Milkfood share price & results
- Sept 2025
- Sept 2026
Food-products manufacturer regulated under the Food Safety and Standards Act, operating two plants — Bahadurgarh (Punjab) and Moradabad (Uttar Pradesh) — with a wholly owned trading subsidiary.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 74.1 | −7.9% YoY | Quarterly, as filed | Quarter to Sept 2025 | Revenue from operations as filed. |
| Operating margin | -3.1 | −10.6 pts YoY | Operating profit / revenue | Quarter to Sept 2025 | For the quarter; a change is in percentage points. |
| Net profit | -7.9 | −973.3% YoY | Quarterly, as filed | Quarter to Sept 2025 | Profit after tax as filed. |
| Return on equity | -3.26 | −1.1 pts | Trailing twelve months | TTM to Sept 2025 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | −1.3 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | 1.43 | +8.9 pts | Trailing twelve months | TTM to Sept 2025 | Revenue change against the same period one year earlier. |
Price
Performance +21.9% 1Y
1Y: ₹73.59 on 24 Oct 2025 → ₹89.72. High ₹91.88 (24 Aug 2026), low ₹45.7 (17 Mar 2026).
- Previous close
- ₹90.86
- Market cap
- ₹230 Cr
- 52-week range
- ₹45.7 – ₹91.88
- One year
- +21.31%
- Return on equity (TTM to Sept 2025)
- -3.26%
Overview
- Symbol
- NSE:MLKFOOD
- Exchange
- NSE
- Currency
- INR
What Milkfood Ltd. does
Based on the company's own presentations, annual report and earnings calls.
Milkfood Limited is a food-processing company whose operations are governed by the Food Safety and Standards Act, 2006, indicating it manufactures and markets food products. It runs two manufacturing plants at different locations — Bahadurgarh, Distt. Patiala (Punjab) and Village Agwanpur, Kanth Road, Moradabad (Uttar Pradesh) — using steam turbines, diesel generators and biomass fuels (rice husk, petroleum coke, charcoal, bagasse, fire wood) for plant energy needs. The company also has a wholly owned subsidiary, MFL Trading Private Limited.
- Manufacturing plants
- 2 (Bahadurgarh, Punjab & Moradabad, Uttar Pradesh)
- Permanent employees
- 170 (FY25)
- Wholly owned subsidiary
- MFL Trading Private Limited
- Export markets
- None (FY25 — nil foreign exchange earnings)
- Purchased electricity consumption
- 26,85,759 units (FY25)
- Biomass fuel consumption (rice husk/petroleum coke/charcoal/bagasse/firewood)
- 8,882 MT (FY25)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2020 to Mar 2025).
Financials
What the filings say
Net profit, year on year: −973% (quarter to sept 2025 against sept 2024).
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales | 115 | 122 | 96 | 80 | 113 | 158 | 74 | 74 |
| Expenses | 108 | 114 | 90 | 74 | 110 | 150 | 75 | 76 |
| Operating profit | 7 | 8 | 6 | 6 | 3 | 8 | -1 | -2 |
| Operating margin | 5.8% | 6.2% | 6.1% | 7.4% | 3.0% | 5.3% | −1.4% | −3.1% |
| Other income | 0 | 3 | 0 | 0 | 1 | 1 | 6 | 0 |
| Interest | 3 | 3 | 3 | 3 | 1 | 3 | 3 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 2 | 6 | 1 | 1 | 2 | 4 | -1 | -8 |
| Tax rate | 27.8% | 31.8% | 42.2% | 21.7% | 63.6% | 34.3% | 0.0% | 0.0% |
| Net profit | 1 | 4 | 1 | 1 | 1 | 2 | -1 | -8 |
| EPS (₹ per share) | 0.57 | 1.88 | 0.24 | 0.37 | 0.26 | 0.99 | -0.28 | -3.22 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Sales | 467 | 437 | 448 |
| Expenses | 444 | 417 | 424 |
| Operating profit | 24 | 20 | 24 |
| Other income | 4 | 9 | 2 |
| Interest | 10 | 14 | 11 |
| Depreciation | 6 | 7 | 7 |
| Profit before tax | 11 | 9 | 8 |
| Net profit | 10 | 7 | 5 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 12 | 12 |
| Reserves | 114 | 118 | 128 | 170 | 164 | 157 |
| Borrowings | 74 | 73 | 122 | 116 | 118 | 128 |
| Other liabilities | 117 | 109 | 74 | 80 | 81 | 68 |
| Total liabilities | 309 | 304 | 329 | 371 | 375 | 365 |
| Fixed assets | 184 | 184 | 190 | 222 | 226 | 225 |
| Capital work in progress | 2 | 5 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 124 | 115 | 139 | 149 | 149 | 139 |
| Total assets | 309 | 304 | 329 | 371 | 375 | 365 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 20 | 13 | 14 | -30 | 20 | 19 |
| Cash from investing | -22 | -8 | -5 | -7 | 1 | -4 |
| Cash from financing | 0 | -7 | -8 | 36 | -21 | -15 |
| Net cash flow | -2 | -2 | 0 | -1 | 0 | 0 |
| Free cash flow | -2 | 6 | 8 | -37 | 21 | 15 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Debtor days | 22 | 53 | 66 | 25 | 64 | 67 |
| Inventory days | 46 | 40 | 29 | 63 | 34 | 34 |
| Days payable | 25 | 34 | 23 | 39 | 54 | 52 |
| Cash conversion cycle | 43 | 59 | 72 | 49 | 44 | 48 |
| Working capital days | 0 | 20 | 30 | 23 | 20 | 16 |
| Return on capital employed | 9.0% | 6.0% | 5.0% | 9.0% | 7.0% | 6.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 13.0% | 18.0% | 68.0% |
Ownership
Who owns it
Promoters hold 54.04% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 54.04%
- Foreign institutions 0.00%
- Domestic institutions 0.02%
- Public 45.92%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 0.68% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Milkfood Ltd. above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 41.67% | unchanged | |
| 10.94% | unchanged | |
| 8.76% | unchanged | |
| 7.15% | −0.25 pp | |
| 4.40% | unchanged | |
| 2.75% | unchanged | |
| 2.73% | unchanged | |
| 1.72% | unchanged | |
| 0.68% | newly disclosed | |
| 0.39% | unchanged | |
| 0.36% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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