Here is what you need:
1. Milk
2. Badams (Almonds)
3. Sugar
4. Elachi (Cardamom)
5. Saffron(http://en.wikipedia.org/wiki/Saffron)
Method:
For 4 people:
1. Soak about 30 baadams in hot water for 3 hours.Cover the vessel while you let the badams soak.
2. After 3 hours, peel the skin from the baadams.
3. Grind it with about 3-4 elachis and a little water.
4. You should grind it till you get a semi-solid smooth paste.
5. For every cup of the paste, add about 1.5-2 cups sugar depending on your tolerance to sweet. (You can always add sugar later if you think you need more sweet to your baadam milk)
6. Add hot milk to this and stir till the paste becomes liquid and all the ingredients are mixed together.
7. Take about a cup of hot milk, and add little saffron to it.
8. When you see the milk starting to turn yellow, pour this into the baadam milk and stir well.
9.Allow it to cool for sometime and then refrigerate it.
10. Drink the badam milk cold.
Note: When you remove the baadam milk from the refrigerator, it will be a little solid. Add milk to it before drinking!