Mauria Udyog Ltd

Mauria Udyog Ltd. – Company Report


1. Company Overview


Mauria Udyog Ltd. (MUL), incorporated in 1980 and headquartered in Gurugram, Haryana, is India’s largest manufacturer and exporter of welded steel LPG cylinders, valves, regulators, and related accessories. The company operates a major manufacturing facility in Faridabad, with an annual production capacity of about 4 million LPG cylinders, 5 million valves, and 4 million pressure regulators. MUL exports to over 70 countries across all continents, serving both governmental and private sector clients. It holds ISO 9001, ISO 14001, and ISO 45001 certifications, demonstrating strong quality, environmental, and occupational safety compliance. The company employs over 950 workers and is known for supplying special orders, such as LPG cylinders for the London Olympic Games 2012, and was the first company outside Korea approved by KGS for certain cylinder types.

  • Incorporated: 1980
  • Headquarters: Gurugram, Haryana, India
  • Manufacturing Facility: Faridabad, Haryana
  • Employees: 950+
  • Certifications: ISO 9001, ISO 14001, ISO 45001, international agency endorsements
  • Executive Leadership: Navneet Kumar Sureka (Managing Director)
  • Export Markets: 70+ countries worldwide

2. Products and Services


Mauria Udyog Ltd. offers a comprehensive range of high-quality products and services including:

  • LPG Cylinders: Welded steel cylinders of various capacities for storage and transport of liquefied petroleum gas; includes disposable, specialty, and industrial cylinders.
  • LPG Valves & Pressure Regulators: Wide assortment for domestic, automotive, and industrial LPG applications, serving both OEM and aftermarket clients.
  • Accessories: LPG hoses, cylinder testing and refurbishing services, and related fittings for gaseous fuels.
  • Refrigerant Cylinders: Solutions for the HVAC and industrial refrigerant sector, with a recent focus on low GWP refrigerant gas applications.
  • Textile Products: Premium Jacquard towels, terry towels, bathrobes, bath mats, and bath linen for hospitality and retail clients.
  • Agro and Metal Trading: Involvement in trading of soya, oils, de-oiled cakes, and various ferrous/non-ferrous metals, both domestically and internationally.

3. Recent News and Financial Performance


Key Highlights:

  • Expanded outreach in the refrigerant industry and participated in global expos.
  • Continued preference by oil majors, PSU gas companies, and international utility clients.
  • Investments in digital infrastructure and technology upgrades.
  • Enhanced compliance, productivity, and market diversification.

4. Financial Performance (FY2025)


Metric FY2025 Value
Total Revenue ₹409 crore
Net Profit ₹18 crore
Net Profit Margin 4.4%
Earnings Per Share ₹1.37
ROE 34%

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales0.482.68
EV / EBITDA10.0315.4
Debt / Equity4.660.41
ROE %34.0220.06
ROCE %14.2522.26
P / B6.134.03
Div Yld %00.88
P/E18.4226.38
OPM %6.2315.25
Qtr Sales Growth YOY %7.9616.04
Qtr Profit Growth YOY %-31.0351.11
ROA LAST 12M %2.4711.58
Prom. Hold. %73.9363.14
Sales 3Yrs CAGR %19.2324.65
Sales 5Yrs CAGR %019.46
Profit 3Yrs CAGR %89.2871.34
Profit 5Yrs CAGR %046.57

Scroll table for more