| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 3428 | 3576 | 3833 |
| Cost of Material Consumed | 1315 | 1198 | 1242 |
| Change in Inventory | 66 | 68 | 107 |
| Gross Margins | 61.64 | 66.5 | 70.21 |
| Employee Benefit Expenses | 350 | 391 | 466 |
| Other Expenses | 1218 | 1499 | 1379 |
| EBITDA | 479 | 420 | 739 |
| OPM | 13.97 | 11.74 | 19.28 |
| Other Income | 142 | 115 | 146 |
| Finance Cost | 23 | 25 | 24 |
| D&A | 112 | 125 | 122 |
| EBIT | 367 | 295 | 617 |
| EBIT Margins | 10.71 | 8.25 | 16.1 |
| PBT | 485 | 385 | 740 |
| PBT Margins | 14.15 | 10.77 | 19.31 |
| Tax | 246 | 103 | 207 |
| PAT | 239 | 282 | 533 |
| NPM | 6.97 | 7.89 | 13.91 |
| EPS | 7.59 | 8.95 | 16.92 |
| Financial Ratios | 2022 | 2023 |
|---|---|---|
| Operating Profit Margin | 11.74 | 19.28 |
| Net Profit Margin | 7.89 | 13.91 |
| Earning Per Share (Diluted) | 8.95 | 16.92 |
| Assets | 2022 | 2023 | 2024 |
|---|---|---|---|
| Fixed Assets | 916 | 433 | 415 |
| CWIP | 0 | 0 | 0 |
| Investments | 21 | 0 | 0 |
| Trade Receivables | 1038 | 688 | 546 |
| Inventory | 1123 | 446 | 341 |
| Other Assets | 2666 | 1647 | 2203 |
| Total Assets | 5764 | 3214 | 3505 |
| Liabilities | 2023 | 2024 |
|---|---|---|
| Share Capital | 315 | 315 |
| FV | 10 | 10 |
| Reserves | 2178 | 2714 |
| Borrowings | 200 | 57 |
| Trade Payables | 251 | 164 |
| Other Liabilities | 270 | 255 |
| Total Liabilities | 3214 | 3505 |
| Cash-Flow Statement | 2023 | 2024 |
|---|---|---|
| PBT | 385 | 740 |
| OPBWC | 441 | 761 |
| Change in Receivables | 350 | 142 |
| Change in Inventories | 677 | 106 |
| Change in Payables | 233 | -86 |
| Other Changes | -1117 | -93 |
| Working Capital Change | 143 | 69 |
| Cash Generated From Operations | 584 | 830 |
| Tax | -191 | -131 |
| Cash Flow From Operations | 383 | 699 |
| Purchase of PPE | -111 | -105 |
| Sale of PPE | 0 | 3 |
| Cash Flow From Investment | -56 | -1 |
| Borrowing | 27 | -142 |
| Dividend | -31.5 | -33.5 |
| Equity | 0 | 0 |
| Others From Financing | -7.5 | -5.5 |
| Cash Flow from Financing | -12 | -181 |
| Net Cash Generated | 325 | 517 |
| Cash at the Start | 1154 | 1480 |
| Cash at the End | 1479 | 1997 |
MIL Industries Limited is one of India’s oldest and most respected engineering and manufacturing companies, known for its expertise in corrosion-resistant equipment and fluoropolymer-lined products. With a legacy spanning several decades, the company specializes in manufacturing PTFE-lined pipes, fittings, valves, columns, and custom-engineered solutions used in industries such as chemicals, petrochemicals, pharmaceuticals, fertilizers, and power. MIL Industries has built its reputation on high-quality engineering, precision manufacturing, and adherence to strict international standards. Its Chennai-based facilities are equipped with advanced technology and skilled manpower, enabling the company to cater to both domestic and global clients with reliable, long-lasting products designed to withstand harsh industrial environments.
The unlisted shares of MIL Industries attract interest primarily due to the company’s niche market positioning and strong technical capabilities. As industries increasingly shift toward safe, durable, and chemical-resistant systems, demand for specialized PTFE-lined equipment continues to grow. MIL Industries benefits from long-standing customer relationships, recurring industrial orders, and a reputation for engineering excellence. While the unlisted share price varies depending on market demand and availability, investors value the company for its stable business model, strong fundamentals, and presence in a critical industrial segment with consistent long-term demand. Its diversification across multiple heavy industries further supports business resilience.
Looking ahead, MIL Industries is well-positioned to benefit from expansion in the chemical, pharma, and specialty manufacturing sectors, where corrosion-resistant piping and process equipment are essential. The company’s focus on modernizing manufacturing capabilities, expanding its export footprint, and developing innovative fluoropolymer solutions strengthens its competitive advantage. For investors, MIL Industries’ unlisted shares offer exposure to a specialized engineering company with steady revenues and strong industry demand drivers. However, investors should also consider factors such as limited liquidity and competition from global engineering firms. Overall, MIL Industries Limited stands out as a solid, engineering-driven business with meaningful long-term potential in India’s industrial equipment landscape.
Q:1 How do I confirm the booking of MIL Industries Limited Unlisted Shares?
Answer: You can confirm the booking by contacting us and agreeing on a trading price for the shares.
Q:2 What documents do I need to provide to buy MIL Industries Limited Unlisted Shares?Answer: You need to provide your client master report, PAN Card, and a Cancelled Cheque unless you are transferring funds from the bank account mentioned in your CMR copy.
Q:3 Why are KYC documents required for purchasing shares?Answer: KYC documents are required as per SEBI regulations to verify your identity and ensure compliance with financial regulations.
Q:4 How can I transfer funds for the purchase of shares?
Answer: You can transfer funds via RTGS, NEFT, IMPS, or by cheque transfer.Please note that cash deposits are not accepted.
Q:5 Can I transfer funds from any bank account?
Answer: No, payment must be made from the same bank account where the shares are to be credited.
Q:6 Will you provide the bank details for the fund transfer?
Answer: Yes, we will provide you with the necessary bank details for the fund transfer.
Q:7 What should I do if I do not have a client master report?
Answer: You should contact your broker to obtain a client master report if you do not have one available.
Q:8 Is there a specific payment method I should use for transferring funds?
Answer: You should use RTGS, NEFT, IMPS, or cheque transfer for payment; cash deposits are not allowed.