PRICE HISTORY.
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Key numbers
Published fundamentals and the date each figure was recorded.
About this company
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.
COMPANY REGISTRY · ON FILE
THE CREW · BOARD & MANAGEMENT
COMMON QUESTIONS.
Is MIL Industries Limited listed on the stock exchange?+
No. As of 2 September 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.
What is the MIL Industries Limited unlisted share price?+
As of 2 September 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.
What indicative minimum amount is displayed for MIL Industries Limited unlisted shares?+
The displayed unit count is 40 share(s); at the indicative price of about ₹279, the displayed amount is approximately ₹11,160. This is a display convention, not evidence of inventory, an order minimum or a quote.
What is the ISIN of MIL Industries Limited?+
The recorded ISIN of MIL Industries Limited is INE651L01019. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.
Is trading in MIL Industries Limited unlisted shares legal in India?+
Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.
Is there a lock-in period for unlisted shares?+
A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.
Do you guarantee returns?+
No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.