Unimech Aerospace and Manufacturing Ltd. A good proxy for the nuclear theme: they manufacture electromechanical subsystems for nuclear reactors.
They see healthy growth in the segment in coming years
Wide Space to Compete in Various Component
800 Cr bid was done in nuclear space, with 20 to 30% potentially qualifying.
This is a big positive. Read this
https://www.wsj.com/economy/canada-india-strike-1-9-billion-uranium-supply-agreement-as-they-firm-ties-b025d2ca
I was more keen on finding instruments in India but I reckon there are none right now.
Also unable to find any undervalued bets in this sector. Doesn’t make sense to invest in L&T, BHEL to play on nuclear. I was interested in MTAR but valuations are through the roof. Will keep looking.
Not a reco, but Walchandnagar Industries is heavily exposed to Nuclear and has fallen quite a bit from it’s top a couple of years ago. Recent quarter was one where they were finally profitable though I hope this becomes the norm and not just the result of a good one-off execution.
It is a moonshot for me and I am ready to face years or lack of movement. Execution is key.
Disc - Invested in Walchandnagar and biased
Sealmatic India should be in the list as I think it’s a sole NPCIL approved mechanical seal vendor.
Thanks for sharing that. But it has a 400 Cr. market cap, so I excluded it.