Introduction
Milton Direct Limited, operating under the brand name Milton Steel, has established itself as a leading steel stockholder and supplier in India. With a robust presence in Mumbai, the company caters to a diverse clientele across various industries, offering a comprehensive range of high-quality steel products.
Company Overview
Milton Steel is an ISO-certified company recognized for its commitment to quality and customer satisfaction. The company specializes in supplying a wide array of steel products, including carbon steel, stainless steel, and alloy steel items. Their product portfolio encompasses:
Pipes & Tubes: Welded and seamless pipes and tubes conforming to international standards.
Sheets, Plates & Coils: Industrial-grade steel sheets and plates suitable for various applications.
Round Bars: Bars in different shapes and sizes, including hexagon, square, and round, available in stainless, carbon, and alloy steels.
Flanges: Precision-engineered flanges designed for high-pressure and temperature applications.
Buttweld & Forged Fittings: High-strength fittings ensuring dimensional accuracy and corrosion resistance.
Fasteners: A premium range of stainless steel fasteners ensuring durability and performance.
The company emphasizes quality assurance by adhering to rigorous testing and inspection protocols, ensuring that all products meet the highest standards. Additionally, Milton Steel offers timely delivery and dedicated customer support to meet the diverse needs of its clients.
Market Presence and Export Activities
Milton Steel has a significant presence in the global market, with recorded export activities to countries like Saudi Arabia. The company's export shipments include a variety of steel products, such as pipes, valves, and fittings, indicating its capability to meet international demand.
Financial Performance
For the fiscal year 2022-23, Milton Industries Ltd reported gross sales of ₹60.95 crore, a slight increase from ₹60.37 crore in the previous year. However, the net profit after tax decreased to ₹2.87 crore from ₹3.25 crore, reflecting challenges faced during the period. The company opted to reinvest profits to meet capital and working capital requirements, foregoing dividend and bonus distributions.
Shareholding Structure
As of June 2024, Milton Industries Ltd maintains a promoter holding of 72.96%, with the remaining 26.79% held by public shareholders. The company has not attracted foreign institutional investors (FIIs) or domestic institutional investors (DIIs), indicating a strong promoter-led governance structure.
Milton Direct Limited, through its brand Milton Steel, stands out as a premier steel stockholder in India. The company's extensive product range, commitment to quality, and strong market presence underscore its position in the industry. With a focus on customer satisfaction and continuous improvement, Milton Steel is well-equipped to meet the evolving demands of the steel market, making it a preferred choice for businesses seeking reliable steel solutions.