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← CockpitCompetitor Analysis › PARAGMILK.NS Parag Milk Foods Ltd.Open in the cockpit ↗

Parag Milk Foods Ltd.PARAGMILK.NSCompetitor analysis, valuation and peers

India · INR·Consumer Staples›Food: Meat/Fish/Dairy
Momentum leader 96
Mkt cap
$435M
US dollars, full cap
Free float
42%
of shares outstanding
$/day
$10.2M
20-day average traded
Fwd P/E
27.6×
forward earnings
ROIC−WACC
-9.0 pp
WACC 16.9%
Hurdle
n/a
no reverse DCF
Next earnings
84 days
29 Jan 2027
Close · INR₹327.92
1D+1.3%
1W+40.6%
1M+5.2%
3M+45.1%
6M+42.2%
YTD+12.9%
1Y+5.4%
ATR %5.8%
Beta1.53
52w lowhigh13.0% off high

What Parag Milk Foods does

Employees: 3,400

Parag Milk Foods at a glance

Size Parag Milk Foods (PARAGMILK.NS) is an India Consumer Staples company (Food: Meat/Fish/Dairy) with a market value of $435M, the 901st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹327.92 on 6 Nov 2026.

Performance Over six months the shares gained 42.2%, against -6.9% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 13.1% over the last twelve months (peer median +8.2%); the operating margin is 5.3% (peer median 3.2%).

Valuation It trades at 27.6× forward earnings against a peer median of 27.0× (6th most expensive of 15).

Capital Return on invested capital runs 9.0 points below its cost of capital (16.9% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026PARAGMILK.NS 148Peer median 93
Six months, rebased to 100: Parag Milk Foods against the median of its 20 peers (local-currency closes).

Parag Milk Foods financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹41.4B₹37.7B₹33.4B₹31.0B₹28.6B
Revenue growth—+13%+8%+8%—
Gross profit₹8.37B₹5.37B₹5.05B₹4.79B₹3.07B
EBITDA₹2.95B₹2.19B₹1.90B₹1.64B₹1.20B
Net income₹1.26B₹1.35B₹1.19B₹906M₹533M
Free cash flown/a-₹276M₹46.5M-₹314M-₹760M
Capital expendituren/a₹1.09B₹1.26B₹612M₹869M
Total debt₹8.18B₹6.07B₹6.54B₹6.16B₹6.06B

Quarterly statements and history in the cockpit →

Parag Milk Foods competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-10%0%+10%002702002982600419005180MASHERITGFOOD300898HLF600359AAC00232113018043LWAY2288002732300268DODLAMAMACPKRPARAGMILK.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Parag Milk Foods is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×50×100×002982600419005180MASHERITGFOOD300898HLFAAC8043LWAY002732MAMACPKRPARAGMILK.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Parag Milk Foods is the large dot.

Parag Milk Foods competitors and peer comparison

How Parag Milk Foods compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Parag Milk Foods against its 20 peers (data as of 6 Nov 2026)
MeasurePARAGMILK.NSPeer medianRank in peer set
1-month return+5.2%-3.1%5th highest of 21
6-month return+42.2%-6.9%2nd highest of 21
Distance from 52-week high-13.0%-25.0%6th highest of 21
Revenue growth (TTM)+13.1%+8.2%8th highest of 21
Operating margin5.3%3.2%4th highest of 21
Forward P/E27.6×27.0×6th most expensive of 15
ROIC minus cost of capital-9.0 pp-0.5 pp3rd lowest of 21
EV / EBITDA16.7×15.7×6th cheapest of 11
Net debt / EBITDA2.7×0.7×7th most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Parag Milk Foods PARAGMILK.NSIndia$435M+42%+13%5%27.6×n/an/a
HaiXin Foods 002702.SZChina$444M-10%+11%-1%n/a22.8%-1.0%
Hunan Xiangjia Animal Husbandry 002982.SZChina$425M-4%+8%2%69.8×n/an/a
Xinjiang Terun Dairy 600419.SSChina$465M+2%+5%5%26.8×-4.3%+9.4%
Binggrae 005180.KSSouth Korea$472M+9%+4%9%6.3×n/an/a
Masoval AS MAS.OLNorway$508M+16%-1%4%45.6×28.2%+22.3%
Heritage Foods HERITGFOOD.NSIndia$366M+2%+14%3%27.1×n/an/a
Panda Dairy 300898.SZChina$356M-20%+15%10%18.8×17.4%+3.4%
High Liner Foods HLF.TOCanada$536M+91%+14%5%8.7×3.5%+5.3%
Xinjiang Talimu Agriculture Development 600359.SSChina$348M-20%-20%-5%n/an/an/a
Australian Agricultural AAC.AXAustralia$553M+2%+9%-47%94.6×n/an/a
Henan Huaying Agricultural Development 002321.SZChina$569M-16%+24%1%n/an/an/a
Kyokuyo 1301.TJapan$331M-3%+11%3%n/an/an/a
Starzen 8043.TJapan$574M+36%+4%2%9.4×n/an/a
Lifeway Foods LWAYUnited States$327M-15%+26%6%27.1×n/an/a
Marudai Food 2288.TJapan$325M-10%+1%3%n/an/an/a
Guangdong Yantang Dairy 002732.SZChina$310M-20%-5%3%8.8×n/an/a
Joyvio Food 300268.SZChina$308M-31%-60%1%n/an/an/a
Dodla Dairy DODLA.NSIndia$625M-14%+17%4%28.6×33.7%+16.2%
Mama's Creations MAMAUnited States$632M+2%+54%5%46.4×17.6%+33.3%
Canada Packers CPKR.TOCanada$300M-23%-7%3%18.9×-0.2%+3.9%

Questions

Which companies are Parag Milk Foods's closest peers?
The cockpit's peer set: HaiXin Foods (002702.SZ), Hunan Xiangjia Animal Husbandry (002982.SZ), Xinjiang Terun Dairy (600419.SS), Binggrae (005180.KS), Masoval AS (MAS.OL), Heritage Foods (HERITGFOOD.NS), Panda Dairy (300898.SZ), High Liner Foods (HLF.TO).
Is Parag Milk Foods expensive compared with its peers?
On forward p/e it trades at 27.6× against a peer median of 27.0×, 6th most expensive of 15 in its peer set.
How has Parag Milk Foods stock performed?
Over six months to 6 Nov 2026 the shares returned +42.2% against -6.9% for the median peer; over one year +5.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.