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Milton Industries Overview

Milton Industries Ltd is an India-based organisation engaged in production of laminates, synthetic leather material and glass fiber bolstered epoxy (GFRE) sheets in the state of Gujarat, India. The Company manufactures and exports high-pressure laminates, business Laminates, laminated board, floors laminates, GFRE Sheets and different allied products. It additionally produces exceptional textures for vertical utility and decorative thermosating artificial resin bonded laminate sheets. It manufactures natural and artificial fiber thermoset compo...Read More

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Milton Industries Key Financials

Market Cap ₹76 Cr.

Stock P/E 63.9

P/B 1.6

Current Price ₹45

Book Value ₹ 27.9

Face Value 10

52W High ₹53.5

Dividend Yield 0%

52W Low ₹ 24.9

Milton Industries Share Price

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Volume
Price

Milton Industries Quarterly Price

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Milton Industries Peer Comparison

Milton Industries Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Milton Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 42 42 43 38 54 68 42 60 61 89 44
Other Income 1 0 0 1 1 0 1 1 0 0 2
Total Income 42 42 44 39 55 68 43 60 61 89 46
Total Expenditure 38 38 39 34 49 60 36 53 55 82 42
Operating Profit 4 4 5 5 6 8 7 7 6 7 4
Interest 2 2 2 2 2 2 2 1 1 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 1 1 3 5 4 4 4 4 2
Provision for Tax 0 1 0 0 1 1 1 1 1 1 0
Profit After Tax 1 0 1 1 2 3 3 3 3 3 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 1 1 2 3 3 3 3 3 1
Adjusted Earnings Per Share 0 0 0.8 0.8 1.2 2 1.6 1.9 1.7 1.9 0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -51% -10% -8% 0%
Operating Profit CAGR -43% -17% -13% 0%
PAT CAGR -67% -31% -20% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 34% 16% 14% NA%
ROE Average 3% 6% 6% 7%
ROCE Average 5% 8% 9% 10%

Milton Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 12 12 13 29 31 34 37 40 43 46 47
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 10 9 8 6 5 5 7 4 4 3 2
Other Non-Current Liabilities 1 2 1 1 1 1 1 1 1 2 1
Total Current Liabilities 25 25 33 34 26 31 19 16 26 22 25
Total Liabilities 48 49 56 70 63 71 64 62 74 73 76
Fixed Assets 6 13 12 11 11 12 13 13 12 12 11
Other Non-Current Assets 7 1 1 1 0 0 1 0 1 1 1
Total Current Assets 35 35 43 58 52 59 51 49 61 61 64
Total Assets 48 49 56 70 63 71 64 62 74 73 76

Milton Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 1 1 1 1 2 4 3 2
Cash Flow from Operating Activities 5 1 3 -11 6 5 8 8 -8 2 -3
Cash Flow from Investing Activities -6 -2 -1 0 0 -3 -2 -1 -1 -0 1
Cash Flow from Financing Activities 1 1 -3 11 -7 -2 -5 -5 8 -3 4
Net Cash Inflow / Outflow -0 0 -0 0 -0 1 0 2 -1 -1 1
Closing Cash & Cash Equivalent 1 1 1 1 1 1 2 4 3 2 4

Milton Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 0.76 0.76 1.16 2.05 1.56 1.91 1.69 1.88 0.7
CEPS(Rs) 1.18 1.17 1.79 1.51 1.88 2.88 2.32 2.76 2.32 2.52 1.39
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 10.68 16.96 18.13 20.18 21.74 23.65 25.34 27.21 27.92
Core EBITDA Margin(%) 7 9.51 10.16 10.6 8.17 12.07 14.81 10.54 9.59 7.88 6.03
EBIT Margin(%) 6.62 7.33 7.78 8.96 8.63 10.18 13.05 9.29 8.27 6.93 7.35
Pre Tax Margin(%) 2.09 2.68 2.82 3.28 5.14 7.16 8.86 7.14 6.68 4.82 3.52
PAT Margin (%) 1.34 0.84 2.04 3.2 3.65 5.09 6.28 5.45 4.71 3.58 2.71
Cash Profit Margin (%) 3.22 3.13 4.79 6.31 5.95 7.16 9.34 7.87 6.47 4.8 5.35
ROA(%) 1.37 0.81 1.81 2.08 2.97 5.19 3.91 5.16 4.23 4.33 1.61
ROE(%) 5.27 3.23 7.41 6.18 6.59 10.69 7.44 8.43 6.89 7.14 2.56
ROCE(%) 9.84 9.92 10 8.4 9.49 14.21 10.98 11.23 9.28 10.21 5.02
Receivable days 63.19 70.67 100.19 143.92 126.87 129.55 232.5 141.28 139.71 104.53 186.15
Inventory Days 160.88 155.48 160.75 211.8 147.05 92.81 149.56 118.86 133.95 99.19 217.97
Payable days 108.59 99.84 103.48 184.86 109.35 90.34 161.86 78.86 84.53 49.2 82.71
PER(x) 0 0 0 28.48 9.99 4.15 7.31 10.45 12.47 20.77 41.37
Price/Book(x) 0 0 0 1.28 0.64 0.42 0.52 0.85 0.83 1.43 1.04
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.6 0.66 0.62 1.53 0.65 0.43 0.72 0.64 0.81 0.89 1.5
EV/Core EBITDA(x) 6.48 6.27 5.57 11.77 5.96 3.51 4.45 5.49 8.03 10.9 15.04
Net Sales Growth(%) -8.34 0.92 3.52 -12.77 41.87 26.71 -38.1 41.41 2.17 46.11 -50.4
EBIT Growth(%) -3.2 12.36 6.19 1.44 27.41 49.81 -20.87 0.64 -9.02 22.52 -47.43
PAT Growth(%) -18.58 -36.28 142.74 37.65 51.21 77.16 -23.88 22.77 -11.79 11.11 -62.43
EPS Growth(%) 0 0 142.74 0.24 51.22 77.15 -23.88 22.77 -11.78 11.11 -62.43
Debt/Equity(x) 1.74 1.92 1.73 0.76 0.53 0.48 0.34 0.22 0.38 0.33 0.43
Current Ratio(x) 1.41 1.38 1.29 1.72 2.01 1.92 2.68 3.01 2.35 2.72 2.56
Quick Ratio(x) 0.6 0.62 0.64 0.96 1.33 1.36 1.75 1.69 1.44 1.6 1.45
Interest Cover(x) 1.46 1.57 1.57 1.58 2.47 3.37 3.11 4.33 5.2 3.28 1.92
Total Debt/Mcap(x) 0 0 0 0.59 0.84 1.14 0.65 0.26 0.46 0.23 0.41

Milton Industries Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 72.96 72.96 72.96 72.96 72.96 72.96 72.96 72.96 72.96 72.96
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 27.04 27.04 27.04 27.04 27.04 27.04 27.04 27.04 27.04 27.04
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Milton Industries News

Milton Industries Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from 49.2 to 82.71days.
  • The company has delivered a poor profit growth of -19% over past five years.
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