Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18.83 | 23.35 | 25.59 | 34.07 | 29.40 | 31.55 | 41.10 | 47.96 | 22.26 | 21.92 | 22.01 | 24.40 |
| Expenses | 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 | 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 % | 16.99% | 13.06% | 9.34% | 11.45% | 8.67% | 10.46% | 5.18% | 10.20% | 5.97% | 6.07% | 9.22% | 9.80% |
| Other Income | 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 | 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 | 0.69 | 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 | 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 % | 0.00% | 57.98% | 0.00% | 36.73% | 0.00% | 48.58% | 0.00% | 31.27% | 0.00% | 30.77% | 0.00% | 36.72% |
| Net Profit | 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 | 1.09 | 0.46 | 0.89 | 1.02 | 0.94 | 0.75 | 0.44 | 1.44 | 0.32 | 0.42 | 0.40 | 0.66 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 41.60 | 41.99 | 43.47 | 39.01 | 53.79 | 68.16 | 42.19 | 59.66 | 60.95 | 89.06 | 44.17 | 46.41 |
| Expenses | 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% |
| Other Income | 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% |
| Net Profit | 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% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 1% | 2% | -9% | 5% | ||
| Compounded Profit Growth | 23% | -7% | -14% | 50% | ||
| Stock Price CAGR | % | 14% | 11% | 28% | ||
| Return on Equity | 6% | 6% | 4% | 4% |
| 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 |
| Borrowings | 20.56 | 23.58 | 22.84 | 21.89 | 16.39 | 16.39 | 12.68 | 8.89 | 16.46 | 15.22 | 20.42 | 16.93 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 5.07 | 1.32 | 3.26 | -11.30 | 6.30 | 5.20 | 7.71 | 8.10 | -8.35 | 2.24 | -2.76 | 7.91 |
| Cash from Investing Activity | -6.21 | -2.21 | -0.51 | 0.29 | 0.75 | -3.06 | -2.00 | -0.33 | 0.78 | -0.02 | 0.57 | -0.04 |
| Cash from Financing Activity | 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% |
| 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% |
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0.00% |
| Public | 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 | 288 | 289 | 297 | 297 | 290 | 265 | 273 | 258 | 252 | 243 | 241 | 229 |
Fundamentals
Market Cap₹ 59.6 Cr.
Current Price₹ 35.1
Stock P/E33.1
Book Value₹ 29.0
ROCE5.98 %
ROE3.72 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)50%
Standalone figures.
Valuation
Market capRs 60 Cr
Enterprise valueRs 71 Cr
P/E (TTM)33.52x
Price to book1.23x
Price to sales1.30x
EV / EBITDA13.60x
EV / EBIT17.67x
EV / sales1.53x
Price to cash flow7.63x
Earnings yield2.98%
P/E, 3-year average36.51x
P/B, 3-year average1.40x
P/E, 5-year average26.49x
P/B, 5-year average1.18x
Profitability
Operating margin (excl. other income)9.52%
Operating margin (incl. other income)11.23%
EBITDA margin11.23%
Pre-tax margin5.28%
Net profit margin3.88%
ROE3.72%
ROCE5.98%
ROA2.38%
ROE, 3-year average4.48%
ROCE, 3-year average7.06%
ROA, 3-year average2.78%
ROE, 5-year average5.75%
ROCE, 5-year average8.34%
ROA, 5-year average3.54%
ROIC (approx.)4.90%
Tax rate26.94%
Other income / net worth1.60%
Growth
Sales growth (latest year)5.07%
Profit growth (latest year)50.00%
Sales CAGR, 3 years-8.68%
Sales CAGR, 5 years1.92%
Profit CAGR, 3 years-14.40%
Profit CAGR, 5 years-7.44%
Per share
EPS (TTM)Rs 1.06
EPS (latest year)Rs 1.06
EPS, 3-year averageRs 1.21
EPS, 5-year averageRs 1.45
Book value per shareRs 28.98
Sales per shareRs 27.31
Cash flow per shareRs 4.65
Free cash flow per shareRs 4.17
Efficiency
Asset turnover0.62x
Fixed asset turnover4.61x
Inventory turnover1.19x
Inventory days307 days
Debtor days163 days
Debtors turnover2.24x
Creditor days72 days
Cash conversion cycle464 days
Working capital days262 days
Leverage
Total debtRs 17 Cr
Cash and bankRs 6 Cr
Net debtRs 11 Cr
Debt to equity0.34x
Net debt / EBITDA2.02x
Interest coverage2.57x
Owners' fund to total sources65.68%
Debt to assets22.58%
Cash flow
Cash from Operating Activity (latest year)Rs 8 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 7 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years0.58x
Sales to cash flow5.87x
Statement figures
Net sales (TTM)Rs 46 Cr
Net sales (latest year)Rs 46 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 33 Cr
Total expenditure (latest year)Rs 42 Cr
Total income (latest year)Rs 47 Cr
Share capitalRs 17 Cr
ReservesRs 32 Cr
Shareholders' fundsRs 49 Cr
Total assetsRs 75 Cr
Net blockRs 10 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 21 Cr
InventoryRs 28 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)1.70
Ownership
Promoter holding72.96% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 33.5 is at the 79th percentile of its own 8.9-year range
(median 15.7, low 5.2, high 71.2).
P/B 1.23 is at the 66th percentile (median 0.97).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | MILTON | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.7% | -2.8% | +1.1 pts |
| 1 month | -0.1% | -6.8% | +6.7 pts |
| 3 months | -23.6% | -7.6% | -16.0 pts |
| 6 months | +1.0% | +0.4% | +0.6 pts |
| 1 year | +9.4% | -9.9% | +19.3 pts |
| 2 years | +133.6% | -13.6% | +147.1 pts |
| 3 years | +36.8% | +14.2% | +22.6 pts |
| 5 years | +97.2% | +27.9% | +69.3 pts |
Red flags
F-score 8 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹24 Cr -49.1% vs Mar 2024.
Net profit ₹1 Cr -54.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Century Plyboards (India) Ltd | 14,774 | 49.8 | 11.5 % |
| Stylam Industries Ltd | 5,655 | 33.4 | 26.6 % |
| Greenlam Industries Ltd | 5,496 | 59.6 | 8.12 % |
| Greenply Industries Ltd | 3,500 | 31.3 | 14.3 % |
| Greenpanel Industries Ltd | 1,947 | 290 | -0.40 % |
| Rushil Decor Ltd | 472 | 19.8 | 4.68 % |
| Archidply Industries Ltd | 200 | 14.5 | 10.2 % |
| Ecoboard Industries Ltd | 160 | -43.0 % | |
| Western India Plywoods Ltd | 139 | 4.04 % | |
| Airo Lam Ltd | 134 | 25.4 | 9.76 % |
| Duroply Industries Ltd | 110 | 81.2 | 7.73 % |
| Sylvan Plyboard (India) Ltd | 101 | 14.2 | 9.83 % |
| Manilam Industries India Ltd | 87 | 42.6 | 8.47 % |
| Lamosaic India Ltd | 52 | 31.7 | 4.52 % |
| Archidply Decor Ltd | 38 | 764 | 2.45 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Milton Industries Ltd?
Milton Industries Ltd (MILTON) has a market capitalisation of Rs 59.6 Cr. at the 2026-09-30 close.
What is the P/E ratio of Milton Industries Ltd?
Milton Industries Ltd trades at a P/E of 33.1 on trailing twelve-month profit, at the 2026-09-30 close.
What were Milton Industries Ltd's latest quarterly results?
In the Mar 2026 quarter, Milton Industries Ltd sales was Rs 24 Cr (-49.1% vs Mar 2024) and net profit was Rs 1 Cr.
What is the 52-week high and low of Milton Industries Ltd?
The 52-week high is Rs 53.50 and the 52-week low is Rs 24.85.