Milton Industries Ltd.

•

miltonindustries.inBSE: -NSE: MILTON

Market Cap₹ 62 Cr.

Current Price

High / Low₹ 54 / 25

Stock P/E34.5

Book Value₹ 28

Price to Book1.04

Dividend Yield0.00 %

ROCE5.0 %

ROE2.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • GFRE sheets: 73.8% • Rexine Division: 17.4% • Laminate Divison: 8.7%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (112.6% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 5.5% over last 3 years
Company has a low return on capital employed of 8.2%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.22x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesConstruction MaterialsLaminates/Decoratives

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	GREENLAM	241.30	66.25	6156.71	0.17	21.24	235.20	796.70	18.24	8.38	10.02
2.	STYLAMIND	3264.75	32.59	5533.12	0.00	48.16	70.35	326.47	15.37	27.05	21.09
3.	EUROPRATIK	260.85	30.93	2665.89	0.08	20.05	115.65	103.33	60.13	53.39	25.79
4.	RUSHIL	16.09	20.72	472.11	0.31	1.98	114.09	229.00	27.82	10.20	7.95
5.	WIPL	162.99	63.46	138.34	0.61	-0.30	-188.24	26.49	-8.69	4.19	-0.23
6.	AIROLAM	86.51	23.54	129.78	0.00	0.25	-91.05	57.93	3.14	7.36	5.66
7.	MILTON	36.50	34.52	62.03	0.00	—	—	—	—	5.02	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	42	43	38	54	68	42	60	61	89	44
	38	39	34	49	60	36	53	55	82	42
Operating Profit	4	5	5	6	8	7	7	6	7	4
OPM %	11	11	13	11	12	16	12	10	8	10
Other Income	0	0	1	1	0	1	1	0	0	2
Interest	2	2	2	2	2	2	1	1	2	2
Depreciation	1	1	1	1	1	1	1	1	1	1
	1	1	1	3	5	4	4	4	4	2
Tax %	69	28	3	29	29	29	24	30	26	23
Net Profit	0	1	1	2	3	3	3	3	3	1
EPS	0	1	0	1	2	2	2	2	2	1
Dividend Payout %	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	1	1	2	2	2	2	2	1

COMPOUNDED SALES GROWTH

10 Years:: 1%
5 Years:: -8%
3 Years:: -10%

COMPOUNDED PROFIT GROWTH

10 Years:: 7%
5 Years:: -19%
3 Years:: -28%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 15%
3 Years:: 14%
1 Year:: 26%

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 6%
3 Years:: 6%
Last Year:: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	5	5	15	15	17	17	17	17	17	17
	7	8	13	15	17	20	23	26	29	30
	13	13	14	10	11	4	4	12	12	18
Trade Payables	6	12	13	9	11	8	7	10	7	5
	18	17	14	13	15	16	10	9	8	6
Total Liabilities	49	56	70	63	71	64	62	74	73	76
ASSETS	-	-	-	-	-	-	-	-	-	-
	13	12	11	11	12	13	13	12	12	11
Capital Work in Progress	0	0	0	0	0	0	0	0	0	1
	19	22	26	18	17	18	21	23	25	28
	0	0	0	0	0	0	0	0	25	21
Cash & Bank	1	1	1	1	1	2	4	3	2	4
	16	21	31	33	41	32	23	35	10	13
Total Assets	49	56	70	63	71	64	62	74	73	76
Total Debt	24	23	22	16	16	13	9	16	15	20
Net Working Capital	10	10	24	26	28	32	32	35	39	39
Contingent Liabilities	0	3	2	4	3	2	2	2	1	1
Book Value per Share	24.51	26.45	18.66	19.94	20.18	21.74	23.65	25.34	27.21	27.92
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	3	-11	6	5	8	8	-8	2	-3
Cash from Investing	-2	-1	0	0	-3	-2	-1	-1	-0	1
Cash from Financing	1	-3	11	-7	-2	-5	-5	8	-3	4
	0	-0	0	-0	1	0	2	-1	-1	1
Free Cash Flow	-1	3	-11	6	2	5	7	-9	2	-4
OCF / Net Profit	3.74	3.45	-8.70	3.21	1.50	2.91	2.49	-2.91	0.70	-2.31
Cumulative 5-Year FCF	0	0	0	0	-2	4	9	12	8	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.78	1.89	0.84	1.27	2.05	1.56	1.91	1.69	1.88	0.70
Book Value (₹)	24.51	26.45	18.66	19.94	20.18	21.74	23.65	25.34	27.21	27.92
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.17	1.79	1.51	1.88	2.88	2.32	2.76	2.32	2.52	1.39
PROFITABILITY
Operating Margin %	9.62%	10.52%	12.08%	10.93%	12.25%	16.11%	11.71%	10.03%	7.88%	6.03%
Net Margin %	0.84%	2.04%	3.20%	3.65%	5.09%	6.28%	5.45%	4.71%	3.58%	2.71%
ROE %	3.23%	7.41%	6.18%	6.59%	10.69%	7.44%	8.43%	6.89%	7.14%	2.56%
ROCE %	9.92%	10.00%	8.40%	9.49%	14.21%	10.98%	11.23%	9.28%	10.21%	5.02%
	0.81%	1.81%	2.08%	2.97%	5.19%	3.91%	5.16%	4.23%	4.33%	1.61%
EFFICIENCY
Debtor Days	71	100	144	127	130	232	141	140	105	186
Inventory Days	155	161	212	147	93	150	119	134	99	218
Payable Days	100	103	185	109	90	162	79	85	49	83
	126	157	171	165	132	220	181	189	155	321
FINANCIAL HEALTH
Debt to Equity (x)	1.92x	1.73x	0.76x	0.53x	0.48x	0.34x	0.22x	0.38x	0.33x	0.43x
Interest Coverage (x)	1.57x	1.57x	1.58x	2.47x	3.37x	3.11x	4.33x	5.20x	3.28x	1.92x
	1.38x	1.29x	1.72x	2.01x	1.92x	2.68x	3.01x	2.35x	2.72x	2.56x
GROWTH
Revenue Growth %	0.92%	3.52%	-12.77%	41.87%	26.71%	-38.10%	41.41%	2.17%	46.11%	-50.40%
Operating Profit Growth %	14.87%	9.56%	1.01%	19.72%	42.37%	-18.82%	2.78%	-12.45%	18.74%	-39.22%
Net Profit Growth %	-36.28%	142.74%	37.65%	51.21%	77.16%	-23.88%	22.77%	-11.79%	11.11%	-62.43%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.11%	-62.43%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	20.77x	41.37x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.43x	1.04x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.90x	15.04x

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Sep 2025	Mar 2026
	72.96	72.96	72.96	72.96	72.96	72.96	72.96	72.96
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.04	27.04	27.04	27.04	27.04	27.04	27.04	27.04

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for MILTON

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Milton Industries Ltd.

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Free 5nance Account

Name

GREENLAM

241.30

66.25

6156.71

0.17

21.24

235.20

796.70

18.24

8.38

10.02

STYLAMIND

3264.75

32.59

5533.12

0.00

48.16

70.35

326.47

15.37

27.05

21.09

EUROPRATIK

260.85

30.93

2665.89

0.08

20.05

115.65

103.33

60.13

53.39

25.79

RUSHIL

16.09

20.72

472.11

0.31

1.98

114.09

229.00

27.82

10.20

7.95

WIPL

162.99

63.46

138.34

0.61

-0.30

-188.24

26.49

-8.69

4.19

-0.23

AIROLAM

86.51

23.54

129.78

0.00

0.25

-91.05

57.93

3.14

7.36

5.66

MILTON

36.50

34.52

62.03

0.00

—

5.02

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

OPM %

Other Income

Interest

Depreciation

Tax %

Net Profit

EPS

Dividend Payout %

Minority Interest

Share of Associates

Adjusted EPS

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

Trade Payables

Total Liabilities

ASSETS

Capital Work in Progress

Cash & Bank

Total Assets

Total Debt

Net Working Capital

Contingent Liabilities

Book Value per Share

24.51

26.45

18.66

19.94

20.18

21.74

23.65

25.34

27.21

27.92

Face Value

10.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-11

-8

-3

Cash from Investing

-2

-1

-3

-2

-1

-0

Cash from Financing

-3

-7

-2

-5

-3

-0

-1

Free Cash Flow

-1

-11

-9

-4

OCF / Net Profit

3.74

3.45

-8.70

3.21

1.50

2.91

2.49

-2.91

0.70

-2.31

Cumulative 5-Year FCF

-2

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

0.78

1.89

0.84

1.27

2.05

1.56

1.91

1.69

1.88

0.70

Book Value (₹)

24.51

26.45

18.66

19.94

20.18

21.74

23.65

25.34

27.21

27.92

Dividend per Share (₹)

0.00

Cash EPS (₹)

1.17

1.79

1.51

1.88

2.88

2.32

2.76

2.32

2.52

1.39

PROFITABILITY

Operating Margin %

9.62%

10.52%

12.08%

10.93%

12.25%

16.11%

11.71%

10.03%

7.88%

6.03%

Net Margin %

0.84%

2.04%

3.20%

3.65%

5.09%

6.28%

5.45%

4.71%

3.58%

2.71%

ROE %

3.23%

7.41%

6.18%

6.59%

10.69%

7.44%

8.43%

6.89%

7.14%

2.56%

ROCE %

9.92%

10.00%

8.40%

9.49%

14.21%

10.98%

11.23%

9.28%

10.21%

5.02%

0.81%

1.81%

2.08%

2.97%

5.19%

3.91%

5.16%

4.23%

4.33%

1.61%

EFFICIENCY

Debtor Days

100

144

127

130

232

141

140

105

186

Inventory Days

155

161

212

147

150

119

134

218

Payable Days

100

103

185

109

162

126

157

171

165

132

220

181

189

155

321

FINANCIAL HEALTH

Debt to Equity (x)

1.92x

1.73x

0.76x

0.53x

0.48x

0.34x

0.22x

0.38x

0.33x

0.43x

Interest Coverage (x)

1.57x

1.58x

2.47x

3.37x

3.11x

4.33x

5.20x

3.28x

1.92x

1.38x

1.29x

1.72x

2.01x

1.92x

2.68x

3.01x

2.35x

2.72x

2.56x

GROWTH

Revenue Growth %

0.92%

3.52%

-12.77%

41.87%

26.71%

-38.10%

41.41%

2.17%

46.11%

-50.40%

Operating Profit Growth %

14.87%

9.56%

1.01%

19.72%

42.37%

-18.82%

2.78%

-12.45%

18.74%

-39.22%

Net Profit Growth %

-36.28%

142.74%

37.65%

51.21%

77.16%

-23.88%

22.77%

-11.79%

11.11%

-62.43%

0.00%

11.11%

-62.43%

VALUATION

P/E (x)

0.00x

20.77x

41.37x

P/B (x)

0.00x

1.43x

1.04x

Dividend Yield %

0.00%

0.00x

10.90x

15.04x

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Sep 2025

Mar 2026

72.96

FIIs

0.00

DIIs

0.00

Government

0.00

27.04

Milton Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Milton Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI