MIL Industries Limited Unlisted Shares|Latest Share Price & Updates

Last Modified - March 17, 2023

Buy

₹ 205.00

Sell

₹ 260.00

Under Valued 2048x566 1

Company Overview

MIL Industries Limited is a leading company in India engaged in the manufacture of corrosion and abrasion resistant linings for Chemical, Fertilizer and other Process Industries, both in India and overseas. MIL Industries is India’s largest and modern Rubber lining facility and the company enjoys leadership position in the Rubber Lining field with a market share of around 40%. 

MIL also manufactures an extensive range of Plastic lined Pipes & Fittings, PTFE Expansion Joints, PTFE lined Dip Pipes, Spargers, Thermowells, Plain / Corrugated PTFE Hoses and so on. Besides this, MIL also supplies Air Pollution Control Systems for dust and fumes removal and Solvent Recovery Systems based on Carbon Adsorption Technology.

In addition, MIL also supplies Air Pollution Control Systems for dust and fumes removal and Solvent Recovery Systems based on Carbon Adsorption Technology. MIL’s well-equipped R&D Division is continuously making available to its clientele new / improved Rubber Compound formulations and Plastic Lining materials to cater to increasingly arduous operating conditions.

PRESENT STATUS

The current status of Mil Industries Limited is – Active and it has filed its Annual Returns and Financial Statements up to 31 Mar 2021 (FY 2020-2021). It’s a company limited by shares having an authorized capital of Rs 5.25 cr and a paid-up capital of Rs 3.15 cr as per MCA.

Description: This company manufactures specialty chemicals. It offers corrosion and abrasion resistant for fertilizer and chemical

Products & Services: for fertilizer and chemical,

Category: Manufacturer

The last reported AGM (Annual General Meeting) of Mil Industries Limited, per our records, was held on 30 September, 2021. Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2021.

CURRENT UPDATE

As per the recent report, MIL Industries Ltd. got demerged with Mil Industries and Aerospace Ltd. With this demerger, Mil Industries Ltd. will transfer PTFE business undertakings to Mil Industries and Aerospace Ltd., which is a wholly owned subsidiary of Mil Industries Ltd.

PROMOTERS AND MANAGEMENT

The company has 6 directors and 2 reported key management personnel.

The longest serving director currently on board is Noman Hatimbhai Millwala who was appointed on 16 December, 1988. Noman Hatimbhai Millwala has been on the board for more than 33 years. The most recently appointed director is Ayyaswamy Rengarajan, who was appointed on 05 November, 2020.

Saroja Raman has the largest number of other directorships with a seat at a total of 8 companies. In total, the company is connected to 15 other companies through its directors.

CLIENTELE BASETata Chemical, GSFC, Sterlite Industries , Hindalco, Grasim, Orient Paper, DCW, Atul , Aditya Birla Chemical, , etc (Click – clientele list)

Symbol:Mil Industries Ltd.
Face Value (₹):10
ISIN:INE651L01019
Demat Status:NSDL & CDSL
Lot Size:75 Shares

Board of Directors:

NameDesignation Profile
JanakarDirectorNA Final 1
Ayyaswamy RengarajanAdditional DirectorNA Final 1
Saroja RamanDirectorNA Final 1
Venkatesan ThiruvenkatasamyDirectorNA Final 1
Noman Hatimbhai MillwalaDirectorNA Final 1
RajivsreedharManaging DirectorNA Final 1

Key Highlights

  • MIL Industries Limited mainly operates in two major segments, viz., rubber lining and PTFE Products.
  • Company has proposed to transfer and vest the PTFE Business undertaking to MIL Industries and Aerospace Ltd. wholly owned subsidiary of MIL.
  • The planned demerger will assist the company and its management in developing a focused operational strategy that will benefit in the respective businesses growth.
  • In FY 2022, Top line increased by 27% Year on year and book value increased by 13% to INR 149.08 per share.

Ratio

RatioFY22FY21
Operating Margin150%209%
Net Profit Margin10%14%
Return on Equity 12%15%
Debt-Equity0.370.11
Current Ratio4.543.38
Dividend Payout6%5%

Note:- Dividend payout = Total Dividend/Net Income.

It indicates, how much % of its Net Income, the company is paying out as dividend to its Shareholders.

Financial Highlights

Particulars2021-222020-212019-202018-192017-18
Total Income (₹ Crores) 55.6143.6463.7142.6332.23
PAT (₹ Crores) 5.596.197.584.631.70
Basic & Diluted EPS 17.7519.6424.0614.715.39
Book Value per Share (₹) 149.08132.27112.8490.1075.79
Equity (₹ Crores) 46.9641.6735.5428.3823.87

Financial Charts

Chart by Visualizer
Chart by Visualizer
Chart by Visualizer
Chart by Visualizer

Historical Chart

Shareholding Pattern

Chart by Visualizer

Peer Comparison

CompanyMarket Cap (₹ Crores)Profitability Margin (%)ROCE (%)ROE (%)D/E RatioP/E RatioP/B RatioBook Value per Share (₹)
MIL Industries Ltd7810%177%12%0.3713.971.66149.08
MM Rubber Company Ltd734%13%11%0.2524.382.7220.91
Dolfin Rubbers Ltd1193%15%13%0.480.004.1528.66

Media Updates

Frequently Asked Questions

The buying and selling of unlisted shares and pre-IPO shares are fully legal and valid.

The procedure to buy MIL Industries’ unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller.

When the funds are transferred and transaction details are shared with the seller, your Demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day. 

In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.  

The MIL Industries shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.

The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for MIL Industries Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.in 

There are many factors that influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, the last funding round of the company, and the valuation level of companies of similar size affect the pricing of the unlisted shares. 

Once the selling price and quantity of shares are agreed upon with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s Demat account, funds will be released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares. 

If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per the tax slab of the investor.

If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.

The trading in unlisted shares is governed by the Securities & Contract (Regulation) Act,1992 which comes under the preview of SEBI.  The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors. 

 

The major risk associated with investing in unlisted stocks is liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange. 

Yes, NRI’s can also buy and sell MIL Industries Ltd unlisted shares just like domestic investors. But their investment is on a non-repatriable basis. 

Leave Your Message

1