Maharashtra Seamless

₹792.8 -7.6 | 0.9%

WEBSITE BSE:500265 NSE : MAH.SEAMLESS 10 May, 16:01

Market Cap ₹10623 Cr.

Stock P/E 9.6

P/B 2

Current Price ₹792.8

Book Value ₹ 406.1

Face Value 5

52W High ₹1099.1

Dividend Yield 0.63%

52W Low ₹ 418.5

Edit Ratio

Maharashtra Seamless Research see more...

Overview Inc. Year: 1988Industry: Steel & Iron Products

Maharashtra Seamless Ltd is an India-based business enterprise, that is engaged in production metal pipes and tubes. The Company operates via segments: Steel Pipes & Tubes and Power - Electricity. It gives electric resistance welding (ERW) pipes, such as mild metallic (MS) and galvanized pipes and American Petroleum Institute (API) line pipes; seamless pipes, including hot completed pipes and tubes, cold drawn tubes and boiler tubes; covered pipes, including three layer polyethylene coating, fusion bonded epoxy coating, internal coating and three layer polypropylene, and pipe fittings. Its manufacturing plant has a capability to produce 150,000 tons/annum (TPA) of carbon and alloy steel hot finished and cold completed seamless pipes with length variety from 10.3millimeters (mm) to 177.8 mm. It has a seven megawatt wind power producing plant in Maharashtra and a five megawatt solar electricity plant in Rajasthan. The Company additionally owns a 20 megawatt solar energy undertaking in Rajasthan.

Maharashtra Seamless Share Price

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Maharashtra Seamless Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	951	1139	1428	1334	1414	1339	1633	1223	1535	1431
Other Income	32	22	26	18	22	18	27	33	30	35
Total Income	983	1162	1454	1353	1436	1357	1660	1256	1565	1466
Total Expenditure	810	970	1255	1108	1164	1092	1311	979	1203	1061
Operating Profit	173	192	200	245	271	264	349	277	362	405
Interest	11	12	12	11	13	9	6	7	1	1
Depreciation	34	34	35	35	34	35	34	34	26	26
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	129	146	153	199	225	220	309	236	336	378
Provision for Tax	27	32	-250	53	56	53	-72	21	81	98
Profit After Tax	102	113	403	146	168	167	381	215	255	280
Adjustments	-11	-19	-10	-7	-7	-8	-11	-9	-5	-4
Profit After Adjustments	91	95	393	140	161	160	370	207	250	276
Adjusted Earnings Per Share	6.8	7.1	29.3	10.4	12	11.9	27.6	15.4	18.7	20.6

Maharashtra Seamless Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1729	1209	1355	1019	1434	2150	3052	2645	2308	4211	5716	5822
Other Income	71	64	74	94	76	66	70	65	87	111	92	125
Total Income	1800	1273	1429	1112	1511	2216	3121	2710	2396	4322	5809	5947
Total Expenditure	1558	1119	1249	984	1209	1840	2384	2120	1843	3598	4679	4554
Operating Profit	242	154	180	128	301	376	737	591	553	723	1129	1393
Interest	7	6	20	26	34	42	39	64	56	45	38	15
Depreciation	38	37	31	71	71	76	80	88	121	138	138	120
Exceptional Income / Expenses	0	0	0	0	0	0	-210	-247	-177	0	0	0
Profit Before Tax	197	111	129	-1	196	292	433	161	173	511	924	1259
Provision for Tax	44	14	37	23	81	92	231	46	51	-180	156	128
Profit After Tax	152	97	92	-24	116	200	202	115	121	692	768	1131
Adjustments	-0	5	26	0	8	11	32	-31	-23	0	-3	-29
Profit After Adjustments	152	102	118	-24	123	211	234	84	98	692	765	1103
Adjusted Earnings Per Share	10.8	7.4	8.5	-1.8	9.2	15.7	17.5	6.3	7.3	51.6	57.1	82.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	36%	29%	22%	13%
Operating Profit CAGR	56%	24%	25%	17%
PAT CAGR	11%	88%	31%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	86%	72%	28%	21%
ROE Average	18%	13%	10%	7%
ROCE Average	20%	13%	11%	9%

Maharashtra Seamless Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2815	2799	2934	2646	2746	2930	3070	3205	3299	3984	4774
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	4	3	429	272	180	472	833	809	694	515	162
Other Non-Current Liabilities	128	123	121	265	262	277	289	262	313	104	380
Total Current Liabilities	295	363	541	502	668	361	602	964	1049	784	543
Total Liabilities	3241	3288	4026	3684	3856	4039	4795	5239	5356	5388	5859
Fixed Assets	1260	1231	1472	1121	1095	1235	1173	2364	2268	2135	2016
Other Non-Current Assets	412	370	1145	1127	1324	1339	1233	1055	939	605	636
Total Current Assets	1569	1688	1409	1436	1437	1466	2388	1820	2148	2647	3208
Total Assets	3241	3288	4026	3684	3856	4039	4795	5239	5356	5388	5859

Maharashtra Seamless Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	23	13	36	9	3	4	15	59	84	63	71
Cash Flow from Operating Activities	300	109	104	122	241	93	-183	748	447	-269	912
Cash Flow from Investing Activities	-309	-63	-627	55	-101	12	-156	-744	-178	554	-382
Cash Flow from Financing Activities	3	-26	527	-141	-133	-95	387	7	-285	-286	-542
Net Cash Inflow / Outflow	-6	19	5	37	7	10	49	11	-16	-1	-12
Closing Cash & Cash Equivalent	13	36	38	3	4	15	59	84	63	71	54

Maharashtra Seamless Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	10.81	7.43	8.54	-1.81	9.21	15.73	17.48	6.26	7.32	51.62	57.07
CEPS(Rs)	13.5	9.8	9.13	3.49	13.94	20.62	21.01	15.12	18.13	61.9	67.56
DPS(Rs)	6	6	5	2.5	5	6	6	2.5	3.5	5	5
Book NAV/Share(Rs)	155.6	162.56	168.56	152.63	160.15	218.66	229.11	239.16	245.88	297.03	355.96
Core EBITDA Margin(%)	9.31	6.87	7.25	3.08	14.27	14.22	21.89	19.86	20.16	14.54	18.14
EBIT Margin(%)	11.08	8.91	10.25	2.2	14.61	15.3	15.46	8.5	9.89	13.21	16.83
Pre Tax Margin(%)	10.67	8.48	8.86	-0.13	12.46	13.39	14.19	6.08	7.48	12.14	16.16
PAT Margin (%)	8.26	7.38	6.29	-2.18	7.35	9.17	6.62	4.34	5.26	16.43	13.43
Cash Profit Margin (%)	10.32	10.21	8.4	4.21	11.85	12.67	9.23	7.66	10.52	19.7	15.84
ROA(%)	4.72	2.96	2.5	-0.63	3.07	5.07	4.57	2.29	2.29	12.88	13.65
ROE(%)	7.11	4.38	4.09	-1.13	5.53	7.89	6.73	3.66	3.74	19.01	17.55
ROCE(%)	9.04	4.98	5.4	0.84	8.33	10.42	12.28	5.3	5.33	12.49	19.83
Receivable days	67.18	91.48	79.82	92.63	66.62	58.58	52.86	58.87	65.79	44.56	38.29
Inventory Days	122.21	132.19	115.94	162.1	113.85	83.14	76.6	105.79	137.16	104.36	93.88
Payable days	28.87	40.18	42.25	50.5	53.74	34.82	39.2	95.27	172.02	77.62	38.11
PER(x)	10.18	13.09	11.55	0	19.12	13.52	14.22	15.45	18.84	5.34	6.27
Price/Book(x)	0.71	0.6	0.59	0.47	1.1	0.97	1.08	0.4	0.56	0.93	1
Dividend Yield(%)	2.73	3.08	2.53	1.73	1.42	1.41	1.21	1.29	1.27	0.91	1.4
EV/Net Sales(x)	0.97	1.18	1.62	1.57	2.13	1.61	1.42	0.89	1.17	1.03	0.87
EV/Core EBITDA(x)	6.95	9.25	12.22	12.46	10.14	9.2	5.87	3.99	4.89	5.99	4.41
Net Sales Growth(%)	-24.82	-30.1	12.06	-24.8	40.79	49.92	41.93	-13.34	-12.72	82.42	35.75
EBIT Growth(%)	-54.26	-42.87	27.76	-83.55	838.44	44.98	41.37	-52.39	1.62	143.55	73
PAT Growth(%)	-50.57	-36.56	-5.33	-126.55	576.41	72.79	0.9	-43.2	5.88	469.52	10.98
EPS Growth(%)	-50.58	-31.22	14.91	-121.24	607.42	70.83	11.14	-64.19	16.89	605.57	10.56
Debt/Equity(x)	0.07	0.06	0.32	0.27	0.29	0.21	0.34	0.36	0.28	0.18	0.05
Current Ratio(x)	5.33	4.64	2.6	2.86	2.15	4.07	3.97	1.89	2.05	3.38	5.9
Quick Ratio(x)	3.58	3.45	1.7	1.87	1.43	2.65	2.69	1.1	1.12	1.55	3.13
Interest Cover(x)	27.32	20.97	7.38	0.94	6.79	8	12.14	3.51	4.1	12.39	25.1
Total Debt/Mcap(x)	0.09	0.1	0.59	0.59	0.27	0.22	0.32	0.88	0.5	0.19	0.05

Maharashtra Seamless Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	64.9	67	67.08	67.25	67.63	67.8	67.8	67.86	67.86	68
FII	1	1.15	1.28	2.67	3.08	2.84	5.96	7.99	10.5	11.97
DII	3.13	3.41	3.69	4	3.76	3.93	4.19	4.26	4.18	3.82
Public	30.96	28.44	27.95	26.07	25.53	25.43	22.06	19.89	17.45	16.22
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.35	4.49	4.49	4.51	9.06	9.08	9.08	9.09	9.09	9.11
FII	0.07	0.08	0.09	0.18	0.41	0.38	0.8	1.07	1.41	1.6
DII	0.21	0.23	0.25	0.27	0.5	0.53	0.56	0.57	0.56	0.51
Public	2.07	1.91	1.87	1.75	3.42	3.41	2.96	2.67	2.34	2.17
Others	0	0	0	0	0	0	0	0	0	0
Total	6.7	6.7	6.7	6.7	13.4	13.4	13.4	13.4	13.4	13.4

Pros

Company has delivered good profit growth of 30% CAGR over last 5 years
Debtor days have improved from 77.62 to 38.11days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Maharashtra Seamless

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Maharashtra Seamless Research see more...

Overview Inc. Year: 1988Industry: Steel & Iron Products

Maharashtra Seamless Share Price

Alert Data

Quarterly Price

Peer Comparison

Maharashtra Seamless Quarterly Results

Maharashtra Seamless Profit & Loss

Growth Rates

Maharashtra Seamless Balance Sheet

Maharashtra Seamless Cash Flow

Maharashtra Seamless Ratios

Maharashtra Seamless Shareholding Pattern

Maharashtra Seamless News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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