Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · MILESTONE GLOBAL LTD. · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
MILESTONE GLOBAL LTD.
BSE: 531338
BSE: 531338
Commodities › Construction Materials › Other Construction Materials › Other Construction Materials
MILESTONE GLOBAL LTD.
StateQ4 FY26 filed
Last close · 27 Oct 2026₹20.40
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA13.5 · 1.01 · 7.3
MILESTONE GLOBAL LTD. is a Other Construction Materials company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 19 | 16 | 16 | 12 | 14 |
| EBITDA (ex other income) | 1 | 1 | 1 | 0 | 1 |
| margin % | 4.5 | 4.3 | 6.7 | 2.8 | 5.9 |
| Owners' profit | 1 | 1 | 1 | 0 | 1 |
| EPS, as reported (₹) | 1.46 | 1.26 | 1.46 | 0.40 | 1.33 |
| ROE % · ROCE % | 9.3 · 13.0 | 7.4 · 10.1 | 7.9 · 10.1 | 2.1 · 3.1 | 7.4 · 8.9 |
| Debt / equity (x) | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 3 | 1 | (0) | 0 | (0) |
| Capex | (0) | (1) | (0) | (0) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MILESTONE GLOBAL LTD. · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 4 | 2 | 3 | 4 | 4 | 3 | 3 |
| Profit before tax | 0 | 0 | (0) | 0 | 0 | (0) | 0 | 0 |
| Net profit | 0 | 0 | (0) | 0 | 0 | (0) | 0 | 0 |
| EPS (₹) | 0.33 | 0.12 | (0.15) | 0.13 | 0.86 | (0.22) | 0.21 | 0.66 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Segment USA | 3 | 24.8 |
| Segment Europe | 3 | 20.9 |
| Segment Canada | 0 | 2.8 |
| Segment -USA | 0 | 2.5 |
| Segment-Europe | 7 | 48.2 |
| Segment-Canada | 0 | 0.9 |
| Total, before eliminations | 14 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| RAMCO INDUSTRIES LIMITED | 2,457 | 7.5 | 0.54 | 9.8 | 6.8 | 4.3 | 8.2 | 19.2 |
| ARISINFRA SOLUTIONS LTD | 1,145 | 16.4 | 1.52 | 9.9 | 8.0 | 10.2 | — | 12.0 |
| BIRLANU LIMITED | 943 | — | 0.85 | 16.8 | (10.8) | (6.5) | 4.2 | 6.8 |
| EVEREST INDUSTRIES LTD | 769 | — | 1.56 | — | (20.6) | (16.0) | 3.1 | 31.7 |
| MARBLE CITY INDIA LIMITED | 403 | 53.2 | 4.32 | 17.6 | 9.5 | 7.0 | — | 23.5 |
| MIDWEST ENERGY LIMITED | 336 | 214.1 | 0.84 | — | (3.5) | (2.3) | — | 19.4 |
| SAHYADRI INDUSTRIES LTD | 335 | 7.5 | 0.83 | — | 7.1 | 9.4 | — | 16.1 |
| GLITTEK GRANITES LTD. | 196 | 223.3 | 17.90 | — | (3.6) | (3.6) | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.5 | 26.4 | 5 of 17 | 75% |
| P/B | 1.0 | 1.5 | 8 of 20 | 63% |
| ROCE | 8.9 | 2.8 | 6 of 22 | 76% |
| ROE | 7.4 | 2.5 | 6 of 20 | 74% |
| Debt / Equity | 0.0 | 0.1 | 1 of 20 | 79% |
| EBITDA margin | 18.9 | 16.7 | 7 of 16 | 60% |
| Revenue growth | (4.1) | 14.0 | 11 of 18 | 41% |
| Profit growth | 410.2 | 83.2 | 3 of 19 | 89% |
| Market cap | 10 | 46 | 19 of 22 | 14% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MILESTONE GLOBAL LTD. · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to approve September 2026 quarterly results | results | low | — | — |
| 8 Oct 2026 · RTA certificate under SEBI Regulation 74(5) for Sept 2026 quarter | compliance | minimal | — | — |
| 5 Oct 2026 · Quarterly disclosure on loan defaults to lenders | credit debt | high | — | — |
| 30 Sept 2026 · Trading window closed for insiders ahead of Sept quarter results | compliance | minimal | — | — |
| 19 Sept 2026 · 36th AGM results: all 6 resolutions passed, director appointments approved | compliance | minimal | — | — |
| 19 Sept 2026 · 36th AGM of Milestone Global held via VC; 6 resolutions taken up | board shareholder meetings | low | — | — |
| 11 Aug 2026 · CFO Sunil Kumar Sharma resigns, effective October 9, 2026 | management changes | high | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue up, profit drops; CFO to step down | results | high | — | — |
| 5 Aug 2026 · Milestone Global files newspaper ad for 36th AGM notice and book closure | compliance | minimal | — | — |
| 5 Aug 2026 · AGM notice and book closure for FY 2025-26 | board shareholder meetings | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in