MIL Industries Limited Unlisted Share Price
As of , the indicative unlisted share price of MIL Industries Limited is ₹279 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , MIL Industries Limited is not listed on any Indian stock exchange (NSE or BSE) — its shares trade in the unlisted, over-the-counter (pre-IPO) market.
| Price / unit | ₹279 |
|---|---|
| Market cap | ₹88 Cr |
| Min. investment | ₹11,160 |
| Lot size | 40 |
| P/E ratio | 14.16 |
| P/B ratio | 2.6 |
What is MIL Industries Limited?
MIL Industries Limited is an unlisted Materials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
MIL Industries Limited is a Chennai-based manufacturer of corrosion and abrasion-resistant linings used across the chemical, fertiliser, and process industries. Incorporated in 1966 and originally known as Madras Industrial Linings Limited, the company has built more than five decades of expertise in protective lining technology, supplying solutions that extend the operating life of equipment exposed to aggressive chemicals, heat, and mechanical wear. The core business centres on rubber lining, where MIL operates one of India's largest dedicated facilities and is widely cited as the domestic market leader, with an estimated share of around 40 percent of the rubber-lining segment. Its product range spans hard and soft rubber linings, ebonite, and other elastomer systems applied to tanks, vessels, pipes, and reactors. Alongside rubber lining, the company has historically offered PTFE-lined pipes and fittings and related fluoropolymer products. Reported revenue has been concentrated in rubber lining, with PTFE-lined products forming a smaller second segment. Customers are drawn largely from fertiliser plants, chemical processors, and allied heavy industries that require long-life anti-corrosion protection. In a significant structural change, the company's aerospace and fluoropolymer (PTFE) products activity was demerged into a separate entity, MIL Industries and Aerospace Limited, in the early 2020s. As a result, MIL Industries Limited today is positioned primarily around its anchor rubber-lining franchise, while the demerged arm pursues high-endurance PTFE and aerospace-grade applications under its own structure. Both entities share common engineering heritage, plant locations in and around Chennai, and the same long-standing management lineage. Interest in MIL Industries in the unlisted market stems from its niche industrial positioning, its leadership in a specialised protective-lining category, and its long operating history. The shares are registered on a regional exchange but are not actively traded on the NSE or BSE main board, so transactions occur largely through off-market and unlisted dealing channels. Indicative pricing quoted by unlisted desks reflects this thin, negotiated market rather than continuous exchange trading. Investors typically follow the company for its specialised manufacturing footprint, market-share position, and post-demerger corporate structure.
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Frequently asked questions
No. As of 16 July 2026, MIL Industries Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
The minimum lot is 40 share(s); at the indicative price of about ₹279, that is approximately ₹11,160. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of MIL Industries Limited is ₹279 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of MIL Industries Limited is INE651L01019. An ISIN is the unique 12-character code that identifies a company's shares in the depository system; this one is verified against NSDL (the National Numbering Agency). You need it to hold or transfer these unlisted shares in your NSDL or CDSL demat account.
MIL Industries Limited is a Chennai-based manufacturer of corrosion and abrasion-resistant linings for the chemical, fertiliser, and process industries. Incorporated in 1966 (formerly Madras Industrial Linings Limited), it is best known for rubber lining, where it operates one of India's largest dedicated facilities, and has also offered PTFE-lined pipes and fittings.
MIL Industries Limited is registered on a regional exchange but is not actively traded on the NSE or BSE main board, so its shares change hands largely through the off-market or unlisted route. Such transactions are typically negotiated between buyer and seller and settled in dematerialised form by transferring shares between demat accounts, with the indicative price serving only as a reference, not a recommendation.
The indicative price reflects negotiated demand and supply in the off-market for a thinly traded scrip, rather than continuous exchange trading. Factors that influence it include the company's reported financial performance, its rubber-lining market position, broader industry sentiment, and the limited availability of shares. Because trading is sparse, quoted indicative prices can vary across dealers and over time and are for information only.
Publicly cited identifiers include CIN L25199TN1966PLC005397 and ISIN INE651L01019, with a face value of ₹10 per share and incorporation in 1966. The registered office is in Ambattur, Chennai, Tamil Nadu. The business is concentrated in rubber lining, with the company widely described as a domestic market leader in that segment, and a separate PTFE/aerospace products business was demerged into MIL Industries and Aerospace Limited. These details are factual reference points and not investment advice.
They can. If the company declares a dividend, unlisted shareholders are eligible like any other shareholder. Many unlisted firms reinvest profits, so dividends are not guaranteed.
After listing, unlisted shares convert into regular listed shares in your demat account and can be traded on the exchange, usually once any applicable SEBI lock-in period ends.
Unlisted shares are less liquid than listed shares. You can sell when a buyer is available through an off-market transfer; there is no continuous exchange market, so exits can take longer.
Unlisted shares carry higher risk and lower liquidity than listed shares, with fewer disclosures and no live market price. This is general information, not investment advice — assess suitability before investing.
An unlisted share price is an indicative, over-the-counter reference set by demand and supply in private deals between buyers and sellers. There is no live exchange quote, so prices can vary across dealers and over time.
Yes. Unlisted shares are delivered in dematerialised form, so you need an active demat account (NSDL or CDSL). No special account type is required — a regular demat account works.
Unlisted shares are sold through an off-market transfer to a buyer via a registered intermediary, settling from your demat account with a contract note. Liquidity depends on buyer availability, so exits can take longer than listed shares.
MIL Industries Limited vs similar unlisted Materials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.