Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹37.30, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 23x in the Forestry industry in India. Total returns to shareholders of 63% over the past three years. Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: ₹1.06 (vs ₹0.70 in FY 2025) Full year 2026 results: EPS: ₹1.06 (up from ₹0.70 in FY 2025). Revenue: ₹472.0m (up 6.9% from FY 2025). Net income: ₹18.0m (up 50% from FY 2025). Profit margin: 3.8% (up from 2.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Duyuru • May 23
Milton Industries Limited to Report Second Half, 2026 Results on May 28, 2026 Milton Industries Limited announced that they will report second half, 2026 results on May 28, 2026 Board Change • May 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹46.45, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 33x in the Forestry industry in India. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹35.25, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 35x in the Forestry industry in India. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹31.10, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 30x in the Forestry industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • Nov 28
First half 2026 earnings released: EPS: ₹0.40 (vs ₹0.37 in 1H 2025) First half 2026 results: EPS: ₹0.40 (up from ₹0.37 in 1H 2025). Revenue: ₹220.1m (down 1.1% from 1H 2025). Net income: ₹6.76m (up 33% from 1H 2025). Profit margin: 3.1% (up from 2.3% in 1H 2025). The increase in margin was driven by lower expenses. Board Change • Nov 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Nov 13
Milton Industries Limited to Report First Half, 2026 Results on Nov 14, 2025 Milton Industries Limited announced that they will report first half, 2026 results on Nov 14, 2025 Board Change • Oct 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 12
Full year 2025 earnings released: EPS: ₹0.70 (vs ₹1.88 in FY 2024) Full year 2025 results: EPS: ₹0.70 (down from ₹1.88 in FY 2024). Revenue: ₹441.7m (down 50% from FY 2024). Net income: ₹12.0m (down 62% from FY 2024). Profit margin: 2.7% (down from 3.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Sep 08
Milton Industries Limited, Annual General Meeting, Sep 30, 2025 Milton Industries Limited, Annual General Meeting, Sep 30, 2025, at 15:00 Indian Standard Time. Location: chitra ami appartment, opp la gajjar chambers, ashram road, gujarat, ahmedabad - 380009., ahmedabad India Board Change • Sep 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 1.0% per year over the past 5 years. Market cap is less than US$10m (₹526.8m market cap, or US$6.16m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Board Change • May 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹29.00, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 21x in the Forestry industry in India. Total returns to shareholders of 49% over the past three years. Board Change • Feb 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹38.95, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 24x in the Forestry industry in India. Total returns to shareholders of 160% over the past three years. New Risk • Nov 23
New major risk - Revenue and earnings growth Earnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.0% per year over the past 5 years. Market cap is less than US$10m (₹597.4m market cap, or US$7.07m). Board Change • Nov 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Sep 16
Milton Industries Limited, Annual General Meeting, Sep 30, 2024 Milton Industries Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Location: chitra ami appartment, opp la gajjar chambers, ashram road, gujarat, ahmedabad - 380009., ahmedabad India Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹38.55, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 27x in the Forestry industry in India. Total returns to shareholders of 67% over the past three years. New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2022 fiscal period end). Market cap is less than US$10m (₹618.6m market cap, or US$7.42m). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹24.35, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 9x in the Forestry industry in India. Total returns to shareholders of 186% over the past three years. Board Change • Feb 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 18% share price gain to ₹29.85, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 13x in the Forestry industry in India. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹21.15, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Forestry industry in India. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 15% share price gain to ₹19.50, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 12x in the Forestry industry in India. Total returns to shareholders of 63% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹19.25, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹1.91 (vs ₹1.56 in FY 2021) Full year 2022 results: EPS: ₹1.91 (up from ₹1.56 in FY 2021). Revenue: ₹603.6m (up 43% from FY 2021). Net income: ₹32.5m (up 23% from FY 2021). Profit margin: 5.4% (down from 6.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 15% share price gain to ₹17.65, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 12x in the Forestry industry in India. Total returns to shareholders of 31% over the past three years. Board Change • Jan 05
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 15
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 30
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 30
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Vaibhav Jain was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 05
Full year 2021 earnings released: EPS ₹1.56 (vs ₹2.05 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹427.3m (down 37% from FY 2020). Net income: ₹26.5m (down 24% from FY 2020). Profit margin: 6.2% (up from 5.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₹24.50, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 16x in the Forestry industry in India. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 22% share price gain to ₹13.10, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 17x in the Forestry industry in India. Total loss to shareholders of 45% over the past three years. Reported Earnings • Nov 27
Full year 2020 earnings released: EPS ₹2.05 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₹681.6m (up 27% from FY 2019). Net income: ₹34.8m (up 77% from FY 2019). Profit margin: 5.1% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Duyuru • Nov 26
Milton Industries Limited, Annual General Meeting, Dec 16, 2020 Milton Industries Limited, Annual General Meeting, Dec 16, 2020, at 15:00 Indian Standard Time. Location: ½ Chitra Ami Appartment, Opp La Gajjar Chambers Ashram Road Ahmedabad India Agenda: To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2020 and the Statement of Profit and Loss Account for the period ended 31st March, 2020 and the Report of Directors and Auditor thereon; to appoint a Director in place of Mr. Vikas Jain, who retires by rotation pursuant to the provisions of the Articles of Association of the Company and being eligible, offers himself for re-appointment; to appoint a Director in place of Mr. Ajay Jain, who retires by rotation pursuant to the provisions of the Articles of Association of the Company and being eligible, offers himself for re-appointment; and to transact such other business issues. Is New 90 Day High Low • Nov 17
New 90-day high: ₹13.50 The company is up 30% from its price of ₹10.35 on 19 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 11
New 90-day high: ₹13.30 The company is up 5.0% from its price of ₹12.70 on 13 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Forestry industry, which is up 4.0% over the same period. Duyuru • Sep 19
Milton Industries Limited to Report Q4, 2020 Results on Jul 30, 2020 Milton Industries Limited announced that they will report Q4, 2020 results on Jul 30, 2020 Is New 90 Day High Low • Sep 18
New 90-day low: ₹9.90 The company is down 24% from its price of ₹13.00 on 19 June 2020. The Indian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 13% over the same period. Duyuru • Jul 17
Milton Industries Limited Announces Temporary Shut Down of Registered Office and Plants Milton Industries Limited announced that in view of the nation wide lockdown for a period of 21 Days starting from March 25, 2020 enforced by the central government of India to prevent and spreading of the COVID-19 Virus the Registered office and Plants will remain shut down until the lockdown is lifted by the central government.