Milton Industries Ltd

Incorporated in 1985, Milton Industries
Ltd manufactures artificial leather, laminates,
and glass fiber-reinforced epoxy resin sheets.

Key Points

Business Overview: [1]
Company manufactures and exports high-pressure laminates, industrial Laminates, laminated boards, and flooring laminates which are used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchens, etc.

Market Cap ₹ 70.5 Cr.
Current Price ₹ 41.5
High / Low ₹ 48.4 / 23.2
Stock P/E 22.1
Book Value ₹ 27.2
Dividend Yield 0.00 %
ROCE 10.4 %
ROE 7.41 %
Face Value ₹ 10.0

Add ratio to table 1m 6m 1Yr 3Yr 5Yr 10Yr Max Price PE Ratio Hidden

Sales & Margin
EV / EBITDA
Price to Book
Market Cap / Sales

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 7.55% over last 3 years.

* 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

Loading peers table . Detailed Comparison with:

Half Yearly Results

Figures in Rs. Crores

Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Sales +	28.89	39.43	18.83	23.35	25.59	34.07	29.40	31.55	41.10	47.96
Expenses +	26.38	33.71	15.63	20.30	23.20	30.17	26.85	28.25	38.97	43.07
Operating Profit	2.51	5.72	3.20	3.05	2.39	3.90	2.55	3.30	2.13	4.89
OPM %	8.69%	14.51%	16.99%	13.06%	9.34%	11.45%	8.67%	10.46%	5.18%	10.20%
Other Income +	0.69	-0.56	0.34	0.21	0.58	0.12	0.18	0.09	0.01	0.23
Interest	0.88	1.18	0.99	0.78	0.81	0.47	0.40	0.57	0.86	1.02
Depreciation	0.61	0.80	0.69	0.60	0.64	0.80	0.72	0.35	0.54	0.55
Profit before tax	1.71	3.18	1.86	1.88	1.52	2.75	1.61	2.47	0.74	3.55
Tax %	0.00%	44.34%	0.00%	57.98%	0.00%	36.73%	0.00%	48.58%	0.00%	31.27%
Net Profit +	1.71	1.77	1.86	0.79	1.51	1.74	1.60	1.27	0.75	2.44
EPS in Rs	1.01	1.04	1.09	0.46	0.89	1.02	0.94	0.75	0.44	1.44
Raw PDF

Profit & Loss

Figures in Rs. Crores

Related Party Close Segments Product Segments

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	46.37	45.39	41.60	41.99	43.47	39.01	53.79	68.16	42.19	59.66	60.95	89.06
Expenses +	42.97	42.02	38.42	37.60	38.78	34.69	49.40	59.92	35.94	53.38	55.10	82.04
Operating Profit	3.40	3.37	3.18	4.39	4.69	4.32	4.39	8.24	6.25	6.28	5.85	7.02
OPM %	7.33%	7.42%	7.64%	10.45%	10.79%	11.07%	8.16%	12.09%	14.81%	10.53%	9.60%	7.88%
Other Income +	0.18	0.08	0.68	0.05	0.17	0.59	1.49	0.13	0.55	0.70	0.27	0.24
Interest	1.73	1.67	2.06	2.15	2.29	2.31	1.88	2.06	1.77	1.28	0.97	1.88
Depreciation	0.70	0.68	0.85	1.05	1.27	1.27	1.24	1.41	1.29	1.45	1.08	1.09
Profit before tax	1.15	1.10	0.95	1.24	1.30	1.33	2.76	4.90	3.74	4.25	4.07	4.29
Tax %	25.22%	31.82%	33.68%	82.26%	27.69%	2.26%	28.99%	28.78%	29.14%	23.53%	29.48%	25.87%
Net Profit +	0.86	0.74	0.63	0.22	0.94	1.30	1.96	3.48	2.65	3.25	2.87	3.19
EPS in Rs	1.56	1.35	1.15	0.40	1.71	0.76	1.15	2.05	1.56	1.91	1.69	1.88
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:	7%
5 Years:	11%
3 Years:	28%
TTM:	46%

Compounded Profit Growth
10 Years:	16%
5 Years:	10%
3 Years:	6%
TTM:	11%

Stock Price CAGR
10 Years:	%
5 Years:	28%
3 Years:	32%
1 Year:	70%

Return on Equity
10 Years:	7%
5 Years:	8%
3 Years:	8%
Last Year:	7%

Balance Sheet

Figures in Rs. Crores

Corporate actions

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	5.00	5.00	5.00	5.00	5.00	15.45	15.45	17.00	17.00	17.00	17.00	17.00
Reserves	5.63	6.37	6.92	7.17	8.27	13.40	15.36	17.30	19.94	23.20	26.07	29.25
Borrowings +	14.92	17.52	20.56	23.58	22.84	21.89	16.39	16.39	12.68	8.89	16.46	15.22
Other Liabilities +	12.75	12.39	15.19	12.76	19.52	18.82	15.64	20.62	14.71	12.63	14.56	11.68
Total Liabilities	38.30	41.28	47.67	48.51	55.63	69.56	62.84	71.31	64.33	61.72	74.09	73.15
Fixed Assets +	5.44	6.01	5.50	12.63	12.24	10.98	10.82	12.27	13.21	12.66	12.41	11.58
CWIP	0.38	0.54	6.32	0.42	0.28	0.47	0.04	0.00	0.24	0.00	0.00	0.00
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 +	32.48	34.73	35.85	35.46	43.11	58.11	51.98	59.04	50.88	49.06	61.68	61.57
Total Assets	38.30	41.28	47.67	48.51	55.63	69.56	62.84	71.31	64.33	61.72	74.09	73.15

Cash Flows

Figures in Rs. Crores

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1.57	0.24	5.07	1.32	3.26	-11.30	6.30	5.20	7.71	8.10	-8.35	2.24
Cash from Investing Activity +	-0.79	-1.36	-6.21	-2.21	-0.51	0.29	0.75	-3.06	-2.00	-0.33	0.78	-0.02
Cash from Financing Activity +	-0.83	1.10	1.21	1.13	-2.78	11.35	-7.13	-1.64	-5.37	-5.10	6.22	-3.13
Net Cash Flow	-0.05	-0.02	0.07	0.23	-0.04	0.33	-0.08	0.51	0.34	2.67	-1.34	-0.90

Ratios

Figures in Rs. Crores

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	61.55	62.88	69.58	86.40	129.56	155.60	140.87	148.55	225.02	123.46	158.64
Inventory Days	207.26	220.15	241.30	243.04	251.87	362.46	176.81	154.33	302.38	218.04	225.10
Days Payable	82.18	87.55	122.74	69.80	144.34	179.53	90.30	97.73	137.65	76.09	97.60
Cash Conversion Cycle	186.64	195.48	188.13	259.64	237.08	338.52	227.38	205.16	389.75	265.41	286.14
Working Capital Days	152.00	176.35	170.30	186.63	185.31	346.57	241.03	200.23	303.75	200.98	265.89
ROCE %	11.33%	10.18%	8.67%	9.94%	9.99%	8.41%	9.48%	14.22%	10.99%	11.20%	9.28%

Shareholding Pattern

Numbers in percentages

Quarterly Yearly

Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Dec 2023	Mar 2024	Jun 2024
Promoters +	72.42%	72.42%	72.42%	72.42%	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%
Public +	27.58%	27.58%	27.59%	27.58%	27.04%	27.04%	27.04%	27.04%	27.04%	27.04%	27.04%	26.78%
No. of Shareholders	282	277	274	277	275	288	289	297	297	290	265	273

Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
Promoters +	72.37%	72.37%	72.37%	72.42%	72.42%	72.96%	72.96%	72.96%
DIIs +	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%
Public +	27.63%	27.64%	27.64%	27.59%	27.58%	27.04%	27.04%	26.78%
No. of Shareholders	248	259	252	249	277	297	265	273

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Recent Important Search All

7 September 2024 - Register of Members & Share Transfer Books of the Company will remain closed from 18-Sep-2024 to 30-Sep-2024 for the purpose of MT.

6 September 2024 - Exchange had sought clarification from Milton Industries Limited for the quarter ended 30-Sep-2023 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …

6 September 2024 - Milton Industries Limited has informed regarding Notice of Annual General Meeting to be held on September 30, 2024

6 September 2024 - MILTON INDUSTRIES LIMITED has informed about Notice of Shareholders Meeting for Annual General Meeting to be held on 30-Sep-2024

6 September 2024 - Milton Industries Limited has informed regarding Board meeting held on September 06, 2024.