Manufactures mechanical seals — primarily API 682 oil & gas seals and critical-application seals for nuclear, marine and high-pressure/high-temperature equipment. Sells through OEM/projects (52% of H1 FY26 revenue), legacy distribution (41%) and direct to end-users (7%); major customers include ADNOC, KSB, Sulzer, Sundyne, Ebara and Indian defense and BHEL. FY26 turnover was Rs. 103.07 crore versus Rs. 101.14 crore in FY25, while H1 FY26 revenue grew 23.4% year-on-year to Rs. 53.63 crore. Has cumulatively placed 490+ API seals across the GCC (UAE, Kuwait, Saudi Arabia, Oman, Iraq), with management guiding Rs. 15-25 crore of replacement revenue annually from FY27 over the 35-year equipment lifetime. Is building an Abu Dhabi JV service center (SealTech) targeted operational by Dec 2025; similar centers in Oman, Kuwait and Qatar are under discussion. Materials are the largest cost at 42.9% of FY26 revenue, followed by employees at 18.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. OEM/Projects (52%), Legacy distribution (41%), End user (7%). Small-cap industrial seal manufacturer, long-cycle qualified-supplier business with project subsidisation and a 35-year replacement annuity tail
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 103 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 8.85 |
| ROE % · ROCE % | — · 12.1 |
| Debt / equity (x) | — |
| Cash from operations | (1) |
| Capex | (5) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 54 | 49 |
| Profit before tax | 8 | 5 |
| Net profit | — | — |
| EPS (₹) | 6.61 | 3.35 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INOX INDIA LIMITED | 20,354 | 79.9 | 18.21 | 53.0 | 23.1 | 30.0 | — | 23.4 |
| HBL ENGINEERING LTD | 19,890 | 21.5 | 8.99 | 17.0 | 36.8 | 45.3 | 29.4 | 26.2 |
| ESAB INDIA LTD | 9,101 | 41.0 | 21.20 | — | 48.1 | 60.4 | — | 19.2 |
| SUBROS LIMITED | 4,581 | 27.5 | 3.68 | 13.0 | 13.3 | 16.0 | 15.9 | 8.4 |
| W P I L LTD. | 4,268 | 27.0 | 2.17 | 12.1 | 10.2 | 13.1 | 13.3 | 17.7 |
| HARSHA ENGINEERS INT LTD | 4,060 | 26.3 | 2.90 | 15.8 | 11.1 | 13.2 | — | 15.9 |
| ADOR WELDING LTD | 2,802 | 24.7 | 5.05 | 20.2 | 14.8 | 19.9 | 20.6 | 13.8 |
| DIFFUSION ENGINEERS LTD | 1,686 | 30.7 | 4.16 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Aug 2026 · Video recording link of 17th AGM held on 24 July 2026 shared with BSE | investor communications | low | — | — |
| 24 Jul 2026 · New statutory auditor appointed for five-year term | management changes | medium | — | — |
| 24 Jul 2026 · Sealmatic India 17th AGM: All 5 resolutions passed, Rs 1.10 dividend approved | compliance | minimal | — | — |
| 24 Jul 2026 · 17th AGM held; final dividend of Rs 1.10 per share recommended | board shareholder meetings | low | — | — |
| 10 Jul 2026 · Routine compliance filing for Q1FY27 depository certificate | compliance | minimal | — | — |
| 2 Jul 2026 · Sealmatic India 17th AGM notice and e-voting details published | compliance | minimal | — | — |
| 30 Jun 2026 · Record date fixed for FY26 final dividend of Rs 1.1 per share | corporate actions | high | — | — |
| 30 Jun 2026 · Sealmatic India files FY26 annual report, 11 percent dividend declared | results | medium | — | — |
| 30 Jun 2026 · 17th AGM on 24 July 2026; final dividend of Rs 1.10 per share recommended | board shareholder meetings | low | — | — |
| 10 Jun 2026 · Submission under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - Audio recording of Investor Call | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 22.6 |
| 12.4 |
| 15.2 |
| — |
| 16.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.2 | 17.3 | 25 of 29 | 14% |
| ROCE | 11.7 | 12.3 | 17 of 31 | 47% |
| Market cap | 402 | 108 | 11 of 31 | 67% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
