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Last Updated on: 23 June, 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.
INDUSTRYADDRESSCONTACT
Decoratives - Wood/Fibre/Others1/2, Chitra-Ami Appartment, Opp. La Gajjar Chamber, Ahmedabad Gujarat 380009ac@miltonindustries.in
http://www.miltonindustries.in
Management
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

Basic Stock Data of Milton Industries Ltd

Last Updated: June 17, 2024, 8:22 pm

Market Cap 56.0 Cr.
Current Price 33.0
High / Low48.4/22.0
Stock P/E17.6
Book Value 27.2
Dividend Yield0.00 %
ROCE10.4 %
ROE7.41 %
Face Value 10.0
PEG Ratio-1.71

Competitors of Milton Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Western India Plywoods Ltd (WIPL) 134 Cr. 158195/10039.7 51.00.63 %10.2 %8.00 % 10.0
Priti International Ltd 195 Cr. 146300/12620.4 50.50.00 %23.9 %17.6 % 10.0
Bloom Dekor Ltd 8.35 Cr. 12.214.8/8.90 8.090.00 %17.8 %% 10.0
Dhabriya Polywood Ltd 369 Cr. 341428/17726.2 76.10.15 %18.9 %18.6 % 10.0
Industry Average176.59 Cr164.3021.5846.420.20%17.70%11.05%10.00

Milton Industries Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales28.8939.4318.8323.3525.5934.0729.4031.5541.10
Expenses26.3833.7115.6320.3023.2030.1726.8528.2538.97
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 Income0.69-0.560.340.210.580.120.180.090.01
Interest0.881.180.990.780.810.470.400.570.86
Depreciation0.610.800.690.600.640.800.720.350.54
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 Rs1.011.041.090.460.891.020.940.750.44

Last Updated: June 11, 2024, 3:03 am

Milton Industries Ltd Quarterly Chart

Milton Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales39.8346.3745.3941.6041.9943.4739.0153.7968.1642.1959.6660.9572.65
Expenses38.8242.9742.0238.4237.6038.7834.6949.4059.9235.9453.3855.1067.22
Operating Profit1.013.403.373.184.394.694.324.398.246.256.285.855.43
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
Interest1.101.731.672.062.152.292.311.882.061.771.280.971.43
Depreciation0.620.700.680.851.051.271.271.241.411.291.451.080.89
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:7%
5 Years:11%
3 Years:28%
TTM:46%
Compounded Profit Growth
10 Years:16%
5 Years:10%
3 Years:6%
TTM:11%
Stock Price CAGR
10 Years:%
5 Years:25%
3 Years:12%
1 Year:16%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:8%
Last Year:7%

Last Updated: June 15, 2024, 10:17 pm

Milton Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3.775.005.005.005.005.0015.4515.4517.0017.0017.0017.0017.00
Reserves4.905.636.376.927.178.2713.4015.3617.3019.9423.2026.0726.81
Borrowings15.3914.9217.5220.5623.5822.8421.8916.3916.3912.688.8916.4620.53
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
CWIP0.710.380.546.320.420.280.470.040.000.240.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.000.00
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-0.08-0.05-0.020.070.23-0.040.33-0.080.510.342.67-1.34

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Dec 2023Mar 2024
Promoters72.42%72.42%72.42%72.42%72.42%72.96%72.96%72.96%72.96%72.96%72.96%72.96%
Public27.59%27.58%27.58%27.59%27.58%27.04%27.04%27.04%27.04%27.04%27.04%27.04%
No. of Shareholders249282277274277275288289297297290265

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
FaceValue10.0010.0010.0010.0010.00
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.)2.963.263.244.093.00
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)0.080.090.200.150.16
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
EarningsYield0.080.090.130.240.10

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

Fair Value: 36.18

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.64% compared to the current price 33

Intrinsic Value: 32.45

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 1.66% compared to the current price ₹33

Last 5 Year EPS CAGR: -10.31%

*Investments are subject to market risks

Strength and Weakness of Milton Industries Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (50.39 cr) and profit (2.38 cr) over the years.
  1. The stock has a low average ROCE of 10.21%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 216.04, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 245.53, which may not be favorable.
  4. The company has higher borrowings (17.54) compared to reserves (13.95), which may suggest financial risk.

FAQ

What is the latest fair value of Milton Industries Ltd?

The latest fair value of Milton Industries Ltd is ₹36.18.

What is the Market Cap of Milton Industries Ltd?

The Market Cap of Milton Industries Ltd is 56.0 Cr..

What is the current Stock Price of Milton Industries Ltd as on 23 June 2024?

The current stock price of Milton Industries Ltd as on 23 June 2024 is ₹33.0.

What is the High / Low of Milton Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Milton Industries Ltd stocks is 48.4/22.0.

What is the Stock P/E of Milton Industries Ltd?

The Stock P/E of Milton Industries Ltd is 17.6.

What is the Book Value of Milton Industries Ltd?

The Book Value of Milton Industries Ltd is 27.2.

What is the Dividend Yield of Milton Industries Ltd?

The Dividend Yield of Milton Industries Ltd is 0.00 %.

What is the ROCE of Milton Industries Ltd?

The ROCE of Milton Industries Ltd is 10.4 %.

What is the ROE of Milton Industries Ltd?

The ROE of Milton Industries Ltd is 7.41 %.

What is the Face Value of Milton Industries Ltd?

The Face Value of Milton Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

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 getaka.co.in 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