Parag Milk Foods logo

Parag Milk Foods share price

NSE: PARAGMILKBSE: 539889Food ProductsSmall Cap

Parag Milk Foods Limited · Face value ₹10 · Listed May 2016 · Issue price ₹215
Last close ₹233.15down ₹11.80 (4.82%)BSE ₹232.80

Share price at the NSE close on 30 Oct 2026. Previous close ₹244.95.

30 Oct: open ₹246.30, high ₹248.45, low ₹232.10

52-week range of traded prices to 30 Oct 2026
₹177.84Low, 30 Mar 2026₹376.95High, 13 Nov 2025
Market cap
₹2,929 Cr1,001st largest listed
P/E
22.61
P/B
2.33
Dividend yield
0.47%
ROE
11.4%
ROCE
10.8%
Debt to equity
0.43
Volume, NSE
7,03,21050.2% delivered

Parag Milk Foods share price chart

Daily closes since May 2016, adjusted for splits and bonuses

−25.1%over a year · BSE Fast Moving Consumer Goods −20.8% · Nifty 500 −8.2%

Results20-session average 16,85,163 shares a day, 42.3% delivered

Results

Consolidated; ₹ crore.Parag Milk Foods quarterly results

Revenue growth, 12 months
+10.9%
Net profit growth, 12 months
+8.8%

Quarter to Jun 2026, against the quarter before

Revenue
₹945 Crdown 0.08%
Net profit
₹22 Crdown 31.61%
Net margin
2.3%

Revenue by quarter

₹871 CrSep 24₹885 CrDec 24₹918 CrMar 25₹852 CrJun 25₹1,008 CrSep 25₹1,013 CrDec 25₹945 CrMar 26₹945 CrJun 26
Peak revenue ₹1,013 Cr, quarter to Dec 2025; lowest ₹852 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹29 CrSep 24₹36 CrDec 24₹26 CrMar 25₹28 CrJun 25₹46 CrSep 25₹30 CrDec 25₹32 CrMar 26₹22 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue8718859188521,0081,013945945
Net profit2936262846303222
Net margin3.4%4.1%2.9%3.2%4.5%2.9%3.4%2.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Milk and Milk Products, which carries all its revenue.

Valuation

Today, against the company's own history.Parag Milk Foods PE ratio and valuation

Price to earnings

At or below today's level on 46% of 2,189 trading days since Feb 2017.

LowestHighest
Its median23.35Industry median23.37
Price to book

At or below today's level on 56% of 1,734 trading days since Nov 2018.

LowestHighest
Its median2.23Industry median3.43
Dividend yield

At or below today's level on 81% of 2,433 trading days over the last 10 years.

LowestHighest
Its median0.30%Industry median0.70%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+21.0%+8.4%+11.0%0.6%
3 years+35.7%+33.5%+1.3%0.5%
5 years+11.6%+34.4%−17.2%0.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Parag Milk Foods shareholding pattern

Shareholding by group

  • Promoters40.49%
  • Foreign institutions7.59%
  • Indian institutions2.87%
  • Individuals and others48.67%
  • Employee trusts0.37%
Holder
DEVENDRA PRAKASH SHAHPromoter16.09%
NETRA PREETAM SHAHPromoter11.04%
PRITAM PRAKASH SHAHPromoter7.29%
INTERNATIONAL FINANCE CORPORATIONForeign companies4.56%
GB MU-MR OP FU OP-ED PCC PL-GBC INDIA OPPORTUNITYForeign portfolio investors, category I3.39%
PEANENCE COMMERCIAL PVT LIMITEDCompanies3.25%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.13 pts, Indian institutions −2.93 pts, mutual funds unchanged.

Mutual fund holdings

1 fund disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.

Held unchanged
1
Fund
Motilal Oswal Mutual Fund logoMotilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund2000.01%₹54,000
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 31 Oct 2025.Parag Milk Foods insider trading

Bought on the market Sold on the market
  • Others0 purchases, 12 salesNo purchase₹122 CrNet−₹122 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Parag Milk Foods competitors and peers

Dairy Products, 15 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Parag Milk Foods in market cap.FMCG companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Kwality Wall's (India) logoKwality Wall's (India)KWIL8,625–12.83––––0.00%
Dodla Dairy logoDodla DairyDODLA5,90927.393.43+17.1%−17.1%13.3%9.7%0.51%
Vadilal Industries logoVadilal IndustriesVADILALIND5,38522.405.41+35.5%+79.0%27.0%25.5%0.80%
Heritage Foods logoHeritage FoodsHERITGFOOD3,29828.702.90+13.9%−33.6%10.5%10.4%0.70%
Vadilal Enterprises logoVadilal EnterprisesVADILENT82654.2012.02+32.8%–25.2%15.6%0.02%
Sheetal Cool Products logoSheetal Cool ProductsSCPL60229.013.84+24.3%+43.4%14.4%17.1%0.00%
Milkfood logoMilkfoodMLKFOOD2314.261.01+6.8%–27.3%4.1%0.00%
Modern Dairies logoModern DairiesMODAIRY12721.401.73+1.5%−92.5%10.1%9.9%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Parag Milk Foods dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.5Mar 170.8Mar 181Mar 190.5Mar 200.5Mar 21Mar 22Mar 230.5Mar 241Mar 251.1Mar 26
Highest ₹1.10 a share, year to Mar 2026.
Ex-dateTypePer share
22 Sep 2026Final₹1.10
22 Sep 2025Final₹1.00
4 Sep 2024Final₹0.50
7 Sep 2021Final₹0.50
21 Sep 2020Final₹0.50
20 Sep 2019Final₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Parag Milk Foods announcements

Parag Milk Foods share price by year

Each calendar year to 2025.Parag Milk Foods share price history

YearClose at year endChangeHighest closeLowest close
2025290.45+54.4%371.60141.32
2024188.15−19.0%280.55157.60
2023232.35+125.9%258.5068.55
2022102.85−8.0%126.7068.30
2021111.80−2.2%155.1595.80
2020114.35−14.6%158.2051.95
2019133.95−45.9%273.80126.30
2018247.70−16.9%355.45231.20
2017298.15+14.5%300.00208.05
2016260.45–340.80225.50
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2016 is from its first session, 19 May 2016.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 2026239.75248.00238.50244.95243.067,14,58846.9%
28 Oct 2026241.65244.20237.00239.20240.566,49,54041.7%
27 Oct 2026245.00250.35239.10242.45244.997,21,06645.9%
26 Oct 2026241.75247.50238.55244.50244.1210,73,11553.1%
23 Oct 2026249.95253.40235.90241.80241.3716,38,23941.8%
22 Oct 2026255.20262.25246.15248.40253.0417,93,08736.1%
21 Oct 2026270.15272.50251.10253.65258.2818,20,19461.3%
19 Oct 2026277.35279.20267.30269.50272.3710,12,02444.5%
16 Oct 2026295.00296.35275.10276.30281.8731,90,74041.0%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Devendra Prakash Shah
At the end of the quarter to Sep 2026
Managing director
Pritam Prakash Shah
At the end of the quarter to Sep 2026
NSE symbol
PARAGMILK
BSE code
539889
ISIN
INE883N01014
Industry
Food Products
CIN
L15204PN1992PLC070209
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
Flat No.1, Plot No. 19,, Nav Rajasthan Society, Behind Ratna Memorial Hospital, S.B. Road, Shivaji Nagar, Pune 411016, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments