| 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 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
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 | 1,458 | 1,305 | 1,234 | 1,290 |
| 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 | 1,133 | 980 | 1,040 | 941 |
| 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 | 325 | 325 | 195 | 349 |
| 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 % | 20 % | 14 % | 10 % | 14 % |
| 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 | 25 | 25 | 25 | 29 |
| 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 | 1 | 1 | 0 | 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 | 299 | 300 | 169 | 320 |
| 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 | 57 | 69 | 44 | 77 |
| 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 | 242 | 230 | 125 | 243 |
| 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 | 18.06 | 17.19 | 9.35 | 18.12 |
Maharashtra Seamless
Maharashtra Seamless
567.25
+13.05
(2.35%)
Market Cap
7,601.11 Cr
PE Ratio
8.85
Volume
24,789.00
Day High - Low
568.45 - 556.15
52W High-Low
773.80 - 500.70
Key Fundamentals
Market Cap
7,601.11 Cr
EPS
58.02
PE Ratio
8.85
PB Ratio
1.13
Book Value
489.54
EBITDA
1,117.50
Dividend Yield
1.80 %
Industry
Industrial Products Sector
Iron & Steel Products Return on Equity
12.26
Debt to Equity
0.00
Actual
Company News
View All News
Maharashtra Seamless Limited shareholders approve reappointment of Mr. Pithelis Raj Santhana Marian as Whole-time Director through postal ballot with 99.81% votes in favour.
ICRA Ltd reaffirms Maharashtra Seamless Limited's long-term credit rating at [ICRA]AA+ with stable outlook and short-term rating at [ICRA]A1+, indicating high degree of safety and very low credit risk.
Maharashtra Seamless Stake Rises to 8.65%
Feb 26, 2026
Feb 26, 2026Global Jindal Fin-Invest Limited increases shareholding in Maharashtra Seamless Limited from 8.09% to 8.65% through open market acquisitions between November 2022 and February 2026.
View more
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 |
|---|---|---|---|---|---|---|---|---|
1,981.80 | #1 55,021.91 | 46.93 | 20,785.60 | 14.25 | 757 | #1 42.86 | 35.96 | |
789.00 | 22,023.50 | 22.60 | 15,368.10 | #1 15.08 | 909 | 0.10 | 41.30 | |
806.40 | 21,272.08 | 10.77 | 14,167.30 | -19.42 | #1 1,902 | -32.10 | 47.60 | |
264.15 | 17,692.65 | 22.66 | 5,471.70 | -1.47 | 813 | -1.10 | 45.61 | |
2,360.90 | 16,548.02 | 26.49 | 5,246.10 | 2.22 | 542 | 1.65 | 51.20 | |
558.05 | 13,464.68 | 27.54 | 4,308.30 | 1.75 | 401 | -11.70 | 49.00 | |
194.31 | 12,426.28 | 13.64 | #1 20,947.80 | -0.84 | 1,458 | -48.35 | 53.05 | |
404.55 | 12,328.33 | 28.83 | 3,513.50 | 7.59 | 406 | 16.68 | 42.23 | |
567.25 | #9 7,601.11 | #1 8.85 | #6 5,465.90 | #7 -1.45 | #5 777 | #2 30.36 | 53.21 | |
72.84 | 7,072.75 | 18.21 | 2,666.90 | -12.30 | -94 | -3.64 | 39.31 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
-1.45 %
Net Income Growth
-18.31 %
Cash Flow Change
-41.46 %
ROE
-26.19 %
ROCE
-25.89 %
EBITDA Margin (Avg.)
-16.88 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 4,026 | 4,000 | 3,856 | 4,040 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,583 | 7,033 |
| Fixed Assets | 1,472 | 1,407 | 1,095 | 1,235 | 1,173 | 2,364 | 2,268 | 2,135 | 2,016 | 1,950 | 1,864 |
| Current Assets | 1,409 | 1,429 | 1,437 | 1,466 | 2,388 | 1,820 | 2,148 | 2,647 | 3,208 | 3,609 | 4,435 |
| Capital Work in Progress | 38 | 31 | 119 | 17 | 23 | 29 | 9 | 13 | 14 | 3 | 14 |
| Investments | 311 | 1,412 | 1,529 | 1,461 | 1,276 | 1,007 | 1,071 | 646 | 1,177 | 2,098 | 2,892 |
| Other Assets | 2,206 | 1,150 | 1,113 | 1,326 | 2,322 | 1,840 | 2,008 | 2,593 | 2,651 | 2,533 | 2,263 |
| Total Equity & Liabilities | 4,026 | 4,000 | 3,856 | 4,040 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,583 | 7,033 |
| Current Liabilities | 541 | 575 | 668 | 361 | 602 | 964 | 1,049 | 784 | 543 | 430 | 271 |
| Non Current Liabilities | 550 | 515 | 442 | 749 | 1,123 | 1,070 | 1,007 | 619 | 542 | 422 | 422 |
| Total Equity | 2,934 | 2,910 | 2,746 | 2,930 | 3,070 | 3,205 | 3,299 | 3,984 | 4,774 | 5,731 | 6,340 |
| Reserve & Surplus | 2,763 | 2,668 | 2,650 | 2,897 | 3,037 | 3,171 | 3,265 | 3,951 | 4,707 | 5,664 | 6,273 |
| Share Capital | 171 | 243 | 96 | 34 | 34 | 34 | 34 | 34 | 67 | 67 | 67 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 2 | -6 | 2 | 10 | 44 | 25 | -21 | 8 | -17 | 0 | -13 |
| Investing Activities | -630 | 12 | -107 | 13 | -161 | -730 | -183 | 563 | -386 | -722 | -486 |
| Operating Activities | 104 | 122 | 241 | 93 | -183 | 748 | 447 | -269 | 912 | 1,041 | 610 |
| Financing Activities | 527 | -141 | -133 | -95 | 388 | 7 | -285 | -286 | -542 | -320 | -136 |
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 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
| 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 % | 68.86 % | 68.87 % | 69.05 % | 69.81 % |
| 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 % | 9.63 % | 10.42 % | 9.86 % | 9.52 % |
| 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 % | 3.96 % | 4.08 % | 3.63 % | 2.91 % |
| 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 % | 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 % | 11.95 % | 11.13 % | 12.10 % | 12.18 % |
| 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 % | 5.60 % | 5.50 % | 5.37 % | 5.59 % |
| 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 | 1,05,737 | 93,504 | 94,257 | 92,943 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 5 | 6 | 6 | 2.5 | 3.5 | 5 | 5 | 10 | 10 | 0.00 |
| Dividend Yield (%) | 2.36 | 2.5 | 6.2 | 1.82 | 1.27 | 1.41 | 0.59 | 1.46 | 1.8 | 0.00 |
Announcements
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Credit RatingMar 02, 2026
Mar 02, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Feb 26, 2026
Feb 26, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Feb 25, 2026
Feb 25, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 10, 2026
Feb 10, 2026Shareholder Meeting / Postal Ballot-Notice of Postal BallotFeb 09, 2026
Feb 09, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 05, 2026
Feb 05, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 02, 2026
Feb 02, 2026Audi0 Recording Of Conference Call Dated 29Th January 2026Jan 30, 2026
Jan 30, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 29, 2026
Jan 29, 2026Announcement under Regulation 30 (LODR)-Investor PresentationJan 28, 2026
Jan 28, 2026Announcement under Regulation 30 (LODR)-Change in ManagementJan 28, 2026
Jan 28, 2026Board Meeting Outcome for Result For The Quarter Ended On 31St December 2025Jan 28, 2026
Jan 28, 2026Result For The Quarter Ended On 31St December 2025.Jan 28, 2026
Jan 28, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 26, 2026
Jan 26, 2026Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Closure Of Subsidiaries/AssociatesJan 16, 2026
Jan 16, 2026Board Meeting Intimation for To Consider And Approve Inter Alia Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended On 31St December 2025Jan 15, 2026
Jan 15, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 08, 2026
Jan 08, 2026Closure of Trading WindowDec 23, 2025
Dec 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationDec 11, 2025
Dec 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationDec 01, 2025
Dec 01, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderNov 28, 2025
Nov 28, 2025UpdatesNov 16, 2025
Nov 16, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 05, 2025
Nov 05, 2025Audio Recording Of Conference Call Dated 5Th November 2025Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 04, 2025
Nov 04, 2025Results For The Quarter And Half Year Ended On 30Th September 2025.Nov 04, 2025
Nov 04, 2025Board Meeting Outcome for Outcome Of The Board Meeting - Results For The Quarter And Half Year Ended On 30Th September 2025.Nov 04, 2025
Nov 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 29, 2025
Oct 29, 2025Board Meeting Intimation for To Consider And Approve Inter Alia Un-Audited Financial Results Of The Company For The Quarter And Half Year Ended On 30Th September 2025Oct 22, 2025
Oct 22, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Announcement under Regulation 30 (LODR)-CessationSep 29, 2025
Sep 29, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 18, 2025
Sep 18, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 29, 2025
Aug 29, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 28, 2025
Aug 28, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 18, 2025
Aug 18, 2025Letter Sent To Shareholders For Annual Report Web-Link And PathAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Aug 07, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 06, 2025
Aug 06, 2025Reg. 34 (1) Annual Report.Aug 06, 2025
Aug 06, 2025Notice Of 37Th Annual General MeetingAug 06, 2025
Aug 06, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 53.21
ATR(14)
Volatile 17.06
STOCH(9,6)
Neutral 60.32
STOCH RSI(14)
Neutral 33.82
MACD(12,26)
Bullish 0.28
ADX(14)
Weak Trend 17.22
UO(9)
Bearish 54.66
ROC(12)
Uptrend But Slowing Down 0.19
WillR(14)
Neutral -47.02
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...more
Website
Chairperson NameD P Jindal
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