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×

mil industries Limited

245.00
-2.00 %
Scrip Name
MIL INDUSTRIES
ISIN No.
INE651L01019
PAN No.
AAACM4380Q
Face Value
10
No. of Outstanding Shares
3,150,000
Market Capitalization
77.18 Crore

MIL INDUSTRIES LIMITED SHARE


ABOUT MIL INDUSTRIES LIMITED


MIL INDUSTRIES LIMITED is engaged in the manufacture of corrosion and abrasion resistant linings for chemical, fertilizer and other process industries. The company was setup in collaboration with Societe Chimique de Gerland, France and got technical know-how from OHJI Rubber & Chemicals Company, Japan.


MIL Industries owns the largest and modern rubber lining facility of India. The company has a market share of 40% in Rubber Lining field. The company was the one to introduce the cold bond rubber lining technique for large capacity storage tanks.


The company also manufactures a wide range of Plastic Lined Pipes & Fittings, PTFE lined Dip Pipes, PTFE Expansion Joints, Thermowells, Spargers, Plain / Corrugated PTFE Hoses and so on. The company imports its latest technology from M/s. Fluorocarbon Company Ltd., UK.


The company also supplies Air Pollution Control Systems for dust and fumes removal and solvent recovery systems based on carbon adsorption technology.


The client base of MIL Industries Limited has some prominent names like Sterlite Industries (India) Limited, Madras Fertilisers, Hindalco Industries, Grasim industries, etc.


The equity shares of MIL Industries Limited are listed on Metropolitan Stock Exchange of India.


INCORPORATION DETAILS


CIN

L25199TN1966PLC005397

Registration Date

11 February 1966

Category/Sub-category of the Company

Limited by Shares

Address of the Registered office and contact details

25A, SIDCO Industrial Estate,

Ambattur, Chennai – 600 098

Phone: 044-26258382 Fax: 044-26257583

Email: mil@milindustries.com

Website: www.milindus.com

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Integrated Registry Management Services Pvt. Limited

‘Kences Towers’, II Floor, 1 Ramakrishna Street,

North Usman Road, T. Nagar,

Chennai – 600 017

Phone: 044-28140801-803

Email: corpserv@integratedindia.in

 

PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Manufacture of Rubber Lining Products, Trading of Rubber lining materials and Rubber linings

22191

70.80%

Manufacture of PTFE Lined Pipes and Fittings and PTFE Products

22209

29.20%

 

BOARD OF DIRECTORS

Noman H. Millwala (Chairman)

Rajiv Sreedhar (Managing Director)

Saroja Raman

K.J. Janakar

Dr. T. Venkatesan


PARTICULARS OF SUBSIDIARY COMPANIES

Name of the Company

% of shares held

MIL Industries and Aerospace Limited

100.00%

 

 

MIL INDUSTRIES LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

31,50,000

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE651L01019

PAN No.:

AAACM4380Q

Last Traded Price:

Rs.240/-

Lot Size:

100

Market Capitalization:

Rs. 75.60 Crore


 

SHAREHOLDING PATTERN

(As on 31-06-2021)

S. No.

Shareholder’s Name

Number of shares

% of total Shares of the company

1

Promoters Shareholding

19,87,060

63.08%

2

Public Shareholding

11,62,940

36.92%

 

Total

31,50,000

100.00%


INDUSTRY OUTLOOK

 

Rubber Industry in India has been growing with strength. India is the fifth largest producer of natural rubber in the world and ranks second in the consumption of natural rubber. The plantations of the rubber has reached near saturation in Kerala and Tamil Nadu. Therefore, now plantations is moving to North Eastern region of India.


Before 2001, Rubber was listed as a negative import which greatly reduced opportunities in the country’s rubber industry. However, now India has accepted foreign rubber companies to come to India, thus offering many opportunities for companies around the world.


The growing demand for rubber material has opened up many opportunities for rubber companies in India. The automobile sector holds many opportunities being the largest consumer of natural rubber. In 2016, there was a reported 15 percent growth in this industry, and annual growth according to this trend is expected for the next few years. Growth in income and standard of living will provide major opportunities for rubber exports.


India’s rubber industry requires international cooperation to pursue the nation’s rubber board agenda to bring rubber plantation within the boundaries of Carbon Trade and Kyoto protocol. Both these refer to emission and pollution control. While Carbon Trade allows companies to sell pollution rights to other companies who need them, Kyoto refers to accepting and taking responsibility for global warming and making amends fix it.

 

PROFIT & LOSS STATEMENT OF MIL INDUSTRIES LIMITED                        (In Rs. Lakhs)

 

PARTICULARS

FY 2021

FY 2020

FY 2019

FY 2018

Revenue from Operations

4,192.16

6,093.35

4,112.45

2,993.13

EBITDA

873.83

919.12

659.71

152.95

EBITDA margins

20.84%

15.08%

16.04%

5.11%

Finance Cost

30.85

26.76

34.59

42.17

Depreciation

132.19

113.35

81.39

88.34

Other Income

171.76

277.64

150.22

229.92

Profit Before Tax and Exceptional items

882.55

1,056.65

693.95

252.36

Exceptional items

0

0

0.00

0.00

Total Tax

263.82

298.61

230.73

82.67

Profit After Tax (PAT)

618.73

758.04

463.22

169.69

EPS

19.64

24.06

14.71

5.39

 

BALANCE SHEET OF MIL INDUSTRIES LIMITED (In Rs. Lakhs)

PARTICULARS

31st March 2021

31st March 2020

ASSETS



NON CURRENT ASSETS



Tangible assets

809.14

709.93

Financial assets

16.60

15.53

Tax assets

2.67

1.81

Preliminary expenses

3.05

3.05

TOTAL NON CURRENT ASSETS

831.46

730.32

CURRENT ASSETS



Inventories

1,232.86

894.24

Trade receivables

1,287.91

971.28

Cash and cash equivalent

1,972.19

1,867.18

Other current assets

244.65

189.56

TOTAL CURRENT ASSETS

4,737.61

3,922.26

TOTAL ASSETS

5,569.07

4,652.58

EQUITY AND LIABILITIES



EQUITY



Equity Share Capital

315.00

315.00

Other Equity

3,851.57

3,239.34

TOTAL EQUITY

4,166.57

3,554.34

LIABILITIES



CURRENT LIABILITIES



Short term borrowings

46.70

68.29

Trade payables

620.48

435.68

Other financial liabilities

463.64

416.91

Other current liabilities

271.68

177.36

TOTAL CURRENT LIABILITIES

1,402.50

1,098.24

TOTAL EQUITY AND LIABILITIES

5,569.07

4,652.58

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

1

Nil

Nil

Retained Earnings (Consolidated) (In Rs. Lakhs)

3,201.22

2,481.29

2,018.07

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company decreased by 31.20% from Rs. 6,093.35 lakhs in FY 2020 to Rs. 4,192.16 lakhs in FY 2021.


EBITDA of the company decreased by 4.93% from Rs. 919.12 lakhs in FY 2020 to Rs. 873.83 lakhs in FY 2021. EBITDA margins of the company increased from 15.08% in FY 2020 to 20.84% in FY 2021.


Net Profit of the company decreased by 18.38% from Rs. 758.04 lakhs in FY 2020 to Rs. 618.73 lakhs in FY 2021.


Current Ratio of the company as of 31st March 2021 was 3.37.


Debt to Equity ratio of the company as of 31st March 2021 was 0.01.

 

The book value per equity share of the company as of 31st March 2021 was Rs. 132.27.


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2017-18

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2016-17

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2015-16

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2014-15

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2020-21

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