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₹57.6

▲ +2.65 +4.82%

As of 06 Nov 2026 · delayed

NSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-11-04

Milton Industries Limited (MILTON)

Volume: 17,600Avg Vol 1W: 26,400Avg Vol 1M: 41,47052W Range:₹24.85₹57.65
NSE BSE www.miltonindustries.in AI Report
Key Ratios
Checked 8h ago
Market Cap₹67 Cr
Current Price₹57.6
Previous Close₹54.95
High / Low (52w)₹57.65 / ₹24.85
Volume17,600
Avg Vol (1W)26,400
Avg Vol (1M)41,470
Stock P/E54.34
Book Value₹28.98
Dividend Yield—
ROE—
ROA—
Revenue (TTM)₹47 Cr
Revenue Growth—
Profit Margin—
Total Debt—
Shares Outstanding—
Face Value—
EPS (TTM)₹1.06
P/B1.99
Debt / Equity0.39
50 DMA₹39.88
200 DMA₹39.4
Day change+4.82%
SurveillanceESM · ESM 1
Price Chart
₹57.6▲ 131.79% · 1Y
₹58₹256.4L
2025-11-24
2026-11-06

20-day avg volume: 41K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 19% YoY.
  • Stock trades at a high P/E of 54.
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹55 Cr₹68 Cr₹43 Cr₹60 Cr₹61 Cr₹89 Cr₹46 Cr₹47 Cr
EBITDA₹5 Cr₹7 Cr₹6 Cr₹6 Cr₹5 Cr₹6 Cr₹3 Cr₹4 Cr
Net Profit₹2 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹1 Cr₹2 Cr
EPS1.272.051.561.911.691.880.71.06
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹63 Cr₹71 Cr₹64 Cr₹62 Cr₹74 Cr₹73 Cr₹76 Cr₹75 Cr
Total Liabilities₹32 Cr₹37 Cr₹27 Cr₹22 Cr₹31 Cr₹27 Cr₹29 Cr₹26 Cr
Equity₹31 Cr₹34 Cr₹37 Cr₹40 Cr₹43 Cr₹46 Cr₹47 Cr₹49 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹9 Cr₹10 Cr₹-7 Cr₹2 Cr₹-2 Cr₹8 Cr
Investing₹-2 Cr₹-1 Cr₹1 Cr₹0 Cr₹1 Cr₹0 Cr
Financing₹-5 Cr₹-5 Cr₹6 Cr₹-3 Cr₹4 Cr₹-5 Cr
Free Cash Flow₹9 Cr₹10 Cr₹-7 Cr₹2 Cr₹-2 Cr₹8 Cr
Shareholding
Promoter 56.92% Institutions 0% Public 43.08%
Efficiency & Working Capital
ROCE5%
Interest Coverage2.6
Dividend Payout—
Debtor Days163 d
Inventory Days216 d
Payable Days42 d
Cash Conversion Cycle338 d
Working Capital Days380 d
Shareholding Details

As of 2026-09-30

Promoter56.9%
FII0%
DII0%
Institutions0%
Public43.1%
Promoter Pledge0%
No. of Shareholders260
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2023Jun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Sept 2025Mar 2026Sept 2026
Promoters73%73%73%73%73%73%73%73%73%73%73%56.9%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public27%27%27%27%27%27%27%27%27%27%27%43.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders297297290290265273258252243241229260
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Vikas JainShareholding of Promoter and Promoter Group8%13,60,718
Sulochna JainShareholding of Promoter and Promoter Group7%11,94,528
Thacker MahendraPublic Shareholding6.1%10,36,762
Vijay Pal JainShareholding of Promoter and Promoter Group5.3%8,99,138
Abhaykumar Mahipalsingh JainShareholding of Promoter and Promoter Group4.8%8,18,158
Trade Pulse Broking Private LimitedPublic Shareholding4.2%7,08,400
Jigar ManekPublic Shareholding4.1%6,88,600
Rajinder Prasad JainShareholding of Promoter and Promoter Group3.8%6,51,234
Gargi Vikas JainShareholding of Promoter and Promoter Group3.7%6,31,137
Archna JainShareholding of Promoter and Promoter Group3.7%6,23,602
Thacker Chintan ArunbhaiPublic Shareholding3.2%5,47,800
Thacker MeenakumariPublic Shareholding3%5,12,600
Saket JainShareholding of Promoter and Promoter Group3%5,12,025
Shirish Ajitbhai RuparelPublic Shareholding3%5,10,400
Niketa Saket JainShareholding of Promoter and Promoter Group2.8%4,77,598
Preeti Abhaykumar JainShareholding of Promoter and Promoter Group2.8%4,74,655
Ajay JainShareholding of Promoter and Promoter Group2.2%3,74,442
Dheeraj Kumar LohiaPublic Shareholding1.8%3,03,600
Aadit JainShareholding of Promoter and Promoter Group1.7%2,83,800
Manav JainShareholding of Promoter and Promoter Group1.6%2,64,000
Neha JainShareholding of Promoter and Promoter Group1.5%2,47,846
Sunit JainShareholding of Promoter and Promoter Group1.5%2,45,913
Mehul Kishore KakkadPublic Shareholding1.1%1,89,200
Saroj Kumari JainShareholding of Promoter and Promoter Group1%1,69,884
Mahipal Singh Jain HufShareholding of Promoter and Promoter Group0.7%1,21,413
Board of Directors
NameDesignationYear
Vijay Pal JainChairman / Executive Director / M D / Promoter2025
Saket JainED / WTD / CFO / Promoter2025
Neha JainNon Executive Director2025
Vikas JainWTD & Executive Director2025
Abhay Kumar Mahipalsingh JainWTD & Executive Director2025
Ajay Mahipal Singh JainNon Executive Director2025
Mahesh Samatbhai PatelIndependent Non Exe. Director2025
Rakesh MehtaniIndependent Non Exe. Director2025
Vaibhav JainIndependent Non Exe. Director2025
Ronak MaheshwariCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Laminate Division₹4 Cr8.7%
Rexine Division₹8 Cr17.4%
GFRE Sheets₹33 Cr73.8%
Segments — Geography
RegionRevenueShare
India₹56 Cr94.1%
Outside India₹3 Cr5.9%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10171717
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500021218
2025000105
2025000189
Company Information
Incorporated1985
ChairmanVijay Pal Jain
AuditorKPSJ & Associates LLP
Investor Email[email protected]
🌐 www.miltonindustries.in ↗

📍 1/2 Chitra-Ami Appartment, Opp La Gajjar Chamber AshramRd, Ahmedabad, Gujarat, 380009

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