Milton Industries
Milton Industries (MILTON) share price was ₹45.80 at the 28 Oct 2026 close; market capitalisation ₹77.84 Cr; sector Consumer Goods. The share price rose 75.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue rose 11.3% year on year to ₹24.40 Cr and net profit was ₹1.12 Cr, against ₹0.72 Cr a year earlier (compared with Mar 2025). Promoters held 56.92% of Milton Industries in Sep 2026, down 16.04 percentage points from Mar 2026.
Key Fundamentals
SMEConsumer DurablesConsumer DiscretionaryPrice-based figures as of 28 Oct 2026, 11:37 IST · TTM
Peer Comparison
Consumer Discretionary › Consumer Goods › Plywood Boards & Laminates › Plywood Boards/ Laminates
| ₹640.50 | 48.93 | 14,230 Cr | 5.45 | 0.15% | 10.20% | 14.55% | 5,800 Cr | 298 Cr | |
| ₹210.24 | 57.60 | 5,364 Cr | 4.55 | 0.19% | 4.75% | 9.32% | 3,181 Cr | 93 Cr | |
| ₹2,864.40 | 28.66 | 4,855 Cr | 5.41 | 0.08% | 18.57% | 24.99% | 1,180 Cr | 169 Cr | |
| ₹296.65 | 37.60 | 3,705 Cr | 4.14 | 0.17% | 10.03% | 13.97% | 2,870 Cr | 99 Cr | |
| ₹169.25 | 20.05 | 1,730 Cr | 5.58 | 0.12% | 24.06% | 32.11% | 383 Cr | 89 Cr | |
| ₹135.88 | 247.05 | 1,666 Cr | 1.23 | 0.37% | 10.83% | 11.59% | 1,589 Cr | 7 Cr | |
| ₹15.16 | 19.69 | 445 Cr | 0.70 | 0.34% | 0.98% | 4.94% | 918 Cr | 22 Cr | |
| ₹45.80 | — | 78 Cr | 1.58 | 0.00% | 3.65% | 7.81% | — | — | |
| Median 8 companies | ₹189.75 | 37.60 | 2,717 Cr | 4.35 | 0.16% | 10.11% | 12.78% | 1,589 Cr | 93 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Weaknesses
4- 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.
Technical Indicators
Oscillators
Bearish
Overall
Bullish
Moving Averages
Bullish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 9.8% · Mar 2026
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39.43 | 18.83 | 23.35 | 25.59 | 34.07 | 29.4 | 31.55 | 41.1 | 47.96 | 22.26 | 21.92 | 22.01 | 24.4 |
| Expenses | 33.71 | 15.63 | 20.3 | 23.2 | 30.17 | 26.85 | 28.25 | 38.97 | 43.07 | 20.93 | 20.59 | 19.98 | 22.01 |
| Operating Profit | 5.72 | 3.2 | 3.05 | 2.39 | 3.9 | 2.55 | 3.3 | 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% | 10.2% | 5.97% | 6.07% | 9.22% | 9.8% |
| Other Income | -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 | 0.4 | 0.57 | 0.86 | 1.02 | 0.81 | 0.88 | 0.79 | 0.77 |
| Depreciation | 0.8 | 0.69 | 0.6 | 0.64 | 0.8 | 0.72 | 0.35 | 0.54 | 0.55 | 0.55 | 0.62 | 0.58 | 0.62 |
| PBT | 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% | 57.98% | 0% | 36.73% | 0% | 48.58% | 0% | 31.27% | 0% | 30.77% | 0% | 36.72% |
| Net Profit | 1.77 | 1.86 | 0.79 | 1.51 | 1.74 | 1.6 | 1.27 | 0.75 | 2.44 | 0.55 | 0.72 | 0.68 | 1.12 |
| EPS (₹) | 1.04 | 1.09 | 0.46 | 0.89 | 1.02 | 0.94 | 0.75 | 0.44 | 1.44 | 0.32 | 0.42 | 0.4 | 0.66 |
Profit & Loss
| Particulars | 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 | 41.6 | 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 | 37.6 | 38.78 | 34.69 | 49.4 | 59.92 | 35.94 | 53.38 | 55.1 | 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% | 9.6% | 7.88% | 6.02% | 9.52% |
| Other Income | 0.68 | 0.05 | 0.17 | 0.59 | 1.49 | 0.13 | 0.55 | 0.7 | 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 | 1.2 |
| PBT | 0.95 | 1.24 | 1.3 | 1.33 | 2.76 | 4.9 | 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 | 1.3 | 1.96 | 3.48 | 2.65 | 3.25 | 2.87 | 3.19 | 1.2 | 1.8 |
| EPS (₹) | 1.15 | 0.4 | 1.71 | 0.76 | 1.15 | 2.05 | 1.56 | 1.91 | 1.69 | 1.88 | 0.71 | 1.06 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 | 5 | 5 | 15.45 | 15.45 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 6.92 | 7.17 | 8.27 | 13.4 | 15.36 | 17.3 | 19.94 | 23.2 | 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 | 5.5 | 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 | 0.24 | 0 | 0 | 0 | 0.45 | 0.95 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 5.07 | 1.32 | 3.26 | -11.3 | 6.3 | 5.2 | 7.71 | 8.1 | -8.35 | 2.24 | -2.76 | 7.91 |
| Investing | -6.21 | -2.21 | -0.51 | 0.29 | 0.75 | -3.06 | -2 | -0.33 | 0.78 | -0.02 | 0.57 | -0.04 |
| Financing | 1.21 | 1.13 | -2.78 | 11.35 | -7.13 | -1.64 | -5.37 | -5.1 | 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 | -0.9 | 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
| Particulars | 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 | 86.4 | 130 | 156 | 141 | 149 | 225 | 123 | 159 | 100 | 170 | 163 |
| Inventory Days | 241 | 243 | 252 | 362 | 177 | 154 | 302 | 218 | 225 | 145 | 381 | 372 |
| Days Payable | 123 | 69.8 | 144 | 180 | 90.3 | 97.73 | 138 | 76.09 | 97.6 | 39.45 | 72.31 | 71.57 |
| Cash Conversion Cycle | 188 | 260 | 237 | 339 | 227 | 205 | 390 | 265 | 286 | 206 | 478 | 464 |
| Working Capital Days | 84.84 | 77.02 | 75.4 | 217 | 170 | 143 | 258 | 171 | 190 | 149 | 294 | 262 |
| ROCE % | 8.67% | 9.94% | 9.99% | 8.41% | 9.48% | 14.22% | 10.99% | 11.2% | 9.28% | 10.2% | 5.01% | 5.98% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY15–FY26.
Documents
Frequently Asked Questions about Milton Industries
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Company Information
Incorporated in 1985, Milton Industries Ltd primarily operates in laminate segments.[1]
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