What we do Newmalayalam Steel Limited manufactures galvanized steel pipes, tubes, and sheets, serving Kerala's construction and industrial markets with sustainable manufacturing methods including solar power usage. |
Founded in 2,017 |
Market share Established strong dealer base in Kerala; significant local market presence via promoters and wholesalers. |
Problem solved Provides high-quality galvanized steel products essential for construction and infrastructure, addressing demand for durable, coated steel solutions. |
Top clients or who we serve Local contractors, retailers, wholesalers, construction agencies, and consumers primarily in Kerala; B2B and B2C segments served. |
Key management Mr. Mahendra Kumar Jain (Chairman and Executive Director), Mr. Varghese Vazhappilly Davis (Managing Director) |
Our journey and innovations Started in 2017, acquired Demac Steel's business; steadily increased capacity by adding tube mills, launched solar power plant in 2022, and went public in 2024. |
Where we operate Operations and sales concentrated mainly in Kerala, India. |
Top products or what we offer Galvanized pipes, tubes, sheets; flagship manufacturing unit in Thrissur with advanced electric resistance welding tube mills. |
Top brands - |
Raw materials needed Steel coils and sheets for manufacturing galvanized pipes and tubes. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is mostly recurring from the steady demand in construction and infrastructure projects. |
Our industry position Competitive player in Kerala's galvanized steel market with growing production capacity and expanding dealer network. |
Financial highlights FY 2024-25 revenue Rs. 306.02 Cr, net profit Rs. 4.41 Cr; steady growth supported by IPO proceeds. |
Geographical revenue split Primarily Kerala state within India. |
Order book - |
Whats driving growth Capacity expansions, market penetration in local infrastructure sector, brand building post-IPO, and sustainable energy use. |
Our future plans Investing IPO proceeds into marketing, manufacturing upgrades, civil construction and working capital to boost growth. |
Our green promise Installed 489.77 kWp solar plant to power operations, reducing environmental footprint. |
Our people and values Strong leadership with stable Board, emphasis on governance, employee well-being, and ethical compliance. |
Key challenges ahead Rising input costs, competition, and managing regulatory compliance post-IPO. |
Interesting facts Transitioned from private to public company in 2024; first IPO on NSE Emerge platform; uses solar energy extensively. |
Risks and strategy Mitigates steel price volatility, increases operational efficiency and expands dealer network to sustain growth. |
