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MIL Industries Unlisted Share Price

51.8K

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₹ 0.00

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₹ 250.00

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As on May 30, 2026, we are buying shares of the MIL INDUSTRIES LIMITED for ₹ 0.00 and selling them for ₹ 250.00 per share.

About MIL Industries Unlisted Share Price

About MIL Industries Limited

MIL Industries Limited is a pioneer in the field of corrosion and abrasion-resistant rubber linings, serving industries like chemicals, fertilizers, and mining. Established through technical collaborations with France’s Societe Chimique de Gerland and later OHJI Rubber & Chemicals Co. Japan, MIL introduced Cold Bond Rubber Lining in India. With an estimated 40% market share, the company is a key B2B supplier to leading industrial sectors.

Business Divisions

A. Rubber Linings & Products

MILGERLAN Rubber Linings: Durable linings for tanks, pipelines, and vessels.
MIL-O-FLEX Rubber Products: Expansion joints, gaskets, hoses, bellows, and more.
Granulator Panels & Sheets: Custom rubber solutions for mining and phosphatic industries.
Ceramic Pulley Lagging Sheets: Cold bonding sheets with CN layers for conveyor systems.

B. Engineering Services

Chemical Plant Equipment: Electrolytic cells, brine purification, caustic soda systems.
Environmental Solutions: Air pollution control (MILAIRCLEN), wastewater treatment, solvent recovery.
System Integration: Custom-engineered plant setups for various industrial applications.

C. Manufacturing Units

Ambattur, Chennai: HQ and main plant with R&D and fabrication capacity.
Gummidipoondi, Tamil Nadu: Advanced facility for PTFE products in collaboration with UK’s Fluorocarbon Ltd.

Financial Highlights (FY 2022–2024)

Revenue Growth: Increased steadily from ₹3428 lakhs in FY22 to ₹3833 lakhs in FY24.
Rising Gross Margins: Improved from 61.64% in FY22 to a robust 70.21% in FY24.
EBITDA Jump: EBITDA rose from ₹479 lakhs (FY22) to ₹739 lakhs (FY24), showing higher operational efficiency.
PAT More Than Doubled: Net Profit After Tax grew from ₹239 lakhs in FY22 to ₹533 lakhs in FY24.
EPS Surge: Earnings per Share nearly doubled from ₹7.59 (FY22) to ₹16.92 (FY24).
Low Debt: Borrowings decreased significantly to ₹57 lakhs in FY24, improving financial stability.
Strong Reserves: Reserves rose to ₹2714 lakhs in FY24, up from ₹2178 lakhs in FY23, showing retained earnings strength.

Pros

Dominant Market Position: Holds 40% market share in India’s rubber lining sector.
Diversified Product Portfolio: Serves chemical, fertilizer, mining, and even aerospace sectors.
Strong Financials: Consistent growth in PAT, EPS, and reserves with minimal debt

Cons

Unlisted Nature: Limited liquidity and transparency compared to listed peers.
Raw Material Dependency: Vulnerable to fluctuations in rubber and polymer prices.
Sector-Specific Demand: Heavy reliance on industrial capex cycles for growth.