MIL Industries and Aerospace Ltd. - Unlisted Shares
Fundamentals
- Current Price
- ₹0
- Market Cap
- 0
- ISIN
- INE0J1Y01016
- Face Value
- ₹10
- P/E Ratio
- 0
- EPS
- ₹6.89
- P/B Ratio
- 0
- Book Value
- 89.54
- Debt / Equity Ratio
- 0.00
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 |
|---|---|---|
| Revenue from Operations | 23.09 | 22.53 |
| Growth % | 2.49% | - |
| Operating Expenses | 20.38 | 19.37 |
| Growth % | 5.20% | - |
| Operating Profit | 2.71 | 3.16 |
| Op. Profit Margin % | 11.76% | 14.02% |
| Other Income | 0.67 | 0.35 |
| Finance Costs | 0.02 | 0.02 |
| Depreciation | 0.40 | 0.51 |
| Profit Before Tax | 2.98 | 2.98 |
| Tax | 0.8 | 1.00 |
| Tax % | 3.49% | 4.45% |
| Profit After Tax | 2.17 | 1.98 |
| Growth % | 9.67% | - |
| PAT % | 9.40% | 8.78% |
| Diluted EPS | 6.89 | 6.28 |
Company Financials
| Metric | FY2024 | FY2023 |
|---|---|---|
| Equity Capital | 3.15 | 3.15 |
| Reserves | 25.06 | 23.09 |
| Total Equity | 28.21 | 26.24 |
| Borrowings | - | - |
| Provision | - | - |
| Other Non-Current Liabilities | 0.21 | 0.15 |
| Total Non current Liabilities | 0.21 | 0.15 |
| borrowings | - | - |
| Other Current Liabilities | 1.57 | 1.35 |
| Total current Liabilities | 1.57 | 1.35 |
| Equity + Liabilities | 29.98 | 27.74 |
| Fixed Assets (incl. WIP) | 6.42 | 4.63 |
| Other Non Current Assets | 0.27 | 0.05 |
| Total Non current Assets | 6.69 | 4.68 |
| Trade Receivables | 1.92 | 0.57 |
| Cash & Cash Equivalents | 13.54 | 11.70 |
| Other Current Assets | 7.83 | 10.79 |
| Total current Assets | 23.29 | 23.06 |
| Total Assets | 29.98 | 27.74 |
Shareholding Pattern
- KREBS ENGINEERING PRIVATE LIMITED
- 30.54%
- MIL INDUSTRIES AND AEROSPACE LIMITED
- 17.96%
- MAHENDRA GIRDHARILAL
- 6.03%
- RAMILA SREEDHAR
- 13.25%
- SAROJA RAMAN
- 10.03%
Strengths & Weaknesses
Strengths
- Established Market Presence – The company operates in a niche segment with expertise in PTFE lining and aerospace-related components, giving it a competitive edge.
- Strong Financial Performance – The company reported an increase in revenue from ₹2,253.15 lakhs to ₹2,309.33 lakhs and a rise in profit after tax (PAT) from ₹197.87 lakhs to ₹217 lakhs.
- No Outstanding Debt – The company has not borrowed funds from banks or financial institutions, reducing financial risk.
- Export Growth – The company’s export earnings increased significantly from ₹53.88 lakhs to ₹110.83 lakhs due to high demand for its products.
Weaknesses
- Limited Corporate Players but High Unorganized Competition – While there are few corporate competitors in the PTFE products market, unorganized players pose a significant threat.
- Volatility in Raw Material Prices – Fluctuations in raw material costs and competitive pricing pressures can impact profitability.
- Operational Stabilization – The company is still in the process of consolidating its operations after demerging from MIL Industries Limited, which may take additional time.
- Dependency on Specific Industries – The company’s growth is tied to the performance of the chemical, pharma, and aerospace industries, making it vulnerable to sector-specific downturns.
About MIL Industries and Aerospace Ltd.
MIL Industries & Aerospace Limited is engaged in the manufacturing of PTFE-lined pipes, fittings, and components used in various industries such as chemical, pharma, and aerospace
Board of Directors
- NOMAN H. MILLWALA - Director
- K.J. JANAKAR - Director
- A. RENGARAJAN - Director
- VIMALA VENKATESAN - Director
- R. GOVINDARAJU - Director
Senior Management
- RAJIV SREEDHAR - CHAIRMAN & MANAGING DIRECTOR
- U. VISWANATH - COMPANY SECRETARY & CFO