| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 |
Revenue  | 651 | 739 | 801 | 959 | 715 | 810 | 585 | 586 | 476 | 614 | 585 | 721 | 722 | 983 | 1,162 | 1,454 | 1,353 | 1,432 | 1,357 | 1,660 | 1,256 | 1,565 | 1,466 | 1,259 | 1,216 | 1,383 | 1,410 |
| Expenses | 462 | 570 | 625 | 942 | 552 | 633 | 460 | 738 | 365 | 459 | 480 | 743 | 570 | 816 | 979 | 1,262 | 1,115 | 1,172 | 1,100 | 1,319 | 988 | 1,208 | 1,065 | 945 | 1,032 | 1,065 | 1,132 |
| EBITDA | 189 | 169 | 176 | 17 | 162 | 177 | 125 | -152 | 111 | 156 | 105 | -22 | 152 | 167 | 183 | 192 | 238 | 261 | 257 | 341 | 269 | 358 | 401 | 314 | 184 | 318 | 278 |
| Operating Profit % | 24 % | 18 % | 20 % | 2 % | 21 % | 20 % | 19 % | -25 % | 21 % | 21 % | 15 % | -5 % | 17 % | 14 % | 14 % | 12 % | 16 % | 17 % | 18 % | 19 % | 19 % | 21 % | 26 % | 22 % | 10 % | 18 % | 20 % |
| Depreciation | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 28 | 29 | 29 | 36 | 27 | 35 | 34 | 34 | 35 | 35 | 34 | 35 | 34 | 34 | 26 | 26 | 24 | 25 | 25 | 25 |
| Interest | 2 | 12 | 5 | 20 | 18 | 16 | 16 | 14 | 16 | 15 | 13 | 12 | 11 | 11 | 12 | 12 | 11 | 13 | 9 | 6 | 7 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit Before Tax | 168 | 137 | 151 | -22 | 125 | 141 | 89 | -194 | 66 | 112 | 56 | -62 | 106 | 122 | 136 | 146 | 193 | 218 | 213 | 301 | 228 | 331 | 374 | 290 | 158 | 292 | 252 |
| Tax | 58 | 47 | 50 | 77 | 48 | -43 | 24 | 17 | 21 | 29 | 3 | -2 | 10 | 27 | 32 | -250 | 53 | 56 | 53 | -72 | 21 | 81 | 98 | 72 | 29 | 72 | 66 |
| Net Profit | 110 | 90 | 101 | -99 | 77 | 184 | 65 | -211 | 45 | 83 | 53 | -60 | 96 | 95 | 104 | 396 | 140 | 161 | 160 | 373 | 207 | 251 | 276 | 218 | 129 | 220 | 186 |
| EPS in ₹ | 16.44 | 13.75 | 15.21 | -10.44 | 11.54 | 27.62 | 9.76 | -36.40 | 2.86 | 12.47 | 7.89 | -8.59 | 14.30 | 13.57 | 14.13 | 29.31 | 22.87 | 26.36 | 11.91 | 27.61 | 15.41 | 18.69 | 20.59 | 16.30 | 9.65 | 16.42 | 13.89 |
Maharashtra Seamless
696.75
-15.80
(-2.22%)
Market Cap
9,336.40 Cr
EPS
70.99
PE Ratio
12.65
Dividend Yield
1.41 %
Industry
Industrial Products52 Week High
964.45
52 Week Low
566.50
PB Ratio
1.60
Debt to Equity
0.02
Sector
Iron & Steel Products
Live Chart 
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from1 analysts
Peer Comparison Compare Peers on Screener
| Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
| 1,509.05 | 41,879.84 | 67.19 | 18,193.70 | 12.22 | 732 | 31.12 | 57.30 | |
| 854.40 | 23,849.03 | 26.52 | 13,354.20 | 4.64 | 1,029 | 56.84 | 64.45 | |
| 829.20 | 21,754.01 | 15.32 | 17,582.10 | 74.46 | 1,136 | 128.87 | 56.31 | |
| 2,726.90 | 19,113.39 | 36.57 | 5,132.30 | 13.87 | 625 | 0.30 | 57.36 | |
| 266.79 | 17,061.44 | 9.21 | 21,125.90 | 16.97 | 1,593 | -6.44 | 53.04 | |
| 182.60 | 12,215.48 | 15.46 | 5,553.30 | -5.19 | 936 | -36.74 | 55.00 | |
| 338.05 | 10,301.80 | 25.08 | 3,265.50 | -0.92 | 424 | -14.14 | 59.96 | |
| 696.75 | 9,336.40 | 12.65 | 5,546.30 | -4.52 | 952 | -32.62 | 60.49 | |
| 365.05 | 8,807.96 | 22.50 | 4,234.00 | 4.29 | 225 | 118.65 | 67.18 | |
| 99.94 | 6,178.14 | 8.34 | 7,580.30 | 2.99 | 740 | -39.18 | 45.01 |
Growth Rate
Revenue Growth
-4.52 %
Net Income Growth
23.98 %
Cash Flow Change
14.22 %
ROE
3.30 %
ROCE
10.50 %
EBITDA Margin (Avg.)
26.49 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Total Assets | 4,026 | 4,000 | 3,856 | 4,040 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,588 |
| Fixed Assets | 1,472 | 1,407 | 1,095 | 1,235 | 1,173 | 2,364 | 2,268 | 2,135 | 2,016 | 1,950 |
| Current Assets | 1,409 | 1,429 | 1,437 | 1,466 | 2,388 | 1,820 | 2,148 | 2,647 | 3,208 | 3,614 |
| Capital Work in Progress | 38 | 31 | 119 | 17 | 23 | 29 | 9 | 13 | 14 | 3 |
| Investments | 311 | 1,412 | 1,529 | 1,461 | 1,276 | 1,007 | 1,071 | 646 | 1,177 | 2,098 |
| Other Assets | 2,206 | 1,150 | 1,113 | 1,326 | 2,322 | 1,840 | 2,008 | 2,593 | 2,651 | 2,537 |
| Total Liabilities | 4,026 | 4,000 | 3,856 | 4,040 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,588 |
| Current Liabilities | 541 | 575 | 668 | 361 | 602 | 964 | 1,049 | 784 | 543 | 430 |
| Non Current Liabilities | 550 | 515 | 442 | 749 | 1,123 | 1,070 | 1,007 | 619 | 542 | 427 |
| Total Equity | 2,934 | 2,910 | 2,746 | 2,930 | 3,070 | 3,205 | 3,299 | 3,984 | 4,774 | 5,731 |
| Reserve & Surplus | 2,763 | 2,668 | 2,650 | 2,897 | 3,037 | 3,171 | 3,265 | 3,951 | 4,707 | 5,664 |
| Share Capital | 171 | 243 | 96 | 34 | 34 | 34 | 34 | 34 | 67 | 67 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | 2 | -6 | 2 | 10 | 44 | 25 | -21 | 8 | -17 | 0 |
| Investing Activities | -630 | 12 | -107 | 13 | -161 | -730 | -183 | 563 | -386 | -722 |
| Operating Activities | 104 | 122 | 241 | 93 | -183 | 748 | 447 | -269 | 912 | 1,041 |
| Financing Activities | 527 | -141 | -133 | -95 | 388 | 7 | -285 | -286 | -542 | -320 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 |
| Promoter | 63.78 % | 63.73 % | 63.82 % | 64.90 % | 67.00 % | 67.08 % | 67.25 % | 67.63 % | 67.80 % | 67.80 % | 67.86 % | 67.86 % | 68.00 % | 68.00 % | 68.04 % | 68.07 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 7.99 % | 10.50 % | 11.97 % | 9.23 % | 7.97 % | 9.12 % |
| DIIs | 5.82 % | 4.90 % | 4.12 % | 2.82 % | 2.89 % | 2.93 % | 4.12 % | 3.89 % | 4.05 % | 2.69 % | 4.38 % | 4.31 % | 3.95 % | 5.38 % | 4.38 % | 3.86 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 13.38 % | 13.94 % | 13.92 % | 14.67 % | 14.06 % | 13.98 % | 13.62 % | 13.53 % | 14.34 % | 12.38 % | 11.36 % | 10.27 % | 9.81 % | 11.59 % | 13.23 % | 12.87 % |
| Others | 17.02 % | 17.43 % | 18.14 % | 17.61 % | 16.04 % | 16.01 % | 15.00 % | 14.95 % | 13.81 % | 17.13 % | 8.41 % | 7.06 % | 6.28 % | 5.80 % | 6.38 % | 6.09 % |
| No of Share Holders | 28,053 | 30,134 | 29,472 | 28,760 | 27,640 | 30,975 | 36,513 | 45,798 | 47,261 | 50,771 | 54,879 | 61,989 | 69,663 | 77,500 | 96,466 | 1,29,024 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 5 | 6 | 6 | 2.5 | 3.5 | 5 | 5 | 10 | 0.00 |
| Dividend Yield (%) | 0.00 | 2.36 | 2.5 | 6.2 | 1.82 | 1.27 | 1.41 | 0.59 | 1.4 | 0.00 |
Corporate Action
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Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Announcement under Regulation 30 (LODR)-Newspaper Publication
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Audio Recording Of Conference Call Dated 28Th January 2025
Announcement under Regulation 30 (LODR)-Newspaper Publication
Integrated Filing (Financial)
Appointment Of Mr. Arup Mandal As CFO With Effect From 27Th January 2025
Announcement under Regulation 30 (LODR)-Change in Management
Announcement under Regulation 30 (LODR)-Investor Presentation
Board Meeting Outcome for Outcome Of Board Meeting
Financial Results For The Quarter And Nine Months Ended On December 31 2024
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Board Meeting Intimation for Inter Alia To Consider And Approve Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended On 31ST December 2024
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Reply To The Clarification Sought By The Stock Exchange With Reference To The Significant Increase In The Volume Of The Security Of The Company Across Exchanges In The Recent Past
Clarification sought from Maharashtra Seamless Ltd
Reply To The Clarification Sought By The Stock Exchange (NSE) With Reference To The Significant Increase In The Volume Of The Security Of The Company Across Exchanges In The Recent Past
Dear Sir
T
Closure of Trading Window
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Credit Rating
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Audio Recording Of Conference Call Dated 29Th October, 2024
Announcement under Regulation 30 (LODR)-Newspaper Publication
Announcement under Regulation 30 (LODR)-Investor Presentation
Results For The Quarter And Half Year Ended September 30, 2024
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Board Meeting Intimation for Inter Alia, To Consider And Approve Un-Audited Financial Results Of The Company For The Quarter And Half Year Ended On 30Th September, 2024
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement under Regulation 30 (LODR)-Cessation
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Summary Of Proceedings Of The 36Th Annual General Meeting Held On 28Th August, 2024
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Newspaper Publication
Business Responsibility and Sustainability Reporting (BRSR)
Technical Indicators
RSI(14)
Neutral 66.73
ATR(14)
Volatile 26.29
STOCH(9,6)
Overbought 87.46
STOCH RSI(14)
Overbought 83.43
MACD(12,26)
Bullish 7.64
ADX(14)
Weak Trend 21.76
UO(9)
Bearish 63.63
ROC(12)
Uptrend But Slowing Down 10.75
WillR(14)
Overbought -16.03
About Maharashtra Seamless
Maharashtra Seamless Limited (MSL) is an India-based company founded in 1988, specializing in manufacturing steel pipes and tubes. The company operates in three segments: Steel Pipes & Tubes, Power Electricity, and RIG. MSL produces seamless pipes and tubes using CPE technology, as well as electric resistance welded (ERW) pipes. Their product range includes various types of pipes such as mild steel, galvanized, API line pipes, oil country tubular goods, boiler tubes, and coated pipes. The company has diversified into renewable power generation and rig operations. MSL's manufacturing plant is located in Raigad, Maharashtra, and the company has several subsidiaries both in India and abroad. The company has expanded its operations over the years, including entering the ERW pipe category in 2000, acquiring a seamless plant in Romania in 2008, and commissioning solar power plants in recent years.
Website
Chairperson NameD P Jindal
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