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Maharashtra Seamless Ltd

Maharashtra Seamless

Mid Cap1,691 EmployeesIPO 1991
Current Price
549.80
-11.7 (-2.08%)Updated
NSE :MAHSEAMLES
BSE :500265
Valuation vs Sector
P/E Ratio
8.75vs 21.02
P/B Ratio
1.12vs 5.49
Div Yield
1.88%vs 3.58%
Today's Range
544
549.80
indicator
558.65
52 Week Range
52W Low500.70
52W High773.80
549.80
indicator
Downside9.81%
Upside40.74%

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
7,126.35 Cr
Market Cap
Total market value of company
P/E Ratio
8.85
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
1.22
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
60.06
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
5.14%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
16.60%
ROCE
Return on Capital Employed. >15% is good
Net Margin
16.73%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
56.09%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
14.78%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
-0.50%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
78.20%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
-
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
473.13
Book Value
Net asset value per share
Dividend Yield
1.88%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
69.00%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

4 points
  • 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.

Weaknesses

4 points
  • 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.

Opportunities

4 points
  • 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.
  • A notable increase in FII holding from 1.28% in June 2022 to 10.42% in June 2025 signals growing institutional confidence and potential for future capital appreciation.

Threats

4 points
  • 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.
  • As part of the Capital Goods sector, the company is susceptible to economic downturns and cyclical demand fluctuations, which could impact future sales and profitability.

Segment-wise Financial Analysis

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Shareholding Pattern

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Company Insider Trading Activity

Recent Insider Transactions

Insider NameTransaction DateFiling DateTotal SharesChangePriceAction
Stable Trading Co Ltd
05 Feb 202506 Feb 20252.34 Cr
1.99 L
₹617.49BUY
Saket Jindal
04 Feb 202506 Feb 202543.44 L
4,800
₹620.72BUY
Savita Jindal
04 Feb 202506 Feb 20255.55 L
10,000
₹619.87BUY
Stable Trading Co Ltd
18 Feb 202519 Feb 20252.37 Cr
1.66 L
₹601.43BUY
Global Jindal Fin-Invest Limited
17 Feb 202519 Feb 20251.13 Cr
1.66 L
₹602.42BUY
Stable Trading Co Ltd
14 Feb 202519 Feb 20252.36 Cr
2.18 L
₹612.52BUY
Haryana Capfin Limited
17 Mar 202518 Mar 202559.65 L
1.00 L
₹663.98BUY
Brahmadev Holding and Trading Limited
17 Mar 202518 Mar 20251.16 Cr
40,000
₹662.78BUY
Haryana Capfin Limited
13 Mar 202518 Mar 202558.65 L
1.60 L
₹648.17BUY

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R4586.93+₹37.13+6.75%
R3572.28+₹22.48+4.09%
R2565.47+₹15.67+2.85%
R1557.63+₹7.83+1.42%
PIVOT550.821.020.18%
CURRENT549.80--
S1513.68-₹36.12-6.57%
S2528.33-₹21.47-3.90%
S3536.17-₹13.63-2.48%
S4542.98-₹6.82-1.24%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
1.59L
(13 Mar 2026)
-10.5% vs avg
Delivery %
63.8%
(13 Mar 2026)
+13.1% vs avg
Avg Volume (20D)
1.78L
(13 Feb - 13 Mar)
20-day average
Avg Delivery %
50.7%
(13 Feb - 13 Mar)
Trend ↓
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
JSW Steel Ltd
3.04L ₹ Cr
Best Profit Growth
JSW Steel Ltd
166.00 %
Highest Dividend Yield
Surya Roshni Ltd
1.88 %

Peer Comparison

Company Name
BANSALWIRE
Bansal Wire Industries Ltd
IMFA
Indian Metals & Ferro Alloys Ltd
JAIBALAJI
Jai Balaji Industries Ltd
JAYNECOIND
Jayaswal Neco Industries Ltd
JSWSTEEL
JSW Steel Ltd
MIDHANI
Mishra Dhatu Nigam Ltd
MOIL
MOIL Ltd
RKFORGE
Ramkrishna Forgings Ltd
SANDUMA
Sandur Manganese & Iron Ores Ltd
SUNFLAG
Sunflag Iron & Steel Company Ltd
SURYAROSNI
Surya Roshni Ltd

About

MAHSEAMLES

Maharashtra Seamless Ltd

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 - MAHSEAMLES

Registered Address

Jindal Corporate Centre, Plot No. 30, Institutional Sector 44

Gurgaon

HARYANA

IN

Company Details

Group: Materials

Sector: Materials

Industry: Metals & Mining

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 1,691

IPO Date: 27/08/1991

MANAGEMENT - MAHSEAMLES

Mr. Dharam Jindal

Non-Executive Chairman of the Board

Mr. Arup Mandal

Chief Financial Officer

Mr. Ram Nigam

Compliance Officer, Company Secretary

Mr. Raghav Jindal

Joint Managing Director, Executive Director

Mr. Saket Jindal

Managing Director, Executive Director

Shri. S. Raj

Whole-Time Director

Mr. Kamal Bhartia

Independent Director

Mr. Mohan Gupta

Independent Director

Mr. Ashok Bhandari

Non-Executive Independent Director

Dr. Roma Kumar

Non-Executive Independent Director

Investor Questions Answered

Maharashtra Seamless Ltd (MAHSEAMLES) Stock FAQs

Get answers to the most common questions about Maharashtra Seamless Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of Maharashtra Seamless Ltd (MAHSEAMLES) is ₹549.8. Today, the stock has declined by ₹11.70 (2.08%), trading in a range of ₹544 to ₹558.65. The stock opened at ₹556.9 with a trading volume of 1,59,324 shares.
Maharashtra Seamless Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹7,126.35 crores, P/E ratio of 8.85, ROE of 5.14%, and ROCE of 16.60%. The dividend yield stands at 1.88%. 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.
The 52-week high price of Maharashtra Seamless Ltd (MAHSEAMLES) is ₹773.8, while the 52-week low is ₹500.7. Currently trading at ₹549.8, the stock is 18.0% away from its 52-week low and 28.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Maharashtra Seamless Ltd stock at ₹549.8 depends on multiple factors. The stock is currently trading with a P/E ratio of 8.85 and P/B ratio of N/A. Today's performance shows a loss of 2.08%. 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.
Maharashtra Seamless Ltd offers a dividend yield of 1.88%, which means for every ₹100 invested at the current price of ₹549.8, you can expect to receive approximately ₹1.88 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.
Maharashtra Seamless Ltd's key financial metrics include: P/E Ratio: 8.85, P/B Ratio: N/A, ROE: 5.14%, ROCE: 16.60%, Dividend Yield: 1.88%, EPS: ₹60.06, Book Value: ₹473.13, Debt-to-Equity: 0.00, and Current Ratio: N/A. The company's market cap stands at ₹7,126.35 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Maharashtra Seamless Ltd stock opened at ₹556.9 and is currently trading at ₹549.8, showing a decline of ₹11.70 (2.08%). The intraday high is ₹558.65 and low is ₹544. The trading volume stands at 1,59,324 shares, indicating moderate market participation today.
Maharashtra Seamless Ltd has a Price-to-Earnings (P/E) ratio of 8.85, which means investors are willing to pay ₹8.85 for every ₹1 of earnings. With an EPS of ₹60.06, 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.
Maharashtra Seamless Ltd has a market capitalization of ₹7,126.35 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹549.8) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Maharashtra Seamless Ltd has a book value of ₹473.13 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹549.8, which is 16.2% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Maharashtra Seamless Ltd has a Return on Equity (ROE) of 5.14% and Return on Capital Employed (ROCE) of 16.60%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Maharashtra Seamless Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Maharashtra Seamless Ltd has a debt-to-equity ratio of 0.00, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Maharashtra Seamless Ltd has an Earnings Per Share (EPS) of ₹60.06, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹549.8 and P/E ratio of 8.85, investors are paying 8.85 times the annual earnings per share. This strong EPS indicates robust profitability. Track EPS growth over quarters to assess earnings momentum.
Maharashtra Seamless Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Maharashtra Seamless Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Maharashtra Seamless Ltd stock, consider: 1) Fundamental Analysis - Review P/E (8.85), ROE (5.14%), debt-to-equity (0.00), and growth rates. 2) Technical Analysis - Check 52-week range (₹500.70 - ₹773.80), moving averages, and chart patterns. 3) Valuation - Compare current price (₹549.80) with book value (₹473.13) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Maharashtra Seamless Ltd share is ₹5.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹549.8 is 10896x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Maharashtra Seamless Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹500.70 - ₹773.80). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.00 indicates leverage. 4) Liquidity Risk - Based on trading volume of 1,59,324 shares. 5) Valuation Risk - P/E of 8.85 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Maharashtra Seamless Ltd operates in the industry with key metrics: P/E ratio of 8.85, ROE of 5.14%, market cap of ₹7,126.35 crores, and dividend yield of 1.88%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.00), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Maharashtra Seamless Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹549.8, with a 52-week range of ₹500.70 to ₹773.80. Based on fundamentals like P/E (8.85), ROE (5.14%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Maharashtra Seamless Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹549.80. 2) Fundamental Deterioration - Declining ROE (currently 5.14%), increasing debt (D/E: 0.00), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Maharashtra Seamless Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 1.88%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.