On Wednesday the small-cap stock gains up to 7% after the company’s subsidiary increased its production capacity. The stock has delivered 44% returns in returns in six months and 38% returns in one year.
Dodla Dairy Limited the company belongs to a small-cap category with a market capitalisation of Rs. 2,125 Cr. On Wednesday the company shares rose up to 7% and closed 3.2% up at Rs. 699.90 on NSE.
According to the company filing, Dodla Dairy’s wholly-owned subsidiary Orgafeed Private Limited commenced new manufacturing of cattle feed plant at Kuppam, Andhra Pradesh and the capacity of the new plant is 12,000 tons per month.
The overall capacity of Orgafeed Private Limited is 14,400 tons per month (the Kadapa plant capacity is 2,400 tons per month and the Kuppam plant capacity is 12,000 tons per month).
As per the company filing, total revenues grew by 15% from Rs. 721.3 Cr in Q1 FY23 to Rs. 830.6 Cr in Q1 FY24 and for the same net profit increased by 40% from Rs. 24.9 Cr to Rs. 34.9 Cr.
As per the latest shareholding information, Promotors hold 62.21%, DIIs hold 20.27%, FIIs hold 8.36% and the public hold a 9.16% stake in the company.
Dodla Dairy Limited is a dairy company that processes/produces and sells milk and milk products. It offers a range of milk products comprising Fresh Milk, Butter, Ghee, Paneer, Curd, Flavoured Milk, Doodh Peda, Ice Cream, and Skimmed Milk Powder. The group sells its products both in and outside of India.
Written by Sheshadri N
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