Novalum Materials Limited
BBSE:NOVAMAT50.20
INR
0.00
(0.00%)
Novalum Materials Limited
BSE:NOVAMAT
(Bombay Stock Exchange)
Recent
price
50.20
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Novalum Materials Limited is an India-based commercial trading, materials supply, and industrial solutions company. The company engages in the sourcing, distribution, and wholesale trading of a diverse range of commodities and industrial materials. Its core product and service offerings comprise paper and paper products, including Kraft paper, duplex board, coated paper, and newsprint; steel and structural metal products; industrial machinery and commercial equipment; fabrics and textiles; non-ferrous metals, specialty alloys, metal oxides, and industrial chemicals; raw material inputs for storage batteries, electrical bulbs, glassware, rubber, ceramics, and paints; metallic mineral exploration, mining, and beneficiation services; precious and semi-precious stones, gems, and jewellery; as well as industrial technology research, process know-how transfers, and technical consultancy services. The company caters to manufacturing, packaging, construction, and processing enterprises operating primarily across domestic markets in India. Founded in January 1976 under the name Rotographics (India) Private Limited and later converted to a public entity in 1994, the company is headquartered in New Delhi, India. In recent corporate developments, the company completed a comprehensive corporate rebranding, officially changing its name from Rotographics (India) Limited to Novalum Materials Limited in September 2026, with its BSE trading identity updated to NOVAMAT in October 2026. This identity transition accompanied a substantial expansion of its Memorandum of Association object clause to broaden operations into non-ferrous metals, advanced materials, battery chemistry inputs, and mineral beneficiation. In addition, the company approved a strategic investment to acquire up to a 51% equity interest in Teneron Limited via cash consideration and completed a 1:5 stock split in August 2026 to subdivide the face value of its equity shares from Rs 10 to Rs 2.