Sealmatic India Ltd. – Company Report
1. Company Overview
Sealmatic India Ltd., incorporated in 2009 and headquartered in Mumbai, is a prominent Indian manufacturer of high-performance mechanical seals and engineered sealing systems. The company designs and produces mechanical seals, seal supply systems, pumps, valves, high-precision spares, and assemblies for a wide spectrum of industries, including oil & gas, refinery, chemical, pharmaceutical, power, mining, marine, pulp & paper, and defense. Sealmatic is globally recognized—with exports to 53+ countries and major OEM customers such as KSB, Flowserve, BHEL, ITT, and many others. The company operates two major facilities: one at Mira Road (Mumbai) and a new 25,000 sq. ft. integrated plant at Kaman-Vasai (commissioned in late 2024), boosting production capacity by 65%.
- Incorporated: 2009
- Headquarters: Mumbai, Maharashtra, India
- Employees: 51–200
- Certifications: ISO 9001; API 682 certified; international approvals (Kuwait Petroleum, Russian TRCU, etc.)
- Plants: Mira Road & Kaman-Vasai (operational since Nov 2024)
- Product Range: Engineered/mechanical seals (cartridge, split, gas-lubricated, bellows), supply & support systems, high-precision assemblies
- Listed: NSE, BSE (Code: 543782)
- Market Cap (Aug 2025): ~₹481 crore
- Promoter/Management: Umar Balwa (CMD)
- Export Share: ~62%
- Unique Strengths: High global brand visibility, almost debt-free, strong profit growth and product innovation, large capacity expansion
2. Products and Services
- Mechanical Seals: Cartridge, engineered, split, pusher, elastomer & metal bellows, gas-lubricated, and API 682-compliant models for critical rotating equipment (pumps, turbines, compressors, mixers)
- Seal Supply Systems & Components: Cooling, flushing, lubrication systems meeting international design standards
- Custom/Precision Assemblies: For specialized high-pressure and hazardous service
- Turnkey Solutions: For process reliability and life-cycle cost optimization across oil & gas, petrochemicals, marine, and more
- OEM & Export Programs: Direct supplier to major international and Indian OEMs; servicing 53+ countries worldwide
Sealmatic is renowned for high quality, durability, and a strong after-sales engineering support network.
3. Recent News and Business Developments
Global Expansion and Strategic Partnerships
- October 2024: Partnered with Saudi Thalate General Manufacturing Industrial Co Ltd (STG) to offer sales, repair, and refurbishment services in the Kingdom.
- December 2024: Strategic partnership with ValueTech to expand presence in Egypt and wider African markets.
- Sealmatic inaugurated a new 25,000 sq ft manufacturing facility in Kaman, with a capital investment of ₹6.82 crores, which will boost production capacity by 65%. Machine installation began in March 2024, and the unit will be fully integrated with the Mira Road facility by August 2024 to support timely order execution.
Major Domestic and International Order Wins
- January 23, 2024: Company announced that it achieved a significant milestone with its recent certification of ASME U Stamp for Pressure Vessels.
- June 3, 2024: Company announced ₹15 crore order from Kirloskar Ebara Pumps Pvt Ltd (via Engineers India Ltd) for the Mongol Refinery Project — includes 247 mechanical seals and 187 API 682 Plans.
- June 12, 2024: company received the Marine Works Approval Certification from the Indian Register of Shipping (IRS). This certification confirms that Sealmatic Ltd’s manufacturing facilities and quality control procedures meet the standards required for naval and marine applications, particularly in the defense sector.
- August 19, 2024: The investment from BPCL is expected to create a demand for mechanical seals, crucial components in rotary equipment. On a conservative estimate, every ₹8,000 crore of BPCL’s investment will generate a demand for approximately 225 API mechanical seals. With BPCL’s total planned investment of ₹1.7 lakh crore, this translates to a potential requirement of 4,921 API mechanical seals by 2030.
- September 10, 2024: The expansion of India’s nuclear power capacity with 14 new 700 MW reactors creates significant opportunities for Sealmatic India Limited. As the only Indian mechanical seal company with ISO 19443 accreditation, Sealmatic is well-positioned to meet the rising demand. With an estimated requirement of 1400 new mechanical seals by 2030, each reactor will need around 100 seals. Sealmatic aims to capture 15% of this market share, offering highly specialized seals for critical applications in nuclear power plants.
- September 24, 2024:: Secured from BHEL for 1320 MW DVC Raghunathpur Thermal Power Station, strengthening presence in the power sector.
- November 25, 2024: Aegis Investment Fund PCC Niveza has announced an investment of ₹25 crores into the company. The preferential allotment involves the issuance of 3,93,000 equity shares at a price of ₹636 per share, inclusive of a premium of ₹626 per share.
- December 23, 2024: Sealmatic India and its joint venture, High Technology FZ-LLC (HiTech) has incorporated Sealtech Seals Repairs and Maintenance - L.L.C (SealTech LLC) to set up a dedicated service center in Abu Dabhi. The company has acquired Abu Dhabi Economic License. This 50:50 joint venture of Sealmatic with HiTech.
- January 6, 2025: Sealmatic India announced another strategic partnership with Fluiten OOO. With this collaboration, the company will cater to the diverse demands of Russian industries while delivering world-class mechanical sealing solutions.
- January 29, 2025: Sealmatic India Ltd, has secured orders to supply supercritical mechanical seals for various high-capacity power projects. These include the 800 MW Supercritical Power Plant (Adani), 660 MW Supercritical Power Plant (DVC Raghunathpur), and 500 MW Critical Power Plants (NTPC Vindhyanchal, DVC Bokaro, and NTPL).
- February 10, 2025: Indian Navy Submarine Project: Order from Mazagon Dock Shipbuilders Ltd. to supply critical Stern Gland Seal parts for Kalvari Class Submarine (Project P-75) — to be executed in 24 weeks.
Key Approvals and Certifications
- Received key approval from Kuwait Petroleum Company (KPC) and subsidiaries — enhances global credibility in oil and gas sector in January 2025.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue from Operations | ₹101 crore |
| Net Profit (PAT) | ₹15.91 crore |
| Profit Before Tax (PBT) | ₹21.27 crore |
| Basic EPS | ₹17.58 |
| Return on Equity (ROE) | 16.7% |
| Dividend | ₹1/share |
| Dividend Payout % | 6% |
| Debt | Almost debt-free |