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Earnings Call

Sealmatic India Earnings Call: Key Takeaways

Sealmatic India reported FY26 turnover of ₹103cr, up 2% YoY. Strategy focuses on supplying subsidized API seals to Middle East projects to capture high-margin aftermarket spares business (80% gross margin).

Why this was an Alfa AlertNot a filter event. Revenue growth of 2% was moderate and margin decreased YoY. FY27 guidance is below 50% threshold.
Highlights
Revenue growth2% YoY in FY26; 15% guided for FY27.
MarginsFY26 margin 17.36%; targeting 23-24% in FY27.
Order book916 critical API seals secured; 686 supplied, 230 under execution.
Demand visibilityStable demand driven by India, Europe, and Middle East oil/gas sectors.
Management confidenceHigh on capturing 80% margin aftermarket business post-commissioning.

Growth

FY26 turnover grew 2% to ₹103cr; EBITDA stood at ₹18.38cr with a 17.36% margin, down from 24% previously.

Outlook

Management guides 15% revenue growth for FY27 with EBITDA margins recovering to 23-24% as exhibition costs taper off.

Risks

Geopolitical instability in the Middle East has delayed project commissioning by 7-9 months, impacting cash flow and turnover.

Last quarter's promises, checked

Delivered

  • Workshop start Jan 2026 → Jan 2026 (= BEAT)
  • Export/Domestic mix 56/44 → 54/46 (= BEAT)

Partly delivered

  • Replacement cycle start April 2027 → Delayed by 7-9 months (= PARTIAL)

Missed

  • EBITDA margin 20% → 17.36% (= MISS)
  • Revenue growth 23% → 2% (= MISS)
Source

Earnings Call filed with BSE, BSE: 543782. Summary written with AI assistance from the document.

Read the document ↗

Sealmatic India Ltd: key numbers

Share price
₹400.00
Market cap
₹434.4 Cr
Revenue (annual)
₹103.1 Cr
Net profit (annual)
₹9.62 Cr
P/E (TTM)
45.2×Sector 53.6×
Promoter holding
72.46%
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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