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 ₹ 11,906 Cr.
- Current Price ₹ 889
- High / Low ₹ 1,099 / 406
- Stock P/E 10.8
- Book Value ₹ 386
- Dividend Yield 0.56 %
- ROCE 19.8 %
- ROE 17.5 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 32.1% CAGR over last 5 years
- Debtor days have improved from 54.6 to 41.0 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,300 | 1,729 | 1,209 | 1,355 | 1,019 | 1,434 | 2,150 | 3,052 | 2,645 | 2,308 | 4,211 | 5,716 | 5,822 | |
1,908 | 1,558 | 1,120 | 1,249 | 980 | 1,209 | 1,839 | 2,383 | 2,135 | 1,867 | 3,628 | 4,705 | 4,580 | |
Operating Profit | 392 | 172 | 89 | 105 | 38 | 225 | 311 | 669 | 509 | 441 | 583 | 1,011 | 1,242 |
OPM % | 17% | 10% | 7% | 8% | 4% | 16% | 14% | 22% | 19% | 19% | 14% | 18% | 21% |
76 | 70 | 64 | 74 | 57 | 76 | 99 | -117 | -197 | -91 | 111 | 88 | 125 | |
Interest | 6 | 7 | 5 | 20 | 26 | 34 | 42 | 39 | 64 | 56 | 45 | 38 | 14 |
Depreciation | 21 | 38 | 37 | 31 | 71 | 71 | 76 | 80 | 88 | 121 | 138 | 138 | 120 |
Profit before tax | 441 | 197 | 111 | 129 | -2 | 196 | 292 | 433 | 161 | 173 | 511 | 924 | 1,234 |
Tax % | 30% | 23% | 13% | 29% | -1,521% | 41% | 31% | 53% | 29% | 30% | -35% | 17% | |
308 | 152 | 102 | 118 | -24 | 116 | 200 | 202 | 115 | 121 | 692 | 768 | 1,106 | |
EPS in Rs | 21.86 | 10.80 | 7.39 | 8.79 | -1.81 | 9.21 | 15.73 | 17.48 | 6.26 | 7.32 | 51.62 | 57.07 | 82.32 |
Dividend Payout % | 14% | 28% | 40% | 28% | -69% | 27% | 19% | 17% | 20% | 24% | 5% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 22% |
3 Years: | 29% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 32% |
3 Years: | 67% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 30% |
3 Years: | 83% |
1 Year: | 105% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 12% |
3 Years: | 15% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,721 | 2,779 | 2,765 | 2,763 | 2,549 | 2,650 | 2,896 | 3,037 | 3,171 | 3,265 | 3,951 | 4,707 | 5,098 |
Preference Capital | 0 | 0 | 0 | 138 | 63 | 63 | 0 | 0 | 0 | 0 | 0 | 0 | |
87 | 151 | 138 | 779 | 602 | 640 | 626 | 1,059 | 1,145 | 922 | 709 | 244 | 0 | |
379 | 276 | 352 | 451 | 499 | 532 | 483 | 666 | 889 | 1,135 | 695 | 841 | 905 | |
Total Liabilities | 3,222 | 3,241 | 3,288 | 4,026 | 3,684 | 3,856 | 4,039 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,071 |
1,329 | 1,260 | 1,231 | 1,472 | 1,121 | 1,095 | 1,235 | 1,173 | 2,364 | 2,268 | 2,135 | 2,016 | 1,978 | |
CWIP | 14 | 150 | 34 | 37 | 31 | 119 | 17 | 23 | 29 | 9 | 13 | 14 | 11 |
Investments | 520 | 740 | 834 | 1,373 | 1,444 | 1,529 | 1,461 | 1,276 | 1,007 | 1,071 | 646 | 1,177 | 1,477 |
1,360 | 1,091 | 1,189 | 1,143 | 1,088 | 1,113 | 1,326 | 2,322 | 1,840 | 2,008 | 2,593 | 2,651 | 2,605 | |
Total Assets | 3,222 | 3,241 | 3,288 | 4,026 | 3,684 | 3,856 | 4,039 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,071 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
86 | 300 | 109 | 104 | 122 | 241 | 93 | -183 | 748 | 447 | -269 | 912 | |
-96 | -313 | -59 | -630 | 12 | -107 | 13 | -161 | -730 | -183 | 563 | -386 | |
22 | 3 | -26 | 527 | -141 | -133 | -95 | 387 | 7 | -285 | -286 | -542 | |
Net Cash Flow | 12 | -10 | 23 | 2 | -6 | 2 | 10 | 44 | 25 | -21 | 8 | -17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 57 | 67 | 102 | 80 | 96 | 79 | 66 | 59 | 50 | 75 | 48 | 41 |
Inventory Days | 174 | 155 | 186 | 189 | 246 | 192 | 132 | 150 | 172 | 255 | 182 | 148 |
Days Payable | 36 | 13 | 63 | 28 | 65 | 55 | 34 | 53 | 129 | 194 | 61 | 29 |
Cash Conversion Cycle | 195 | 210 | 225 | 241 | 277 | 215 | 165 | 155 | 93 | 135 | 169 | 160 |
Working Capital Days | 162 | 177 | 250 | 233 | 289 | 219 | 181 | 223 | 151 | 171 | 165 | 135 |
ROCE % | 6% | 2% | 3% | 0% | 6% | 9% | 18% | 11% | 9% | 12% | 20% |
Documents
Announcements
- 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
- Compliance Certificate For The Year Ended March 31, 2024. 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
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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]