Milton Industries Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Milton Industries Ltd?

Milton Industries Ltd is trading at 47.80 as of 26 April 2026, with a FY2026-2027 high of 53.5 and low of 24.8. The stock is currently near its 52-week high. Market cap stands at 81.2 Cr..

Q: Is Milton Industries Ltd financially healthy?

Key indicators: ROCE of 5.01 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Milton Industries Ltd profitable and how is the profit trend?

Milton Industries Ltd reported a net profit of 1 Cr in Mar 2025 on revenue of 44 Cr. Compared to 3 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹34.29Overvalued by 28.26%vs CMP ₹47.80

P/E (58.0) × ROE (2.6%) × BV (₹28.30) × DY (2.00%)

₹19.69Overvalued by 58.81%vs CMP ₹47.80

MoS: -142.8% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹28.95	26%	Over (-39.4%)
Graham Number	Earnings	₹22.85	18%	Over (-52.2%)
Earnings Power	Earnings	₹2.39	15%	Over (-95%)
Net Asset Value	Assets	₹28.33	8%	Over (-40.7%)
EV/EBITDA	Enterprise	₹7.45	10%	Over (-84.4%)
Earnings Yield	Earnings	₹8.20	8%	Over (-82.8%)
ROCE Capital	Returns	₹39.24	8%	Over (-17.9%)
Revenue Multiple	Revenue	₹13.00	6%	Over (-72.8%)
Consensus (8 models)		₹19.69	100%	Overvalued

Key Drivers: EPS CAGR -15.6% drags value — could be higher if earnings stabilize. | ROE 2.6% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -15.6%

*Investments are subject to market risks

Analyst Summary

Milton Industries Ltd operates in the Decoratives - Wood/Fibre/Others segment, current market price is ₹47.80, market cap is 81.2 Cr.. At a glance, stock P/E is 58.0, ROE is 2.56 %, ROCE is 5.01 %, book value is 28.3, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹19.69, around 58.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹44 Cr versus the prior period change of -50.4%, while latest net profit is about ₹1 Cr with a prior-period change of -62.4%. The 52-week range shown on this page is 53.5/24.8, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMilton Industries Ltd. is a Public Limited Listed company incorporated on 23/08/1985 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L20…

This summary is generated from the stock page data available for Milton Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Milton Industries Ltd scores 39/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health54/100 · Moderate

ROCE 5.0% WeakROE 2.6% WeakD/E 0.30 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

Promoter holding at 73.0% Stable

Earnings Quality30/100 · Weak

OPM contracting (10% → 7%) DecliningWorking capital: 294 days Capital intensive

Quarterly Momentum35/100 · Weak

Revenue (4Q): -16% YoY DecliningProfit (4Q): -18% YoY DecliningOPM: 9.2% (up 4.0% YoY) Margin expansion

Industry Rank20/100 · Weak

P/E 58.0 vs industry 43.5 In-lineROCE 5.0% vs industry 11.3% Below peersROE 2.6% vs industry 8.7% Below peers3Y sales CAGR: -10% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:27 pm

Market Cap	81.2 Cr.
Current Price	47.8
Intrinsic Value	₹19.69
High / Low	53.5/24.8
Stock P/E	58.0
Book Value	28.3
Dividend Yield	0.00 %
ROCE	5.01 %
ROE	2.56 %
Face Value	10.0
PEG Ratio	-3.73

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Milton Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Milton Industries Ltd	81.2 Cr.	47.8	53.5/24.8	58.0	28.3	0.00 %	5.01 %	2.56 %	10.0
Western India Plywoods Ltd (WIPL)	133 Cr.	157	193/133	62.6	52.8	0.76 %	8.52 %	6.32 %	10.0
Priti International Ltd	61.4 Cr.	46.0	107/31.5	39.1	54.0	0.00 %	8.58 %	6.23 %	10.0
Dhabriya Polywood Ltd	383 Cr.	354	490/280	14.1	105	0.20 %	20.4 %	19.8 %	10.0
Diksha Greens Ltd	1.20 Cr.	1.22	5.30/1.04		30.6	0.00 %	%	%	10.0
Industry Average	258.00 Cr	102.53		43.45	46.75	0.16%	11.28%	8.73%	10.00

All Competitor Stocks of Milton Industries Ltd

Quarterly Result

Metric	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	28.89	39.43	18.83	23.35	25.59	34.07	29.40	31.55	41.10	47.96	22.26	21.92	22.01
Expenses	26.38	33.71	15.63	20.30	23.20	30.17	26.85	28.25	38.97	43.07	20.93	20.59	19.98
Operating Profit	2.51	5.72	3.20	3.05	2.39	3.90	2.55	3.30	2.13	4.89	1.33	1.33	2.03
OPM %	8.69%	14.51%	16.99%	13.06%	9.34%	11.45%	8.67%	10.46%	5.18%	10.20%	5.97%	6.07%	9.22%
Other Income	0.69	-0.56	0.34	0.21	0.58	0.12	0.18	0.09	0.01	0.23	0.58	1.21	0.02
Interest	0.88	1.18	0.99	0.78	0.81	0.47	0.40	0.57	0.86	1.02	0.81	0.88	0.79
Depreciation	0.61	0.80	0.69	0.60	0.64	0.80	0.72	0.35	0.54	0.55	0.55	0.62	0.58
Profit before tax	1.71	3.18	1.86	1.88	1.52	2.75	1.61	2.47	0.74	3.55	0.55	1.04	0.68
Tax %	0.00%	44.34%	0.00%	57.98%	0.00%	36.73%	0.00%	48.58%	0.00%	31.27%	0.00%	30.77%	0.00%
Net Profit	1.71	1.77	1.86	0.79	1.51	1.74	1.60	1.27	0.75	2.44	0.55	0.72	0.68
EPS in Rs	1.01	1.04	1.09	0.46	0.89	1.02	0.94	0.75	0.44	1.44	0.32	0.42	0.40

Last Updated: December 29, 2025, 11:34 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:58 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	45.39	41.60	41.99	43.47	39.01	53.79	68.16	42.19	59.66	60.95	89.06	44.17	43.93
Expenses	42.02	38.42	37.60	38.78	34.69	49.40	59.92	35.94	53.38	55.10	82.04	41.51	40.57
Operating Profit	3.37	3.18	4.39	4.69	4.32	4.39	8.24	6.25	6.28	5.85	7.02	2.66	3.36
OPM %	7.42%	7.64%	10.45%	10.79%	11.07%	8.16%	12.09%	14.81%	10.53%	9.60%	7.88%	6.02%	7.65%
Other Income	0.08	0.68	0.05	0.17	0.59	1.49	0.13	0.55	0.70	0.27	0.24	1.75	1.23
Interest	1.67	2.06	2.15	2.29	2.31	1.88	2.06	1.77	1.28	0.97	1.88	1.69	1.67
Depreciation	0.68	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	1.10	0.95	1.24	1.30	1.33	2.76	4.90	3.74	4.25	4.07	4.29	1.55	1.72
Tax %	31.82%	33.68%	82.26%	27.69%	2.26%	28.99%	28.78%	29.14%	23.53%	29.48%	25.64%	23.23%
Net Profit	0.74	0.63	0.22	0.94	1.30	1.96	3.48	2.65	3.25	2.87	3.19	1.20	1.40
EPS in Rs	1.35	1.15	0.40	1.71	0.76	1.15	2.05	1.56	1.91	1.69	1.88	0.71	0.82
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-14.86%	-65.08%	327.27%	38.30%	50.77%	77.55%	-23.85%	22.64%	-11.69%	11.15%	-62.38%
Change in YoY Net Profit Growth (%)	0.00%	-50.21%	392.35%	-288.97%	12.47%	26.78%	-101.40%	46.49%	-34.33%	22.84%	-73.53%

Milton Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	1%
5 Years:	-8%
3 Years:	-10%
TTM:	-50%

Compounded Profit Growth
10 Years:	10%
5 Years:	-19%
3 Years:	-28%
TTM:	-62%

Stock Price CAGR
10 Years:	%
5 Years:	23%
3 Years:	18%
1 Year:	-35%

Return on Equity
10 Years:	7%
5 Years:	6%
3 Years:	5%
Last Year:	3%

Last Updated: Unknown

Balance Sheet

Last Updated: December 4, 2025, 1:39 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	5.00	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	6.37	6.92	7.17	8.27	13.40	15.36	17.30	19.94	23.20	26.07	29.25	30.45	31.13
Borrowings	17.52	20.56	23.58	22.84	21.89	16.39	16.39	12.68	8.89	16.46	15.22	20.42	17.98
Other Liabilities	12.39	15.19	12.76	19.52	18.82	15.64	20.62	14.71	12.63	14.56	11.68	8.15	10.46
Total Liabilities	41.28	47.67	48.51	55.63	69.56	62.84	71.31	64.33	61.72	74.09	73.15	76.02	76.57
Fixed Assets	6.01	5.50	12.63	12.24	10.98	10.82	12.27	13.21	12.66	12.41	11.58	11.39	11.06
CWIP	0.54	6.32	0.42	0.28	0.47	0.04	0.00	0.24	0.00	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
Other Assets	34.73	35.85	35.46	43.11	58.11	51.98	59.04	50.88	49.06	61.68	61.57	64.63	65.51
Total Assets	41.28	47.67	48.51	55.63	69.56	62.84	71.31	64.33	61.72	74.09	73.15	76.02	76.57

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	0.24	5.07	1.32	3.26	-11.30	6.30	5.20	7.71	8.10	-8.35	2.24	-2.76
Cash from Investing Activity +	-1.36	-6.21	-2.21	-0.51	0.29	0.75	-3.06	-2.00	-0.33	0.78	-0.02	0.57
Cash from Financing Activity +	1.10	1.21	1.13	-2.78	11.35	-7.13	-1.64	-5.37	-5.10	6.22	-3.13	3.51
Net Cash Flow	-0.02	0.07	0.23	-0.04	0.33	-0.08	0.51	0.34	2.67	-1.34	-0.90	1.32
Free Cash Flow	-1.18	-1.18	-0.94	2.58	-11.51	5.65	2.37	5.24	7.45	-7.63	2.22	-2.25
CFO/OP	16%	167%	39%	74%	-256%	151%	69%	148%	157%	-115%	31%	-60%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-14.15	-17.38	-19.19	-18.15	-17.57	-12.00	-8.15	-6.43	-2.61	-10.61	-8.20	-17.76

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	62.88	69.58	86.40	129.56	155.60	140.87	148.55	225.02	123.46	158.64	100.49	169.73
Inventory Days	220.15	241.30	243.04	251.87	362.46	176.81	154.33	302.38	218.04	225.10	145.20	381.05
Days Payable	87.55	122.74	69.80	144.34	179.53	90.30	97.73	137.65	76.09	97.60	39.45	72.31
Cash Conversion Cycle	195.48	188.13	259.64	237.08	338.52	227.38	205.16	389.75	265.41	286.14	206.24	478.47
Working Capital Days	95.69	84.84	77.02	75.40	216.79	170.32	142.66	258.24	171.06	189.96	148.69	293.60
ROCE %	10.18%	8.67%	9.94%	9.99%	8.41%	9.48%	14.22%	10.99%	11.20%	9.28%	10.20%	5.01%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Sep 2025
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%	0.00%	0.26%	0.26%	0.26%	0.26%	0.26%
Public	27.04%	27.04%	27.04%	27.04%	27.04%	27.04%	27.04%	26.78%	26.78%	26.78%	26.78%	26.78%
No. of Shareholders	275	288	289	297	297	290	265	273	258	252	243	241

Shareholding Pattern Chart

No. of Shareholders

Milton Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.70	1.88	1.69	1.91	1.56
Diluted EPS (Rs.)	0.70	1.88	1.69	1.91	1.56
Cash EPS (Rs.)	1.39	2.51	2.32	2.76	2.32
Book Value[Excl.RevalReserv]/Share (Rs.)	27.92	27.21	25.34	23.65	21.73
Book Value[Incl.RevalReserv]/Share (Rs.)	27.92	27.21	25.34	23.65	21.73
Revenue From Operations / Share (Rs.)	25.99	52.40	35.87	35.10	24.82
PBDIT / Share (Rs.)	2.60	4.27	3.60	4.11	4.00
PBIT / Share (Rs.)	1.91	3.63	2.96	3.26	3.24
PBT / Share (Rs.)	0.91	2.52	2.40	2.51	2.20
Net Profit / Share (Rs.)	0.70	1.88	1.69	1.91	1.56
PBDIT Margin (%)	9.99	8.15	10.03	11.70	16.10
PBIT Margin (%)	7.34	6.93	8.26	9.28	13.04
PBT Margin (%)	3.51	4.82	6.67	7.13	8.85
Net Profit Margin (%)	2.71	3.57	4.70	5.45	6.27
Return on Networth / Equity (%)	2.52	6.89	6.66	8.09	7.17
Return on Capital Employeed (%)	6.36	12.17	10.44	12.16	12.10
Return On Assets (%)	1.57	4.35	3.87	5.26	4.11
Long Term Debt / Equity (X)	0.04	0.06	0.08	0.09	0.20
Total Debt / Equity (X)	0.43	0.32	0.38	0.22	0.30
Asset Turnover Ratio (%)	0.59	1.21	0.89	0.94	0.62
Current Ratio (X)	2.56	2.72	2.35	3.01	2.68
Quick Ratio (X)	1.45	1.60	1.44	1.69	1.75
Inventory Turnover Ratio (X)	1.67	2.64	1.79	1.91	1.21
Interest Coverage Ratio (X)	2.61	3.86	6.31	5.45	3.85
Interest Coverage Ratio (Post Tax) (X)	1.71	2.69	3.96	3.54	2.50
Enterprise Value (Cr.)	66.39	79.16	49.08	38.35	28.76
EV / Net Operating Revenue (X)	1.50	0.88	0.80	0.64	0.68
EV / EBITDA (X)	15.04	10.90	8.03	5.49	4.23
MarketCap / Net Operating Revenue (X)	1.12	0.74	0.58	0.56	0.45
Price / BV (X)	1.04	1.43	0.83	0.84	0.52
Price / Net Operating Revenue (X)	1.12	0.74	0.58	0.56	0.45
EarningsYield	0.02	0.04	0.08	0.09	0.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Milton Industries Ltd. is a Public Limited Listed company incorporated on 23/08/1985 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L20299GJ1985PLC008047 and registration number is 008047. Currently Company is involved in the business activities of Manufacture of other plastics products. Company's Total Operating Revenue is Rs. 44.17 Cr. and Equity Capital is Rs. 17.00 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Decoratives - Wood/Fibre/Others	1/2, Chitra-Ami Appartment, Opp. La Gajjar Chamber, Ahmedabad Gujarat 380009	Contact not found

Management
Name	Position Held
Mr. Vijaipal Bhagmal Jain	Chairman & Managing Director
Mr. Saket Jain	WholeTime Director & CFO
Mr. Abhay Mahipalsingh Jain	Whole Time Director
Mr. Vikas Jain	Whole Time Director
Mr. Ajay Mahipalsingh Jain	Non Executive Director
Mrs. Neha Vinit Jain	Non Executive Director
Mr. Rakesh Tarachand Mehtani	Independent Director
Mr. Maheshbhai Patel	Independent Director
Mr. Vaibhav Jain	Independent Director

FAQ

What is the intrinsic value of Milton Industries Ltd and is it undervalued?

As of 26 April 2026, Milton Industries Ltd's intrinsic value is ₹19.69, which is 58.81% lower than the current market price of ₹47.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.56 %), book value (₹28.3), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Milton Industries Ltd?

Milton Industries Ltd is trading at ₹47.80 as of 26 April 2026, with a FY2026-2027 high of ₹53.5 and low of ₹24.8. The stock is currently near its 52-week high. Market cap stands at ₹81.2 Cr..

How does Milton Industries Ltd's P/E ratio compare to its industry?

Milton Industries Ltd has a P/E ratio of 58.0, which is above the industry average of 43.45. The premium over industry average may reflect growth expectations or speculative interest.

Is Milton Industries Ltd financially healthy?

Key indicators for Milton Industries Ltd: ROCE of 5.01 % is on the lower side compared to the industry average of 11.28%; ROE of 2.56 % is below ideal levels (industry average: 8.73%). Dividend yield is 0.00 %.

Is Milton Industries Ltd profitable and how is the profit trend?

Milton Industries Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹44 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows a declining trend.

Does Milton Industries Ltd pay dividends?

Milton Industries Ltd has a dividend yield of 0.00 % at the current price of ₹47.80. The company is currently not paying meaningful dividends.