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	1.71 MLPD	1.76 MLPD	n/a
Sales Volume - Milk	1.16 MLPD	1.16 MLPD	n/a
Sales volume- Curd	370.0 MTPD	435.6 MTPD	n/a
Realization/Litre - Milk	60.87 Rs/Litre	55.6 Rs/Litre	n/a
Financials
5 yr Average ROE	14.72 %	5.23 %	16.96 %
5yr average Equity Multiplier	1.44	1.63	2.1
5yr Average Asset Turnover Ratio	2.23	2.88	1.09
5yr Avg Net Profit Margin	4.88 %	1.68 %	7.28 %
Price to Book	5.81	4.16	5.55
P/E	31.44	21.47	25.65
5yr Avg Cash Conversion Cycle	8.46 Days	18.23 Days	45.19 Days
Inventory Days	20.54 Days	26.35 Days	85.51 Days
Days Receivable	1.11 Days	2.63 Days	27.72 Days
Days Payable	20.46 Days	10.5 Days	90.05 Days
5yr Average Interest Coverage Ratio	40.54	12.25	5.96
5yr Avg ROCE	19.42 %	12.77 %	20.53 %
5yr Avg Operating Profit Margin	8.92 %	2.74 %	13.88 %
5 yr average Debt to Equity	0.11	0.22	0.52
5yr CAGR Net Profit	27.3 %	n/a	28.67 %
5yr Average Return on Assets	10.5 %	5.0 %	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 %	0.01 %
Change in Mutual Fund Holding (3 Yrs)	4.81 %	-12.03 %	-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 88.78 Rest of the World 0 Others 11.22	Location Wise Break-Up Rest of the World 0 India 99.98 Others 0.02	Location Wise Break-Up Rest of the World 18.74 India 81.26
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise India 88.46 Animal Feed 0 Renewable Energy 0 Dairy 0 Others 11.54	Asset Break-Up - Segment Wise Renewable Energy 3.81 Dairy 73.21 Animal Feed 3.86 India 0 Others 19.12	-