MAHSEAMLES · NSE
Maharashtra Seamless Limited
₹717.55
-0.37% (-₹2.65)
Prev. close
₹720.2
Volume
1,77,765
Delivery %
43.2%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About Maharashtra Seamless Limited
Maharashtra Seamless Limited engages in the manufacture and sale of seamless steel pipes and tubes in India. The company operates through three segments: Steel Pipes & Tubes, Power Electricity, and RIG. It offers mild steel and galvanized pipes; API line pipes; oil country tubular goods (OCTG) pipes; and hot finished pipes and tubes, and cold drawn and boiler tubes. It also provides coated pipes, such aas 3 layer polyethylene coated pipes, fusion bonded epoxy coated pipes, 3 layer polypropylene coated pipes, and internal epoxy coating pipes. In addition, the company is involved in renewable power generation and rig operations. Further, the company operates 5MW solar power plant in Pokaran, District Jaisalmer Rajasthan and 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.
Details
Sector
Basic Materials
Industry
Steel
CEO
Mr. Saket Jindal B.B.A.
Headquarters
New Delhi
Employees
2,639
Website
jindal.com/mslExchange
View on NSE ↗Key stats
Market cap
₹9,615.12 Cr
P/E ratio (TTM)
13.0
Dividend yield
1.39%
EPS (TTM)
₹55.04
Beta (1Y · daily vs NIFTY 50)
0.79
Beta (5Y · monthly vs NIFTY 50)
0.74
Shares float
5.27 Cr
EPS · quarter ended Jun 2026
₹19.88
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based
05 · Capital Structure & Asset Utilization
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
07 · Debt Level & Coverage
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,308.34 Cr | ₹4,200.29 Cr | ₹5,716.37 Cr | ₹5,404.12 Cr | ₹5,268.67 Cr | ₹4,674.34 Cr | |
| EBITDA | ₹376.08 Cr | ₹723.06 Cr | ₹1,093.53 Cr | ₹1,341.02 Cr | ₹1,101.56 Cr | ₹1,050.24 Cr |
| ₹98.04 Cr | ₹380.21 Cr | ₹764.75 Cr | ₹951.30 Cr | ₹777.49 Cr | ₹701.27 Cr | |
| Diluted EPS | ₹7.32 | ₹28.38 | ₹57.07 | ₹70.99 | ₹58.02 | ₹52.33 |
Net income for Mar 2021 could not be independently verified against the company's own annual report: this page shows ₹98.04 Cr while the annual report gives ₹121.44 Cr (23.9% apart). That disagreement leaves the whole cross-check inconclusive, so Net income for Mar 2020 (the annual report alone gives ₹114.70 Cr) is left blank here too, rather than shown from only one of the two sources.
EBITDA for Mar 2021 could not be independently verified against the company's own annual report: this page shows ₹376.08 Cr while the annual report gives ₹552.81 Cr (47.0% apart). That disagreement leaves the whole cross-check inconclusive, so EBITDA for Mar 2020 (the annual report alone gives ₹590.51 Cr) is left blank here too, rather than shown from only one of the two sources.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹5,356.00 Cr | ₹5,388.00 Cr | ₹5,859.00 Cr | ₹6,583.00 Cr | ₹7,033.00 Cr | ₹7,739.00 Cr | |
| ₹921.55 Cr | ₹708.63 Cr | ₹244.19 Cr | ₹4.00 L | ₹10.00 L | ₹13.36 Cr | |
| Stockholders' equity | ₹3,299.00 Cr | ₹3,985.00 Cr | ₹4,774.00 Cr | ₹5,731.00 Cr | ₹6,340.00 Cr | ₹6,876.00 Cr |
Current assets, Cash & equivalents, Non-current assets, Others, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — the missing years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹446.72 Cr | ₹-282.94 Cr | ₹916.62 Cr | ₹1,041.66 Cr | ₹609.63 Cr | ₹933.24 Cr | |
| Investing cash flow | ₹-251.19 Cr | ₹489.45 Cr | ₹-381.95 Cr | ₹-721.62 Cr | ₹-485.28 Cr | ₹-774.81 Cr |
| ₹-210.16 Cr | ₹-219.71 Cr | ₹-542.25 Cr | ₹-319.63 Cr | ₹-137.10 Cr | ₹-122.74 Cr | |
| Capital expenditure | ₹-702.56 Cr | ₹-629.04 Cr | ₹-18.81 Cr | ₹-32.10 Cr | ₹-23.21 Cr | ₹-169.67 Cr |
| End cash position | — | — | ₹54.42 Cr | ₹54.82 Cr | ₹41.82 Cr | ₹76.70 Cr |
End cash position has filed figures for only some of the years shown — the missing years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Dec 22 | Dec 22 | Mar 23–Jun 23(2Q) | Sep 23–Dec 23(2Q) | Mar 24–Jun 24(2Q) | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26–Jun 26(2Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 63.82% | 64.90% | 67.00% | 67.08% | 67.25% | 67.60% | 67.63% | 67.80% | 67.86% | 68.00% | 68.04% | 68.07% | 68.86% | 68.87% | 69.05% | 69.81% | 70.28% |
| Public | 36.18% | 35.10% | 33.00% | 32.92% | 32.75% | 32.40% | 32.37% | 32.20% | 32.14% | 32.00% | 31.96% | 31.93% | 31.14% | 31.13% | 30.95% | 30.19% | 29.72% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Basic Materials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹3.17 L Cr | ₹11,014 | 36.9 | 4.13 | 10.7% | 0.31 | +16.6% | -12.8% |
| JSW Steel Limited | ₹3.06 L Cr | ₹1,275.6 | 12.4 | 3.06 | 22.3% | 1.19 | +9.3% | +13.8% |
| Hindustan Zinc Limited | ₹2.42 L Cr | ₹596 | 14.2 | 10.69 | 61.1% | 0.39 | +18.6% | +31.0% |
| Asian Paints Limited | ₹2.35 L Cr | ₹2,451.3 | 49.3 | 11.01 | 20.2% | 0.18 | +5.1% | -1.1% |
| Tata Steel Limited | ₹2.28 L Cr | ₹187.29 | 20.7 | 2.23 | 10.6% | 0.90 | +6.2% | +9.3% |
| Hindalco Industries Limited | ₹2.18 L Cr | ₹986.5 | 13.3 | 1.59 | 9.8% | 0.73 | +15.0% | +31.5% |
| Grasim Industries Limited | ₹2.15 L Cr | ₹3,209.2 | 37.9 | 2.08 | 4.8% | 2.20 | +18.2% | +11.5% |
| Solar Industries India Limited | ₹1.71 L Cr | ₹18,815 | 86.1 | 27.25 | 26.7% | 0.29 | +30.6% | +27.0% |
| Vedanta Aluminium Metal Limited | ₹1.60 L Cr | ₹416.5 | 42.1 | — | — | — | — | — |
| Pidilite Industries Limited | ₹1.58 L Cr | ₹1,572.1 | 59.8 | 14.58 | 22.6% | 0.04 | +11.1% | -48.5% |
| JINDAL STEEL LIMITED | ₹1.11 L Cr | ₹1,103 | 41.1 | 2.19 | 6.6% | 0.44 | +5.5% | +4.7% |
| Maharashtra Seamless Limited | ₹9,394.69 Cr | ₹692.95 | 12.7 | 1.37 | 10.2% | 0.00 | -11.8% | +10.1% |
Ranked by market cap within Basic Materials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Show all 11
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
15 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Maharashtra Seamless Limited Approves Dividend for the Financial Year Ended 31 March 2026
Maharashtra Seamless Limited approved a dividend for the financial year ending March 31, 2026. The India-based company manufactures steel pipes and tubes, operating in segments including Steel Pipes & Tubes, Power Electricity, and RIG. It also has diversified into renewable power generation and rig operations.