Business Overview
Milestone Gears is a manufacturer of high-precision, complex engineered transmission components used across sectors such as tractors, construction equipment, electric vehicles, locomotives, windmills and other heavy industries. The Company supplies its products to Indian and global original equipment manufacturers (OEMs) and their affiliated entities. Between April 1, 2022 and June 30, 2025, it served more than 50 customers, including all the top nine OEMs in India’s tractor sector (Source: 1Lattice Report).
Milestone Gears IPO Size
Objects of Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings & accrued interest thereon availed by the Company
- Proposed Greenfield Project
- General corporate purposes
Milestone Gears IPO Financial Performance
(Rs. in crores)
| Particulars | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 168.03 | 530.17 | 533.32 | 612.94 |
| PAT | 9.36 | 22.06 | 6.72 | 14.07 |
| Net Worth | 135.57 | 126.26 | 104.10 | 96.74 |
| Borrowings | 382.58 | 372.76 | 315.25 | 316.84 |
| Assets | 651.84 | 617.67 | 521.61 | 537.81 |
| NAV (₹) | 15.06 | 14.03 | 11.57 | 10.75 |
| EPS (₹) | 1.04 | 2.45 | 0.75 | 1.56 |
Key Performance Indicators (KPIs)
EBITDA
18.16%
PAT
4.16%
RONW
17.47%
ROCE
12.23%
Net Debt to Equity
3.23
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
91.66%
Public
8.34%
Management
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (3)
Company Details
Nme: Milestone Gears Limited
Address: 58, Sector 1, Industrial Area, Parwanoo, District Solan – 173 220, Himachal Pradesh, India
Number: +91 1733 218212
Email: investor.relations@milestonegroup.co.in
Website: https://www.milestonegroup.co.in
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