This market leader industrial manufacturing company which specifically manufactures mechanical seals and associated products, has bagged an order from BHEL for various power projects.
Share Price Movement
With a market capitalization of ₹ 420 Cr, the share of Sealmatic India opened at ₹ 480, and after opening it made a high of ₹ 496 up 6.50% from yesterday’s closing price of ₹ 465 at around 11.30 AM the stocks had declined a bit to ₹480. The past month’s return for the stock is – 8% and the 1-year return stands at – 12%.
Details about the order
The order is for the supply of super-critical mechanical seals for various high-capacity power projects. BHEL has placed orders for power projects of Adani, DVC Raghunathpur, NTPC Vindhyanchal, DVC Bokaro, and NTPL.
For the Adani power plant, the company has received 41 Nos of supercritical mechanical seals along with 8 Nos of auxiliary skids for mechanical seals. DVC Raghunathpur plant has placed 38 Nos. of supercritical mechanical seals and NTPC Vindhyanchal, DVC Bokaro, and NTPL placed 17 Nos of supercritical mechanical seals.
The company has not provided any monetary Value for the order but the period by which the order/contract is to be executed is 24 weeks
Q2FY25 Results
Revenue from operations for Q2FY25 grew by 18.91% YoY from ₹ 44 Cr compared to ₹ 37 Cr for Q2FY24. Net profits fell marginally by 0.77% from ₹ 6.5 Cr to ₹ 6.45 Cr for the same period. Net profit Margin saw a decline from 17.81 % compared to 14.70% for the same period. Q3 earnings for the company are yet to be announced
About the Company
Sealmatic designs and manufactures mechanical seals and associated products mainly for oil & gas, refinery, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp & paper, aerospace, marine, and many more industrial applications. Today, it provides the most complete selection of engineered mechanical seals and sealing support systems. Sealmatic products are globally recognized as a trusted brand in the process industry.
Written By Abhishek Das
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