Modern Dairies
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Modern Dairies' promoter group acquired 19 lakh equity shares on 10 September through conversion of preferential warrants at ₹50 each, for a combined value of ₹9.5 crore. Aditya Goyal acquired 12 lakh shares worth ₹6 crore, taking his holding from 2.94% to 6.53%, while Krishan Goyal HUF acquired 4 lakh shares worth ₹2 crore, raising its holding from 6.26% to 7.14%. Chandigarh Finance acquired a further 3 lakh shares worth ₹1.5 crore, increasing its holding from 8.23% to 8.68%. Modern Dairies generated revenue of about ₹341 crore in FY26 and operated a single milk and milk-products manufacturing segment at its Karnal works.
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Modern Dairies' promoter group acquired 19 lakh equity shares on 10 September through conversion of preferential warrants at ₹50 each, for a combined value of ₹9.5 crore. Aditya Goyal acquired 12 lakh shares worth ₹6 crore, taking his holding from 2.94% to 6.53%, while Krishan Goyal HUF acquired 4 lakh shares worth ₹2 crore, raising its holding from 6.26% to 7.14%. Chandigarh Finance acquired a further 3 lakh shares worth ₹1.5 crore, increasing its holding from 8.23% to 8.68%. Modern Dairies generated revenue of about ₹341 crore in FY26 and operated a single milk and milk-products manufacturing segment at its Karnal works.
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Modern Dairies’ promoter group acquired 19 lakh equity shares on 10 September 2026 through conversion of warrants allotted under a preferential issue. Krishan Goyal HUF acquired 4 lakh shares, Aditya Goyal 12 lakh and Chandigarh Finance Private Limited 3 lakh. Their combined holding rose from 17.44% to 22.36%, while the company’s equity share capital increased from ₹30.02 crore to ₹31.92 crore. By 25 August, Modern Dairies had recorded conversion of 86 lakh warrants. The company’s FY26 revenue was about ₹341 crore, while operating profit was ₹11.1 lakh.
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Modern Dairies’ promoter group acquired 19 lakh equity shares on 10 September 2026 through conversion of warrants allotted under a preferential issue. Krishan Goyal HUF acquired 4 lakh shares, Aditya Goyal 12 lakh and Chandigarh Finance Private Limited 3 lakh. Their combined holding rose from 17.44% to 22.36%, while the company’s equity share capital increased from ₹30.02 crore to ₹31.92 crore. By 25 August, Modern Dairies had recorded conversion of 86 lakh warrants. The company’s FY26 revenue was about ₹341 crore, while operating profit was ₹11.1 lakh.
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Modern Dairies' promoter group acquired 19 lakh equity shares on 10 September through conversion of preferentially allotted warrants, lifting its combined holding from 17.44% to 22.36%. Krishan Goyal HUF, Aditya Goyal and Chandigarh Finance acquired 4 lakh, 12 lakh and 3 lakh shares respectively. The company's equity share capital rose from ₹30.02 crore to ₹31.92 crore after the acquisition. Modern Dairies manufactures milk and milk products at Karnal and reported FY26 revenue of about ₹341 crore.
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Modern Dairies' promoter group acquired 19 lakh equity shares on 10 September through conversion of preferentially allotted warrants, lifting its combined holding from 17.44% to 22.36%. Krishan Goyal HUF, Aditya Goyal and Chandigarh Finance acquired 4 lakh, 12 lakh and 3 lakh shares respectively. The company's equity share capital rose from ₹30.02 crore to ₹31.92 crore after the acquisition. Modern Dairies manufactures milk and milk products at Karnal and reported FY26 revenue of about ₹341 crore.
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Modern Dairies allotted 16 lakh equity shares to three allottees from the promoter and promoter-group categories after the conversion of warrants at an issue price of ₹50 a share, receiving ₹6 crore in balance consideration. Krishan Kumar Goyal received 8 lakh shares, Alka Goyal 4 lakh and Mala Builders Pvt Ltd 4 lakh. The allotment raised the promoter group’s combined holding from 29.65% to 33.40% and increased paid-up equity capital from 2.84 crore shares to 3.00 crore shares. Modern Dairies had originally allotted 86 lakh preferential warrants at ₹50 each, with 23 lakh converted in March 2025 and 28 lakh in February 2026. Revenue in the year to March 2026 was ₹339.9 crore and net profit was ₹4.9 crore.
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Modern Dairies allotted 16 lakh equity shares to three allottees from the promoter and promoter-group categories after the conversion of warrants at an issue price of ₹50 a share, receiving ₹6 crore in balance consideration. Krishan Kumar Goyal received 8 lakh shares, Alka Goyal 4 lakh and Mala Builders Pvt Ltd 4 lakh. The allotment raised the promoter group’s combined holding from 29.65% to 33.40% and increased paid-up equity capital from 2.84 crore shares to 3.00 crore shares. Modern Dairies had originally allotted 86 lakh preferential warrants at ₹50 each, with 23 lakh converted in March 2025 and 28 lakh in February 2026. Revenue in the year to March 2026 was ₹339.9 crore and net profit was ₹4.9 crore.
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April 1 (Reuters) - Modern Dairies Ltd MDRD.BO:
MODERN DAIRIES - RE-APPOINTS KRISHAN KUMAR GOYAL AS CHAIRMAN, MD
Source text: ID:nBSE9pDSsc
Further company coverage: MDRD.BO
(([email protected];))
April 1 (Reuters) - Modern Dairies Ltd MDRD.BO:
MODERN DAIRIES - RE-APPOINTS KRISHAN KUMAR GOYAL AS CHAIRMAN, MD
Source text: ID:nBSE9pDSsc
Further company coverage: MDRD.BO
(([email protected];))
Nov 27 (Reuters) - Modern Dairies Ltd MDRD.BO:
FULLY PAID PNB OTS AMOUNT OF 459.4 MILLION RUPEES
Source text: ID:nBSE18lzXr
Further company coverage: MDRD.BO
(([email protected];;))
Nov 27 (Reuters) - Modern Dairies Ltd MDRD.BO:
FULLY PAID PNB OTS AMOUNT OF 459.4 MILLION RUPEES
Source text: ID:nBSE18lzXr
Further company coverage: MDRD.BO
(([email protected];;))
Nov 8 (Reuters) - Modern Dairies Ltd MDRD.BO:
MODERN DAIRIES LTD SEPT-QUARTER PROFIT 213.4 MILLION RUPEES VERSUS 42.4 MILLION RUPEES
MODERN DAIRIES LTD SEPT-QUARTER REVENUE FROM OPERATIONS 801.8 MILLION RUPEES VERSUS 422.9 MILLION RUPEES
Source text for Eikon: ID:nBSE8j3BJw
Further company coverage: MDRD.BO
(([email protected];))
Nov 8 (Reuters) - Modern Dairies Ltd MDRD.BO:
MODERN DAIRIES LTD SEPT-QUARTER PROFIT 213.4 MILLION RUPEES VERSUS 42.4 MILLION RUPEES
MODERN DAIRIES LTD SEPT-QUARTER REVENUE FROM OPERATIONS 801.8 MILLION RUPEES VERSUS 422.9 MILLION RUPEES
Source text for Eikon: ID:nBSE8j3BJw
Further company coverage: MDRD.BO
(([email protected];))
May 12 (Reuters) - Modern Dairies Ltd MDRD.BO:
INDIA'S MODERN DAIRIES LTD MARCH-QUARTER PROFIT 26.2 MILLION RUPEES VERSUS 25.1 MILLION RUPEES
MODERN DAIRIES LTD MARCH-QUARTER REVENUE FROM OPERATIONS 806.8 MILLION RUPEES VERSUS 501.5 MILLION RUPEES
Source text for Eikon: ID:nBSEbHwwh6
Further company coverage: MDRD.BO
(([email protected];))
May 12 (Reuters) - Modern Dairies Ltd MDRD.BO:
INDIA'S MODERN DAIRIES LTD MARCH-QUARTER PROFIT 26.2 MILLION RUPEES VERSUS 25.1 MILLION RUPEES
MODERN DAIRIES LTD MARCH-QUARTER REVENUE FROM OPERATIONS 806.8 MILLION RUPEES VERSUS 501.5 MILLION RUPEES
Source text for Eikon: ID:nBSEbHwwh6
Further company coverage: MDRD.BO
(([email protected];))
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What does Modern Dairies do?
Established in 1992, Modern Dairies Ltd specializes in dairy products including ghee, butter, and infant milk foods. Known for brands like COWBELL and SHWETA, the company has a focus on quality and variety.
Who are the competitors of Modern Dairies?
Modern Dairies major competitors are Sawaliya Food Prod., NHC Foods, TBI Corn, Elfin Agro India, Goyal Salt, Crazy Snacks, DSM Fresh Foods. Market Cap of Modern Dairies is ₹161 Crs. While the median market cap of its peers are ₹158 Crs.
Is Modern Dairies financially stable compared to its competitors?
Modern Dairies seems to be less financially stable compared to its competitors. Altman Z score of Modern Dairies is 4.39 and is ranked 5 out of its 8 competitors.
Does Modern Dairies pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Modern Dairies latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Modern Dairies allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Modern Dairies balance sheet?
Balance sheet of Modern Dairies is strong. But short term working capital might become an issue for this company.
Is the profitablity of Modern Dairies improving?
The profit is oscillating. The profit of Modern Dairies is ₹5.37 Crs for TTM, ₹82.96 Crs for Mar 2025 and ₹34.23 Crs for Mar 2024.
Is the debt of Modern Dairies increasing or decreasing?
Yes, The net debt of Modern Dairies is increasing. Latest net debt of Modern Dairies is ₹1.28 Crs as of Mar-26. This is greater than Mar-25 when it was -₹9.81 Crs.
Is Modern Dairies stock expensive?
Yes, Modern Dairies is expensive. Latest PE of Modern Dairies is 28.24, while 3 year average PE is 4.39. Also latest EV/EBITDA of Modern Dairies is 14.45 while 3yr average is 6.17.
Has the share price of Modern Dairies grown faster than its competition?
Modern Dairies has given better returns compared to its competitors. Modern Dairies has grown at ~-12.81% over the last 1yrs while peers have grown at a median rate of -23.0%
Is the promoter bullish about Modern Dairies?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Modern Dairies is 55.45% and last quarter promoter holding is 55.45%.
Are mutual funds buying/selling Modern Dairies?
The mutual fund holding of Modern Dairies is stable. The current mutual fund holding in Modern Dairies is 0.03% while previous quarter holding is 0.03%.