Why is Maharashtra Seamless Ltd ?
1
Poor long term growth as Operating profit has grown by an annual rate 10.67% of over the last 5 years
2
Flat results in Jun 26
- PAT(Latest six months) At Rs 371.30 cr has Grown at -21.40%
- ROCE(HY) Lowest at 13.72%
- NON-OPERATING INCOME(Q) is 54.10 % of Profit Before Tax (PBT)
3
With ROE of 10.2, it has a Very Expensive valuation with a 1.1 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -11.28%, its profits have fallen by -9.5%
4
Below par performance in long term as well as near term
- Along with generating -11.28% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Iron & Steel Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Mah. Seamless for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Mah. Seamless
-11.28%
-0.48
23.51%
Sensex
-2.63%
-0.19
13.57%
Quality key factors
Factor
Value
Sales Growth (5y)
15.16%
EBIT Growth (5y)
10.67%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0.54
Net Debt to Equity (avg)
-0.53
Sales to Capital Employed (avg)
0.91
Tax Ratio
25.38%
Dividend Payout Ratio
17.23%
Pledged Shares
0
Institutional Holding
13.55%
ROCE (avg)
18.27%
ROE (avg)
14.68%
Valuation Key Factors 
Factor
Value
P/E Ratio
11
Industry P/E
25
Price to Book Value
1.14
EV to EBIT
7.25
EV to EBITDA
6.08
EV to Capital Employed
1.29
EV to Sales
0.89
PEG Ratio
NA
Dividend Yield
1.72%
ROCE (Latest)
17.79%
ROE (Latest)
10.23%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
4What is working for the Company
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 79.22 cr
PAT(Q)
Highest at Rs 266.40 cr.
EPS(Q)
Highest at Rs 19.88
-5What is not working for the Company
PAT(Latest six months)
At Rs 371.30 cr has Grown at -21.40%
ROCE(HY)
Lowest at 13.72%
NON-OPERATING INCOME(Q)
is 54.10 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Mah. Seamless
Profit After Tax (PAT) - Quarterly
Highest at Rs 266.40 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 19.88
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 79.22 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for Mah. Seamless
Non Operating Income - Quarterly
is 54.10 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT






