Shri Balaji Valve Components L

Manufactures valve components used in oil & gas, petrochemical, power, pharma, defence and food & beverage end-markets, operating from three plants in Pune. Shri Balaji Valve Components generated FY26 revenue from operations of Rs 96.81 cr, up 19.5% YoY, with profit after tax of Rs 8.56 cr. Revenue is split roughly 75-78% domestic and 26% exports, with the export book spread across 14 countries and including a new German customer running around $1M annualised plus a bulk order from a Saudi Arabia customer. Production runs on CNC, HMC and VMC machines — about 10 new ones were added in FY26 including 5-axis multitasking machines — and raw material is sourced domestically, with price increases passed through to customers. Raw materials are the biggest cost at 62.3% of revenue, followed by employees at 17.6% and other operating expenses at 6.7%. Capacity utilisation is around 75-80% of an existing facility run-rate ceiling of Rs 140-150 cr, with Plant 3 holding 30-35% unused space for further expansion. FY27 capex is guided at Rs 2-3 cr, and the order book stands at 20-22% of FY26 revenue, executed in 6-10 weeks.