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    Milton Industries Limited

    Gujarat-based manufacturer that furnishes and fits out railway coach interiors for Indian Railways.

    Consumer Durables
    Consumer Discretionary

    Overview

    Price

    Market Cap

    ₹63 Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1717171717171717
    Reserves1720232629303132
    Borrowings161391615201817
    Other Liabilities21151315128109
    Total Liabilities7164627473767775
    AssetsFixed Assets1213131212111111
    CWIP00000000
    Investments00000000
    Other Assets5951496262656664
    Total Assets7164627473767775

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating6588-82-38
    Cash from Investing1-3-2-01-01-0
    Cash from Financing-7-2-5-56-34-5
    SummaryCapital Expenditure
    Free Cash Flow6257-82-27
    FCF Margin

    Valuation

    Assumptions

    Current — MILTON
    Price
    ₹39
    EPS (TTM)
    ₹0.90
    PE (TTM)
    43.4
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (8.2×) and current (43.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹39
    vs
    Fair value · 15% return
    ₹5
    87%Overvalued

    At 10% growth and a 8× exit, ₹39 only delivers your return if you pay ₹5. The price is currently baking in 59% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 8×.

    YearGrowthEPS (₹)
    FY2710.0%0.99
    FY2810.0%1.09
    FY2910.0%1.20
    FY3010.0%1.32
    FY3110.0%1.45
    FY328.0% ·fade1.57
    FY336.0% ·fade1.66

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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