Parag Milk Foods Ltd.

Financial

	Parag Milk Foods	Sheetal Cool Prod	Jagatjit Inds.
Operational Metrics
FMCG Sector
Milk Processing Capacity	3.4 MLPD	n/a	n/a
Volume Growth	18.6 %	n/a	n/a
Ghee
Manufacturing Capacity - Ghee	40150.0 MTPA	n/a	n/a
Milk
Total Milk Production	11.05 Mn Litre	n/a	n/a
Unclassified
Advertisement Spend as a % of Total Sales	2.52 %	n/a	0.92 %
Financials
5 yr Average ROE	-12.48 %	16.69 %	-29.75 %
5yr average Equity Multiplier	2.0	3.1	9.09
5yr Average Asset Turnover Ratio	1.49	1.53	0.7
5yr Avg Net Profit Margin	-2.77 %	3.79 %	-9.36 %
Price to Book	2.99	4.19	13.11
P/E	24.77	25.16	78.76
5yr Avg Cash Conversion Cycle	50.02 Days	123.99 Days	-21.77 Days
Inventory Days	88.99 Days	101.05 Days	44.83 Days
Days Receivable	17.93 Days	12.84 Days	17.88 Days
Days Payable	54.26 Days	71.94 Days	140.7 Days
5yr Average Interest Coverage Ratio	0.8	3.85	0.68
5yr Avg ROCE	0.03 %	18.72 %	4.08 %
5yr Avg Operating Profit Margin	2.33 %	12.1 %	5.1 %
5 yr average Debt to Equity	0.56	1.09	3.92
5yr CAGR Net Profit	-15.1 %	58.1 %	n/a
5yr Average Return on Assets	-3.96 %	5.8 %	-3.28 %
Shareholdings
Promoter Holding	42.61 %	65.59 %	87.55 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-3.59 %	11.82 %	12.83 %
Change in Mutual Fund Holding (3 Yrs)	0.07 %	0.0	0.02 %

Business

	Parag Milk Foods	Sheetal Cool Prod	Jagatjit Inds.
Product Wise Break-Up	Product Wise Break-Up Milk Products 64.0 Skimmed Milk Powder 18.9 Liquid Milk 9.1 Dietary Supplement 8.0 Processed Fruits & Vegetables 0 Frozen Foods 0 Bakery Products 0 Wind Mill Power Generation 0 Namkeen 0 Fryms & Wafers 0 Butter Milk 0 Milk 0 Lassi & Masko 0 Ice Cream 0 Processed Milk 0 Malt & Malt Extract 0 Sale Of Services 0 Petroleum And Its Products 0 Liquor 0	Product Wise Break-Up Milk Products 0 Liquor 0 Petroleum And Its Products 0 Sale Of Services 0 Frozen Foods 0.12 Processed Milk 0 Dietary Supplement 0 Milk Products 54.22 Bakery Products 0.82 Lassi & Masko 0 Ice Cream 35.82 Skimmed Milk Powder 0 Malt & Malt Extract 0 Butter Milk 0 Liquid Milk 0 Namkeen 8.5 Fryms & Wafers 0 Wind Mill Power Generation 0 Processed Fruits & Vegetables 0.34 Others 0.18	Product Wise Break-Up Milk Products 0 Alcohol 64.63 Petroleum Products 2.62 Service 12.89 Frozen Foods 0 Processed Milk 4.82 Dietary Supplement 0 Milk 0 Bakery Products 0 Lassi & Masko 0 Ice Cream 0 Skimmed Milk Powder 0 Malt & Malt Extract 8.07 Butter Milk 0 Liquid Milk 0 Namkeen 0 Fryms & Wafers 0 Wind Mill Power Generation 0 Processed Fruits & Vegetables 0 Others 6.97
Location Wise Break-Up	Location Wise Break-Up India 98.94 Rest of the World 1.06	Location Wise Break-Up India 99.83 Rest of the World 0 Others 0.17	Location Wise Break-Up India 93.72 Rest of the World 6.28