Uni Abex Alloy Products Ltd – Company Report
1. Company Overview
Uni Abex Alloy Products Ltd, incorporated in 1972 and part of the Neterwala Group, is a prominent Indian manufacturer and exporter of centrifugal and static castings made from heat-, wear-, and corrosion-resistant stainless steel alloys. Operating from its advanced plant in Dharwad, Karnataka, the company has established a strong presence in both domestic and international markets, serving critical industrial applications across petrochemicals, refineries, fertilizers, power, and steel sectors.
With over five decades of expertise, Uni Abex has absorbed global technology and built a strong client base of OEMs and EPCs. It is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 and is listed on the BSE (UNIABEXAL).
Key Highlights
- Incorporated: 1972
- Headquarters: Dharwad, Karnataka
- Group: Neterwala Group
- Certifications: ISO 9001:2015, 14001:2015, 45001:2018
- Employees: ~200–500
- Listed on: BSE (Code: UNIABEXAL)
- Core Strengths: Mission-critical alloy casting, global exports, long-standing OEM relationships
2. Products and Services
Centrifugal and Static Castings
- Wide range of heat-, corrosion-, and wear-resistant stainless steel alloys
- Includes carbon, low alloy, austenitic, ferritic, martensitic, duplex/super duplex, and high-nickel alloys
Key Product Range
- Reformer tubes, catalyst tubes for petrochemical, ammonia, fertilizer, and steel industries
- Cracking coils, radiant tubes, outlet header assemblies for refineries and chemical reactors
- Decanter centrifuge bowls and cones for separation in food and industrial processes
- Conveyor rolls, cylinder rolls, retorts, air tubes, end hubs, and custom-engineered castings
Testing and Quality Facilities
- In-house material analysis, NDT, radiography, mechanical stress, and hardness testing
Client Segments
- OEMs, EPC contractors, and direct end-users in heavy industrial and process sectors
3. Recent News and Business Developments (2025)
Expansion to North America
- Uni Abex Alloy Products Limited, a Neterwala Group Company is making a strategic foray into the North American market as it debuts as a sponsor and exhibitor at CRU Nitrogen + Syngas USA 2025 in Tulsa, Oklahoma, from April 1-3, 2025, which would be as a first-time participant in the USA edition of this flagship CRU event.
Technology and Capacity Upgrades
- September 8, 2025: Uni Abex Alloy Products Ltd will invest over Rs 100 crore to double its alloys production capacity by FY26. The expansion at its Dharwad facility in Karnataka aims to meet rising demand from industries like iron, steel, petrochemicals, and fertilizers. This move will increase production from 6,000 to 12,000 metric tonnes per annum.
- October 6, 2025: Uni Abex has signed a sale agreement for 9.45-acre Thane land to RSVM Hospitality Pvt. Ltd. for ₹244.23 crore, and the transaction, expected to close by January 31, 2026.
- Ongoing technology upgrades in centrifugal casting and proprietary alloy development. Enhancing in-house R&D for next-gen industrial alloy performance.
Dividend Policy
- Declared a modest 0.75% dividend for FY2025.
- Retained earnings aimed at funding future R&D and capacity expansion.
4. Financial Performance (FY2025)
| Metric | FY2025 |
|---|---|
| Revenue | ₹200.1 crore |
| Net Profit (PAT) | ₹33.6 crore |
| Net Profit Margin | 17% |
| EPS | ₹170 |
| Dividend Payout % | 21% |
| Leverage Position | Conservative; strong liquidity |