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10 Yrs X-Ray 
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Analyst Note 
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About
Milestone Global Ltd (531338)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531338 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Milestone Global Share Price
₹17.31 0.00 (0.00%)
As on 04-Sep'26 16:59
Milestone Global Ltd (531338)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531338 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Milestone Global Share Price
₹17.31 0.00 (0.00%)
As on 04-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹9 Cr.
Current Price
₹17.3
52-Week Low / High
₹16 / 31
TTM EPS
₹0.6
TTM Sales
₹12 Cr.
Book Value per Share
₹20.2
P/E Ratio
31.42
Higher than its 5-year historical median
Industry PE
40.1
Price to Book (P/B)
0.86
Lower than its 5-year historical median
Price to Sales (P/S)
0.72
In line with its 5-year historical median
EV/EBITDA
11.23
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.79%
In line with industry median
Return on Capital Employed (ROCE)
3.77%
Underperforms industry median
Return on Assets (ROA)
2.54%
Operating Profit Margin
2.5%
Net Profit Margin
2.3%
Gross Profit Margin
6.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-1.31%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-37.21%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
0%
Asset Quality
Promoter Holding
73.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5 Cr.
Equity
₹5 Cr.
Face Value
₹10
All Time Low / High
₹2.05 / 46.18
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Milestone Global Ltd a good quality company?
Milestone Global Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Milestone Global Ltd performance compare with that of its Peers?
Revenue growth of Milestone Global Ltd vs industry peers?
Milestone Global Ltd revenue CAGR is -1.58%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Milestone Global Ltd?
Promoters hold 73.27% of the Milestone Global Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Milestone Global Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.2% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Milestone Global Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.4% | 3.3% | 4.3% | 4.6% | 5.5% | 10.7% | 10.4% | 9.7% | 4% | 3.8% | - |
| Value Creation Index ⓘ | -0.9 | -0.8 | -0.7 | -0.7 | -0.6 | -0.2 | -0.3 | -0.3 | -0.7 | -0.7 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 8.5 | 9.3 | 11.4 | 12 | 13 | 18 | 14.6 | 15.1 | 12.2 | 12 | 12 |
| Sales YoY Gr. | - | 10.1% | 21.7% | 5.6% | 8.6% | 38.2% | -19.1% | 3.6% | -19.2% | -1.3% | - |
| Adj EPS ⓘ | 0.2 | 0.1 | 0.1 | 0.1 | -0.2 | 1.2 | 0.7 | 1.1 | 0.3 | -0 | 0.6 |
| YoY Gr. | - | -50% | 55.6% | -21.4% | -236.4% | NA | -38.8% | 53.5% | -72.5% | -106.7% | - |
| BVPS (₹) ⓘ | 14.4 | 14.6 | 14.8 | 15 | 15 | 16.4 | 17.6 | 18.9 | 19.5 | 20.1 | 20.2 |
| Adj Net Profit ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | -0.1 | 0.6 | 0.4 | 0.6 | 0.2 | -0 | 0 |
| Cash Flow from Ops. ⓘ | 0.5 | -0 | 0.1 | 0.3 | -0.1 | 2.6 | 1 | -0.1 | 0.3 | -0.3 | - |
| Debt/CF from Ops. ⓘ | 5.3 | -106.3 | 19.3 | 8.8 | -31.6 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4% | -1.6% | -6.2% | -1.3% | ||||
| Adj EPS ⓘ | -178.3% | NA | -130.4% | -106.7% | ||||
| BVPSⓘ | 3.8% | 5.9% | 4.4% | 2.8% | ||||
| Share Price | 14.2% | 5.4% | 0.6% | -27% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.2 | 0.6 | 1 | 0.7 | -1 | 7.4 | 4.2 | 6 | 1.6 | -0.1 | 2.7 |
| Op. Profit Mgn % ⓘ | 8 | 5.2 | 5.2 | 4.9 | 5.1 | 6 | 4.9 | 6.4 | 4 | 2.5 | 2.8 |
| Net Profit Mgn % ⓘ | 1.1 | 0.5 | 0.6 | 0.5 | -0.6 | 3.2 | 2.5 | 3.6 | 1.3 | -0.1 | 2.3 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 232 | 205 | 177 | 181 | 182 | 124 | 130 | 127 | 165 | 181 | 53 |
| Cash Conv. Cycle ⓘ | 146 | 134 | 123 | 133 | 131 | 85 | 79 | 71 | 107 | 133 | 47 |
Valuation of Milestone Global - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.48 | 9.34 | 11.37 | 12.01 | 13.04 | 18.02 | 14.58 | 15.10 | 12.20 | 12.04 |
| Operating Expenses ⓘ + | 7.86 | 8.86 | 10.83 | 11.44 | 12.37 | 16.95 | 13.90 | 14.14 | 11.77 | 11.77 |
| Operating Profit ⓘ | 0.63 | 0.48 | 0.54 | 0.57 | 0.67 | 1.06 | 0.68 | 0.96 | 0.43 | 0.27 |
| Operating Profit Margin (%) | 7.4% | 5.1% | 4.7% | 4.7% | 5.1% | 5.9% | 4.7% | 6.4% | 3.5% | 2.3% |
| Other Income ⓘ + | 0.06 | 0.14 | 0.14 | 0.14 | 0.15 | 0.20 | 0.46 | 0.25 | 0.30 | 0.46 |
| Interest ⓘ | 0.28 | 0.25 | 0.26 | 0.27 | 0.23 | 0.11 | 0 | 0.01 | 0 | 0 |
| Depreciation ⓘ | 0.33 | 0.31 | 0.27 | 0.26 | 0.26 | 0.26 | 0.26 | 0.33 | 0.34 | 0.36 |
| Profit Before Tax ⓘ | -0.14 | 0.06 | 0.14 | 0.18 | 0.33 | 0.88 | 0.89 | 0.88 | 0.39 | 0.37 |
| Tax ⓘ | -0.04 | -0.05 | 0.03 | 0.05 | 0.33 | 0.22 | 0.25 | 0.23 | 0.10 | 0.10 |
| Profit After Tax | -0.10 | 0.11 | 0.11 | 0.12 | 0 | 0.67 | 0.64 | 0.65 | 0.28 | 0.28 |
| PAT Margin (%) | -1.2% | 1.2% | 1.0% | 1.0% | 0.0% | 3.7% | 4.4% | 4.3% | 2.3% | 2.3% |
| Adjusted EPS (₹) | -0.2 | 0.2 | 0.2 | 0.2 | 0.0 | 1.3 | 1.3 | 1.3 | 0.6 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 7.20 | 7.31 | 7.42 | 7.54 | 7.54 | 8.21 | 8.85 | 9.50 | 9.78 | 10.06 | |
| Debt + | 2.42 | 2.13 | 1.96 | 2.16 | 2.84 | 0.04 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 0.21 | 0.43 | 0.48 | 0.76 | 0.59 | 0.58 | 0.71 | 0.73 | 0.37 | 0.44 | |
| Others Liabilities ⓘ | 0.08 | 0.05 | 0.03 | 0.09 | 0.53 | 0.83 | 0.65 | 0.46 | 0.49 | 0.67 | |
| Total Liabilities ⓘ | 9.92 | 9.91 | 9.89 | 10.56 | 11.50 | 9.65 | 10.21 | 10.69 | 10.64 | 11.17 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 3.18 | 3.35 | 3.24 | 3.20 | 3.22 | 3.02 | 3.45 | 3.14 | 3.18 | 2.92 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0.04 | 0.04 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 0.71 | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 | 1.10 | 1.11 | 1.29 | 1.27 | |
| Inventories | 2.47 | 2.53 | 3.12 | 3.61 | 2.49 | 1.42 | 1.66 | 2.02 | 1.94 | 2.77 | |
| Trade Receivables | 1.23 | 1.40 | 1.66 | 1.77 | 3.09 | 2.84 | 1.81 | 2.11 | 2.34 | 2.66 | |
| Cash Equivalents | 0.86 | 0.45 | 0.14 | 0.34 | 0.61 | 0.35 | 0.73 | 0.82 | 0.78 | 0.41 | |
| Others Assets ⓘ | 1.48 | 1.37 | 0.93 | 0.83 | 1.25 | 1.17 | 1.46 | 1.49 | 1.11 | 1.14 | |
| Total Assets ⓘ | 9.92 | 9.91 | 9.89 | 10.56 | 11.50 | 9.65 | 10.21 | 10.69 | 10.64 | 11.17 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 0.46 | -0.02 | 0.10 | 0.25 | -0.09 | 2.62 | 0.98 | -0.09 | 0.31 | -0.27 |
| Cash Flow From Investing Activity ⓘ + | 0.06 | 0.10 | 0.27 | -0.39 | -0.34 | 0.12 | -0.93 | 0.04 | -0.52 | -0.09 |
| Cash Flow From Financing Activity ⓘ + | -0.45 | -0.18 | -0.27 | 0.17 | 0.68 | -2.83 | 0.33 | 0.14 | 0.18 | 0 |
| Net Cash Flow ⓘ | 0.07 | -0.09 | 0.10 | 0.03 | 0.25 | -0.09 | 0.38 | 0.09 | -0.02 | -0.37 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -1.38 | 1.56 | 1.52 | 1.62 | 0.04 | 8.48 | 7.47 | 7.1 | 2.93 | 2.79 |
| ROCE (%) | 1.38 | 3.32 | 4.25 | 4.63 | 5.54 | 10.68 | 10.42 | 9.65 | 4.01 | 3.77 |
| Asset Turnover Ratio | 0.83 | 0.94 | 1.15 | 1.17 | 1.18 | 1.7 | 1.47 | 1.45 | 1.14 | 1.1 |
| PAT to CFO Conversion(x) | N/A | -0.18 | 0.91 | 2.08 | N/A | 3.91 | 1.53 | -0.14 | 1.11 | -0.96 |
| Working Capital Days | ||||||||||
| Receivable Days | 55.90 | 51.50 | 49.20 | 52.20 | 68 | 60 | 58.20 | 47.40 | 66.70 | 75.90 |
| Inventory Days | 104.30 | 97.70 | 90.70 | 102.20 | 85.40 | 39.60 | 38.60 | 44.50 | 59.20 | 71.30 |
| Payable Days | 22 | 24.70 | 28.30 | 35.40 | 34.80 | 24.40 | 27.50 | 30.20 | 32.40 | 25.90 |
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Milestone Global Ltd FAQs
The current trading price of Milestone Global on 04-Sep-2026 16:59 is ₹17.31.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Sep-2026 the market cap of Milestone Global stood at ₹8.69 Cr
The latest P/E ratio of Milestone Global as of 03-Sep-2026 is 31.42.
The latest P/B ratio of Milestone Global as of 03-Sep-2026 is 0.86.
The 52-week high of Milestone Global is ₹31.04 and the 52-week low is ₹16.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Milestone Global is ₹12.04 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Milestone Global Ltd is a below average quality company.
The key valuation ratios of Milestone Global Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Milestone Global Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Milestone Global Ltd
Milestone Global Limited, established in the year 1991, has created a repertoire of superior monuments and memorials. The unit is strategically located in the center of india’s rich granite belt having easy access to over 30 colors of granite. Besides the indian granites, it carries south african, norwegian and finnish granites.
The state of art machinery and skilled staff makes milestone global ltd one of the worlds most modern manufacturing units providing a wide range of high quality memorials & monuments.
In the last 17 years the company has established an enviable track record of providing total customer satisfaction and strictly adhering to given delivery schedules.Milestone Global (UK) Ltd was established in the year 2005 for the sole purpose of rendering better quality & services to its customers as compared to other importers of granite into the United Kingdom.State of the art CNC Machinery is used in the entire finishing process of sawing, polishing, profiling & sculpting.
Milestone global limited has executed prestigious projects like war memorials and town center squares in the USA, Ireland, UK, and the UAE.
Projects undertaken by the company:
- The town of Waterford, in Ireland, famous for its crystal all over the world acquired a new landmark in April last year. The Crystalline shaped sculpture in Black Granite was erected in the middle of the Waterford Town Square in April this year. Ireland’s famous sculptress Ms.Eileen Mc Donah designed this and manufactured by Sangeeta Granites Limited.This sculpture having a total height of 18 feet and maximum width of 5 feet was produced in two pieces.Milestone Global also supplied for this project Black Granite cubes dressed by hand, for paving the area around the sculpture. These Black cubes depict river flowing around the sculpture. Sangeeta also supplied 16 solid granite benches (8ft X 2ft X 2ft) in Black, which were placed around the sculpture to provide a place to relax for the People of Waterford.
- The Red Fountain : This was erected at the Exhibition Road Round About in Baharain, UAE in the early 1990's.
- War Memorial: California Harbour, USA :This is a multipiece black granite memorial erected at the San Diego, CA Harbor on 23rd October 1996. The monument weighed 25000 lbs.
The product range of the company includes
Pre-Fabricated Staircase, Rough Granite Kerbs, Bollards, Pier Caps, Balls, Quion Stone and different varieties of tiles.
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