What we do Vesuvius India Limited manufactures and trades refractory goods, providing innovative solutions and technical services for high-temperature industrial processes. |
Founded in 1,991 |
Market share A leading player in India's refractory industry with strong backing from the global Vesuvius Group, UK (55.57% stake). |
Problem solved Improves safety, efficiency, and sustainability in manufacturing processes through custom refractory solutions used in steel and other industries. |
Top clients or who we serve Serves steelmakers and industrial customers primarily in India; B2B business model. |
Key management - |
Our journey and innovations Incorporated in 1991; expanded capacity; introduced robotic tube change in 2024; launched Supergard Oxygen Barrier Lining. |
Where we operate Primarily India with exports outside India contributing minor revenue. |
Top products or what we offer Specialized refractories, monolithics, crucibles, flow control and tundish refractories. |
Top brands Supergard (oxygen barrier lining) - sector benchmark; precast shapes; tundish refractories - widely used in steel casting. |
Raw materials needed Alumina, silica, basic monolithic raw materials for refractory manufacturing. |
Raw materials supplier Initial imports from Vesuvius Group UK; backward integration with Indian mixing plants. |
Recurring vs cyclical contribution Revenue largely dependent on industrial steel sector cycles but includes recurring technical service contracts. |
Our industry position Market leader in refractories in India supported by global technology and manufacturing footprint. |
Financial highlights FY 2024 revenue: Rs. 1868.57 crores; profit after tax: Rs. 264.52 crores; ~16% revenue growth and 22% profit growth YoY. |
Geographical revenue split India contributes 97% revenue; Outside India about 3%. |
Order book - |
Whats driving growth Expansions, innovation in refractory technology, automation, strong steel industry demand. |
Our future plans Capacity expansions, green energy initiatives, broadening STEM education support, and automation projects. |
Our green promise Installed rooftop solar generating 19% of consumption; planted trees in school communities. |
Our people and values Focus on employee training, equality, safety, and women's STEM education programs. |
Key challenges ahead Steel sector cyclicality, raw material cost volatility, and sustaining technological leadership. |
Interesting facts India’s first robotic tube change system commissioned; robust CSR focused on women in STEM education. |
Risks and strategy Mitigates risks via backward integration, diversified technology, and strong global support. |
