Maharashtra Seamless Ltd (MAHSEAMLES)
₹571.55
Mkt cap
₹7,889 Cr
P/E ratio
11.20
P/B
1.11
Div yield
1.70%
ROE
10.60%
ROCE
14.30%
EPS (TTM)
₹51.03
Book value
₹513
52W range
506–735
Sector
Industrials
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]
Health check
Constructive
ValuationCheap
ProfitabilityAverage
GrowthModerate
TechnicalsNeutral
52-week range
−22.23% from high₹572
₹506+12.85% from low₹735
Current
₹571.55
Prev close
₹573.40
Day
−0.32%
Price performance
1D
−0.32%
1W
−2.25%
1M
−9.05%
3M
−11.02%
6M
+11.41%
1Y
−21.02%
YTD
+2.23%
Financials
FRevenue, profit & margin
P/E ratio
11.2×
MAHSEAMLES is 52% below the sector median of 23.5×
MAHSEAMLES11.2×
Sector median23.5×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,633 | 1,223 | 1,535 | 1,431 | 1,215 | 1,151 | 1,292 | 1,408 | 1,418 | 1,145 | 1,159 | 1,090 | 1,280 | |
| Expenses | 1,319 | 988 | 1,207 | 1,065 | 945 | 1,032 | 1,065 | 1,132 | 1,133 | 980 | 1,040 | 941 | 1,046 | |
| Operating Profit | 314 | 235 | 328 | 366 | 270 | 119 | 227 | 276 | 285 | 165 | 119 | 149 | 234 | |
| OPM % | 19% | 19% | 21% | 26% | 22% | 10% | 18% | 20% | 20% | 14% | 10% | 14% | 18% | |
| Other Income | 27 | 33 | 30 | 35 | 44 | 65 | 91 | 2 | 40 | 160 | 76 | 200 | -51 | |
| Interest | 6 | 7 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | |
| Depreciation | 34 | 34 | 26 | 26 | 24 | 25 | 25 | 25 | 25 | 25 | 25 | 29 | 31 | |
| Profit before tax | 301 | 228 | 331 | 374 | 290 | 158 | 292 | 252 | 299 | 300 | 169 | 319 | 151 | |
| Tax % | -24% | 9% | 24% | 26% | 25% | 18% | 25% | 26% | 19% | 23% | 26% | 24% | 32% | |
| Net Profit | 373 | 207 | 251 | 276 | 218 | 129 | 220 | 186 | 242 | 230 | 125 | 243 | 103 | |
| EPS in Rs | 27.62 | 15.42 | 18.69 | 20.59 | 16.30 | 9.65 | 16.42 | 13.89 | 18.06 | 17.19 | 9.35 | 18.13 | 7.67 | |
| Raw PDF |
Earnings
EResults dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
No reaction history yet.
No quarterly filings ingested yet.
Corporate actions
CLast 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
Sas of Jun 202670.28%Promoter
Promoters70.28%
FIIs9.72%0.14
DIIs3.84%0.55
Public16.17%0.66
Ownership trend
Peers
P8 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 |
|---|---|---|---|---|---|---|---|---|---|
| APL Apollo Tubes | ₹1,817.20 | 41.94 | 50,456 | 0.32% | 354 | +20.89% | 6,269 | +13.81% | 31.64% |
| Welspun Corp | ₹1,680.10 | 27.50 | 44,319 | 0.30% | 371 | +19.76% | 4,313 | +9.87% | 22.89% |
| Shyam Metalics | ₹1,033.75 | 26.96 | 28,855 | 0.44% | 312 | +45.87% | 5,240 | +26.60% | 13.01% |
| Ratnamani Metals | ₹2,603.60 | 37.27 | 18,249 | 0.38% | 116 | −52.04% | 1,085 | −36.75% | 17.92% |
| Godawari Power | ₹253.50 | 20.96 | 17,063 | 0.39% | 280 | +32.53% | 1,610 | +9.69% | 20.37% |
| Gallantt Ispat L | ₹688.95 | 34.33 | 16,623 | 0.18% | 123 | +5.61% | 1,205 | +12.37% | 18.23% |
| Jindal Saw | ₹255.55 | 25.01 | 16,343 | 0.78% | 91 | −75.43% | 4,452 | +9.00% | 10.43% |
| Mah. Seamless | ₹588.75 | 11.21 | 7,889 | 1.70% | 103 | −56.91% | 1,280 | −9.71% | 14.29% |
| Median: 82 Co. | ₹174.75 | 23.48 | 1,068 | 0.00% | 15 | +24.13% | 243 | +9.69% | 13.70% |
Filings
DAnnual reports15
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2013nseFinancial Year 2012bse
Concall transcripts42
TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025TranscriptAug 2025PPTAug 2025TranscriptJun 2025PPTJun 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024RECNov 2024TranscriptAug 2024PPTAug 2024TranscriptMay 2024PPTMay 2024TranscriptFeb 2024PPTFeb 2024RECFeb 2024TranscriptNov 2023PPTNov 2023RECNov 2023
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 2dCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 JulAnnouncement under Regulation 30 (LODR)-Newspaper Publication 4 Jul - Newspaper advertisement regarding opening of special window for re-lodgment of transfer requests of physical sharesAnnouncement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 3 Jul - Arup Mandal resigned as CFO effective close of 2 July 2026.Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Jul - MSL received Regulation 29(2) disclosureOdd & Even Trades & Finance Limited.