Monolithisch India, a key player in ramping mass manufacturing for the steel and foundry sectors, posted strong financial growth in FY25. Backed by strategic location, product diversification, and high customer retention, it attracted investor Mukul Agrawal.
India’s Electrodes & Refractories sector is vital for steel and heavy industries, driven by infrastructure growth and “Make in India.” In 2024, the graphite electrodes market reached USD 600 million, projected to grow at 4.3 percent annually, while the refractories market stood at USD 2.5 billion, expected to hit USD 3.4 billion by 2033.
With a market capitalization of Rs 1,010.83 crore, the shares of Monolithisch India Ltd closed at Rs 465.05 per share, decreased around 1.32 percent as compared to the previous closing price of Rs 471.25 apiece.
Ace investor Mukul Agrawal made a fresh investment in June 2025 by acquiring 500,000 equity shares, representing a 2.3 percent stake in the company. As per the latest corporate shareholdings filed, Agrawal currently holds stakes in 62 companies, with a total portfolio value exceeding Rs 6,696 crore, reflecting his continued confidence in emerging opportunities within Indian equities.
Looking forward to the company’s financial performance, revenue increased by 41 percent from Rs 69 crore in FY23-24 to Rs 97 crore in FY24-25. Further, during the same time frame, net profit increased by 56 percent from Rs 9 crore to Rs 14 crore.
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Monolithisch India is involved in the manufacturing and supply of specialised ramming mass, which serves as a heat insulation lining material for induction furnaces in iron, steel, and foundry plants. The company also occasionally trades its products to meet urgent customer demands.
Monolithisch India runs a manufacturing plant in Purulia, West Bengal, with an installed capacity of 132,000 MTPA. Equipped with automated crushers, mixers, and packers, the facility leverages its strategic location near raw material sources in Bihar, Jharkhand, and Madhya Pradesh. This proximity helps lower freight costs and enhances margins, giving it a competitive edge.
Monolithisch India has built strong, long-term ties with key clients, primarily in the iron and steel sectors across West Bengal, Jharkhand, and Odisha. The company highlights a high customer retention rate, with approximately 61.44% of its business derived from repeat customers, reflecting consistent satisfaction and reliability in meeting industry-specific requirements over time.
Monolithisch India has expanded its product portfolio over time, offering a wide range of ramming mass variants customized for different furnace sizes and operational requirements. Key products include SGB-777, SLM-999, and quartzite grain SLM-980. This diversification has significantly contributed to the company’s growth by enabling it to effectively cater to a broad spectrum of customer needs.
Written by Abhishek Singh
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