Valves Manufacturer Secures Breakthrough US Contract Worth Rs 31,61,00,000
The stock is up by 32 per cent from its 52-week low of Rs 448 per share.
Meson Valves India Limited (BSE CODE: 543982), a leading valve specialist, has announced a significant breakthrough with its first-ever contract in the United States. The Rs 31.61 crore (approximately USD 3.60 million) order is a 3-year comprehensive supply contract focused on high-performance critical valves. These valves will serve key sectors including Oil & Gas, Chemical/Petrochemical, Water and Wastewater, Power, Food and Beverages, and Refineries, as well as secondary applications in industries like Pulp & Paper, Steel, and Agriculture. This win marks a major milestone for Meson Valves, opening doors to a new market and validating their technical capabilities.
This contract not only establishes Meson Valves in the competitive global valve market but also positions them for further growth. The company is actively pursuing additional product categories for the US market and engaging in strategic discussions with potential US partners. To support this expansion, Meson Valves is developing specialized solutions for region-specific requirements, enhancing its after-sales service network, and investing in quality certification and compliance processes to meet rigorous US industry standards. They anticipate this initial success will pave the way for more international opportunities and accelerate their overall global market expansion strategy.
Earlier, On January 15, 2025, Prime Minister Modi announced the construction of 60 Navy ships, a Rs 1.5 trillion project expected to generate Rs 3 trillion in economic activity. Meson Valves India Limited plays a key role, in manufacturing essential valves for these vessels, supporting the 'Make in India' initiative and Aatmanirbharta. Supplying projects like the INS Nilgiri and P15B, Meson Valves' specialized valves meet stringent naval specifications, strengthening India's maritime defence. Their indigenous systems support current shipbuilding and the vision of a self-reliant defence sector, aligning with the government's indigenous content goals. This initiative promises enhanced naval capabilities and economic growth, with Meson Valves a key contributor. Their commitment to local production ensures vital components are sourced domestically, boosting national pride and contributing to India's defence strength and prosperity.
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About the Company
Established in 2016, Meson Valves India Limited emerges as a prominent global player in the manufacturing of high-quality valve products across various industries. With a strong global presence, MESON offers a comprehensive range of valves in various materials, backed by experienced engineers providing tailored automation systems. Their expertise spans the Defence, Marine, Industrial, Oil & Gas, and Power sectors, showcasing their versatility and commitment to meeting diverse market demands. They leverage cutting-edge technologies to innovate in valve solutions, meeting evolving industry demands. As an ISO 9001-certified company, MESON prioritizes quality assurance, registering with reputed firms, and supplying valves for critical applications, including defence projects.
The stock is up by 32 per cent from its 52-week low of Rs 448 per share. The company has a market cap of over Rs 500 crore and shares of the company have an ROE of 23 per cent and an ROCE of 28 per cent. In FY24, total revenue stood at Rs 63.32 crore with an EBITDA of Rs 14.95 crore and a net profit of Rs 9.05 crore. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.