MAHSEAMLES

Maharashtra Seamless Ltd.

NSE: MAHSEAMLES

BSE: 500265

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Iron & Steel Products

618.10-26.1 (-4.06%)

9 Oct, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

74.4 / 100

Value Score

93.3 / 100

Price Momentum Score

64.9 / 100

QVM Score

96.8 / 100

Key Metrics

Market Cap

8282.48

P/E (TTM)

11.23

P/B

1.20

P/S (TTM)

1.73

EV/EBITDA

5.29

CAPE (5Y)

11.16

ROE (TTM)

10.61

ROCE (TTM)

8.63

ROA (TTM)

9.49

Avg 3Y ROE

13.87

Earnings 3Y CAGR

-3.41

Sales 3Y CAGR

-5.09

Sales 5Y CAGR

13.55

Debt/Equity

0.00

Consensus TP

790.00

Strong Buy %

Promoter Holding

70.28

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Maharashtra Seamless Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is cheap and PE TTM is at a discount to industry median

PE TTM of 11.23 indicates that the stock is cheap on a standalone basis. Discount to industry median P/E is decent at -39.66%

What is P/E Ratio?

Median: 18.61

Value 11.23

-166.0616869.6

High and stable operating margin

The company reported strong operating margin of 15.73% for 12-month ended 30 Jun 2026 and operating margin declined marginally by -68 bps from 1 year ago

What is Operating profit margin?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.0 as on 30 Jun 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 10 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Moderate ROE but declining trend

The company reported moderate ROE of 10.61% for 12-month ended 30 Jun 2026 but ROE declined by -226 bps from 1 year ago

What is ROE (FY)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -8.9% for 12-month ended 30 Jun 2026 and the growth was 18.4 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 9.5

Value -8.9

-99.993710

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -12.53% for 12-month ended 30 Jun 2026 and the growth was 26.85 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Neutral

Company's earnings are of moderate quality

Earnings quality score of 65.6 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

65.6 / 100

Moderate dividend yield

The company has a moderate dividend yield of 1.62%

What is Dividend yield?

Financial Snapshot

See detailed analysis

Multi-year trends for Maharashtra Seamless Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Maharashtra Seamless Ltd. Shareholding Pattern

Quarterly breakdown of Maharashtra Seamless Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	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	Jun 2026
Total Promoter	62.93	62.93	63.04	63.78	63.78	63.73	63.82	64.90	67.00	67.08	67.25	67.63	67.80	67.80	67.86	67.86	68.00	68.00	68.04	68.07	68.86	68.87	69.05	69.81	70.28	70.28
Indian Promoter	62.93	62.93	63.04	63.78	63.78	63.73	63.82	64.90	67.00	67.08	67.25	67.63	67.80	67.80	67.86	67.86	68.00	68.00	68.04	68.07	68.86	68.87	69.05	69.81	70.28	70.28
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	10.16	8.80	8.49	7.80	6.96	6.03	5.42	4.14	4.56	4.97	6.67	6.84	6.77	10.14	12.24	14.68	15.79	14.50	12.31	12.94	13.55	14.48	13.47	12.41	12.87	13.54
Mutual Funds / UTI	7.96	7.09	6.92	6.29	5.51	4.58	3.81	2.82	2.89	2.93	3.08	2.65	2.57	2.69	2.72	2.75	2.54	4.19	3.56	3.02	3.06	3.15	2.90	2.24	2.56	3.09
FI/Bank/Insurance	0.41	0.39	0.32	0.32	0.32	0.32	0.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.15	0.17	0.21	0.24	0.25	0.01	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	1.55	1.07	1.01	0.96	0.91	0.91	1.05	1.00	1.15	1.28	2.67	3.08	2.84	5.95	7.98	10.50	11.96	9.23	7.97	9.12	9.63	10.42	9.86	9.51	9.59	9.72
Other Institutions	0.24	0.24	0.24	0.23	0.23	0.23	0.25	0.31	0.52	0.77	0.92	1.11	1.35	1.49	1.54	1.44	1.27	0.99	0.63	0.62	0.66	0.68	0.47	0.64	0.71	0.73
Non-Institution	26.91	28.28	28.46	28.42	29.26	30.23	30.76	30.96	28.44	27.95	26.07	25.53	25.43	22.06	19.89	17.45	16.22	17.49	19.65	19.00	17.59	16.65	17.49	17.79	16.86	16.19
Bodies Corporate	11.91	12.13	11.82	12.44	12.93	13.06	13.71	13.20	11.46	11.26	9.94	8.71	8.42	6.99	5.73	4.84	4.54	3.94	3.80	3.69	3.21	3.10	3.03	3.21	2.91	2.80
Others (incl. Retail) No. of shareholders	15.00 22,388	16.15 26,140	16.64 28,279	15.98 27,842	16.33 27,718	17.17 29,781	17.05 29,094	17.76 28,369	16.98 27,238	16.69 30,561	16.13 36,060	16.82 48,486	17.01 46,717	15.07 50,174	14.16 54,257	12.61 61,381	11.68 68,995	13.55 76,806	15.85 95,706	15.31 1,28,275	14.38 1,05,013	13.55 92,804	14.46 93,533	14.58 92,240	13.95 88,115	13.39 82,795

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Iron & Steel Products	2.91%	10 / 20
2	Nifty Total Market	0.01%	629 / 749

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Maharashtra Seamless Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Haryana Capfin Limited Promoter Group	March-2026	Market Purchase (Acquisition) 31st Mar 2026	4.72 %	₹ 560.28	3.50 lac	₹ 19.61 cr
Saket Jindal Promoter	March-2026	Market Sale (Disposal) 31st Mar 2026	3.24 %	₹ 559.74	4.08 lac	₹ 22.83 cr
Odd & Even Trades & Finance Limited Promoter Group	March-2026	Market Purchase (Acquisition) 31st Mar 2026	18.16 %	₹ 560.42	57.92 k	₹ 3.25 cr
Odd & Even Trades & Finance Limited Promoter Group	March-2026	Market Purchase (Acquisition) 25th Mar 2026	18.13 %	₹ 543.94	30.18 k	₹ 1.64 cr
Global Jindal Fin-Invest Limited Promoter Group	March-2026	Market Purchase (Acquisition) 20th Mar 2026	8.67 %	₹ 561.93	87.40 k	₹ 4.91 cr
Global Jindal Fin-Invest Limited Promoter Group	March-2026	Market Purchase (Acquisition) 20th Mar 2026	8.67 %	₹ 561.93	87.40 k	₹ 4.91 cr
Haryana Capfin Limited Promoter Group	March-2026	Market Purchase (Acquisition) 20th Mar 2026	4.72 %	₹ 556.75	12.15 k	₹ 67.65 lac
Odd & Even Trades & Finance Limited Promoter Group	March-2026	Market Purchase (Acquisition) 20th Mar 2026	17.90 %	₹ 557.35	3.10 lac	₹ 17.25 cr
Global Jindal Fin-Invest Limited Promoter Group	March-2026	Market Purchase (Acquisition) 18th Mar 2026	8.66 %	₹ 547.07	10.00 k	₹ 54.71 lac
Global Jindal Fin-Invest Limited Promoter Group	March-2026	Market Purchase (Acquisition) 10th Mar 2026	8.65 %	₹ 546.69	20.00 k	₹ 1.09 cr

…

Corporate Actions

History of Maharashtra Seamless Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 10/share
Record date: 1st Sep 2026Ex-date: 1st Sep 2026
Announced on: 22nd May 2026
Dividend₹ 10/share
Record date: 14th Aug 2025Ex-date: 14th Aug 2025
Announced on: 27th May 2025
Dividend₹ 10/share
Record date: 14th Aug 2024Ex-date: 14th Aug 2024
Announced on: 21st May 2024
Dividend₹ 5/share
Record date: 14th Aug 2023Ex-date: 14th Aug 2023
Announced on: 26th May 2023
Bonus1 new shares for 1 existing shares
Ex-date: 25th Nov 2022Announced on: 17th Oct 2022

Company Profile

Overview of Maharashtra Seamless Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Maharashtra Seamless Limited is India-based company, which is engaged in manufacturing steel pipes and tubes. The Company operates through three segments: Steel Pipes & Tubes, Power Electricity, and RIG. The Company manufactures seamless pipes and tubes with a product range using CPE technology. The...

Key personnel

Mr. Ram Ji Nigam

Compliance Officer, Company Secretary

Shri. Dharam Pal JindalD

Non-Executive Chairman of the Board

Mr. Raghav JindalD

Joint Managing Director, Executive Director

Mr. Saket JindalD

Managing Director, Executive Director

Shri. S. P. RajD

Whole-Time Director

Mr. Shiv Kumar SinghalD

Whole Time Director

Mrs. Dipika AgarwalD

Non-Executive Independent Director

Dr. Raj Kamal AgarwalD

Non-Executive Independent Director

View all

Incorporated on

10 May 1988

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

2,027

IPO date

27 Aug 1991

Free Float

3,73,43,763

Website

https://www.jindal.com/msl/

Phone no.

+911242574325

Address

Jindal Corporate Centre, Plot No. 30, Institutional Sector 44, GURGAON, 122001, India

Frequently Asked Questions

What is the current share price of Maharashtra Seamless Ltd.?

The current share price of Maharashtra Seamless Ltd. is ₹ 618.10 as of 9 Oct 2026.

What is the market capitalisation of Maharashtra Seamless Ltd.?

The market capitalisation of Maharashtra Seamless Ltd. stands at ₹ 8,282.48 Cr.

What is the PE ratio of Maharashtra Seamless Ltd.?

The Price-to-Earnings (PE) ratio of Maharashtra Seamless Ltd. is 11.23 as of the latest trailing twelve months data.

What is the ROE and ROCE of Maharashtra Seamless Ltd.?

Maharashtra Seamless Ltd. has a Return on Equity (ROE) of 10.61% and a Return on Capital Employed (ROCE) of 8.63% as per the latest financial reports.

What is the 52-week high and low of Maharashtra Seamless Ltd.?

The 52-week high of Maharashtra Seamless Ltd. is - and the 52-week low is -.

What is the dividend yield of Maharashtra Seamless Ltd.?

The dividend yield of Maharashtra Seamless Ltd. is 1.62% based on the current market price.

What is the FII and DII holding in Maharashtra Seamless Ltd.?

Foreign Institutional Investors (FII) hold 9.72%, Domestic Institutional Investors (DII) hold 3.09% and retail/public investors hold 13.39% of Maharashtra Seamless Ltd. shares.

What sector does Maharashtra Seamless Ltd. belong to?

Maharashtra Seamless Ltd. operates in the Capital Goods sector.

What is the beta of Maharashtra Seamless Ltd.?

The beta of Maharashtra Seamless Ltd. is 0.83, indicating its price volatility relative to the broader market. Over the past 1 year, Maharashtra Seamless Ltd. has delivered an absolute return of 4.23%.

What is the RSI of Maharashtra Seamless Ltd.?

The 14-day Relative Strength Index (RSI) of Maharashtra Seamless Ltd. is 34.49, placing it approaching oversold territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Maharashtra Seamless Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Maharashtra Seamless Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Holdings and Presence

Company Profile

Corporate Actions