About Milton Industries
Milton Industries is a publicly listed company based in Ahmedabad (India) founded in 1985. It operates as an automotive and pneumatic tools are manufactured by Milton Industries. The company has 91 employees. Its Indian entity Milton Industries Limited reported revenue of ₹45.92 Cr. Milton Industries offers products and services including HPL Laminates, Artificial Leather Cloth, and GFRE Sheets. Its focus areas include Real Estate and Construction, Building Materials, Interiors and Diversified. Its competitors include EGGER, LIXIL, Wickes, JuuNoo and Hardware Resources and 5 more; 4 of its 10 listed competitors have raised funding.
Company details
Milton Industries was founded in 1985 and is headquartered in Ahmedabad, India. Automotive and pneumatic tools and equipment are produced by the company for various industrial applications. Operations are focused on manufacturing processes that ensure product reliability in the automotive sector. The domain miltonindustries.in serves as the official online platform, supporting distribution and information access across regions.
- Headquarters Ahmedabad, India
- Employees 91
- Stage Public
- SectorsReal Estate & Construction
- Website miltonindustries.in
- Legal Name Milton Industries Ltd.
- Market Cap₹61.18 Cr
MILTON-SM · NSE
- Share Price₹36.00
0.00% today
- Revenue₹46.41 Cr
FY 2025-26 · +5.1% YoY
- EBITDA₹4.42 Cr
Margin 9.5%
- Net Profit₹1.80 Cr
FY 2025-26 · +51.3% YoY
- P/E (TTM)34.1x
P/B 1.2x
- Employee Count91
Associated legal entities of Milton Industries
Milton Industries operates through Milton Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Milton Industries Limited Listed CIN L20299GJ1985PLC008047 | Active | 23 Aug 1985 | Ahmedabad, Gujarat | ₹45.9 Cr | 91 | 11 | View details |
Products & Services of Milton Industries
Milton Industries offers a comprehensive portfolio of products and services, including HPL Laminates, Artificial Leather Cloth, and GFRE Sheets.
High-pressure laminates for decorative and industrial uses.
Synthetic leather for fashion and upholstery applications.
Glass fibre reinforced epoxy sheets for engineering purposes.
Board of directors of Milton Industries Limited (Milton Industries)
Milton Industries Limited is the primary company behind Milton Industries. The board of Milton Industries Limited currently have 9 directors; the longest-serving is Vijay Pal Jain, appointed in 1985. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Pal Jain DIN 00343712 | Managing Director | 23 Aug 1985 | 41 yrs 1 mo | Milton Industries Limited |
| Neha Jain DIN 02200042 | Director | 06 Oct 1996 | 30 yrs | Milton Industries Limited |
| Vikas Jain DIN 00301277 | Whole-time director | 22 Nov 2010 | 15 yrs 10 mo | Milton Industries Limited |
| Ajay Mahipal Singh Jain DIN 01287154 | Whole-time director | 22 Nov 2010 | 15 yrs 10 mo | Milton Industries Limited |
| Saket Jain DIN 02200196 | Whole-time director | 07 Oct 2011 | 15 yrs | Milton Industries Limited |
| Abhaykumar Mahipalsingh Jain DIN 00343757 | Whole-time director | 07 Oct 2011 | 15 yrs | Milton Industries Limited |
| Rakesh Tarachand Mehtani DIN 00723925 | Director | 08 Sep 2017 | 9 yrs 1 mo | Milton Industries Limited |
| Maheshbhai Samatbhai Patel DIN 07924090 | Director | 08 Sep 2017 | 9 yrs 1 mo | Milton Industries Limited |
| Vaibhav Ajay Jain DIN 08355020 | Director | 02 Mar 2019 | 7 yrs 7 mo | Milton Industries Limited |
IPO & Listings of Milton Industries
Milton Industries is a publicly listed company on the NSE with ticker symbol MILTON in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date16 Oct 2017
- Listed onNSE: MILTON
- Listed entityMilton Industries Ltd.
- Exchange sectorNon-energy minerals
- ISININE376Y01016
- Share price₹36.75 (+5% on the day) · 2026-10-14
- Market capitalisation₹59.5 Cr
- Volume (last session)4,400
Financials of Milton Industries
Exchange-reported figures of Milton Industries Limited, the listed company behind Milton Industries (NSE: MILTON-SM).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 46.41 | 44.17 | 89.06 | 60.95 | 59.66 | 42.19 | 68.16 |
| Revenue growth | +5.1% | -50.4% | +46.1% | +2.2% | +41.4% | -38.1% | - |
| EBITDA | 4.42 | 2.66 | 7.01 | 5.85 | 6.27 | 6.24 | 8.25 |
| EBITDA margin | +9.5% | +6.0% | +7.9% | +9.6% | +10.5% | +14.8% | +12.1% |
| Profit before tax | 2.45 | 1.55 | 4.28 | 4.07 | 4.24 | 3.73 | 4.91 |
| Net profit | 1.80 | 1.19 | 3.18 | 2.87 | 3.24 | 2.64 | 3.50 |
| Net profit margin | +3.9% | +2.7% | +3.6% | +4.7% | +5.4% | +6.3% | +5.1% |
| EPS (₹) | 1.06 | 0.70 | 1.88 | 1.69 | 1.91 | 1.56 | 2.05 |
| Balance sheet | |||||||
| Total assets | 66.75 | 68.49 | 62.05 | 60.02 | 49.54 | 49.83 | 50.83 |
| Net worth | 49.25 | 47.45 | 46.25 | 43.07 | 40.20 | 36.94 | 34.30 |
| Total debt | 16.93 | 20.42 | 15.22 | 16.46 | 8.89 | 12.68 | 16.39 |
| Cash & bank | 6.39 | 3.57 | 2.25 | 3.16 | 4.50 | 1.83 | 1.49 |
| Net working capital | 56.03 | 57.45 | 50.80 | 47.56 | 37.37 | 36.94 | 39.26 |
| Cash flow | |||||||
| Cash from operations | 7.91 | (2.76) | 2.24 | (8.35) | 8.10 | 7.71 | 5.20 |
| Cash from investing | (0.04) | 0.57 | (0.02) | 0.78 | (0.33) | (2.00) | (3.06) |
| Cash from financing | (5.05) | 3.51 | (3.13) | 6.22 | (5.10) | (5.37) | (1.64) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 46.41 | 44.17 | 89.06 | 60.95 | 59.66 | 42.19 | 68.16 |
| Revenue growth | +5.1% | -50.4% | +46.1% | +2.2% | +41.4% | -38.1% | - |
| Other income | 0.79 | 1.75 | 0.24 | 0.27 | 0.70 | 0.55 | 0.13 |
| Total expenses | 41.99 | 41.51 | 82.05 | 55.10 | 53.39 | 35.95 | 59.91 |
| Employee cost | 0.00 | 5.38 | 5.36 | 4.57 | 4.43 | 4.22 | 3.96 |
| EBITDA | 4.42 | 2.66 | 7.01 | 5.85 | 6.27 | 6.24 | 8.25 |
| EBITDA margin | +9.5% | +6.0% | +7.9% | +9.6% | +10.5% | +14.8% | +12.1% |
| Depreciation | 1.20 | 1.17 | 1.09 | 1.08 | 1.45 | 1.29 | 1.41 |
| Interest | 1.56 | 1.69 | 1.88 | 0.97 | 1.28 | 1.77 | 2.06 |
| Profit before tax | 2.45 | 1.55 | 4.28 | 4.07 | 4.24 | 3.73 | 4.91 |
| Tax | 0.65 | 0.36 | 1.10 | 1.20 | 1.00 | 1.09 | 1.41 |
| Net profit | 1.80 | 1.19 | 3.18 | 2.87 | 3.24 | 2.64 | 3.50 |
| Net profit margin | +3.9% | +2.7% | +3.6% | +4.7% | +5.4% | +6.3% | +5.1% |
| EPS (₹) | 1.06 | 0.70 | 1.88 | 1.69 | 1.91 | 1.56 | 2.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 |
| Reserves & surplus | 32.25 | 30.45 | 29.25 | 26.07 | 23.20 | 19.94 | 17.30 |
| Shareholders' funds (net worth) | 49.25 | 47.45 | 46.25 | 43.07 | 40.20 | 36.94 | 34.30 |
| Secured loans | 16.64 | 19.02 | 13.05 | 13.28 | 5.30 | 6.37 | 11.29 |
| Unsecured loans | 0.29 | 1.40 | 2.17 | 3.18 | 3.59 | 6.31 | 5.10 |
| Total debt | 16.93 | 20.42 | 15.22 | 16.46 | 8.89 | 12.68 | 16.39 |
| Total liabilities | 66.75 | 68.49 | 62.05 | 60.02 | 49.54 | 49.83 | 50.83 |
| Assets | |||||||
| Gross block | 34.63 | 34.31 | 33.75 | 33.52 | 32.86 | 31.97 | 29.74 |
| Net block | 10.06 | 10.95 | 11.58 | 12.41 | 12.66 | 13.21 | 12.27 |
| Capital work in progress | 0.95 | 0.45 | 0.00 | 0.00 | 0.00 | 0.24 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 27.52 | 27.77 | 24.99 | 23.41 | 21.32 | 17.53 | 17.04 |
| Sundry debtors | 20.74 | 20.54 | 24.52 | 26.49 | 20.18 | 26.01 | 27.74 |
| Cash & bank balances | 6.39 | 3.57 | 2.25 | 3.16 | 4.50 | 1.83 | 1.49 |
| Loans & advances | 8.78 | 12.24 | 9.21 | 7.63 | 2.62 | 5.19 | 12.50 |
| Total current assets | 63.43 | 64.12 | 60.97 | 60.69 | 48.62 | 50.56 | 58.77 |
| Total current liabilities | 7.40 | 6.67 | 10.17 | 13.13 | 11.25 | 13.62 | 19.51 |
| Net working capital | 56.03 | 57.45 | 50.80 | 47.56 | 37.37 | 36.94 | 39.26 |
| Total assets | 66.75 | 68.49 | 62.05 | 60.02 | 49.54 | 49.83 | 50.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.57 | 2.25 | 3.16 | 4.50 | 1.83 | 1.49 | 0.98 |
| Net cash from operating activities | 7.91 | (2.76) | 2.24 | (8.35) | 8.10 | 7.71 | 5.20 |
| Net cash from investing activities | (0.04) | 0.57 | (0.02) | 0.78 | (0.33) | (2.00) | (3.06) |
| Net cash from financing activities | (5.05) | 3.51 | (3.13) | 6.22 | (5.10) | (5.37) | (1.64) |
| Net change in cash | 2.82 | 1.32 | (0.90) | (1.34) | 2.67 | 0.34 | 0.51 |
| Closing cash | 6.39 | 3.57 | 2.25 | 3.16 | 4.50 | 1.83 | 1.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.1% | -50.4% | +46.1% | +2.2% | +41.4% | -38.1% | - |
| EBITDA growth | +66.2% | -62.1% | +19.8% | -6.7% | +0.5% | -24.4% | - |
| PBT growth | +58.1% | -63.8% | +5.2% | -4.0% | +13.7% | -24.0% | +77.3% |
| Net income growth | +51.3% | -62.6% | +10.8% | -11.4% | +22.7% | -24.6% | - |
| Revenue CAGR (3Y) | -8.7% | -9.5% | +28.3% | -3.7% | +3.5% | +2.7% | +16.2% |
| EBITDA CAGR (3Y) | -8.9% | -24.9% | +4.0% | -10.8% | +12.5% | +13.1% | +20.7% |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +2.7% | +3.6% | +4.7% | +5.4% | +6.3% | +5.1% |
| Return on capital employed | - | +5.0% | +10.1% | +9.2% | +11.2% | +11.0% | +14.2% |
| Return on net worth | - | +2.6% | +7.1% | +6.9% | +8.4% | +7.4% | +10.7% |
| Debt / equity | - | 0.38 | 0.35 | 0.30 | 0.28 | 0.41 | 0.50 |
| Long-term debt / equity | - | 0.05 | 0.08 | 0.09 | 0.15 | 0.18 | 0.16 |
| Interest cover | 48.45 | 113.42 | 31.76 | 20.34 | 26.56 | 35.76 | 30.12 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.30 | 2.65 | 1.84 | 1.84 | 1.37 | 2.41 |
| Inventory turnover | - | 1.67 | 3.68 | 2.73 | 3.07 | 2.44 | 3.93 |
| Debtors turnover | - | 1.96 | 3.49 | 2.61 | 2.58 | 1.57 | 2.82 |
| EPS (₹) | 1.06 | 0.70 | 1.88 | 1.69 | 1.91 | 1.56 | 2.05 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 27.92 | 27.21 | 25.34 | 23.65 | 21.74 | 20.18 |
Competitors of Milton Industries
Milton Industries has 10 listed competitors in our database, 4 of them funded. They include EGGER, LIXIL, Wickes, JuuNoo and Hardware Resources, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| egger.com | 1961 | Tirol, Austria | – | 9 | Home decor and furniture products are manufactured by EGGER. | |
| lixil.com | 1949 | Koto, Japan | – | 223 | Manufacturer of exterior & interior building materials, and construction management services | |
| wickes.co.uk | 1972 | Watford, United Kingdom | – | – | Supplier of construction products | |
| juunoo.com | 2017 | Harelbeke, Belgium | $10.41M | 22 | Glass walls, windows, and doors are manufactured by JuuNoo. | |
| hardwareresources.com | 1989 | Bossier, United States | – | 645 | Products for kitchen cabinets, baths, and closets are manufactured. | |
| zzsupei.com | 2015 | Xiamen, China | $22.96M | – | Provider of tile floor, door & window lock, paint switch, and bathroom ceilings services | |
| armstrongceilings.com | 1860 | Lancaster, United States | – | 4 | Provider of ceiling and wall solutions for commercial and residential spaces | |
| thinkalpen.com | 1986 | Niwot, United States | $16.1M | – | High-performance windows, doors, and architectural glass are manufactured. | |
| kronospan.com | 1897 | Eastaboga, United States | – | 714 | Flooring, wall panels, and other interior building materials are manufactured. | |
| mzurigroup.co.uk | 2020 | Lisburn, United Kingdom | $12.25M | – | Wooden products, window coverings, and home interior items are manufactured. |
Detailed competitors of Milton Industries
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Web traffic of Milton Industries
The website of Milton Industries (miltonindustries.in) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 15.1% vs previous month
Top companies in Building Materials
10 companies that operate in the same segment as Milton Industries (Building Materials), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Construction materials and building products are supplied by Boral. | 1946 | Sydney, New South Wales, Australia | USD 22.4 M | – | – | |
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products | 1975 | Kanpur, Uttar Pradesh, India | – | USD 1.44 B | 11,790 | |
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | – | USD 3.79 B | 33,600 | |
Diversified building materials are manufactured and supplied worldwide. | 1970 | Dublin, Ireland | – | USD 37.45 B | 79,800 | |
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions | 1960 | Gurugram, Haryana, India | – | – | – | |
Vectus is recognized as a leading manufacturer of water storage solutions in India. | 1989 | Noida, Uttar Pradesh, India | USD 16.7 M | – | – | |
Glass products are manufactured for construction, automotive, and industrial sectors. | 1985 | Delhi, Delhi, India | USD 147.22 M | USD 212.02 M | 1,293 | |
Piping systems are designed, manufactured, and distributed for multiple sectors. | 2003 | Brussels, Brussels-capital Region, Belgium | USD 260 M | – | – | |
Developer of chemical products, construction & packaging materials, and water solutions | 1802 | United States | – | USD 6.85 B | 24,000 | |
Industrial tools and equipment are supplied globally by Kennametal. | 1938 | Latrobe, Pennsylvania, United States | – | USD 1.97 B | 8,119 |
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Frequently Asked Questions about Milton Industries
Milton Industries was founded in 1985.
Milton Industries is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Milton Industries has 91 employees.
The primary company behind Milton Industries, Milton Industries Limited, reported revenue of ₹45.92 Cr for FY 2025, down 49% year on year.
Milton Industries was founded in 1985 and is headquartered in Ahmedabad, India. Automotive and pneumatic tools and equipment are produced by the company for various industrial applications. Operations are focused on manufacturing processes that ensure product reliability in the automotive sector. The domain miltonindustries.in serves as the official online platform, supporting distribution and information access across regions.
Milton Industries's top competitors include Armstrong World Industries, EGGER and LIXIL.
Milton Industries offers HPL Laminates, Artificial Leather Cloth, and GFRE Sheets.
Yes, Milton Industries is publicly traded on NSE under the ticker symbol MILTON.
Milton Industries operates through Milton Industries Limited.
The legal entities of Milton Industries currently have 10 directors, including Saket Jain, Vijay Pal Jain, Neha Jain and others.