Sealmatic India Limited (Further referred as “Sealmatic”)., is pleased to announce that it has secured a prestigious order for the critical parts of Stern Gland Seal for the Kalvari Class Submarine (Project P-75) from Mazagon Dock Shipbuilders Ltd.
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It is the first order they have received in defence. Looks like they can secure good orders even from this sector.
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Sealmatic has come out with excellent results. Topline, net profit has gone up by more than 50%. Though cash flow is still negative, it is negligible as compared to operating profit figures.
Sealmatic-25.pdf (2.1 MB)
In FY 2024-25 they earned eps of Rs. 17.5. If growth momentum is maintained, we can expect an eps of Rs. 25 in the current financial year. They have already started getting some orders from defence sectors. Things look good.
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It seems Sealmatic is going to establish a third unit, which is expected to add approximately 25,000 square feet of working space by the end of the year. At present Sealmatic has 60,000 square feet of working space spread into two units, one in Mira Road and other in Kaman.
source: https://www.youtube.com/watch?v=OMLnxQ3raSQ&t=4s
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