Maharashtra Seamless Ltd.

NSE: MAHSEAMLES · Iron & Steel Products

52W Range₹501 ₹739

Snapshot

Unlock Maharashtra Seamless Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Maharashtra Seamless Limited is a prominent manufacturer of seamless steel pipes and tubes, catering to diverse sectors including oil and gas, automotive, and infrastructure. The company also maintains diversified operations in power generation through solar and wind energy assets and rig services.

Business Model

The company generates revenue primarily through the manufacturing and sale of high-quality steel pipes, tubes, and specialized pipe coatings. It further supplements its income through the operation of power plants and the provision of rig services.

  • Solar Power Capacity:5 MW
  • Wind Power Capacity:7 MW

Growth Outlook

Growth is driven by sustained demand from the oil and gas sector and infrastructure development projects requiring specialized piping solutions. The company continues to leverage its technical expertise in hot finished and cold drawn tubes to maintain market competitiveness.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact the company's operating margins.
  • Cyclicality of Oil and Gas Sector. The company's performance is heavily dependent on capital expenditure cycles within the global oil and gas industry.
  • Regulatory and Environmental Risks. Changes in environmental regulations regarding steel manufacturing and power generation could lead to increased compliance costs.
  • Competitive Intensity. The seamless pipe market faces intense competition from both domestic and international manufacturers, potentially pressuring pricing power.

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Key Metrics

REVENUE

₹4,620 Cr

TTM · consolidated

-12.2%YoY

NET PROFIT

₹737 Cr

TTM · consolidated

-16.1%YoY

EPS

₹55.02

TTM · consolidated

-16.1%YoY

RETURN ON EQUITY

11.2%

TTM · consolidated

-2.7 ppYoY

RETURN ON CAPITAL EMPLOYED

13.9%

TTM · consolidated

-3.1 ppYoY

P/E

12.5x

Q1 FY27 · consolidated

12.5 vs 11.4x5Y avg

EV/EBITDA

8.3x

Q1 FY27 · consolidated

8.3 vs 9.7x5Y avg

EBITDA MARGIN

23.8%

TTM · consolidated

-0.1 ppYoY

NET PROFIT MARGIN

24.4%

Q1 FY27 · consolidated

+4.3 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.00xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Maharashtra Seamless Ltd.MAHSEAMLES
₹9,220 Cr12.518.34-12.2%23.8%11.2%13.9%+6.4%
Jayaswal Neco Industries LimitedJAYNECOIND
₹8,646 Cr15.337.4322.2%18.8%21.6%24.6%+50.2%
Technocraft Industries (India) LimitedTIIL
₹7,243 Cr21.3312.4012.4%21.7%18.4%23.3%+29.0%
Aeroflex Industries LimitedAEROFLEX
₹7,112 Cr104.1659.4435.6%23.7%17.0%22.9%+205.2%
Shivalik Bimetal Controls LimitedSBCL
₹6,458 Cr60.8641.8918.8%25.2%23.9%29.9%+120.6%
Sunflag Iron and Steel Company LimitedSUNFLAG
₹6,194 Cr30.6113.1511.1%12.6%2.3%3.7%+28.2%

As of Q1 FY27

Financials