Micro Miscellaneous

Milestone Global Ltd.

MILESTONE

₹28.61

4.99% (1.36)

Market Cap

₹14 Cr.

P/E

70.12

Milestone Global Ltd.
Overview
Financials
Benchmarking
Shareholding

Milestone Global Ltd.

Milestone Global Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Milestone Global Ltd. Shareprice

Has the share price of Milestone Global grown faster than its competition?

Milestone Global has given lower returns compared to its competitors.
Milestone Global has grown at ~-8.8% over the last 1yrs while peers have grown at a median rate of 21.66%

Is Milestone Global stock expensive?

Yes, Milestone Global is expensive.
Latest PE of Milestone Global is 70.12, while 3 year average PE is 31.31.
Also latest EV/EBITDA of Milestone Global is 41.76 while 3yr average is 18.07.

View FAQ's On Business

Growth Table

Milestone Global Ltd.
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-3.93	30.04	18.39	28.19	21.60	11.83	11.54	21.30	21.21	16.99
TTM EPS CAGR	-72.00	-31.15	-34.64	-5.93	-4.85	-1.65	17.03	—	4.88	5.49
Sales CAGR	-20.64	-10.93	-12.86	-1.70	-0.21	0.54	4.02	4.76	4.21	5.33
PAT Margin (Abs Growth)	0.62	0.77	5.69	2.60	2.90	1.58	5.93	6.51	7.73	4.33
PE CAGR	226	88.44	80.85	36.11	27.67	13.61	-4.76	—	15.50	10.85
CFO CAGR	-132	—	36.63	—	—	51.17	—	—	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Milestone Global Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	9.45	9.28	9.44	9.54	10.36	11.04	9.41	9.96	10.52	10.96
Non Current Assets	3.95	3.80	3.52	3.41	3.35	3.05	2.82	3.20	2.90	3.18
Net Block	3.34	3.20	3.37	3.26	3.22	3.20	3.02	3.45	3.14	3.18
Capital Work in Progress	0.00	0.00	0.00	0.00	0.00	0.04	0.04	0.00	0.00	—
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	—
Long Term Investments	—	—	—	—	—	—	—	—	—	—
Current Assets	5.53	5.55	6.07	6.28	7.14	7.79	6.35	6.50	7.38	7.78
Inventory	2.38	2.47	3.20	3.52	4.15	3.08	1.99	1.92	2.50	2.95
Accounts Receivable	1.25	1.13	0.98	1.58	1.50	2.71	2.40	1.58	2.07	1.61
Short Term Investments	—	—	—	—	—	—	—	0.30	0.31	0.37
Cash & Bank Balances	1.19	1.16	0.52	0.24	0.54	0.76	0.68	1.18	1.02	1.18
Liabilities	9.45	9.28	9.44	9.54	10.36	11.04	9.41	9.96	10.52	10.96
Shareholders Funds	6.25	6.46	6.84	7.04	7.30	7.02	7.89	8.54	9.27	9.47
Share Capital	5.02	5.02	5.02	5.02	5.02	5.02	5.02	5.02	5.02	5.02
Reserves	1.24	1.44	1.82	2.02	2.28	2.00	2.87	3.52	4.25	4.45
Non Current Liabilities	0.00	-0.06	-0.15	-0.15	-0.13	0.20	0.28	0.26	0.25	0.25
Secured Loans	0.04	0.01	—	—	—	—	0.04	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	—
Current Liabilities	3.19	2.88	2.75	2.65	3.19	3.82	1.25	1.17	1.00	1.24
Accounts Payable	0.37	0.21	0.43	0.50	0.77	0.64	0.58	0.71	0.73	0.56
Short Term Loans	2.59	2.41	2.13	1.96	2.16	2.84	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Milestone Global Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	9.02	8.80	10.02	11.92	12.44	13.18	18.60	15.51	15.51	12.31
Operating Expenses	8.29	8.17	9.34	11.29	11.73	12.68	17.77	14.84	14.47	12.00
Raw Material	4.95	4.66	5.65	5.97	6.72	6.32	8.26	8.65	8.99	6.00
Material Cost (%)	56.66	52.74	48.91	49.12	51.64	53.45	47.37	57.32	54.66	45.85
Employee Cost	1.04	1.11	0.84	0.95	1.08	1.29	1.79	1.48	1.31	1.67
Power & Fuel Cost	0.28	0.32	0.33	0.42	0.48	0.41	0.51	0.42	0.45	—
Operating Profit	0.73	0.63	0.68	0.62	0.71	0.50	0.84	0.67	1.04	0.31
Other Income	0.17	0.06	0.14	0.16	0.14	0.19	0.49	0.47	0.25	0.33
OPM (%)	8.09	7.15	6.80	5.23	5.67	3.77	4.49	4.32	6.71	2.49
Depreciation and Amortisation	0.31	0.33	0.31	0.27	0.26	0.26	0.26	0.26	0.33	0.34
Interest	0.31	0.29	0.25	0.26	0.27	0.23	0.11	0.00	0.01	0.00
Profit Before Tax	-0.15	-0.15	0.26	0.25	0.32	0.20	0.95	0.88	0.96	0.30
Tax	0.01	-0.04	-0.05	0.03	0.05	0.33	0.22	0.25	0.23	0.10
Net Profit	-0.16	-0.11	0.31	0.22	0.26	-0.13	0.73	0.63	0.73	0.19
Number of shares(Crs)	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Milestone Global Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	1.37	0.59	-0.03	0.10	0.35	-0.13	2.72	1.07	-0.34	0.40
Profit Before Tax	-0.15	-0.15	0.26	0.25	0.32	0.20	0.95	0.88	0.96	0.30
Adjustments	0.94	0.92	0.50	0.31	0.28	0.14	0.34	-0.17	0.13	0.14
OCF Before Working Capital	0.78	0.77	0.77	0.55	0.60	0.33	1.29	0.71	1.08	0.44
Working Capital Changes	0.60	-0.19	-0.80	-0.42	-0.22	-0.43	1.64	0.47	-1.11	0.01
Taxes Paid	-0.02	0.01	0.00	-0.03	-0.04	-0.04	-0.21	-0.11	-0.31	-0.05
Cash from Investing Activity	-0.62	-0.17	-0.12	0.27	-0.39	-0.34	0.10	-0.93	0.04	-0.40
Net Fixed Assets Purchased	-0.66	-0.22	-0.48	-0.16	-0.23	-0.33	-0.08	-0.64	-0.02	-0.35
Fixed Assets Purchased	-0.68	-0.22	-0.48	-0.20	-0.23	-0.33	-0.08	-0.64	-0.02	-0.38
Fixed Assets Sold	0.02	-0.00	—	0.04	—	—	—	—	—	0.03
Investment Purchased	—	—	—	—	-0.18	-0.01	—	-0.30	-0.01	—
Investment Sold	—	—	—	0.41	—	—	0.17	0.00	—	—
Interest Recieved	0.04	0.06	0.04	0.03	0.01	0.02	0.01	0.01	0.00	0.01
Dividends Recieved	—	—	—	—	—	—	—	0.00	0.00	0.00
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-0.53	-0.45	-0.18	-0.25	0.17	0.68	-2.73	0.35	0.14	0.18
Proceeds From Shares	—	—	—	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	-0.02	0.00	0.00	0.00	-0.03	-0.07	0.00	0.00
Proceeds From Borrowings	—	—	—	—	—	—	—	—	—	—
Repayment From Borrowings	—	—	-0.02	—	—	—	-0.03	-0.07	—	—
Interest Paid	-0.29	-0.28	-0.25	-0.26	-0.27	-0.23	-0.11	-0.00	-0.01	—
Dividend Paid	—	—	—	—	—	—	—	—	—	—
Net Cash Flow	0.22	-0.03	-0.33	0.13	0.12	0.21	0.09	0.50	-0.16	0.18
Opening Cash & Cash Equivalents	0.98	1.19	0.44	0.11	0.24	0.36	0.57	0.66	1.16	1.00
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	1.19	1.16	0.11	0.24	0.36	0.57	0.66	1.16	1.00	1.18
Net Capex (est)	0.66	0.22	0.48	0.16	0.23	0.33	0.08	0.64	0.02	0.35
Free Cash Flow (est)	0.71	0.37	-0.51	-0.06	0.12	-0.46	2.64	0.43	-0.36	0.05

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Milestone Global Ltd.
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	1.00	0.99	1.07	1.04	1.04	0.94	1.23	3.50	3.93	4.86
Liquid Assets (Crs)	3.42	3.15	3.09	2.87	2.76	2.99	4.71	4.36	4.59	4.88
Current Liabilities (Crs)	3.42	3.19	2.88	2.75	2.65	3.19	3.82	1.25	1.17	1.00
Current Ratio	1.73	1.73	1.93	2.20	2.37	2.24	2.04	5.09	5.57	7.35
Current Assets (Crs)	5.90	5.53	5.55	6.07	6.28	7.14	7.79	6.35	6.50	7.38
Current Liabilities (Crs)	3.42	3.19	2.88	2.75	2.65	3.19	3.82	1.25	1.17	1.00
Interest Coverage Ratio	0.11	0.51	0.48	2.04	1.95	2.19	1.86	9.40	202	163
EBIT (Crs)	0.03	0.58	0.35	0.52	0.50	0.58	0.42	1.06	0.89	0.96
Interest Expenses (Crs)	0.29	0.31	0.29	0.25	0.26	0.27	0.23	0.11	0.00	0.01
Fixed Asset Turnover	0.53	0.57	0.56	0.62	3.66	0.75	0.78	1.10	0.88	0.89
Net Sales (Crs)	7.90	9.02	8.80	10.02	11.92	12.44	13.18	18.60	15.51	15.51
Fixed Assets (Crs)	14.95	15.76	15.78	16.26	3.26	16.65	16.89	16.95	17.59	17.36
Cash Conversion Cycle	179	138	127	129	125	122	122	74.50	66.28	63.91
Inventory Days	109	98.80	100	103	103	113	100	49.74	45.93	51.93
Days Receivable	82.29	55.65	49.50	38.57	39.31	45.29	58.27	50.07	46.86	43.00
Days Payable	12.42	16.33	22.78	13.15	17.08	35.98	36.46	25.31	26.50	31.02
Debt to Equity Ratio	0.48	0.43	0.38	0.31	0.28	0.30	0.40	0.01	0.00	0.00
Total Debt (Crs)	2.94	2.66	2.45	2.14	1.96	2.16	2.84	0.07	0.00	0.00
Shareholders Equity (Crs)	6.18	6.25	6.46	6.84	7.04	7.30	7.02	7.89	8.54	9.27
Free Cash Flow/Sales (%)	2.56	7.82	4.16	-5.06	-0.48	0.96	-3.51	14.19	2.76	-2.30
Free Cash Flow(est) (Crs)	0.20	0.71	0.37	-0.51	-0.06	0.12	-0.46	2.64	0.43	-0.36
Net Sales (Crs)	7.90	9.02	8.80	10.02	11.92	12.44	13.18	18.60	15.51	15.51
Profitability Ratios
Gross Margin (%)	52.37	43.34	47.26	51.09	50.88	48.36	46.55	52.63	42.68	45.34
Op Profit Margin (%)	3.99	8.09	7.15	6.80	5.23	5.67	3.77	4.49	4.32	6.71
Operating Profit (Crs)	0.35	0.89	0.69	0.82	0.78	0.85	0.68	1.33	1.14	1.29
Net Sales (Crs)	7.90	9.02	8.80	10.02	11.92	12.44	13.18	18.60	15.51	15.51
Net Profit Margin (%)	-3.03	-1.81	-1.23	3.13	1.81	2.10	-0.99	3.94	4.08	4.71
Net Profit (Crs)	-0.24	-0.16	-0.11	0.31	0.22	0.26	-0.13	0.73	0.63	0.73
Net Sales (Crs)	7.90	9.02	8.80	10.02	11.92	12.44	13.18	18.60	15.51	15.51
ROCE (%)	0.54	9.32	5.54	7.73	7.31	8.11	5.86	13.00	10.10	10.13
EBIT (Crs)	0.03	0.58	0.35	0.52	0.50	0.58	0.42	1.06	0.89	0.96
Capital Employed (Crs)	6.01	6.26	6.40	6.69	6.89	7.18	7.22	8.16	8.79	9.52
Return on Assets (%)	-2.53	-1.72	-1.17	3.32	2.26	2.52	-1.18	7.78	6.36	6.94
Net Profit (Crs)	-0.24	-0.16	-0.11	0.31	0.22	0.26	-0.13	0.73	0.63	0.73
Total Assets (Crs)	9.43	9.45	9.28	9.44	9.54	10.36	11.04	9.41	9.96	10.52
ROIC (%)	-0.15	10.05	4.54	7.22	4.60	5.50	-2.43	5.89	3.91	6.40
Op Profit after Taxes (Crs)	-0.01	0.45	0.21	0.45	0.31	0.37	-0.16	0.44	0.30	0.54
Invested Capital (Crs)	4.49	4.48	4.71	6.17	6.66	6.64	6.46	7.49	7.61	8.50
ROE (%)	-3.86	-2.61	-1.67	4.58	3.06	3.58	-1.85	9.29	7.42	7.87
Net Profit Margin (%)	-3.03	-1.81	-1.23	3.13	1.81	2.10	-0.99	3.94	4.08	4.71
Asset Turnover ratio	0.84	0.95	0.95	1.06	1.25	1.20	1.19	1.98	1.56	1.47
Equity Multiplier	1.52	1.51	1.44	1.38	1.36	1.42	1.57	1.19	1.17	1.14
Adjusted EPS	-0.48	-0.32	-0.22	0.63	0.43	0.52	-0.26	1.46	1.26	1.45
Valuation Ratios
P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.33	13.24	19.18
Price to Book	0.53	0.00	0.36	0.00	0.00	0.00	0.74	1.15	0.98	1.51
EV/EBITDA	14.73	7.25	5.23	8.06	8.66	7.86	10.60	6.35	6.30	10.05
Dividend Yield (%)	0.00	—	0.00	—	—	—	0.00	0.00	0.00	0.00

Quarterly Results

Milestone Global Ltd.
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	4.29	3.80	3.69	3.57	4.25	4.00	3.30	3.58	2.16	3.27
Operating Expenses	3.78	3.63	3.42	3.34	3.81	3.90	3.11	3.59	2.14	3.15
Increase/Decrease in Stock	0.03	-0.12	-0.01	-0.31	-0.16	-0.04	-0.41	0.59	-0.83	0.29
Raw Material	2.30	2.15	2.16	1.87	2.38	2.58	1.87	1.17	1.50	1.46
Employee Cost	0.33	0.42	0.28	0.31	0.42	0.30	0.43	0.43	0.38	0.42
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	0.51	0.16	0.27	0.23	0.44	0.10	0.19	-0.01	0.02	0.12
Other Income	0.05	0.14	0.07	0.07	0.11	-0.00	0.06	0.16	0.00	0.12
Interest	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
PBDT	0.56	0.30	0.34	0.30	0.56	0.09	0.24	0.14	0.02	0.24
Depreciation and Amortization	0.07	0.04	0.06	0.06	0.06	0.14	0.08	0.10	0.09	0.07
Profit Before Tax	0.49	0.27	0.28	0.23	0.49	-0.04	0.16	0.04	-0.07	0.17
Tax	0.01	0.24	0.00	0.00	0.03	0.20	0.00	0.00	-0.00	0.11
Profit After Tax	0.48	0.03	0.28	0.23	0.47	-0.24	0.16	0.04	-0.07	0.06
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.48	0.03	0.28	0.23	0.47	-0.25	0.16	0.04	-0.07	0.06
Quarterly Ratios
EPS	0.96	0.05	0.55	0.46	0.93	-0.49	0.32	0.09	-0.15	0.12
Operating Profit Margin	11.88	4.32	7.43	6.36	10.45	2.45	5.66	-0.36	0.74	3.58
Net Profit Margin	11.20	0.68	7.54	6.50	10.99	-6.12	4.94	1.23	-3.38	1.87

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

68.00%

Implied Growth Rate over a 5 year period*

25.10%

Implied Growth Rate over a 10 year period*

12.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Milestone Global Ltd. Financials

How strong is Milestone Global balance sheet?

Balance sheet of Milestone Global is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Milestone Global increasing or decreasing?

Yes, The net debt of Milestone Global is increasing.
Latest net debt of Milestone Global is -₹1.18 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹2.02 Crs.

Is the profitablity of Milestone Global improving?

The profit is oscillating.
The profit of Milestone Global is ₹0.73 Crs for Mar 2024, ₹0.63 Crs for Mar 2023 and ₹0.73 Crs for Mar 2022

Does Milestone Global pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Milestone Global latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Milestone Global allocated its funds?

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable

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Milestone Global Ltd.

Milestone Global Ltd.

Has the share price of Milestone Global grown faster than its competition?

Is Milestone Global stock expensive?

How strong is Milestone Global balance sheet?

Is the debt of Milestone Global increasing or decreasing?

Is the profitablity of Milestone Global improving?

Does Milestone Global pay decent dividends?

How has Milestone Global allocated its funds?

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