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Parag Milk Foods Limited (PARAGMILK) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹29.6B

PM Parag Milk Foods Limited PARAGMILK · NSE
Price₹238.12
Fair Value₹156.78
Upside-34.2%
Quality46/100
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Evidence: High Range ₹136.63 – ₹259.40

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price −2.4% over the past month.

Price vs Fair Value (12 months)

₹371.60 ₹179.86 Fair Value ₹156.78 Jul 2025 Jul 2026

12‑month range ₹179.86 – ₹371.60 · fair‑value band ₹136.63 – ₹259.40 · the ₹238.12 price screens above the ₹156.78 fair value. As of Jul 3, 2026.

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Analysis

Parag Milk Foods Limited (PARAGMILK) currently trades at ₹238.12, while our model-based Fair Value estimate is ₹156.78 — implying the stock looks roughly 34.2% overvalued today. We read business quality at 46/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Parag Milk Foods Limited generated revenue of ₹38.2B at a net margin of 3.5%. Revenue grew 3.0% year over year. It earns a return on equity of 11.8%. Net debt stands at ₹5.9B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹38.2B
Revenue growth (YoY) +3.0%
Net margin 3.5%
Return on equity 11.8%
Free cash flow −₹276M FY2026
P/E ratio 22.1
More key figures
Operating margin 6.4%
EPS (TTM) ₹10.58
Dividend yield 0.5%
EPS growth (YoY) +19.9%
Net debt ₹5.9B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Parag Milk Foods Limited processes, manufactures, and sells milk and milk products in India and worldwide. The company offers ghee, milk, paneer, sweets, curd, butter, dairy whitener, milk powder, and gulab jamun mix products. It also offers flavoured cheese wedges, spreads, slices, and angles, as well as flavored yoghurt, bocconcini, slim milk, fresh cream, buttermilk, double toned milk, lassi, flavoured milk, milk shakes, beverages, UHT milk, and other dairy products. In addition, the company provides sports nutrition products, whey protein, protein bar, sesame and groundnut chikki, and lactose related products. Further, it sells its products under the Gowardhan, Go, Topp Up, Pride of Cows, and Avvatar brand names. Parag Milk Foods Limited was incorporated in 1992 and is headquartered in Pune, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Parag Milk Foods Limited reported revenue of ₹38.2B in FY2026 versus ₹20.6B in FY2022, a compound +16.7%/yr. Reported net income was ₹1.4B in FY2026.

Revenue +16.7%/yr
FY22 ₹20.6B
FY23 ₹28.5B
FY24 ₹31.4B
FY25 ₹34.3B
FY26 ₹38.2B
Net income
FY22 −₹5.3B
FY23 ₹533M
FY24 ₹906M
FY25 ₹1.2B
FY26 ₹1.4B

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Similar stocks

6 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Nestlé India Limited NESTLEIND ₹1,402 ₹362.37 -74%
Grupo Bimbo, S.A. BIMBOA 57.10 MXN 83.34 MXN +46%
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Britannia Industries Limited BRITANNIA ₹5,121 ₹1,374 -73%

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Frequently asked questions

Is Parag Milk Foods Limited (PARAGMILK) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹156.78 versus a price of ₹238.12 — about −34% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PARAGMILK?
Our model-based fair value for Parag Milk Foods Limited is ₹156.78 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹238.12.
What is the quality score of PARAGMILK?
Parag Milk Foods Limited has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Parag Milk Foods Limited (PARAGMILK)?
Parag Milk Foods Limited reported trailing-twelve-month revenue of about ₹38.2B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of PARAGMILK?
The net profit margin of Parag Milk Foods Limited is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Parag Milk Foods Limited pay a dividend?
Parag Milk Foods Limited currently shows a dividend yield of about 0.47% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.