Maharashtra Seamless Limited (IN:MAHSEAMLES)
:MAHSEAMLES
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Maharashtra Seamless Limited
(MAHSEAMLES)
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Rating:77Outperform
Price Target:
₹721.00
▲(29.01% Upside)
Action:Upgraded
Date:05/25/26
The score is driven primarily by strong financial resilience—especially the near-zero-debt balance sheet and healthy free cash flow—partly offset by recent revenue decline and margin compression. Technicals are neutral-to-mixed, while valuation is reasonable with a modest dividend yield.
Positive Factors
Conservative balance sheet
Near-zero leverage gives the company durable financial flexibility: it can fund capex, absorb downturns, access credit cheaply, and pursue opportunistic investments without refinancing stress. This materially reduces solvency risk and preserves strategic optionality across cycles.
Negative Factors
Revenue decline & margin compression
A ~9% top-line decline and sharp EBITDA margin erosion show the business’ earnings are vulnerable to weaker pricing and rising costs. Margin compression reduces cash flow sensitivity and the cushion for capital allocation, making profitability less durable in a cyclical steel market.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero leverage gives the company durable financial flexibility: it can fund capex, absorb downturns, access credit cheaply, and pursue opportunistic investments without refinancing stress. This materially reduces solvency risk and preserves strategic optionality across cycles.
Read all positive factors
Maharashtra Seamless Limited (MAHSEAMLES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹85.14B
Dividend Yield1.82%
Average Volume (3M)13.74K
Price to Earnings (P/E)10.7
Beta (1Y)1.14
Revenue Growth-11.28%
EPS Growth-9.81%
CountryIN
Employees1,691
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)58.50
Shares Outstanding133,991,650
10 Day Avg. Volume11,575
30 Day Avg. Volume13,740
Financial Highlights & Ratios
PEG Ratio-1.09
Price to Book (P/B)1.09
Price to Sales (P/S)1.61
P/FCF Ratio9.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)36.9
Revenue Forecast (FY)₹47.49B
Maharashtra Seamless Limited Business Overview & Revenue Model
Company Description
Maharashtra Seamless Limited manufactures and sells seamless steel pipes and tubes in India. It operates in three segments: Steel Pipes & Tubes, Power Electricity, and RIG. The company offers mild steel and galvanized pipes; API line pipes; oil ...
How the Company Makes Money
Maharashtra Seamless makes money primarily by manufacturing and selling steel pipes—especially seamless pipes—into domestic and export markets. Its main revenue stream is product sales where customers (including industrial end-users and project co...
Maharashtra Seamless Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
95
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.30B | 46.74B | 52.69B | 54.04B | 57.13B | 42.11B |
| Gross Profit | 17.27B | 14.55B | 17.28B | 20.56B | 19.87B | 7.21B |
| EBITDA | 11.29B | 6.81B | 11.15B | 13.64B | 11.29B | 6.89B |
| Net Income | 7.84B | 7.01B | 7.77B | 9.51B | 7.65B | 6.92B |
Balance Sheet | ||||||
| Total Assets | 73.21B | 77.39B | 70.33B | 65.88B | 58.59B | 53.88B |
| Cash, Cash Equivalents and Short-Term Investments | 27.57B | 36.79B | 22.47B | 12.27B | 6.75B | 2.78B |
| Total Debt | 99.00M | 133.60M | 1.00M | 400.00K | 2.44B | 7.09B |
| Total Liabilities | 7.58B | 8.63B | 6.93B | 8.57B | 10.85B | 14.04B |
| Stockholders Equity | 65.64B | 68.76B | 63.40B | 57.31B | 47.74B | 39.84B |
Cash Flow | ||||||
| Free Cash Flow | 3.94B | 8.14B | 6.59B | 10.09B | 8.98B | -2.95B |
| Operating Cash Flow | 4.31B | 9.84B | 6.82B | 10.41B | 9.17B | -2.87B |
| Investing Cash Flow | -3.14B | -8.28B | -5.60B | -7.22B | -3.82B | 5.65B |
| Financing Cash Flow | -1.25B | -1.21B | -1.35B | -3.20B | -5.42B | -2.91B |
Maharashtra Seamless Limited Technical Analysis
Neutral
558.85
Price Trends
611.83
Positive
574.40
Positive
589.48
Positive
Market Momentum
5.93
Positive
50.96
Neutral
37.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHSEAMLES, the sentiment is Neutral. The current price of 558.85 is below the 20-day moving average (MA) of 643.00, below the 50-day MA of 611.83, and below the 200-day MA of 589.48, indicating a neutral trend. The MACD of 5.93 indicates Positive momentum. The RSI at 50.96 is Neutral, neither overbought nor oversold. The STOCH value of 37.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MAHSEAMLES.
Maharashtra Seamless Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹85.14B | 10.70 | ― | 1.82% | -11.28% | -9.81% | |
70 Outperform | ₹140.72B | 20.93 | ― | 1.18% | -14.08% | -44.02% | |
70 Outperform | ₹53.46B | 18.80 | ― | 2.03% | 2.07% | -0.98% | |
69 Neutral | ₹336.72B | 14.47 | ― | 0.61% | 19.98% | -15.82% | |
65 Neutral | ₹522.09B | 37.95 | ― | 0.31% | 8.56% | 58.85% | |
65 Neutral | ₹178.50B | 31.98 | ― | 0.60% | -13.35% | -11.28% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:MAHSEAMLES
Maharashtra Seamless Limited
635.40
-47.79
-7.00%
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Maharashtra Seamless Limited Corporate Events
Maharashtra Seamless Publishes Audited FY26 Results in Line with SEBI Norms
May 24, 2026
Maharashtra Seamless Limited has published its audited financial results for the quarter and full year ended 31 March 2026 in leading newspapers, in compliance with SEBI’s listing and disclosure regulations. By formally notifying exchanges a...
Maharashtra Seamless Warns Investors of Imminent Transfer of Unclaimed Shares to IEPF
May 11, 2026
Maharashtra Seamless Limited has notified shareholders that equity shares linked to dividends remaining unpaid or unclaimed for seven consecutive years are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority, in...
Maharashtra Seamless Warns Long-Inactive Investors of Imminent IEPF Share Transfer
May 7, 2026
Maharashtra Seamless Limited has notified the stock exchanges that it has sent individual notices to shareholders who have not claimed dividends for seven consecutive years, warning that their equity shares are liable to be transferred to the Inve...
Maharashtra Seamless Closes Trading Window Ahead of FY26 Results
Mar 25, 2026
Maharashtra Seamless Limited has notified the stock exchanges that its trading window for designated persons will be closed from April 1, 2026, in line with its internal code of conduct and SEBI’s Prohibition of Insider Trading Regulations. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.