Maharashtra Seamless Limited (MAHSEAMLES) AI Stock Analysis

• Market Cap: ₹80.83B
• Dividend Yield: 1.66%
• Average Volume (3M): 12.03K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 1.29
• Revenue Growth: -1.30%
• EPS Growth: 0.51%
• Country: IN
• Employees: 1,691
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 17.19
• Shares Outstanding: 133,991,650
• 10 Day Avg. Volume: 16,613
• 30 Day Avg. Volume: 12,025
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹718.00
• Price Target Upside: 17.56% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹718.00 ▲(17.56% Upside)

Maharashtra Seamless Limited's overall stock score is primarily driven by its solid financial performance, characterized by strong profitability and a robust balance sheet. However, technical indicators suggest bearish momentum, which weighs down the score. The valuation is reasonable, with a low P/E ratio indicating potential undervaluation, but the dividend yield is modest.

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 makes money primarily through the manufacturing and sale of its steel pipes and tubes. Its key revenue streams include the sale of seamless pipes, which are extensively used in the oil and gas industry due to their high-pressure resistance and durability, and ERW pipes, which are used in various industrial applications. The company also generates revenue from the export of its products to international markets, leveraging its reputation for quality and reliability. Additionally, Maharashtra Seamless Limited benefits from strategic partnerships with major oil and gas companies, as well as contracts with infrastructure and construction firms, which provide steady demand for its products. The company's earnings are further supported by its ability to maintain cost efficiency in production and its focus on technological advancements to enhance product offerings.

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	50.66B	52.69B	54.04B	57.13B	42.11B	23.08B
Gross Profit	17.17B	17.28B	20.56B	19.87B	7.21B	5.61B
EBITDA	11.04B	11.15B	13.64B	11.29B	7.23B	3.76B
Net Income	7.53B	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	16.35B	22.47B	12.27B	6.75B	2.78B	3.48B
Total Debt	0.00	1.00M	400.00K	2.44B	7.09B	9.22B
Total Liabilities	-59.46B	6.93B	8.57B	10.85B	16.91B	20.57B
Stockholders Equity	59.46B	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: Negative
• Last Price: 610.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHSEAMLES, the sentiment is Negative. The current price of 610.75 is below the 20-day moving average (MA) of 632.76, below the 50-day MA of 660.64, and below the 200-day MA of 669.61, indicating a bearish trend. The MACD of -14.71 indicates Positive momentum. The RSI at 35.74 is Neutral, neither overbought nor oversold. The STOCH value of 13.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAHSEAMLES.

Maharashtra Seamless Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JINDALSAW	76 Outperform	139.03B	7.97	15.23%	0.92%	-7.04%	-7.16%
MANINDS	72 Outperform	32.75B	17.59	9.53%	―	2.59%	33.99%
VENUSPIPES	68 Neutral	28.34B	32.04	17.48%	0.07%	15.31%	-6.80%
VSSL	68 Neutral	26.41B	25.84	11.67%	1.09%	6.99%	-12.58%
MAHSEAMLES	65 Neutral	₹80.83B	9.17	―	1.66%	-1.30%	0.51%
RAMRAT	54 Neutral	29.67B	43.84	13.67%	0.39%	19.59%	13.81%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%