Thread by @sovrennofficial

#SealmaticIndiaLimited: The company designs and manufactures mechanical seals and associated products. It manufactures a wide range of seals like Pusher seals, Standard cartridge seals and much more, which are used in various industries like Oil & Gas, Mining, Chemical etc.

Usage: A rotating machine works more precisely when there is no leakage, and to ensure that, mechanical seals are used, as it is used to prevent the leak of a high-pressure fluid into a low pressure liquid and to keep containments out.

Leadership:
Umar A.K Balwa (Founding Member): 33 year experience of managing function at Sealmatic, Balwa Group, Burgmann.
Hanif Sharifbhai Chaudhary (Founding Member): 33 year experience in designing, manufacturing and servicing of mechanical seals.

Rafiq H. Balwa (Promoter Director): 10 Year experience in construction and hospitality.

#FinancialPerformance (March, In INR Cr):
Sales: 2020 - 33, 2021 - 35, 2022 - 43, 2023 - 59

Op. Profit: 2020 - 8, 2021 - 10, 2022 - 12, 2023 - 15

Net Profit: 2020 - 5, 2021 - 6, 2022 - 8, 2023 - 11

#Financials: The company has a market cap of INR 280 Cr, and is trading at a PE of 25.4x

#ManufacturingUnit : Currently, company operates a unit on a leased land, located in Thane, Mumbai.

#GrowthPlans : IPO Listed in Mar'23. Company raised INR 56.2 Cr in the IPO (Freshly issued - INR 41.6Cr & Offer For Sale - INR 14.6Cr).

Net proceeds of the issue will be used for - Purchasing Plant & Machinery (INR 12Cr), New Product Development (INR 3.3Cr), Marketing & After Sales Support (INR 11Cr), Provisions & Contingency (INR 4Cr), Working Capital Requirement (INR 7.2Cr), Issue Related Expense (INR 1.1Cr

#CapacityExpansion : Company entered into lease agreement for opening one more manufacturing facility in Thane, Mumbai. It will increase the production capacity by 60% of the current capacity.

#NewProduct : Dec'22: The company introduced a new product – Double Metal Bellow Seal, which is mainly suitable for high and low temperature applications.

#GeographicalPresence : Has presence in both domestic & international market. Approx 77% of its sales comes from export and the rest 23% comes from domestic sales. It exports to countries including USA, UK, Germany, Australia, France, Japan, Norway and many more countries.

#DiverseClientele : More than 1000 clients, including 500 Fortune companies. Some of its customers include 1.    Tata, Reliance Industries Limited, Indian Oil Corporation, Bharat Heavy Electricals Limited (BHEL), Gail India Limited, Engineer India Limited (EIL) etc.

#GlobalMechanicalSealIndustry : The global mechanical seal market stood at US$ 3.2bn in 2018 and is expected to grow to US$ 4.7bn in 2026, with a CAGR of 5.2%.

Bulk Deal:
31 Mar'23: Vinita Jain bought 81.6k shares at INR 209/share, totaling to INR 1.7Cr.
1 Mar'23: Rajasthan Global Securities bought 61.2k shares at INR 233/share, totaling to INR 1.4Cr. Amarchand Goutamchand Baid bought 60k shares at INR 225/share, totaling to INR 1.3Cr

The company posted very good results in the March quarter as well

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