Maharashtra Seamless Limited
NSE: MAHSEAMLESMarket Closed • NSE
Day range
52 week range
Maharashtra Seamless Limited closed at INR585.40 (-1.9%) on volume 0.5x its 20-day average, trading 23.78% below its 52-week high.
2026-Q1
Q1 FY2026 Financial Results
PAT moved -57.7% QoQ
2026-09-01
DIVIDEND Announced
Dividend - Rs 10 Per Share
2025-08-14
DIVIDEND Announced
Dividend - Rs 10 Per Sh
Revenue and PAT bars use independent scales to make their year-on-year direction readable.
Complete reported financial history · Values use the company's reporting currency
Hover over the chart for exact reported values. Percentage lines use the right-hand axis.
A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.
Strengths
Low Debt Profile: Debt-to-Equity is comfortable at 0.19x
High Cash Flow Conversion: CFO/PAT averaged 1.06x over last 3 years
Attractive Valuation: P/E of 10.6x trades below sector historical averages
Risks
Subject to cyclical raw material and macro industry pressures
Bull case
Market Leadership: Established operational scale in Steel.
Bear case
Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.
Flip condition
Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.
Complete dividend, bonus, split, rights and other action history
| Record date | Corporate action | Information | Announcement date | Ex-date |
|---|---|---|---|---|
| 01 Sept 2026 | Dividend | ₹10.00 / share | — | 01 Sept 2026 |
| 14 Aug 2025 | Dividend | ₹10.00 / share | — | 14 Aug 2025 |
| 14 Aug 2024 | Dividend | ₹10.00 / share | — | 14 Aug 2024 |
| 14 Aug 2023 | Dividend | ₹5.00 / share | — | 14 Aug 2023 |
| 28 Nov 2022 | Bonus issue | 1:1 bonus ratio | — | 25 Nov 2022 |
| 08 Sept 2022 | Dividend | ₹5.00 / share | — | 07 Sept 2022 |
| 15 Sept 2021 | Dividend | ₹3.50 / share | — | 14 Sept 2021 |
| 15 Sept 2020 | Dividend | ₹2.50 / share | — | 14 Sept 2020 |
| 11 Sept 2019 | Dividend | ₹6.00 / share | — | 09 Sept 2019 |
| — | Dividend | ₹6.00 / share | — | 17 Sept 2018 |
| — | Dividend | ₹5.00 / share | — | 12 Sept 2017 |
| — | Dividend | ₹2.50 / share | — | 12 Sept 2016 |
| — | Dividend | ₹5.00 / share | — | 14 Aug 2015 |
Traded volume and delivery percentage across the latest 20 sessions
Compare valuation, latest quarterly performance and year-on-year growth
| Company name | Market cap ₹ Cr | P/E ratio | Dividend yield % | Quarterly sales ₹ Cr | Profit after tax ₹ Cr | Sales growth % | Profit growth % |
|---|---|---|---|---|---|---|---|
 UltraTech Cement LimitedULTRACEMCO Open analysis | ₹3.21L | 37.59 | 2.21% | ₹25,799.47 | ₹2,982.76 | +11.86% | +20.17% |
 JSW Steel LimitedJSWSTEEL Open analysis | ₹2.97L | 12.05 | 0.59% | ₹47,364.00 | ₹4,651.00 | +11.55% | +112.96% |
 Hindustan Zinc LimitedHINDZINC Open analysis | ₹2.28L | 13.37 | 2.07% | ₹13,687.00 | ₹5,425.00 | +77.22% | +146.14% |
 Asian Paints LimitedASIANPAINT Open analysis | ₹2.24L | 46.94 | 1.17% | ₹10,541.94 | ₹1,539.25 | +17.94% | +39.96% |
 Tata Steel LimitedTATASTEEL Open analysis | ₹2.19L | 19.83 | 2.27% | ₹60,794.00 | ₹2,385.00 | +14.32% | +18.83% |
 Hindalco Industries LimitedHINDALCO Open analysis | ₹2.02L | 12.32 | 0.56% | ₹84,825.00 | ₹7,013.00 | +32.06% | +75.15% |
 Grasim Industries LimitedGRASIM Open analysis | ₹1.98L | 34.82 | 0.35% | ₹11,794.71 | ₹246.65 | -70.60% | -82.61% |
 Solar Industries India LimitedSOLARINDS Open analysis | ₹1.81L | 90.93 | 0.06% | ₹3,668.00 | ₹666.00 | +70.29% | +88.67% |
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.
IndiaBasic Materials
Is Maharashtra Seamless Limited Shariah compliant?
Maharashtra Seamless Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.17%) complies with AAOIFI threshold (≤ 33%).
What is Maharashtra Seamless Limited's current valuation relative to peers?
Maharashtra Seamless Limited trades at a P/E of 10.6x compared to the sector median of 21.9x, and a Price-to-Book of 1.1x.
Is the company financially healthy?
The company has a Debt-to-Equity ratio of 0.19x. Interest coverage is 221.3x.
What are the historical revenue and profit growth rates?
Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.
Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.
Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.