GMM Pfaudler is the leading producer of glass-lined equipment and engineering equipment in the country. It is a global leader for its corrosion-resistant technologies, systems and services catered to industries such as chemical, pharmaceutical, food and energy. Founded in 1962 by Jethabhai V Patel, the company is headquartered in Karamsad, Gujarat.
The beginnings of GMM Pfaudler were humble. It started in 1884 when Casper Pfaudler, a German brewmaster in New York, invented a glass-lined steel process for vacuum fermentation of beer. GMM Pfaudler, established in 1962, initially as Gujarat Machinery Manufacturers became a joint venture with Pfaudler Inc. in 1987. By 1999, Pfaudler Inc. owned a 51% stake, renaming the company to GMM Pfaudler Limited.
GMM Pfaudler acquired the majority stake in the global Pfaudler Group in 2021. It is now a leading provider of corrosion-resistant technologies for chemical, pharmaceutical, food, and energy industries.
The market capitalisation of GMM Pfaudler is over ₹7,000 crore as of January 5, 2024. GMM Pfaudler share price has gained over 25% in the last three years.
Business operations
GMM Pfaudler's product portfolio includes glass-lined equipment, wiped film evaporators, agitated nutsche filters, high-efficiency mixing systems and PTFE-lined equipment. It also manufactures and supplies various structural steel works, industrial machinery, and glass-lined chemical vessels and storage tanks.
The company's fluoro polymer division makes many PTFE products like Teflon envelope gaskets, nozzle liners, bushes and control system pipes. The company is also involved in the production of mixing systems, chemical processing equipment and filtration/separation equipment.
GMM Pfaudler’s operations are run by experts across four continents, operating within 16 manufacturing facilities worldwide. The company serves the chemical, pharmaceutical, food and beverage and oil and gas industries.
Its technologies and solutions have been installed in over 80 countries across six continents, representing a global presence reaching 100%. With a workforce of over 1,800 employees worldwide, GMM Pfaudler ensures round-the-clock service. It operates through 27 local entities and has 16 manufacturing facilities strategically positioned across the globe.
GMM Pfaudler has witnessed many milestones since its foundation. For example, the company began producing glass-lined equipment, acquiring technology from Hampart, Hungary in 1969. It added five wind turbine generators in Gujarat in 95-96, taking the total turbine count to nine. The combined power generation capacity stood at 1800 kW.
Following many achievements, National Oilwell Varco Inc. became the ultimate holding company of GMM Pfaudler in 2013. Project Shakti was launched in 2018. The year witnessed a new natural gas furnace. Two new companies, Interseal and Normag, joined the group.
A new factory in Vatva, Gujarat, began operations in 2021-22 and new furnaces in India, Brazil and the US were established.
GMM Pfaudler acquired 100% of Mixel France SAS in February 2023 and introduced a corrosion-resistant reactor sampling system and new chemical industry drying tech.
GMM Pfaudler Financial Highlights
- Revenue: GMM Pfaudler reported revenue of ₹3,569.01 crore in FY26 vs ₹3,229.10 crore in FY25. It showed an increase of 10.53% on a yearly basis.
- Operating Profit: GMM Pfaudler reported an operating profit of ₹101.96 crore in FY26 vs ₹96.27 crore in FY25. It showed an increase of 5.91% on a year-on-year basis.
- Net Profit: GMM Pfaudler reported a net profit of ₹51.81 crore in FY26 vs ₹49.17 crore in FY25. It showed an increase of 5.37% on a yearly basis.
GMM Pfaudler Quarterly Result Highlights
- GMM Pfaudler reported revenue of ₹934.57 crore in Jun 2026, compared with ₹961.86 crore in Mar 2026, representing a decrease of 2.84% on a quarter-on-quarter (QoQ) basis.
- GMM Pfaudler reported an operating profit of ₹40.20 crore in Jun 2026, compared with ₹25.84 crore in Mar 2026, representing an increase of 55.57% on a quarter-on-quarter (QoQ) basis.
- GMM Pfaudler reported a profit of ₹22.10 crore in Jun 2026, compared with ₹15.34 crore in Mar 2026, reflecting an increase of 44.07% on a QoQ basis.
- The earnings per share (EPS) of GMM Pfaudler stood at ₹12.86 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
