Dodla Dairy Ltd

Financial

	Dodla Dairy	Vadilal Industries	Heritage Foods
Operational Metrics
Dairy
Sales Volume - Milk	1.16 MLPD	n/a	1.17 MLPD
Sales volume- Curd	307.0 MTPD	n/a	435.6 MTPD
Realization/Litre - Milk	66.86 Rs/Litre	n/a	54.64 Rs/Litre
FMCG Sector
Milk Processing Capacity	2.4 MLPD	n/a	2.83 MLPD
Milk Generation	1.71 MLPD	n/a	1.84 MLPD
Milk
Capacity Utilization - Milk	76.0 %	n/a	n/a
Financials
5 yr Average ROE	14.72 %	16.96 %	5.23 %
5yr average Equity Multiplier	1.44	2.1	1.63
5yr Average Asset Turnover Ratio	2.23	1.09	2.88
5yr Avg Net Profit Margin	4.88 %	7.28 %	1.68 %
Price to Book	5.29	7.77	4.4
P/E	28.56	32.79	20.57
5yr Avg Cash Conversion Cycle	8.46 Days	45.19 Days	18.23 Days
Inventory Days	20.54 Days	85.51 Days	26.35 Days
Days Receivable	1.11 Days	27.72 Days	2.63 Days
Days Payable	20.46 Days	90.05 Days	10.5 Days
5yr Average Interest Coverage Ratio	40.54	5.96	12.25
5yr Avg ROCE	19.42 %	20.53 %	12.77 %
5yr Avg Operating Profit Margin	8.92 %	13.88 %	2.74 %
5 yr average Debt to Equity	0.11	0.52	0.22
5yr CAGR Net Profit	27.3 %	28.67 %	n/a
5yr Average Return on Assets	10.5 %	8.52 %	5.0 %
Shareholdings
Promoter Holding	59.69 %	64.73 %	41.3 %
Share Pledged by Promoters	0.0	7.57 %	0.0
Change in Promoter Holding (3 Yrs)	-2.85 %	0.01 %	1.87 %
Change in Mutual Fund Holding (3 Yrs)	4.81 %	-0.01 %	-12.03 %

Business

	Dodla Dairy	Vadilal Industries	Heritage Foods
Segment Break-Up	Segment Break-Up Milk 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up India 89.06 Rest of the World 0 Others 10.94	Location Wise Break-Up Rest of the World 18.74 India 81.26	Location Wise Break-Up Rest of the World 0 India 99.98 Others 0.02
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise India 88.5 Animal Feed 0 Renewable Energy 0 Dairy 0 Others 11.5	-	Asset Break-Up - Segment Wise Dairy 63.29 Renewable Energy 3.98 India 0 Animal Feed 3.91 Others 28.82