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Milton Cycles (MCIL) began in 1960 as a parts supplier for Atlas Cycles, making components like chains and freewheels. By 2006, it had grown into a full bicycle manufacturer. Today, the company produces a wide range of bikes—including kids’ bikes, roadsters, city bikes, and mountain bikes—which are sold through a strong dealer network across states like Uttar Pradesh, Bihar, Jharkhand, Andhra Pradesh, and even in Nepal. Known for its quality, innovation, and dependable after-sales service, Milton has a large manufacturing facility in Sonepat, Haryana, capable of producing 5,000 bicycles daily. While the company faces challenges like thin profit margins and stiff competition from unorganized and Chinese players, its decades of experience and diverse product offerings keep it going strong in both Indian and international markets.
| Milton Cycle Industries Limited Price | ₹195.00 Per Equity Share |
| Lot Size | 100 Shares |
| 52 Week High | 195 Shares |
| 52 Week Low | 195 Shares |
| Depository | NSDL |
| PAN Number | AABCM3269R |
| ISIN Number | INE03IE01018 |
| CIN | U35923HR1960PLC002317 |
| RTA | MAS Services Limited |
| Market Cap (in Cr.) | 8.00 |
| P/E Ratio | 812.50 |
| P/B Ratio | 0.75 |
| D/E Ratio | 0.00 |
| ROE | 0.09 |
| Book Value | 260.95 |
| Face Value | 10.00 |
| Total Shares | 420000 |
| Field | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| da | 75 | 59 | 33 | 14 |
| eps | -24.29 | -88.33 | 38.81 | 0.24 |
| npm | -5.59 | -713.46 | 138.14 | 0.21 |
| opm | -19.18 | -957.69 | -366.1 | 1.68 |
| pat | -102 | -371 | 163 | 1 |
| pbt | -148 | -454 | 173 | 4 |
| tax | -46 | -83 | 10 | 3 |
| ebit | -425 | -557 | -465 | -6 |
| ebitda | -350 | -498 | -432 | 8 |
| revenue | 1825 | 52 | 118 | 475 |
| pbt margins | -8.11 | -873.08 | 146.61 | 0.84 |
| ebit margins | -23.29 | -1071.15 | -394.07 | -1.26 |
| finance cost | 23 | 0.05 | 0.16 | 0 |
| other income | 300 | 103 | 638 | 10 |
| gross margins | 47.78 | 53.85 | 44.07 | 86.95 |
| other expenses | 383 | 47 | 240 | 482 |
| change in inventory | 165 | 15 | 81 | -97 |
| cost of material consumed | 953 | 24 | 66 | 62 |
| employee benefit expenses | 674 | 464 | 163 | 20 |