Mah. Seamless

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.

Who are in the management team of Mah. Seamless?

As of March 2023, the management team of Mah. Seamless includes D P Jindal (Non Executive Chairman), Saket Jindal (Managing Director), Raghav Jindal (Joint Managing Director), and several independent directors: P N Vijay, Sanjeev Rungta, Ashok Bhandari, Roma Kumar, and S P Raj (Whole-time Director). This diverse team oversees the company's governance and strategic direction.

As of March 2023, 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 team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

When is the next results date for Mah. Seamless?

No Upcoming Board Meetings

What does Mah. Seamless do?

Maharashtra Seamless Ltd is a mid-cap manufacturer of seamless pipes and tubes, part of the DP Jindal Group, with a market cap of Rs 9,014 Cr and reported net sales of 1,418 Cr and net profit of 242 Cr for March 2025. Key metrics include a P/E of 12.00 and a dividend yield of 1.48%.

Overview: <BR>Maharashtra Seamless Ltd is a manufacturer of seamless pipes and tubes, operating in the Iron & Steel Products industry within the mid-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 reported its latest quarterly results for March 2025, showcasing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Net Sales: 1,418 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 242 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 9,014 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 12.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 1.48% <BR>Debt Equity: -0.35 <BR>Return on Equity: 12.26% <BR>Price to Book: 1.42<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

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.

Who are the peers of the Mah. Seamless?

Peers of Mah. Seamless include APL Apollo Tubes, Welspun Corp, Shyam Metalics, and others. Mah. Seamless has average management risk and growth, with a 1-year return of 1.07%, significantly lower than Welspun Corp's 68.53%.

Peers: The peers of Mah. Seamless are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Surya Roshni, Technocraf.Inds., Electrost.Cast., Bansal Wire Inds, and Jayaswal Neco.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, Technocraf.Inds., and Bansal Wire Inds. Average management risk is present at Mah. Seamless, Jindal Saw, Electrost.Cast., and Surya Roshni, while Below Average management risk is noted at Jayaswal Neco. Excellent growth is seen at APL Apollo Tubes and Jindal Saw, while Average growth is found at Shyam Metalics, Ratnamani Metals, Mah. Seamless, and Surya Roshni. Below Average growth is observed at Welspun Corp, Technocraf.Inds., Bansal Wire Inds, and Jayaswal Neco. Excellent capital structure is noted at APL Apollo Tubes, Shyam Metalics, Ratnamani Metals, Mah. Seamless, and Surya Roshni, while Good capital structure is found at Welspun Corp and Technocraf.Inds. Below Average capital structure is present at Jindal Saw, Electrost.Cast., and Bansal Wire Inds.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.53%, while the lowest is Jindal Saw at -23.06%. Mah. Seamless has a 1-year return of 1.07%, which is higher than Jindal Saw but significantly lower than Welspun Corp. Additionally, Ratnamani Metals, Jindal Saw, Electrost.Cast., and Bansal Wire Inds have negative six-month returns.

How big is Mah. Seamless?

As of 24th July, Maharashtra Seamless Ltd has a market capitalization of 9,810.00 Cr, with recent Net Sales of 5,268.67 Cr and a Net Profit of 777.46 Cr. Shareholder's Funds are 5,730.70 Cr and Total Assets amount to 6,587.85 Cr as of March 2024.

As of 24th July, Maharashtra Seamless Ltd has a market capitalization of 9,810.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Maharashtra Seamless reported Net Sales of 5,268.67 Cr and a Net Profit of 777.46 Cr.<BR><BR>The latest annual reporting period for the balance sheet is March 2024, with Shareholder's Funds amounting to 5,730.70 Cr and Total Assets of 6,587.85 Cr.

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.

Are Mah. Seamless latest results good or bad?

Maharashtra Seamless's latest Q2 FY26 results are poor, with a 43.08% decline in net profit to ₹125.26 crore and a 10.31% drop in revenue to ₹1,158.67 crore, indicating significant operational challenges and declining profitability.

Maharashtra Seamless's latest results for Q2 FY26 indicate a challenging financial performance. The company reported a net profit of ₹125.26 crore, which represents a significant decline of 43.08% year-on-year. Revenue also fell by 10.31% compared to the same quarter last year, totaling ₹1,158.67 crore. <BR><BR>The operating margin has dropped to 10.59%, the lowest in eight quarters, highlighting severe margin compression. Additionally, the return on equity (ROE) is at 12.26%, which is below average, further signaling operational difficulties.<BR><BR>Overall, the results reflect a company facing substantial headwinds, with declining profitability and increasing reliance on non-operating income, raising concerns about the sustainability of its earnings. Given these factors, the latest results can be characterized as bad, indicating a need for strategic adjustments to improve performance moving forward.

Should I buy, sell or hold Mah. Seamless?

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.

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.

Which are the latest news on Mah. Seamless?

Why is Maharashtra Seamless Ltd falling/rising?

As of 20-Jan, Maharashtra Seamless Ltd's stock is at Rs. 511.25, down 0.8% and hitting a new 52-week low. The stock has declined 8.86% year-to-date and 21.52% over the past year, underperforming the Sensex, amid negative financial results and a bearish trend in the steel sector.

As of 20-Jan, Maharashtra Seamless Ltd's stock price is falling, currently at Rs. 511.25, which reflects a decrease of Rs. 4.1 or 0.8%. The stock has hit a new 52-week low today and has been on a consecutive decline for the last three days, resulting in a total drop of 3.33% during this period. Over the past week, the stock has underperformed the benchmark Sensex, with a decline of 2.01% compared to the Sensex's 1.73% drop.<BR><BR>In terms of longer-term performance, the stock has experienced significant declines, with a year-to-date drop of 8.86% and a staggering 21.52% decrease over the past year, while the Sensex has gained 6.63% in the same timeframe. This underperformance is compounded by negative financial results reported for the quarter ending September 25, where profit before tax fell by 53.56% and profit after tax decreased by 43.1%.<BR><BR>Despite some positive factors, such as high management efficiency and rising promoter confidence with a 0.76% increase in stake, the overall sentiment remains negative. The stock is trading below its moving averages across multiple timeframes, indicating a bearish trend. Additionally, the steel sector, in which Maharashtra Seamless operates, has also seen a decline of 2.57%, further contributing to the stock's downward pressure.