- Business
- Sharp Chucks and Machines Ltd. (SCML.NS) manufactures and exports hand tools, machine tools, lathe chucks, power chucks, drill chucks, and fully finished forged and graded casting parts and assemblies supplied to original equipment manufacturers (OEMs) in the tractor and automobile industries. Its core product offerings include machine tools such as back plates, drill chucks with keys, revolving centers, sleever & arbors, and spares; lathe and power chucks encompassing self-centering lathe chucks with standard jaws and master top jaws, double jaw guides, power chucks (close and open center), four jaw independent chucks, rotary cylinders, and associated spare parts; as well as customized components tailored to specific customer requirements for applications in machine tools, automotive, material handling, and earthmoving equipment sectors. The company operates an integrated foundry and forging facility with in-house pattern-making, die-making, precision machining, value-added processes, and quality assurance, serving domestic and international markets from its base in India.
Founded in 1994 and headquartered at A-12A, Industrial Development Area, Jalandhar-144012, Punjab, India, Sharp Chucks and Machines Ltd. employs approximately 548 people and focuses on industries including automotive, agriculture, and material handling, with products targeted at OEMs such as Mahindra & Mahindra. The company listed on the NSE SME Emerge platform via an initial public offering (IPO) in October 2023, raising approximately INR 16.84 crore through a fresh issue of 975,484 shares and an offer-for-sale of 1,928,516 shares to fund working capital requirements and general corporate purposes, including IT advancements and business expansion. In fiscal year 2024, it reported total operating income of INR 201.82 crore, up from INR 176.82 crore in FY23, with PBILDT of INR 24.39 crore, reflecting a compound annual growth rate of approximately 16% in operations over the prior five years amid higher capacity utilization and customer receivables from key OEMs. Recent financial results for the half-year ended September 30, 2025, and ongoing allotments of shares, such as 750,000 fully paid-up shares in FY25, underscore continued capital management and operational scaling without notable acquisitions, partnerships, or major strategic shifts reported in the last 1-2 years.