Modern Dairies Limited - food and beverages in Karnal, Haryana, India. FY 2026 financials & compliance.
CIN L74899HR1992PLC032998 Incorporated 22 April 1992 ROC Haryana HQ Karnal, Haryana, India
Active Listed - BSE: 519287 Public Limited Company food and beverages MSME
Data last updated
Market Cap
₹143 Cr
MODAIRY · BSE
Share Price
₹46.00
+2.45% today
Revenue
₹340 Cr
FY 2025-26 · -2.4% YoY
EBITDA
₹9.83 Cr
Margin 2.9%
Net Profit
₹4.89 Cr
FY 2025-26 · -81.9% YoY
P/E (TTM)
23.0x
P/B 1.9x
ROE
6.0%
ROCE 8.6%
Debt / Equity
0.20
Interest cover 17.1x

About Modern Dairies Limited

Data last updated:

Modern Dairies Limited is a public limited company based in Karnal, Haryana, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 22 April 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L74899HR1992PLC032998. Its GSTIN is 06AABCM1240L1ZQ (Haryana). The company holds 14 GST registrations, of which 6 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 519287.

The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹28.42 Cr. It is led by directors including Krishan Kumar Goyal (Managing Director) and Ashwani Kumar Aggarwal (Whole-Time Director).

Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 136 K.M. G.T. Road Karnal, Haryana, India – 132001.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹339.92 Cr, a decline of 2.3% compared to the previous year. For the same year it recorded a net profit of ₹4.89 Cr (net margin 1.4%) and EBITDA of ₹9.83 Cr (EBITDA margin 2.9%). The net worth stands at ₹55.37 Cr (up 37.2% YoY). Total assets are valued at ₹68.35 Cr (up 39.2% YoY).

As per MCA filings, the company has satisfied charges of ₹644.73 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 1 case is pending.

Modern Dairies Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-HR-10-0022469). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website moderndairies.com.

Company details

CIN L74899HR1992PLC032998
Registration Number 032998
Incorporation Date 22 April 1992
ROC Haryana
Listing Status Listed - Listed on BSE (519287)
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-HR-10-0022469

Recognitions & Rankings of Modern Dairies

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-HR-10-0022469

Contact details

Modern Dairies Limited's registered office is in Karnal, Haryana. Its website is moderndairies.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    136 K.M. G.T. Road Karnal, Haryana, India – 132001
  • Industry
    Food and Beverages, Dairy Products & Milk Processing

To see the full contact details of Modern Dairies Limited, buy the company report.

Comprehensive company report
Modern Dairies Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activity of Modern Dairies is manufacturing. In detail, this covers food, beverages and tobacco products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products

To see the full business activity and turnover split of Modern Dairies Limited, buy the company report.

Financials of Modern Dairies Limited

FY 2025-26 filings available

Modern Dairies Limited reported revenue of ₹339.92 Cr (down 2.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹340 Cr
-2.3% YoY
EBITDA
₹9.83 Cr
-27.6% YoY
Profit After Tax
₹4.89 Cr
-81.9% YoY
Net Worth
₹55.37 Cr
+37.2% YoY
Total Assets
₹68.35 Cr
+39.2% YoY
Total Debt
₹11.57 Cr
+59.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue340348362217241610766
Revenue growth-2.4%-3.7%+66.2%-9.6%-60.6%-20.3%-
EBITDA9.8313.5712.9816.739.82(12.60)8.70
EBITDA margin+2.9%+3.9%+3.6%+7.7%+4.1%-2.1%+1.1%
Profit before tax6.7465.7334.2312.174.95(34.73)3.50
Net profit4.8927.0014.9412.164.95(11.93)3.47
Net profit margin+1.4%+7.8%+4.1%+5.6%+2.1%-2.0%+0.5%
EPS (₹)1.7232.3314.655.202.12(14.87)1.49
Balance sheet
Total assets68.3549.11(52.56)(93.88)(107)(62.11)77.91
Net worth55.3740.36(61.72)(95.92)(108)(113)(78.33)
Total debt11.577.257.860.770.2549.90155
Cash & bank10.298.581.550.246.961.080.89
Net working capital11.56(5.10)(88.78)(128)(140)(97.71)0.23
Cash flow
Cash from operations(4.50)20.1347.4515.1216.786.696.26
Cash from investing(7.48)(3.50)(4.86)(2.97)(1.89)(3.36)(4.92)
Cash from financing13.69(9.60)(41.28)(18.88)(9.01)(3.14)(2.02)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue74.3991.2792.1887.4881.9678.3091.0688.76
Revenue growth (YoY)-9.2%+16.6%+1.2%-1.4%+11.0%-17.1%--
Other income0.280.300.350.350.460.140.2356.39
Total expenses70.6187.4490.5185.0979.2375.2789.3585.99
EBITDA3.783.831.672.392.733.031.712.77
EBITDA margin+5.1%+4.2%+1.8%+2.7%+3.3%+3.9%+1.9%+3.1%
Depreciation0.770.790.780.800.840.840.870.79
Interest0.290.290.300.310.260.240.450.45
Profit before tax3.003.050.941.632.092.090.6257.92
Tax0.760.910.620.400.390.44(17.23)0.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue74.3991.2792.1887.4881.9678.3091.0688.76
Revenue growth (YoY)-9.2%+16.6%+1.2%-1.4%+11.0%-17.1%--
Other income0.280.300.350.350.460.140.2356.39
Total expenses70.6187.4490.5185.0979.2375.2789.3585.99
EBITDA3.783.831.672.392.733.031.712.77
EBITDA margin+5.1%+4.2%+1.8%+2.7%+3.3%+3.9%+1.9%+3.1%
Depreciation0.770.790.780.800.840.840.870.79
Interest0.290.290.300.310.260.240.450.45
Profit before tax3.003.050.941.632.092.090.6257.92
Tax0.760.910.620.400.390.44(17.23)0.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue340348362217241610766
Revenue growth-2.4%-3.7%+66.2%-9.6%-60.6%-20.3%-
Other income1.2957.1428.501.271.650.360.43
Total expenses330335349201231623757
Employee cost16.2815.1913.8012.4011.8011.3310.17
EBITDA9.8313.5712.9816.739.82(12.60)8.70
EBITDA margin+2.9%+3.9%+3.6%+7.7%+4.1%-2.1%+1.1%
Depreciation3.263.153.433.356.4422.455.51
Interest1.121.833.822.480.080.040.12
Profit before tax6.7465.7334.2312.174.95(34.73)3.50
Tax1.85(17.23)0.000.000.000.000.00
Net profit4.8927.0014.9412.164.95(11.93)3.47
Net profit margin+1.4%+7.8%+4.1%+5.6%+2.1%-2.0%+0.5%
EPS (₹)1.7232.3314.655.202.12(14.87)1.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital28.4625.6623.3623.3623.3623.3623.36
Reserves & surplus22.536.82(85.08)(119)(131)(136)(102)
Shareholders' funds (net worth)55.3740.36(61.72)(95.92)(108)(113)(78.33)
Secured loans4.390.000.000.000.2549.90155
Unsecured loans7.187.257.860.770.000.000.00
Total debt11.577.257.860.770.2549.90155
Total liabilities68.3549.11(52.56)(93.88)(107)(62.11)77.91
Assets
Gross block10210096.0410410299.7795.06
Net block29.0531.0329.7228.5929.7534.0074.35
Capital work in progress0.310.431.270.870.000.241.64
Investments6.240.010.010.010.010.010.01
Inventories31.8627.3328.6027.1614.1423.7725.61
Sundry debtors24.0320.5218.7518.933.219.1923.06
Cash & bank balances10.298.581.550.246.961.080.89
Loans & advances8.656.274.674.614.184.823.02
Total current assets74.8362.7053.5750.9428.4938.8652.58
Total current liabilities63.2767.8014217916813752.35
Net working capital11.56(5.10)(88.78)(128)(140)(97.71)0.23
Total assets68.3549.11(52.56)(93.88)(107)(62.11)77.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash8.581.550.246.961.080.891.58
Net cash from operating activities(4.50)20.1347.4515.1216.786.696.26
Net cash from investing activities(7.48)(3.50)(4.86)(2.97)(1.89)(3.36)(4.92)
Net cash from financing activities13.69(9.60)(41.28)(18.88)(9.01)(3.14)(2.02)
Net change in cash1.717.031.31(6.73)5.880.19(0.68)
Closing cash10.298.581.550.246.961.080.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-2.4%-3.7%+66.2%-9.6%-60.6%-20.3%-
EBITDA growth-27.6%+4.6%-22.4%+70.4%+177.9%-244.8%-
PBT growth-89.8%+92.0%+181.3%+145.9%+9998.0%--42.2%
Net income growth-81.9%+80.7%+22.9%+145.7%+141.5%-443.8%-
Revenue CAGR (3Y)+16.1%+13.1%-16.0%-34.3%-24.6%+9.3%+18.7%
EBITDA CAGR (3Y)-16.2%+11.4%-+24.4%-4.6%-2.5%-
Profitability & leverage
Net income margin+1.4%+23.8%+9.5%+5.6%+2.1%-5.7%+0.5%
Return on capital employed+8.6%+15.5%+30.3%+25.2%-230.7%0.0%+1.7%
Return on net worth+6.0%+40.9%+26.5%+21.6%-17.4%0.0%+6.2%
Debt / equity0.200.000.000.000.000.000.00
Long-term debt / equity0.150.000.000.000.000.000.00
Interest cover17.0517.5640.0018.542.37-0.113.76
Efficiency & per share
Fixed asset turnover3.363.543.612.102.386.268.20
Inventory turnover11.4912.4512.9710.5312.6924.7138.87
Debtors turnover15.2617.7319.1919.6538.7937.8328.45
EPS (₹)1.7232.3314.655.202.12(14.87)1.49
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)17.9212.66(26.42)(41.06)(46.25)(48.42)(33.53)

To see the full year-wise statements and ratios of Modern Dairies Limited, buy the company report.

Board of directors of Modern Dairies Limited

Modern Dairies has 5 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Krishan Kumar GoyalManaging Director26 Sep 201214 Years 1 MonthsCurrent
Ashwani Kumar AggarwalWhole-Time Director16 Nov 200916 Years 11 MonthsCurrent
Meena SharmaDirector12 Aug 20224 Years 2 MonthsCurrent
Sanjay KaushikDirector07 Jun 20224 Years 5 MonthsCurrent
Surinder KumarDirector01 Apr 20251 Years 7 MonthsCurrent

Peer comparison

Modern Dairies Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sunrise Dairy Private Limited₹374.36 Cr (FY 2019)12.0%Ahmednagar, Maharashtra, India
Milkyfarm Nutrition Private Limited₹358.33 Cr (FY 2025)-6.0%Nadiad, Gujarat, India
Dauji Milk Food Private Limited₹345.12 Cr (FY 2025)-1.0%Bharatpur, Rajasthan, India
Srirangam Milk Products Private Limited₹340.05 Cr (FY 2025)9.0%Tirupati, Andhra Pradesh, India
Modern Dairies Limitedthis company₹339.92 Cr (FY 2026)₹4.89 Cr1.4%-2.3%Karnal, Haryana, India
Anuj Dairy Private Limited₹332.32 Cr (FY 2025)-5.0%Patna, Bihar, India
Shudh Garhwal Paneer Private Limited₹332.07 Cr (FY 2025)15.0%Delhi, India
Shivprasad Infra Industries Private Limited₹331.84 Cr (FY 2025)40.0%Pune, Maharashtra, India

To see the full peer comparison of Modern Dairies Limited, buy the company report.

Auditor

Modern Dairies Limited is audited by APT & CO LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
APT & CO LLPFY 2024014621C/ N500088

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 55.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 44.60%.

Promoters: 55.40%Retail & Others: 44.60%
Mar 2026
QUARTER
55.40% Promoters
44.60% Retail & Others
Promoter holding - history
Now 55.40% · Mar 2026High 55.40% · Mar 2026Low 50.60% · Jun 2025
49%51%53%55%57%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 50.60%Sep 2025: 50.60%Dec 2025: 50.60%Mar 2026: 55.40%50.60%55.40%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters55.40%50.60%50.60%50.60%
Public44.60%49.40%49.40%49.40%

Charges & borrowings

Open charges
None
Satisfied charges
₹644.73 Cr
Breakdown by lending institutions
Punjab National Bank₹504.06 Cr
Others₹118.68 Cr
Canara Bank₹21.99 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Feb 201210342606Punjab National Bank₹116.62 CrSatisfied
10 Feb 201210342610Others₹71.5 CrSatisfied
31 Jan 201210338114Others₹5.12 CrSatisfied
31 Jan 201210338126Others₹3.18 CrSatisfied
31 Jan 201210338564Canara Bank₹3.1 CrSatisfied

To see the full charge records of Modern Dairies Limited, buy the company report.

Total charge records: 27 View all charges

Credit ratings & regulatory alerts

Modern Dairies Limited was last rated by Care on 12 May 2023.

Rating agencyRated onRating
Care12 May 2023

To see the full credit ratings and regulatory alerts of Modern Dairies Limited, buy the company report.

MSME payment delays

Modern Dairies Limited has 4 MSME Form 1 returns on record between 2020 and 2022, listing 50 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 14)

SupplierAmount dueDue sinceReported on
an individual supplier
Kraft Print N Pack Private Limited
Thakurji Papers
JP Paper Products Private Limited
Patiala Packing Industries

To see the full MSME payment records of Modern Dairies Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Modern Dairies has 14 GST registrations: 6 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
14
Active
6
Cancelled / inactive
8
GSTINStateStatusRegistered on
06AABCM1240L1ZQHaryanaActive01 Jul 2017
03AABCM1871F1ZWPunjabActive01 Jul 2017
07AABCM1240L1ZODelhiActive01 Jul 2017
08AABCM1240L1ZMRajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Modern Dairies Limited, buy the company report.

Recent activity

Modern Dairies Limited has 47 board changes on record since 1992: 26 appointments and 21 cessations. The latest: Surinder Kumar was appointed as Director on 01 Apr 2025.

Filing
Modern Dairies Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Haryana.
AGM
Modern Dairies Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records.
Appointed
Surinder Kumar was appointed as Director.
Charges
A charge registered on 10 Feb 2012 via Charge ID 10342606 with Punjab National Bank was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 10 Feb 2012 via Charge ID 10342610 with Others was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 19 Dec 2011 via Charge ID 10335030 with Punjab National Bank was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 19 Dec 2011 via Charge ID 10335036 with Punjab National Bank was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 22 Jul 2009 via Charge ID 10172198 with Punjab National Bank was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 16 Feb 2008 via Charge ID 10094139 with Punjab National Bank was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 06 Sep 2007 via Charge ID 10071709 with Punjab National Bank was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 24 Mar 2007 via Charge ID 10050363 with Punjab National Bank was fully satisfied on 27 Jan 2025.
Charges
A charge registered on 08 Mar 2006 via Charge ID 10002478 with Punjab National Bank was fully satisfied on 27 Jan 2025.

111 earlier events are in the company report.

Frequently asked questions

Modern Dairies is an active public limited company based in Karnal, Haryana, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 22 April 1992 (34+ years old) and is registered under CIN L74899HR1992PLC032998. Listed on BSE: 519287.

Modern Dairies reported revenue of ₹339.92 Cr for FY 2025-26 (down 2.3% YoY) based on standalone financials.

Modern Dairies has 5 current directors:

The latest financial statements of Modern Dairies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Modern Dairies is 06AABCM1240L1ZQ, registered in Haryana. The company has 14 GST registrations in all, of which 6 are active and 8 are cancelled or inactive. Other active GSTINs include 03AABCM1871F1ZW (Punjab), 07AABCM1240L1ZO (Delhi), 08AABCM1240L1ZM (Rajasthan).

The CIN (Corporate Identification Number) of Modern Dairies is L74899HR1992PLC032998. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Modern Dairies is a listed company as per MCA records. Its shares are listed on BSE (code: 519287).

Modern Dairies has 10 court cases on record: 8 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.

Modern Dairies was incorporated on 22 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Haryana.

The peers of Modern Dairies by revenue are Sunrise Dairy Private Limited, Milkyfarm Nutrition Private Limited, Dauji Milk Food Private Limited, Srirangam Milk Products Private Limited, Anuj Dairy Private Limited and 2 more, all in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).

Surinder Kumar was appointed as Director on 01 Apr 2025. Ajay Kumar Sharma ceased to be Director on 02 Jan 2025. Avtar Krishan Vashisht ceased to be Director on 30 Sep 2022. Modern Dairies has 47 board changes on record in total.

Yes, Modern Dairies is registered as an MSME under Udyam registration (number: UDYAM-HR-10-0022469).