in in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 5,100 | 5,100 | 80,62,079 | 1,03,62,079 | 23,00,000 | 23,00,000 | 51,00,000 | 51,00,000 | 86,00,000 |
| Promoters' shares locked in | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 5,100 | 5,100 | 80,62,079 | 1,03,62,079 | 23,00,000 | 23,00,000 | 51,00,000 | 51,00,000 | 86,00,000 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state.
Modern Dairies promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is KRISHAN KUMAR GOYAL, 15.03%.Promoter buying and selling
| Holder | |||
|---|---|---|---|
| KRISHAN KUMAR GOYALIndividuals and Hindu undivided families | 15.03% | 47,97,543 | 41.69% |
| ALKA GOYALIndividuals and Hindu undivided families | 12.62% | 40,28,972 | 29.78% |
| CHANDIGARH FINANCE PVT LTDIndian companies, trusts and others | 8.68% | 27,71,892 | 72.15% |
| KRISHAN GOYAL HUFIndividuals and Hindu undivided families | 7.14% | 22,80,000 | 43.86% |
| ADITYA GOYALIndividuals and Hindu undivided families | 6.53% | 20,83,872 | 57.59% |
| MALA BUILDERS PVT LTDIndian companies, trusts and others | 3.76% | 12,00,000 | 100.00% |
| SHREE GANESH INVESTMENTS AND INDUSTRIES PRIVATE LIMITEDIndian companies, trusts and others | 2.26% | 7,20,000 | 0.00% |
| TIMES FINVEST AND COMMERCE LIMITEDIndian companies, trusts and others | 2.10% | 6,70,000 | 0.00% |
| NABHA COMMERCE PRIVATE LIMITEDIndian companies, trusts and others | 1.65% | 5,27,600 | 0.00% |
| AMARJIT GOYAL HUFIndividuals and Hindu undivided families | 0.47% | 1,50,000 | 0.00% |
| BHARAT FORGING PRIVATE LIMITEDIndian companies, trusts and others | 0.09% | 30,000 | 0.00% |
No promoter shares are reported as pledged. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.
Largest public holders of Modern Dairies, filing by filing
Per cent, on the same shares as the split above.
| Holder | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LAVEN KUMAR GOYALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | 1.40% | 1.40% | 1.40% | 1.41% | 1.41% | 1.40% | 1.40% | 1.87% | 2.04% | 2.28% | – | 2.84% | 2.84% | 2.84% | 2.84% | 2.84% | 2.59% | 2.58% | 2.58% | 2.58% | 2.33% | 2.33% | 2.07% |
| DHEERAJ KUMAR LOHIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.06% | 1.03% | 1.15% | 1.15% | 1.39% | 1.51% | 1.64% | 1.51% |
| DIPAK KANAYALAL SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.01% |
| SANDHYA ASHOKKUMAR DHOOTResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.06% | 1.59% | 1.35% | 1.40% | 1.33% | 1.28% | 1.28% | 1.20% | 1.08% | 1.07% | – |
| MAHENDRA GIRDHARILALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.03% | 1.04% | 1.06% | – |
| AJAY GOYALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | 1.01% | 1.01% | 1.01% | 1.01% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% | – | 1.02% | 1.02% | 1.02% | 1.03% | 1.03% | – | – | – | – | – | – | – |
| SHYAMADEVI OMPRAKASH AGRAWALResident individuals, over ₹2 lakh at face value | 2.59% | 2.59% | 2.59% | 2.59% | 2.59% | 2.59% | 2.59% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RACHANADEVI RAJU AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Suresh PoonatiOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.32% | 1.32% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Sep 2026 filing
Against the Sep 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Individuals and others: DIPAK KANAYALAL SHAH newly named at 1.01%; DHEERAJ KUMAR LOHIA 1.51%, +0.05 pts