mil industries limited

    mil industries limited

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    About mil industries limited
    Company overview and key information

    About MIL Industries Unlisted Shares

    MIL Industries Limited (MIL) is engaged in manufacturing of anti-corrosion and anti-abrasion lining and products, such as rubber and PTFE lining. The company supplies these products to the chemical and tyre manufacturing industry. It also manufactures a range of plastic-lined pipes and fittings, PTFE expansion joints, PTFE lined pipes, spargers, thermowells, and plain/corrugated PTFE hoses. The company’s products are used in core sector industries such as phosphatic fertilizers, heavy chemicals, pulp and paper, bulk drugs, mineral processing, steel plants, aerospace, ports and bulk materials handling, among others. Its clients are the Indian Farmers Fertiliser Co-op. Ltd., Coromandel International Ltd., Hindalco Industries Ltd., Deepak Fertilizers & Petrochemicals Corpn. Ltd., and many more.

    Overview of MIL Industries Unlisted Shares

    Rubber Lining Division - MIL the country's leader in corrosion and abrasion resistant rubber linings for more than four and half decades. Set up in collaboration with Societe Chimique de Gerland, France and subsequent technical know-how from OHJI Rubber & Chemicals Co. Japan. India's largest and most modern rubber lining facility, MIL has been supplying the entire range of rubber and other elastomer linings for both standard and highly specialized process equipment.

    MIL has, over the years, successfully executed numerous challenging projects for various process industries. A review of MIL's list of prestigious clients, the nature and size of jobs undertaken both in India and abroad - a number of which have been repeat orders - is testimony to the confidence reposed in MIL by Indian and overseas clients.

    Plastics - MIL diversified into the field of Plastic Lining in 1989, as an extension of their technical expertise and capabilities in corrosion resistant field and has been a key player since then. MIL manufactures in a state-of-the-art factory at Gummidipoondi, near Chennai Metropolis, set up in technical collaboration with M/s. Fluorocarbon Company Ltd, UK, an extensive range of Plastic lined Pipes, Fittings, PTFE Expansion Joints / Bellows, PTFE lined Dip Pipes / Spargers, PTFE Spectacle Blinds, SS Braided Plain Corrugated Hoses, PTFE Tubes, Thermowells, Slide Bearings, Machined / Moulded products and so on. The annual installed capacity is 50 Metric Tonnes of Fluoropolymer Resins.

    This factory is a true replica of our Collaborator's Facility in Manchester, U.K with respect to size, plant layout, production and utilities. The Factory has built up area of 1050 sq.m and have standby DG set to meet our power requirements.

    Engineering - MIL's present range of services and products include the Design, Engineering and Supply of:-

    Chemical Plants, Electrolytic (Mercury) cells Caustic Soda Chlorine Plants, Brine purification for which we had technical collaboration with KREBS SWISS, ZURICH.

    MILAIRCLEN - Air Pollution Control Systems by Wet Scrubbing for which we had technical collaboration with Environmental Elements Corporation, USA.

    Solvent Recovery System based on Carbon Adsorption Technology for which we had technical collaboration with AMEG (U.K) Ltd.

    Working with Rafflenbeul Ingenieure, Germany for Molecular Sieve Adsorption Technology, Heat Recovery Systems and VOC Emission Control for Paper and other allied industries.

    Working with Membrane Technology & Research Inc., USA for Vapour Sep Membrane System to recover volatile organic compounds.

    Waste Water Treatment Systems with KISSLER Gmbh, (GERMANY)

    Fundamentals
    Key financial metrics for MIL Industries Limited
    MIL Industries Limited279
    Unlisted Shares PricePer Equity Share
    Lot Size100
    52 Week High**
    52 Week Low**
    DepositoryNSDL & CDSL
    PAN NumberAAACM4380Q
    ISIN NumberINE651L01019
    CINL25199TN1966PLC005397
    RTAIntegrated Registry Management Services
    Market Cap (in cr.)88
    P/E Ratio16.49
    P/B Ratio2.89
    Debt to Equity0.02
    ROE (%)17.6
    Book Value96.48
    Face Value10
    Total Shares3150000

    Financials

    P&L Statement
    P&L Statement202220232024
    Revenue342835763833
    Cost of Material Consumed131511981142
    Gross Margin61.6466.570.21
    Change in Inventory6668107
    Employee Benefit Expenses350391466
    Other Expenses121814991379
    EBITDA479420739
    OPM13.9711.7419.28
    Other Income142115146
    Finance Cost232524
    D&A112125122
    EBIT367295617
    EBIT Margins10.718.2516.1
    PBT485385740
    PBT Margins14.1510.7719.31
    TAX246103207
    PAT239282533
    NPM6.977.8913.91
    EPS7.598.9516.92
    Financial Ratios202220232024
    Operating Profit Margin13.9711.7419.28
    Net Profit Margin6.977.8913.91
    Earning Per Share (Diluted)7.598.9516.92

    Shareholding Patterns

    Progress for 2022

    Krebs Engineering Private Limited30.54%
    Saroja Raman10.01%
    Mahendra Girdharilal6.03%
    Raghu Raman3.58%
    Ramesh Raman3.15%
    Tamilnadu Industrial Investment Corporation Ltd5.33%
    Others41.36%

    Progress for 2022

    Krebs Engineering Private Limited30.54%
    Raghu Raman10.82%
    Ramesh Raman10.39%
    Mahendra Girdharilal6.03%
    Tamilnadu Industrial Investment Corporation Ltd5.33%
    Others36.89%

    Promoters or Management

    NameDesignationExperienceLinkedIn
    Raghu RamanManaging Director25+Profile
    Noman H. MilwalaChairmen30+Profile
    N. GuruswamyCFO20+Profile