Mah. Seamless

Why is Maharashtra Seamless Ltd falling/rising?

As of 01-Sep, Maharashtra Seamless Ltd's stock price is at 650.50, down 1.91% after three days of gains, indicating a trend reversal. Despite this decline, the stock has shown positive performance over the past month and year-to-date, and is trading above key moving averages, suggesting potential for recovery.

As of 01-Sep, Maharashtra Seamless Ltd's stock price is currently at 650.50, reflecting a decrease of 12.65, or 1.91%. This decline comes after a period of three consecutive days of gains, indicating a trend reversal. Additionally, the stock has underperformed its sector by 2.11% today. <BR><BR>Despite the current drop, the stock has shown positive performance over various time frames, including a 14.64% increase over the past month and a 15.96% rise year-to-date. However, the stock touched an intraday low of Rs 644, which represents a 2.89% decrease from its previous levels. <BR><BR>On a more positive note, Maharashtra Seamless Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally upward trend in the longer term. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 23.64% against the 5-day average, indicating growing interest in the stock. <BR><BR>Institutional investors have also increased their stake by 0.67% in the last quarter, now holding 13.55% of the company, which may provide additional support for the stock's future performance. Overall, while the stock is currently experiencing a decline, its longer-term performance and increasing institutional interest may suggest potential for recovery.

Which are the latest news on Mah. Seamless?

Who are in the management team of Mah. Seamless?

The management team of Mah. Seamless includes D P Jindal (Non Executive Chairman), Saket Jindal (Managing Director), Raghav Jindal (Joint Managing Director), S P Raj (Whole-time Director), and several Independent Non-Executive Directors: P N Vijay, Sanjeev Rungta, Ashok Bhandari, and Roma Kumar. This team combines executive leadership with independent oversight.

The management team of Mah. Seamless includes the following individuals:<BR><BR>1. **D P Jindal** - Non Executive Chairman<BR>2. **Saket Jindal** - Managing Director<BR>3. **P N Vijay** - Independent Non-Executive Director<BR>4. **Sanjeev Rungta** - Independent Non-Executive Director<BR>5. **Ashok Bhandari** - Independent Non-Executive Director<BR>6. **Roma Kumar** - Independent Non-Executive Director<BR>7. **S P Raj** - Whole-time Director<BR>8. **Raghav Jindal** - Joint Managing Director<BR><BR>This diverse team brings a mix of executive and independent oversight to the company's operations.

What does Mah. Seamless do?

Maharashtra Seamless Ltd is a small-cap manufacturer of seamless pipes and tubes, part of the DP Jindal Group, with net sales of ₹1,091 Cr and a net profit of ₹266 Cr for Q2 2026. The company has a market cap of ₹8,755 Cr and key metrics include a P/E ratio of 12.00 and a return on equity of 10.23%.

Overview:<BR>Maharashtra Seamless Ltd is a manufacturer of seamless pipes and tubes, operating in the Iron & Steel Products industry within the small-cap market segment.<BR><BR>History:<BR>Incorporated on 10 May 1988, Maharashtra Seamless Ltd is the flagship company of the DP Jindal Group. The company ventured into the ERW pipe category in 2000 and has reported net sales and profit for the quarter ending June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,091 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 266 Cr (Quarterly Results - Jun 2026)<BR>- Market-cap: INR 8,755 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 12.00<BR>- Industry P/E: 25<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: -0.53<BR>- Return on Equity: 10.23%<BR>- Price to Book: 1.29<BR><BR>Contact Details:<BR>Address: Pipe Nagar Village Sukeli, NH 17 B K G Road Roha Taluk Raigad Maharashtra : 402126<BR>Tel: 91-2194-238511<BR>Email: secretarial@mahaseam.com<BR>Website: http://www.jindal.com

Who are the peers of the Mah. Seamless?

Peers of Mah. Seamless include Ratnamani Metals, Godawari Power, Usha Martin, and others. Management risk varies from excellent to below average among peers, with Mah. Seamless showing average risk and a 1-year return of 3.42%.

Peers: The peers of Mah. Seamless are Ratnamani Metals, Godawari Power, Usha Martin, Gallantt Ispat L, Jayaswal Neco, Technocraf.Inds., Aeroflex, Shivalik Bimetal, Man Industries, and Bansal Wire Inds.<BR><BR>Quality Snapshot: Excellent management risk is observed at Ratnamani Metals, Godawari Power, Usha Martin, and Technocraf.Inds., while Good management risk is found at Shivalik Bimetal. Average management risk is present at Gallantt Ispat L, Jayaswal Neco, Mah. Seamless, Aeroflex, and Bansal Wire Inds., and Below Average management risk is noted for Man Industries. Growth is rated as Good for Gallantt Ispat L and Bansal Wire Inds., while Below Average growth is seen at Ratnamani Metals, Godawari Power, Usha Martin, Mah. Seamless, Technocraf.Inds., and the rest. Capital Structure is Excellent for Ratnamani Metals, Godawari Power, Usha Martin, Gallantt Ispat L, and Shivalik Bimetal, while Good capital structure is found at Technocraf.Inds. and Man Industries.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Aeroflex at 208.41%, while the lowest is Godawari Power at 4.71%. Mah. Seamless has a 1-year return of 3.42%, which is lower than both. Additionally, Godawari Power and Gallantt Ispat L have negative six-month returns.

How big is Mah. Seamless?

As of 31st August, Maharashtra Seamless Ltd has a market capitalization of 8,755.00 Cr, with recent Net Sales of 4,620.27 Cr and a Net Profit of 737.35 Cr.

As of 31st August, Maharashtra Seamless Ltd has a market capitalization of 8,755.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 4,620.27 Cr and a Net Profit of 737.35 Cr.<BR><BR>The latest reporting period for the balance sheet is March 2026, with Shareholder's Funds amounting to 6,876.45 Cr and Total Assets of 7,739.04 Cr.

Should I buy, sell or hold Maharashtra Seamless Ltd?

When is the next results date for Maharashtra Seamless Ltd?

The next results date for Maharashtra Seamless Ltd is 07 August 2026.

The next results date for Maharashtra Seamless Ltd is scheduled for 07 August 2026.

Are Maharashtra Seamless Ltd latest results good or bad?

Maharashtra Seamless Ltd's latest Q4 FY26 results are negative, showing a 57.52% decline in net profit to ₹102.83 crore and a 9.71% drop in revenue to ₹1,280.11 crore, alongside compressed operating margins. Despite a sequential revenue recovery, the significant profit drop indicates ongoing operational challenges.

Maharashtra Seamless Ltd's latest results for Q4 FY26 indicate a challenging performance. The company reported a net profit of ₹102.83 crore, which represents a significant decline of 57.52% year-on-year. Revenue also fell by 9.71% compared to the same quarter last year, totaling ₹1,280.11 crore. <BR><BR>Operating margins have compressed, dropping to 18.57% from 20.11% in the previous year, and the profit after tax (PAT) margin decreased sharply to 8.03% from 17.09%. These figures highlight severe operational challenges, particularly in the face of pricing pressures and subdued demand in the steel products sector.<BR><BR>While there was a sequential recovery in revenue, increasing by 17.41% from the previous quarter, the drastic drop in net profit is concerning. The company's performance reflects ongoing difficulties in maintaining profitability and suggests that the current operational environment is quite challenging.<BR><BR>Overall, the results can be characterized as negative, with significant declines in both profit and margins, indicating that the company is facing substantial headwinds.

Is Mah. Seamless technically bullish or bearish?

As of December 2, 2025, the market trend has shifted to bearish, supported by negative indicators from MACD, Bollinger Bands, and moving averages, despite mixed signals from Dow Theory.

As of 2 December 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a strong indication of weakness. The weekly MACD is bearish, supported by bearish signals from both the Bollinger Bands and KST. Daily moving averages also confirm a bearish trend. The Dow Theory shows a mildly bullish stance on the weekly but is mildly bearish on the monthly, indicating mixed signals. Overall, the lack of positive momentum in the RSI and the absence of trends in OBV further reinforce the bearish outlook.

Is Mah. Seamless overvalued or undervalued?

As of November 19, 2025, Mah. Seamless is fairly valued with a PE ratio of 9.72, an EV to EBITDA of 5.69, and a dividend yield of 1.76%, trading at a discount compared to peers like JSW Steel and Tata Steel, but has underperformed the market with a year-to-date return of -18.67%.

As of 19 November 2025, Mah. Seamless has moved from an attractive to a fair valuation grade. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 9.72, an EV to EBITDA of 5.69, and a dividend yield of 1.76%. <BR><BR>In comparison to peers, Mah. Seamless's PE ratio is significantly lower than that of JSW Steel at 46.65 and Tata Steel at 29.03, indicating that it is trading at a discount relative to these competitors. However, it is on par with Jindal Steel, which also has a fair valuation. Despite recent stock performance showing a slight outperformance against the Sensex over the past week, the year-to-date return of -18.67% suggests that the stock has underperformed significantly compared to the broader market.

How has been the historical performance of Mah. Seamless?

Mah. Seamless has shown a declining trend in net sales and profits, with net sales dropping to 5,268.67 Cr in Mar'25 from 5,716.37 Cr in Mar'23, and profit after tax decreasing to 790.91 Cr in Mar'25 from 974.27 Cr in Mar'24, despite an increase in total assets and liabilities.

Answer:<BR>The historical performance of Mah. Seamless shows a fluctuating trend in net sales and profits over the years, with a notable decline in recent periods.<BR><BR>Breakdown:<BR>Mah. Seamless reported net sales of 5,268.67 Cr in Mar'25, down from 5,404.12 Cr in Mar'24 and 5,716.37 Cr in Mar'23, indicating a downward trend from a peak in Mar'23. The total operating income followed a similar pattern, with a decrease to 5,268.67 Cr in Mar'25 from 5,404.12 Cr in Mar'24. The company's total expenditure, excluding depreciation, rose to 4,348.42 Cr in Mar'25 from 4,182.71 Cr in Mar'24. Operating profit (PBDIT) decreased to 920.25 Cr in Mar'25 from 1,221.41 Cr in Mar'24, reflecting a decline in profitability. Profit before tax also fell to 1,013.79 Cr in Mar'25 from 1,245.42 Cr in Mar'24, while profit after tax decreased to 790.91 Cr from 974.27 Cr in the same period. The consolidated net profit for Mar'25 was reported at 777.46 Cr, down from 951.32 Cr in Mar'24. The company's total assets increased to 7,033.26 Cr in Mar'25 from 6,583.20 Cr in Mar'24, while total liabilities also rose to 7,033.26 Cr from 6,583.20 Cr, indicating a growing financial base but also increasing obligations. Cash flow from operating activities decreased to 609.00 Cr in Mar'25 from 1,041.00 Cr in Mar'24, contributing to a net cash outflow of 12.00 Cr in Mar'25. Overall, Mah. Seamless has experienced a decline in sales and profits in the latest fiscal year, despite an increase in total assets and liabilities.

Who are the top shareholders of the Mah. Seamless?

The top shareholders of Mah. Seamless include promoters, with Stable Trading Co Limited holding 17.71%, and institutional investors, where 18 mutual fund schemes hold 3.06% and foreign institutional investors account for 9.63%. Individual investors collectively own 11.95%, with Quant Mutual Fund being the largest public shareholder at 2%.

The top shareholders of Mah. Seamless include a mix of promoters and institutional investors. The majority of the shares are held by promoters, with Stable Trading Co Limited being the largest individual promoter, holding 17.71%. <BR><BR>In terms of institutional holdings, 18 mutual fund schemes collectively hold 3.06%, while foreign institutional investors (FIIs) account for 9.63% of the shares, with a total of 174 FIIs involved. The highest public shareholder is Quant Mutual Fund, specifically through the Quant Active Fund, which holds 2%. Additionally, individual investors collectively own 11.95% of the company.

What is the bonus history of the Mah. Seamless?

Maharashtra Seamless Ltd announced a 1:1 bonus issue, with an ex-date of November 25, 2022, and a record date of November 28, 2022, allowing shareholders to receive one additional share for each share held.

Maharashtra Seamless Ltd has a recent bonus history where they announced a 1:1 bonus issue. The ex-date for this bonus was on November 25, 2022, and the record date was November 28, 2022. This means that shareholders on record as of the record date were entitled to receive one additional share for every share they held.

Has Mah. Seamless declared dividend?

Maharashtra Seamless Ltd has declared a 200% dividend, amounting to ₹10 per share, with an ex-date of August 14, 2024. The company has demonstrated strong total returns over various periods, with a dividend yield of 1.48%.

Maharashtra Seamless Ltd has declared a 200% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 200%<BR>- Amount per share: 10<BR>- Ex-date: 14 Aug 24<BR><BR>Dividend Yield: 1.48%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -12.34%, with no dividend return, resulting in a total return of -12.34%.<BR><BR>Over the past year, there was a price return of 5.84% and a dividend return of 1.47%, leading to a total return of 7.31%.<BR><BR>In the 2-year period, the price return was 39.45% and the dividend return was 3.17%, culminating in a total return of 42.62%.<BR><BR>For the 3-year period, the price return stood at 129.81% with a dividend return of 6.88%, resulting in a total return of 136.69%.<BR><BR>In the last 4 years, the price return was 368.99% and the dividend return was 15.34%, giving a total return of 384.33%.<BR><BR>Finally, over the past 5 years, the price return reached 518.57% with a dividend return of 22.90%, resulting in a total return of 541.47%.<BR><BR>Overall, Maharashtra Seamless Ltd has shown a strong performance in terms of total returns over various periods, with a significant dividend declaration indicating a commitment to returning value to shareholders. The dividend yield of 1.48% further reflects the company's efforts to provide returns alongside price appreciation.