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Valuation
Financials
Investment Thesis
Gujarat Wedge Wire Screens Limited is a near-dormant listed manufacturer. Revenue ₹0.95 Cr with net loss ₹1.54 Cr; -18.2% revenue CAGR over 5 years. BSE listed (513129); ISIN INE090J01014. Minimal commercial activity.
Pros
Cons
Business Segments
Wedge Wire Screen Manufacturing
Manufacturing of industrial wedge wire screens, baskets, filtration screens, and V-wire pipes in loop and welded technology for industrial filtration applications.
Revenue Model
Project-based and repeat-order manufacturing revenue. Customers include EPC contractors, water utilities, oil & gas companies, and food processing plants. Revenue driven by industrial capex cycles and replacement/maintenance demand.
Detailed Analysis
Growth Plans
India's Jal Jeevan Mission and Namami Gange providing sustained demand for water filtration equipment
Growing export opportunities to Middle East, Southeast Asia, and Africa
Rising demand from domestic food & beverage and pharmaceutical processing sectors
China+1 supply chain diversification benefiting Indian niche manufacturers
Industry Tailwinds
Recent Developments
India's significant public expenditure on water treatment and sewage infrastructure projects has driven demand for filtration equipment including wedge wire screens.
2023–2024Increased activity in oil & gas exploration and production in India and export markets has supported demand for downhole well screens and related products.
2023Comparable Companies
Unlisted · Small-cap
Frequently Asked Questions
About Gujarat Wedge Wire Screens Limited
Gujarat Wedge Wire Screens Limited is a Gujarat-based manufacturer of wedge wire screens and filtration equipment incorporated on 22 December 1978. With CIN U27100GJ1978PLC003252, the company has over four decades of manufacturing expertise in precision wedge wire screens used in mineral processing, water treatment, filtration, and industrial separation applications. The company manufactures a range of products including flat panels, curved screens, screen cylinders, and custom filtration components for mining, petrochemical, water treatment, food processing, and industrial clients. With revenue of approximately $3 million (Rs 25 crore), the company exports to international markets. Net profit margin of 5.01% and gross margin of 25.68% reflect healthy but declining profitability, with 5-year sales growth of -18.2%. Located in Halol's GIDC Industrial Estate in Gujarat, one of India's most industrially developed states, the company benefits from infrastructure access and proximity to port facilities for exports. Directors Hardik Vrajlal Damani and Om Prakash Karnani lead the company with long-standing industry experience.
Key Milestones
Incorporated December 22, 1978 in Halol, Gujarat (CIN: U27100GJ1978PLC003252) — 46 years old
ISIN INE090J01014; listed BSE (513129); wedge wire screens and filtration equipment manufacturer
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's Jal Jeevan Mission and Namami Gange providing sustained demand for water filtration equipment
Growing export opportunities to Middle East, Southeast Asia, and Africa
Rising demand from domestic food & beverage and pharmaceutical processing sectors
China+1 supply chain diversification benefiting Indian niche manufacturers
Industry Headwinds
Cyclical nature of end-use industries can cause revenue volatility
Low-cost imports from China pressuring pricing
Limited financial resources to scale up manufacturing capacity
Succession and management continuity risks as a family-owned enterprise
Demand is directly linked to capital expenditure cycles in water treatment, oil & gas, and industrial sectors, making revenues lumpy and cyclical.
Source: Media Reports / Public Records
Competition from larger Indian manufacturers (like Vee Industries, Triveni Engineering filtration division) and imported screens from Europe, USA, and China.
Source: Media Reports / Public Records
Dependence on stainless steel and specialty alloy wire as primary raw material — prices volatile based on global commodity markets.
Source: Media Reports / Public Records
Small-scale operations limit ability to bid for large projects, secure competitive raw material pricing, and invest in R&D.
Source: AlphaHub Research
Demand is directly linked to capital expenditure cycles in water treatment, oil & gas, and industrial sectors, making revenues lumpy and cyclical.
Competition from larger Indian manufacturers (like Vee Industries, Triveni Engineering filtration division) and imported screens from Europe, USA, and China.
Dependence on stainless steel and specialty alloy wire as primary raw material — prices volatile based on global commodity markets.
Small-scale operations limit ability to bid for large projects, secure competitive raw material pricing, and invest in R&D.
TRIVENI · ~₹5,000 Cr
IONEXCHANG · ~₹7,000 Cr
Revenue ₹0.95 Cr; loss ₹1.54 Cr; -18.2% revenue CAGR over 5 years — near-dormant
Registered at 1707, GIDC Industrial Estate, Halol, Panchmahal, Gujarat 389350
₹950
+0.00%