Nuclear energy stock engaged in designing and manufacturing high-precision & heavy-duty mechanical seals widely employed in various nuclear & thermal projects in focus following successful fundraising to expand into the areas of advanced mechanical seals for defence and nuclear applications.
Price action
With a market capitalization of Rs. 507.71 Crores, the shares of Sealmatic India Limited were trading at Rs.561.00 per equity share, down by 2.45 percent from its previous day’s close price of Rs 575.10 apiece.
What Happened
Sealmatic India Limited has secured “In-Principle Approval” from BSE for issuing 3,93,000 equity shares at ₹637.10 each to non-promoters through a preferential allotment, raising ₹25 crores. The investment by Aegis Investment Fund PCC will support establishing strategic business units in regions like the Middle East, Europe, and the USA.
The raised funds will also drive advancements in mechanical seals for defense and nuclear applications, including stern tube seals, primary reactor seals, and API 682 4th Edition. Additionally, Sealmatic aims to target high-growth API markets in India and the Middle East to expand its market presence.
Financial performance:-
Looking into the company’s financial condition, Sealmatic India Ltd’s revenue jumped by 18 percent from Rs 37.01 crore in H1FY24 to 43.93 crore in H1FY25. During the same time frame, net profits plummeted by 2 percent from Rs 6.59 crore to Rs 6.46 crore.
Manufacturing facilities & client base:-
Recently, Sealmatic inaugurated a new 25,000 sq ft manufacturing facility in Kaman, with a capital investment of ₹6.82 crores, which will boost production capacity by 65%. Machine installation began in March 2024, and the unit will be fully integrated with the Mira Road facility by August 2024 to support timely order execution.
The company has a robust client base including Reliance Industries, Indian Oil, Oil India Ltd, Cipla, NTPC, Larsen & Toubro, ONGC, and others.
Company snapshot:-
Sealmatic India Limited is an Indian firm that designs and manufactures mechanical seals, related products, and sealing support systems. The Company offers a variety of developed mechanical seals and sealing support systems to meet the demands of clients all over the world.
Written by:- Abhishek Singh
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