Sealmaticindia earnings calls.

Sealmatic India reported FY26 revenue of 103 CRCurrent reported value: 103 CR. No comparable prior figure is available in the source record., up modest 2% YoYCurrent reported value: 2% YoY. No comparable prior figure is available in the source record., as EBITDA margin compressed sharply to 17.36%Current reported value: 17.36%. No comparable prior figure is available in the source record. from 24% in FY25, driven by strategic below-cost API seal supply (8 CR invested) and elevated exhibition costs (5 CR). The company secured and is executing 916 critical API sealsCurrent 916 critical API seals. Reported change: +86% vs Jun 2025. for Middle East projects (UAE, Saudi, Oman, Kuwait, Iraq), with 686 supplied and 230 under execution. However, geopolitical tensions have caused 7-month project commissioning delaysCurrent 7-month project commissioning delays. Reported change: Pushed from Q4 FY26 to FY27. in the Middle East, impacting aftermarket revenue timing. Management targets 16% revenue growthCurrent reported value: 16% revenue growth. No comparable prior figure is available in the source record. in FY27 with EBITDA margin recovery to 23-24%Current reported value: 23-24%. No comparable prior figure is available in the source record. through reduced API subsidization and exhibition spend tapering from 14 to 5 events. Operating cash flow remains negative due to inventory buildup (62 CR) and delayed shipments; positive cash flow expected from FY28. Key risk: Middle East geopolitical uncertainty could further delay the high-margin aftermarket business (80%Current 80%. Reported change: Vs ~40% for subsidized API supply. gross margin) that was penciled to kick in from April 2027.