Nuclear Energy Stock
During Tuesday’s trading session, shares of Sealmatic India Ltd, a micro-cap company specialising in seal and pump manufacturing, surged nearly 4.2 per cent, hitting an intraday high of Rs 550 on the BSE. The surge came after the company announced approval from Kuwait Petroleum Company (KPC).
With a market capitalisation of Rs 477 crore, Sealmatic India stock was trading at Rs 532 at 1:55 pm, showing a rise of nearly 0.8 per cent compared to its previous close price of Rs 528.15.
In a recent regulatory filing, Sealmatic revealed that it has received approval from KPC, which oversees several subsidiaries including KIPIC, KPI, KUFPEC, KGOC, KOC, KNPC, PIC, KOTC. This certification demonstrates Sealmatic’s commitment to innovation, quality and reliability in the global oil and gas sector, positioning the company to play a key role in supporting KPC and Kuwait’s ambitious energy objectives.
KPC’s approval further solidifies Sealmatic’s position as a leader in providing advanced sealing solutions to the oil and gas industry, reinforcing its reputation for setting industry standards.
About Kuwait Petroleum Company
Kuwait’s current oil production is 2.9 million barrels per day, which is projected to reach 3.2 million barrels per day by 2026. KPC and its subsidiaries, such as Kuwait Oil Company (KOC), are leading several major initiatives to expand oil and gas production.
KOC’s strategic plan aims to increase oil production to 3.65 million barrels per day by 2035, a move that is expected to increase state revenue by an additional $11 billion over the next five years. KOC is responsible for nearly 90 percent of Kuwait’s oil production and plans to achieve a daily gas production capacity of 1.5 trillion cubic feet by 2040.
Recent Developments
30 December 2024: Sealmatic announced global expansion through a strategic partnership with Valuetech Engineering Technologies in Egypt. This partnership aims to address the diverse needs of customers in Egypt and across Africa, delivering products that meet Sealmatic’s global standards of excellence.
6 January 2025: Sealmatic entered into another strategic partnership with Fluiten OOO to serve Russian industries, focusing on sales, repair and refurbishment of mechanical seals in the region.
Financial Overview
Sealmatic India reported a marginal revenue growth of around 19 per cent year-on-year, from Rs 37 crore in H1 FY24 to Rs 44 crore in H1 FY25. However, the company’s net profit witnessed a marginal decline, falling to Rs 1.5 crore from Rs 6.6 crore. 6.5 crore, which is a decrease of about 1.5 percent compared to last year.
Stock Performance
In the last one year, Sealmatic’s stock has given a negative return of about 2.5 percent, while in the last six months it has shown a positive return of about 24 percent. However, the stock has seen a decline of about 6 percent in the last month.
About Sealmatic India Limited
Established in 2009, Sealmatic India Limited is engaged in the manufacturing of mechanical seals, seal supply systems, pumps, valves, motors and precision mechanical engineering components. These products are mainly used in the oil and gas industry. In 2023, Sealmatic became the only mechanical seal company in India to be awarded the ISO 19443 certification for nuclear applications.
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