Parag Milk Foods Ltd. News and Updates

Name: Latest research reports of Parag Milk Foods Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Parag Milk Foods Ltd.
Rating: 5
Author: HDFC Securities

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Parag Milk Foods Ltd.

09 Jan 2017

250.53

2.90%

Pick of the week - Parag Milk Foods Ltd

Buy: Parag Milk Foods Ltd.

HDFC Securities

BUY Parag Milk Foods Ltd between CMP at Rs. 263 - Rs. 233 for the target of Rs. 308 - 370

Parag Milk Foods Ltd. has gained 30.42% in the last 1 Year

Parag Milk Foods Ltd.

09 Dec 2016

250.53

2.90%

PARAG MILK FOODS LTD

Buy: Parag Milk Foods Ltd.

Rudra Shares and Stock Brokers Ltd

Product launch and innovation - improve profitability & return ratio Company witnessed modest growth in the milk and milk products due to the rural demand and the delay ramped up in the sale side of the Diwali festival. However, witnessed a good transaction and sale improvement in important products category like cheese, whey, proteins, beverages, etc. During Q2 FY 2017, company also launched Spice Up, the new range of the cheese slice. It has a mix of the three slices with different flavors like Achari, Kacha Aam, Piri Piri & Schezwan and green chutney. Pace of new launches to increase from 4QFY17 onwards Launched new brand of dairy whitener, Milk rich, into the market with distinct packaging. 'Milk Rich'...

Parag Milk Foods Ltd. has an average target of 255.00 from 1 broker.

Parag Milk Foods Ltd.

27 Sep 2016

250.53

2.90%

Parag Milk Foods initiating coverage 27Sep2016

Buy: Parag Milk Foods Ltd.

Phillip Capital

Parag Milk Foods (PARAG) is a play on the high-growth value-added dairy products space. It has tremendous capability to innovate and create industry leading brands in a short span, its brands Go' and Gowardhan' have become household names. Its focus on consistent product innovation and mix improvement will lead to sustained better margins, which coupled with high revenue growth would translate into sharp earnings growth. It has delivered strong 25% PAT CAGR in FY12-16, and we expect growth momentum to continue in FY17-20 (we see 30% CAGR). With capex cycle almost at completion and with capital utilizations set to improve, we estimate the free cash flows to improve...

Parag Milk Foods Ltd. is trading above all available SMAs

Parag Milk Foods Ltd.

11 Aug 2016

250.53

2.90%

Parag Milk Foods: Long term growth drivers in place

Neutral: Parag Milk Foods Ltd.

Motilal Oswal

PARAG's 1QFY17 consolidated sales grew 3% YoY to INR3.8b led by Fresh milk growth of 25% and Milk products sales growth of 5% (with around 4% volume growth). SMP sales declined 14% YoY and others segment sales declined by 79%. EBITDA grew 16% YoY to INR330m while PAT grew 54% YoY to INR108m. Sharp gross margin expansion: Gross margins expanded sharply by 420bp YoY to 29.9% aided by improving product mix and utilization of lower cost raw materials of the previous quarter. Increase in employee costs (up 90bp YoY to 4.6%) and higher other expenses (up 230bp YoY to 16.7%) led to EBITDA...

Parag Milk Foods Ltd. has an average target of 255.00 from 1 broker.

Parag Milk Foods Ltd.

19 May 2016

250.53

2.90%

IDFC PE makes 27th exit; partially exits Parag Milk through IPO

Forbes India

Overall, since inception IDFC PE has realised over $850 million from its exits Read more

Parag Milk Foods Ltd. has gained 30.42% in the last 1 Year

Parag Milk Foods Ltd.

19 May 2016

250.53

2.90%

Growing very quickly in cheese segment: Bharat Kedia, Parag Milk Foods

Economic Times

In an exclusive interview with ET Now,BharatKedia, CFO,ParagMilk Foods, said the company is investing a lot in expanding the cheese business.

Parag Milk Foods Ltd. has gained 30.42% in the last 1 Year

Parag Milk Foods lists at 1% premium

The Financial Express | 20 May 2016 3 more

Parag Milk Foods Ltd.

18 May 2016

250.53

2.90%

Parag Milk Foods to make stock market debut on May 19

The Financial Express

The company's Rs 760-crore initial public offering (IPO), which was extended by three days, was oversubscribed 1.83 times on the final day of the offer which ended on May 11

Parag Milk Foods Ltd. has gained 71.08% in the last 6 Months

Parag Milk Foods Ltd.

04 May 2016

250.53

2.90%

Parag Milk Foods - IPO Update 4May2016

Parag Milk Foods Ltd.

Phillip Capital

Parag Milk Foods, founded in 1992, is one of the leading private dairy players in India with a pan-India presence. It manufactures dairy products such as cheese, ghee, curd, buttermilk, flavoured milk, and fresh milk, and markets these under brands Gowardhan, Go, ToppUp, and...

Parag Milk Foods Ltd. has an average target of 255.00 from 1 broker.

Parag Milk Foods Ltd.

03 May 2016

250.53

2.90%

Parag Milk Foods Ltd.

IPO Avoid: Parag Milk Foods Ltd.

Ashika Research

Parag is one of the leading manufacturers and marketers of dairy-based branded foods in India. They commenced their business in 1992 with collection and distribution of milk and have now developed into a dairy-based branded consumer products company with an integrated business model, manufacturing a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands. A significant portion of their product range includes long shelf-life food and beverage products that enable them to sell their products to retail and institutional customers across India. They derive all of their products only from cows' milk. Their aggregate milk processing capacity is 2 million litres per day and their cheese plant has the largest production capacity in India, with...