Sintercom India Soars 2% After Licensing Deal With US-Based Horizon Technology
By Shishta Dutta | Published at: Jul 9, 2025 12:40 PM IST
Pune, July 9, 2025 – Sintercom India Ltd (NSE: SINTERCOM) gained 2.11% in early trade to touch ₹127.95 after the company signed a contract manufacturing licensing agreement with Horizon Technology Inc., a U.S.-based firm specializing in powder metallurgy solutions.
The announcement, made via an exchange filing under Regulation 30 of the SEBI Listing Regulations, detailed the signing of a Memorandum of Understanding (MoU) on July 8, 2025. Under the five-year agreement, Sintercom will have exclusive rights to manufacture and supply Soft Magnetic Composite (SMC) stators and components for electric motors designed by Horizon for automotive and industrial applications.
Key Stock Snapshot
| Metric | Value |
|---|---|
| Last Traded Price | ₹127.00 (As of 11:55 a.m. IST, July 9, 2025) |
| Previous Close | ₹125.31 |
| Day’s High | ₹132.86 |
| Day’s Low | ₹127.94 |
| 52-Week High (Dec 12, 2024) | ₹186.00 |
| 52-Week Low (Mar 3, 2025) | ₹109.99 |
| Market Cap | ₹352.22 Cr |
| P/E Ratio (Adjusted) | 516.65 |
| Free Float Market Cap | ₹105.66 Cr |
MoU Terms & Strategic Relevance
According to the annexure provided in the filing, the purpose of the agreement is to formalize cooperation between Sintercom and Horizon in the marketing and manufacturing of powder metal products. Importantly, Sintercom secures exclusive rights to manufacture SMC stators for EVR-designed motors during the term of the agreement.
- Duration: 5 years from execution
- Related Party: No
- Shareholding Impact: Nil
- Agreement Size: Not applicable
This deal is expected to enhance Sintercom’s product portfolio in the electric mobility segment, aligning with rising demand for EV components.
Sintercom India Stock Performance
Sintercom India shares are trading at ₹127, which is a 1.35% gain as of 12:01 PM IST on July 9, 2025. Sintercom India shares have declined 6.62% over the last year, down 23% year-to-date, and experienced a 3.52% dip in the previous month.
Sintercom India – Company Overview
Sintercom India Ltd, listed on the NSE since October 2020, operates in the Auto Components & Equipment sector. It manufactures sintered components primarily for the automotive industry. The company’s products include transmission systems, engines, and body chassis parts for leading OEMs.
REF: https://nsearchives.nseindia.com/corporate/SINTERCOM_08072025165543_NSEUPLOAD.pdf
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