Maharashtra Seamless Limited (IN:MAHSEAMLES)
:MAHSEAMLES
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Maharashtra Seamless Limited
(MAHSEAMLES)
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Rating:68Neutral
Price Target:
₹560.00
▲(0.21% 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 and low leverage
A high equity ratio and minimal debt provide durable financial resilience in cyclical steel and oilfield markets. Low leverage reduces refinancing risk, preserves flexibility for capex or downturns, and supports consistent investment in operations and customer contracts over months.
Negative Factors
Recent revenue decline
A near-term revenue decline suggests weakening demand or lost volumes in key end markets. Persistent top-line contraction can erode scale economies, pressure margins and cash conversion, and slow recovery unless end-market demand or contract wins improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and low leverage
A high equity ratio and minimal debt provide durable financial resilience in cyclical steel and oilfield markets. Low leverage reduces refinancing risk, preserves flexibility for capex or downturns, and supports consistent investment in operations and customer contracts over months.
Read all positive factors
Maharashtra Seamless Limited (MAHSEAMLES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹81.73B
Dividend Yield1.82%
Average Volume (3M)13.74K
Price to Earnings (P/E)7.7
Beta (1Y)1.23
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 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 compan...
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
547.41
Positive
551.65
Positive
599.14
Positive
Market Momentum
13.92
Negative
66.96
Neutral
92.28
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 566.59, above the 50-day MA of 547.41, and below the 200-day MA of 599.14, indicating a bullish trend. The MACD of 13.92 indicates Negative momentum. The RSI at 66.96 is Neutral, neither overbought nor oversold. The STOCH value of 92.28 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 | ₹32.85B | 13.17 | ― | ― | 10.26% | 46.49% | |
69 Neutral | ₹127.97B | 10.37 | ― | 1.18% | -13.69% | -30.57% | |
68 Neutral | ₹81.73B | 7.74 | ― | 1.82% | 0.81% | -7.11% | |
64 Neutral | ₹30.31B | 22.96 | ― | 0.39% | 19.75% | 13.42% | |
62 Neutral | ₹22.46B | 20.43 | ― | 1.03% | -1.47% | -15.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹23.31B | 23.46 | ― | 0.08% | 17.45% | -7.82% |
* Basic Materials Sector Average
IN:MAHSEAMLES
Maharashtra Seamless Limited
610.00
-12.94
-2.08%
IN:JINDALSAW
Jindal Saw Limited
200.10
-42.50
-17.52%
IN:MANINDS
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437.90
174.90
66.50%
IN:RAMRAT
Ram Ratna Wires Limited
324.65
73.05
29.03%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,125.15
-46.01
-3.93%
IN:VSSL
Vardhman Special Steels Limited
232.35
34.54
17.46%
Maharashtra Seamless Limited Corporate Events
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 ...
Maharashtra Seamless to Shut Trading Window Ahead of December Quarter Results
Dec 23, 2025
Maharashtra Seamless Limited has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026, in line with its internal code of conduct and the SEBI (Prohibition of Insider Trading) Regulati...
Maharashtra Seamless Limited’s ‘Jindal Explorer’ Rig Commences Operations with ONGC
Nov 16, 2025
Maharashtra Seamless Limited has announced that its jack-up rig, ‘Jindal Explorer,’ has begun operations under a three-year charter hire agreement with Jindal Drilling Industries Limited, working with Oil Natural Gas Corporation Limi...
Maharashtra Seamless Releases Earnings Call Recording
Nov 5, 2025
Maharashtra Seamless Limited announced the availability of an audio recording of their recent earnings conference call, which is accessible through their website. This move reflects the company’s commitment to transparency and keeping stakeh...
Maharashtra Seamless Limited Publishes Financial Results for September 2025
Nov 5, 2025
Maharashtra Seamless Limited has published its unaudited financial results for the quarter and half year ending September 30, 2025. These results have been made available in newspapers such as Business Standard, Free Press Journal, and Navshakti. ...
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.