Milton Industries Ltd

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Milton Industri. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Milton Industries Ltd

₹ 33.8 -4.93%
09 Oct - close price
miltonindustries.in NSE - SME: MILTON
About

Incorporated in 1985, Milton Industries Ltd primarily operates in laminate segments.[1]

Key Points

Business Overview:[1]
MIL is an ISO 9001:2008 certified co. engaged in manufacturing of Laminates,
Artificial Leather Cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets. Initially,
the company was engaged in manufacturing of laminates and further diversified into the manufacturing and export of Artificial Leather cloth, GFRE Sheets, DGFRP, CCL and NAFTC.

The products of the company are primarily used in real estate and artificial leather and polymers in Indian railways and roadways. In addition, the company also has a High-Pressure Hydraulic Press in which it manufactures 12 x 6 size of compact laminate which is mostly in demand in Europe, America, and Australia.

Website NSE - SM
  • Market Cap ₹ 57.4 Cr.
  • Current Price ₹ 33.8
  • High / Low ₹ 53.5 / 24.8
  • Stock P/E 31.9
  • Book Value ₹ 29.0
  • Dividend Yield 0.00 %
  • ROCE 5.98 %
  • ROE 3.72 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.16 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.92% over past five years.
  • Company has a low return on equity of 4.43% over last 3 years.
  • Company has high debtors of 163 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates

Part of Nifty SME Emerge

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Half Yearly Results

Figures in Rs. Crores

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
39.43 18.83 23.35 25.59 34.07 29.40 31.55 41.10 47.96 22.26 21.92 22.01 24.40
33.71 15.63 20.30 23.20 30.17 26.85 28.25 38.97 43.07 20.93 20.59 19.98 22.01
Operating Profit 5.72 3.20 3.05 2.39 3.90 2.55 3.30 2.13 4.89 1.33 1.33 2.03 2.39
OPM % 14.51% 16.99% 13.06% 9.34% 11.45% 8.67% 10.46% 5.18% 10.20% 5.97% 6.07% 9.22% 9.80%
-0.56 0.34 0.21 0.58 0.12 0.18 0.09 0.01 0.23 0.58 1.21 0.02 0.77
Interest 1.18 0.99 0.78 0.81 0.47 0.40 0.57 0.86 1.02 0.81 0.88 0.79 0.77
Depreciation 0.80 0.69 0.60 0.64 0.80 0.72 0.35 0.54 0.55 0.55 0.62 0.58 0.62
Profit before tax 3.18 1.86 1.88 1.52 2.75 1.61 2.47 0.74 3.55 0.55 1.04 0.68 1.77
Tax % 44.34% 0.00% 57.98% 0.00% 36.73% 0.00% 48.58% 0.00% 31.27% 0.00% 30.77% 0.00% 36.72%
1.77 1.86 0.79 1.51 1.74 1.60 1.27 0.75 2.44 0.55 0.72 0.68 1.12
EPS in Rs 1.04 1.09 0.46 0.89 1.02 0.94 0.75 0.44 1.44 0.32 0.42 0.40 0.66
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
41.60 41.99 43.47 39.01 53.79 68.16 42.19 59.66 60.95 89.06 44.17 46.41
38.42 37.60 38.78 34.69 49.40 59.92 35.94 53.38 55.10 82.04 41.51 41.99
Operating Profit 3.18 4.39 4.69 4.32 4.39 8.24 6.25 6.28 5.85 7.02 2.66 4.42
OPM % 7.64% 10.45% 10.79% 11.07% 8.16% 12.09% 14.81% 10.53% 9.60% 7.88% 6.02% 9.52%
0.68 0.05 0.17 0.59 1.49 0.13 0.55 0.70 0.27 0.24 1.75 0.79
Interest 2.06 2.15 2.29 2.31 1.88 2.06 1.77 1.28 0.97 1.88 1.69 1.56
Depreciation 0.85 1.05 1.27 1.27 1.24 1.41 1.29 1.45 1.08 1.09 1.17 1.20
Profit before tax 0.95 1.24 1.30 1.33 2.76 4.90 3.74 4.25 4.07 4.29 1.55 2.45
Tax % 33.68% 82.26% 27.69% 2.26% 28.99% 28.78% 29.14% 23.53% 29.48% 25.64% 23.23% 26.94%
0.63 0.22 0.94 1.30 1.96 3.48 2.65 3.25 2.87 3.19 1.20 1.80
EPS in Rs 1.15 0.40 1.71 0.76 1.15 2.05 1.56 1.91 1.69 1.88 0.71 1.06
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: 2%
3 Years: -9%
TTM: 5%
Compounded Profit Growth
10 Years: 23%
5 Years: -7%
3 Years: -14%
TTM: 50%
Stock Price CAGR
10 Years: %
5 Years: 15%
3 Years: 8%
1 Year: 23%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 4%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5.00 5.00 5.00 15.45 15.45 17.00 17.00 17.00 17.00 17.00 17.00 17.00
Reserves 6.92 7.17 8.27 13.40 15.36 17.30 19.94 23.20 26.07 29.25 30.45 32.25
20.56 23.58 22.84 21.89 16.39 16.39 12.68 8.89 16.46 15.22 20.42 16.93
15.19 12.76 19.52 18.82 15.64 20.62 14.71 12.63 14.56 11.68 8.15 8.81
Total Liabilities 47.67 48.51 55.63 69.56 62.84 71.31 64.33 61.72 74.09 73.15 76.02 74.99
5.50 12.63 12.24 10.98 10.82 12.27 13.21 12.66 12.41 11.58 10.94 10.07
CWIP 6.32 0.42 0.28 0.47 0.04 0.00 0.24 0.00 0.00 0.00 0.45 0.95
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
35.85 35.46 43.11 58.11 51.98 59.04 50.88 49.06 61.68 61.57 64.63 63.97
Total Assets 47.67 48.51 55.63 69.56 62.84 71.31 64.33 61.72 74.09 73.15 76.02 74.99

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5.07 1.32 3.26 -11.30 6.30 5.20 7.71 8.10 -8.35 2.24 -2.76 7.91
-6.21 -2.21 -0.51 0.29 0.75 -3.06 -2.00 -0.33 0.78 -0.02 0.57 -0.04
1.21 1.13 -2.78 11.35 -7.13 -1.64 -5.37 -5.10 6.22 -3.13 3.51 -5.05
Net Cash Flow 0.07 0.23 -0.04 0.33 -0.08 0.51 0.34 2.67 -1.34 -0.90 1.32 2.82
Free Cash Flow -1.18 -0.94 2.58 -11.51 5.65 2.37 5.24 7.45 -7.63 2.22 -3.74 7.08
CFO/OP 167% 39% 74% -256% 151% 69% 148% 157% -115% 31% -60% 190%

Ratios

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 69.58 86.40 129.56 155.60 140.87 148.55 225.02 123.46 158.64 100.49 169.73 163.11
Inventory Days 241.30 243.04 251.87 362.46 176.81 154.33 302.38 218.04 225.10 145.20 381.05 372.31
Days Payable 122.74 69.80 144.34 179.53 90.30 97.73 137.65 76.09 97.60 39.45 72.31 71.57
Cash Conversion Cycle 188.13 259.64 237.08 338.52 227.38 205.16 389.75 265.41 286.14 206.24 478.47 463.85
Working Capital Days 84.84 77.02 75.40 216.79 170.32 142.66 258.24 171.06 189.96 148.69 293.60 262.29
ROCE % 8.67% 9.94% 9.99% 8.41% 9.48% 14.22% 10.99% 11.20% 9.28% 10.20% 5.01% 5.98%

Insights

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Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2025
Artificial Leather & PVC Capacity Utilization
%

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Laminates Capacity Utilization
%
Rexine (Artificial Leather) Revenue Share
%
Artificial Leather & PVC Installed Capacity
km per annum
GFRE Sheets Capacity Utilization
%
GFRE Sheets Installed Capacity
MTPA
Laminates Installed Capacity
MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

41 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Sep 2025Mar 2026
72.96% 72.96% 72.96% 72.96% 72.96% 72.96% 72.96% 72.96% 72.96% 72.96% 72.96% 72.96%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.26% 0.26% 0.26% 0.26% 0.26% 0.00%
27.04% 27.04% 27.04% 27.04% 27.04% 27.04% 26.78% 26.78% 26.78% 26.78% 26.78% 27.04%
No. of Shareholders 288289297297290265273258252243241229

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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