Nuclear energy stock engaged in designing and manufacturing high-precision & heavy-duty mechanical seals widely employed in various nuclear & thermal projects jumped upto 3 percent in the day’s trade following the incorporation of JV in Abu Dhabi.
Price action
With a market capitalization of Rs. 526 Crores, the shares of Sealmatic India Limited were trading at Rs. 592 per equity share, up 2.3 percent from its previous day’s close price of Rs. 578.70.
What Happened
Sealmatic India Limited has announced that for the incorporation of SEALTECH SEALS REPAIRS AND MAINTENANCE – L.L.C a dedicated state-of-the-art service center in Abu Dhabi in association with its joint venture firm High Technology FZ-LLC, has acquired an Abu Dhabi Economic License. Both companies have a 50 percent stake in the JV company.
The service centre will be equipped with state-of-the-art plant and machinery and it will provide world-class support and services for mechanical seals, addressing the needs of major customers like ADNOC, OEMs like KSB, Sulzer, Sundyne, Ebara, RuhrPumpen and host of other EPCs such as PEG, Saipem, Maire Tecnimont, Worley, Wood Group and many other important customers.
About the Company
Sealmatic India Limited is engaged in designing and manufacturing high-precision & heavy-duty mechanical seals that are widely employed in various power plant applications both nuclear & thermal.
Sealmatic’s API-compliant mechanical seals offer technically competent, practical solutions that provide significantly greater safety and process reliability in refining technology, petrochemical, oil & gas, and chemical industries.
The mechanical seals market size is forecasted to increase by USD 1.73 billion at a CAGR of 5.55 percent between 2025 and 2030.
Clientele Base
Sealmatic India Limited has a strong customer base with well-known players like Reliance Industries Limited, IOCL, BPCL, HPCL, Oil India, BHEL, NTPC, ONGC, JSPL, GAIL, GSECL and many others.
Financials & Ratios
Its revenue from operations grew by 19 percent from Rs. 37.01 Crores in H1FY24 to Rs. 43.93 Crores in H1FY25, accompanied by profits of Rs. 6.59 Crores to Rs. 6.46 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 10.43 percent and a return on capital employed (ROCE) of 13.78 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.06.
Written by: Bharath K.S
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