New Risk • Jun 16
New major risk - Revenue and earnings growth Earnings have declined by 0.07% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.07% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (₹2.17b market cap, or US$23.0m). Reported Earnings • May 30
Full year 2026 earnings released: ₹4.21 loss per share (vs ₹6.16 profit in FY 2025) Full year 2026 results: ₹4.21 loss per share (down from ₹6.16 profit in FY 2025). Revenue: ₹702.4m (up 4.5% from FY 2025). Net loss: ₹42.8m (down 168% from profit in FY 2025). Tillkännagivande • May 20
Quest Flow Controls Limited to Report Fiscal Year 2026 Results on May 28, 2026 Quest Flow Controls Limited announced that they will report fiscal year 2026 results at 3:30 PM, Indian Standard Time on May 28, 2026 Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹235, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 27x in the Machinery industry in India. Total loss to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹148, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 23x in the Machinery industry in India. Total loss to shareholders of 66% over the past year. Tillkännagivande • Mar 31
Stellarin Research and Development Private Limted agreed to acquire an unknown minority stake in H2o Dynamics India Limited from Quest Flow Controls Limited (BSE:543982) for INR 73.5 million. Stellarin Research and Development Private Limted agreed to acquire H2o Dynamics India Limited from Quest Flow Controls Limited (BSE:543982) for INR 73.5 million on March 30, 2026. A cash consideration of INR 73.5 million will be paid by Stellarin Research and Development Private Limted.
For the period ending March 30, 2025, H2o Dynamics India Limited reported total revenue of INR 81.13 million. As of March 30, 2025, H2o Dynamics India Limited reported total common equity of INR 13.5 million.
The expected completion of the transaction is March 30, 2026 to May 30, 2026. Tillkännagivande • Mar 05
Milind Mohan Prabhu agreed to acquire 70.33% stake in TAMR Alloys Private Limited from Quest Flow Controls Limited (BSE:543982) for INR 0.07 million. Milind Mohan Prabhu agreed to acquire 70.33% stake in TAMR Alloys Private Limited from Quest Flow Controls Limited (BSE:543982) for INR 0.07 million on March 4, 2026.
For the period ending March 31, 2025, TAMR Alloys Private Limited reported total revenue of INR 0. As of March 31, 2025, TAMR Alloys Private Limited reported total common equity of INR 0.03 million.
The transaction has been approved by the board of directors of Quest Flow Controls Limited. The expected completion of the transaction is March 6, 2026. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹153, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 25x in the Machinery industry in India. Total loss to shareholders of 54% over the past year. Tillkännagivande • Feb 10
Nibe Limited (BSE:535136) completed the acquisition of an additional 48.95% stake in Nibe Meson Naval Limited from Quest Flow Controls Limited (BSE:543982). Nibe Limited (BSE:535136) agreed to acquire an additional 48.95% stake in Nibe Meson Naval Limited from Quest Flow Controls Limited (BSE:543982) on November 12, 2025. Nibe Limited entered into an agreement to acquire an additional 48.95% stake in Nibe Meson Naval Limited from Quest Flow Controls Limited for INR 0.49 million on November 21, 2025. A cash consideration valued at INR 10 per share will be paid by Nibe Limited. Upon completion, Nibe Limited will own 99.95% stake in Nibe Meson Naval Limited.
For the period ending March 31, 2025, Nibe Meson Naval Limited reported net loss of INR 1.25 million.
The expected completion of the transaction is November 30, 2025. The transaction has been approved by the board of Nibe Limited. On November 21, 2025, the board of directors of Quest Flow Controls Limited has approved the transaction and the transaction is now expected to close on December 31, 2025.
Nibe Limited (BSE:535136) completed the acquisition of an additional 48.95% stake in Nibe Meson Naval Limited from Quest Flow Controls Limited (BSE:543982) on February 09, 2026. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹204, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 25x in the Machinery industry in India. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹159, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 27x in the Machinery industry in India. Total loss to shareholders of 70% over the past year. New Risk • Nov 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 53% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (53% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (₹2.51b market cap, or US$28.3m). Tillkännagivande • Nov 08
Quest Flow Controls Limited to Report Q2, 2026 Results on Nov 14, 2025 Quest Flow Controls Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹262, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 31x in the Machinery industry in India. Total loss to shareholders of 59% over the past year. New Risk • Oct 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (₹2.60b market cap, or US$29.6m). Board Change • Sep 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Balasubramanian Soundararajan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Sep 11
Full year 2025 earnings released: EPS: ₹6.16 (vs ₹10.38 in FY 2024) Full year 2025 results: EPS: ₹6.16 (down from ₹10.38 in FY 2024). Revenue: ₹672.1m (up 6.4% from FY 2024). Net income: ₹62.6m (down 31% from FY 2024). Profit margin: 9.3% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Tillkännagivande • Sep 08
Quest Flow Controls Limited, Annual General Meeting, Sep 27, 2025 Quest Flow Controls Limited, Annual General Meeting, Sep 27, 2025, at 11:00 Indian Standard Time. Location: plot no-45, first floor, software technology park, verna industrial estate, verna, south goa - 403722, India Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹308, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 33x in the Machinery industry in India. Total loss to shareholders of 69% over the past year. Tillkännagivande • Aug 08
Quest Flow Controls Limited announced that it has received INR 132.53496 million in funding from a group of investors On August 7, 2025, Quest Flow Controls Limited closed the transaction. The company issued 97,561 common shares at an issue price of INR 410 for gross proceeds of INR 40,000,010 and 902,780 convertible warrants at an issue price of INR 102.5 for gross proceeds of INR 92,534,950 for aggregate proceeds of INR 132,534,960. The transaction includes participation from returning investors, India Emerging Giants Fund Limited for 97,561 shares, held 6.95% stake pre-issue and now will hold 7.20% stake post issue, Ceramet Consultants Pvt. Ltd for 20,000 warrants, held 0.44% stake pre-issue and now will hold 0.58% stake post issue, Fortune Hands Growth Fund - Fortune Hands Growth Fund SCHEME I for 100,000 warrants, held 0.05% stake pre-issue and now will hold 0.94% stake post issue, from new investors, Amit Jasani Financial Services Private Limited for 12,200 warrants and now will hold 0.11% stake, Bodhivriksha Advisors LLP for 200,000 warrants and will hold 1.79% stake, Svan Investment Managers LLP for 24,400 warrants and now will hold 0.22% stake, Marigold Partners for 24,400 warrants and now will hold 0.22% stake, Haresh Madhavji Hindocha for 18,300 warrants and will hold 0.16% stake, Prafull Rai for 57,300 warrants and will hold 0.51% stake and other individual investors. The company has received approval from the board of directors. Tillkännagivande • Jul 30
Quest Flow Controls Limited (BSE:543982) signed a term sheet agreement to acquire 51% stake in QUEST Flow Controls, LLC. Quest Flow Controls Limited (BSE:543982) signed a term sheet agreement to acquire 51% stake in QUEST Flow Controls, LLC on July 29, 2025. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹11.12 (vs ₹10.38 in FY 2024) Full year 2025 results: EPS: ₹11.12 (up from ₹10.38 in FY 2024). Revenue: ₹1.53b (up 143% from FY 2024). Net income: ₹115.0m (up 27% from FY 2024). Profit margin: 7.5% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹405, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 32x in the Machinery industry in India. Total loss to shareholders of 57% over the past year. Tillkännagivande • May 16
Meson Valves India Limited to Report Fiscal Year 2025 Results on May 26, 2025 Meson Valves India Limited announced that they will report fiscal year 2025 results on May 26, 2025 New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹3.80b market cap, or US$44.1m). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹356, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 29x in the Machinery industry in India. Total loss to shareholders of 43% over the past year. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹335, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 28x in the Machinery industry in India. Total loss to shareholders of 49% over the past year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹432, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 33x in the Machinery industry in India. Total loss to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹467, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 35x in the Machinery industry in India. Total loss to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹605, the stock trades at a trailing P/E ratio of 59.1x. Average trailing P/E is 39x in the Machinery industry in India. Total returns to shareholders of 34% over the past year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹562, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 36x in the Machinery industry in India. Total returns to shareholders of 77% over the past year. Tillkännagivande • Oct 31
Meson Valves India Limited to Report First Half, 2025 Results on Nov 11, 2024 Meson Valves India Limited announced that they will report first half, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹695, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 113% over the past year. New Risk • Sep 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.16b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (86% accrual ratio). Minor Risk Market cap is less than US$100m (₹8.16b market cap, or US$97.6m). Tillkännagivande • Sep 14
Meson Valves India Limited, Annual General Meeting, Sep 30, 2024 Meson Valves India Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Location: plot no-45, first floor, software technology park, verna industrial estate, verna, south goa - 403722, India New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (86% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Tillkännagivande • May 30
Meson Valves India Limited Announces Resignation of Anand Lohia as Company Secretary and Compliance Officer Meson Valves India Limited announced Mr. Anand Lohia has resigned from the post of Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from May 28, 2024 due to personal reason. Tillkännagivande • May 08
Meson Valves India Limited to Report Fiscal Year 2024 Results on May 20, 2024 Meson Valves India Limited announced that they will report fiscal year 2024 results on May 20, 2024 New Risk • Jan 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (63% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₹367m revenue, or US$4.4m). Market cap is less than US$100m (₹6.40b market cap, or US$77.0m). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹326, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 30x in the Machinery industry in India. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹261, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 32x in the Machinery industry in India. Tillkännagivande • Sep 22
Meson Valves India Limited has completed an IPO in the amount of INR 310.896 million. Meson Valves India Limited has completed an IPO in the amount of INR 310.896 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 156,000
Price\Range: INR 102
Discount Per Security: INR 0.816
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,446,000
Price\Range: INR 102
Discount Per Security: INR 0.816
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,446,000
Price\Range: INR 102
Discount Per Security: INR 0.816
Transaction Features: Regulation S Board Change • Sep 21
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Balasubramanian Soundararajan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 