Maharashtra Seamless Limited (IN:MAHSEAMLES)
:MAHSEAMLES
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Maharashtra Seamless Limited
(MAHSEAMLES)
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Rating:68Neutral
Price Target:
₹686.00
▲(22.75% Upside)
Action:ReiteratedDate:10/23/25
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 balance sheet
A high equity base and minimal leverage support financial resilience across cycles. This balance-sheet strength provides durable capacity to fund working capital, selective capex, and withstand downturns in steel and OCTG demand without forcing asset sales or heavy refinancing.
Negative Factors
Recent revenue decline
A falling top line signals weakening demand or pricing pressure for seamless pipes. In a capital‑intensive steel business, sustained revenue declines reduce capacity utilisation, raise per‑unit fixed costs and can erode margins and ROI over multiple quarters if end‑market recovery lags.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A high equity base and minimal leverage support financial resilience across cycles. This balance-sheet strength provides durable capacity to fund working capital, selective capex, and withstand downturns in steel and OCTG demand without forcing asset sales or heavy refinancing.
Read all positive factors
Maharashtra Seamless Limited (MAHSEAMLES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹84.33B
Dividend Yield1.82%
Average Volume (3M)13.74K
Price to Earnings (P/E)7.7
Beta (1Y)1.21
Revenue Growth0.81%
EPS Growth-7.11%
CountryIN
Employees1,691
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)18.12
Shares Outstanding133,991,650
10 Day Avg. Volume11,575
30 Day Avg. Volume13,740
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)1.55
Price to Sales (P/S)1.87
P/FCF Ratio14.95
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)74.7
Revenue Forecast (FY)₹59.32B
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 mainly by manufacturing and selling steel pipes and tubes. Its core revenue stream is the sale of seamless pipes—particularly oil-country tubular goods (OCTG) such as casing and tubing—used in drilling and producti...
Maharashtra Seamless Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.30B | 52.69B | 54.04B | 57.13B | 42.11B | 23.08B |
| Gross Profit | 17.27B | 17.28B | 20.56B | 19.87B | 7.21B | 4.31B |
| EBITDA | 11.29B | 11.15B | 13.64B | 11.29B | 6.89B | 3.76B |
| Net Income | 7.84B | 7.77B | 9.51B | 7.65B | 6.92B | 980.38M |
Balance Sheet | ||||||
| Total Assets | 73.21B | 70.33B | 65.88B | 58.59B | 53.88B | 53.56B |
| Cash, Cash Equivalents and Short-Term Investments | 27.57B | 22.47B | 12.27B | 6.75B | 2.78B | 2.40B |
| Total Debt | 99.00M | 1.00M | 400.00K | 2.44B | 7.09B | 9.22B |
| Total Liabilities | 7.58B | 6.93B | 8.57B | 10.85B | 14.04B | 20.57B |
| Stockholders Equity | 65.64B | 63.40B | 57.31B | 47.74B | 39.84B | 32.99B |
Cash Flow | ||||||
| Free Cash Flow | 3.94B | 6.59B | 10.09B | 8.98B | -2.95B | 4.27B |
| Operating Cash Flow | 4.31B | 6.82B | 10.41B | 9.17B | -2.87B | 4.47B |
| Investing Cash Flow | -3.14B | -5.60B | -7.22B | -3.82B | 5.65B | -1.78B |
| Financing Cash Flow | -1.25B | -1.35B | -3.20B | -5.42B | -2.91B | -2.85B |
Maharashtra Seamless Limited Technical Analysis
Positive
558.85
Price Trends
554.00
Positive
553.47
Positive
598.41
Positive
Market Momentum
18.77
Negative
71.29
Negative
94.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHSEAMLES, the sentiment is Positive. The current price of 558.85 is below the 20-day moving average (MA) of 577.37, above the 50-day MA of 554.00, and below the 200-day MA of 598.41, indicating a bullish trend. The MACD of 18.77 indicates Negative momentum. The RSI at 71.29 is Negative, neither overbought nor oversold. The STOCH value of 94.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹34.94B | 13.17 | ― | ― | 10.26% | 46.49% | |
69 Neutral | ₹131.20B | 10.37 | ― | 1.18% | -13.69% | -30.57% | |
68 Neutral | ₹84.33B | 7.74 | ― | 1.82% | 0.81% | -7.11% | |
64 Neutral | ₹31.14B | 22.96 | ― | 0.39% | 19.75% | 13.42% | |
62 Neutral | ₹24.32B | 20.43 | ― | 1.03% | -1.47% | -15.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹25.53B | 23.46 | ― | 0.08% | 17.45% | -7.82% |
* Basic Materials Sector Average
IN:MAHSEAMLES
Maharashtra Seamless Limited
629.35
-40.54
-6.05%
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Maharashtra Seamless Limited Corporate Events
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. ...
Maharashtra Seamless uploads Q3 FY26 earnings call recording for investors
Jan 29, 2026
Maharashtra Seamless Limited has notified the stock exchanges that it has made available an audio recording of its 29 January 2026 conference call, which covered its third-quarter FY26 earnings. The company has shared a web link where investors an...
Maharashtra Seamless Sets Q3 FY26 Earnings Call for January 29
Jan 26, 2026
Maharashtra Seamless Limited has announced that its management will host an earnings conference call to discuss the company’s financial results for the third quarter of FY26 on 29 January 2026 at 4:00 p.m. IST. Organized by ICICI Securities ...
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.