Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹232 Cr.
Stock P/E
33.8
P/B
3.3
Current Price
₹225.8
Book Value
₹ 68.7
Face Value
10
52W High
₹288.8
52W Low
₹ 116.2
Dividend Yield
0%

Quest Flow Controls Overview

Business

Quest Flow Controls Ltd. is an Indian manufacturer specializing in industrial valves and flow control solutions. The company designs, manufactures, and supplies a comprehensive range of valves, including ball valves, gate valves, globe valves, check valves, and other specialized flow control equipment. Its core business model involves serving various process industries by providing critical components for fluid management systems. The company primarily makes money through the direct sale of its manufactured valve products and related accessories to industrial clients, project contractors, and original equipment manufacturers (OEMs).

Revenue Mix

While specific revenue breakdowns are not publicly detailed, Quest Flow Controls' primary segments are defined by the types of valves and flow control products it manufactures. These generally include:

Ball Valves: Quarter-turn valves for on/off and throttling applications.

Gate Valves: Multi-turn valves used for fully open or fully closed service.

Globe Valves: Used for throttling flow in pipelines.

Check Valves: Prevent backflow in piping systems.

Other Industrial Valves: Including specialized valves for specific applications or industries.

Its revenue mix is largely concentrated on the sale of these various valve types, catering to the specific needs of diverse industrial sectors.

Industry

The company operates within the Engineering - Industrial Equipments sector, specifically the industrial valves and flow control industry in India. This industry is characterized by a mix of large global players and numerous domestic manufacturers. It is highly dependent on capital expenditure cycles in process industries such as oil & gas, chemicals, power generation, water treatment, pharmaceuticals, and infrastructure. Quest Flow Controls Ltd. positions itself as a reliable domestic manufacturer, often competing on product quality, adherence to industry standards, customization capabilities, and competitive pricing. It likely serves a broad base of industrial customers within India, leveraging its manufacturing capabilities and understanding of local market requirements.

MOAT

Quest Flow Controls' competitive advantages primarily stem from:

Product Quality & Reliability: In critical industrial applications, consistent performance and durability of valves are paramount, fostering trust and repeat business.

Technical Expertise & Customization: The ability to design and manufacture valves according to specific customer requirements, industry standards, and challenging operational conditions.

Customer Relationships & Service: Long-standing relationships with industrial clients built on trust, timely delivery, and after-sales support can create switching costs.

Certifications & Compliance: Adherence to national and international quality and safety standards (e.g., ISO, API) is crucial for market access and credibility in the industrial sector.

Growth Drivers

Key factors that can drive Quest Flow Controls' growth over the next 3-5 years include:

Industrialization & Infrastructure Growth: Increased capital expenditure in core industries like oil & gas, petrochemicals, power, and water management in India.

"Make in India" Initiative: Government thrust on boosting domestic manufacturing, potentially increasing demand for locally sourced industrial components.

Replacement & Upgrade Demand: Aging industrial infrastructure requires replacement of old valves, and demand for more efficient, automated flow control systems.

Diversification into New End-User Industries: Expanding its client base into emerging industrial sectors or niche applications.

Technological Upgrades: Adoption of advanced manufacturing processes or materials to enhance product performance and cost-efficiency.

Risks

Cyclicality of End-User Industries: Demand for industrial valves is highly correlated with capital expenditure cycles of core industries, making revenue susceptible to economic downturns.

Raw Material Price Volatility: Fluctuations in prices of key raw materials like steel, alloys, and other metals can impact manufacturing costs and margins.

Intense Competition: The market is competitive with both domestic and international players, leading to pricing pressures.

Technological Obsolescence: While slower in basic valves, advancements in automation or new materials could necessitate continuous investment in R&D.

Project Delays & Cancellations: Dependence on large industrial projects means delays or cancellations can directly impact order books and revenue.

Quality Control & Liability: Failure of critical components like valves in industrial settings can lead to significant financial and reputational risks.

Management & Ownership

Quest Flow Controls Ltd. is typically a promoter-driven company, common in India's industrial landscape. The promoters generally hold a significant stake, guiding the company's long-term vision and strategy. The management team comprises professionals responsible for day-to-day operations, manufacturing, sales, and financial management. Ownership structure usually involves a dominant promoter group holding, institutional investors (if applicable), and public shareholders. The management quality is critical in navigating the complexities of the industrial manufacturing sector, focusing on operational efficiency, product innovation, and customer satisfaction.

Outlook

Quest Flow Controls Ltd. operates in an essential segment of the industrial economy, with a potential for steady demand driven by India's ongoing industrialization and infrastructure development. The company is well-positioned to benefit from government initiatives promoting domestic manufacturing and capital expenditure across various process industries. However, its performance will be closely tied to the cyclical nature of these end-user sectors and raw material price stability. Competition remains a constant factor, necessitating continuous focus on product quality, technical differentiation, and cost management to maintain market share and profitability. Growth is plausible through strategic expansions and leveraging its established presence, but it must prudently manage operational and market risks inherent to the industrial equipment sector.

Quest Flow Controls Share Price

Live · BSE · Inception: 2016
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Quest Flow Controls Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Quest Flow Controls Profit & Loss

#(Fig in Cr.) Mar 2025 TTM
Net Sales 67
Other Income 1
Total Income 68
Total Expenditure 55
Operating Profit 13
Interest 1
Depreciation 3
Exceptional Income / Expenses 0
Profit Before Tax 9
Provision for Tax 2
Profit After Tax 7
Adjustments -1
Profit After Adjustments 6
Adjusted Earnings Per Share 6.2

Quest Flow Controls Balance Sheet

#(Fig in Cr.) Mar 2025
Shareholder's Funds 66
Minority's Interest 1
Borrowings 19
Other Non-Current Liabilities 1
Total Current Liabilities 19
Total Liabilities 106
Fixed Assets 19
Other Non-Current Assets 12
Total Current Assets 74
Total Assets 106

Quest Flow Controls Cash Flow

#(Fig in Cr.) Mar 2025
Opening Cash & Cash Equivalents 3
Cash Flow from Operating Activities 4
Cash Flow from Investing Activities -16
Cash Flow from Financing Activities 13
Net Cash Inflow / Outflow 1
Closing Cash & Cash Equivalent 5

Quest Flow Controls Ratios

# Mar 2025
Earnings Per Share (Rs) 6.16
CEPS(Rs) 10.12
DPS(Rs) 0
Book NAV/Share(Rs) 65.37
Core EBITDA Margin(%) 18.55
EBIT Margin(%) 14.52
Pre Tax Margin(%) 13.31
PAT Margin (%) 10.18
Cash Profit Margin (%) 15.3
ROA(%) 6.46
ROE(%) 10.31
ROCE(%) 11.35
Receivable days 251.02
Inventory Days 48.69
Payable days 114.7
PER(x) 75.2
Price/Book(x) 7.09
Dividend Yield(%) 0
EV/Net Sales(x) 7.23
EV/Core EBITDA(x) 36.81
Net Sales Growth(%) 0
EBIT Growth(%) 0
PAT Growth(%) 0
EPS Growth(%) 0
Debt/Equity(x) 0.29
Current Ratio(x) 3.9
Quick Ratio(x) 3.43
Interest Cover(x) 11.99
Total Debt/Mcap(x) 0.04

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR — — — —
Operating Profit CAGR — — — —
PAT CAGR — — — —
Share Price CAGR -4% -7% — —
ROE Average +10% +10% +10% +10%
ROCE Average +11% +11% +11% +11%

Quest Flow Controls Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 32.52 %
FII 7.83 %
DII (MF + Insurance) 1.99 %
Public (retail) 57.65 %
Others 0.01 %
# Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 32.8332.8332.8332.8332.8332.5232.52
FII 1.92.152.286.516.957.837.83
DII 2.481.941.962.012.011.991.99
Public 62.7863.0862.9358.6458.257.6557.65
Others 0000000
Total 100100100100100100100

Quest Flow Controls Peer Comparison

Engineering - Industrial Equipments Edit Columns

Quest Flow Controls Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Quest Flow Controls Pros & Cons

Pros

  • Debtor days have improved from 114.7 to days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.52%.
  • Company has a low return on equity of 10% over the last 3 years.
  • Stock is trading at 3.3 times its book value.
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