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.
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
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
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
Manufacture of PTFE Lined Pipes and Fittings and PTFE Products
BOARD OF DIRECTORS
Noman H. Millwala (Chairman)
Rajiv Sreedhar (Managing Director)
Dr. T. Venkatesan
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company
% of shares held
MIL Industries and Aerospace Limited
MIL INDUSTRIES LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 75.60 Crore
(As on 31-06-2021)
Number of shares
% of total Shares of the company
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)
Revenue from Operations
Profit Before Tax and Exceptional items
Profit After Tax (PAT)
BALANCE SHEET OF MIL INDUSTRIES LIMITED (In Rs. Lakhs)
31st March 2021
31st March 2020
NON CURRENT ASSETS
TOTAL NON CURRENT ASSETS
Cash and cash equivalent
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
Short term borrowings
Other financial liabilities
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
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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