| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 1825 | 52 | 118 | 465 |
| Cost of Material Consumed | 953 | 24 | 66 | 62 |
| Change in Inventory | 165 | 15 | 81 | -97 |
| Gross Margins | 47.78 | 53.85 | 44.07 | 86.95 |
| Employee Benefit Expenses | 674 | 464 | 163 | 20 |
| Other Expenses | 383 | 47 | 240 | 482 |
| EBITDA | -350 | -498 | -432 | 8 |
| OPM | -19.18 | -957.69 | -366.1 | 1.68 |
| Other Income | 300 | 103 | 738 | 10 |
| Finance Cost | 23 | 0.05 | 33 | 0 |
| D&A | 75 | 59 | 0.16 | 14 |
| EBIT | -425 | -557 | -465 | -6 |
| EBIT Margins | -23.29 | -1071.15 | -394.07 | -1.26 |
| PBT | -148 | -454 | 173 | 4 |
| PBT Margins | -8.11 | -873.08 | 146.61 | 0.84 |
| Tax | -46 | -83 | 10 | 3 |
| PAT | -102 | -371 | 163 | 1 |
| NPM | -5.59 | -713.46 | 138.14 | 0.21 |
| EPS | -24.29 | -88.33 | 38.81 | 0.24 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | -19.18 | -957.69 | -366.1 | 1.68 |
| Net Profit Margin | -5.59 | -713.46 | 138.14 | 0.21 |
| Earning Per Share (Diluted) | -24.29 | -88.33 | 38.81 | 0.24 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 496 | 346 | 380 | 125 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 205 | 205 | 205 | 205 |
| Trade Receivables | 1589 | 1532 | 1424 | 1073 |
| Inventory | 348 | 327 | 172 | 101 |
| Other Assets | 1353 | 1599 | 1450 | 2127 |
| Total Assets | 3991 | 4099 | 3631 | 3631 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 42 | 42 | 42 | 42 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 1312 | 934 | 1075 | 1044 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 2236 | 2233 | 2233 | 1272 |
| Other Liabilities | 401 | 890 | 281 | 1273 |
| Total Liabilities | 3991 | 4099 | 3631 | 3631 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | -149 | -455 | 173 | 4 |
| OPBWC | -351 | -504 | -433 | 9 |
| Change in Receivables | 1282 | 21 | 108 | 352 |
| Change in Inventories | 458 | 0 | 156 | 71 |
| Change in Payables | -6 | -21 | -0.6 | -961 |
| Other Changes | -1136 | 554 | -650.4 | 1132 |
| Working Capital Change | 598 | 554 | -387 | 594 |
| Cash Generated From Operations | 247 | 50 | -820 | 603 |
| Tax | 0 | 0 | -10 | 3 |
| Cash Flow From Operations | 247 | 50 | -830 | 606 |
| Purchase of PPE | 0 | 0 | 0 | 24 |
| Sale of PPE | 199 | 0 | 581 | 174 |
| Cash Flow From Investment | 301 | 102 | 691 | 209 |
| Borrowing | -589 | -12 | -3 | -2.5 |
| Dividend | 0 | 0 | 0 | 0 |
| Equity | 0.97 | 0 | 0 | 0 |
| Others From Financing | -24.97 | 0 | 0 | 0 |
| Cash Flow from Financing | -613 | -12 | -3 | -2.5 |
| Net Cash Generated | -65 | 140 | -142 | 812.5 |
| Cash at the Start | 80 | 15 | 155 | 12 |
| Cash at the End | 15 | 155 | 13 | 824.5 |
Milton Cycle Industries Limited is a well-established manufacturer in India’s bicycle and mobility segment, known for producing durable, affordable, and consumer-friendly cycles. Over the years, the company has built a strong presence across domestic markets with a portfolio that includes city bikes, kids’ bikes, mountain cycles, and utility bicycles tailored for everyday use. Milton focuses on product reliability, ergonomic designs, and value-for-money offerings, making it a preferred brand among households, students, and commuters in semi-urban and rural areas. Supported by robust manufacturing capabilities and an extensive dealer network, the company has steadily strengthened its market position in the highly competitive Indian bicycle industry.
The unlisted shares of Milton Cycle Industries generate investor interest due to the company’s stable demand base and its positioning within a sector that benefits from rising health awareness, eco-friendly mobility trends, and growing need for cost-effective transportation. With bicycles continuing to play a crucial role in India’s mobility ecosystem—particularly in fuel-conscious and developing regions—Milton enjoys consistent sales in both retail and institutional markets. Investors often view the company as a steady, conservative investment option in the unlisted market, backed by predictable revenue streams and long-term brand visibility. The unlisted share price typically reflects private market sentiment, liquidity conditions, and expectations around the company’s expansion or modernization initiatives.
Looking ahead, Milton Cycle Industries is well-placed to capitalize on emerging opportunities in fitness-driven cycling, e-commerce–driven distribution, and the growing demand for electric-assisted bicycles (e-bikes). If the company expands into premium product lines, modernizes its supply chain, or partners with global component suppliers, it could further strengthen its competitive position. However, investors should consider challenges such as rising raw material costs, competition from larger bicycle manufacturers, and the highly price-sensitive nature of the market. Overall, Milton Cycle Industries Limited’s unlisted shares present an appealing opportunity for those seeking exposure to India’s mobility and bicycle manufacturing sector with stable long-term fundamentals.
Q:1 How do I confirm the booking of Milton Cycle 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 purchase the shares?Answer: You need to provide your client master report, PAN Card, and a cancelled cheque if you are not transferring funds from the bank account mentioned in your CMR Copy.
Q:3 Where can I obtain my client master report if I don't have one?
Answer: You can request your client master report from your broker if you do not have it available.
Q:4 How do I make the payment for the shares?
Answer: Payment must be made via RTGS, NEFT, IMPS, or cheque transfer.Cash deposits are not accepted.
Q:5 Can I transfer funds from any bank account for the purchase?
Answer: No, the payment must be made from the same account to which the shares will be credited.
Q:6 Will you provide the bank details for the transfer?
Answer: Yes, we will provide you with the necessary bank details for transferring the funds.
Q:7 What happens if I make a cash deposit instead of a bank transfer?Answer: Cash deposits are not accepted, and your transaction may be delayed or canceled if payment is not made through the specified methods.
Q:8 Are there any regulations I need to be aware of while buying unlisted shares?Answer: Yes, you must comply with SEBI regulations, which include providing the necessary KYC documents such as your client master report, PAN Card, and cancelled cheque.