Mah. Seamless

Why is Maharashtra Seamless Ltd falling/rising?

As of 15-Jun, Maharashtra Seamless Ltd's stock price is rising to 629.90, up 2.05%. This increase is driven by strong buying interest and positive momentum, although declining investor participation and recent profit challenges remain concerns.

As of 15-Jun, Maharashtra Seamless Ltd's stock price is rising, currently at 629.90, reflecting an increase of 12.65 (2.05%). This upward movement can be attributed to several factors. Firstly, the stock has outperformed its sector by 1.7% today and has shown a consecutive gain over the last two days, accumulating a total return of 5.93% during this period. Additionally, the stock reached an intraday high of Rs 633.6, indicating strong buying interest.<BR><BR>Moreover, Maharashtra Seamless is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically signals positive momentum in the stock's performance. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 18.27% against the 5-day average, which could indicate a potential concern for future trading activity.<BR><BR>Despite the recent rise, the company faces challenges, including a decline in profits over the past year and negative results in the last three consecutive quarters. The stock has generated a return of -9.63% over the past year, and its operating profit growth has been modest at an annual rate of 10.67% over the last five years. Nonetheless, the current price increase reflects a short-term positive sentiment among investors, despite the underlying issues.

Which are the latest news on Mah. Seamless?

How big is Mah. Seamless?

As of 10th June, Maharashtra Seamless Ltd has a market capitalization of 8,135.00 Cr, with recent net sales of 4,674.34 Cr and a net profit of 701.27 Cr. The company reported shareholder's funds of 6,339.94 Cr and total assets of 7,033.26 Cr for the latest annual period ending in March 2025.

As of 10th June, Maharashtra Seamless Ltd has a market capitalization of 8,135.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Maharashtra Seamless reported Net Sales of 4,674.34 Cr and a Net Profit of 701.27 Cr.<BR><BR>For the latest annual period ending in March 2025, the company had Shareholder's Funds amounting to 6,339.94 Cr and Total Assets of 7,033.26 Cr.

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), and several Independent Non Executive Directors: P N Vijay, Sanjeev Rungta, Ashok Bhandari, Roma Kumar, and S P Raj (Whole-time Director). This diverse team guides the company's strategic direction and governance.

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 brings a diverse range of expertise to the company, contributing to its strategic direction and governance.

Who are the peers of the Mah. Seamless?

Peers of Mah. Seamless include Ratnamani Metals, Gallantt Ispat L, Usha Martin, Jindal Saw, Jayaswal Neco, Aeroflex, Technocraf.Inds., Surya Roshni, and Bansal Wire Inds. Mah. Seamless has a 1-year return of -16.60%, lower than Usha Martin's 56.34% but higher than Electrost.Cast.'s -45.12%.

Peers: The peers of Mah. Seamless are Ratnamani Metals, Gallantt Ispat L, Usha Martin, Jindal Saw, Jayaswal Neco, Aeroflex, Technocraf.Inds., Surya Roshni, and Bansal Wire Inds.<BR><BR>Quality Snapshot: Excellent management risk is observed at Ratnamani Metals, Usha Martin, and Technocraf.Inds., while Average management risk is found at Gallantt Ispat L, Jindal Saw, Jayaswal Neco, Mah. Seamless, Aeroflex, Surya Roshni, and Bansal Wire Inds. Good management risk is noted for Bansal Wire Inds. Growth is Excellent at Gallantt Ispat L, while Below Average growth is seen at Ratnamani Metals, Usha Martin, Mah. Seamless, Aeroflex, Surya Roshni, and the rest. Good growth is noted for Jindal Saw and Jayaswal Neco, while Below Average capital structure is found at Jayaswal Neco, Average capital structure at Jindal Saw, and Excellent capital structure at Ratnamani Metals, Usha Martin, Gallantt Ispat L, Aeroflex, and Surya Roshni.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Usha Martin at 56.34%, while the lowest is Electrost.Cast. at -45.12%. Mah. Seamless has a 1-year return of -16.60%, which is higher than Electrost.Cast. but lower than Usha Martin. Additionally, Surya Roshni and Bansal Wire Inds. have negative six-month returns.

What does Mah. Seamless do?

Maharashtra Seamless Ltd is a manufacturer of seamless pipes and tubes in the Iron & Steel Products industry, with a market cap of INR 8,135 Cr. As of March 2026, it reported net sales of 1,280 Cr and a net profit of 103 Cr.

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-cap bracket.<BR><BR>History: <BR>Incorporated on 10 May, 1988, Maharashtra Seamless Ltd is the flagship company of the DP Jindal Group. The company made a foray into the ERW pipe category in 2000, and the latest quarterly results reported net sales and profit for March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 1,280 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 103 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 8,135 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 11.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 1.64% <BR>Debt Equity: -0.53 <BR>Return on Equity: 10.23% <BR>Price to Book: 1.19<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

Should I buy, sell or hold Maharashtra Seamless Ltd?

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.

When is the next results date for Mah. Seamless?

No Upcoming Board Meetings

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.