Modern Dairies Ltd
Modern Dairies Ltd (MODAIRY) last reported results for the quarter ended Jun 2026, with sales of ₹91.27 crore and net profit of ₹2.14 crore. The stock last traded at ₹51.3, a market capitalisation of ₹164 crore, on a P/E of 30.5. Over the past 52 weeks the stock has ranged between ₹26.6 and ₹55.9. Figures are as of 9 Oct 2026 and are not real time.
Modern Dairies Ltd share price and key metrics
- Current price
- ₹51.3
- Market cap
- ₹164 cr
- Stock P/E
- 30.5
- Book value
- ₹19.5
- ROE
- 10.2%
- ROCE
- 13.7%
- Dividend yield
- 0.00%
- 52w high / low
- 55.9/26.6
Metrics as of 9 Oct 2026. Not real time.
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Modern Dairies Ltd growth and returns
- 10 Years
- -4%
- 5 Years
- -11%
- 3 Years
- 16%
- TTM
- 6%
- 10 Years
- 8%
- 5 Years
- 19%
- 3 Years
- -26%
- TTM
- -78%
- 10 Years
- 16%
- 5 Years
- 39%
- 3 Years
- 38%
- 1 Year
- 15%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- Last Year
- 10%
Modern Dairies Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹91.27 cr, up 16.6% from ₹78.3 cr a year earlier. Net profit was ₹2.14 cr, up 29.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 73.84 | 88.76 | 91.06 | 78.3 | 81.96 | 87.48 | 92.18 | 91.27 |
| Expenses | 69.75 | 85.64 | 89.32 | 75.27 | 79.24 | 85.09 | 90.51 | 87.44 |
| Operating profit | 4.09 | 3.12 | 1.74 | 3.03 | 2.72 | 2.39 | 1.67 | 3.83 |
| OPM % | 5.54% | 3.52% | 1.91% | 3.87% | 3.32% | 2.73% | 1.81% | 4.20% |
| Other income | 0.36 | 56.04 | 0.2 | 0.14 | 0.46 | 0.35 | 0.35 | 0.3 |
| Interest | 0.39 | 0.45 | 0.45 | 0.24 | 0.26 | 0.31 | 0.3 | 0.29 |
| Depreciation | 0.74 | 0.79 | 0.87 | 0.84 | 0.84 | 0.8 | 0.78 | 0.79 |
| Profit before tax | 3.32 | 57.92 | 0.62 | 2.09 | 2.08 | 1.63 | 0.94 | 3.05 |
| Tax % | 0.00% | 0.00% | -2,779.03% | 21.05% | 18.75% | 24.54% | 65.96% | 29.84% |
| Net profit | 3.32 | 57.93 | 17.86 | 1.65 | 1.69 | 1.22 | 0.32 | 2.14 |
| EPS (₹) | 1.42 | 24.84 | 6.97 | 0.64 | 0.66 | 0.48 | 0.11 | 0.75 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Modern Dairies Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 457 | 467 | 560 | 766 | 610 | 241 | 217 | 362 | 348 | 340 | 353 |
| Operating profit | -4 | -14 | 11 | 9 | 10 | 10 | 17 | 22 | 14 | 10 | 11 |
| OPM % | -0.8% | -2.9% | 2.0% | 1.1% | 1.7% | 4.1% | 8% | 6% | 4.0% | 2.9% | 3.0% |
| Net profit | -11 | -19 | 6 | 3 | -35 | 5 | 12 | 34 | 83 | 5 | 5 |
| EPS (₹) | -4.89 | -7.96 | 2.60 | 1.50 | -14.89 | 2.12 | 5.21 | 14.68 | 32.38 | 1.72 | 2.00 |
TTM is the trailing twelve months to the most recent quarter.
Modern Dairies Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 26 | 28 |
| Reserves | -93 | -111 | -105 | -102 | -136 | -131 | -119 | -85 | 15 | 27 |
| Borrowings | 177 | 167 | 165 | 155 | 50 | 0 | 1 | 8 | 7 | 12 |
| Other liabilities | 46 | 38 | 53 | 53 | 138 | 170 | 180 | 144 | 69 | 65 |
| Total liabilities | 153 | 117 | 136 | 130 | 74 | 62 | 85 | 90 | 117 | 132 |
| Fixed assets | 79 | 77 | 76 | 74 | 34 | 30 | 29 | 30 | 31 | 29 |
| CWIP | 0 | 0 | 0 | 2 | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Other assets | 74 | 40 | 59 | 54 | 40 | 32 | 56 | 59 | 85 | 96 |
| Total assets | 153 | 117 | 136 | 130 | 74 | 62 | 85 | 90 | 117 | 132 |
As reported by the company. Total assets equal total liabilities by construction.
Modern Dairies Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3 | 16 | 4 | 6 | 7 | 17 | 15 | 47 | 20 | -4 |
| Cash from investing | -5 | -3 | -4 | -5 | -3 | -2 | -3 | -5 | -4 | -7 |
| Cash from financing | -3 | -11 | -0 | -2 | -3 | -9 | -19 | -41 | -10 | 14 |
| Net cash flow | -5 | 1 | -1 | -1 | 0 | 6 | -7 | 1 | 7 | 2 |
| Free cash flow | -2 | 13 | -1 | 1 | 3 | 15 | 12 | 42 | 17 | -6 |
| CFO / operating profit | -68% | -118% | 35% | 71% | 65% | 179% | 96% | 222% | 147% | -46% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Modern Dairies Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -8% | -20% | 8% | 4% | -172% | — | — | — | — | 14% |
| Debtor days | 22 | 7 | 20 | 11 | 6 | 5 | 32 | 19 | 22 | 26 |
| Inventory days | 30 | 14 | 10 | 13 | 16 | 31 | 73 | 39 | 38 | 45 |
| Days payable | 22 | 15 | 20 | 18 | 11 | 11 | 88 | 58 | 61 | 62 |
| Cash conversion cycle | 30 | 6 | 10 | 6 | 11 | 25 | 16 | 0 | -1 | 9 |
| Working capital days | -39 | -136 | -109 | -74 | -89 | -223 | -217 | -91 | -14 | -3 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Modern Dairies Ltd shareholding pattern
Promoters held 60.33% at Sep 2026, up from 50.59% at Sep 2025. DIIs 0.03%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 45.71% | 50.59% | 50.59% | 50.59% | 50.59% | 55.46% | 55.46% | 60.33% |
| DIIs | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% |
| Public | 54.25% | 49.37% | 49.37% | 49.38% | 49.39% | 44.51% | 44.51% | 39.63% |
| No. of shareholders | 16,934 | 16,967 | 16,815 | 16,859 | 16,941 | 16,838 | 16,726 | 16,726 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Modern Dairies Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on 30th September, 2026Company Updatelow impact
- Modern Dairies received shareholder requests in September 2026 for physical share transfer re-lodgement under the Special WindowCompany Updatelow impact
Cruxal's analysis: In September 2026, Modern Dairies Ltd reported requests from shareholders for…
Read the full analysis - This is to inform that in accordance with SEBI (PIT) regulations 2015 read with Company''s Code of Conduct for prevention of Insider Trading and clarifications issued by BSE Ltd. from time ....Insider Trading / SASTlow impact
- Modern Dairies Limited Announces Successful Conclusion of 34th Annual General Meeting and Shareholder Approval of Key ResolutionsAGM/EGMlow impact
Cruxal's analysis: Modern Dairies Limited has successfully concluded its 34th Annual General Meeting held on…
Read the full analysis - Modern Dairies Limited announces AGM approval for re-appointment of Executive Director and appointment of new Statutory AuditorsCompany Updatelow impact
Cruxal's analysis: Modern Dairies Limited has concluded its 52nd Annual General Meeting, where shareholders…
Read the full analysis - Modern Dairies Limited concludes 34th Annual General Meeting; seeks shareholder approval for related party transactions and director re-appointmentsAGM/EGMlow impact
Cruxal's analysis: Modern Dairies Limited has successfully concluded its 34th Annual General Meeting, where…
Read the full analysis - Modern Dairies Ltd: Disclosure of promoter shareholding changes under SEBI PIT RegulationsCompany Updatelow impact
Cruxal's analysis: Modern Dairies Ltd has submitted a disclosure under Regulation 7(2) of the SEBI…
Read the full analysis - Modern Dairies Limited: Promoters Increase Stake to 22.36% via Warrant ConversionInsider Trading / SASTmedium impact
Cruxal's analysis: Modern Dairies Limited has disclosed that members of the promoter group, including…
Read the full analysis - Modern Dairies Limited Promoters Increase Stake to 22.36% via Conversion of 19 Lakh Convertible WarrantsCompany Updatemedium impact
Cruxal's analysis: Modern Dairies Limited has announced that its promoter group, led by Mr. Krishan Kumar…
Read the full analysis - Modern Dairies Ltd files routine media release under Regulation 30Company Updatelow impact
Cruxal's analysis: Modern Dairies Ltd has submitted a media release to the stock exchange in compliance with…
Read the full analysis - Modern Dairies Ltd allots 19,00,000 equity shares upon conversion of warrants Corp Actionlow impact
Cruxal's analysis: Modern Dairies Ltd has announced the allotment of 19,00,000 equity shares following the…
Read the full analysis - Modern Dairies Ltd reports August 2026 physical share transfer re-lodgement requestsCompany Updatelow impact
Cruxal's analysis: Modern Dairies Ltd has filed a report regarding requests received from shareholders for…
Read the full analysis - Modern Dairies Ltd announces newspaper publication for physical share transfer re-lodgementCompany Updatelow impact
Cruxal's analysis: Modern Dairies Ltd has published a notice in newspapers regarding a special window for…
Read the full analysis - Modern Dairies Ltd: Intimation of AGM Notice and Annual Report 2025-26 dispatchCompany Updatelow impact
Cruxal's analysis: Modern Dairies Ltd has issued a notice regarding the dispatch of the Annual General…
Read the full analysis - Modern Dairies Ltd schedules 34th Annual General Meeting for September 26, 2026Company Updatelow impact
Cruxal's analysis: Modern Dairies Ltd has published the formal notice for its 34th Annual General Meeting…
Read the full analysis - Modern Dairies Ltd releases Annual Report for FY 2025-26 and announces 34th AGMOtherslow impact
Cruxal's analysis: Modern Dairies Ltd has filed its Annual Report for the financial year 2025-26 in…
Read the full analysis - Modern Dairies Limited Announces 34th AGM and Seeks Approval for Increased Related Party Transaction Limits of INR 145 CroreAGM/EGMmedium impact
Cruxal's analysis: Modern Dairies Limited has issued a notice for its 34th Annual General Meeting scheduled…
Read the full analysis - Modern Dairies Limited Promoters Increase Stake to 33.40% via Warrant ConversionInsider Trading / SASTmedium impact
Cruxal's analysis: Modern Dairies Limited promoters, led by Mr. Krishan Kumar Goyal, have increased their…
Read the full analysis - Modern Dairies Ltd: Disclosure of Promoter Shareholding Changes under SEBI PIT RegulationsCompany Updatelow impact
Cruxal's analysis: Modern Dairies Limited has submitted a routine disclosure under Regulation 7(2)(b) of the…
Read the full analysis - Modern Dairies Limited Promoters Increase Stake to 33.40% via Conversion of 16 Lakh Convertible WarrantsCompany Updatemedium impact
Cruxal's analysis: Modern Dairies Limited has announced that its promoter group, led by Mr. Krishan Kumar…
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