Rex Sealing and Packing Indust
REXSEAL.BO
Bombay Stock Exchange145.00
INR
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Rex Sealing and Packing Indust
REXSEAL.BO
(Bombay Stock Exchange)
Recent
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145.00
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Rex Sealing and Packing Industries Limited (REXSEAL.BO) manufactures and exports a broad range of industrial sealing, packing, and insulation products, including jointing sheets (asbestos and non-asbestos varieties), fabric expansion joints and bellows, gland packing and ropes (such as PTFE, GFO fiber, PTFE graphite, pure aramid, non-asbestos, and lubricated cotton types), high-temperature fire sleeves and fire-resistant sleeves, removable and reusable insulation jackets, turbine covers, high-temperature resistant textiles, ceramic fiber products (cloths, woven tapes, and other items), silica fiber products and silica cloth, silicone coated fiberglass products and silicon tapes, fiberglass products (sleeves, sheets, and high-temperature variants), graphite sheets and rings, tadpole gaskets, welding blankets, rubber gaskets and expansion joints, pre-formed packing rings, metal shims and washers, and vermiculite coated products. These products serve critical applications in pumps, valves, vessels, and other equipment handling aggressive or abrasive fluids under severe conditions, targeting industries such as petrochemical, power, cement, steel, chemical, pharmaceutical, gas, and process sectors. The company operates primarily from its manufacturing facility in Taloja Industrial Area, Navi Mumbai, Maharashtra, India, with headquarters at A-207, 2nd Floor, Plot No. 711 A, Byculla Service Industries, D K Road, Ghodapdeo, Byculla East, Mumbai, and exports to markets including the UK, US, Europe, Australia, Africa, and the Middle East. Established in 1963 by founder Naresh Nayak and formally incorporated as a private limited company on August 10, 2005, Rex Sealing transitioned to a public limited company in 2022, with the name change to Rex Sealing and Packing Industries Limited effective August 1, 2022, and listing on the BSE in January 2023. The company holds ISO 9001 and 14001 certifications, adheres to BIS, DIN, ASME, and ASTM standards, and sources raw materials like PTFE, aramid, graphite, ceramic, fiberglass, and cotton from quality suppliers worldwide. It maintains a manufacturing presence in India with annual turnover between 25-100 crore rupees and focuses on total productivity maintenance (TPM) practices. Recent developments include a private placement of 365,000 warrants at Rs 210 each announced on August 31, 2024, to support expansion; approval of a Rs 1,600 lakh project and Rs 595 lakh land acquisition as part of FY2024-25 initiatives; and robust financial growth with revenue up 20.35% and net worth surging 53.34% for FY2023, alongside a 20th Annual General Meeting scheduled for September 30, 2025. In May 2024, the company secured an open charge of Rs 1.67 million from others, complementing existing facilities from State Bank of India. These moves reflect strategic capacity enhancements and funding efforts amid sustained profitability and operations in the commodity chemicals segment of the materials industry.