Dodla Dairy Ltd

Financial

	Dodla Dairy	Heritage Foods	Vadilal Industries
Operational Metrics
FMCG Sector
Capacity Utilization - Milk	76.0 %	n/a	n/a
Milk Processing Capacity	2.4 MLPD	2.83 MLPD	n/a
Milk Generation	1.87 MLPD	1.8 MLPD	n/a
Sales Volume - Milk	1.19 MLPD	1.16 MLPD	n/a
Sales volume- Curd	452.3 MTPD	435.6 MTPD	n/a
Realization/Litre - Milk	57.2 Rs/Litre	56.4 Rs/Litre	n/a
Financials
5 yr Average ROE	16.12 %	16.08 %	16.96 %
5yr average Equity Multiplier	1.32	1.52	2.1
5yr Average Asset Turnover Ratio	2.12	2.86	1.09
5yr Avg Net Profit Margin	5.81 %	3.76 %	7.28 %
Price to Book	5.54	4.54	5.35
P/E	30.2	25.92	24.72
5yr Avg Cash Conversion Cycle	7.23 Days	9.5 Days	45.19 Days
Inventory Days	21.79 Days	27.67 Days	85.51 Days
Days Receivable	1.11 Days	2.84 Days	27.72 Days
Days Payable	21.13 Days	12.21 Days	90.05 Days
5yr Average Interest Coverage Ratio	56.5	16.55	5.96
5yr Avg ROCE	20.85 %	21.53 %	20.53 %
5yr Avg Operating Profit Margin	9.64 %	7.15 %	13.88 %
5 yr average Debt to Equity	0.04	0.12	0.52
5yr CAGR Net Profit	15.59 %	4.66 %	28.67 %
5yr Average Return on Assets	12.25 %	10.66 %	8.52 %
Shareholdings
Promoter Holding	59.69 %	41.3 %	64.73 %
Share Pledged by Promoters	0.0	0.0	7.57 %
Change in Promoter Holding (3 Yrs)	-2.85 %	1.87 %	0.0
Change in Mutual Fund Holding (3 Yrs)	4.86 %	-10.65 %	-0.01 %

Business

	Dodla Dairy	Heritage Foods	Vadilal Industries
Segment Break-Up	Segment Break-Up Milk 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up India 89.43 Rest of the World 0 Others 10.57	Location Wise Break-Up India 99.95 Rest of the World 0.05	Location Wise Break-Up India 81.26 Rest of the World 18.74
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise India 88.01 Animal Feed 0 Renewable Energy 0 Dairy 0 Others 11.99	Asset Break-Up - Segment Wise Dairy 70.59 India 0 Animal Feed 4.3 Renewable Energy 3.64 Others 21.47	-