As of 6 Nov 2026, Millworks Technologies trades at 48.5× trailing earnings, above the industry P/E of 25.1×, and the shares are 22% below their 52-week high. Its ROCE of 59% is the highest among the 7 largest Metal Fabrication peers. It is listed on an SME platform with a market cap of ₹1,799 Cr, ranked 21st of 71 Metal Fabrication companies by market cap; the shares rose 55% over the past year.
- ₹1,022.00
- ₹1,024.00
- ₹1,000.00
- ₹1,025.40
- 27.6K
Health check
- ReturnsAhead
+54.7% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 48.5 vs industry 25.1.
- GrowthStrong
Sales +337.5%, profit +381.9% a year over 3 years.
- ProfitabilityStrong
ROCE 58.6% vs peer median 15.6%.
- Balance sheetFair
Piotroski 4 of 9.
- Red flags1 to check
P/E of 48.5 against an industry P/E of 25.1.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,799 Cr
- Small cap
- P/E
- 48.5
- Industry 25.1
- Price to book
- 15.81
- Peers 7.00
- Dividend yield
- 0.00%
- ROE
- 68.2%
- Peers 8.6%
- ROCE
- 58.6%
- Peers 15.6%
- Debt to equity
- n/a
- EPS (TTM)
- ₹21.04
- OPM (TTM)
- 33.0%
- Net margin 24.5%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 12.09
Strengths and risks
Strengths
- Return on equity of 68.2%.
- Return on capital employed of 58.6%.
- Net margin of 24.5%.
Risks to check
- P/E of 48.5 against an industry P/E of 25.1.
About Millworks Technologies
Millworks Technologies Limited manufactures metal components and assemblies for aerospace, defense, railways, and semiconductor industries. The company offers aerospace product, such as turbochargers components, fuel filter components, and turbine blades and nozzle components; defense includes missile airframe components, guidance system housings, structural brackets and mounts, and hydraulic cylinder parts, levelling and alignment components, mechanical…
- Headquarters
- Bengaluru
- Employees
- 161
- Sector
- Industrials
- ISIN
- INE1SRC01010
- Website
- millworksindia.com
Price range
- Avg volume (3M)
- 1.1 L
- 1-year return
- plus 54.7%
- From 52-week high
- minus 21.8%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| MILLWORKSMillworks Technologies | 1,021.20 | minus 0.41% | 1,799 | 48.5 | 15.81 | 58.6% | 68.2% | 33.0% | 337.5% | 381.9% | 0.00% | plus 54.7% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +337.5%
- Profit CAGR 3Y
- +381.9%
- ROE
- 68.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.8 | 9.4 | 22 | 149 | |
| – | +429.1% | +134.9% | +574.6% | |
| 1.3 | 6.5 | 14.2 | 96 | |
| 0.5 | 2.8 | 7.8 | 52.7 | |
| 26.2% | 30.3% | 35.5% | 35.4% | |
| −0 | −0 | 0.1 | 4.4 | |
| 0 | 0.3 | 0.5 | 3.1 | |
| 0 | 0.1 | 0.3 | 3 | |
| – | −0.1 | −0.1 | −0.8 | |
| 0.4 | 2.4 | 7.1 | 50.2 | |
| 17.3% | 17.8% | 25.9% | 26.2% | |
| 0.3 | 2 | 5.2 | 37.1 | |
| – | +490.5% | +168.6% | +606.1% |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.1 | 0.1 | 0.1 | 12.8 | |
| 0.3 | 2.3 | 23.3 | 69.9 | |
| 2.3 | 4.6 | 9.6 | 17 | |
| 1.1 | 3.6 | 6.9 | 98.7 | |
| 3.8 | 10.5 | 39.8 | 198 | |
| 0.5 | 3 | 18 | 24.8 | |
| – | 1 | 5.2 | 4.9 | |
| – | – | – | 5.8 | |
| 0.1 | 0 | 1.9 | 1.4 | |
| 3.2 | 6.4 | 14.7 | 162 | |
| 3.8 | 10.5 | 39.8 | 198 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.7 | 0.7 | −2.9 | −10.8 | |
| −0.5 | −2.7 | −9.8 | −16.3 | |
| 2.3 | 2 | 13.3 | 27.2 | |
| 0.1 | −0 | 0.6 | 0.1 | |
| −0.5 | −2.7 | −9.3 | −7.8 | |
| −2.2 | −2 | −12.2 | −18.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.