Skyline Millars Ltd.
Snapshot View

16.24 -0.29 ▼-1.8%

23 July 2021, 04:00:00 P.M.
Volume: 27,135

Overview View Details

Sector Construction Materials Compare with Sector peers
Industry Cement & Construction Materials Compare with Industry peers
Website http://www.skylinemillarsltd.com
Financial Indicators
Market Cap 64.96 Cr.
Earnings per share (EPS) 0.68 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 23.66 Trailing Twelve Months Ending 2021-03
Industry PE 32.18 Trailing Twelve Months Ending 2021-03
Book Value / Share 6.68 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.42 Calculated using Price: 16.15
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 4.02 Cr. 40,224,250 Shares
FaceValue 1
Company Profile

Skyline Millars (SML) formerly Millars India Limited, was incorporated as The ACME Manufacturing Company Limited on November 28,1919 under the Indian Companies Act, 1913. Its name was changed to Millars India Limited on January 4, 2002. The company’s registered office is at 24, Kurla – Kirol Road, Ghatkopar (West), Mumbai – 400 086.

The company was promoted by the Walchand Group; Ashok Patel son of J.V.Patel acquired the shares from Walchand Group and took over the management in 1972. Khandelwal Udyog Limited a manufacturer of EOT cranes & millars timber and a trading company were acquired by J.V. Patel in 1969 and 1970 respectively. Khandelwal Udyog Limited was merged with The ACME Manufacturing Company Limited with effect from October 1, 1974 as per the order of the Bombay High Court dated August 13, 1976.

The running business of construction machinery of Millars Machinery Company Private Limited was taken over by the company in 1984. Ashok J. Patel was the managing director of the company from 1974 to 1984 and thereafter he became the chairman of the company and continues to be the chairman of the company. He is also the managing director of GMM Pfaudler Limited .

The main activities of the company are manufacturing of construction equipment and EOT cranes. It has recently entered into property development business. The company’s manufacturing activities which were being carried out at its unit at Ghatkopar, Mumbai have been fully shifted since October, 2003 from Ghatkopar, Mumbai to its works at Karamsad, Gujarat.

The company continued to make operating profits and net profits up to 1994-95. It started incurring operating losses from 1995-96. Due to recession in the capital goods industry and high labour cost at Ghatkopar, Mumbai, the crane manufacturing activity at Ghatkopar started incurring losses from 1996 and thereafter due to continuous losses in the company for four years, it was declared as a sick industrial undertaking by the Board for Industrial and Financial Reconstruction (BIFR). BIFR sanctioned a scheme of Rehabilitation in 2001 appointing Bank of India as a monitoring agency.

As a rehabilitation measure, the company shifted its manufacturing activities from Ghatkopar, Mumbai to Karamsad, Gujarat in October, 2003 and entered into joint development agreement for its Ghatkopar property with M/s Skyline Vision Private Limited. The company adopted various other rehabilitation measures which has resulted in its net worth becoming positive from 2003-04. Consequently, as per the summary record of the proceedings of the review hearing held on October 17, 2006, the BIFR has discharged the company from the purview of the Sick Industrial Companies ( Special Provisions ) Act, 1985 / BIFR. Accordingly, SML is no longer a “Sick” company.

The company is listed on the Bombay Stock Exchange and Ahemadabad Stock exchange since 1984.

Business area of the company:

The company is mainly engaged in manufacturing of construction equipment and EOT cranes

  • Tilting drum Mixer
  • High Speed Pan Mixer
  • Reversing Drum Mixer
  • HL- BW Concrete Mixer
  • Concrete Pump Trailor Mounted
  • Truck Mixer with Pump & Placing Boom
  • Concrete Batching Plant
  • Cement Storage & Handling System
  • Builder Hoist Inclined or Vertical

The company has also taken up property development business and is building Skyline Oasis, near Vidyavihar Staion, Mumbai

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.75%
1 Week
-7.36%
1 Month
+31.29%
3 Month
+111.18%
6 Month
+133.00%
1 Year
+460.0%
2 Year
+544.44%
5 Year
+539.37%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 7.45 8.45 -0.76 -12.33 -10.06 -19.67 -13.41 -0.90 3.95
Return on Capital Employed (%) 11.25 11.62 1.04 -8.05 -6.35 -22.90 -12.02 0.17 3.95
Return on Assets (%) 4.96 5.77 -0.57 -9.46 -7.28 -14.93 -11.11 -0.79 3.69

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 39 41 41 36 33 27 24 24 24
Non Curr. Liab. 0 4 6 8 7 2 1 1 1
Curr. Liab. 19 13 4 6 6 4 3 1 1
Minority Int.
Equity & Liab. 58 59 51 50 46 33 28 25 26
Non Curr. Assets 29 39 35 38 38 10 8 7 5
Curr. Assets 29 20 16 12 8 24 20 18 21
Misc. Exp. not W/O
Total Assets 58 59 51 50 46 33 28 25 26

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 26 25 14 6 9 2 3 5 4
Other Income 1 3 1 1 0 3 0 0 0
Total Income 27 28 16 7 9 5 3 5 4
Total Expenditure -23 -23 -15 -9 -11 -13 -4 -5 -3
PBIDT 4 5 1 -2 -2 -8 -1 0 1
Interest 0 0 -1 -1 0 0 0
Depreciation 0 0 0 -1 -1 0 0 0 0
Taxation -1 -2 -1 0 0 2
Exceptional Items 0 -2
PAT 3 3 0 -5 -3 -6 -3 0 1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 5 0 2 -2 0 -1 -3 3 3
Cash Fr. Inv. -3 -6 -6 0 0 3 3 0 0
Cash Fr. Finan. -1 3 0 0 -1 -4 0 -2
Net Change 0 -3 -4 -2 0 -1 0 0 3
Cash & Cash Eqvt 12 9 0 2 2 1 0 1 4

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 71.68 71.68 71.68 71.68 71.68 71.68 71.67 71.67 71.67
Public 28.32 28.32 28.32 28.32 28.32 28.32 28.33 28.33 28.33
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 23 Jul 2021
Board Meeting Intimation for Board Meeting To Be Held On Thursday 5Th August 2021
SKYLINE MILLARS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/08/2021 inter alia to consider and approve the Un-Audited Financial Results of the Company for the first quarter ended 30th June 2021 and any other matter if any.

We request you to kindly take the same on record.
Fri, 23 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to provisions of Regulation 47(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith copies of newspaper advertisement in respect of Board meeting scheduled to be held on Thursday 5th August 2021 published in the following Newspapers:

1. Business Standard on 23rd July 2021 and
2. Tarun Bharat on 23rd July 2021.

We request you to kindly take the same on record.
Tue, 13 Jul 2021
Shareholding for the Period Ended June 30 2021
Skyline Millars Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
MACD Crossing Signal Line From Above MACD Crossing Signal Line From Above

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