Milton Industries Ltd
Incorporated in 1985, Milton Industries
Ltd manufactures artificial leather, laminates,
and glass fiber-reinforced epoxy resin sheets.
- Market Cap ₹ 72.8 Cr.
- Current Price ₹ 42.8
- High / Low ₹ 48.4 / 29.0
- Stock P/E 24.7
- Book Value ₹ 27.5
- Dividend Yield 0.00 %
- ROCE 10.2 %
- ROE 7.14 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 128 to 100 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.46% 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
Sector: Plywood Boards/Laminates Industry: Miscellaneous
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
46.37 | 45.39 | 41.60 | 41.99 | 43.47 | 39.01 | 53.79 | 68.16 | 42.19 | 59.66 | 60.95 | 89.06 | 70.22 | |
42.97 | 42.02 | 38.42 | 37.60 | 38.78 | 34.69 | 49.40 | 59.92 | 35.94 | 53.38 | 55.10 | 82.04 | 64.00 | |
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 | 6.22 |
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% | 8.86% |
0.18 | 0.08 | 0.68 | 0.05 | 0.17 | 0.59 | 1.49 | 0.13 | 0.55 | 0.70 | 0.27 | 0.24 | 0.81 | |
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 | 1.83 |
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 | 1.10 |
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 | 4.10 |
Tax % | 25.22% | 31.82% | 33.68% | 82.26% | 27.69% | 2.26% | 28.99% | 28.78% | 29.14% | 23.53% | 29.48% | 25.64% | |
0.86 | 0.74 | 0.63 | 0.22 | 0.94 | 1.30 | 1.96 | 3.48 | 2.65 | 3.25 | 2.87 | 3.19 | 2.99 | |
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 | 1.76 |
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: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 10% |
3 Years: | 6% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 42% |
1 Year: | 37% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
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 | Sep 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 | 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 | 29.80 |
14.92 | 17.52 | 20.56 | 23.58 | 22.84 | 21.89 | 16.39 | 16.39 | 12.68 | 8.89 | 16.46 | 15.22 | 15.62 | |
12.75 | 12.39 | 15.19 | 12.76 | 19.52 | 18.82 | 15.64 | 20.62 | 14.71 | 12.63 | 14.56 | 11.68 | 8.00 | |
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 | 70.42 |
5.44 | 6.01 | 5.50 | 12.63 | 12.24 | 10.98 | 10.82 | 12.27 | 13.21 | 12.66 | 12.41 | 11.58 | 11.48 | |
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 | 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 | 0.00 |
32.48 | 34.73 | 35.85 | 35.46 | 43.11 | 58.11 | 51.98 | 59.04 | 50.88 | 49.06 | 61.68 | 61.57 | 58.94 | |
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 | 70.42 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.57 | 0.24 | 5.07 | 1.32 | 3.26 | -11.30 | 6.30 | 5.20 | 7.71 | 8.10 | -8.35 | 2.24 | |
-0.79 | -1.36 | -6.21 | -2.21 | -0.51 | 0.29 | 0.75 | -3.06 | -2.00 | -0.33 | 0.78 | -0.02 | |
-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 | 100.49 |
Inventory Days | 207.26 | 220.15 | 241.30 | 243.04 | 251.87 | 362.46 | 176.81 | 154.33 | 302.38 | 218.04 | 225.10 | 145.20 |
Days Payable | 82.18 | 87.55 | 122.74 | 69.80 | 144.34 | 179.53 | 90.30 | 97.73 | 137.65 | 76.09 | 97.60 | 39.45 |
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 | 206.24 |
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 | 198.98 |
ROCE % | 11.33% | 10.18% | 8.67% | 9.94% | 9.99% | 8.41% | 9.48% | 14.22% | 10.99% | 11.20% | 9.28% | 10.20% |
Documents
Announcements
-
Price movement
10 December 2024 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Outcome of Board Meeting
14 November 2024 - Milton Industries Limited has informed regarding Board meeting held on November 14, 2024.
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Financial Result Updates
14 November 2024 - Milton Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Board Meeting Intimation
11 November 2024 - MILTON INDUSTRIES LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the Company …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
21 October 2024 - Milton Industries Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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.