Roop Ultrasonix Unlisted Share Price

Roop Ultrasonix Limited Unlisted Shares - Company Overview

RTUL was founded in 1982 and is the market leader in Ultrasonic instrumentation. The Company started its activities in Mumbai with the production of high-efficiency Ultrasonic Transducers for non-destructive testing. Transducers bring the vital component for ultrasonic instrumentation, giving immediate recognition to the Company in the non-destructive testing field. The Company started manufacturing ultrasonic flaw detectors and thickness gauges in the year 1985 and was the first to introduce a microprocessor-based flaw detector in the year 1986. The Company's Research and Development wing has developed a number of new instruments like the smallest flaw detector, single-element transducer thickness gauge, concrete tester, liquid level indicator, pest repeller, etc. With the increased development and increased volume of production, the Company acquired additional space in the Gandhinagar Electronic Zone. In 1992, the Company entered into collaboration with M/s Telsonic AG, Switzerland, a world leader in ultrasonic technology for the manufacture of Plastic and Metal Welding and Ultrasonic Cleaning equipment. With this manufacturing base, the Company established itself as one of the largest manufacturers of ultrasonic machines for industrial applications in the South East Asian region. The Company further expanded its manufacturing base in 1997 with a view to consolidating its position in the market. The Company is always on the lookout for delivering the latest in ultrasonic technology to the industry. The Company has also started a software division to incorporate window-based applications in its complete range of instrumentation.

Roop Ultrasonix Unlisted Share Details as of March 31, 2023

Roop Ultrasonix Limited Incorporation Details

Roop Ultrasonix Limited Board of Directors

Dr. Anant S. Trivedi, Chairman & Managing Director

Mrs. Rupa A. Trivedi, Executive Director

Mr. K.P. Rajagopalan, Director

Mr. Natwarlal Vallabhdas Trivedi, Director

Mrs. Karishma Vipul Tanna, Director

Roop Ultrasonix Limited Particulars of Holding, Subsidiary & Associate Companies

Roop Ultrasonix Limited Shareholding Pattern (As of 31-03-2023)

Industry Outlook

The global ultrasonic testing market size is estimated to grow from USD 3.0 billion in 2021 to USD 4.2 billion by 2026, at a CAGR of 7.1% from 2021 to 2026. Ultrasonic testing techniques are used primarily in engineering industries for evaluating different properties of structures, equipment, components, and materials without causing any damage.

DRIVERS: Stringent government regulations regarding public safety and product quality

The increasing complexity of machinery, growing requirements of precise product usage specifications, ongoing stringent implementation of government regulations to ensure the workforce's safety, and rising stringent quality control requirements are the key factors that augment the growth of the market for ultrasonic testing equipment and services. Prior evidence of infrastructure failures such as leakages in nuclear refineries, pipeline explosions, and refinery blasts has prompted governments worldwide to impose stringent safety regulations, which have fuelled the demand for ultrasonic testing of equipment and services.

RESTRAINTS: A dearth of skilled and qualified personnel to carry out ultrasonic testing activities

The demand for ultrasonic testing services is gaining more momentum than ultrasonic testing equipment. Additionally, it has become important for players to enhance their global presence, and at the same time, create a highly qualified workforce for providing effective ultrasonic testing and inspection services. Thus, a qualified workforce with the required ultrasonic testing and inspection skillset is a strategic concern for companies. Stringent government regulations and the high complexity of ultrasonic testing techniques lead to the increasing requirement of skilled testers and inspectors

OPPORTUNITIES: Large-scale infrastructural developments in APAC, Europe, and Latin America

Emerging economies such as India, China, Malaysia, and Brazil are experiencing rapid infrastructural developments such as constructing new bridges, dams, railways, power plants, and refineries. This drives the demand for ultrasonic testing services and equipment, which, in turn, is expected to accelerate the growth of the companies providing ultrasonic testing services and equipment.

CHALLENGES: Limited manufacturing activities and supply chain disruptions caused by COVID-19

The main issue being faced by the manufacturing industry is supply chain disruptions. Various rules and regulations imposed by governments of different countries of the world to contain the spread of COVID-19 include restrictions on the export and import of products and raw materials. This has led to significant supply chain issues throughout the world, causing a shortage of raw materials in various industries. As various industries cannot resume their operations, the demand for ultrasonic testing equipment and solutions has also reduced. Hence, the ultrasonic testing market is facing a drop in its size in the present situation.

The ultrasonic technique (UT) is likely to be the largest contributor to the NDT and inspection market during the forecast period

The market for the UT (ultrasonic testing) technique is projected to largest contributor to NDT Market. It is presently the most popular NDT technique due to its ability to identify defects and accurately determine their severity. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can be used for critical applications in the oil & gas and aerospace industries, among many others.

“Inspection services to account for the largest market size by 2021.”

Ultrasonic testing and inspection services are likely to account for the largest share of the market in 2021. Ultrasonic testing techniques' primary purpose is to inspect objects, materials, machinery, and structures for defects so that they can be rectified in a timely and cost-effective manner. After inspection services, training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of the customers' changing demands is equally essential.

“The Ultrasonic testing market in APAC to grow at the highest CAGR during the forecast period.”

The Asia Pacific is likely to be the fastest-growing region in the ultrasonic testing market due to the rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China. Countries in the Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase ultrasonic testing equipment and services in the defense & aerospace industry. Many infrastructural development projects are under construction and scheduled to be constructed in the region during the forecast period. The demand for automobiles is estimated to grow substantially by 2026.