Skyline Millars Ltd

Skyline Millars Ltd Share Price Today: Live Updates & Key Insights

Get insights on Skyline Millars Ltd’s fundamentals, financials, shareholding, peer comparison, corporate actions & performance. Track key metrics, price trends & market sentiment for informed decisions. Explore all data at Motilal Oswal.

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Skyline Millars Ltd Fundamentals

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Skyline Millars Ltd Share Price Performance

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This section highlights Skyline Millars Ltd stock price performance across key timeframes, including 1-week, 1-month, 3-month, Year-To-Date (YTD), and 1-year returns. It provides insights into the Skyline Millars Ltd share price history, short-term movements, long-term trends, and overall investor sentiment

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Skyline Millars Ltd Traded Volume Movement

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This section highlights Skyline Millars Ltd daily and average traded volumes, offering insights into investor activity and market liquidity. Higher volumes than average often indicate rising interest, news impact, or shifting market sentiment

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Skyline Millars Ltd Technical Details

Skyline Millars Ltd technical indicators, such as support and resistance levels and pivot points, are calculated based on historical price and volume trends. These metrics help traders anticipate possible price movements and make informed trading decisions.

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Skyline Millars Ltd Corporate Actions

Skyline Millars Ltd corporate actions include dividends, bonus issues, stock splits, and key company updates that may affect share price and investor sentiment. This section provides timely details on past and upcoming actions, including ex-date, record date, and payout ratio - helping investors make informed decisions based on Skyline Millars Ltd’s capital allocation strategies.

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Skyline Millars Ltd Peer Comparison

Shows key financial metrics for the company and its peers

This section compares Skyline Millars Ltd with leading peers in the banking sector based on key metrics such as market capitalization, 1-year return, P/E (TTM), and PB ratio. It helps investors evaluate Skyline Millars Ltd's relative performance and valuation against major competitors.

Skyline Millars Ltd Cash Flow

Cash flow data provides a view of how money is generated and spent by Skyline Millars Ltd, across its operating activities, investing activities, and financing activities.

Skyline Millars Ltd Shareholding Pattern

This shows the ownership breakdown of Skyline Millars Ltd, highlighting participation from Foreign Institutional Investors (FII), Mutual Funds, Public, Other Institutions, and Promoters.

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About Skyline Millars Ltd

Skyline Millars Ltd (Formerly Known as Millars India Ltd) was incorporated as The ACME Manufacturing Company Ltd on November 28, 1919. Its name was changed to Millars India Ltd on January 4, 2002 and later on changed to Skyline Millars Ltd on October 23, 2007. 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 Ltd, a manufacturer of EOT Cranes & Millars Timber and Trading Company were acquired by Mr. J.V. Patel in 1969 and 1970 respectively. Khandelwal Udyog Limited got merged with The ACME Manufacturing Company Limited effective 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 Pvt Ltd was taken over by the Company in 1984. Initially, the Company was engaged in manufacturing of construction equipment and electric overhead traveling (EOT) cranes. It is engaged in the activities relating to Real Estate business. The Company`s manufacturing activities are carried out at Karamsad, Gujarat. The Company`s real estate project is a Ghatkopar Property building. 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 Residency 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 17th October, 2006, the BIFR has discharged the Company from the purview of the Sick Industrial Companies (Special Provisions) Act, 1985 / BIFR. Accordingly, SML was no longer a "Sick" Company. Millars, a trusted name at construction sites in India, offers steel reinforced concrete pipes recognized for its quality of manufacturing, consistency of strength, availability in design and sizes to serve most installations, being easy to place and providing a reliable and durable system, particularly under load. The Company is licensed under BIS (Bureau of Indian Standards). The Wada Plant was commissioned in 2017, with the latest manufacturing technology to produce concrete products mainly pipes and man-holes. The Plant in manhole is the top opening to an underground utility vault used to house an access point for making connections, inspection, valve adjustments or performing maintenance on underground and buried public utility and other services including sewers, telephone,electricity, storm drains, district heating and gas. The Millars watertight Perfect Manhole System is a precast off-site solution which enables contractors to install a modular water tight manhole without the need for a concrete surround. This quick assembly system comprises of a monolithic precast concrete base pre-benched to any inlet / outlet configuration, together with thick walled chamber rings with water tight joints incorporating an elastomeric gasket and a sealed cover slab. The system also incorporates push fit elastometric seals for inlet and outlet pipes. Specifiers, designers and contractors can be assured that the Millars Perfect Manhole System offers a safer, faster, sustainable, off-site bespoke manhole solution.

Chairman & Independent Directo

ASHOK CHANDRESEKHARAN PILLAI

Registered office Churchgate House 4th Floor, 32-34 Veer Nariman Road Fort, Mumbai, Maharashtra, 400001

FAX :91-022-22047471

Background

Incorporation Year 1919

Face Value ₹1.00

Market Lot 1

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