Kasturi Metal Composite IPO

Incorporated in 2005, Kasturi Metal Composite is engaged in manufacturer and export of steel fiber products for industrial and infrastructure uses. The company has three factories in the MIDC industrial area of Amravati, Maharashtra, with a total area of around 6,875 sq. m. Its products are marketed under the brand names Duraflex and Durabond, which find applications in industries such as construction, infrastructure, engineering, warehousing, logistics, mining, and automotive.

The company's range of products comprises loose hook, end steel fiber, glued hook, end steel fiber, and flat crimped steel fiber for reinforced concrete, besides steel wool fiber for automotive brake pads and clutch friction linings. Moreover, the company deals in Macro Synthetic Polypropylene Fibers under the Durocrete brand. Kasturi further extends its business through its subsidiary, Durafloor Concrete Solution LLP (98% owned), which offers tailored concrete flooring solutions.

For H1FY26, the revenue contribution was Duraflex Steel Fiber at 37.62%, flooring work at 33.09%, and Durabond Steel Wool Fiber at 15.98%. The company's operations are mainly domestic as domestic sales make up 98.12% of revenue, while exports, which were just 1.88%, accounted for 6 countries, including Nepal, Bhutan, New Zealand, and Dubai. It currently caters to customers in 10+ states of India, among which Tamil Nadu, Maharashtra, and Madhya Pradesh are its major markets. It runs 28 machines at its plants, while capacity utilisation was 79.20% for loose & glued steel fiber and 65.87% for steel wool fiber during H1FY26. After the expansion, the company intends to incorporate additional capacities of 6,000 MT per annum of loose & glued Steel fiber and 500 MT per annum of Polypropylene fiber.