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Maharashtra Seamless Limited
(MAHSEAMLES)
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Rating:80Outperform
Price Target:
₹803.00
▲(40.47% Upside)
Action:Reiterated
Date:08/25/26
The score is driven primarily by strong financial quality—especially the near-zero leverage balance sheet and healthy cash generation—partly offset by recent revenue decline and margin compression typical of a weakening steel cycle. Technicals are supportive with price above key moving averages and positive MACD, while valuation is reasonable (P/E ~11.5) with a modest dividend yield.
Positive Factors
Near-zero leverage
The near-zero debt burden materially reduces solvency and refinancing risk, while expanding equity and assets provide financial flexibility. This conservative structure can help Maharashtra Seamless withstand steel-cycle downturns and preserve capacity for operating needs or future investment.
Negative Factors
Revenue contraction
The decline in revenue signals weaker demand, pricing, volumes, or product mix across the company’s industrial end markets. Sustained top-line contraction could reduce operating leverage and make future earnings increasingly dependent on cost control rather than business expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-zero leverage
The near-zero debt burden materially reduces solvency and refinancing risk, while expanding equity and assets provide financial flexibility. This conservative structure can help Maharashtra Seamless withstand steel-cycle downturns and preserve capacity for operating needs or future investment.
Read all positive factors
Maharashtra Seamless Limited (MAHSEAMLES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹98.89B
Dividend Yield1.43%
Average Volume (3M)21.93K
Price to Earnings (P/E)12.7
Beta (1Y)1.08
Revenue Growth-12.21%
EPS Growth-16.07%
CountryIN
Employees1,691
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)55.02
Shares Outstanding133,991,650
10 Day Avg. Volume15,773
30 Day Avg. Volume21,926
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 (MSL) is an Indian enterprise specializing in the production and distribution of seamless steel pipe and tube products. Its operations are divided into three core divisions: Steel Pipes & Tubes, Power Generation, and R...
How the Company Makes Money
Maharashtra Seamless makes money primarily by manufacturing and selling steel pipes and tubular products. Its core revenue stream comes from (1) sales of seamless pipes/tubes used in demanding applications (commonly including oil & gas exploration...
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 | 46.20B | 46.74B | 52.69B | 54.04B | 57.13B | 42.11B |
| Gross Profit | 14.75B | 14.55B | 17.28B | 20.56B | 19.87B | 7.21B |
| EBITDA | 9.17B | 10.52B | 11.15B | 13.64B | 11.29B | 6.89B |
| Net Income | 7.37B | 7.01B | 7.77B | 9.51B | 7.65B | 6.92B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 77.39B | 70.33B | 65.88B | 58.59B | 53.88B |
| Cash, Cash Equivalents and Short-Term Investments | 36.79B | 36.79B | 22.47B | 12.27B | 6.75B | 2.78B |
| Total Debt | 0.00 | 133.60M | 1.00M | 400.00K | 2.44B | 7.09B |
| Total Liabilities | -68.76B | 8.63B | 6.93B | 8.57B | 10.85B | 14.04B |
| Stockholders Equity | 68.76B | 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
Positive
571.65
Price Trends
641.08
Positive
623.56
Positive
590.98
Positive
Market Momentum
20.51
Positive
53.66
Neutral
48.91
Neutral
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 571.65 is below the 20-day moving average (MA) of 703.43, below the 50-day MA of 641.08, and below the 200-day MA of 590.98, indicating a neutral trend. The MACD of 20.51 indicates Positive momentum. The RSI at 53.66 is Neutral, neither overbought nor oversold. The STOCH value of 48.91 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹98.89B | 12.70 | ― | 1.43% | -12.21% | -16.07% | |
76 Outperform | ₹605.59B | 47.80 | ― | 0.40% | 9.64% | 53.35% | |
68 Neutral | ₹716.35B | 29.75 | ― | 0.19% | 20.21% | 14.36% | |
68 Neutral | ₹177.85B | 26.40 | ― | 0.74% | -8.57% | -62.05% | |
66 Neutral | ₹48.08B | 15.41 | ― | 2.27% | 11.69% | 8.23% | |
65 Neutral | ₹190.77B | 42.41 | ― | 0.38% | -16.30% | -24.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MAHSEAMLES
Maharashtra Seamless Limited
698.45
107.01
18.09%
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IN:JINDALSAW
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IN:RATNAMANI
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2,617.70
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IN:WELCORP
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Maharashtra Seamless Limited Corporate Events
Maharashtra Seamless Publishes Q1 FY27 Unaudited Results in Newspapers
Aug 10, 2026
Maharashtra Seamless Limited has published its unaudited financial results for the quarter ended June 30, 2026 in leading newspapers in English and Marathi, in line with SEBI listing obligations and disclosure norms. The company has notified both ...
Maharashtra Seamless Schedules Q1 FY27 Earnings Call
Aug 5, 2026
Maharashtra Seamless Limited has scheduled an earnings conference call to discuss its financial results for the first quarter of FY27 with investors and analysts. The virtual call, organized by ICICI Securities, will take place on August 8, 2026, ...
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.