Newmalayalam Steel Ltd. Stock Analysis NMSTEEL.NS

NewMalayalam Steel Ltd. is engaged in the business of manufacturing galvanized pipes, tubes, and sheets. The company is headquartered in Thrichur, Kerala and currently employs 142 full-time employees. The company went IPO on 2024-12-27. The firm is engaged in the business of manufacturing galvanised pipes, tubes, and sheets. The company offers a range of products under its own Demac Steel brand including Square Pipes, Rectangular Pipes, and Round Pipes. Its steel tubes and pipes are available in various sizes, wall thicknesses, and specifications, ensuring compatibility with diverse projects and applications. The firm serves contractors, builders, and homeowners across Kerala and beyond, providing tailored solutions for construction, plumbing, and industrial applications. The firm sells all its products using its dealer network. Its product portfolio includes a wide variety of steel tubes and pipes, catering to different applications and requirements. The company also sells its products to its Promoter Group entity, namely Jaihind Steel Private Limited, who trades it to wholesalers, construction agencies, consumers and others.