Milestone Furn.

  • Market Cap: Micro Cap
  • Industry: Furniture, Home Furnishing
  • ISIN: INE424Z01011
  • NSEID:
  • BSEID: 541337
INR
28.70
-0.16 (-0.55%)
BSENSE

Dec 24

BSE+NSE Vol: 414000

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

4.14 lacs (138.75%) Volume

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

0.00%

Has Milestone Furn. declared dividend?

06-Jun-2025

No Dividend History Available

What is the technical trend for Milestone Furn.?

09-Jun-2025

As of May 29, 2025, Milestone Furn. is in a mildly bearish trend, indicated by daily moving averages and weekly Bollinger Bands, despite mixed signals from the MACD and Dow Theory, alongside significant underperformance compared to the Sensex.

As of 29 May 2025, the technical trend for Milestone Furn. has changed from does not qualify to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish trend and the weekly Bollinger Bands also showing a mildly bearish signal. The MACD on the weekly chart is mildly bullish, but the monthly perspective remains bearish, indicating mixed signals across different time frames. The Dow Theory shows a mildly bearish trend on the weekly chart while being bullish on the monthly, further contributing to the overall mildly bearish outlook. The stock has underperformed significantly year-to-date and over the past year compared to the Sensex, which adds to the bearish sentiment.

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Who are the peers of the Milestone Furn.?

16-Jul-2025

Milestone Furn.'s peers include Sheela Foam, Responsive Industries, Stanley Lifestyle, BirlaNu Ltd, Hardwyn India, Tirupati Foam, Shashwat Furnishings, Magenta Life, and Rexpro Enterprises. Shashwat Furnis. leads in 1-year returns at 49.88%, while Milestone Furn. has a return of 2.16%, and Magenta Life shows the lowest at -63.48%.

Peers: The peers of Milestone Furn. are Sheela Foam, Responsive Ind, Stanley Lifesty., BirlaNu Ltd, Hardwyn India, Tirupati Foam, Shashwat Furnis., Magenta Life, Rexpro Enter.<BR><BR>Quality Snapshot: Excellent management risk is observed at Rexpro Enter, while Average management risk is found at Sheela Foam, Responsive Ind, Stanley Lifesty., BirlaNu Ltd, Hardwyn India, and the rest. Below Average management risk is noted at Tirupati Foam, Shashwat Furnis., and Magenta Life. In terms of growth, Excellent growth is seen at Responsive Ind, while Average growth is present at Shashwat Furnis. Below Average growth is reported for Sheela Foam, Stanley Lifesty., BirlaNu Ltd, Hardwyn India, Tirupati Foam, and Magenta Life. Good capital structure is noted at Sheela Foam, Responsive Ind, Stanley Lifesty., Shashwat Furnis., and the rest, while Average capital structure is seen at BirlaNu Ltd, and Excellent capital structure is present at Hardwyn India.<BR><BR>Return Snapshot: Shashwat Furnis. has the highest 1-year return at 49.88%, while Magenta Life has the lowest at -63.48%. Milestone Furn.'s 1-year return of 2.16% is significantly lower than Shashwat Furnis. and much higher than Magenta Life. Additionally, the six-month returns are negative for Sheela Foam, Stanley Lifesty., Hardwyn India, Tirupati Foam, Magenta Life, and Rexpro Enter.

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Who are in the management team of Milestone Furn.?

16-Jul-2025

As of March 2020, the management team of Milestone Furn. includes Digambar Sudam Songhare (Managing Director), P S Ganeshkumar (Executive Chairman & CEO), Kangan Dhamija (Company Secretary), and several other directors, totaling ten key members.

As of March 2020, the management team of Milestone Furn. includes the following individuals:<BR><BR>1. Digambar Sudam Songhare - Managing Director<BR>2. P S Ganeshkumar - Executive Chairman & CEO<BR>3. Kangan Dhamija - Company Secretary<BR>4. Aarzoo - Independent Director<BR>5. Akash Vinayak Parte - Independent Director<BR>6. Vivek Yogeshwar Sonar - Additional Executive Director<BR>7. Khushdeep Singh Mann - Additional Director<BR>8. Tanmay Singh - Managing Director<BR>9. Vanshika Joshi - Company Secretary & Compliance Officer<BR>10. Mayank Kotadia - Director<BR><BR>As of March 2020, this is the complete list of the management team at Milestone Furn.

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What does Milestone Furn. do?

17-Jul-2025

Milestone Furniture Ltd is a micro-cap company in the furniture and home furnishing industry, incorporated in 2014 and public since 2017, with no recent sales or profit data reported. Its market cap is INR 7 Cr, and it has a debt-equity ratio of 0.02 and a return on equity of -5.01%.

Overview:<BR>Milestone Furniture Ltd operates in the furniture and home furnishing industry and is categorized as a micro-cap company.<BR><BR>History:<BR>Milestone Furniture Ltd was originally incorporated as a private limited company on March 12, 2014, and later converted into a public company with a name change on July 5, 2017. There is no recent sales or profit data reported.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 7 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 50<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.02<BR>Return on Equity: -5.01%<BR>Price-to-Book: 0.29<BR><BR>Contact Details:<BR>Address: 1st Floor Aslam Compound Shree, Nagar Chandivali Road Sakinaka Mumbai Maharashtra : 400072<BR>Phone: 91-022-28581499/28578954<BR>Email: vyas_cs@yahoo.in<BR>Website: http://www.milestonefurniture.com

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Who are the top shareholders of the Milestone Furn.?

17-Jul-2025

The top shareholders of Milestone Furn. are primarily individual investors, holding 85.58% of the shares, with Dipakkumar Chimanlal Shah as the largest public shareholder at 3.81%. There are no institutional holdings or significant promoters.

The top shareholders of Milestone Furn. primarily consist of individual investors, who hold a significant 85.58% of the shares. Among public shareholders, Dipakkumar Chimanlal Shah stands out with a holding of 3.81%. There are no institutional holdings from mutual funds or foreign institutional investors, and there are no pledged promoter holdings. Additionally, there are no prominent promoters listed with significant holdings.

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How big is Milestone Furn.?

24-Jul-2025

As of 24th July, Milestone Furniture Ltd has a market capitalization of 8.00 Cr, classifying it as a Micro Cap company. Financial data for the latest four quarters is unavailable, but as of March 2024, Shareholder's Funds are 24.95 Cr and Total Assets are 25.54 Cr.

As of 24th July, Milestone Furniture Ltd has a market capitalization of 8.00 Cr, which classifies it as a Micro Cap company.<BR><BR>There is no valid financial data available for the latest four quarters, including Net Sales and Net Profit figures.<BR><BR>The reporting period for the balance sheet is March 2024, with Shareholder's Funds amounting to 24.95 Cr and Total Assets valued at 25.54 Cr.

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How has been the historical performance of Milestone Furn.?

11-Aug-2025

Milestone Furn. has faced a severe decline in financial performance, with net sales dropping from 25.31 Cr in March 2018 to zero in March 2023 and March 2024, and operating profit turning negative at -0.15 Cr in March 2024. The company's total assets and liabilities have also decreased, indicating ongoing challenges in generating cash from operations.

Answer:<BR>The historical performance of Milestone Furn. shows a significant decline in net sales and profitability over the years, culminating in zero sales for the fiscal years ending March 2023 and March 2024. The company reported net sales of 0.22 Cr in March 2021, which decreased to 0.80 Cr in March 2020, and peaked at 8.16 Cr in March 2019, with a high of 25.31 Cr in March 2018. Operating profit margins have also deteriorated, with the operating profit (PBDIT) turning negative in recent years, reaching -0.15 Cr in March 2024. The profit before tax and profit after tax figures reflect similar trends, with losses increasing from -1.25 Cr in March 2021 to -0.63 Cr in March 2024. The company's total assets have decreased from 30.66 Cr in March 2019 to 25.54 Cr in March 2024, while total liabilities have also declined from 30.66 Cr to 25.54 Cr in the same period. Cash flow from operating activities has remained stagnant, indicating challenges in generating cash from core operations.<BR><BR>Breakdown:<BR>Milestone Furn. has experienced a troubling decline in its financial performance over the years. The company's net sales have dropped from 25.31 Cr in March 2018 to zero in both March 2023 and March 2024, reflecting a severe downturn. Operating profit margins have turned negative, with the operating profit (PBDIT) falling to -0.15 Cr in March 2024, down from a positive 2.62 Cr in March 2018. Profitability metrics such as profit before tax and profit after tax have also worsened, showing losses that have increased over the years, culminating in -0.63 Cr in March 2024. Total assets decreased from 30.66 Cr in March 2019 to 25.54 Cr in March 2024, while total liabilities followed a similar downward trend. The company's cash flow from operating activities has remained at zero, indicating persistent difficulties in generating cash from its operations. Overall, the historical performance of Milestone Furn. illustrates a significant decline in both revenue and profitability, raising concerns about its future viability.

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Is Milestone Furn. overvalued or undervalued?

19-Nov-2025

As of November 18, 2025, Milestone Furn. is considered a risky investment due to its negative financial metrics, including a PE ratio of -12.87 and an EV to EBIT of -16.48, despite a strong year-to-date stock return of 168.37%.

As of 18 November 2025, the valuation grade for Milestone Furn. has moved from does not qualify to risky, indicating a significant shift in its perceived financial health. The company is currently assessed as overvalued, primarily due to its negative PE ratio of -12.87 and an EV to EBIT of -16.48, which suggest that the market is pricing in substantial risks. Additionally, the ROCE stands at -1.89% and the ROE at -5.01%, further highlighting the company's struggles in generating returns.<BR><BR>In comparison to its peers, Milestone Furn. lags significantly behind companies like Century Plyboard, which boasts a PE ratio of 74.8 and an EV to EBITDA of 33.36, and Greenply Industries with a PE ratio of 44.54 and an EV to EBITDA of 17.40. These comparisons underscore the challenges Milestone Furn. faces in attracting investor confidence. Despite a remarkable year-to-date stock return of 168.37% compared to the Sensex's 8.36%, the underlying financial metrics suggest that the stock may not be a sustainable investment at its current valuation.

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When is the next results date for Milestone Furn.?

12-Dec-2025

Milestone Furn. will announce its results on 16 December 2025.

Milestone Furn. will declare its results on 16 December 2025.

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Why is Milestone Furn. falling/rising?

20-Dec-2025

As of 20-Dec, Milestone Furniture Ltd's stock price is at 27.85, down 1.97% and part of a broader decline with a total drop of 5.82% over three days. Investor participation is decreasing, highlighted by a 97.15% drop in delivery volume compared to the 5-day average, indicating short-term weakness despite being above longer-term moving averages.

As of 20-Dec, Milestone Furniture Ltd's stock price is falling, currently at 27.85, reflecting a decrease of 0.56 or 1.97%. This decline is part of a broader trend, as the stock has been underperforming recently, with a consecutive fall over the last three days resulting in a total drop of 5.82%. Additionally, the stock has underperformed its sector by 1.98% today.<BR><BR>Investor participation appears to be declining, evidenced by a significant drop in delivery volume, which fell by 97.15% compared to the 5-day average. Although the stock's price is higher than its 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day moving average, indicating short-term weakness. Overall, these factors contribute to the stock's current downward trend.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Unrated Stock - No Analysis Available
stock-summaryMojo Parameters
Mojo Parameters
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Stock DNA
stock-summary
Industry

Furniture, Home Furnishing

stock-summary
Market cap

INR 27 Cr (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

52

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.02

stock-summary
Return on Equity

-5.14%

stock-summary
Price to Book

1.10

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
106.47%
0%
106.47%
6 Months
379.13%
0%
379.13%
1 Year
315.94%
0%
315.94%
2 Years
450.86%
0%
450.86%
3 Years
756.72%
0%
756.72%
4 Years
134.29%
0%
134.29%
5 Years
179.73%
0%
179.73%

Milestone Furn. for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News

Why is Milestone Furn. falling/rising?

Recent Price Movement and Market Context

Milestone Furniture's share price rose by ₹0.54, or 1.97%, as of 09:01 PM on 10 December, reaching ₹27.89. This gain is part of a three-day consecutive rally during which the stock has appreciated by 6.05%. Despite this positive momentum, the stock slightly underperformed its sector on the day, with the Wood & Wood Products sector advancing by 2.71%. Nevertheless, the stock’s performance remains robust within its industry context.

Trading above all key moving averages—including the 5-day, 20-day, 50-day, 100-day, and 200-day averages—Milestone Furniture demonstrates strong technical positioning. This suggests sustained investor confidence and a bullish trend that has been building over time.

Exceptional Return...

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Announcements stock-summary

Half Yearly For September 2025

16-Dec-2025 | Source : BSE

As per attachment

Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. Tuesday 16Th December 2025 Un-Audited Financial Result Standalone For The Half Year Ended 30Th September 2025

16-Dec-2025 | Source : BSE

As per attached outcome dated 16.12.2025

Board Meeting Intimation for Result For Sep 2025

11-Dec-2025 | Source : BSE

Milestone Furniture Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/12/2025 inter alia to consider and approve As per Attachment

Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
0.00%
EBIT Growth (5y)
0.00%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
0.25
Net Debt to Equity (avg)
0.02
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
1.97%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
52
Price to Book Value
1.10
EV to EBIT
-27.15
EV to EBITDA
-27.15
EV to Capital Employed
1.10
EV to Sales
NA
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-1.94%
ROE (Latest)
-5.14%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Bullish
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

None

Highest Public shareholder

Dipakkumar Chimanlal Shah (3.81%)

Individual Investors Holdings

86.64%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Milestone Furn."
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 0.00% vs 0.00% in Mar 2025",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 19.05% vs 25.00% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.01",
          "val2": "-0.01",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-0.17",
          "val2": "-0.21",
          "chgp": "19.05%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "0.00%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Milestone Furn."
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 0.00% vs 0.00% in Mar 2024",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 23.81% vs 4.55% in Mar 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.09",
          "val2": "-0.15",
          "chgp": "40.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-0.48",
          "val2": "-0.63",
          "chgp": "23.81%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "0.00%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  }
]
Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Mar'25
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.01
-0.01
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.17
-0.21
19.05%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
Net Sales

Growth in half year ended Sep 2025 is 0.00% vs 0.00% in Mar 2025

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is 19.05% vs 25.00% in Mar 2025

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.09
-0.15
40.00%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.48
-0.63
23.81%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
Net Sales

YoY Growth in year ended Mar 2025 is 0.00% vs 0.00% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 23.81% vs 4.55% in Mar 2024

stock-summaryCompany CV
About Milestone Furniture Ltd stock-summary
stock-summary
Milestone Furniture Ltd
Micro Cap
Furniture, Home Furnishing
Milestone Furniture Limited was originally incorporated as a private limited company with the name "Milestone Furniture Private Limited'' on March 12, 2014. The Company got subsequently converted in to a public company and the name was changed to "Milestone Furniture Limited" (MFL) vide fresh certificate of incorporation on July 5th 2017 issued by the Registrar of Companies, Mumbai, Maharashtra.
Company Coordinates stock-summary
Company Details
1st Floor Aslam Compound Shree, Nagar Chandivali Road Sakinaka Mumbai Maharashtra : 400072
stock-summary
Tel: 91-022-28581499/28578954
stock-summary
vyas_cs@yahoo.in
Registrar Details
Karvy Computershare Pvt Ltd., Karvy Selenium, Tower-B Plot No 31 & 32, Survey No 116/22, 115/24, 115/25, Financial District, Nanakramguda, Serilingampally, Mandal Ranga Reddy Dist, Hyderabad