Milton Cycle Industries Limited Unlisted Shares
Milton Cycle Industries Limited started as a bicycle manufacturing but now has completely established as a full-fledged bicycle manufacturing plant. It has been in operations for more than 56 years now, it has started in 1960. The company is was initially involved in the manufacturing of bicycle parts like chains, freewheels, and BB Axles for Atlas Cycles (Haryana) Limited.
It was in 2006 that MCIL developed its complete bicycle manufacturing unit. They today provide a wide variety of bicycle models that cater to kids, fancy, roadsters. These are marketed through its dealer-distributor network in Uttar Pradesh, Bihar, Jharkhand, Andhra Pradesh, and Nepal, etc. Their CC Limits has also been given a BB+ Rating by ICRA. Milton is also the largest shareholder in Atlas Cycles (Haryana) with 10% outstanding shares.
Milton cycles has its manufacturing unit located in Sonepat which is the industrial hub of Haryana. It has produced a facility built over 7.5 acres and is also capable of producing 5000 units per day.
However, their operating margin is only in the range of 2% to 3% and also faces huge competition from Chinese products that are cheaper.
Milton Cycle Industries Unlisted Shares
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||50 Shares|
|Current Unlisted Share Price:||See deals below|
Board of Directors
- Vikram Bhatia – Director
- Gaurav Bhatia – Director
- Parambir Singh Chhabra – Director
- Sharwan Kumar Batra – Director
- Anil Kumar Kapur – Director
- Gross Income of Rs 94.12 crores
- Paid-up share capital of Rs 42 Lacs
- No dividend declared
- Net profit before tax of Rs 2.47 crores
Milton Cycle Latest News
Milton Cycle and Industries Company Address
Milton Premises, Industrial Area,
Sonepat (131001), Haryana, India
Disclaimer: The above information is only for educational purposes and should not be taken as a recommendation to buy or sell.
While reasonable endeavors have been made to present reliable data so far as it relates to current and historical information, but we do not guarantee the accuracy or completeness of the said data or information. Please consult your financial advisor before buying or selling any unlisted shares.