Mahalaxmi Seamless Ltd

Mahalaxmi Seamless Ltd

₹ 8.67 4.96%
04 Jun - close price
About

Incorporated in 1992, Mahalaxmi
Seamless Ltd is in the business
of Cold drawn Seamless Pipes
and Tubes[1]

Key Points

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.

  • Market Cap 4.58 Cr.
  • Current Price 8.67
  • High / Low 11.5 / 7.05
  • Stock P/E
  • Book Value -1.02
  • Dividend Yield 0.00 %
  • ROCE 15.1 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.21% over past five years.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
0.46 0.45 0.47 0.46 0.47 0.45 0.49 0.47 0.45 0.45 0.45 0.48 0.51
0.28 0.24 0.28 0.29 0.30 0.26 0.31 0.29 0.27 0.23 0.27 0.33 0.77
Operating Profit 0.18 0.21 0.19 0.17 0.17 0.19 0.18 0.18 0.18 0.22 0.18 0.15 -0.26
OPM % 39.13% 46.67% 40.43% 36.96% 36.17% 42.22% 36.73% 38.30% 40.00% 48.89% 40.00% 31.25% -50.98%
0.02 0.01 -1.56 0.01 0.02 0.02 0.01 0.00 0.00 0.01 0.01 0.01 0.00
Interest 0.02 0.03 0.03 0.02 0.02 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.07
Depreciation 0.13 0.12 0.12 0.12 0.09 0.08 0.08 0.10 0.09 0.07 0.03 0.05 0.05
Profit before tax 0.05 0.07 -1.52 0.04 0.08 0.08 0.06 0.03 0.04 0.11 0.11 0.06 -0.38
Tax % -100.00% 28.57% 1.32% 25.00% -162.50% -12.50% -16.67% -33.33% -100.00% 18.18% 9.09% 0.00% -13.16%
0.10 0.05 -1.54 0.03 0.21 0.08 0.06 0.04 0.07 0.09 0.10 0.06 -0.33
EPS in Rs 0.19 0.09 -2.92 0.06 0.40 0.15 0.11 0.08 0.13 0.17 0.19 0.11 -0.62
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
18.62 11.04 10.72 3.90 1.87 1.87 1.91 2.02 1.83 1.84 1.86 1.89
18.07 11.08 12.34 3.59 1.21 1.25 0.97 0.99 1.00 1.09 1.13 1.60
Operating Profit 0.55 -0.04 -1.62 0.31 0.66 0.62 0.94 1.03 0.83 0.75 0.73 0.29
OPM % 2.95% -0.36% -15.11% 7.95% 35.29% 33.16% 49.21% 50.99% 45.36% 40.76% 39.25% 15.34%
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 0.90 0.93 0.62 0.51 0.30 0.43 0.46 0.19 0.11 0.10 0.21 0.21
Depreciation 0.65 0.59 0.60 0.60 0.60 0.58 0.55 0.52 0.47 0.44 0.36 0.20
Profit before tax -0.07 -1.41 -2.21 -1.00 -0.13 -0.11 0.26 0.45 0.34 -1.32 0.19 -0.10
Tax % 85.71% 3.55% 2.71% 0.00% -30.77% -9.09% -53.85% -20.00% -14.71% -6.82% -31.58% -20.00%
-0.13 -1.46 -2.28 -1.00 -0.09 -0.09 0.40 0.54 0.39 -1.24 0.25 -0.07
EPS in Rs -0.25 -2.76 -4.32 -1.89 -0.17 -0.17 0.76 1.02 0.74 -2.35 0.47 -0.13
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: -16%
5 Years: 0%
3 Years: 1%
TTM: 2%
Compounded Profit Growth
10 Years: 7%
5 Years: %
3 Years: %
TTM: -128%
Stock Price CAGR
10 Years: 10%
5 Years: 21%
3 Years: 14%
1 Year: -24%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 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 -1.18 -2.65 -4.92 -5.92 -6.01 -6.09 -5.69 -5.15 -4.76 -6.01 -5.75 -5.82
4.71 8.04 4.76 4.19 6.32 5.47 4.90 1.84 1.36 1.54 1.41 1.06
7.89 5.08 4.66 3.34 3.03 2.90 2.72 2.35 2.22 2.34 2.04 2.49
Total Liabilities 16.71 15.76 9.79 6.90 8.63 7.56 7.21 4.32 4.10 3.15 2.98 3.01
6.82 6.35 5.88 5.40 4.80 4.23 3.69 3.18 2.85 2.42 2.21 2.02
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
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03
9.89 9.41 3.91 1.50 3.83 3.33 3.52 1.14 1.25 0.73 0.77 0.96
Total Assets 16.71 15.76 9.79 6.90 8.63 7.56 7.21 4.32 4.10 3.15 2.98 3.01

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.69 -2.72 1.11 1.30 0.58 0.50 0.69 -5.00 0.82 -0.61 0.37 0.27
0.59 -0.32 0.93 -0.07 -2.36 0.85 0.25 8.07 0.06 0.53 -0.31 -0.20
-2.01 2.60 -2.05 -1.48 1.71 -1.27 -0.93 -2.98 -0.47 0.07 -0.34 -0.56
Net Cash Flow 0.27 -0.43 -0.01 -0.25 -0.07 0.08 0.01 0.10 0.40 -0.01 -0.28 -0.49
Free Cash Flow 1.69 -2.83 1.16 1.17 0.58 0.49 0.68 -5.01 0.67 -0.62 0.17 0.26
CFO/OP 307% 6,625% -75% 435% 106% 87% 83% 58% 99% -81% 51% 93%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 57.83 31.08 10.21 16.85 31.23 33.18 42.04 34.33 9.97 7.93 31.40 30.90
Inventory Days 151.30 473.89 154.54 12.71
Days Payable 200.62 226.97 133.20 147.09
Cash Conversion Cycle 8.51 277.99 31.56 -117.53 31.23 33.18 42.04 34.33 9.97 7.93 31.40 30.90
Working Capital Days -43.91 -93.23 -131.43 -143.19 -286.93 -191.28 -170.08 -65.05 -195.46 -388.80 -347.34 -289.68
ROCE % 8.87% -4.51% -22.52% -5.29% 3.71% 6.24% 15.74% 19.81% 23.38% 26.02% 45.71% 15.07%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Factory Status
Operational Status

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Lease Rental Income
INR Lakhs
Software and IT Service Receipts
INR Lakhs
Number of Employees
Count
Trading Sales Volume Value
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.52% 45.52% 45.52% 45.84% 45.84% 45.84% 45.84% 45.84% 45.84% 45.84% 45.84% 45.84%
54.48% 54.48% 54.48% 54.16% 54.16% 54.16% 54.16% 54.16% 54.16% 54.15% 54.16% 54.16%
No. of Shareholders 5,2585,2525,3265,3015,3475,4165,5865,5815,5545,6465,6615,636

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