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Novalum Materials Limited

Services › Commercial Services & Supplies
₹45.15
at close · 8 Oct 2026
▲ 2.15 (+5.00%)

Latest filings

  1. Trading window closed ahead of Q2 FY26 results · Compliance
  2. New ISIN activated after stock sub-division to Rs 2 face value · Corporate Actions
  3. Stock split record date fixed at August 28, 2026 · Corporate Actions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as a trading and distribution business in the commercial services sector, listed on BSE with FY26 total assets of Rs 16.8742 crore. The cost structure shows no direct material costs, with other operating expenses at 1.9% of revenue and employee costs at 0.5% of revenue. Total income rose sharply year-on-year in FY26, from Rs 90.99 lakhs to Rs 4,256.44 lakhs, which the filings attribute to a recent acquisition, though specifics of that acquired business are not detailed in the available facts. The board has approved acquiring up to 51% of Teneron Limited, a recycled aluminium platform with over 48,000 TPA capacity that supplies 50% of Suzuki Motor Gujarat's aluminium alloy needs and works with over 80 international aggregators and over 40 domestic suppliers. The Teneron deal is structured as a related-party transaction subject to shareholder approval at the August 2026 AGM, alongside a proposed name change to Novalum Materials Limited.

Operating scale
FY26 revenue
Rs 41.2164 croreFY26
FY26 EBITDA margin
3.02%FY26
Teneron aluminium recycling capacity (target)
48,000+ TPAFY25
Teneron FY25 revenue (target)
Rs 708 croreFY25
Teneron share of Suzuki Motor Gujarat aluminium needs
50%FY25
Proposed Teneron stake
Up to 51%FY27
Who pays it
Current trading operations' end customers are not specified in the facts; pending Teneron acquisition would serve Suzuki Motor Gujarat and aluminium alloy customers
Biggest cost
Other operating expenses (1.9% of revenue in FY26)
Kind of business
Small, low-margin trading and distribution business pursuing aluminium recycling pivot via related-party acquisition
Where it sits
BSE-listed micro-cap entity (Rs 16.8742 crore total assets in FY26) in the trading & distributors basic industry; proposing transformation into aluminium recycling via Teneron Limited acquisition
Market Cap
₹57 Cr
P / E (TTM)
66.2×
EV / EBITDA
45.8×
Div Yield
—
Growth
207.9%▲
Revenue 5y CAGR
PAT +125.7% · EBITDA +126.5%
Quality
0.6%·
ROCE (5y median)
ROE 0.4% (5y median) · margin 3.0%
Leverage
0.05·
Debt / Equity · low
Net debt ₹0.51 Cr
Revenue FY21→FY26
276.6×▲
Margin −7.9 pts
₹0 Cr → ₹41 Cr
Cash conversion
0.93×·
Operating cash ÷ profit · 5 yrs
₹1 Cr on ₹1 Cr
Where it sits among 188 Trading & Distributors peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#112/130
P/B#121/150
ROCE#47/177
ROE#56/158
Debt / Equity#73/154
EBITDA margin#86/137
Revenue growth#2/135
Profit growth#102/157

Scorecard

Measured from the filed financials, judged against its Trading & Distributors peers · as of FY26 — not investment advice

Strengths
Revenue compounding 208% a year over 5 years
Profit compounding 126% a year over 5 years
Concerns
Returns on capital 0.6% (5-year median)
#47 of 177 in Trading & Distributors on the latest reported figures · up from 0.6% in FY21
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

Price

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from Novalum Materials Limited's filed financials and exchange disclosures

What does Novalum Materials Limited do?

Novalum Materials Limited is a Commercial Services & Supplies company listed on BSE.

Is Novalum Materials Limited profitable?

Yes. Over the trailing twelve months Novalum Materials Limited reported a net profit of ₹0.86 Cr on revenue of ₹41 Cr.

Does Novalum Materials Limited pay a dividend?

Not in the latest reported year — Novalum Materials Limited's dividend payout for FY26 was nil.

Is Novalum Materials Limited debt-free?

No. It reported borrowings of ₹0.73 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹0.51 Cr after cash. Debt stands at 0.05× equity. That is lower than 53% of its 154 Trading & Distributors peers.

Is Novalum Materials Limited expensive compared with its peers?

On trailing P/E, Novalum Materials Limited ranks 112 of 130 in Trading & Distributors — cheaper than 14% of them, against an industry median of 16.9×. This is a position, not a valuation judgement.

Where can I track Novalum Materials Limited's announcements?

Every NSE and BSE filing by Novalum Materials Limited appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.