Royal Arc Electrodes Ltd - Stock Valuation and Financial Performance

Royal Arc Electrodes Limited was incorporated in Mumbai, Maharashtra, as a ‘Royalarc Electrodes Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 15, 1996, issued by the Additional Registrar of Companies, Maharashtra. Thereafter, the company was converted from a private limited company to a public limited company pursuant to a special resolution passed by its Shareholders at the Extraordinary General Meeting held on March 9, 2005, and consequent upon conversion, the name of the company was changed to ‘Royalarc Electrodes Limited’ and a certificate of change of name dated March 31, 2005, issued by Registrar of Companies, Maharashtra, Mumbai. 

Subsequently, the name of the company was changed to ‘Royal Arc Electrodes Limited’ pursuant to the special resolution passed by the Shareholders of the company at the Extra-Ordinary General Meeting held on May 29, 2023. The Assistant Registrar of Companies, Maharashtra, Mumbai / Deputy Registrar of Companies, Maharashtra, Mumbai /Registrar of Companies, Maharashtra, Mumbai issued a fresh certificate of incorporation dated June 16, 2023, upon change of the name of the Company.

The company is engaged in the business of manufacturing of welding consumables such as, welding electrodes, flux cored wire, MIG/TIG wires, which finds its application in the welding of tanks, boilers, heavy structures, beams, pipes, cylinders, pressure vessels, etc. which are used in industries like railways, roadways, airport infrastructure, refineries, shipyards, mines, sugar industries, telecom industries, thermal power stations, PEB sectors, etc. Further, the company is also engaged in the business of trading of ancillary/incidental products like wheels, electro slag, welding flux cored wire, electro slag strip cladding, saw flux and TIG /MIG wires.

It manufactures its products from copper coated wire, MS Strips, MS wire, SS strip, SS wire, nickel wire, ferro alloy powder, etc conforming to international standards, from its highly sophisticated and technically competent manufacturing facility. At its manufacturing facility, the raw materials undergo through a process of wire drawing and cutting, powder mixing, covering and baking. Accordingly, its existing manufacturing plant consists of extrusion units, baking ovens, drawing units, cutting units, forming mills, powder mixers, packing machines and testing labs. The company has the necessary instruments such as, chemical analysis instrument, spectro-meter, material testing lab equipment and is backed by related quality assurance equipment’s for measuring chemical and mechanical properties along with their sizes and shapes of its raw materials and finished goods to match international and domestic standards as well as customer specifications. 

Business area of the company

The company is engaged in the business of manufacturing of welding consumables such as, welding electrodes, flux cored wire, MIG/TIG wires.

Products of the company

• Welding electrodes
• Flux cored wire
• MIG/TIG Wires- MIG

History and milestones

• 1996: Incorporated as Private Limited Company and started manufacturing of welding consumables.
• 2003: Expanded the manufacturing capacity by adding state-of the art facility.
• 2005: Converted to Public Company.
• 2014: Manufacturing facility spread over 25082.61 sq. mtr.
• 2021: One of the few companies to have received ‘BIS CARE Certification’ for manufacturing flux cored wire.