Maharashtra Seamless Ltd (MAHSEAMLES)
₹538.35
Mkt cap
₹7,213 Cr
P/E ratio
9.76
P/B
1.05
Div yield
1.86%
ROE
10.70%
ROCE
14.30%
EPS (TTM)
₹55.16
Book value
₹513
52W range
501–768
Sector
Industrials
Price history
Previous close
Incorporated in 1988, Maharashtra Seamless Ltd manufactures seamless pipes & tubes, ERW pipes. It is also in the business of renewable power generation and rig operations [1]
NSE MAHSEAMLESBSE 500265
Health check
Constructive
ValuationCheap
ProfitabilityAverage
GrowthModerate
TechnicalsNeutral
52-week range
−29.90% from high₹538
₹501+7.52% from low₹768
Current
₹538.35
Prev close
₹544.85
Day
−1.19%
Price performance
1D
−1.10%
1W
+1.15%
1M
−25.35%
3M
−5.89%
6M
−17.06%
1Y
−5.60%
YTD
−3.71%
Financials
Revenue, profit & margin
P/E ratio
9.8×
MAHSEAMLES is 53% below the sector median of 20.9×
MAHSEAMLES9.8×
Sector median20.9×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,223 | 1,535 | 1,431 | 1,215 | 1,151 | 1,292 | 1,408 | 1,418 | 1,145 | 1,159 | 1,090 | 1,280 | 1,091 | |
| Expenses | 988 | 1,207 | 1,065 | 945 | 1,032 | 1,065 | 1,132 | 1,133 | 980 | 1,040 | 941 | 1,046 | 912 | |
| Operating Profit | 235 | 328 | 366 | 270 | 119 | 227 | 276 | 285 | 165 | 119 | 149 | 234 | 179 | |
| OPM % | 19% | 21% | 26% | 22% | 10% | 18% | 20% | 20% | 14% | 10% | 14% | 18% | 16% | |
| Other Income | 33 | 30 | 35 | 44 | 65 | 91 | 2 | 40 | 160 | 76 | 200 | -51 | 174 | |
| Interest | 7 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Depreciation | 34 | 26 | 26 | 24 | 25 | 25 | 25 | 25 | 25 | 25 | 29 | 31 | 31 | |
| Profit before tax | 228 | 331 | 374 | 290 | 158 | 292 | 252 | 299 | 300 | 169 | 319 | 151 | 322 | |
| Tax % | 9% | 24% | 26% | 25% | 18% | 25% | 26% | 19% | 23% | 26% | 24% | 32% | 17% | |
| Net Profit | 207 | 251 | 276 | 218 | 129 | 220 | 186 | 242 | 230 | 125 | 243 | 103 | 266 | |
| EPS in Rs | 15.42 | 18.69 | 20.59 | 16.30 | 9.65 | 16.42 | 13.89 | 18.06 | 17.19 | 9.35 | 18.13 | 7.67 | 19.88 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +3.08% · closed higher next day 1 of last 1
| Q1FY27 | |
|---|---|
| Broadcast | 7 Aug '26◦ |
| Earnings day | +3.08% |
| +1 day | +0.90% |
| +5 days | +5.48% |
| +15 days | +12.46% |
| +30 days | +18.26% |
| Filing | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Results analysis
Shareholding
as of Sep 202670.30%Promoter
Promoters70.30%0.02
FIIs9.93%0.21
DIIs3.87%0.03
Public15.90%0.27
Ownership trend
Peers
8 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Welspun Corp | ₹2,341.60 | 26.08 | 61,769 | 0.21% | 495 | +13.39% | 4,644 | +6.18% | 22.89% |
| APL Apollo Tubes | ₹2,165.10 | 45.89 | 60,116 | 0.39% | 382 | +26.82% | 7,002 | +26.58% | 31.75% |
| Shyam Metalics | ₹1,162.90 | 28.90 | 32,460 | 0.39% | 351 | +18.11% | 5,455 | +23.45% | 13.01% |
| Ratnamani Metals | ₹2,319.30 | 37.05 | 16,256 | 0.43% | 107 | −37.67% | 972 | −15.63% | 17.91% |
| Jindal Saw | ₹228.05 | 26.58 | 14,584 | 0.88% | 35 | −69.03% | 4,472 | +5.63% | 10.43% |
| Usha Martin | ₹445.90 | 24.93 | 13,588 | 0.84% | 142 | +40.67% | 1,033 | +16.44% | 19.47% |
| Gallantt Ispat L | ₹558.05 | 33.05 | 13,465 | 0.36% | 61 | −31.96% | 1,146 | +13.15% | 18.16% |
| Mah. Seamless | ₹538.35 | 9.76 | 7,213 | 1.86% | 266 | +15.67% | 1,091 | −4.72% | 14.31% |
| Median: 89 Co. | ₹162.40 | 20.86 | 950 | 0.00% | 17 | +28.15% | 232 | +17.12% | 13.62% |
Filings
Annual reports15
Concall transcripts44
PPTAug 2026RECAug 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025TranscriptAug 2025PPTAug 2025TranscriptJun 2025PPTJun 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024RECNov 2024TranscriptAug 2024PPTAug 2024TranscriptMay 2024PPTMay 2024TranscriptFeb 2024PPTFeb 2024RECFeb 2024TranscriptNov 2023
Credit ratings6
Announcements5
Receipt Of Order From Hon''ble Reginal Director For Shifting Of Registered Office 19 Oct - Regional Director approved shifting registered officeMaharashtra to Haryana on 15 October 2026.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 OctAnnouncement under Regulation 30 (LODR)-Scheme of Arrangement 7 Oct - Board approved demerger of two undertakings into MSTL and USL; appointed date 1 Oct 2026.Announcement under Regulation 30 (LODR)-Resignation of Director 26 Sep - Mr. Pithelis Raj Santhanamarian resigned as director effective 25 September 2026.Closure of Trading Window 25 Sep