Sealmatic India Reports 23% Revenue Growth in H1 FY26, Expands Global Footprint
Sealmatic India achieved revenue of Rs 53.63 crores in H1 FY26, a 23.44% increase from H1 FY25. EBITDA grew by 19%, though margins faced pressure. The company supplied 490 API seals across Middle East markets, potentially generating Rs 25 crores in replacement revenue from FY27. A joint venture in Abu Dhabi is expected to be operational by December 2025. Sealmatic participated in several international exhibitions as part of its market penetration strategy. The company maintains a strong export focus, with 56% of revenue from exports.
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Sealmatic India , a leading mechanical seal manufacturer, has reported a strong financial performance for the first half of fiscal year 2026, with significant revenue growth and strategic expansions in international markets.
Financial Highlights
Sealmatic India achieved a revenue of Rs 53.63 crores in H1 FY26, marking a 23.44% increase from Rs 43.92 crores in the same period last year. The company's EBITDA grew by approximately 19% compared to H1 FY25, although margins experienced some pressure.
| Financial Metric | H1 FY26 | H1 FY25 | Change |
|---|---|---|---|
| Revenue | 53.63 | 43.92 | +23.44% |
| EBITDA Margin | 20.00% | 23.00% | -3.00% |
| Profit Before Tax | 8.67 | - | 15.70% of revenue |
Note: Revenue and Profit Before Tax figures are in Rs crores
The company attributes the slight decline in EBITDA margins to increased project activities and market penetration expenses, including participation in several international exhibitions.
Global Expansion and Market Penetration
Sealmatic India has made significant strides in expanding its global footprint, particularly in the Middle East markets. The company has supplied 490 API seals across Kuwait, Abu Dhabi, Saudi Arabia, Oman, and Iraq. These seals are expected to generate replacement revenue of approximately Rs 25 crores starting from FY27.
Strategic Initiatives
The company has been actively participating in international exhibitions to strengthen its market presence. Some key events include:
- NEFTEGAZ in Moscow
- Oman Petroleum Show in Muscat
- Defense and Technology Show in Chennai
- Pump Symposium in Houston, USA
- RoTIC in Dubai, UAE
These exhibitions, while incurring costs of approximately Rs 35-40 lakhs each, are part of Sealmatic's long-term strategy for market penetration and customer engagement.
Joint Venture in Abu Dhabi
Sealmatic India has established a joint venture in Abu Dhabi, which is expected to be operational by December 2025. This strategic move aims to meet local content requirements and strengthen the company's position in the ADNOC (Abu Dhabi National Oil Company) supply chain.
Future Outlook
The company expects to add 70-80 more seals in the next six months, further expanding its project portfolio. The replacement cycle for the current 490 API seals is anticipated to begin from FY27, potentially generating around Rs 15 crores in annual replacement revenue initially.
Sealmatic India maintains a strong export focus, with 56% of its current revenue coming from exports and 44% from domestic sales. The company continues to see steady growth in its legacy distribution business, particularly in European markets.
As Sealmatic India continues to expand its global presence and diversify its product offerings, the company remains optimistic about its growth trajectory, despite challenges in the global economic environment.
Historical Stock Returns for Sealmatic
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.02% | -2.31% | -5.25% | -15.92% | -17.39% | +98.81% |
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