Titanium & superalloy investment castings - new 'Mihir' foundry for LCA Tejas and civil/defence programmes
Price
₹23,945
snapshot 30 Oct 2026
Strengths
New 'Mihir' foundry gives it rare domestic titanium/superalloy investment-casting capacity tied directly to LCA Tejas and other strategic defence programmes, a capability very few Indian manufacturers possess
Risks
New foundry capacity still ramping - revenue depends on successful scale-up
Customer base concentrated in a small number of defence/civil programmes
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
The upstream materials layer - titanium, superalloy and special-alloy forgings and castings that every structural, engine and landing-gear component downstream is machined from.
Why it matters
Nothing else in the value chain can be built without certified aerospace-grade forgings and castings, so capacity and quality here gate everything downstream.
Where the value pool sits
Forging and casting specialists capture long-cycle, qualification-locked contracts with global OEMs, since re-qualifying a new supplier for flight-critical metal is slow and expensive.
Key drivers
Global OEM build-rate ramps (Airbus, Boeing, engine makers)