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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Milton Industries Ltd

About the Company - Milton Industries Ltd

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. 59.66 Cr. and Equity Capital is Rs. 17.00 Cr. for the Year ended 31/03/2022.
Textiles - General1/2, Chitra-Ami Appartment, Opp. La Gajjar Chamber, Ahmedabad Gujarat
NamePosition Held
Mr. Vijaipal Bhagmal JainChairman & Managing Director
Mr. Ajay Mahipalsingh JainNon Executive Director
Mr. Abhay Mahipalsingh JainWhole Time Director
Mr. Vikas Vijaipal JainWhole Time Director
Mr. Saket Vijaipal JainWhole Time Director
Mrs. Neha Vinit JainNon Executive Director
Mr. Rakesh Tarachand MehtaniIndependent Director
Mr. Maheshbhai PatelIndependent Director
Mr. Vaibhav JainIndependent Director

Milton Industries Ltd. Share Price Update

Share PriceValue
Previous Day₹44.60

Basic Stock Data of Milton Industries Ltd

Market Cap 76.0 Cr.
Current Price 44.8
High / Low48.4/19.4
Stock P/E37.6
Book Value 25.8
Dividend Yield0.00 %
ROCE9.28 %
ROE6.89 %
Face Value 10.0

Data Source:

Competitors of Milton Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Century Textiles & Industries Ltd 16,162 Cr. 1,4471,599/597119 3370.34 %6.32 %4.65 % 10.0
STL Global Ltd 48.7 Cr. 17.722.7/11.1 10.10.00 %1.78 %0.75 % 10.0
Vaxtex Cotfab Ltd 24.8 Cr. 1.356.56/1.35 1.930.00 %2.02 %0.95 % 1.00
Advance Lifestyles Ltd 26.4 Cr. 42.464.8/22.5165 49.70.00 %0.04 %0.10 % 10.0
Morarjee Textiles Ltd 93.2 Cr. 25.632.8/16.0 94.60.00 %21.8 %% 7.00
Industry Average3,271.02 Cr306.8156.8098.670.07%6.39%1.29%7.60

Milton Industries Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Operating Profit2.515.723.203.052.393.902.553.302.13
OPM %8.69%14.51%16.99%13.06%9.34%11.45%8.67%10.46%5.18%
Other Income0.69-0.560.340.210.580.
Profit before tax1.713.181.861.881.522.751.612.470.74
Tax %0.00%44.34%0.00%57.98%0.00%36.73%0.00%48.58%0.00%
Net Profit1.711.771.860.791.511.741.601.270.75
EPS in Rs1.

Milton Industries Ltd Quarterly Chart

Milton Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit1.013.403.373.184.394.694.324.398.
OPM %2.54%7.33%7.42%7.64%10.45%10.79%11.07%8.16%12.09%14.81%10.53%9.60%7.47%
Other Income1.670.180.080.680.050.170.591.490.130.550.700.270.10
Profit before tax0.961.151.100.951.241.301.332.764.903.744.254.073.21
Tax %37.50%25.22%31.82%33.68%82.26%27.69%2.26%28.99%28.78%29.14%23.53%29.48%
Net Profit0.610.860.740.630.220.941.301.963.482.653.252.872.02
EPS in Rs1.451.561.351.150.401.710.761.152.051.561.911.691.19
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%

Milton Industries Ltd Profit & Loss Yearly Chart

Milton Industries Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:9%
3 Years:-4%
Compounded Profit Growth
10 Years:13%
5 Years:17%
3 Years:-6%
Stock Price CAGR
10 Years:%
5 Years:27%
3 Years:58%
1 Year:85%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:8%
Last Year:7%

Milton Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3.775.
Other Liabilities11.6312.7512.3915.1912.7619.5218.8215.6420.6214.7112.6314.5621.36
Total Liabilities35.6938.3041.2847.6748.5155.6369.5662.8471.3164.3361.7274.0985.70
Fixed Assets5.045.446.015.5012.6312.2410.9810.8212.2713.2112.6612.4111.97
Other Assets29.9432.4834.7335.8535.4643.1158.1151.9859.0450.8849.0661.6873.73
Total Assets35.6938.3041.2847.6748.5155.6369.5662.8471.3164.3361.7274.0985.70

Milton Industries Ltd Reserves and Borrowings Chart

Milton Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.541.570.245.071.323.26-11.306.305.207.718.10-8.35
Cash from Investing Activity -0.88-0.79-1.36-6.21-2.21-0.510.290.75-3.06-2.00-0.330.78
Cash from Financing Activity 0.26-0.831.101.211.13-2.7811.35-7.13-1.64-5.37-5.106.22
Net Cash Flow-0.08-0.05-

Milton Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days70.0161.5562.8869.5886.40129.56155.60140.87148.55225.02123.46158.64
Inventory Days199.52207.26220.15241.30243.04251.87362.46176.81154.33302.38218.04225.10
Days Payable102.5082.1887.55122.7469.80144.34179.5390.3097.73137.6576.0997.60
Cash Conversion Cycle167.04186.64195.48188.13259.64237.08338.52227.38205.16389.75265.41286.14
Working Capital Days163.39152.00176.35170.30186.63185.31346.57241.03200.23303.75200.98265.89
ROCE %8.80%11.33%10.18%8.67%9.94%9.99%8.41%9.48%14.22%10.99%11.20%9.28%

Milton Industries Ltd Financial Efficiency Indicators Chart

Milton Industries Ltd Share Holding Pattern

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
No. of Shareholders261249249282277274277275288289297297

Milton Industries Ltd Shareholding Pattern Chart

No. of Milton Industries Ltd Shareholders

This stock is not held by any mutual fund

Milton Industries Ltd ROCE Trend

Milton Industries Ltd EPS Trend

Milton Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)1.691.911.562.051.27
Diluted EPS (Rs.)1.691.911.562.051.27
Cash EPS (Rs.)2.322.762.322.882.07
Book Value[Excl.RevalReserv]/Share (Rs.)25.3423.6521.7320.1819.94
Book Value[Incl.RevalReserv]/Share (Rs.)25.3423.6521.7320.1819.94
Revenue From Operations / Share (Rs.)35.8735.1024.8240.2034.81
PBDIT / Share (Rs.)3.604.114.004.923.81
PBIT / Share (Rs.)2.963.
PBT / Share (Rs.)2.402.512.202.881.79
Net Profit / Share (Rs.)1.691.911.562.051.27
PBDIT Margin (%)10.0311.7016.1012.2510.93
PBIT Margin (%)8.269.2813.0410.188.63
PBT Margin (%)6.677.138.857.165.14
Net Profit Margin (%)4.705.456.275.093.65
Return on Networth / Equity (%)6.668.097.1710.146.37
Return on Capital Employeed (%)10.4412.1612.1017.1012.51
Return On Assets (%)3.875.264.114.883.12
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.380.220.300.460.50
Asset Turnover Ratio (%)0.890.940.621.020.81
Current Ratio (X)2.353.012.681.922.01
Quick Ratio (X)1.441.691.751.361.33
Inventory Turnover Ratio (X)1.791.911.212.331.55
Interest Coverage Ratio (X)6.315.453.854.063.13
Interest Coverage Ratio (Post Tax) (X)3.963.542.502.692.05
Enterprise Value (Cr.)49.0838.3528.7628.9734.18
EV / Net Operating Revenue (X)0.800.640.680.420.63
EV / EBITDA (X)8.035.494.233.465.81
MarketCap / Net Operating Revenue (X)0.580.560.450.210.36
Price / BV (X)0.830.840.520.420.63
Price / Net Operating Revenue (X)0.580.560.450.210.36

Milton Industries Ltd Profitability Ratios (%)

Milton Industries Ltd Liquidity Ratios

Milton Industries Ltd Liquidity Ratios (%)

Milton Industries Ltd Interest Coverage Ratios (%)

Milton Industries Ltd Valuation Ratios

Fair Value of Milton Industries Ltd Stock

Fair Value: ₹68.18

The stock is undervalued by 52.18% compared to the current price ₹44.8

*Investments are subject to market risks

Strength and Weakness of Milton Industries Ltd Stock

  1. The company has shown consistent growth in sales (50.39 cr) and profit (2.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.31 and average Dividend Yield of 6.99%.
  2. The stock has a low average ROCE of 10.21%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 216.04, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 245.53, which may not be favorable.
  5. The company has higher borrowings (17.54) compared to reserves (13.95), which may suggest financial risk.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Milton Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE