Narmadesh Brass Industries Ltd. IPO
Narmadesh Brass Industries Limited is engaged in the manufacturing of a diverse range of brass products, catering to both domestic and international markets. The Company operates across the brass value chain, offering products and services that serve applications in plumbing, sanitary, agricultural, industrial, and engineering segments.
Product Portfolio
Narmadesh Brass Industries manufactures a wide range of brass products, including Brass Rods, Brass Billets, Brass Valves, Brass Sanitary and Plumbing Fittings, Agricultural Sprayer Parts, Garden Fittings, Ball Valves and Non-Return Valves (NRVs), Brass Turning Components and Brass Compression Fittings and other customized brass components
Brass rods, billets, and components contribute the majority of revenue, while brass valves are sold under the Company’s own brand.
Customer Base and Market Presence
The Company supplies its products primarily to manufacturers, wholesalers, and end users. It operates in a single business vertical of brass product manufacturing, serving customers across multiple industrial applications.
Its strategic location in Jamnagar—India’s major brass manufacturing hub—provides easy access to raw materials, skilled labour, and established supply chains, enhancing operational efficiency and competitiveness.
Strengths and Competitive Advantages
i) Integrated and well-equipped manufacturing facility
ii) Strategic location in Jamnagar, Gujarat
iii) Wide and diversified brass product portfolio
iv) Strong promoter-led management with deep industry experience
v) In-house quality control and process integration
vi) Ability to serve both domestic and export markets
Objects of the Narmadesh Brass Industries Ltd. IPO:
Narmadesh Brass Industries Ltd. IPO Details:
| Open Date: | Jan 12 2026 |
| Close Date: | Jan 15 2026 |
| Total Shares: | 8,71,200 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Price |
| Issue Size: | 45 Cr. |
| Lot Size: | 240 Shares |
| Issue Price: | ₹ 515 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Jan 20 2026 |
Promoters And Management:
Financials of Narmadesh Brass Industries Ltd. IPO:
| Particulars | 6M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 34 | 88 | 79 | 60 |
| EBITDA (Cr) | 6 | 9 | 11 | 2 |
| EBITDA Margins | 18.3% | 10.6% | 15% | 4% |
| PAT (Cr) | 4.01 | 5.72 | 7.09 | 0.89 |
| PAT Margins | 11.7% | 6.5% | 9% | 1.49% |
| ROCE | 13.31% | 23% | 37% | 11.00% |
| D/E Ratio | 0.86 | 2.16 | 3.91 | 0.72 |
| OPerating Cash Flow | 0.63 | 1.12 | -7.9 | -2.84 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Narmadesh Brass Industries Limited | 88 | 10.6% | 6.5% | 23% | 2.16 | 159.7 | 27.9 |
| Poojawestern Metaliks Limited | 50.36 | 7% | 3.07% | 10.90% | 1.58 | 29 | 13.2 |
| Siyaram Recycling Industries Limited | 511 | 5% | 2.94% | 16.60% | 0.82 | 118 | 11.8 |
| Note: Forward P/E is 19.91 According to FY 2026 | |||||||
Lead Manager of Narmadesh Brass Industries Ltd. IPO:
Registrar of Narmadesh Brass Industries Ltd. IPO:
Discussion on Narmadesh Brass Industries Ltd. IPO:
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