CHEMTECH INDUSTRIAL VALVES LTD

Manufactures industrial valves for process industries such as steel, cement, power, fertilizers, water, and chemicals, operating from facilities in India. Revenue splits between a Manufacturing segment and a Project Sales segment, with FY26 total income of ₹30.17 crore and an EBITDA margin of 30.07%. Key products include patented Line Blind Valves, which customers report deliver 40-60% OPEX savings during shutdowns, and large Double Offset Butterfly Valves (DN 3000 MM) for blast furnace gas service. The customer base includes Larsen & Toubro, AMNS India, Tata Steel, and JSW Steel Salem, with 1,400 valves dispatched to the latter in a record 10 weeks. The largest cost is raw materials at 59.2% of revenue, followed by other operating expenses at 27.3% and employee costs at 10.0%. Management targets ₹250 crore in revenue by FY29-30, framing its opportunity around India's industrial capex cycle where valves typically account for 1-1.5% of total project cost.