Milkfoods Limited is a Small-cap company with a market capitalization of Rs. 281.75 cr. It operates in the FMCG industry of the country. Casein and Whey Powder are the prime milk extracts that are exclusively produced by Milkfoods Limited. Patiala based Milkfood Limited was established in 1973. Its main products are milk powder and pure ghee, but it also sells quality casein and demineralized whey powder. Milkfood Limited has facilities in Hamira (Jalandhar, Punjab) and Moradabad (Uttar Pradesh) apart from its Patiala factory. Milkfood, a division of Jagatjit Group, is headquartered in Delhi. The record date for the company’s 25% interim dividend falls next week.
The company said in a stock exchange filing that “Pursuant to Regulation 30 and 43 (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today has declared payment for Interim Dividend @ 25% i.e. Rs.2.50 per Equity Share.10/- each fully paid on Equity Shares of the Company for the Financial Year 2022-23. The Board of Directors of the Company has on Wednesday, the 30th November, 2022 fixed as the record date for the purpose of determining the names of the members who shall be entitled to receive the interim dividend.”
the firm earned a net profit 4.93 crore on a consolidated basis in Q2FY23 as against 2.50 crore in Q2FY22, showing a YoY growth of 97.20%. Sales grew 67.61% YoY 103.40 crore in the quarter ending September 2022 as compared to 61.69 crore as declared in the year-ago quarter. In Q2FY23, the firm reported an EPS of 10.08 per share, up from 5.11 in Q2FY22.
Milkfood shares closed on Friday Closes at 576.60, down 1.79% from previous close 587.10. A total volume of 415 shares was recorded against the stock. 1,977 shares. In the last 5 years, the stock has given a multibagger return of 157.09% and in the last 3 years, the stock has gained 35%. The stock has climbed 62.49% over the past year, and has given 2022 a 52.52% year-to-date (YTD) momentum.
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