Novalum Materials
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Rotographics (India) board approved the acquisition of a controlling stake of up to 51% in Teneron Limited, a non-ferrous metal recycling company that posted audited revenue of ₹7,080 crore in FY25. The cash deal, expected to close within 12 months, marks Rotographics’ aggressive entry into the aluminum industry. The board also decided to rename the company to Novalum Materials Limited to reflect the strategic pivot. Other decisions included a 1:5 stock split to enhance liquidity, increasing authorized share capital to ₹40 crore, raising borrowing limits to ₹100 crore, and approving related party transactions with Teneron of up to ₹250 crore. Shareholder approval will be sought at the AGM on August 6, 2026.
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Rotographics (India) board approved the acquisition of a controlling stake of up to 51% in Teneron Limited, a non-ferrous metal recycling company that posted audited revenue of ₹7,080 crore in FY25. The cash deal, expected to close within 12 months, marks Rotographics’ aggressive entry into the aluminum industry. The board also decided to rename the company to Novalum Materials Limited to reflect the strategic pivot. Other decisions included a 1:5 stock split to enhance liquidity, increasing authorized share capital to ₹40 crore, raising borrowing limits to ₹100 crore, and approving related party transactions with Teneron of up to ₹250 crore. Shareholder approval will be sought at the AGM on August 6, 2026.
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What does Novalum Materials do?
Novalum Materials Ltd. (formerly Rotographics India Ltd.) is engaged in trading paper, packaging materials, steel, heavy machinery and fabrics. Its portfolio includes kraft paper, duplex boards, coated paper, newsprint and waste paper, serving packaging and industrial customers.
Who are the competitors of Novalum Materials?
Novalum Materials major competitors are Aelea Commodities, Halder Venture, Astal Laboratories, Dynamic Services, Saraswati Saree Dep., Omnitex Industries, Dhariwalcorp. Market Cap of Novalum Materials is ₹293 Crs. While the median market cap of its peers are ₹298 Crs.
Is Novalum Materials financially stable compared to its competitors?
Novalum Materials seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Novalum Materials pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Novalum Materials latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Novalum Materials allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Novalum Materials balance sheet?
Balance sheet of Novalum Materials is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Novalum Materials improving?
Yes, profit is increasing. The profit of Novalum Materials is ₹1.12 Crs for TTM, ₹0.88 Crs for Mar 2026 and ₹0.11 Crs for Mar 2025.
Is the debt of Novalum Materials increasing or decreasing?
Yes, The net debt of Novalum Materials is increasing. Latest net debt of Novalum Materials is ₹0.31 Crs as of Mar-26. This is greater than Mar-25 when it was -₹2.06 Crs.
Is Novalum Materials stock expensive?
Novalum Materials is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Novalum Materials is 262, while 3 year average PE is 311. Also latest EV/EBITDA of Novalum Materials is 8153 while 3yr average is 1216.
Has the share price of Novalum Materials grown faster than its competition?
Novalum Materials has given better returns compared to its competitors. Novalum Materials has grown at ~132.19% over the last 2yrs while peers have grown at a median rate of -11.47%
Is the promoter bullish about Novalum Materials?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Novalum Materials is 54.29% and last quarter promoter holding is 54.29%.
Are mutual funds buying/selling Novalum Materials?
There is Insufficient data to gauge this.