Milton Cycle Industries Limited is a well-established company specializing in the manufacturing and distribution of bicycles. With a long-standing history in the industry, Milton Cycle Industries has earned a reputation for producing high-quality, reliable and durable bicycles. The company prides itself on its commitment to innovation and continuous improvement. It constantly introduces new models and designs to meet the evolving needs and preferences of customers. From standard bicycles for everyday use to specialized models for various sports and activities, Milton Cycle Industries offers a wide range of options to cater to different consumer segments.
In addition to bicycles, the company also provides a comprehensive range of accessories and spare parts to enhance the cycling experience. These include helmets, locks, lights, racks, and much more. By offering all the necessary equipment, The company aims to support and promote safe cycling practices. Milton Cycle Industries has a strong distribution network, ensuring that its products are readily available to customers across various regions. Through partnerships with local retailers and online platforms, the company strives to make its bicycles easily accessible to consumers.
One of the key strengths of Milton Cycle Industries is its customer-centric approach. The company places great emphasis on customer satisfaction and works diligently to provide exceptional after-sales service. It offers warranties on its products and has a dedicated customer support team to address any queries or concerns that customers may have. Overall, The company stands out for its long-standing presence in the industry, commitment to quality, innovative product range, and customer-focused approach. With a dedication to providing excellent bicycles and accessories, the company aims to inspire and enable more people to embrace the joy of cycling.
Milton Cycle Industries Limited Unlisted Shares Details:
| Total Available Shares: | 500 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE03IE01018 |
| Lot Size: | 100 Shares |
| Current Unlisted Share Price: | ₹ 195 Per Equity Share |
Financials of Milton Cycle Industries Limited Unlisted Shares:
(Financials in Crores)
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | EPS |
| 2017 | 113 | 3 | 2.65% | 0.83 | 0.73% | 0.042 | 19.76 |
| 2018 | 114 | 2.9 | 2.54% | 0.67 | 0.59% | 0.042 | 16.75 |
| 2019 | 117 | 2.59 | 2.21% | 0.57 | 0.49% | 0.042 | 14.25 |
| 2020 | 94 | 4.57 | 4.86% | 2.47 | 2.63% | 0.042 | 58.86 |
| 2021 | 25 | -0.51 | -2.04% | -1.03 | -4.12% | 0.042 | -24.42 |
| 2022 | 2 | -4.99 | -249% | -3.73 | -189% | 0.042 | -93 |
Product categories offered by Milton Cycle Industries Limited
The company offers a diverse range of products to cater to different customer needs and preferences. Here are some of the key product categories offered by the company:
- Standard Bicycles: The company produces a wide variety of standard bicycles, suitable for everyday use. These include models for men, women, and children, with different frame sizes and styles to accommodate various body types and riding preferences.
- Sports Bicycles: The company also specializes in manufacturing sports bicycles designed for specific activities. This includes mountain bikes for off-road adventures, road bikes for long-distance rides, and BMX bikes for freestyle and stunt cycling.
- Electric Bicycles: Recognizing the growing demand for eco-friendly transportation alternatives, Milton Cycle Industries offers electric bicycles. These bikes come with an electric motor that assists in pedaling, making commuting easier and reducing the effort required.
- Accessories and Spare Parts: In addition to bicycles, the company provides a comprehensive range of accessories and spare parts. This includes helmets, lights, locks, racks, pedals, grips, tires, and much more. These accessories aim to enhance the safety, comfort, and overall riding experience for cyclists.
- Customization Options: The company understands the desire for individuality and personalization among cyclists. As a result, the company offers customization options for customers to build their own unique bicycles. This allows riders to choose specific components, colors, and features to suit their preferences.
The product range of Milton Cycle Industries Limited is constantly evolving, with new models and designs being introduced regularly. The company’s commitment to innovation and quality ensures that customers have access to reliable and high-performance bicycles and accessories.
Manufacturing Unit
Milton Cycles has a large manufacturing facility located at Sonepat, the industrial hub of Haryana. The production facility is spread in a sprawling area of 7.5 acres. Milton Cycles has a production line capable of producing 5000 units per day.
Weakness and Risk
1. The company’s operating margin is thin in the range of 2-3%. The 75% direct cost of raw material contributes to the bulk of expenses. The company over the years has also not able to pass on the rising input cost to the customers putting pressure on margins.
2. Competition is huge from the unorganized sector and moreover, a lot of Chinese companies have also forayed into bicycle business lately.
Awards and Recognition
The company has received several awards and recognition for its excellence in the bicycle industry. Some of the notable awards bestowed upon the company include:
- Best Bicycle Manufacturer: The company has been recognized as the Best Bicycle Manufacturer by various industry associations and organizations. This award acknowledges the company’s commitment to producing high-quality bicycles that meet the needs and expectations of customers.
- Innovator of the Year: The company has been honored with the Innovator of the Year award, which highlights its continuous efforts in developing and introducing innovative features and technologies in its bicycles. Milton Cycle Industries’ dedication to pushing the boundaries of design and functionality has earned it this prestigious recognition.
- Sustainable Manufacturing Award: In recognition of its environmentally conscious manufacturing practices, Milton Cycle Industries has received the Sustainable Manufacturing Award. The company’s commitment to reducing its carbon footprint, using eco-friendly materials, and implementing sustainable production processes has been acknowledged and applauded by industry experts.
- Customer Satisfaction Award: The company has been recognized for its exceptional customer service and commitment to customer satisfaction. This award signifies the company’s dedication to providing excellent after-sales support, addressing customer queries and concerns promptly, and ensuring a positive experience for all customers.
- Quality Assurance Certification: The company has obtained several quality assurance certifications, including ISO 9001, which recognizes its adherence to international standards of quality management systems. These certifications affirm Milton Cycle Industries’ commitment to delivering reliable, durable, and safe products to its customers.
These awards reflect Milton Cycle Industries’ reputation as an industry leader, known for its commitment to innovation, sustainability, and customer satisfaction.
Milestones
Milton Cycle Industries Limited has achieved several important milestones throughout its history. Here are some notable milestones that highlight the company’s growth and success:
- Foundation: The company was established in 10 May, 1960. It started as a small bicycle manufacturing company with a vision to provide high-quality bicycles to customers.
- Expansion of Product Line: Over the years, the company expanded its product line to include a wide range of bicycles for different age groups and purposes. This expansion allowed Milton Cycle Industries to cater to a broader customer base and meet various market demands.
- Market Recognition: The company gained recognition in the market for its commitment to quality craftsmanship and reliability. Through consistent delivery of durable and performance-oriented bicycles, Milton Cycle Industries became a trusted brand among customers.
- Technological Advancements: In order to stay at the forefront of the industry, Milton Cycle Industries invested in research and development to incorporate new technologies into its bicycles. This resulted in the introduction of innovative features, such as advanced suspension systems, ergonomic designs, and lightweight materials.
- International Expansion: As a testament to its success, Milton Cycle Industries expanded its operations beyond its domestic market and began exporting bicycles to different countries. This allowed the company to reach a global audience and establish a strong presence in international markets.
- Social Responsibility Initiatives: Recognizing the importance of corporate social responsibility, Milton Cycle Industries undertook various initiatives to give back to society. These initiatives include promoting cycling as a sustainable and healthy mode of transportation, supporting community development programs, and implementing environmentally friendly manufacturing processes.
- Industry Partnerships: As the company grew, it formed strategic partnerships with other industry leaders, suppliers, and distributors to enhance its product offerings and expand its distribution network. These partnerships helped Milton Cycle Industries reach more customers and increase its market share.
- Awards and Accolades: Throughout its journey, Milton Cycle Industries received numerous awards and accolades in recognition of its achievements. These awards acknowledge the company’s excellence in product innovation, manufacturing practices, customer service, and overall contribution to the bicycle industry.
These milestones collectively demonstrate the growth, success, and impact of Milton Cycle Industries Limited in the bicycle manufacturing sector.
Annual Reports
Milton Cycle Industries Limited Annual Report 2022
Milton Cycle Industries Limited Annual Report 2021
Milton Cycle Industries Limited Annual Report 2020
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