Maharashtra Seamless Limited (MAHSEAMLES) AI Stock Analysis

• Market Cap: ₹76.83B
• Dividend Yield: 1.7%
• Average Volume (3M): 13.74K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 1.38
• Revenue Growth: 0.81%
• EPS Growth: -7.11%
• Country: IN
• Employees: 1,691
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 9.35
• Shares Outstanding: 133,991,650
• 10 Day Avg. Volume: 11,575
• 30 Day Avg. Volume: 13,740
• PEG Ratio: -0.69
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 1.87
• P/FCF Ratio: 14.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹637.00 ▲(8.23% Upside)

Maharashtra Seamless Limited's overall stock score is driven by its strong financial performance and attractive valuation, suggesting potential undervaluation. However, technical analysis indicates bearish momentum, which tempers the overall score.

Positive Factors

Strong Financial Health

Maharashtra Seamless Limited's strong equity base and low debt levels provide financial stability, ensuring resilience against market fluctuations and enabling strategic investments.

Operational Efficiency

High EBIT and EBITDA margins reflect operational efficiency, allowing the company to maintain profitability even in challenging market conditions, supporting long-term sustainability.

Positive Cash Flow

Consistent positive free cash flow indicates strong cash generation ability, providing the company with the flexibility to reinvest in growth opportunities and manage debt effectively.

Negative Factors

Decline in Revenue Growth

A decline in revenue growth can hinder the company's ability to expand and compete, potentially impacting long-term market position and profitability if not addressed.

Moderated Cash Flow Growth

Slowing cash flow growth may limit the company's ability to fund new projects or respond to market changes, which could affect future expansion and operational flexibility.

Revenue Growth Trend

Negative revenue growth trend suggests challenges in maintaining sales momentum, which could pressure margins and necessitate strategic adjustments to regain growth.

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 country tubular goods (OCTG) pipes, such as casing tubing and drill pipes, coupling stocks, etc.; and hot finished pipes and tubes, and cold drawn and boiler tubes. It also provides coated pipes, including 3 layer polyethylene coated pipes, fusion bonded epoxy coated pipes, 3 layer polypropylene coated pipes, and internal epoxy coating pipes, as well as connections and pipe fittings. In addition, the company operates a rig, and 5 MW solar power plant in Rajasthan, as well as 7 MW wind power project in Maharashtra. Its products are used in the oil and gas, hydrocarbon process, bearing industry, automotive, boiler, heat exchanger, plumbing and firefighting, structural, general engineering, railways, sewage and water well, and hydraulic cylinder sectors. The company was incorporated in 1988 and is headquartered in New Delhi, India.

How the Company Makes Money

Maharashtra Seamless Limited generates revenue primarily through the sale of seamless pipes and tubes, which are in high demand across various sectors, including oil and gas exploration, power generation, and infrastructure development. The company benefits from multiple revenue streams, including direct sales to end-users, contracts with large industrial clients, and exports to international markets. MAHSEAMLES also engages in strategic partnerships with key industry players to enhance its market presence and expand its product offerings. Additionally, fluctuations in global commodity prices and demand for seamless products can significantly impact the company’s earnings, as they directly influence sales volume and pricing strategies.

Maharashtra Seamless Limited Financial Statement Overview

Summary

Maharashtra Seamless Limited demonstrates solid financial health with strong profitability and operational efficiency. The balance sheet shows minimal leverage and robust equity, while cash flows are generally positive, although growth rates have moderated recently.

Income Statement

Maharashtra Seamless Limited shows a solid gross profit margin and consistent net profit margins over the years. However, there is a noticeable decline in revenue and profit growth in the latest period, which affects overall performance. EBIT and EBITDA margins are robust, indicating efficient operations.

Balance Sheet

The company maintains a strong equity base with a high equity ratio, indicating stability, and minimal debt levels, resulting in a very low debt-to-equity ratio. Return on equity is strong, reflecting effective use of equity capital.

Cash Flow

The cash flow statement reveals positive free cash flow and a healthy operating cash flow to net income ratio, though the free cash flow growth has recently slowed. The company has managed its capital expenditures prudently.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	52.63B	52.69B	54.04B	57.13B	42.11B	23.08B
Gross Profit	18.52B	17.28B	20.56B	19.87B	7.21B	4.31B
EBITDA	12.48B	11.15B	13.64B	11.29B	6.89B	3.76B
Net Income	8.79B	7.77B	9.51B	7.65B	6.92B	980.38M
Balance Sheet
Total Assets	0.00	70.33B	65.88B	58.59B	53.88B	53.56B
Cash, Cash Equivalents and Short-Term Investments	22.84B	22.47B	12.27B	6.75B	2.78B	2.40B
Total Debt	0.00	1.00M	400.00K	2.44B	7.09B	9.22B
Total Liabilities	-63.40B	6.93B	8.57B	10.85B	14.04B	20.57B
Stockholders Equity	63.40B	63.40B	57.31B	47.74B	39.84B	32.99B
Cash Flow
Free Cash Flow	0.00	6.59B	10.09B	8.98B	-2.95B	4.27B
Operating Cash Flow	0.00	6.82B	10.41B	9.17B	-2.87B	4.47B
Investing Cash Flow	0.00	-5.60B	-7.22B	-3.82B	5.65B	-1.78B
Financing Cash Flow	0.00	-1.35B	-3.20B	-5.42B	-2.91B	-2.85B

Maharashtra Seamless Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 588.55
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 588.55 is above the 20-day moving average (MA) of 567.40, above the 50-day MA of 581.44, and below the 200-day MA of 647.02, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 59.88 is Neutral, neither overbought nor oversold. The STOCH value of 72.29 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VSSL	75 Outperform	₹28.50B	26.61	―	1.07%	-1.47%	-15.20%
MANINDS	74 Outperform	₹29.53B	15.86	―	―	10.26%	46.49%
VENUSPIPES	70 Outperform	₹25.99B	28.74	―	0.08%	17.45%	-7.82%
MAHSEAMLES	68 Neutral	₹76.83B	8.75	―	1.70%	0.81%	-7.11%
JINDALSAW	68 Neutral	₹109.00B	7.91	―	1.20%	-13.69%	-30.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RAMRAT	60 Neutral	₹29.16B	42.66	―	0.41%	19.75%	13.42%

Maharashtra Seamless Limited Corporate Events

Maharashtra Seamless Limited Announces Virtual Investor Meeting

Maharashtra Seamless Limited has announced an upcoming virtual investor meeting scheduled for September 23, 2025, organized by Arihant Capital Market Ltd. at the Bharat Connect Conference Rising Stars. The meeting aims to engage with various investors, although no unpublished price-sensitive information will be shared, ensuring compliance with regulatory requirements.

Maharashtra Seamless Limited Announces AGM Voting Results

Maharashtra Seamless Limited has disclosed the voting results from its 37th Annual General Meeting, which was conducted via video conferencing. The shareholders approved the resolutions, including the adoption of the audited financial statements for the year ending March 31, 2025. The results indicate strong shareholder support, with a significant majority voting in favor of the resolutions, which suggests continued confidence in the company’s governance and strategic direction.

Maharashtra Seamless Schedules Investor Meeting in Mumbai

Maharashtra Seamless Limited has announced an upcoming investor meeting scheduled for August 25, 2025, organized by Nuvama Institutional Equities in Mumbai. This meeting aims to facilitate one-on-one and group interactions with various investors, although no unpublished price-sensitive information will be disclosed, indicating a transparent approach to investor relations.