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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
[ICRA]B+(Stable)
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 26 Nov 2015
This rating is over a year old.
View Full ReportValuation
Financials (FY2023-24)
Source: CRISILInvestment Thesis
Asian Lakto Industries Limited participates in India's large and growing dairy sector from a strategically located base in Anand, Gujarat. The structural demand story for Indian dairy is strong, but competing against Amul and other established players in the same region presents a significant challenge. The very low share price suggests limited scale or investor interest, and detailed due diligence with audited financials is essential before investing.
Pros
Cons
Business Segments
Dairy Products
Manufacture and sale of dairy products; other dairy products classification (NIC: U15209).
Fruit Juices & Beverages
Manufacturing of mango, apple, litchi juices and carbonated soft drinks for retail market.
Packaged Drinking Water
Manufacture and distribution of packaged drinking water brands.
Revenue Model
Asian Lakto Industries generates revenue through the processing and sale of milk and dairy products including fresh milk, ghee, butter, paneer, curd, and other value-added dairy items. Revenue is driven by milk procurement volumes, product mix, and prevailing dairy commodity prices in the domestic Indian market.
Detailed Analysis
Growth Plans
Growing Indian consumer demand for packaged and value-added dairy products
Increasing health consciousness driving protein and dairy consumption
Rural-to-urban migration increasing demand for branded packaged dairy
Export potential for ghee and other dairy products to GCC and diaspora markets
Industry Tailwinds
Recent Developments
India's dairy industry continues to grow, with organised players capturing an increasing share of the total milk market. Value-added dairy products like cheese, yoghurt, and protein beverages are among the fastest-growing categories.
2024-01Gujarat remains the largest milk-producing state in India, with ongoing investments in processing capacity and cold chain logistics benefiting local dairy processors.
2023-09Comparable Companies
PARAGMILK · ~2,000 Cr
Frequently Asked Questions
About Asian Lakto Industries Limited
Asian Lakto Industries Limited is an Anand, Gujarat-based dairy products company incorporated in 2000. Operating in the heart of India's dairy belt, the company leverages Gujarat's rich dairy heritage — home to the Amul cooperative and the world's largest dairy cooperative movement — to manufacture and market dairy and lacto products. Anand district is synonymous with India's White Revolution, and companies operating from this region benefit from established milk procurement networks, technical expertise, and proximity to raw milk sources. Asian Lakto's product range likely includes dairy staples such as ghee, butter, cheese, milk powder, and value-added dairy products. The Indian dairy industry is among the world's largest, with India being the biggest milk producer globally at over 230 million metric tonnes annually. The organised dairy sector has been growing at 15-20% driven by cold chain improvements, rising demand for branded dairy products, and increasing consumer preference for quality-assured dairy. Asian Lakto competes in a segment dominated by large players including Amul, Mother Dairy, and Nestlé, but mid-sized regional players can carve out niches through specialised products, regional distribution strengths, and private label supply to retailers.
Key Milestones
Incorporated 2000 in Gujarat/Punjab (CIN: U15209GJ2000PLC038054)
Manufacturing facility at Jandiali, Ludhiana, Punjab — Punjab food processing hub
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Growing Indian consumer demand for packaged and value-added dairy products
Increasing health consciousness driving protein and dairy consumption
Rural-to-urban migration increasing demand for branded packaged dairy
Export potential for ghee and other dairy products to GCC and diaspora markets
Industry Headwinds
Amul's continued expansion into new product categories and geographies
Rising animal fodder prices increasing milk procurement costs
Climate change and water stress affecting cattle productivity in Gujarat
Raw milk cost volatility directly impacts margins
Source: Company Financial Filings
Intense competition from Amul, Mother Dairy, and national dairy brands
Source: AlphaHub Research
Limited public financial disclosures
Source: Media Reports / Public Records
Cold chain logistics complexity and capital intensity
Source: AlphaHub Research
CRISIL rating of [ICRA]B+(Stable) — sub-investment grade; indicates elevated credit risk
Source: CRISIL
Amul dominates India's dairy market, especially in Gujarat, with unparalleled brand recognition, distribution, and procurement scale. Smaller processors face significant competitive pressure.
Milk procurement prices fluctuate seasonally and with fodder prices; rising procurement costs can compress margins significantly.
Dairy products are highly perishable, requiring substantial cold chain infrastructure investment and efficient logistics management.
Subject to FSSAI food safety regulations, milk quality standards, and dairy sector-specific rules; non-compliance can result in product recalls or operational shutdowns.
Small scale limits bargaining power with retailers and distributors and restricts marketing investment relative to larger peers.
HERITGFOOD · ~3,000 Cr
HATSUN · ~15,000 Cr
Revenue Rs.37.7 Cr (FY24); portfolio spans dairy, juices, beverages, packaged water
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