The shares of leading manufacturers of granulated hit 5 percent upper circuit of Rs 96.35 per share after the company bagged a prestigious work order from Cochin Shipyard Limited for Rs 11.04 crore.
With a market capitalization of Rs 60.70 crore, the shares of Indobell Insulations Ltd were trading at Rs 96.35 per share, increasing around 5 percent as compared to the previous closing price of Rs 91.77 apiece.
Reason for rise
The shares of the company have seen positive movement after Indobell Insulations Ltd bagged a prestigious work order from Cochin Shipyard Limited for the Supply and application of Hot Lagging, the aggregate value of this order is Rs 11.04 crore.
Financial condition
Analyzing the company’s financial performance, revenue zoomed by 231 percent from Rs 20.77 crore in FY22-23 to Rs 17.82 crore in FY23 – 24 but during the same time, net profit magnified by 14 percent from Rs 0.90 crore to Rs 1.03 crore.
In FY24, revenue comprised manufacturing (61.23%: mineral fiber nodules 19.56%, ceramic fiber nodules 9.33%, prefabricated insulation jackets 32.34%), trading (24.45%, including LRB mattresses, ceramic fiber blankets, and aluminum sheets), and services (14.32%), reflecting a diverse business portfolio across sectors.
Geographical Presence
The company derives 66.29% of its FY24 revenue domestically, primarily from Tamil Nadu, Uttarakhand, and West Bengal, while 33.71% comes from exports to key markets such as Switzerland, the USA, Taiwan, Germany, and South Korea.
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Manufacturing facilities
Indobell operates strategically located manufacturing facilities in West Bengal and Maharashtra. The West Bengal facility specializes in producing nodulated wool and processing bulk fibers through stages such as slicing, slitting, and surface rotation.
These facilities have integrated in-house processes. The company claims that this ensures the entire production cycle is completed internally for efficiency and quality control.
Product portfolio
The company offers a diverse portfolio, including mineral and ceramic fiber nodules for insulation and industrial use, and prefabricated thermal insulation jackets for energy efficiency. Its services include thermal insulation application, supervision, material supply for projects, and engineering and consultancy support.
Company Profile
Indobell Insulations Limited is a manufacturer and contractor of insulation products such as nodulated and granulated wool, including mineral and ceramic fiber nodules, as well as prefabricated thermal insulation jackets. These products are designed for use in various applications that include residential, commercial, and industrial insulation projects.
Written by Abhishek Singh
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