Milton Industries Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L20299GJ1985PLC008047 Incorporated 23 August 1985 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: MILTON Public Limited Company consumer goods MSME · Medium
Data last updated
Market Cap
₹80.05 Cr
MILTON-SM · NSE
Share Price
₹49.45
+4.99% 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)
43.3x
P/B 1.6x
Authorised capital
₹17 Cr
Registered with MCA
Paid-up capital
₹17 Cr
Issued & subscribed

About Milton Industries Limited

Data last updated:

Milton Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 23 August 1985 and has been in existence for over 41 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L20299GJ1985PLC008047. Its GSTIN is 24AABCM0398K1ZD (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: MILTON.

The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹17 Cr. It was formerly known as Milton Laminates Limited and Milton Laminates Private Limited. It is led by directors including Vijay Pal Jain (Managing Director) and Saket Jain (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1/2 Chitra – Ami Appartment Opp. La Gajjar Chamber Ashram Road, Ahmedabad, Gujarat, India – 380009.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹46.41 Cr, a growth of 5.1% compared to the previous year. For the same year it recorded a net profit of ₹1.8 Cr (net margin 3.9%) and EBITDA of ₹4.42 Cr (EBITDA margin 9.5%). The net worth stands at ₹49.25 Cr (up 3.8% YoY). Total assets are valued at ₹66.75 Cr (down 2.5% YoY).

The company has about 91 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Milton Industries. As per MCA filings, the company has open charges of ₹71.56 Cr and satisfied charges of ₹29.2 Cr on record. Court records list 50 cases involving the company, including 30 filed by the company and 20 filed against it; 4 cases are pending. The company has 12 deals on record (11 market trades, 1 ipo); the latest was in August 2026. The company has 3 MSME Form 1 returns on record between 2018 and 2019, listing 104 overdue payments to 19 micro and small suppliers.

Milton Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0073856). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website miltonindustries.in.

Company details

CIN L20299GJ1985PLC008047
Registration Number 008047
Incorporation Date 23 August 1985
ROC Ahmedabad
Listing Status Listed (NSE: MILTON)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0073856

Name history

Milton Industries has undergone 2 name changes throughout its history. The company was previously known as Milton Laminates Limited, and Milton Laminates Private Limited. The current legal name is Milton Industries Limited.

Company NameStatus
Milton Industries LimitedCurrent
Milton Laminates LimitedPrevious
Milton Laminates Private LimitedPrevious

CIN history

Milton Industries has one previous CIN (Corporate Identification Number): U20299GJ1985PLC008047. The current CIN is L20299GJ1985PLC008047, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L20299GJ1985PLC008047Current
U20299GJ1985PLC008047Previous

Recognitions & Rankings of Milton Industries

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0073856

Contact details

Milton Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is miltonindustries.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    1/2 Chitra – Ami Appartment Opp. La Gajjar Chamber Ashram Road, Ahmedabad, Gujarat, India – 380009
  • Industry
    Consumer Goods, Leather Goods Manufacturing

To see the full contact details of Milton Industries Limited, buy the company report.

Comprehensive company report
Milton Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Milton Industries operates one associated brand: Milton Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Automotive and pneumatic tools are manufactured by Milton Industries.miltonindustries.in

Business activity

The main business activity of Milton Industries is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products

To see the full business activity and turnover split of Milton Industries Limited, buy the company report.

Financials of Milton Industries Limited

FY 2025-26 filings available

Milton Industries Limited reported revenue of ₹46.41 Cr (up 5.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹46.41 Cr
+5.1% YoY
EBITDA
₹4.42 Cr
+66.2% YoY
Profit After Tax
₹1.80 Cr
+51.3% YoY
Net Worth
₹49.25 Cr
+3.8% YoY
Total Assets
₹66.75 Cr
-2.5% YoY
Total Debt
₹16.93 Cr
-17.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue46.4144.1789.0660.9559.6642.1968.16
Revenue growth+5.1%-50.4%+46.1%+2.2%+41.4%-38.1%-
EBITDA4.422.667.015.856.276.248.25
EBITDA margin+9.5%+6.0%+7.9%+9.6%+10.5%+14.8%+12.1%
Profit before tax2.451.554.284.074.243.734.91
Net profit1.801.193.182.873.242.643.50
Net profit margin+3.9%+2.7%+3.6%+4.7%+5.4%+6.3%+5.1%
EPS (₹)1.060.701.881.691.911.562.05
Balance sheet
Total assets66.7568.4962.0560.0249.5449.8350.83
Net worth49.2547.4546.2543.0740.2036.9434.30
Total debt16.9320.4215.2216.468.8912.6816.39
Cash & bank6.393.572.253.164.501.831.49
Net working capital56.0357.4550.8047.5637.3736.9439.26
Cash flow
Cash from operations7.91(2.76)2.24(8.35)8.107.715.20
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

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue46.4144.1789.0660.9559.6642.1968.16
Revenue growth+5.1%-50.4%+46.1%+2.2%+41.4%-38.1%-
Other income0.791.750.240.270.700.550.13
Total expenses41.9941.5182.0555.1053.3935.9559.91
Employee cost0.005.385.364.574.434.223.96
EBITDA4.422.667.015.856.276.248.25
EBITDA margin+9.5%+6.0%+7.9%+9.6%+10.5%+14.8%+12.1%
Depreciation1.201.171.091.081.451.291.41
Interest1.561.691.880.971.281.772.06
Profit before tax2.451.554.284.074.243.734.91
Tax0.650.361.101.201.001.091.41
Net profit1.801.193.182.873.242.643.50
Net profit margin+3.9%+2.7%+3.6%+4.7%+5.4%+6.3%+5.1%
EPS (₹)1.060.701.881.691.911.562.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.0017.0017.0017.0017.0017.0017.00
Reserves & surplus32.2530.4529.2526.0723.2019.9417.30
Shareholders' funds (net worth)49.2547.4546.2543.0740.2036.9434.30
Secured loans16.6419.0213.0513.285.306.3711.29
Unsecured loans0.291.402.173.183.596.315.10
Total debt16.9320.4215.2216.468.8912.6816.39
Total liabilities66.7568.4962.0560.0249.5449.8350.83
Assets
Gross block34.6334.3133.7533.5232.8631.9729.74
Net block10.0610.9511.5812.4112.6613.2112.27
Capital work in progress0.950.450.000.000.000.240.00
Investments0.000.000.000.000.000.000.00
Inventories27.5227.7724.9923.4121.3217.5317.04
Sundry debtors20.7420.5424.5226.4920.1826.0127.74
Cash & bank balances6.393.572.253.164.501.831.49
Loans & advances8.7812.249.217.632.625.1912.50
Total current assets63.4364.1260.9760.6948.6250.5658.77
Total current liabilities7.406.6710.1713.1311.2513.6219.51
Net working capital56.0357.4550.8047.5637.3736.9439.26
Total assets66.7568.4962.0560.0249.5449.8350.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.572.253.164.501.831.490.98
Net cash from operating activities7.91(2.76)2.24(8.35)8.107.715.20
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 cash2.821.32(0.90)(1.34)2.670.340.51
Closing cash6.393.572.253.164.501.831.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-0.380.350.300.280.410.50
Long-term debt / equity-0.050.080.090.150.180.16
Interest cover48.45113.4231.7620.3426.5635.7630.12
Efficiency & per share
Fixed asset turnover-1.302.651.841.841.372.41
Inventory turnover-1.673.682.733.072.443.93
Debtors turnover-1.963.492.612.581.572.82
EPS (₹)1.060.701.881.691.911.562.05
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0027.9227.2125.3423.6521.7420.18

To see the full year-wise statements and ratios of Milton Industries Limited, buy the company report.

Board of directors of Milton Industries Limited

Milton Industries has 9 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Saket JainWhole-Time Director07 Oct 201115 Years 0 MonthsCurrent
Vijay Pal JainManaging Director23 Aug 198541 Years 2 MonthsCurrent
Neha JainDirector06 Oct 199630 Years 0 MonthsCurrent
Vikas JainWhole-Time Director22 Nov 201015 Years 11 MonthsCurrent
Abhaykumar Mahipalsingh JainWhole-Time Director07 Oct 201115 Years 0 MonthsCurrent
Ajay Mahipal Singh JainWhole-Time Director22 Nov 201015 Years 11 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Auditor

Milton Industries Limited is audited by KPSJ and Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KPSJ and Associates LLPFY 2023120693W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 73.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 27.00%.

Promoters: 73.00%Retail & Others: 27.00%
Sep 2026
QUARTER
73.00% Promoters
27.00% Retail & Others
Promoter holding - history
Now 73.00% · Sep 2026High 73.00% · Dec 2025Low 73.00% · Dec 2025
72%72.5%73%73.5%74%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 73.00%Mar 2026: 73.00%Jun 2026: 73.00%Sep 2026: 73.00%73.00%73.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters73.00%73.00%73.00%73.00%
Public27.00%27.00%27.00%27.00%

Charges & borrowings

Open charges
₹71.56 Cr
Satisfied charges
₹29.2 Cr
Breakdown by lending institutions
State Bank of India₹39.60 Cr
Others₹19.90 Cr
Sate Bank of India₹12.06 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Sep 2022100649344Others₹9.95 CrOpen
04 Jun 2021100471846Others₹9.95 CrOpen
10 Mar 200710039826Sate Bank of India₹5.91 CrOpen
04 Feb 200680031512Sate Bank of India₹6.15 CrOpen
10 Aug 200590107388State Bank of India₹19.8 CrOpen

To see the full charge records of Milton Industries Limited, buy the company report.

Total charge records: 27 View all charges

Deals & funding

Milton Industries Limited has 12 deals on record (11 market trades, 1 ipo); the latest was in August 2026.

Total deals
12
Market trades
11
IPO
1

Deals on record (5 of 12)

WhenDealAmountParties
Aug 2026Market trade₹1.42 CrBuyer: Trade Pulse Broking Private Limited
Seller: an individual
Jul 2026Market trade₹59.5 LakhBuyer: Trade Pulse Broking Private Limited
Seller: Patanjali Agro India Private Limited
May 2026Market trade₹36.6 LakhBuyer: Patanjali Agro India Private Limited
Seller: an individual
May 2026Market trade₹88.8 LakhBuyer: Patanjali Agro India Private Limited
Seller: an individual
Apr 2022Market trade₹27 LakhSeller: Beeline Broking Limited

To see the full deal history of Milton Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Milton Industries Limited was last rated by Care on 11 Jul 2022.

Rating agencyRated onRating
Care11 Jul 2022

To see the full credit ratings and regulatory alerts of Milton Industries Limited, buy the company report.

MSME payment delays

Milton Industries Limited has 3 MSME Form 1 returns on record between 2018 and 2019, listing 104 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 19)

SupplierAmount dueDue sinceReported on
H. R. Refactory
Packwell Corporation
Shubham Chemicals and Solvents Limited
Goyal Chemicals
an individual supplier

To see the full MSME payment records of Milton Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Milton Industries Limited has a workforce of 91 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.

Employee count
91
Active EPFO establishments
2
Employee growth
-18.02%

GST

Milton Industries has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AABCM0398K1ZDGujaratActive01 Jul 2017
07AABCM0398K1Z9DelhiActive01 Oct 2022

To see the full GST registrations and return filing status of Milton Industries Limited, buy the company report.

Recent activity

Milton Industries Limited has 35 board changes on record since 1985: 22 appointments and 13 cessations. The latest: Ankur Ashokkumar Agrawal ceased to be Director on 07 Jan 2021.

Charges
A charge registered on 09 Mar 2023 via Charge ID 100727803 with Hdfc Bank Limited was fully satisfied on 24 Aug 2026.
Filing
Milton Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Milton Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100727803 was registered on 09 Mar 2023.
Charges
A charge with Others amounted to Rs. 9.95 Cr with Charge ID 100649344 was registered on 12 Sep 2022.
Charges
A charge with Others of Rs. 9.95 Cr registered on 04 Jun 2021 with Charge ID 100471846 was modified on 12 Jul 2022.
Charges
A charge with Others amounted to Rs. 9.95 Cr with Charge ID 100471846 was registered on 04 Jun 2021.
Charges
A charge registered on 05 Mar 2014 via Charge ID 10486530 with Hdfc Bank Limited was fully satisfied on 27 Apr 2021.
Ceased
Ankur Ashokkumar Agrawal ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 19.80 Cr registered on 10 Aug 2005 with Charge ID 90107388 was modified on 20 Jun 2020.
Charges
A charge with State Bank Of India of Rs. 19.80 Cr registered on 15 Jul 2004 with Charge ID 90106944 was modified on 20 Jun 2020.
Ceased
Ishwar Singh ceased to be Director.

87 earlier events are in the company report.

Frequently asked questions

Milton Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in leather goods manufacturing, within the consumer goods industry. It was incorporated on 23 August 1985 (41+ years old) and is registered under CIN L20299GJ1985PLC008047. Listed on NSE: MILTON.

Milton Industries reported revenue of ₹46.41 Cr for FY 2025-26 (up 5.1% YoY) based on standalone financials.

Milton Industries has 9 current directors:

The latest financial statements of Milton Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Milton Industries is 24AABCM0398K1ZD, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AABCM0398K1Z9 (Delhi).

The CIN (Corporate Identification Number) of Milton Industries is L20299GJ1985PLC008047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Milton Industries is a listed company as per MCA records. Its shares are listed on NSE (symbol: MILTON).

Milton Industries has 50 court cases on record: 30 filed by the company and 20 filed against it. 4 are pending. Most are in the high courts.

Milton Industries was incorporated on 23 August 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Milton Industries has 12 deals on record (11 market trades, 1 ipo); the latest was in August 2026.

Ankur Ashokkumar Agrawal ceased to be Director on 07 Jan 2021. Ishwar Singh ceased to be Director on 04 Sep 2019. Vaibhav Ajay Jain was appointed as Director on 02 Mar 2019. Milton Industries has 35 board changes on record in total.