Sprayking Ltd Secures ₹52 Million Export Contract, Bolstering Global Presence

Image Source: EquityBulls

Sprayking Limited, through its subsidiary Narmadesh Brass Industries Limited, has secured a major export contract valued at approximately ₹52 million (equivalent to around USD 6.25 million), marking a significant milestone in the company’s international expansion strategy.

Key Highlights:

The contract involves the export of high-quality brass billets, engineered to meet stringent international standards, to a prominent global client via Dubai, with the final destination being China—one of the fastest-growing markets for brass components.

This deal underscores Sprayking’s growing influence in the global brass industry and demonstrates the increasing demand for Indian-manufactured brass products in international markets.

The brass billets supplied under this contract will serve diverse industries, including plumbing, electrical, and various industrial applications, further broadening the company’s global reach.

Narmadesh Brass Industries, the subsidiary executing the order, is renowned for its precision-engineered brass components and strong focus on quality assurance and innovation.

The successful acquisition of this export order aligns with Sprayking’s strategic focus on global diversification and positions the company to capitalize on emerging market opportunities.

Following the announcement, Sprayking’s share price experienced a positive uptick, reflecting investor confidence in the company’s growth trajectory and international prospects.

In recent quarters, Sprayking has demonstrated robust financial performance, with Q1 FY25 revenue rising to ₹35.81 crore and net profit increasing to ₹2.35 crore, highlighting the company’s operational strength and capacity to deliver on large-scale international contracts.

This export contract is expected to play a pivotal role in strengthening Sprayking’s competitive position in the global brass manufacturing sector and drive further growth in the coming quarters.

Source: Angel One, DSIJ, Investment Guru India