Milton Industries (MILTON)₹60.45+4.95%Plywood Boards/ Laminates
In the Mar 2026 quarter (standalone), Milton Industries reported sales of ₹24.37 Cr, up 11.3% from Mar 2025, and net profit of ₹1.13 Cr, up 59.2% year on year. For the year to Mar 2026, sales were ₹46.35 Cr and net profit ₹1.81 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 31.54 | 41.08 | 47.89 | 22.25 | 21.89 | 21.98 | 24.37 |
| Expenses | 28.23 | 38.92 | 43.05 | 20.94 | 20.56 | 19.97 | 22.00 |
| Operating Profit | 3.29 | 2.12 | 4.88 | 1.32 | 1.32 | 2.02 | 2.38 |
| OPM % | 10.4% | 5.2% | 10.1% | 5.9% | 6.0% | 9.2% | 9.8% |
| Other Income | 0.10 | 0.02 | 0.24 | 0.59 | 1.22 | 0.03 | 0.78 |
| Interest | 0.58 | 0.87 | 1.03 | 0.82 | 0.89 | 0.80 | 0.78 |
| Depreciation | 0.34 | 0.53 | 0.54 | 0.54 | 0.61 | 0.57 | 0.61 |
| Profit before tax | 2.48 | 0.75 | 3.56 | 0.56 | 1.05 | 0.69 | 1.78 |
| Tax % | 48.5% | 0.0% | 31.2% | 0.0% | 30.7% | 0.0% | 36.7% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 |
| Net Profit | 1.26 | 0.74 | 2.45 | 0.54 | 0.71 | 0.67 | 1.13 |
| EPS (Rs) | 0.74 | 0.43 | 1.43 | 0.31 | 0.41 | 0.39 | 0.65 |
| 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 | 41.54 | 41.94 | 43.45 | 38.97 | 53.77 | 68.12 | 42.16 | 59.57 | 60.92 | 88.93 | 44.10 | 46.35 |
| Expenses | 38.40 | 37.58 | 38.74 | 34.68 | 49.36 | 59.90 | 35.93 | 53.37 | 55.06 | 81.99 | 41.45 | 41.98 |
| Operating Profit | 3.17 | 4.38 | 4.68 | 4.31 | 4.38 | 8.23 | 6.24 | 6.27 | 5.84 | 7.01 | 2.65 | 4.41 |
| OPM % | 7.6% | 10.4% | 10.7% | 11.0% | 8.1% | 12.0% | 14.8% | 10.5% | 9.6% | 7.8% | 6.0% | 9.5% |
| Other Income | 0.69 | 0.06 | 0.18 | 0.60 | 1.50 | 0.14 | 0.56 | 0.71 | 0.28 | 0.25 | 1.76 | 0.80 |
| Interest | 2.07 | 2.16 | 2.30 | 2.32 | 1.89 | 2.07 | 1.78 | 1.29 | 0.98 | 1.89 | 1.70 | 1.57 |
| Depreciation | 0.84 | 1.04 | 1.26 | 1.26 | 1.23 | 1.40 | 1.28 | 1.44 | 1.07 | 1.08 | 1.16 | 1.19 |
| Profit before tax | 0.96 | 1.25 | 1.31 | 1.34 | 2.77 | 4.91 | 3.75 | 4.26 | 4.08 | 4.30 | 1.56 | 2.46 |
| Tax % | 33.6% | 82.2% | 27.6% | 2.2% | 28.9% | 28.7% | 29.1% | 23.4% | 29.4% | 25.6% | 23.2% | 26.5% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.62 | 0.23 | 0.93 | 1.29 | 1.95 | 3.49 | 2.66 | 3.24 | 2.86 | 3.20 | 1.19 | 1.81 |
| EPS (Rs) | 1.14 | 0.39 | 1.70 | 0.75 | 1.14 | 2.04 | 1.55 | 1.90 | 1.68 | 1.87 | 0.70 | 1.05 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 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 | 5.00 | 4.99 | 4.99 | 15.41 | 15.41 | 16.97 | 16.95 | 16.94 | 16.95 | 16.98 | 16.94 | 16.95 |
| Reserves | 6.91 | 7.16 | 8.24 | 13.36 | 15.32 | 17.26 | 19.87 | 23.12 | 25.98 | 29.20 | 30.33 | 32.14 |
| Borrowings | 20.48 | 23.51 | 22.74 | 21.80 | 16.33 | 16.33 | 12.63 | 8.85 | 16.39 | 15.16 | 20.33 | 16.85 |
| Other Liabilities | 15.12 | 12.70 | 19.43 | 18.72 | 15.56 | 20.52 | 14.64 | 12.57 | 14.49 | 11.62 | 8.12 | 8.78 |
| Total Liabilities | 47.51 | 48.36 | 55.40 | 69.29 | 62.62 | 71.08 | 64.09 | 61.48 | 73.81 | 72.96 | 75.72 | 74.72 |
| Fixed Assets | 5.49 | 12.60 | 12.21 | 10.94 | 10.79 | 12.23 | 13.18 | 12.63 | 12.37 | 11.56 | 11.36 | 10.98 |
| CWIP | 6.30 | 0.41 | 0.27 | 0.46 | 0.03 | 0.00 | 0.23 | 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 |
| Other Assets | 35.72 | 35.35 | 42.92 | 57.89 | 51.80 | 58.85 | 50.68 | 48.85 | 61.44 | 61.40 | 64.36 | 63.74 |
| Inventories | — | 19.10 | 21.50 | 25.56 | 17.66 | 17.00 | 17.50 | 21.27 | 23.37 | 24.94 | 27.70 | 27.47 |
| Trade receivables | — | 9.91 | 15.38 | 16.60 | 20.70 | 27.66 | 25.94 | 20.14 | 26.43 | 24.44 | 20.47 | 20.68 |
| Cash & equivalents | — | 0.74 | 0.72 | 1.05 | 0.97 | 1.48 | 1.82 | 4.49 | 3.15 | 2.24 | 3.56 | 6.38 |
| Total Assets | 47.51 | 48.36 | 55.40 | 69.29 | 62.62 | 71.08 | 64.09 | 61.48 | 73.81 | 72.96 | 75.72 | 74.72 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 5.06 | 1.31 | 3.27 | −11.29 | 6.31 | 5.19 | 7.70 | 8.09 | −8.34 | 2.23 | −2.75 | 7.90 |
| Cash from investing activity | −6.22 | −2.22 | −0.52 | 0.30 | 0.76 | −3.07 | −2.01 | −0.34 | 0.77 | −0.03 | 0.58 | −0.06 |
| Cash from financing activity | 1.20 | 1.12 | −2.77 | 11.32 | −7.10 | −1.63 | −5.35 | −5.08 | 6.20 | −3.12 | 3.49 | −5.03 |
| Net cash flow | 0.06 | 0.22 | −0.03 | 0.32 | −0.07 | 0.50 | 0.33 | 2.66 | −1.33 | −0.89 | 1.31 | 2.79 |
| Capex | 6.26 | 2.25 | 0.67 | 0.57 | 0.64 | 2.82 | 2.46 | 0.64 | 0.10 | 0.25 | 0.97 | 0.82 |
| Free cash flow | −1.17 | −0.93 | 2.57 | −11.46 | 5.63 | 2.36 | 5.22 | 7.42 | −7.61 | 2.21 | −2.24 | 7.06 |
| CFO / OP % | 166.9% | 39.0% | 73.9% | −256.1% | 150.9% | 68.9% | 147.9% | 156.9% | −115.0% | 31.0% | −60.1% | 189.9% |
| 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 | 71 | 87 | 131 | 157 | 142 | 150 | 226 | 124 | 160 | 101 | 171 | 164 |
| Inventory days | 240 | 242 | 251 | 361 | 176 | 153 | 301 | 217 | 224 | 144 | 380 | 371 |
| Days payable | 123 | 70 | 144 | 180 | 90 | 98 | 138 | 76 | 98 | 39 | 72 | 72 |
| Cash conversion cycle | 188 | 260 | 237 | 339 | 227 | 205 | 390 | 265 | 286 | 206 | 478 | 464 |
| Working capital days | 85 | 77 | 75 | 217 | 170 | 143 | 258 | 171 | 190 | 149 | 294 | 262 |
| ROCE % | 8.6% | 9.9% | 10.0% | 8.4% | 9.5% | 14.2% | 11.0% | 11.2% | 9.3% | 10.2% | 5.0% | 6.0% |
For the Mar 2026 quarter, Milton Industries reported sales of ₹24.37 Cr, up 11.3% year on year and net profit of ₹1.13 Cr, up 59.2% year on year. The operating margin was 9.8%.
Milton Industries' sales for the year to Mar 2026 were ₹46.35 Cr.
Net profit for the year to Mar 2026 was ₹1.81 Cr. Earnings per share over the same trailing period were ₹1.05.
Milton Industries reported borrowings of ₹16.85 Cr at Mar 2026, against cash and equivalents of ₹6.38 Cr.
Cash from operations was ₹7.90 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹7.06 Cr.