Maharashtra Seamless Ltd

Mah. Seamless Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Maharashtra Seamless Ltd

₹ 909 3.44%
25 Apr 4:01 p.m.
jindal.com BSE: 500265 NSE : MAHSEAMLES
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 12,168 Cr.
  • Current Price ₹ 909
  • High / Low ₹ 1,099 / 406
  • Stock P/E 11.5
  • Book Value ₹ 381
  • Dividend Yield 0.55 %
  • ROCE 20.7 %
  • ROE 18.3 %
  • Face Value ₹ 5.00
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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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
544 646 606 811 947 1,419 1,334 1,148 1,337 1,623 1,223 1,535 1,430
457 519 488 687 808 1,224 1,103 967 1,092 1,311 979 1,202 1,061
Operating Profit 87 127 118 124 139 195 231 181 245 312 244 333 370
OPM % 16% 20% 19% 15% 15% 14% 17% 16% 18% 19% 20% 22% 26%
23 -176 31 32 22 5 13 20 18 30 33 29 35
Interest 12 10 9 10 11 11 10 10 9 5 7 1 1
Depreciation 27 26 27 26 26 35 34 26 34 34 34 25 25
Profit before tax 72 -85 113 120 123 154 199 164 221 304 237 336 378
Tax % 4% 2% 9% 23% 26% 26% 27% 25% 24% -2% 9% 24% 26%
69 -83 103 93 91 114 146 123 168 310 216 256 280
EPS in Rs 5.13 -6.23 7.68 6.92 6.82 8.53 10.93 9.18 12.52 23.13 16.10 19.07 20.92
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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: 23%
5 Years: 31%
3 Years: 88%
1 Year: 114%
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%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.73% 63.82% 64.90% 67.00% 67.08% 67.26% 67.64% 67.80% 67.80% 67.86% 67.86% 68.00%
0.91% 1.05% 1.00% 1.15% 1.28% 2.67% 3.08% 2.84% 5.96% 7.98% 10.50% 11.96%
5.12% 4.37% 3.14% 3.41% 3.69% 4.00% 3.76% 3.92% 4.18% 4.26% 4.19% 3.81%
30.23% 30.76% 30.96% 28.44% 27.95% 26.08% 25.52% 25.43% 22.05% 19.89% 17.44% 16.22%
No. of Shareholders 30,13429,47228,76027,64030,97536,51349,03347,26150,77154,87961,98969,663

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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