Arthneeti

Milton Industries Q2 FY27 Share Price & Earnings Call Analysis

₹53.95+3.95% today
Market cap
₹92 Cr
P/E
50.94
ROE
3.72%
PEG
-3.53
Price to sales
1.98
Debt to equity
0.34
52W high / low
₹53.5 / ₹24.8
Sales growth (5Y)
1.92%
EBITDA margin
9.52%
Net profit margin
3.88%
Promoter holding
56.92%
Sales (last year)
₹46 Cr

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

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

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    3
See all potential multibaggersWhere does Milton Industries rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹151 Cr13.8
240%+Up 0–2%₹2,267 Cr12.2
340%+Up 0–2%₹1,934 Cr16.9
440%+Flat₹2,338 Cr39.6
540%+Flat₹1,975 Cr20.8
640%+Flat₹528 Cr16.7

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Financials of Milton Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Milton Industries

Shareholding breakup across reporting periods.

Dec 2022Mar 2023Jun 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Sep 2025Mar 2026Sep 2026
Promoters +72.96%72.96%72.96%72.96%72.96%72.96%72.96%72.96%72.96%72.96%72.96%56.92%
DIIs +0.00%0.00%0.00%0.00%0.00%0.26%0.26%0.26%0.26%0.26%0.00%0.00%
Public +27.04%27.04%27.04%27.04%27.04%26.78%26.78%26.78%26.78%26.78%27.04%43.08%
No. of Shareholders289297297290265273258252243241229260

Pros & Cons

Milton Industries

Key positives and risks surfaced from the company insights section.

Pros
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -16.0%
  • 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.
Raw Insights
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -16.0%
  • 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.

Financials of Milton Industries

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of Milton Industries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +41.6041.9943.4739.0153.7968.1642.1959.6660.9589.0644.1746.41
Sales growth-8.35%+0.94%+3.52%-10.26%+37.89%+26.72%-38.10%+41.41%+2.16%+46.12%-50.40%+5.07%
Expenses +38.4237.6038.7834.6949.4059.9235.9453.3855.1082.0441.5141.99
Operating Profit3.184.394.694.324.398.246.256.285.857.022.664.42
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 +0.680.050.170.591.490.130.550.700.270.241.750.79
Interest2.062.152.292.311.882.061.771.280.971.881.691.56
Depreciation0.851.051.271.271.241.411.291.451.081.091.171.20
Profit before tax0.951.241.301.332.764.903.744.254.074.291.552.45
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 +0.630.220.941.301.963.482.653.252.873.191.201.80
EPS in Rs0.510.180.760.761.152.051.561.911.691.880.711.06
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%

Financials of Milton Industries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5.005.005.0015.4515.4517.0017.0017.0017.0017.0017.0017.00
Reserves6.927.178.2713.4015.3617.3019.9423.2026.0729.2530.4532.25
Borrowings +20.5623.5822.8421.8916.3916.3912.688.8916.4615.2220.4216.93
Other Liabilities +15.1912.7619.5218.8215.6420.6214.7112.6314.5611.688.158.81
Total Liabilities47.6748.5155.6369.5662.8471.3164.3361.7274.0973.1576.0274.99
Fixed Assets +5.5012.6312.2410.9810.8212.2713.2112.6612.4111.5810.9410.07
CWIP6.320.420.280.470.040.000.240.000.000.000.450.95
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets +35.8535.4643.1158.1151.9859.0450.8849.0661.6861.5764.6363.97
Total Assets47.6748.5155.6369.5662.8471.3164.3361.7274.0973.1576.0274.99

Financials of Milton Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5.071.323.26-11.306.305.207.718.10-8.352.24-2.767.91
Cash from Investing Activity +-6.21-2.21-0.510.290.75-3.06-2.00-0.330.78-0.020.57-0.04
Cash from Financing Activity +1.211.13-2.7811.35-7.13-1.64-5.37-5.106.22-3.133.51-5.05
Net Cash Flow0.070.23-0.040.33-0.080.510.342.67-1.34-0.901.322.82
Free Cash Flow-1.18-0.942.58-11.515.652.375.247.45-7.632.22-3.747.08
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit167%39%74%-256%151%69%148%157%-115%31%-60%190%

Financials of Milton Industries

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days69.5886.40129.56155.60140.87148.55225.02123.46158.64100.49169.73163.11
Inventory Days241.30243.04251.87362.46176.81154.33302.38218.04225.10145.20381.05372.31
Days Payable122.7469.80144.34179.5390.3097.73137.6576.0997.6039.4572.3171.57
Cash Conversion Cycle188.13259.64237.08338.52227.38205.16389.75265.41286.14206.24478.47463.85
Working Capital Days84.8477.0275.40216.79170.32142.66258.24171.06189.96148.69293.60262.29
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%

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What Milton Industries's management said in earlier quarters

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