Mahalaxmi Seamless Ltd
Incorporated in 1992, Mahalaxmi
Seamless Ltd is in the business
of Cold drawn Seamless Pipes
and Tubes[1]
- Market Cap ₹ 4.32 Cr.
- Current Price ₹ 8.18
- High / Low ₹ 15.8 / 7.59
- Stock P/E 14.4
- Book Value ₹ -0.53
- Dividend Yield 0.00 %
- ROCE 45.7 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of -0.11% over past five years.
* 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14.45 | 18.62 | 11.04 | 10.72 | 3.90 | 1.87 | 1.87 | 1.91 | 2.02 | 1.83 | 1.84 | 1.86 | 1.82 | |
| 16.21 | 18.07 | 11.08 | 12.34 | 3.59 | 1.21 | 1.25 | 0.97 | 0.99 | 1.00 | 1.09 | 1.13 | 1.06 | |
| Operating Profit | -1.76 | 0.55 | -0.04 | -1.62 | 0.31 | 0.66 | 0.62 | 0.94 | 1.03 | 0.83 | 0.75 | 0.73 | 0.76 |
| OPM % | -12.18% | 2.95% | -0.36% | -15.11% | 7.95% | 35.29% | 33.16% | 49.21% | 50.99% | 45.36% | 40.76% | 39.25% | 41.76% |
| 0.19 | 0.93 | 0.15 | 0.63 | -0.20 | 0.11 | 0.28 | 0.33 | 0.13 | 0.09 | -1.53 | 0.03 | 0.02 | |
| Interest | 1.03 | 0.90 | 0.93 | 0.62 | 0.51 | 0.30 | 0.43 | 0.46 | 0.19 | 0.11 | 0.10 | 0.21 | 0.20 |
| Depreciation | 0.66 | 0.65 | 0.59 | 0.60 | 0.60 | 0.60 | 0.58 | 0.55 | 0.52 | 0.47 | 0.44 | 0.36 | 0.29 |
| Profit before tax | -3.26 | -0.07 | -1.41 | -2.21 | -1.00 | -0.13 | -0.11 | 0.26 | 0.45 | 0.34 | -1.32 | 0.19 | 0.29 |
| Tax % | 4.60% | 85.71% | 3.55% | 2.71% | 0.00% | -30.77% | -9.09% | -53.85% | -20.00% | -14.71% | -6.82% | -31.58% | |
| -3.41 | -0.13 | -1.46 | -2.28 | -1.00 | -0.09 | -0.09 | 0.40 | 0.54 | 0.39 | -1.24 | 0.25 | 0.30 | |
| EPS in Rs | -6.46 | -0.25 | -2.76 | -4.32 | -1.89 | -0.17 | -0.17 | 0.76 | 1.02 | 0.74 | -2.35 | 0.47 | 0.57 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -21% |
| 5 Years: | 0% |
| 3 Years: | -3% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 37% |
| 3 Years: | -23% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 5% |
| 3 Years: | -4% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | 5.28 | 5.28 | 5.28 | 5.28 | 5.28 | 5.28 | 5.28 |
| Reserves | -1.02 | -1.18 | -2.65 | -4.92 | -5.92 | -6.01 | -6.09 | -5.69 | -5.15 | -4.76 | -6.01 | -5.75 | -5.56 |
| 5.86 | 4.71 | 8.04 | 4.76 | 4.19 | 6.32 | 5.47 | 4.90 | 1.84 | 1.36 | 1.54 | 1.41 | 1.28 | |
| 7.21 | 7.89 | 5.08 | 4.66 | 3.34 | 3.03 | 2.90 | 2.72 | 2.35 | 2.22 | 2.34 | 2.04 | 2.09 | |
| Total Liabilities | 17.34 | 16.71 | 15.76 | 9.79 | 6.90 | 8.63 | 7.56 | 7.21 | 4.32 | 4.10 | 3.15 | 2.98 | 3.09 |
| 7.52 | 6.82 | 6.35 | 5.88 | 5.40 | 4.80 | 4.23 | 3.69 | 3.18 | 2.85 | 2.42 | 2.21 | 2.12 | |
| CWIP | 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 |
| Investments | 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 |
| 9.82 | 9.89 | 9.41 | 3.91 | 1.50 | 3.83 | 3.33 | 3.52 | 1.14 | 1.25 | 0.73 | 0.77 | 0.97 | |
| Total Assets | 17.34 | 16.71 | 15.76 | 9.79 | 6.90 | 8.63 | 7.56 | 7.21 | 4.32 | 4.10 | 3.15 | 2.98 | 3.09 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.14 | 1.69 | -2.72 | 1.11 | 1.30 | 0.58 | 0.50 | 0.69 | -5.00 | 0.82 | -0.61 | 0.37 | |
| 0.06 | 0.59 | -0.32 | 0.93 | -0.07 | -2.36 | 0.85 | 0.25 | 8.07 | 0.06 | 0.53 | -0.31 | |
| -1.51 | -2.01 | 2.60 | -2.05 | -1.48 | 1.71 | -1.27 | -0.93 | -2.98 | -0.47 | 0.07 | -0.34 | |
| Net Cash Flow | -0.31 | 0.27 | -0.43 | -0.01 | -0.25 | -0.07 | 0.08 | 0.01 | 0.10 | 0.40 | -0.01 | -0.28 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25.26 | 57.83 | 31.08 | 10.21 | 16.85 | 31.23 | 33.18 | 42.04 | 34.33 | 9.97 | 7.93 | 31.40 |
| Inventory Days | 228.40 | 151.30 | 473.89 | 154.54 | 12.71 | |||||||
| Days Payable | 151.15 | 200.62 | 226.97 | 133.20 | 147.09 | |||||||
| Cash Conversion Cycle | 102.51 | 8.51 | 277.99 | 31.56 | -117.53 | 31.23 | 33.18 | 42.04 | 34.33 | 9.97 | 7.93 | 31.40 |
| Working Capital Days | -76.54 | -43.91 | -93.23 | -131.43 | -143.19 | -286.93 | -191.28 | -170.08 | -65.05 | -195.46 | -388.80 | -347.34 |
| ROCE % | -18.18% | 8.87% | -4.51% | -22.52% | -5.29% | 3.71% | 6.24% | 15.74% | 19.81% | 23.38% | 26.02% | 45.71% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper Publication for Financial Results for the Quarter and Half Year ended September 30, 2025
-
Announcement under Regulation 30 (LODR)-Resignation of Director
13 Nov - Independent Director Sushil Ashok Jain resigned effective November 13, 2025, citing personal and professional commitments.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
13 Nov - Elangovan Ramnathan appointed additional non-exec independent director effective 13-Nov-2025; term until 2026 AGM.
-
Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015 For The Half Year Ended September 30Th, 2025
13 Nov - Regulation 23(9) non-applicable for H1 Sep 30, 2025; paid-up equity Rs.528.14L, net worth Rs.(46.88)L.
- Financial Results For September 30, 2025 13 Nov
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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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
from bse
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Financial Year 2018
from bse
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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
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2009
from bse
Business Overview:[1][2]
MSL manufactures cold-drawn seamless pipes and tubes used in various industries such as oil and gas, petrochemicals, engineering, and power.
As of FY25, the company is in the business of creating software to automate business processes of various clients and developing software products.