Pradeep Metals Share Price

Pradeep Metals Ltd (PML), incorporated in January, 1982 was promoted by V P Goyal to manufacture closeddie steel forgings. The Company uses stateoftheart machinery with sophisticated toolroom equipment to manufacture its forgings and machined parts. The Company has manufacturing facility in Navi Mumbai. It employs hitech design and analysis software to create dies and tooling that play a key role in production of forgings. Manufacturing plant is fully integrated with complete facilities for inspection, testing, cutting, dies and tool making, forging, heattreatment, finishing, machining, cleaning, surface treatment and assembly.The Company started commercial production in Jul.83 at Dombivli, Maharashtra. In 198990, it expanded the existing capacity to 2400 tonnes per annum (TPA) for forged components in the 500 gm to 8 kg weight range, used mainly in the automobile industry. It came out with a public issue in Jan.94 to set up a 12,000tpa unit for press forgings to produce precision parts in the 50 gm to 40 kg weight range, which find application in the defence, engineering, petrochemicals sectors.The expansion programme started in Oct.94, delayed by eight months, as the plant and machinery arrived late at the site on account of customs problems. The plant at Dombivli (cap. : 2400 tpa) which used the hammer approach in forgings have been closed in 2000 due to low production and huge losses. The Company enhanced its machining capacity and capabilities by adding CNC Turning Centers, Vertical Machining Centers (VMC), Turn Mills / Mill Turns and other equipment to address the rising demand of finished machined components and subassemblies. In addition to inhouse facilities, it made significant effort and developed dedicated vendors for machining, in order to supplement its machining capacity and capabilities. Thereafter, it expanded machine shop capacity by importing surplus machineries from its Stepdown Subsidiary namely Dimensional Machine Works, LLC, Houston (USA) and upgraded them. Recently, the Company has embarked on a journey to improve its bottom line by employing TOC techniques in the process.

As of 04 Jul, 2025, Pradeep Metals share price is ₹314.8. The stock opened at ₹295 and had closed at ₹295 the previous day. During today’s trading session, Pradeep Metals share price moved between ₹289.05 and ₹320.00, with an average price for the day of ₹304.52. Over the last 52 weeks, the stock has recorded a low of ₹206.00 and a high of ₹322.00. In terms of performance, Pradeep Metals share price has increased by 12.6% over the past six months and has increased by 20.56% over the last year.