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Milestone Furniture
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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. The Company was incorporated by Promoters - Mr. Ganeshkumar S. Patalikadan and Mr. Digambar S. Songhare with an aim of running manufacturing and marketing of furniture business.
Milestone Group is one of the fastest growing diversified group based in Mumbai, Maharashtra, in the field of Interior, Builders and Developers, Furniture, Turnkey Solutions and Related Domains. In Turnkey Solutions it caters Electrical Civil, Ceilings, Paintings, POP, Plumbing, Furniture (Fix Furniture and Modular Furniture), Wall Papers, Blinds, Curtains, Films, etc.
The Company has executed turnkey projects for design, supply and implementation of Interiors and Modular furniture in Education, healthcare and corporate organisation. It has regular business from existing clients such as Poddar International School, Architect and Contractors. It has developed regular clients for supply of office furniture and fittings.
Currently, MFL has a head office and a sales office located in Mumbai, Maharashtra. Both the Promoters of the Company are having more than 10 years of experience in furniture making and designing interiors. The Company has fully equipped Factory and warehouse at Chandivali, Andheri. The total manufacturing facility of the company amounts to 8,000 Sq feet. The company provides the right kind of furniture that is practical and affordable as well as attractive and enduring. It can be tailored as per unique needs.
The Company has developed the In house team of professionals for Design, drawing and space management interiors suitable and specification of client needs. They have skill and expertise in Space & work station Management, designing and innovation in Furniture used in Education, Healthcare and Corporate organisation to provide turnkey solution and implementation of interior and work space in Commercial, Residential and Institutions.
The Company provided right kind of furniture that is practical and affordable as well as attractive and enduring. Since the Company is using latest machineries and technology, it keeps on up-grading the Manufacturing set-up, design capabilities and workmanship to deliver superior quality products with on-time deliveries and without any compromise in quality .
The Company came out in May, 2018 with a Public Issue of 32,97,000 Equity Shares aggregating to Rs 14.84 Crore by raising of capital.
The COVID-19 pandemic has affected the Company's business which has led to Nil Revenue for the year 2021-22 from home and office furniture and also from home and office designing.
The company now is contemplating adding more products to its catalogues especially in the home furnishing segments and is on advance level conversations with potential suppliers, distributors and key business partners regarding upcoming projects and plans.
Milestone Furniture share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Milestone Furniture indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Milestone Furniture is valued compared to its competitors.
Milestone Furniture PE ratio helps investors understand what is the market value of each stock compared to Milestone Furniture 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Milestone Furniture evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Milestone Furniture generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Milestone Furniture in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Milestone Furniture shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Milestone Furniture compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Milestone Furniture over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Milestone Furniture helps investors get an insight into when they can enter or exit the stock. Key components of Milestone Furniture Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Milestone Furniture shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Milestone Furniture ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Milestone Furniture provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Milestone Furniture highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Milestone Furniture .
The balance sheet presents a snapshot of Milestone Furniture ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.