Sealmatic India Ltd
BSE:543782
Sealmatic India Ltd
Sealmatic India Ltd. designs and manufactures mechanical seals and associated products. The company is headquartered in Mumbai, Maharashtra and currently employs 246 full-time employees. The company went IPO on 2023-03-01. The firm has a range of engineered mechanical seals and sealing support systems to cater the needs of customers located all across the globe. The firm primarily offers its products to oil and gas, refinery, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp and paper, aerospace, marine and other industrial applications. The company offers a range of products and services for every sealing requirement, such as pusher seals, standard cartridge seals, elastomer bellows seals, metal bellows seals, engineered seals, split seals, gas-lubricated seals and others. Its products are sold to over 45 countries, including the United States, the United Kingdom, Germany, Netherlands, Italy, Sweden, Norway, Switzerland, Denmark, Australia, France, Japan and others. Its manufacturing facility is located in Thane.
Sealmatic India Ltd. designs and manufactures mechanical seals and associated products. The company is headquartered in Mumbai, Maharashtra and currently employs 246 full-time employees. The company went IPO on 2023-03-01. The firm has a range of engineered mechanical seals and sealing support systems to cater the needs of customers located all across the globe. The firm primarily offers its products to oil and gas, refinery, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp and paper, aerospace, marine and other industrial applications. The company offers a range of products and services for every sealing requirement, such as pusher seals, standard cartridge seals, elastomer bellows seals, metal bellows seals, engineered seals, split seals, gas-lubricated seals and others. Its products are sold to over 45 countries, including the United States, the United Kingdom, Germany, Netherlands, Italy, Sweden, Norway, Switzerland, Denmark, Australia, France, Japan and others. Its manufacturing facility is located in Thane.
Strong Revenue Growth: Revenue for H1 FY26 rose by 23% year-on-year to INR 53.63 crores.
Margin Pressure: EBITDA margin declined to around 20%, down from 23% in the prior period, mainly due to increased project activity and higher marketing expenses.
Expansion & Exports: Sealmatic continues expanding in key international markets, with over 56% of sales coming from exports, and new wins in regions like the Middle East and Russia.
Replacement Revenue Visibility: Management expects replacement revenue of INR 15–25 crores from approximately 490 API seals starting from FY27, with recurring business expected to increase annually as more seals are supplied.
Upcoming JV Operations: The Abu Dhabi joint venture workshop is set to begin operations by January 2026, with business from ADNOC-linked seals expected from April 2027.
Stable Legacy Business: The core export/distribution business remains steady and resilient despite global headwinds.
Facility Utilization: Combined plant utilization is about 75%, with expectations to maintain this level throughout the year.
