Narmadesh Brass Industries Lim

Manufactures brass industrial products from a base in Jamnagar, Gujarat, classified under 'Other Industrial Products'. FY26 revenue from operations reached Rs 9,522.48 lakh on total revenue of Rs 9,722.60 lakh, up roughly 10% year-on-year. Raw materials dominate the cost structure at 96.6% of revenue, with employees at 2.6%, other operating costs at 3.4% and depreciation at 1.1%, pointing to a materials-intensive manufacturing setup. The business listed on the BSE SME platform in January 2026 (Scrip Code 544680) via an IPO that raised Rs 3,259 lakhs, with proceeds deployed towards debt repayment (Rs 1,450 lakhs), machinery and equipment (Rs 329 lakhs), working capital (Rs 1,020 lakhs) and general corporate purposes (Rs 460 lakhs). Despite top-line growth, profit after tax fell about 30% to Rs 355.13 lakh, with H2 FY26 swinging to a Rs 76.42 lakh loss after a Rs 431.55 lakh profit in H1. It is classified as a SEBI 'Large Corporate' on the basis of its outstanding borrowings.