1. India Stocks

  2. •

    Basic Materials

  3. •

    Steel
Mahalaxmi Seamless Limited

Mahalaxmi Seamless Limited

MAHALXSE.BO
Mahalaxmi Seamless LimitedIN flagBombay Stock Exchange
7.90
INR
-0.29
- -
41.72MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
27.45
35.27
20.91
20.29
4.15
3.51
0.05
0.16
0.4
3.46
0.08
3.51
- -
3.6
Basic EPS, GAAP
-6.46
-0.25
-2.77
-4.31
-1.89
-0.17
-0.17
0.76
1.02
0.73
-2.35
0.48
- -
-0.14
Free Cash Flow per Basic Share
2.15
3.19
-5.38
1.84
2.19
1.08
0.92
1.29
1.12
2.55
-1.18
0.32
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.04
6.74
3.97
-0.34
-2.23
-2.38
-2.59
-1.83
-0.81
-0.07
-2.43
-1.94
- -
10.08
Tangible Book Value per Share
8.09
7.78
5.01
0.7
-1.19
-1.35
-1.53
-0.77
0.25
0.98
-1.37
-0.88
- -
-1.03
Basic Weighted Avg Shares
5
5
5
5
5
5
5
5
5
5
5
5
- -
5
Sales/Revenue/Turnover
145
186
110
107
22
19
- -
1
2
18
- -
19
19
19
Operating Margin (%)
-14.93
0.57
-5.17
-20.09
-91.31
2.96
-6,922.47
-1,692.92
-622.33
19.71
-3,342.63
19.86
4.88
4.88
Depreciation Expense
7
7
6
6
6
6
6
6
5
5
4
4
2
2
Net Income, GAAP
-34
-1
-15
-23
-10
-1
-1
4
5
4
-12
3
-1
-1
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
25.05
Profit Margin (%)
-23.53
-0.71
-13.25
-21.24
-45.47
-4.85
-348.89
474.29
257.92
21.2
-2,775.89
13.68
-3.89
-3.89
Working Capital
-25
-15
-25
-35
-14
-15
-9
-8
-2
-4
-14
-15
-12
-12
LT Debt
22
21
4
4
33
53
49
43
16
13
10
5
2
2
Total Equity
43
41
26
4
-6
-7
-8
-4
1
5
-7
-5
-5
-5
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.12
Return on Common Equity (%)
-183.37
-3.63
-51.77
- -
- -
- -
- -
- -
- -
- -
- -
4.82
- -
5.81

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
9
- -
8
LT Borrowings
4
- -
2
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
- -
5
Market Capitalization
45
45
41

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
9
- -
9
Cash, Cash Equivalents & STI
7
- -
7
Accounts Receivable, Net
2
- -
2
Inventories
- -
- -
- -
Total Current Liabilities
22
- -
21
Payables & Accruals
- -
- -
- -
ST Debt
9
- -
8
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-47.87%
-19.87%
15.66%
Free Cash Flow
-24.57%
-21.04%
54.27%
Net Income, GAAP
-129.9%
-132.86%
-128.85%
Sales/Revenue/Turnover
491.2%
976.34%
1.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4
5
5
5
- -
2025
4
5
5
5
19
2026
5
5
5
5
19

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
-2.91
0.06
- -
-2.35
2025
0.15
0.12
0.08
0.13
0.48
2026
0.18
0.19
0.12
-0.63
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Madhavprasad Govindram Jalan
Full Time Employees
3
Sector
Basic Materials
Industry
Steel
Address
Pipenagar (Sukeli) Via Nagothane Mumbai India
IPO Date
Jul 25, 2002
Website
mahatubes.com
Similar Companies
Kwang Jin Ind. Co., Ltd. (026910.KQ)
Vaswani Industries Limited (VASWANI.NS)
Nippon Steel Corporation (NISTF)
Aperam S.A. (APEMY)
Tata Metaliks Limited (TATAMETALI.NS)
China Oriental Group Company Limited (0581.HK)
Business
Mahalaxmi Seamless Limited Mahalaxmi Seamless Limited manufactures and sells cold drawn carbon steel and alloy steel seamless pipes and tubes in India. The company offers hydraulic tubes, heat exchanger tubes and boiler tubes, fuel injection tubes, super heater tubes, piston tubes, mechanical tubes, precision automotive tubes, pneumatic tubes, heavy walled axle shafts tubes, pipe fittings, square and rectangular tubes, as well as welded pipes including mild steel ERW black pipes, galvanized iron pipes, and submerged arc welded pipes; sizes range from 15mm NB to 1600mm NB conforming to specifications such as ASTM 106 Gr B, API 5L Gr B, SA 335 Gr P/11/22/91, IS 1239, and IS 3589 with IBR certification. Founded in 1991 and headquartered in Pipe Nagar (Sukeli), via Nagothane, Taluka Roha, Raigad District, Maharashtra, it serves sectors including air-conditioning, boilers, breweries, chillers, construction, firefighting systems, oil and gas, pumps, and sugar equipment manufacturers, with operations centered in India and presence in Mumbai, Pune, and Nagpur. Recent board meetings in 2025, including on May 28 and November 13, addressed financial results and strategic matters, while the company maintains approvals from agencies such as TCE, DNV, and SGS, and stocks over 1000 tons of ERW and seamless pipes for efficient delivery.