Nuclear energy stock engaged in designing and manufacturing high-precision & heavy-duty mechanical seals widely employed in various nuclear & thermal projects jumped up to 4 per cent in the day’s trade upon successfully developing critical mechanical seals for Defence Applications.
Price Action
With a market capitalization of Rs. 476 Crores, the shares of Sealmatic India Limited were trading at Rs. 526.45 per equity share, up 3 percent from its previous day’s close price of Rs. 510.25.
What Happened
Sealmatic India Limited has announced that it has successfully developed & supplied critical mechanical seals for Defence Applications through dockyards and shipbuilders, thus opening doors to cater to the diverse demands of the defence industries while delivering world-class mechanical sealing solutions
Hitesh Vyavahare, Corporate Manager, Defence Applications, of Sealmatic Limited states that
“As Sealmatic continues to innovate and uphold the highest standards, the above prestigious orders will serve as a keystone for the future endeavours in the naval & maritime industry, particularly within the defence sector, thus reflecting the company’s unwavering commitment to quality and excellence in the manufacturing of mechanical seals for highly critical applications.”
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.
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
