Maharashtra Seamless Ltd
Maharashtra Seamless Limited, incorporated in 1988, is engaged in the business of manufacturing of Steel Pipes and Tubes. It is also engaged in power generation. [1]
- Market Cap ₹ 10,713 Cr.
- Current Price ₹ 800
- High / Low ₹ 1,099 / 426
- Stock P/E 10.1
- Book Value ₹ 381
- Dividend Yield 0.63 %
- ROCE 20.7 %
- ROE 18.3 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 31.9% CAGR over last 5 years
- Debtor days have improved from 56.1 to 41.2 days.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,292 | 1,722 | 1,206 | 1,355 | 1,015 | 1,428 | 2,130 | 3,040 | 2,617 | 2,225 | 3,975 | 5,707 | 5,811 | |
1,900 | 1,551 | 1,118 | 1,246 | 979 | 1,208 | 1,824 | 2,376 | 2,065 | 1,777 | 3,371 | 4,669 | 4,553 | |
Operating Profit | 391 | 171 | 88 | 110 | 36 | 220 | 306 | 664 | 551 | 448 | 603 | 1,038 | 1,259 |
OPM % | 17% | 10% | 7% | 8% | 4% | 15% | 14% | 22% | 21% | 20% | 15% | 18% | 22% |
76 | 70 | 63 | 83 | 95 | 85 | 67 | -77 | -399 | -102 | 90 | 82 | 128 | |
Interest | 5 | 6 | 3 | 4 | 7 | 10 | 9 | 16 | 48 | 48 | 41 | 36 | 13 |
Depreciation | 20 | 37 | 37 | 29 | 70 | 69 | 74 | 78 | 79 | 105 | 121 | 136 | 118 |
Profit before tax | 443 | 198 | 111 | 160 | 54 | 226 | 290 | 493 | 25 | 193 | 531 | 949 | 1,255 |
Tax % | 30% | 22% | 13% | 23% | 42% | 36% | 32% | 47% | 181% | 27% | -34% | 16% | |
311 | 153 | 97 | 123 | 31 | 146 | 198 | 262 | -21 | 142 | 711 | 793 | 1,062 | |
EPS in Rs | 22.02 | 10.87 | 7.07 | 9.15 | 2.35 | 10.86 | 14.81 | 19.58 | -1.54 | 10.57 | 53.09 | 59.18 | 79.22 |
Dividend Payout % | 14% | 28% | 42% | 27% | 53% | 23% | 20% | 15% | -81% | 17% | 5% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 22% |
3 Years: | 30% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 32% |
3 Years: | 40% |
TTM: | 93% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 28% |
3 Years: | 77% |
1 Year: | 81% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 16% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 35 | 35 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 67 | 67 |
Reserves | 2,725 | 2,787 | 2,757 | 2,769 | 2,654 | 2,779 | 2,938 | 3,153 | 3,083 | 3,210 | 3,919 | 4,639 | 5,044 |
31 | 11 | 15 | 1 | 7 | 18 | 15 | 489 | 802 | 718 | 633 | 244 | 0 | |
376 | 272 | 351 | 292 | 452 | 454 | 462 | 656 | 999 | 1,176 | 686 | 834 | 899 | |
Total Liabilities | 3,167 | 3,105 | 3,157 | 3,096 | 3,147 | 3,285 | 3,449 | 4,332 | 4,918 | 5,137 | 5,271 | 5,784 | 6,010 |
1,323 | 1,254 | 1,231 | 1,164 | 1,110 | 1,086 | 1,222 | 1,162 | 1,923 | 1,844 | 2,129 | 2,011 | 1,974 | |
CWIP | 10 | 52 | 18 | 33 | 31 | 118 | 17 | 23 | 29 | 9 | 13 | 14 | 11 |
Investments | 474 | 697 | 698 | 620 | 662 | 836 | 719 | 759 | 796 | 882 | 548 | 1,121 | 1,434 |
1,361 | 1,101 | 1,211 | 1,278 | 1,343 | 1,245 | 1,490 | 2,388 | 2,170 | 2,402 | 2,581 | 2,638 | 2,591 | |
Total Assets | 3,167 | 3,105 | 3,157 | 3,096 | 3,147 | 3,285 | 3,449 | 4,332 | 4,918 | 5,137 | 5,271 | 5,784 | 6,010 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
82 | 286 | 73 | -49 | 19 | 174 | 87 | -183 | 749 | 501 | -272 | 908 | |
-48 | -218 | 38 | 120 | 19 | -151 | -34 | -181 | -1,027 | -307 | 435 | -466 | |
-24 | -80 | -89 | -84 | -41 | -20 | -49 | 415 | 221 | -146 | -147 | -457 | |
Net Cash Flow | 10 | -12 | 21 | -14 | -3 | 3 | 4 | 51 | -57 | 47 | 16 | -16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 68 | 102 | 80 | 95 | 79 | 68 | 59 | 51 | 76 | 52 | 41 |
Inventory Days | 173 | 155 | 186 | 189 | 246 | 192 | 133 | 149 | 163 | 233 | 193 | 147 |
Days Payable | 36 | 12 | 62 | 25 | 65 | 55 | 34 | 53 | 130 | 197 | 64 | 29 |
Cash Conversion Cycle | 195 | 212 | 226 | 243 | 276 | 216 | 166 | 156 | 84 | 112 | 180 | 159 |
Working Capital Days | 164 | 181 | 259 | 281 | 399 | 257 | 216 | 232 | 181 | 147 | 175 | 135 |
ROCE % | 15% | 6% | 3% | 4% | 2% | 9% | 10% | 20% | 14% | 11% | 13% | 21% |
Documents
Announcements
- Board Meeting Intimation for To Consider And Approve, Inter-Alia, The Audited Financial Results For The Quarter And Year Ended On 31St March, 2024 And To Recommend Dividend, If Any, On The Equity Shares Of The Company For The Financial Year 2023-24. 14h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Apr
- Compliance Certificate Pursuant To Regulation 40(9) Of SEBI (LODR) Regulations, 2015 8 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Concalls
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
Market Share
The co. has a market share of 55% in the seamless pipes segment and a market share of 18% in the API-certified, high-frequency ERW pipes segment. [1]