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MAHARASHTRA SEAMLESS

MAHARASHTRA SEAMLESS Latest Share Price (MAHSEAMLES)

TechnicalsTV Chart
706.95
10.60−1.48%
Overall Score54/100
Day range698
₹706.95
735
52-week501
₹706.95
739
Above low+41.2%
Below high4.3%
Range position87%
Open723.95
Prev Close717.55
Bid706.91105
Ask706.99100

TODAY IN ONE LINE

MAHSEAMLES fell 1.5% on above-average volume (2.9x avg), lagging Nifty's 0.3% move.

With a market cap of ₹9,465.04 Cr., it trades at a P/E of 12.84. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume261.8K44%vs 20D avg
Price Band20
Lower Band576.2
Upper Band864.2
Tick Size0.05
Daily Volatility1.91%
Annualised Vol36.49%
Market Cap₹9,465.04 Cr.
PromoterNot applicable
Face Value₹5
Fwd P/E
PEG
EV/EBITDA5.56
P/S1.69
ROA4.83%
Beta1.14
Div Payout19.1%
THE STOCK SCORE
Overall Score54/100
Updated 07 Sept

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

MAHARASHTRA SEAMLESS flags & news 

Key strengths, potential risks, and recent updates.

6 green flags🚩 2 red flags

Green Flags

  • Healthy Operating MarginsOPM is structurally strong at 20.4%
  • Reasonable ValuationTrading at a moderate P/E of 11.4x
  • Steady Dividend YieldReliable 1.40% dividend yield
  • Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
  • Positive Free Cash FlowFCF has been positive for 3 consecutive years
  • Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • Earnings DeclineEPS (TTM) has contracted by 50.2% YoY
  • Promoter SellingPromoter holding decreased by 70.28% QoQ

Latest MAHARASHTRA SEAMLESS News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

15 SEPT 2026
corporate
Shareholders meeting - Maharashtra Seamless Limited has submitted the Exchange a copy Srutinizers report of Annual General...
View PDF
15 SEPT 2026
corporate
Shareholders meeting - Maharashtra Seamless Limited has informed the Exchange regarding Proceedings of Annual General Meeti...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

MAHARASHTRA SEAMLESS valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for MAHARASHTRA SEAMLESS, framed against the sector median so the premium or discount is obvious at a glance.

MAHARASHTRA SEAMLESS trades at a P/E of 12.84× and P/B of 1.38×.

Key MetricsMarket + reported · 21 Sept 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹9,465.04 Cr.
P/E Ratio
12.84
P/B Ratio
1.38
EPS
₹20.21
Profitability

Profitability

ROE
10.19%
ROCE
10.52%
Net Margin
16.58%
Op Margin
20.44%
Growth

Growth

EPS YoY
-50.2%
Revenue YoY
-12.8%
Qtr Sales
Qtr Profit
1.64%
Financial Health

Financial Health

Debt / Equity
Book Value
₹513.17
Div Yield
1.4%
Promoter Holding
Not applicable
Technicals

MAHARASHTRA SEAMLESS technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for MAHARASHTRA SEAMLESS — derived from the latest tape, not yesterday's close.

MAHARASHTRA SEAMLESS last traded at ₹706.95 with an intraday range of ₹698–₹734.7 — latest indicator, pivot and CPR signals below.

Last updated: 21 September 2026, 4:08 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹706.95
LevelPrice (₹)Distance% Δ
R4801.83+94.88+13.42%
R3765.13+58.18+8.23%
R2749.92+42.97+6.08%
R1728.43+21.48+3.04%
PIVOT713.226.270.89%
CURRENT706.95
S1691.73-15.22-2.15%
S2676.52-30.43-4.30%
S3655.03-51.92-7.34%
S4618.33-88.62-12.54%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 710.08P: 713.22TC: 716.35
R1
R2
R3
R4
indicator
LTP: 706.95
PDH: 725.90
PDL: 712.15
● Market Sentiment

MAHSEAMLES is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Wider, suggesting unlikely for trending moves

● Opening Range

Day's range: 720.95734.7

● Price Position

Trading Below opening range, showing Bearishness

Financials

MAHARASHTRA SEAMLESS financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for MAHARASHTRA SEAMLESS — consolidated or standalone — with margins, YoY growth and key ratios inline.

MAHARASHTRA SEAMLESS reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹9,465.04 Cr. and reported EPS of ₹20.21.

iTap any row for a plain-English meaningChange vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2025Mar 2026
Revenue from Operations5,269
4,674
11.3%
Sales Growth YoY %Derived-2.51%
-11.28%
Other Income197
388
96.5%
Total Income5,466
5,062
7.4%
3,317
2,975
10.3%
Gross ProfitDerived1,951
1,699
12.9%
Gross Margin %Derived37.04%
36.35%
1,031
1,018
1.3%
EBITDA (Operating Profit)Derived920
681
26.0%
OPM %Derived17.47%
14.57%
104
110
5.8%
Profit Before Tax (PBT)1,014
953
6.0%
223
238
7.0%
Effective Tax %Derived21.98%
25.02%
Total Profit for Period777
701
9.8%
Less: Non-controlling Interests0
-0
278.6%
Net Profit (Owner's PAT)Derived777
701
9.8%
Net Profit Margin %Derived14.75%
15.00%
PAT Growth YoY %Derived-18.34%
-9.77%
Earnings Per Share (EPS ₹)58.02
52.33
9.8%
Diluted Shares Outstanding (Cr)13
13
0.0%
Share of Profit from Associates/JVs-14
-14
0.1%
Other Comprehensive Income (Net of Tax)-34
-23
34.4%
Total Expenses (incl. D&A & Interest)4,452
4,109
7.7%
Material Cost % of RevenueDerived62.39%
63.05%
Employee Cost % of RevenueDerived2.33%
2.87%
Other Cost % of RevenueDerived17.24%
18.91%
Interest Coverage (x)Derived296.86x
221.35x
Sales CAGR · 3Y
-6.5%
Sales CAGR · 5Y
+15.2%
PAT CAGR · 3Y
-2.8%
PAT CAGR · 5Y
+48.2%
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

MAHARASHTRA SEAMLESS segment analysis : revenue and profit mix.

Disclosed business segments at MAHARASHTRA SEAMLESS with their share of revenue and profit, switchable between consolidated and standalone reporting.

MAHARASHTRA SEAMLESS discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for MAHARASHTRA SEAMLESS.

Our AI distills the core fundamental drivers supporting MAHARASHTRA SEAMLESS, the risks that threaten it, and the quantitative conditions that could weaken the thesis.

MAHARASHTRA SEAMLESS's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

No strengths or opportunities on record.

bear case

Key Risks.

  • SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 17 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Return-quality risk. ROE below 8% would indicate weaker capital compounding.

  • Income thesis breaks if the dividend is cut or yield falls below 0.70%.

Shareholding

MAHARASHTRA SEAMLESS shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in MAHARASHTRA SEAMLESS — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

AnnualJun 2026

Public16.17%0.67%
Promoters70.28%
FII9.72%0.13%
DII3.84%0.55%

Ownership Distribution

Retail & Public
16.17%
Promoters
70.28%
Foreign Institutions
9.72%
Domestic Institutions
3.84%

Category Trends

Foreign Institutions Breakdown
Total Holding: 9.72%
Net Change: +0.13%
Category Total9.72%
Total Holding9.72%
Net Change+0.13%
Not Fully Disclosed

⚠️Partial Disclosure Notice

Individual institutions below total 0.00%, but category aggregate is 9.72%. Some institutions may not be disclosed by the company as per regulatory requirements.

Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod
FRANKLIN TEMPLETON INVESTMENT FUNDS
0.00%
0.00%
0.00%
Jun 2026
The Nomura Trust And Banking Co., Ltd As The Trustee Of Nomura India Stock Mother Fund
0.00%
0.00%
0.00%
Jun 2026
NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY- NOMURA FUNDS IRELAND - INDIA EQUITY FUND
0.00%
0.00%
0.00%
Jun 2026
Peers

MAHARASHTRA SEAMLESS peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — MAHARASHTRA SEAMLESS is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
WELSPUN CORP
₹72,939.43 Cr
Best Profit Growth
MANAKSIA
391.05 %
Highest Dividend Yield
SURYA ROSHNI
2.37 %

Peer Comparison

Company Name
09 · Chart Patterns

MAHARASHTRA SEAMLESS chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for MAHARASHTRA SEAMLESS — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

MAHARASHTRA SEAMLESS delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for MAHARASHTRA SEAMLESS over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in MAHARASHTRA SEAMLESS stood at 41.6% of traded volume, against a 20-day average of 45.0%.

Avg Delivery (20D)45%-3.4 ppt latest vs avg
Highest Delivery60.1%on 24 Aug
Avg Volume (20D)4.69 L20-day run-rate
Conviction Trend↓ Weakening-3.4 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

MAHARASHTRA SEAMLESS announcements: results, concalls, ratings, M&A.

Filings MAHARASHTRA SEAMLESS sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

MAHARASHTRA SEAMLESS files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 127 documents below.

  1. 15 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Maharashtra Seamless Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 15, 2026. Further, the…

  2. 15 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Maharashtra Seamless Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 15, 2026

  3. 25 Aug 2026UpdatesView PDF

    Updates

    Maharashtra Seamless Limited has informed the Exchange regarding Letter Sent To Shareholders For Annual Report Web-Link And Path

  4. 25 Aug 2026Copy of Newspaper PublicationView PDF

    Copy of Newspaper Publication

    Maharashtra Seamless Limited has informed the Exchange about Copy of Newspaper Publication regarding Notice of Annual General Meeting including…

  5. 24 Aug 2026Shareholders meetingView PDF

    Shareholders meeting

    Maharashtra Seamless Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 15, 2026

Corporate Actions

MAHARASHTRA SEAMLESS dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue MAHARASHTRA SEAMLESS has declared, sequenced by announce and record date.

MAHARASHTRA SEAMLESS corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

Insider Activity

MAHARASHTRA SEAMLESS insider trading: promoter and management activity.

Promoter, director and designated-employee transactions in MAHARASHTRA SEAMLESS as reported to SEBI — buying and selling signals from the people who know the business best.

MAHARASHTRA SEAMLESS insider activity below tracks 54 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).

InsiderCategoryTxn DateActionQuantityValue (₹)Price
Haryana Capfin LimitedInsider30 Mar 2026buy+3.50 L₹19.61 Cr.₹560.28
Odd & Even Trades & Finance LimitedInsider30 Mar 2026buy+57.9 K₹3.25 Cr.₹560.42
Saket JindalInsider30 Mar 2026buy+4.08 L₹22.83 Cr.₹559.74
Saket JindalInsider30 Mar 2026buy+4.08 L₹22.83 Cr.₹559.74
Odd & Even Trades & Finance LimitedInsider30 Mar 2026buy+57.9 K₹3.25 Cr.₹560.42
Haryana Capfin LimitedInsider30 Mar 2026buy+3.50 L₹19.61 Cr.₹560.28
Haryana Capfin LimitedInsider30 Mar 2026buy+3.50 L₹19.61 Cr.₹560.28
Odd & Even Trades & Finance LimitedInsider30 Mar 2026buy+57.9 K₹3.25 Cr.₹560.42
Saket JindalInsider30 Mar 2026buy+4.08 L₹22.83 Cr.₹559.74
Saket JindalInsider30 Mar 2026buy+4.08 L₹22.83 Cr.₹559.74
About the Company

About MAHARASHTRA SEAMLESS: business, sector, key facts.

What MAHARASHTRA SEAMLESS does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

MAHARASHTRA SEAMLESS operates in the Iron & Steel Products industry under the Capital Goods sector, listed as NSE: MAHSEAMLES, BSE: 500265.

MAHSEAMLES
Capital Goods

MAHARASHTRA SEAMLESS

NSE · MAHSEAMLES·BSE · 500265·www.jindal.com/msl

Maharashtra Seamless Limited (MAHSEAMLES) is a prominent Indian manufacturer and seller of seamless steel pipes and tubes. The company's core business revolves around producing a diverse range of steel products to cater to various industrial sectors. This includes mild steel and galvanized pipes for general applications, specialized API line pipes for oil and gas infrastructure, and Oil Country Tubular Goods (OCTG) pipes crucial for the energy sector. OCTG offerings encompass casing tubing, drill pipes, and coupling stocks, vital components in oil and gas well construction and operation.

MAHSEAMLES also provides a comprehensive selection of coated pipes, enhancing their durability and suitability for diverse environments. These coatings include three-layer polyethylene, fusion-bonded epoxy, and three-layer polypropylene coatings, along with internal epoxy coatings, offering protection against corrosion and extending the lifespan of the pipes. The company further complements its product portfolio with essential connections and pipe fittings, ensuring complete solutions for its customers.

Beyond its core steel pipe and tube manufacturing, MAHSEAMLES demonstrates diversification into renewable energy generation. The company operates a substantial 52.5 MW solar power plant across Rajasthan and Maharashtra, contributing to India's renewable energy capacity. Additionally, a 7 MW wind power project in Maharashtra further strengthens its commitment to sustainable energy production. This diversification strategy mitigates reliance on the fluctuating steel market and creates additional revenue streams.

The wide array of MAHSEAMLES' products finds applications across a broad spectrum of industries. Key sectors served include oil and gas, hydrocarbon processing, bearing manufacturing, automotive, boiler and heat exchanger manufacturing, plumbing and fire-fighting systems, structural applications, general engineering projects, railway infrastructure, sewage and water well construction, and hydraulic cylinder production. This diverse clientele base demonstrates the adaptability and widespread utility of the company's offerings.

In summary, MAHSEAMLES' business model integrates seamless steel pipe and tube manufacturing with a strategic foray into renewable energy generation. This dual focus provides a robust and diversified operational structure, enabling the company to navigate market fluctuations while contributing to India's energy transition. Their extensive product line and broad customer base across numerous industries solidify their position as a key player in the Indian steel and energy sectors.

company facts
Employees
SectorCapital Goods
HeadquartersNew Delhi, India
Market Cap₹9,465.04 Cr.
Listed OnNSE
leadership20 on record
Dr. Roma Kumar
Non-Executive Independent Director
Kaushal Bengani
Deputy General Manager - Investor Relations & Finance
Mr. Arup Mandal
Chief Financial Officer
Mr. Arup Mandal
Chief Financial Officer
Mr. Ashok Bhandari
Non-Executive Independent Director
Mr. Dharam Jindal
Non-Executive Chairman of the Board
Mr. J. Satyanaraya Rao
Vice President of Marketing
Mr. Kamal Bhartia
Independent Director
Mr. Mohan Gupta
Independent Director
Mr. Mukesh Dubey
President of Technical
Mr. Raghav Jindal
Joint Managing Director, Executive Director
Mr. Raghav Jindal
Joint MD & Director
§ ∞ · Plainly Answered

Questions investors ask about MAHARASHTRA SEAMLESS (MAHSEAMLES).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of MAHARASHTRA SEAMLESS (MAHSEAMLES)?

The current share price of MAHARASHTRA SEAMLESS (MAHSEAMLES) is ₹706.95. Today, the stock has declined by ₹10.60 (1.48%), trading in a range of ₹698.00 to ₹734.70. The stock opened at ₹723.95 with a trading volume of 2,61,787 shares.

02Is MAHARASHTRA SEAMLESS stock a good investment for long-term?

MAHARASHTRA SEAMLESS can be considered for long-term investment based on several factors. The company has a market capitalization of ₹9,465.04 Cr., P/E ratio of 12.84, ROE of 10.19%, and ROCE of 10.52%. The dividend yield stands at 1.4%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of MAHARASHTRA SEAMLESS stock?

The 52-week high price of MAHARASHTRA SEAMLESS (MAHSEAMLES) is ₹738.60, while the 52-week low is ₹500.70. Currently trading at ₹706.95, the stock is 41.19% above its 52-week low and 4.29% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy MAHARASHTRA SEAMLESS stock at the current price?

Whether to buy MAHARASHTRA SEAMLESS stock at ₹706.95 depends on multiple factors. The stock is currently trading with a P/E ratio of 12.84 and P/B ratio of 1.38. Today's performance shows a loss of 1.48%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of MAHARASHTRA SEAMLESS and when is the next dividend?

MAHARASHTRA SEAMLESS offers a dividend yield of 1.4%, which means for every ₹100 invested at the current price of ₹706.95, you can expect to receive approximately ₹1.40 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of MAHARASHTRA SEAMLESS?

MAHARASHTRA SEAMLESS's key financial metrics include: P/E Ratio: 12.84, P/B Ratio: 1.38, ROE: 10.19%, ROCE: 10.52%, Dividend Yield: 1.4%, EPS: ₹20.21, Book Value: ₹513.17, and Debt-to-Equity: 0. The company's market cap stands at ₹9,465.04 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is MAHARASHTRA SEAMLESS stock performing today in the market?

MAHARASHTRA SEAMLESS stock opened at ₹723.95 and is currently trading at ₹706.95, showing a decline of ₹10.60 (1.48%). The intraday high is ₹734.70 and low is ₹698.00. The trading volume stands at 2,61,787 shares, indicating moderate market participation today.

08What is the P/E ratio of MAHARASHTRA SEAMLESS and what does it indicate?

MAHARASHTRA SEAMLESS has a Price-to-Earnings (P/E) ratio of 12.84, which means investors are willing to pay 12.84 for every ₹1 of earnings. With an EPS of ₹20.21, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about MAHARASHTRA SEAMLESS (MAHSEAMLES) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.