During Wednesday’s trading session, the shares of one of the leading manufacturers of granulated/nodulated rockwool in Eastern India hit a 5 percent upper circuit on BSE, after the company announced securing an order from Bharat Heavy Electricals Limited (BHEL).
Price Movements:
With a market cap of Rs. 82.2 crores, the shares of Indobell Insulations Limited opened in the green at Rs. 126 on BSE, up by nearly 1.4 percent, as compared to its previous closing price of Rs. 124.25. The stock has delivered positive returns of more than 42 percent so far in 2025.
What’s the News:
As per the latest regulatory filings with the BSE, Indobell Insulations Limited has secured an order worth Rs. 1.28 crores from Bharat Heavy Electricals Limited (BHEL), for the supply and application of Thermal Insulation for TIP. The order is to be executed by 8th November 2027.
Previous Update:
13th January: Indobell Insulations bagged an order, valued at Rs. 11.01 crores, from Cochin Shipyard Limited, a Central PSU under the Department of Public Enterprises, Ministry of Ports, Shipping & Waterways. This order involved the supply and application of hot lagging.
Financial Performance:
Indobell Insulations reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 14 percent, falling from Rs. 20.77 crores in FY23 to Rs. 17.82 crores in FY24.
In contrast, during the same period, the company’s net profit increased from Rs. 0.9 crores to Rs. 1.03 crores, representing a growth of around 14.4 percent YoY.
About the company:
Incorporated in 1972, Indobell Insulations Limited specialises in delivering customer-focused thermal insulation solutions. The company is one of the leading manufacturers of granulated/nodulated rockwool in Eastern India and is also recognised as one of the leading thermal insulation contractors across the country. Indobell Insulations Limited is among the pioneers in introducing the spray insulation technique in India.
Written by Shivani Singh
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