Maharashtra Seamless
Maharashtra Seamless Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Maharashtra Seamless Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Maharashtra Seamless Ltd trades at a P/E of 11.81× and P/B of 1.20×.
Valuation
Profitability
Growth
Financial Health
Maharashtra Seamless Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Maharashtra Seamless Ltd, switchable between annual and quarterly views, consolidated or standalone.
Maharashtra Seamless Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹8,207.45 Cr and reported EPS of ₹52.33.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,181 | 3,073 | 2,645 | 2,308 | 4,200 | 5,716 | 5,404 | 5,269 | 4,674 |
| Other Income | 65 | 69 | 50 | 87 | 111 | 89 | 142 | 197 | 388 |
| Total Income | 2,246 | 3,142 | 2,695 | 2,396 | 4,311 | 5,805 | 5,546 | 5,466 | 5,062 |
| Cost of Goods Sold (COGS) | 1,411 | 1,882 | 1,620 | 1,393 | 2,866 | 3,726 | 3,286 | 3,317 | 2,975 |
| Gross Profit | 769 | 1,191 | 1,025 | 915 | 1,334 | 1,991 | 2,118 | 1,951 | 1,699 |
| +Operating Expenses | 458 | 522 | 484 | 449 | 722 | 950 | 919 | 1,031 | 1,018 |
| EBITDA | 311 | 669 | 541 | 465 | 612 | 1,040 | 1,199 | 920 | 681 |
| +Non-Operating Expenses | 118 | -92 | -95 | 0 | 189 | 176 | 118 | 104 | 110 |
| Profit Before Tax (PBT) | 258 | 409 | 192 | 199 | 535 | 953 | 1,223 | 1,014 | 953 |
| +Tax Expense | 92 | 231 | 46 | 51 | 101 | 156 | 271 | 223 | 238 |
| Profit After Tax (PAT) | 200 | 202 | 115 | 121 | 404 | 768 | 952 | 777 | 701 |
| Earnings Per Share (EPS) | 15.73 | 15.07 | 6.26 | 7.32 | 28.37 | 57.07 | 71.02 | 58.02 | 52.33 |
| Diluted Shares Outstanding (Nos.) | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| +Additional Disclosures | 3,421 | 4,416 | 3,917 | 3,413 | 6,657 | 8,621 | 7,681 | 7,722 | 7,045 |
| Sales Growth % | — | 40.89 | -13.93 | -12.72 | 81.96 | 36.09 | -5.46 | -2.51 | -11.28 |
| YoY Sales Growth % | — | 40.89 | -13.93 | -12.72 | 81.96 | 36.09 | -5.46 | -2.51 | -11.28 |
| Material Cost % | 66 | 66 | 61 | 63 | 72 | 65 | 60 | 62 | 63 |
| Employee Cost % | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 3 |
| Other Cost % | 18 | 15 | 15 | 16 | 15 | 15 | 15 | 17 | 19 |
| OPM % | 14 | 22 | 20 | 20 | 15 | 18 | 22 | 17 | 15 |
| Tax % | 36 | 57 | 24 | 26 | 19 | 16 | 22 | 22 | 25 |
| Profit Growth % | — | 0.91 | -43.20 | 5.88 | 232.71 | 89.98 | 23.98 | -18.32 | -9.82 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 235 | 589 | 453 | 344 | 474 | 903 | 1,089 | 819 | 571 |
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
Maharashtra Seamless Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Maharashtra Seamless Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Maharashtra Seamless Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Maharashtra Seamless boasts a robust ROE of 12.90%, indicating strong profitability and efficient use of shareholder equity. Its attractive P/E ratio of 8.77 suggests potential undervaluation compared to its earnings and industry peers.
The company demonstrates significant growth in quarterly profits, with a remarkable 78.20% increase. This positive trend signals strong operational efficiency and increasing market demand for its products.
With a negligible debt-to-equity ratio of 0.00, Maharashtra Seamless exhibits a strong financial position, minimizing financial risk and providing flexibility for future investments and growth opportunities.
A healthy promoter holding of 69% indicates strong management confidence and a reduced risk of hostile takeovers. This high percentage suggests a long-term commitment to the company's success.
As a player in the Iron & Steel Products and Capital Goods sectors, the company stands to benefit from increased government infrastructure spending and overall economic expansion.
What can break it.
Despite recent quarterly profit growth, the company's sales experienced a slight decline of 0.50% in the last quarter. This warrants monitoring to ensure sustained growth momentum.
While promoter holding is high, the public shareholding is substantial at 31.1%. This could lead to increased volatility in the stock price due to market sentiment.
The stock price has shown some volatility, fluctuating between a 52-week high of 814.30 and a low of 567.00. This price fluctuation presents a risk for investors seeking stability.
Although the current P/E ratio of 8.77 appears low, it's crucial to consider the industry average and future growth projections to determine if the stock is truly undervalued.
The presence of numerous strong competitors in the Iron & Steel Products sector, some with higher sales growth, poses a threat to market share and pricing power for Maharashtra Seamless.
What would change my mind.
Trim if P/E re-rates above 15. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Maharashtra Seamless Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Maharashtra Seamless Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Maharashtra Seamless Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Maharashtra Seamless Ltd — derived from the live tape, not yesterday's close.
Maharashtra Seamless Ltd last traded at ₹614.9 with an intraday range of ₹611.7–₹630.95 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹614.90| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 665.17 | +50.27 | +8.17% |
| R3 | 645.92 | +31.02 | +5.04% |
| R2 | 638.43 | +23.53 | +3.83% |
| R1 | 626.67 | +11.77 | +1.91% |
| PIVOT | 619.18 | 4.28 | 0.70% |
| CURRENT | 614.90 | — | — |
| S1 | 568.92 | -45.98 | -7.48% |
| S2 | 588.17 | -26.73 | -4.35% |
| S3 | 599.93 | -14.97 | -2.43% |
| S4 | 607.42 | -7.48 | -1.22% |
MAHSEAMLES is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 624 ~ 630.95
Trading Below opening range, showing Bearishness
Maharashtra Seamless Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Maharashtra Seamless Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Maharashtra Seamless Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Maharashtra Seamless Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Maharashtra Seamless Ltd stood at 52.4% of traded volume, against a 20-day average of 53.7%.
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 99 documents below.
Copy of Newspaper Publication
Maharashtra Seamless Limited has informed the Exchange about Copy of Newspaper Publication regarding Postal Ballot Notice
Shareholders meeting
Maharashtra Seamless Limited has informed the Exchange regarding Notice of Postal Ballot
Copy of Newspaper Publication
Maharashtra Seamless Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results for the quarter and year ended on…
Copy of Newspaper Publication
Maharashtra Seamless Limited has informed the Exchange about Copy of Newspaper Publication regarding notice shareholders for transfer of equity…
General Updates
Maharashtra Seamless Limited has informed the Exchange about Intimation regarding notice given to shareholders for transfer of equity shares IEPF
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
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 47 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Haryana Capfin Limited | Insider | 30 Mar 2026 | buy | +3.50 L | ₹19.61 Cr | ₹560.28 |
| Odd & Even Trades & Finance Limited | Insider | 30 Mar 2026 | buy | +57.9 K | ₹3.25 Cr | ₹560.42 |
| Saket Jindal | Insider | 30 Mar 2026 | buy | +4.08 L | ₹22.83 Cr | ₹559.74 |
| Saket Jindal | Insider | 30 Mar 2026 | buy | +4.08 L | ₹22.83 Cr | ₹559.74 |
| Odd & Even Trades & Finance Limited | Insider | 30 Mar 2026 | buy | +57.9 K | ₹3.25 Cr | ₹560.42 |
| Haryana Capfin Limited | Insider | 30 Mar 2026 | buy | +3.50 L | ₹19.61 Cr | ₹560.28 |
| Haryana Capfin Limited | Insider | 30 Mar 2026 | buy | +3.50 L | ₹19.61 Cr | ₹560.28 |
| Odd & Even Trades & Finance Limited | Insider | 30 Mar 2026 | buy | +57.9 K | ₹3.25 Cr | ₹560.42 |
| Saket Jindal | Insider | 30 Mar 2026 | buy | +4.08 L | ₹22.83 Cr | ₹559.74 |
| Saket Jindal | Insider | 30 Mar 2026 | buy | +4.08 L | ₹22.83 Cr | ₹559.74 |
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.
About Maharashtra Seamless Ltd: business, sector, key facts.
What Maharashtra Seamless Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Maharashtra Seamless Ltd operates in the Basic Materials, listed as NSE: MAHSEAMLES, BSE: 500265.
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.
Questions investors ask about Maharashtra Seamless Ltd (MAHSEAMLES).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Maharashtra Seamless Ltd (MAHSEAMLES)?
The current share price of Maharashtra Seamless Ltd (MAHSEAMLES) is ₹614.9. Today, the stock has declined by ₹9.10 (1.46%), trading in a range of ₹611.7 to ₹630.95. The stock opened at ₹624 with a trading volume of 55,338 shares.
02Is Maharashtra Seamless Ltd stock a good investment for long-term?
Maharashtra Seamless Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹8,207.45 crores, P/E ratio of 11.81, ROE of 10.61%, and ROCE of 16.60%. The dividend yield stands at 1.62%. 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 Ltd stock?
The 52-week high price of Maharashtra Seamless Ltd (MAHSEAMLES) is ₹773.8, while the 52-week low is ₹500.7. Currently trading at ₹614.9, the stock is 41.8% away from its 52-week low and 20.5% 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 Ltd stock at the current price?
Whether to buy Maharashtra Seamless Ltd stock at ₹614.9 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.81 and P/B ratio of 1.20. Today's performance shows a loss of 1.46%. 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 Ltd and when is the next dividend?
Maharashtra Seamless Ltd offers a dividend yield of 1.62%, which means for every ₹100 invested at the current price of ₹614.9, you can expect to receive approximately ₹1.62 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 Ltd?
Maharashtra Seamless Ltd's key financial metrics include: P/E Ratio: 11.81, P/B Ratio: 1.20, ROE: 10.61%, ROCE: 16.60%, Dividend Yield: 1.62%, EPS: ₹52.33, Book Value: ₹512.91, and Debt-to-Equity: 0.19. The company's market cap stands at ₹8,207.45 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Maharashtra Seamless Ltd stock performing today in the market?
Maharashtra Seamless Ltd stock opened at ₹624 and is currently trading at ₹614.9, showing a decline of ₹9.10 (1.46%). The intraday high is ₹630.95 and low is ₹611.7. The trading volume stands at 55,338 shares, indicating moderate market participation today.
08What is the P/E ratio of Maharashtra Seamless Ltd and what does it indicate?
Maharashtra Seamless Ltd has a Price-to-Earnings (P/E) ratio of 11.81, which means investors are willing to pay ₹11.81 for every ₹1 of earnings. With an EPS of ₹52.33, 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.
The data, ratios and commentary about Maharashtra Seamless Ltd (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.
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