Sealmatic India surges on suppling critical mechanical seals for defence applications

Sealmatic India is currently trading at Rs. 527.70, up by 17.45 points or 3.42% from its previous closing of Rs. 510.25 on the BSE.

The scrip opened at Rs. 508.70 and has touched a high and low of Rs. 527.75 and Rs. 493.50 respectively. So far 8400 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 869.00 on 16-Feb-2024 and a 52 week low of Rs. 493.50 on 13-Jan-2025.

Last one week high and low of the scrip stood at Rs. 572.00 and Rs. 493.50 respectively. The current market cap of the company is Rs. 476.39 crore.

The promoters holding in the company stood at 72.38%, while Institutions and Non-Institutions held 0.12% and 27.50% respectively.

Sealmatic India has successfully developed & supplied critical mechanical seals for Defence Application through dockyards and shipbuilders, thus opening doors to cater to the diverse demands of the defence industries while delivering world class mechanical sealing solutions. This will be a significant milestone, confirming that the manufacturing facilities and quality control procedures of Sealmatic meet the rigorous standards required for naval & marine applications, particularly in the defence sector.

Sealmatic has successfully supplied critical mechanical seals for the Midget Submarine Program. It is MDL’s flagship R&D program and is poised to propel MDL into an elite international league of Submarine Designers in addition to its proven credentials of being the Submarine Builder to the nation. Mazagon Dock launched a scaled model of its Arowana Midget Submarine on May 14, 2024. With this great stride, MDL aims to turn India truly ‘Atmanirbhar’ in the field of Submarines.

Sealmatic has successfully supplied the Mechanical Seals for CTTC’s Aviation Fuel Pump development project for Light Combat Aircraft - LCA, through CTTC which is developing this Aviation Fuel Pump under the indigenization program launched by Hindustan Aeronautics (HAL) under the guidance of the DRDO and the Indian Air Force.

Sealmatic India is engaged in the business of designing and manufacturing of mechanical seals and associated products. Mechanical seals are mainly used in Oil & Gas, refinery, petrochemical, chemical, pharmaceutical, fertiliser, power, mining, pulp & paper, aerospace, marine and other industrial.