Company Overview
Anugraha Valve Castings Limited (AVCL) is a Coimbatore-based manufacturer and exporter of steel, stainless-steel and alloy-steel castings used primarily in industrial valves and pumps. The company has been operating since the early 1990s and serves customers across engineering, petroleum, oil & gas, refinery, chemical and related industries. (Anugraha Valve Castings)
Official Website – Anugraha Valve Castings
Business Model
AVCL manufactures valve and pump castings in both raw and fully machined conditions, allowing it to participate in more of the value chain.
Its product range includes:
- Gate Valves
- Globe Valves
- Ball Valves
- Butterfly Valves
- Check Valves
- Control Valves
- Knife Gate Valves
- Safety Relief Valves
- Plug Valves
- Flame Arrester Valves
- Strainer Valves
The company works with carbon steel, low/high-alloy steel, stainless steel, nickel-based alloys, duplex and super-duplex steel. Maximum single-piece casting weight is stated at 5,000 kg. (Anugraha Valve Castings)
Manufacturing Infrastructure
Anugraha operates four manufacturing units and a modern machine shop in and around Coimbatore.
The company states that its manufacturing infrastructure covers more than 26,945 sq. metres with a capacity of around 15,000 MT per year. Its facilities include induction furnaces ranging from 350 kg to 5,000 kg and advanced testing equipment. (Anugraha Valve Castings)
The company also has machining capabilities including conventional and CNC machines, enabling production of finished/machined components in addition to castings. (Anugraha Valve Castings)
Export Business
Exports are a major component of AVCL’s business.
The company states that it exports more than US$36 million of steel castings annually and over 6,000 MT of steel, stainless steel, alloy steel, nickel-based alloy, duplex and super-duplex castings. (Anugraha Valve Castings)
Industry databases currently estimate that approximately 84–90% of revenue comes from exports, with significant exposure to European markets including Germany, Italy and France. (Precize)
This gives the company access to global industrial demand, but also creates exposure to currency movements, European demand and global economic cycles.
Financial Performance
Recent reported/compiled financial data shows the following:
| Particulars | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹316 Cr | ₹375 Cr | ₹378 Cr | ₹332.7 Cr |
| EBITDA | ₹9 Cr | ₹36 Cr | ₹33 Cr | ₹25.5 Cr |
| PBT | ₹3 Cr | ₹28 Cr | ₹27 Cr | ₹33.5 Cr |
| PAT | ₹2 Cr | ₹20 Cr | ₹19 Cr | ₹26 Cr |
| EPS | ₹5.68 | ₹56.82 | ₹53.98 | ₹73.86 |
FY26 revenue and EBITDA were lower, while reported PBT and PAT improved. The FY26 figures shown by unlisted-market databases should be cross-checked against the company’s latest audited annual report when relying on them for investment decisions.
Investor Relations & Annual Reports
Shareholding Pattern
The company has approximately 35.27 lakh equity shares outstanding.
The latest reported ownership split is approximately:
| Category | Holding |
|---|---|
| Promoters | 86.19% |
| Others/Public | 13.81% |
The FY24 annual report also showed five major shareholders collectively holding 86.16%, including R. Baskaran, B. Grahalakshmi, B. Anandkumar, A. Kavitha and A. Nikita.
This indicates a relatively concentrated ownership structure.
Management
Key management includes:
- R. Baskaran – Chairman & Managing Director
- B. Anandkumar – Joint Managing Director / Whole-time Director
The company’s official board information also lists A. Kavitha, R. Vidhya Shankar and L. Kamesh among the directors. (Anugraha Valve Castings)
Board & Committee – Official Website
Unlisted Share Information
ISIN: INE629Z01015
Face Value: ₹10
Total Shares: 35,26,504
Status: Unlisted
CIN: U27109TZ1992PLC003873
As of September 2026, indicative private-market prices reported by different platforms are around ₹555–₹577 per share, with significant variation between dealers/platforms. Moneycontrol currently shows ₹576.83, while UnlistedZone reported ₹555 as of 10 September 2026. These are indicative unlisted-market levels, not exchange-traded prices. (Moneycontrol)
At approximately ₹555–₹577, the implied market capitalisation is roughly ₹196–₹203 crore.
Moneycontrol – Anugraha Valve Castings Unlisted Share Data
Valuation Snapshot
At around ₹577 per share, available market data indicates:
- P/E: ~10.5x
- P/B: ~0.81x
- P/S: ~0.53x
- EPS: ~₹73.87
- Book Value: ~₹708.92
- Market Cap: ~₹203 Cr
The relatively low price-to-book multiple should be interpreted alongside the company’s profitability, asset utilisation, working-capital requirements and the inherently limited liquidity of unlisted shares.
Key Growth Drivers
1. Global industrial demand
Valve castings are critical components for oil & gas, chemicals, refineries, power and industrial infrastructure.
2. Export-oriented business
The company’s established presence in international markets provides access to a larger customer base than a purely domestic business. (Anugraha Valve Castings)
3. High-value alloy castings
Production of duplex, super-duplex, nickel-based and high-alloy steel can support participation in more demanding applications. (Anugraha Valve Castings)
4. Integrated manufacturing
Foundry operations combined with machining capabilities allow AVCL to supply both raw castings and finished/machined components.
5. Infrastructure and capacity
The company has multiple manufacturing facilities around Coimbatore and a stated production capacity of approximately 15,000 MT annually. (Anugraha Valve Castings)
Key Risks
Export concentration: A large portion of revenue comes from overseas customers, creating exposure to international economic cycles.
Forex risk: Export-heavy operations create sensitivity to currency movements.
Raw-material costs: Steel, alloy and energy prices can affect margins.
Working-capital intensity: Foundry and export businesses can require substantial inventory and receivables funding.
Customer/geographic concentration: Dependence on particular international markets can increase vulnerability to regional slowdowns.
Unlisted-share liquidity: Unlike listed shares, there is no continuous exchange-based market. Finding a buyer at the desired price may take time.
No guaranteed IPO: The company’s unlisted status should not automatically be interpreted as an indication that an IPO is imminent. Current market information shows no DRHP filed. (Moneycontrol)
Investment Takeaway
Anugraha Valve Castings is an export-focused industrial manufacturing company with a specialised position in valve and pump castings.
The key points to track are:
Strong export orientation + specialised alloy products + integrated manufacturing + established industrial customers
versus
Export/forex exposure + cyclical industrial demand + working-capital requirements + limited liquidity of unlisted shares.
For an unlisted investor, the entry valuation, liquidity, holding period and potential exit route are particularly important alongside the company’s operating performance.
Official Investor Relations Page
Disclaimer: This report is for information and educational purposes only and should not be considered investment advice or an offer to buy/sell securities. Unlisted shares involve liquidity, valuation and business risks, and indicative private-market prices can vary between transactions. Investors should conduct independent due diligence and consult a SEBI-registered investment professional where appropriate.
For more such unlisted stocks visit https://unlistedcart.com/unlisted-shares/
