Pradeep Metals Ltd(PRADPME)

NSE: PRADPMEBSE: 513532

₹ 579+2.47%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,000 crWebsite: www.pradeepmetals.comUpdated: 24 Oct 2026

About

Pradeep Metals Limited manufactures closed die stainless, alloy, carbon and nickel alloy steel forgings as finished and semi-finished machined components, operating from a single plant in Rabale, Navi Mumbai. In FY26 the company reported revenue of Rs 338.03 Cr, with closed die steel forging and processing accounting for 98.6% of segment revenue. The company exports 50 - 55% of its finished goods to customers across the USA, UK, Europe, Southeast Asia and the Americas.^[1][2][3]

Business segments

Closed die steel forging and processing contributed Rs 335.97 Cr, or 98.6% of segment revenue, with an EBIT of Rs 45.0 Cr (margin 13.4%) in FY26.^[2]
Power generation is the second reported segment; in FY25 it contributed Rs 1.97 Cr in external revenue with a segment result of Rs 2.68 Cr.^[3]

Products and end-markets

The company makes intricate closed die stainless, alloy, carbon and nickel alloy steel forgings supplied as finished and semi-finished machined components.^[3]
In FY25, Valves contributed 32%, General Engineering 31%, Instrumentation & Flanges 33%, and Defence 4% of total sales.^[3]

Operations

The manufacturing plant is located at R-205, MIDC, Rabale, Navi Mumbai - 400701.^[3]
A 3 MW land-based solar plant was acquired and installed at a cost of approximately Rs 1,200 Lakhs; payback period expected to be 5 years with a 25-year guaranteed generation life.^[3]
The company had 572 employees on its payroll as of 31 March 2025.^[3]
An in-house R&D centre, 'Industrial Microwave Research Center (IMRC)', is recognised by DSIR (Ministry of Science & Technology), with recognition valid up to March 2026.^[3]

Certifications and approvals

The company holds ISO 9001:2015, Pressure Equipment Directive 2014/68/EU (PED), ISO 14001:2015, ISO 45001:2018, Marine, Norsok, ISMS and AS 9100D certifications.^[3]
Quality assurance systems are approved by global OEMs including nuclear grade and high-pressure equipment manufacturers in Europe, USA and Southeast Asia.^[3]
Two Indian patents are granted: Patent No. 433437 (continuous baking of cured friction material using electromagnetic energy) and Patent No. 471191 (Microwave Composite Heating Furnace, jointly with Chubu University, Japan).^[3]

Customers and distribution

The company exports 50 - 55% of finished goods; major customers are located in India, USA, UK, Singapore, Sweden, Denmark, France, Germany, Italy, Mexico, New Zealand and Argentina.^[3]
In FY25, exports were Rs 16,531.31 Lakhs and domestic revenues were Rs 14,654.82 Lakhs out of total revenue from operations of Rs 31,186.13 Lakhs.^[3]
Steel commodity price risk is managed through pass-through contracts, with prices revised to customers on a quarterly basis using the average raw material prices of the preceding quarter.^[4][3]
Strategy of specialisation in custom-made, low-volume high-mix orders; the company can deliver in lead times as short as 2 days.^[3]

Capex and expansion

Capital expenditure in FY25 was Rs 2,463.70 Lakhs (FY24: Rs 2,322.83 Lakhs); capital commitments net of advances fell to Rs 269.71 Lakhs at year-end (FY24: Rs 1,097.68 Lakhs).^[3]
In FY25, Rs 17.50 Cr was invested in a new 16 KJ CNC Hammer, replacing an old pneumatic hammer.^[3]
Management plans to further expand machining capacity and replace additional old forging equipment.^[3]
ERP implementation is under process; expected to strengthen financial controls on completion.^[3]

Recent developments

On 3 March 2025, the Board approved a scheme of amalgamation of Nami Capital Private Limited (ultimate holding company, 59.03% shareholder) with Pradeep Metals Limited; subject to BSE, NCLT and other regulatory approvals.^[3]
The US subsidiary (step-down subsidiary DMW, Houston) saw revenue decline in FY25 due to lower customer demand and pricing; EBITDA was USD 129K; management expects operations to improve substantially.^[3]
The wholly owned subsidiary (WOS) fully repaid a term loan of Rs 819.92 Lakhs (previously secured by a corporate guarantee of Pradeep Metals) during FY25; the personal guarantee of the CMD on the holding company's rupee loans was also released.^[3]
The step-down subsidiary (SDS) faced suspension of navy product orders in FY25; inventory of finished goods in SDS was reduced by Rs 85.48 Lakhs; management is improving inventory record systems.^[3]

Market Cap

₹1,000 Cr

High / Low

₹727 / 206

Stock P/E

25.9

Price / Book

6.1

Book Value

₹95

EPS

₹28.3

No. of Shares

1.73 Cr

ROCE

21.0%

ROE

32.4%

OPM

13.8%

Debt / Equity

0.46

Sales

₹338 Cr

Net Profit

₹49 Cr

Promoter holding

73.5%

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Pradeep Metals Ltd(PRADPME)

About

Business segments

Products and end-markets

Operations

Certifications and approvals

Customers and distribution

Capex and expansion

Recent developments

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