Milton Industries (NSE:MILTON) Debt-to-EBITDA : 2.10 (As of Mar. 2024)

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NSE:MILTON Milton Industries Ltd NSE:MILTON
4 GF Score
Price ₹33.90
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What is Milton Industries Debt-to-EBITDA?

Milton Industries NSE:MILTON +4.95% 4 Debt-to-EBITDA is 2.10 as of Mar. 2024. GuruFocus rates NSE:MILTON with a GF Score™ of 4/100.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Milton Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹122.7 Mil. Milton Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹29.5 Mil. Milton Industries's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹72.6 Mil. Milton Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.10.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Milton Industries's Debt-to-EBITDA or its related term are showing as below:

NSE:MILTON's Debt-to-EBITDA is not ranked *
in the Forest Products industry.
Industry Median: 3.3
* Ranked among companies with meaningful Debt-to-EBITDA only.

Milton Industries  (NSE:MILTON) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Milton Industries Debt-to-EBITDA Related Terms


Milton Industries Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Milton Industries's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Milton Industries Debt-to-EBITDA Chart

Milton Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 1.91 1.33 2.75 2.10

Milton Industries Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.06 1.91 1.33 2.75 2.10

NSE:MILTON vs SSD, UFPI, BCC: Debt-to-EBITDA Comparison

For the Lumber & Wood Production subindustry, Milton Industries's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Milton Industries Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Milton Industries's Debt-to-EBITDA falls into.


NSE:MILTON
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Milton Industries Ltd NSE:MILTON
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Milton Industries Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Milton Industries's Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(122.713 + 29.46) / 72.616
=2.10

Milton Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(122.713 + 29.46) / 72.616
=2.10

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is one times the quarterly (Mar. 2024) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.10 mean?
Milton Industries (NSE:MILTON) has a Debt-to-EBITDA of 2.10 as of Mar. 2024. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Milton Industries.
Is Milton Industries' Debt-to-EBITDA too high?
Milton Industries' current Debt-to-EBITDA is 2.10. The Forest Products industry median Debt-to-EBITDA is 3.30. Milton Industries' value of 2.10 is 36.4% below this industry median. Overall, Milton Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Milton Industries' Debt-to-EBITDA compare to SSD and UFPI?
Milton Industries' Debt-to-EBITDA of 2.10 can be compared against companies in the Forest Products industry. The industry median Debt-to-EBITDA is 3.30. Milton Industries' value of 2.10 is 36.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.30, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Milton Industries's current Debt-to-EBITDA of 2.10 is 36.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Milton Industries. For the Forest Products industry, the median Debt-to-EBITDA is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milton Industries's current Debt-to-EBITDA is 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milton Industries stock overvalued right now?
Milton Industries (NSE:MILTON) has a current Debt-to-EBITDA of 2.10. The current Debt-to-EBITDA is 2.10 and 36.4% below the Forest Products industry median of 3.30. Milton Industries' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Milton Industries (NSE:MILTON), the current Debt-to-EBITDA is 2.10 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Milton Industries Business Description

Address Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009
Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters and home kitchens. The majority of the revenue comes from the Indian market.
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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