Quest Flow Controls Rallies 9.99% as GRSE Awards ₹23.55 Crore Valves and Spares Contract

Mumbai, August 25, 2025 – Quest Flow Controls Ltd (BSE: 543982) rose 9.99% on Monday, reaching the upper circuit of ₹323.70, following the announcement by the company of a hefty order from Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Government of India enterprise. The deal, valued at ₹23.55 crore (inclusive of GST), is for the supply of spares and valves and would be completed within three months.

Quest Flow Controls Share Price Update

Quest Flow Controls stock closed at ₹323.70 on August 25, 2025, up 9.99% on the day. Although the stock has been in the dumps over the longer term, down 67% over the last year and 24% in the last six months, it has managed a paltry 5.44% rise in the previous five trading sessions.

The stock began the day’s trading at ₹288, which was also its intraday low, before increasing gradually to the day’s upper circuit level of ₹323.70. At this price, the firm’s market capitalisation is approximately ₹328.88 crore. In the last 52 weeks, Quest Flow Controls has quoted between a high of ₹415.40 and a low of ₹288, with the current price at the lower point of its range.

Order Details

The most recent GRSE order is worth ₹23.55 crore (inclusive of GST) and pertains to the supply of spares and valves. The order will be completed within three months. It is a domestic order without any international connection. The company has also clarified that it is not a related-party transaction and has been conducted on an arm ‘s-length basis, highlighting its transparency in operation.

Management’s Take

In a regulatory filing, Quest Flow Controls’ Whole-Time Director Swaroop Raghuvir Natekar spoke of the significance of the order, calling it a coveted victory that enhances the company’s positioning in India’s government and defence-related supply chain.

Quest Flow Controls Ltd, originally Meson Valves India Ltd, is a company that deals in the manufacturing and supply of industrial valves and other products. The company is listed on the BSE SME platform and is based out of its manufacturing facility in Chakan in the state of Maharashtra. Its customers range across vital industries like shipbuilding and industrial engineering, where it plays a central part in supplying mission-critical products.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f1c5bd93-9fb9-4afb-8684-9dac6ac53217.pdf

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