MESON VALVES INDIA LTD.
NSE : NABSE : 543982ISIN
CODE : INE0OYE01013Industry : TradingHouse
: Private
BSE907.6024.15 (+2.73 % )
PREV CLOSE (Rs.) 883.45
OPEN PRICE (Rs.) 908.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 11000
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE
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Company News
| Date | Heading | Details |
|---|---|---|
| 16-Apr-2024 | Meson Valves India receives export orders from KW Engineering Solutions | <p style="text-align: justify;">Meson Valves India has received two export orders from KW Engineering Solutions, Singapore for an aggregate amount of $8,46,810 (Rs 7.03 crore approximate) exclusive of all taxes. The order has to be delivered within the period of 16 weeks. This is a unique export order due to Meson's experience in niche high end technology products like remote operated Triple offset butterfly valves in Non-ferrous materials. </p><p style="text-align: justify;">Meson Valves India is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets.</p><div style="text-align: justify;"><br></div> |
| 20-Jan-2024 | Meson Valves India informs about voting results of postal ballot notice | <p style="text-align: justify;">Meson Valves India has informed that it enclosed Voting Results of Postal Ballot Notice dated December 18, 2023 along with Scrutinizer Report.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 20-Dec-2023 | Meson Valves India informs about press release | <div>Meson Valves India has informed that pursuant to section 101 of Companies Act, 2013 read with rule 20 of the companies (Management and Administration Rules, 2014), it attached Newspaper advertisement copy published in English Newspaper (The Goan Everyday) and vernacular newspaper (Goan Varta) for the purpose of Postal Ballot Notice submission and intimation of E-Voting for the agenda item.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 18-Dec-2023 | Meson Valves receives LoA from GRSE | <p style="text-align: justify;">Meson Valves has received Letter of Acceptance (LoA) from Garden Reach Shipbuilders & Engineers (GRSE) for supply of B&D Spares for Under Water Valves for Project SVL. The Order value will be Rs 2.76 crore Inclusive of all taxes. </p><p style="text-align: justify;">Meson Valves India is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets.</p><div style="text-align: justify;"><br></div> |
| 18-Dec-2023 | Meson Valves receives purchase order from Garden Reach Shipbuilders & Engineers | <p style="text-align: justify;">Meson Valves India has received Purchase Order from Garden Reach Shipbuilders & Engineers (GRSE) for supply of B&D Spares for Hull Valves for Project ASW SWC. The Order value is Rs 1.35 crore Inclusive of all taxes. The said order is expected to be completed in 3 months. </p><p style="text-align: justify;">Meson Valves India is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets.</p><div style="text-align: justify;"><br></div> |
| 07-Sep-2023 | Meson Valves India coming with an IPO to raise Rs 31.09 crore | <p style="text-align: justify;"><span style="font-weight: bold;">Meson Valves India </span></p><p style="text-align: justify;"></p><ul><li>Meson Valves India is coming out with an initial public offering (IPO) of 30,48,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 102 per equity share. </li><li>The issue will open for subscription on September 8, 2023 and will close on September 12, 2023.</li><li>The shares will be listed on BSE SME.</li><li>The share is priced 10.20 times higher to its face value of Rs 10.</li><li>Book running lead manager to the issue is Shreni Shares.</li><li>Compliance Officer for the issue is Anand Lohia.</li></ul><p></p><p style="text-align: justify;"><span style="font-weight: bold;">Profile of the company</span></p><p style="text-align: justify;">Meson Valves India is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets. IT supplies mainly to Naval, Oil and gas industries, Power, Refineries and General Industries, both in domestic and international markets. The company is engaged in the business of assembling, buying, selling, distributing, importing, exporting or otherwise dealing in products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices. It also deals in installation, maintaining, servicing or otherwise handling of equipment and services that control and manage all products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices.</p><p style="text-align: justify;">The company has been accredited with various quality certifications, certifying the design, development, manufacturing, supplying, marketing, sales and servicing of all types of valves, control valves, actuators, strainers, fluid control, management systems and related accessories. Its assembly unit is situated at Khed, Pune, Maharashtra. The unit is well equipped with CNC machines, all necessary Fixtures for assembly and test machinery for quality assurance, other handling Equipment's to facilitate smooth assembly process and easy logistics. It endeavours to maintain safety in its premises by adhering to key safety norms, established through its internal health and safety manual, accompanied by regular safety meetings. Its follow ERP System for its routine from Customer enquiry to Dispatch of Goods. </p><p style="text-align: justify;"><span style="font-weight: bold;">Proceed is being used for:</span></p><p style="text-align: justify;"></p><ul><li>Purchase of plant and machinery for setting up of manufacturing unit.</li><li>Funding working capital requirements.</li><li>General corporate purposes.</li></ul><p></p><p style="text-align: justify;"><span style="font-weight: bold;">Industry overview</span></p><p style="text-align: justify;">The growth of the India Industrial Valves Market can be attributed to rapid industrialization coupled with increasing automation of industrial processes. In addition, the increasing number of oil and gas (O&G) exploration activities in offshore areas, associated with increasing energy demand, is also a key growth driver. Moreover, the expansion of nuclear power plants and oil refineries will enhance the growth of the market. In addition, increasing pipeline installations and growing demand for pipeline monitoring and control from a central location are having a positive impact on the market.</p><p style="text-align: justify;">India industrial valves market was valued at $2.6 billion in 2021 and is projected to reach $3.7 billion by 2028, growing at a CAGR of 5.2% during the forecast period. Technological upgrades and product development highly influence the Indian industrial valves market. Also, the increasing adoption of industrial valves in sewage pumps, sewage treatment plants, and several other applications further fuels the growth of the industrial valve market. </p><p style="text-align: justify;">Industrial valves are electromechanical devices used to regulate the flow and pressure of liquids, gases, vapors, powders, and slurries in piping systems. These valves consist of bodies, trims, discs, seats, stem packings, end connections, seal rings, bonnet bodies, union bolts, yokes and yoke nuts, and drivers and controls. They help stop the flow through the pipe when necessary, prevent backflow to the discharge side, and protect equipment from overpressure hazards. There are various types of industrial valves on the market today based on size, design, function, and operation. These valves are widely used in the refineries, chemical, pharmaceutical, water and wastewater treatment, food and beverage (F&B), energy, oil, and gas sectors. </p><p style="text-align: justify;"><span style="font-weight: bold;">Pros and strengths</span></p><p style="text-align: justify;"><span style="font-weight: bold;">Product Portfolio: </span>Its product mix has evolved over the past several years as it has entered into new product categories. It continuously develop products to meet new demands and by controlling the complete supply chain from assembling, testing to delivery and commissioning, it is able to offers quality and cost effective solutions with shorter lead time. It also arranges to supply tailor made products to meet specific requirements of the customers. It trusts that maintaining a variety of products in its business provides it with an opportunity to cater to diverse needs of different customer segment.</p><p style="text-align: justify;"><span style="font-weight: bold;">Experienced promoters and management team: </span>The Promoters and the senior management team of the company have significant industry experience and have been instrumental in the high growth of the company in the recent few years. The company is promoted individually by Swaroop Raghuvir Natekar, Brijesh Madhav Manerikar & Vivekanand Maruti Redekar , possessing an average experience of more than 6 years in the field of supply of valves, actuators, Strainers and remote-control valves systems. It has an experienced management team with significant experience in the industry.</p><p style="text-align: justify;"><span style="font-weight: bold;">Customer base across geographies and industries:</span> The Company is engaged in the business of supplying of valves, actuators, Strainers and supply of remote-control valves systems to the industries both in domestic and international markets. The company has a customer base across industries and geographies both at domestic and overseas. It follows B2B customer segment catering the Marine, Offshore, Oil and gas industries, Power, Refineries and General Industries. It procures its products for further assembly and supply from various countries across the globe such as Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey and United Arab Emirates and in the domestic market, it procures the products from states such as Goa, Gujarat, Maharashtra, Karnataka, Tamilnadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi and Telangana based on puchases made for the financial year ended March 31, 2023, 2022 and 2022. IT has two business divisions (i) domestic sales; and (ii) exports.</p><p style="text-align: justify;"><span style="font-weight: bold;">Risks and concerns</span></p><p style="text-align: justify;"><span style="font-weight: bold;">Dependent on third party logistics services:</span> The Company uses third party transportation providers for delivery of its finished goods and supply of its products. Though its business has not experienced any disruptions due to transportation strikes in the past, any future transportation strikes may have an adverse effect on its business. These transportation facilities may not be adequate to support ita existing and future operations. In addition, its products may be lost or damaged in transit for various reasons including occurrence of accidents or natural disasters. There may also be delay in delivery of products which may also affect its business and results of operation negatively. An increase in the freight costs or unavailability of freight for transportation may have an adverse effect on its business and results of operations. </p><p style="text-align: justify;"><span style="font-weight: bold;">Face competition:</span> It operates in a competitive market. Many Indian and foreign players are operating in the valves market. There are several strategies adopted by its competitors to increase their market share through pricing, service, new product introductions and distribution reach among others. This increased competition by both traditional and new players may affect its margins. In order to protect its existing market share or capture market share, it may be required to increase expenditure for increasing its reach and to introduce and establish new products. Due to inherent risks in the marketplace associated with new product introductions, including uncertainties about user industry's response, increased expenditure may not prove successful in maintaining or enhancing its market share and could result in lower profitability.</p><p style="text-align: justify;"><span style="font-weight: bold;">Does not have long-term agreements with suppliers:</span> Its business is significantly affected by the availability, cost and quality of the products. It is dependent on external suppliers for supply of its products. The prices and supply of these and other products and components depend on factors beyond its control, including general economic conditions, competition, production levels, transportation costs and duties. If, for any reason, its suppliers of products and components should curtail or discontinue their delivery of such products to it in the quantities it needs or at prices that are competitive or expected by it, its ability to meet the requirements of its customers could be impaired and its earnings and business could suffer.</p><p style="text-align: justify;"><span style="font-weight: bold;">Outlook</span></p><p style="text-align: justify;">Incorporated in 2016, The company is engaged in the business of assembling, buying, selling, distributing, importing, exporting or otherwise dealing in products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices. On the concern side, it operates in a competitive market. Many Indian and foreign players are operating in the valves market. There are several strategies adopted by its competitors to increase their market share through pricing, service, new product introductions and distribution reach among others. This increased competition by both traditional and new players may affect its margins.</p><p style="text-align: justify;">The company is coming out with an IPO of 30,48,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 102 per equity share to mobilize Rs 31.09 crore. On performance front, the company's total revenue increased by 159.81% from Rs 1,431.57 lakh for the financial year March 31, 2022 to Rs 3,719.30 lakh for the financial year ended March 31, 2023. Profit after Tax increased by 112.87% to Rs 452.43 lakh in FY 2023 from Rs 212.54 lakh in FY 2022. Going forward, the company intends to expand its business operations by entering into segment of manufacturing of valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices. It is currently engaged in the business of supplying of valves, actuators, Strainers and remote control valves systems to the industries both in domestic and international markets. Hence, in order to now expand its business operations, it intends to enter into manufacturing concern.</p> |
