GMM Pfaudler Ltd(GMMPFAUDLR)

NSE: GMMPFAUDLRBSE: 505255

₹ 1,208.05-5.18%refreshed 23 Oct, 03:50 pm ISTMarket cap: ₹ 5,431 crNext results: 4 Nov 2026Website: www.gmmpfaudler.comUpdated: 24 Oct 2026

About

GMM Pfaudler Ltd is a leading global provider of process technologies, systems and services for the chemical, pharmaceutical and industrial sectors, with glass-lined equipment trusted by over 90% of the world's top chemical companies. The group reported revenue of 3523.94 crores in FY26 and operates 20 manufacturing facilities across 4 continents, serving customers in over 75 countries. It reorganised in Q1 FY27 into four global technology divisions - CRT, PPT, HET and PST - replacing the prior India/International geographic structure.^[1][2]

Business segments

Technologies: Rs 2,065 crores revenue in FY26, the largest business, covering glass-lined reactors and corrosion-resistant equipment.^[1]
Services: Rs 1,021 crores revenue in FY26, covering aftermarket parts, repairs and field service.^[1]
Systems: Rs 438 crores revenue and Rs 865 crores order intake in FY26, covering engineered process systems.^[1]
By geography in FY26: Overseas revenue Rs 2,547.52 crores (72.3%) vs Rs 2,345.07 crores in FY25; India Rs 976.42 crores (27.7%) vs Rs 853.62 crores in FY25.^[1][3]

Products and brands

Portfolio spans 20 complementary brands including Pfaudler, Mavag, Mixion/Mixel/MixPro/SEMCO, Interseal, Equilloy, Edlon and Normag.^[1]
Materials covered: glass-lined steel, borosilicate glass 3.3, fluoropolymers, high nickel alloys, zirconium and tantalum.^[1]
Vertical Conical Filter Dryer delivers up to 50% shorter batch cycles and 60% lower energy consumption versus conventional designs.^[1]
R&D spending rose to 0.84% of turnover in FY26 from 0.36% in FY25.^[1]

Manufacturing operations

20 manufacturing facilities across India (Karamsad, Ahmedabad, Vatva), USA, Brazil, Canada, UK, Germany, France, Switzerland, Italy, Poland and China as of FY26.^[1]
India glass-lined equipment facilities moved from ~50-60% utilisation to full capacity in FY26.^[1]
Poland JV (GMM Inox) became operational around Q2 FY26 as a low-cost European hub, with ~80% of output serving Swiss and French subsidiaries.^[4]
Vatva site achieved NABL accreditation; it can support Rs 700-800 crores revenue with small incremental investment.^[1]
Invested in a 3.02 MW group-captive hybrid renewable plant and a 1 MW solar plant at Vatva in FY26.^[1]
Group headcount is 2,000+ across 35+ nationalities; international operations had 1,026 employees as of 31 March 2026.^[1]

Orders and backlog

Order backlog was a record Rs 2,289 crores in Q1 FY27, up 20% YoY; it stood at Rs 2,194 crores on 1 April 2026, up 34%.^[5][1]
Order intake was Rs 1,007 crores in Q1 FY27 (flat YoY); FY26 intake was Rs 3,714 crores, up 20%.^[5][1]
Q1 FY27 division revenue: CRT Rs 466 crores (+10% YoY), PPT Rs 255 crores (+23%), HET Rs 74 crores (flat), PST Rs 131 crores (+46%).^[5]
Non-traditional industries were 43% of order intake in Q1 FY27, up from 31% in FY24.^[5]
Edlon (US fluoropolymers) scaled from ~USD 10 million to USD 25 million revenue, serving Micron, Intel and other chipmakers.^[6]

Customers and markets

Glass-lined equipment trusted by over 90% of the world's top chemical companies; customers in over 75 countries.^[1]
SEMCO (Brazil) adds exposure to South American metals, minerals, rare earths, oil & gas and petrochemicals.^[7]
In India, pharma recovery and agrochemical capex resumption drove glass-lined and CRT orders as of Q1 FY27.^[5]

Expansion and restructuring

Poland JV (GMM Inox) to get additional production sheds for stainless steel and Hastelloy vessel production.^[6]
Edlon (US) new site investment underway for semiconductor demand; also entering nuclear glove-box manufacturing.^[6]
Group refinancing planned over 12-18 months; EUR 7 million repayment targeted by end of Q2 FY27.^[5]
Freehold land at Bhogat classified as held for sale as of FY26; Hyderabad facility sale and UK Leven site closure decided in FY25.^[1][8]

Recent developments

Q1 FY27: reorganised into four global divisions (CRT, PPT, HET, PST), each with a dedicated CEO.^[5]
May 2026: Mr. Gelhaus, son-in-law of promoter Ashok Patel, appointed Group CEO with a Rs 17.08 cr package paid via Mavag AG.^[1]
CEO Aseem Joshi resigned effective September 26, 2025.^[1]
Q1 FY27: HET order intake rose 719% YoY to Rs 58 crores on EIL approvals and first nuclear, power and Middle East orders.^[5]
Q4 FY26: Germany (Waghäusel) restructuring completed, delivering Rs 45 crores annualised cost savings.^[6]
Q2 FY26: SEMCO (Brazil) acquired for USD 18.5 million, adding ~USD 20 million to the order backlog.^[7]

Market Cap

₹5,431 Cr

High / Low

₹1,532 / 735

Stock P/E

72.9

Price / Book

4.5

Book Value

₹268

EPS

₹12.9

No. of Shares

4.5 Cr

ROCE

14.3%

ROE

5.2%

OPM

8.1%

Debt / Equity

0.69

Sales

₹3,524 Cr

Net Profit

₹52 Cr

Promoter holding

25.2%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

GMM Pfaudler Ltd(GMMPFAUDLR)

About

Business segments

Products and brands

Manufacturing operations

Orders and backlog

Customers and markets

Expansion and restructuring

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions