Maharashtra Seamless

₹574.55As of Sun 8 Nov 2026, 12:00 UTC

NSE:MAHSEAMLESMaterials

Country India

PE (Fwd) 9.952

TSR 10Y CAGR 17.13%

Div yield 1.74%

ROE —

Steel

Beta (5Y) 0.18

PE TTM 10.98

TSR TTM 2.70%

Mkt cap ₹75.95B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

₹639

11.30%

(24.59%)

Price above Reference Value

FY23

FY24

FY25

FY26

Earnings per share₹

57.07

70.99

58.02

52.33

10.56%

24.39%

(18.27%)

(9.80%)

Revenue₹B

57.16

54.04

52.69

46.74

35.75%

(5.46%)

(2.51%)

(11.28%)

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

46.74

Revenue₹B

—

42.11

57.16

54.04

52.69

46.74

49.34

2.65%

(11.28)

Revenue growth%

—

35.75

(5.46)

(2.51)

(11.28)

5.56

(3.98)

—

34.83

Gross margin%

—

30.95

33.70

38.04

35.80

34.83

34.92

34.83

12.36

Operating margin%

—

11.33

16.23

20.69

15.67

12.36

12.52

15.67

15.00

Net margin%

—

16.43

13.38

17.60

14.76

15.00

14.91

15.00

10.98

P/E ratio (avg)x

—

4.121

6.170

9.443

11.58

12.24

10.47

9.443

13.32

EV/EBITx

—

5.975

5.084

8.035

10.91

14.85

12.47

8.035

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

52.33

EPS₹

—

51.62

57.07

70.99

58.02

52.33

54.89

0.34%

—

(9.80)

EPS growth%

—

10.56

24.39

(18.27)

(9.80)

4.89

0.38

—

Bookvalue per sh₹

—

FCF per share₹

—

10.00

Dividend per sh₹

—

2.50

5.00

10.00

10.50

41.42%

—

1.74

Div yield (avg)%

—

1.18

1.42

1.49

1.56

1.83

1.49

19.11

Payout ratio%

—

4.84

8.76

14.09

17.23

19.11

19.13

14.09

134.0

Shares (diluted)M

—

134.0

◌134.0

—

Buyback yield%

—

◌—

—

D/E ratiox

—

76.99

Enterprise value₹B

—

28.50

47.18

89.83

90.06

85.81

76.99

31.72%

—

LT debt₹M

—

Peers (US$812.5M)

Cap (US$)

The Sandur Manganese…

920.7M

10.31x

Mishra Dhatu Nigam…

758.1M

52.67x

Sunflag Iron and Steel…

734.3M

33.45x

Anyang Iron and Steel…

809.5M

—

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

862.5

306.3

Own earn%

—

Sh yield%

1.74

1.49

Owners

Insiders/Inst%

5.42

25.30

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

5/5

Revenue growth years

1/4

EPS growth years

2/4

Dividend streakyrs

Op margin range%

11–21

$1 testx

—

Incr. ROIC%

—

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.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹46.74B

2.65%

1.00×

Cost of revenue

₹30.46B

1.17%

0.94×

Operating expenses

₹10.50B

6.18%

1.15×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m