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Maharashtra Seamless Limited

Maharashtra Seamless Limited

MAHSEAMLES.BO
Maharashtra Seamless LimitedIN flagBombay Stock Exchange
602.25
INR
+4.85
- -
80.76BMarket Cap
Maharashtra Seamless Limited
MAHSEAMLES.BO
(Bombay Stock Exchange)

Recent

price

602.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
124.85
157.28
117.96
84.68
97.61
74.12
104.25
155.42
221.34
192.53
167.49
612.02
416.05
393.41
393.19
348.81
392.76
Revenue per Share
24.3
21.86
10.81
7.3
8.78
-1.81
9.21
15.73
17.48
6.26
7.32
103.24
57.07
70.99
58.02
52.33
65.56
Basic EPS, GAAP
-10.15
-4.65
10.9
5.54
-3.59
8.1
8.08
6.92
-13.63
55.82
33.39
-40.21
68.05
77.72
45.5
69.64
- -
Free Cash Flow per Basic Share
2.99
2.98
2.98
3.01
2.98
2.5
1.25
2.5
3
3.01
1.27
3.53
2.52
5
10
10
- -
Dividend per Share
2.5
9.88
13.63
16.55
139.93
135.17
187.11
201.01
217.94
217.49
188.32
440.32
277.44
343.46
391.5
5
- -
Book Value per Share
180
195.31
199.47
201.38
200.41
192.74
200.27
218.55
229.01
239.05
246.08
594.46
356.17
427.56
472.97
513.07
- -
Tangible Book Value per Share
141
141
141
139
134
134
134
134
134
134
134
67
134
134
134
134
134
Basic Weighted Avg Shares
17,613
22,187
16,641
11,767
13,087
9,932
13,969
20,826
29,660
25,799
22,444
41,005
55,751
52,716
52,687
46,743
52,630
Sales/Revenue/Turnover
28.21
17.26
8.05
4.93
5.71
-3.29
11.02
11.27
19.86
17.55
15.4
11.57
16.51
21.11
15.55
12.22
16.41
Operating Margin (%)
188
217
379
371
307
711
710
762
796
879
1,215
1,379
1,377
1,097
1,009
1,102
1,009
Depreciation Expense
3,428
3,084
1,524
1,015
1,177
-243
1,234
2,107
2,342
839
980
6,917
7,648
9,513
7,775
7,013
8,785
Net Income, GAAP
30.57
30.05
22.55
13
29
- -
41.01
31.48
53.37
28.65
29.63
- -
16.89
22.17
22.28
25.38
23.05
Effective Tax Rate (%)
19.46
13.9
9.16
8.63
8.99
-2.45
8.83
10.12
7.9
3.25
4.37
16.87
13.72
18.05
14.76
15
16.69
Profit Margin (%)
8,868
12,904
12,746
13,241
10,811
9,338
7,694
11,052
17,864
8,559
10,985
18,631
26,642
31,790
41,635
51,656
- -
Working Capital
769
37
37
34
3,200
2,720
1,798
4,723
8,332
8,088
6,941
5,149
1,618
- -
1
87
- -
LT Debt
25,392
27,564
28,147
27,987
27,498
26,456
27,464
29,300
30,701
32,047
32,988
39,842
47,740
57,307
63,401
68,764
- -
Total Equity
13.85
9.8
3.57
1.71
1.7
- -
2.74
4.61
7.08
7.59
5.69
- -
15.76
16.14
10.57
6.45
- -
Return on Invested Capital (%)
301.38
183.88
55.86
30.21
9.1
- -
5.14
7.36
7.77
2.44
2.96
- -
20.7
22.27
15.83
26.41
1,273.94
Return on Capital (%)
972.06
353.31
91.94
48.08
11.18
-1.32
5.71
8.1
8.34
2.87
3.61
25.27
22.94
22.87
15.79
26.4
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
1
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
134
- -
Market Capitalization
93,922
91,430
102,067

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
44,348
- -
Cash, Cash Equivalents & STI
- -
22,597
- -
Accounts Receivable, Net
- -
6,535
- -
Inventories
- -
13,416
- -
Total Current Liabilities
- -
2,713
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.23%
15.95%
8.46%
Free Cash Flow
-143.41%
-114.56%
53.08%
Net Income, GAAP
3.97%
122.49%
-9.8%
Sales/Revenue/Turnover
20.8%
20.38%
-11.28%
Total Cash Common Dividend
29.31%
56.09%
-0.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,229
15,352
14,311
10,824
52,716
2025
11,510
12,918
14,081
14,178
52,687
2026
11,453
10,903
12,801
- -
46,743

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15.41
18.69
20.59
- -
70.99
2025
9.65
16.42
13.89
18.06
58.02
2026
17.19
18.12
7.67
- -
52.33

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5
2025
- -
- -
- -
- -
10
2026
- -
- -
- -
- -
10
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Business
Maharashtra Seamless Limited operates as a prominent Indian enterprise, primarily focusing on the production and distribution of steel pipes and tubes. The company's operations are strategically organized across three principal segments: Steel Pipes & Tubes, Power – Electricity, and Rig operations. Within its extensive product portfolio, the firm supplies a wide array of offerings, including both seamless steel pipes and Electric Resistance Welded (ERW) pipes. This encompasses mild steel and galvanized pipes, specialized API line pipes for critical infrastructure, and Oil Country Tubular Goods (OCTG) such as casing, tubing, and drill pipes. Furthermore, Maharashtra Seamless produces hot-finished and cold-drawn pipes and tubes, alongside boiler tubes. To enhance durability and performance, the company also provides coated pipes featuring 3-layer polyethylene, fusion bonded epoxy, 3-layer polypropylene, and internal epoxy coatings, in addition to various pipe connections and fittings. Beyond its core manufacturing, the company has diversified into renewable energy generation, managing a 7 MW wind power facility in Maharashtra and a total of 57 MW in solar power projects across various locations, including a 20 MW plant in Rajasthan and a 21 MW plant in Solapur, Maharashtra. Its products are vital for diverse applications across the oil and gas, hydrocarbon processing, automotive, bearing, boiler, heat exchanger, plumbing, firefighting, structural, general engineering, railways, and water transmission sectors. Established in 1988, Maharashtra Seamless Limited is headquartered in New Delhi, India.