MAHARASHTRA SEAMLESS LTD·STEEL PIPES 57.39STEEL 59.35·Industrial Products Companies

Price

634.15

+3.85%
O:613
H:658.9
L:612.95
C:634.15

52W Range

500.7690
+27%/-8%

Market Cap

₹8,497.56 Cr

Traded: ₹64.52 Cr (0.76%) 0.0x

Free Float: ₹1,286.53 Cr (5.01% of FF traded)

Volume · 60D trend

10.05 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+12% 3M:+1% 6M:-1% 12M:+13%

Valuation

P/E11.5
P/B1.2
P/S1.8
EV/EBIT-0.1

Business Strength

ROE-20.7%
ROCE5.2%
OPM14.3%
NPM15.0%

Growth (3Y CAGR)

EPS-9.8%
Sales-6.0%
Profit-3.0%
3Y Return+7.0%

Balance Sheet

Debt/Equity0.0
Debt13.4 Cr
Pledge0.0%
CWIP/Fixed Asset3.9%

Cash Position

CFO/NP133.1%
FCF765 Cr
FCF 3Y Avg2,361 Cr
Cash/MCap1.0%

Others

Div Yield0.0%
Div Payout19.0%
Cash Conv. Cycle153 days
Tradeable Free Float15.1%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 28.51 Cr
2.22% FF
60d high
₹ 39.73 Cr
60d low
₹ 27.96 Cr
60d mean
₹ 32.76 Cr
vs mean
▼ 12.98%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
+12.0%
+15.0%
+14.0%
--
--
Stable
Return
+19.0%
+31.0%
+7.0%
-11.0%
--
Decelerating
Profit
+40.0%
+29.0%
-3.0%
--
-16.0%
Decelerating
Sales
+16.0%
+15.0%
-6.0%
--
-12.0%
Decelerating

Quarterly Results

Jun 2026

7 Aug
Rev
1.1K Cr
----
OPM16.0%
NPM--
PAT
--266 Cr
EPS
--19.9

Mar 2026

PDF
Rev
1.3K Cr
-10% YoY+17% QoQ
OPM18.0%
NPM8.1%
PAT
-57% YoY103 Cr
EPS
-58% YoY7.7

Dec 2025

28 Jan
Rev
1.1K Cr
-23% YoY-6% QoQ
OPM14.0%
NPM22.3%
PAT
+31% YoY243 Cr
EPS
+31% YoY18.1

Sep 2025

PDF
Rev
1.2K Cr
-10% YoY+1% QoQ
OPM10.0%
NPM10.8%
PAT
-43% YoY125 Cr
EPS
-43% YoY9.3

Jun 2025

PDF
Rev
1.1K Cr
-1% YoY-19% QoQ
OPM14.0%
NPM20.1%
PAT
+78% YoY230 Cr
EPS
+78% YoY17.2

Mar 2025

PDF
Rev
1.4K Cr
+17% YoY+1% QoQ
OPM20.0%
NPM17.1%
PAT
+11% YoY242 Cr
EPS
+11% YoY18.1

Dec 2024

PDF
Rev
1.4K Cr
-2% YoY+9% QoQ
OPM20.0%
NPM13.2%
PAT
-33% YoY186 Cr
EPS
-33% YoY13.9

Sep 2024

PDF
Rev
1.3K Cr
-16% YoY+12% QoQ
OPM18.0%
NPM17.0%
PAT
-12% YoY220 Cr
EPS
-12% YoY16.4

Jun 2024

PDF
Rev
1.2K Cr
-6% YoY-5% QoQ
OPM10.0%
NPM11.2%
PAT
-37% YoY129 Cr
EPS
-37% YoY9.7

Mar 2024

PDF
Rev
1.2K Cr
-26% YoY-15% QoQ
OPM22.0%
NPM17.9%
PAT
-41% YoY218 Cr
EPS
-41% YoY16.3

Dec 2023

PDF
Rev
1.4K Cr
+7% YoY-7% QoQ
OPM26.0%
NPM19.3%
PAT
+73% YoY276 Cr
EPS
+73% YoY20.6

Sep 2023

PDF
Rev
1.5K Cr
+9% YoY+26% QoQ
OPM21.0%
NPM16.4%
PAT
+55% YoY251 Cr
EPS
--18.7

Jun 2023

PDF
Rev
1.2K Cr
-8% YoY-25% QoQ
OPM19.0%
NPM16.9%
PAT
+48% YoY207 Cr
EPS
--15.4

Mar 2023

PDF
Rev
1.6K Cr
+14% YoY+22% QoQ
OPM19.0%
NPM22.8%
PAT
-6% YoY373 Cr
EPS
--27.6

Dec 2022

Rev
1.3K Cr
----
OPM18.0%
NPM11.9%
PAT
+69% YoY160 Cr
EPS
--11.9

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.00
Interest Coverage22.8x
Promoter Pledge0.0%
Borrowings13 Cr

Efficiency

Receivable Days44 days
Inventory Days140 days
Payable Days31 days
Cash Conversion cycle153 days

Cash Position

Operating Cash Flow933 Cr
Investing Cash Flow-775 Cr
Financing Cash Flow-123 Cr
Free Cash Flow765 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Dec 2022
Sales1,0911,2801,0901,1591,1451,4181,4081,2921,1511,2151,4311,5351,2231,6331,339
Expenses9121,0469411,0409801,1331,1321,0651,0329451,0651,2079881,3191,100
Operating Profit179234149119165285276227119270366328235314239
OPM %16.0%18.0%14.0%10.0%14.0%20.0%20.0%18.0%10.0%22.0%26.0%21.0%19.0%19.0%18.0%
Other Income174-51200761604029165443530332718
Interest111000111011769
Depreciation313129252525252525242626343435
Profit Before Tax322151319169300299252292158290374331228301213
Tax %17.0%32.0%24.0%26.0%23.0%19.0%26.0%25.0%18.0%25.0%26.0%24.0%9.0%-24.0%25.0%
Net Profit266103243125230242186220129218276251207373160
Exceptional Items0-3000000000000--
EPS (Rs)19.97.718.19.317.218.113.916.49.716.320.618.715.427.611.9
Sales Growth (YoY)---9.7%-22.6%-10.3%-0.5%16.7%-1.6%-15.8%-5.9%-25.6%6.9%8.6%-8.3%14.3%--
Sales Growth (QoQ)--17.4%-6.0%1.2%-19.3%0.7%9.0%12.3%-5.3%-15.1%-6.8%25.5%-25.1%22.0%--
OP Growth (YoY)8.5%-17.9%-46.0%-47.6%38.7%5.6%-24.6%-30.8%-49.4%-14.0%53.1%--------
OP Growth (QoQ)-23.5%57.0%25.2%-27.9%-42.1%3.3%21.6%90.8%-55.9%-26.2%11.6%39.6%-25.2%31.4%--
Profit Growth (YoY)---57.0%31.0%-43.0%78.0%11.0%-33.0%-12.0%-37.0%-41.0%73.0%55.0%48.0%-6.0%69.0%
EPS Growth (YoY)---57.5%30.5%-43.1%78.1%10.8%-32.5%-12.2%-37.4%-41.0%72.9%--------
EPS Growth (QoQ)---57.7%93.9%-45.6%-4.8%30.0%-15.4%70.2%-40.8%-20.8%10.2%21.2%-44.2%131.9%--
OP Margin--18.3%13.7%10.3%14.4%20.1%19.6%17.6%10.3%22.2%25.6%21.4%19.2%19.2%17.9%
Net Margin--8.1%22.3%10.8%20.1%17.1%13.2%17.0%11.2%17.9%19.3%16.4%16.9%22.8%11.9%
Material Cost %--60.0%64.0%68.0%63.0%60.0%62.0%62.0%69.0%60.0%60.0%61.0%63.0%64.0%66.0%
Employee Cost %--3.0%3.0%3.0%3.0%2.0%2.0%2.0%3.0%2.0%2.0%2.0%2.0%2.0%2.0%
P/S1.841.691.74------------------------
P/E11.5211.279.95------------------------
P/B1.241.151.27------------------------

Shareholding Pattern

Shareholders:83.5K (+76.6%)
Current MixJun 2026

Exchange Filings

50
Company Update21 Aug 2026

Intimation regarding publication of Pre AGM Notice and Record Date

Company Update12 Aug 2026

Attached

Company Update10 Aug 2026

Newspaper publication of financial results for the quarter ended on 30th June, 2026

Company Update08 Aug 2026

Attached

Result07 Aug 2026

Un-audited financial results for the quarter ended 30th June 2026

Corp. Action07 Aug 2026

Record date for dividend

Company Update07 Aug 2026

Appointment of Mr. Shiv Kumar Singhal as Whole-time Director and Dr. Raj Kamal Agarwal as Independent Director of the Company

Company Update07 Aug 2026

Earning Presentation Q1FY27

Board Meeting07 Aug 2026

Outcome of Board Meeting

Company Update13 Jul 2026

Attached

Company Update07 Jul 2026

Attached

Company Update04 Jul 2026

Newspaper advertisement regarding opening of special window for re-lodgment of transfer requests of physical shares

Company Update03 Jul 2026

Attached

Insider Trading / SAST01 Jul 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Odd & Even Trades & Finance Ltd

Company Update30 Jun 2026

Attached

AGM/EGM25 Jun 2026

Voting Results of Postal Ballot through remote e-voting and Scrutinizer''s Report

Insider Trading / SAST24 Jun 2026

Intimation of Closure of Trading Window

Company Update15 Jun 2026

Update on Scheme of Arrangement

Company Update27 May 2026

Annual Secretarial Compliance Report for the year ended 31st March, 2026

Company Update26 May 2026

Newspaper advertisement regarding Postal Ballot Notice

AGM/EGM25 May 2026

Submission of Postal Ballot Notice

Company Update24 May 2026

Newspaper publication of financial results for the quarter and year ended March 31, 2026

Company Update22 May 2026

Attached

Board Meeting22 May 2026

Outcome of Board Meeting

Result22 May 2026

Attached

Company Update22 May 2026

Attached

Corp. Action22 May 2026

Attached

Company Update16 May 2026

Intimation of Incorporation of Wholly Owned Subsidiary

Company Update16 May 2026

Intimation of Incorporation of Wholly Owned Subsidiary

Company Update11 May 2026

Notice to shareholders published in newspaper regarding transfer of equity shares to IEPF

Board Meeting11 May 2026

Maharashtra Seamless Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2026 ,inter alia, to consider and approve the Audited Financial ....

Company Update07 May 2026

Intimation regarding notice given to shareholders for transfer of equity shares IEPF

Company Update09 Apr 2026

Attached

Company Update07 Apr 2026

Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018

Company Update04 Apr 2026

ESG Score & Rating

Insider Trading / SAST27 Mar 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Odd & Even Trades & Finance Ltd

Insider Trading / SAST24 Mar 2026

Intimation of Closure of Trading Window

AGM/EGM13 Mar 2026

Voting Results of Postal Ballot through remote e-voting and Scrutinizers Report

Company Update09 Mar 2026

Newspaper advertisement regarding opening of special window for re-lodgement of transfer requests of physical shares.

Company Update02 Mar 2026

Credit Rating

Insider Trading / SAST26 Feb 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Global Jindal Fin Invest Ltd

Insider Trading / SAST25 Feb 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Haryana Capfin Ltd

Company Update10 Feb 2026

Newspaper advertisement regarding Postal Ballot Notice

AGM/EGM09 Feb 2026

Submission of Postal Ballot Notice

Company Update05 Feb 2026

Schedule of Analyst/Investor meet

Company Update02 Feb 2026

Attached

Company Update30 Jan 2026

Audio Recording of Conference Call dated 29th January, 2026

Company Update29 Jan 2026

Newspaper Publication of Financial Results for the quarter and nine months ended on December 31, 2025

Board Meeting28 Jan 2026

Result for the Quarter ended on 31st December 2025

Company Update28 Jan 2026

Reappointment of Mr. S. P. Raj as Whole -time Director of the Company w.e.f. March 31, 2026, subject to the approval of shareholders.

Annual Reports

14

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Credit Ratings

6
icraRating update
10 Dec 2024Report
icraRating update
11 Dec 2023Report
icraRating update
12 Sept 2022Report
icraRating update
07 Jun 2021Report
icraRating update
08 Jul 2020Report
icraRating update

Concalls

22

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

Jun 2025

30 Jun 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

Jun 2023

30 Jun 2023

Feb 2023

28 Feb 2023

Oct 2022

31 Oct 2022

Aug 2022

31 Aug 2022

Jun 2022

30 Jun 2022

Feb 2022

28 Feb 2022

Nov 2021

30 Nov 2021

Sep 2019

30 Sept 2019

Jun 2019

30 Jun 2019

Nov 2018

30 Nov 2018

Dec 2016

31 Dec 2016

Held by ETFs

3 ETFs hold mahseamles · sorted by weight

#ETFWeight %
1

HDFCBSE500

HDFCAMC - HDFCBSE500

0.01%
2

AONETOTAL

AONEAMC - AONETOTAL

0.01%
3

BSE500IETF

ICICIPRAMC - ICICI500

0.01%

Held by Mutual Funds

10 schemes hold mahseamles · sorted by weight

#SchemeWeight %
1

ICICI Prudential Smallcap Fund

ICICI Prudential Mutual Fund

0.32%
2

iSIF Hybrid Long-Short Fund

ICICI Prudential Mutual Fund

0.82%
3

Motilal Oswal Nifty Microcap 250 Index Fund

Motilal Oswal Mutual Fund

0.26%
4

Quant Small Cap Fund

Quant Mutual Fund

0.23%
5

ICICI Prudential Energy Opportunities Fund

ICICI Prudential Mutual Fund

0.08%
6

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.01%
7

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.01%
8

HDFC BSE 500 Index Fund

HDFC Mutual Fund

0.01%
9

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.01%
10

ICICI Prudential ESG Exclusionary Strategy Fund

ICICI Prudential Mutual Fund

0.28%