Is Skyline Millars Ltd (505650) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Skyline Millars Ltd is a below average quality company .

Is Skyline Millars Ltd (505650) undervalued or overvalued?

The key valuation ratios of Skyline Millars Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Skyline Millars Ltd (505650) share price return in the past 10 years?

Skyline Millars Ltd share price has appreciated 19.8% annually (CAGR) over the past ten years.

Is Skyline Millars Ltd (505650) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Skyline Millars Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Skyline Millars Ltd (505650)?

Company share prices are keep on changing according to the market conditions. The current trading price of Skyline Millars Ltd (505650) on 10-Apr-2026 16:59:59 at 16:59 is 17.65.

What is the P/E ratio of Skyline Millars?

The latest standalone P/E ratio of Skyline Millars as of 10-Apr-2026 is 0.00.

What is the P/B ratio of Skyline Millars Ltd (505650)?

The latest standalone P/B ratio of Skyline Millars Ltd (505650) as of 10-Apr-2026 is 2.97.

What is the 52-week high and low of Skyline Millars Ltd (505650)?

The 52-week high of Skyline Millars Ltd (505650) is Rs. 36.55 and the 52-week low is Rs. 14.15.

Skyline Millars Ltd (505650) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Skyline Millars Ltd (505650)
Brand: Skyline Millars

Key Metrics

Market Cap

₹71 Cr.

P/E Ratio

0.00

Price to Book (P/B)

2.97

Price to Sales (P/S)

17.52

EV/EBITDA

-206.16

Return on Capital Employed (ROCE)

-0.79%

Current Price

₹17.7

Return on Equity (ROE)

-0.79%

Return on Assets (ROA)

-0.73%

Operating Profit Margin

-34.7%

Net Profit Margin

-9.12%

Gross Profit Margin

-8.5%

Book Value per Share

₹5.9

Sales Growth (YoY)

NA%

Sales Growth (3 Years)

NA%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹14 / 37

Net Profit Growth (3 Years)

NAN%

Dividend Yield

0.00%

Promoter Holding

71.38%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1

Skyline Millars Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Construction - Real Estate segment.

Q.1 Gross Profit margin of Skyline Millars Ltd?

Skyline Millars Ltd Gross profit margin which is the profit after deduction of direct costs, is -8.5% for FY-2025 , which is below its 5 year median of 0% , indicating decreasing margins.

Q.1 Promoter shareholding and pledge status of Skyline Millars Ltd?

Promoters hold 71.38% of the Skyline Millars Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Skyline Millars Ltd vs industry peers?

Skyline Millars Ltd revenue CAGR is -10.93% , compared to the industry median CAGR of 217.77% , indicating slower growth and losing its market share.

Q.1 Stock return of Skyline Millars Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of 19.8% based on the current price.

Q.1 Is Skyline Millars Ltd a good quality company?

Skyline Millars Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Skyline Millars

Based on:

Data

M-Cap below 100cr DeciZen not available

Skyline Millars stock performance

Key Ratios

Is Skyline Millars Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-6.4%	1.4%	-7.7%	1.7%	7.9%	12%	3%	-6%	-3.8%	-0.8%	-
Value Creation Index ⓘ	-1.5	-0.9	-1.6	-0.9	-0.4	-0.2	-0.8	-1.4	-1.3	-1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	8.8	2.1	3	4.5	3.8	4.2	0	0.2	0	2.1	4
Sales YoY Gr.	-	-76.5%	47.6%	48%	-15.6%	11.6%	-100%	NA	-100%	NA	-
Adj EPS ⓘ	-0.9	-1.7	-0.3	0.2	0.2	0.7	0.2	-0.4	-0.2	-0.1	-0.1
YoY Gr.	-	NA	NA	NA	43.8%	195.7%	-69.1%	-290.5%	NA	NA	-
BVPS (₹) ⓘ	8.2	6.8	5.9	5.9	6.1	6.7	6.9	6.4	6.2	6.1	5.9
Adj Net Profit ⓘ	-3.5	-7	-1.2	0.7	0.9	2.8	0.8	-1.6	-1	-0.3	-0
Cash Flow from Ops. ⓘ	0.4	-0.6	-3.2	2.7	3	3.5	0.5	-1.7	-1.3	-2.5	-
Debt/CF from Ops. ⓘ	13	-3.3	-0.7	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-14.5%	-10.9%	NA	NA
Adj EPS ⓘ	NA	-181%	-172.5%	NA
BVPSⓘ	-3.2%	0%	-3.9%	-1.1%
Share Price	19.8%	14.9%	15%	6.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-10.1	-23.4	-4.8	2.8	3.9	10.7	3	-6	-3.8	-1.4	-1.3
Op. Profit Mgn % ⓘ	-21.2	-520.3	-19.4	19.9	16.1	57.1	0	-1350.4	0	-34.7	-19.9
Net Profit Mgn % ⓘ	-39.8	-340.1	-40.4	14.5	24.8	64.8	0	-1069.3	0	-15.6	-7.9
Debt to Equity ⓘ	0.2	0.1	0.1	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	1,153	4,875	3,424	2,021	2,117	1,571	0	38,708	0	2,976	954
Cash Conv. Cycle ⓘ	174	1,556	1,809	1,186	1,311	1,122	0	30,447	0	2,393	936

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-0.1	-
TTM Sales (₹ Cr.)	4.1	-
BVPS (₹) ⓘ	5.9	-
Reserves (₹ Cr.) ⓘ	20	-
P/BV ⓘ	2.97	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	14.15 / 36.55
All Time Low / High (₹)	0.15 / 36.55
Market Cap (₹ Cr.)	71
Equity (₹ Cr.)	4
Face Value (₹)	1
Industry PE ⓘ	45.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Skyline Millars - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	8.75	2.06	3.04	4.50	3.80	4.24	0	0.15	0	2.13
Operating Expenses ⓘ +	10.60	3.55	3.63	4.31	2.25	1.82	1.23	2.18	1.40	2.87
Manufacturing Costs	1.90	1.16	2.45	1.01	0.25	0.15	0.12	0.67	1.26	2.06
Material Costs	4.30	0.29	-0.56	0.77	0.27	0.73	0	-0.10	-1.02	-0.71
Employee Cost	1.17	0.75	0.58	0.54	0.36	0.29	0.34	0.32	0.30	0.29
Other Costs ⓘ	3.23	1.35	1.16	2	1.36	0.65	0.77	1.30	0.87	1.24
Operating Profit ⓘ	-1.86	-1.49	-0.59	0.19	1.55	2.42	-1.23	-2.03	-1.40	-0.74
Operating Profit Margin (%)	-21.2%	-72.0%	-19.4%	4.1%	40.8%	57.1%	-	-1,350.4%	-	-34.7%
Other Income ⓘ +	0.31	2.17	0.07	0.38	0.36	0.68	2.07	0.43	0.46	0.56
Exceptional Items ⓘ	0	0	-1.42	0	0	0	0	0	0	0
Interest ⓘ	0.80	0.24	0.10	0.25	0	0	0	0	0	0
Depreciation ⓘ	0.99	0.21	0.19	0.16	0.03	0.03	0.02	0.01	0.01	0.01
Profit Before Tax ⓘ	-3.33	0.24	-2.22	0.16	1.88	3.07	0.83	-1.61	-0.95	-0.19
Tax ⓘ	0.14	-2.05	0	0	-0	0.32	-0	0	0	0
Profit After Tax	-3.48	2.29	-2.22	0.16	1.88	2.75	0.83	-1.61	-0.95	-0.19
PAT Margin (%)	-39.8%	111.1%	-73.1%	3.5%	49.6%	64.8%	-	-1,069.3%	-	-9.1%
Adjusted EPS (₹)	-0.9	0.6	-0.6	0.0	0.5	0.7	0.2	-0.4	-0.2	-0.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	32.83	27.15	23.75	23.53	24.47	26.86	27.61	25.77	24.77	24.51
Share Capital ⓘ	4.02	4.02	4.02	4.02	4.02	4.02	4.02	4.02	4.02	4.02
Reserves ⓘ	28.81	23.13	19.73	19.51	20.45	22.84	23.59	21.74	20.75	20.49
Debt +	4.23	0.01	2.17	0	0	0	0	0	0	0
Long Term Debt	2.18	0	0	0	0	0	0	0	0	0
Short Term Debt	2.05	0.01	2.17	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0.90	0.03	0.03	0	0	0	0	0	0	0.17
Others Liabilities ⓘ	7.80	6.06	2.19	1.87	1.52	0.70	0.83	1.30	2.45	1.34
Total Liabilities ⓘ	45.75	33.25	28.14	25.40	26	27.57	28.44	27.06	27.23	26.02
Fixed Assets
Net Fixed Assets ⓘ +	16.65	1.71	1.52	1.35	1.21	0.28	0.26	0.25	0.27	0.07
Gross Block	20.14	2.27	2.27	2.22	2.22	0.44	0.40	0.40	0.43	0.19
Accumulated Depreciation	3.49	0.56	0.75	0.88	1.01	0.16	0.14	0.15	0.16	0.11
CWIP ⓘ	0.12	0	0	0	0	0	0	0	0	0
Investments ⓘ	0.03	0.04	0.05	0.04	0.39	0.01	0.01	0	0	0.01
Inventories	1.80	14.14	14.60	13.62	13.17	12.45	12.47	12.57	13.59	14.31
Trade Receivables	2.41	0.91	0.69	0.35	0.13	0.28	0.07	0	0	0.21
Cash Equivalents ⓘ	1.91	0.52	0.25	0.50	3.87	7.66	8.55	7.72	6.86	5.07
Others Assets ⓘ	22.84	15.93	11.03	9.54	7.22	6.89	7.09	6.51	6.50	6.36
Total Assets ⓘ	45.75	33.25	28.14	25.40	26	27.57	28.44	27.06	27.23	26.02

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0.41	-0.64	-3.18	2.65	3.04	3.49	0.51	-1.67	-1.26	-2.53
PBT ⓘ	-3.33	-7.95	-3.41	-0.21	0.95	2.71	0.74	-1.84	-0.99	-0.26
Adjustment ⓘ	2.19	6.33	0.72	0.69	0.70	-0.24	-0.35	0.09	-0.45	-0.54
Changes in Working Capital ⓘ	1.62	1.01	-0.47	2.28	1.35	0.98	0.1	0.02	0.18	-1.72
Tax Paid ⓘ	-0.07	-0.03	-0.01	-0.10	0.05	0.03	0.02	0.07	-0	0
Cash Flow From Investing Activity ⓘ +	-0.04	3.10	2.97	0.02	0.33	0.30	0.37	1.53	1.69	2.58
Capex	-0.08	2.83	2.96	0.02	0.01	0.04	0	0	-0.03	0.38
Net Investments	0.06	0.21	0	-0	0.03	0	0	0.69	1.29	1.84
Others ⓘ	-0.02	0.06	0.01	0.01	0.29	0.26	0.37	0.84	0.42	0.36
Cash Flow From Financing Activity ⓘ	-0.78	-3.81	-0.06	-2.42	0	-0	0	0	0	0
Net Proceeds from Shares ⓘ +	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-0.78	-1.19	-3.67	-2.63	0	0	0	0	0	0
Interest Paid ⓘ	-0.74	-0.57	-0.06	-0.75	0	-0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.73	-2.04	3.67	0.96	0	0	0	0	0	0
Net Cash Flow ⓘ	-0.42	-1.35	-0.27	0.25	3.37	3.79	0.88	-0.14	0.43	0.05

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-10.06	7.64	-8.72	0.66	7.85	10.7	3.04	-6.03	-3.76	-0.79
ROCE (%)	-6.35	1.41	-7.7	1.65	7.85	11.96	3.03	-6.03	-3.76	-0.79
Asset Turnover Ratio	0.19	0.05	0.1	0.17	0.15	0.16	0	0.01	0	0.08
PAT to CFO Conversion(x)	N/A	-0.28	N/A	16.56	1.62	1.27	0.61	N/A	N/A	N/A
Working Capital Days
Receivable Days	110	279	96	42	23	18	0	88	0	36
Inventory Days	133	1,339	1,717	1,145	1,288	1,104	0	0	0	2,388
Payable Days	99	592	-18	6	1	0	0	0	0	-87

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Skyline Millars Ltd FAQs

The current trading price of Skyline Millars on 10-Apr-2026 16:59 is ₹17.65.

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 09-Apr-2026 the market cap of Skyline Millars stood at ₹71.00 Cr

The latest P/E ratio of Skyline Millars as of 09-Apr-2026 is 0.00.

The latest P/B ratio of Skyline Millars as of 09-Apr-2026 is 2.97.

The 52-week high of Skyline Millars is ₹36.55 and the 52-week low is ₹14.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Skyline Millars is ₹4.05 ( Cr.) .

About Skyline Millars Ltd

Skyline Millars (SML) formerly Millars India Limited, was incorporated as The ACME Manufacturing Company Limited on November 28,1919 under the Indian Companies Act, 1913. Its name was changed to Millars India Limited on January 4, 2002. The companyâ€™s registered office is at 24, Kurla â€“ Kirol Road, Ghatkopar (West), Mumbai â€“ 400 086.

The company was promoted by the Walchand Group; Ashok Patel son of J.V.Patel acquired the shares from Walchand Group and took over the management in 1972. Khandelwal Udyog Limited a manufacturer of EOT cranes & millars timber and a trading company were acquired by J.V. Patel in 1969 and 1970 respectively. Khandelwal Udyog Limited was merged with The ACME Manufacturing Company Limited with effect from October 1, 1974 as per the order of the Bombay High Court dated August 13, 1976.

The running business of construction machinery of Millars Machinery Company Private Limited was taken over by the company in 1984. Ashok J. Patel was the managing director of the company from 1974 to 1984 and thereafter he became the chairman of the company and continues to be the chairman of the company. He is also the managing director of GMM Pfaudler Limited .

The main activities of the company are manufacturing of construction equipment and EOT cranes. It has recently entered into property development business. The companyâ€™s manufacturing activities which were being carried out at its unit at Ghatkopar, Mumbai have been fully shifted since October, 2003 from Ghatkopar, Mumbai to its works at Karamsad, Gujarat.

The company continued to make operating profits and net profits up to 1994-95. It started incurring operating losses from 1995-96. Due to recession in the capital goods industry and high labour cost at Ghatkopar, Mumbai, the crane manufacturing activity at Ghatkopar started incurring losses from 1996 and thereafter due to continuous losses in the company for four years, it was declared as a sick industrial undertaking by the Board for Industrial and Financial Reconstruction (BIFR). BIFR sanctioned a scheme of Rehabilitation in 2001 appointing Bank of India as a monitoring agency.

As a rehabilitation measure, the company shifted its manufacturing activities from Ghatkopar, Mumbai to Karamsad, Gujarat in October, 2003 and entered into joint development agreement for its Ghatkopar property with M/s Skyline Vision Private Limited. The company adopted various other rehabilitation measures which has resulted in its net worth becoming positive from 2003-04. Consequently, as per the summary record of the proceedings of the review hearing held on October 17, 2006, the BIFR has discharged the company from the purview of the Sick Industrial Companies ( Special Provisions ) Act, 1985 / BIFR. Accordingly, SML is no longer a â€œSickâ€ company.

The company is listed on the Bombay Stock Exchange and Ahemadabad Stock exchange since 1984.

Business area of the company:

The company is mainly engaged in manufacturing of construction equipment and EOT cranes

Tilting drum Mixer
High Speed Pan Mixer
Reversing Drum Mixer
HL- BW Concrete Mixer
Concrete Pump Trailor Mounted
Truck Mixer with Pump & Placing Boom
Concrete Batching Plant
Cement Storage & Handling System
Builder Hoist Inclined or Vertical

The company has also taken up property development business and is building Skyline Oasis, near Vidyavihar Staion, Mumbai

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Skyline Millars Ltd (505650) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Skyline Millars Share Price