Milton Cycle Industries Limited Unlisted Shares|Latest Share Price & Updates
Company Overview
Milton Cycle Industries Limited was started by Late Sh. Jaidev Kapur in 1960. The company is primarily involved in manufacturing and selling of bicycles and its components such as chains, freewheelers, and BB Axles for Atlas Cycles (Haryana) Limited.
In 2006, Milton Cycle Industries Limited developed into a complete bicycle manufacturing unit, besides being an ancillary to the Atlas Cycle Limited’s Sahibabad division. It has a manufacturing facility located at Sonepat, Haryana. The production facility is spread in an area of 7.5 acres with a production line capable of producing 5000 units per day.
Milton has been manufacturing top quality Bicycle components that have stood the test of time, products that have earned Milton Cycles a nationwide reputation for technical innovation, reliability and outstanding performance.
Overview
MILTON CYCLE INDUSTRIES LIMITED is a 62.7 Years old company, incorporated on 10 May 1960. It is classified as a Public Unlisted Indian Non-Government Company. Its authorized share capital is ₹1.00 Cr and its paid up capital is ₹42.00 Lakhs. As per MCA, the main line of business is Manufacture Of Other Transport Equipment.
MILTON CYCLE INDUSTRIES LIMITED’s Annual General Meeting (AGM) was last held on 30 Sep 2022 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 Mar 2022.
| Symbol: | Milton Cycle Industries Ltd. |
|---|---|
| Face Value (₹): | 10 |
| ISIN: | INE03IE01018 |
| Demat Status: | NSDL & CDSL |
| Lot Size: | 75 Shares |
The current status of the company is Active.
The longest serving director currently on board is Om Parkash Sharma who was appointed on 03 July, 2020. Om Parkash Sharma has been on the board for 2 years and 5 months. The most recently appointed director is Vinod Buber, who was appointed on 04 February, 2022.
Business Model
The company manufactures bicycles and parts and accessories in its manufacturing plant in Sonipat, Haryana. The company has been making sales since the year 1960. Milton Cycle is a very well-established entity for bicycles.
India’s bicycle industry is pedaling to a decadal-high demand growth of 20% in FY21, with sales likely to touch 1.45 crore units compared with 1.2 crore units in FY20. Covid-19 pandemic has spurred demand for bicycles owing to improving fitness consciousness and leisure requirements.
Board of Directors:
| Name | Designation | Profile |
|---|---|---|
| Anil Kumar Kapur | Director |  |
| Gopal Dass Girdharwal | Director | |
| Om Parkash Sharma | Director | |
Key Highlights
- MCIL now a plethora of bicycle models caters to the needs of kids, fancy, roadsters segments marketed through its dealer distributor network in Uttar Pradesh, Bihar, Jharkhand, Arunachal Pradesh and Nepal.
- The production facility is spread in sprawling areas of 7.5 acres. MCIL has a production line capable of producing 5000 units per day.Â
- The company’s operating margin is thin in the range of 2-3%.
- The 75% direct cost of raw material contributes to the bulk of expenses.
- The company over the years has also not been able to pass on the rising input cost to the customers putting pressure on margins.
Financial Highlights
| Particulars | 2020-21 | 2019-20 | 2018-19 | 2017-18 | 2016-17 |
|---|---|---|---|---|---|
| Total Income (₹ Crores) | 21.25 | 94.12 | 117.44 | 114.08 | 113.24 |
| PAT (₹ Crores) | -1.03 | 2.47 | 0.58 | 0.68 | 0.83 |
| Diluted EPS | -24.42 | 58.85 | 13.70 | 16.11 | 18.85 |
| Book Value per Share (₹) | 322.32 | 346.74 | 287.89 | 273.88 | 259.04 |
| Equity (₹ Crores) | 13.54 | 14.56 | 12.09 | 11.50 | 10.88 |
Peer Comparison
Media Updates
Frequently Asked Questions
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
The procedure to buy the Milton Cycle 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.Â
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.Â
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. Â
The Milton Cycle 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 Milton Cycle Industries Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.in Â
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.Â
Before IPO, there is no restriction on sale and transfer of your Milton Cycle Industries unlisted shares.Â
But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period 6 months after listing on the stock exchange. Â
Once the selling price and quantity of shares is agreed with us, we will provide you with an 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.Â
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If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor.Â
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 Securities & Contract (Regulation) Act, 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.Â
The major risk associated with investing in unlisted stocks is the 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.Â
Yes, NRI’s can also buy and sell Milton Cycle Industries unlisted shares just like domestic investors. But their investment is on a non-repatriable basis.Â
