Maharashtra Seamless Ltd

About [ edit ]

Maharashtra Seamless is engaged in the business of Steel Pipes and Tubes.(Source : 202003 Annual Report Page No:23)

  • Market Cap 1,947 Cr.
  • Current Price 291
  • High / Low 354 / 187
  • Stock P/E
  • Book Value 493
  • Dividend Yield 0.86 %
  • ROCE 10.7 %
  • ROE 5.24 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.59 times its book value
  • Company has been maintaining a healthy dividend payout of 18.74%

Cons

  • Company has a low return on equity of 6.79% for last 3 years.
  • Contingent liabilities of Rs.1556.63 Cr.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
606 699 784 963 696 791 570 588 459 579 562
462 570 625 731 552 632 460 491 365 459 480
Operating Profit 145 129 158 232 144 158 110 97 94 120 83
OPM % 24% 19% 20% 24% 21% 20% 19% 17% 21% 21% 15%
Other Income 45 40 18 -215 19 19 15 -250 17 36 23
Interest 2 12 5 20 18 16 16 14 16 15 13
Depreciation 20 20 20 20 20 20 20 28 29 29 36
Profit before tax 168 137 151 -22 125 141 89 -194 66 112 56
Tax % 34% 34% 33% -345% 39% -30% 27% -9% 32% 26% 5%
Net Profit 110 92 102 -70 77 185 65 -244 19 84 53
EPS in Rs 16.44 13.75 15.21 -10.44 11.54 27.62 9.76 -36.40 2.86 12.47 7.89

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 TTM
2,300 1,729 1,209 1,355 1,019 1,434 2,150 3,052 2,645 2,188
1,909 1,558 1,120 1,249 980 1,209 1,839 2,392 2,153 1,794
Operating Profit 391 172 89 105 38 225 311 660 491 394
OPM % 17% 10% 7% 8% 4% 16% 14% 22% 19% 18%
Other Income 77 71 64 74 57 76 99 -108 -179 -175
Interest 6 7 5 20 26 34 42 39 64 58
Depreciation 21 38 37 31 71 71 76 80 88 122
Profit before tax 441 197 111 129 -2 196 292 433 161 40
Tax % 30% 23% 13% 29% -1,521% 41% 31% 53% 29%
Net Profit 308 152 102 118 -24 123 211 234 84 -88
EPS in Rs 43.73 21.61 14.78 17.57 -3.63 18.41 31.45 34.96 12.52 -13.18
Dividend Payout % 14% 28% 40% 28% -69% 27% 19% 17% 20%
Compounded Sales Growth
10 Years:%
5 Years:14%
3 Years:23%
TTM:-28%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:10%
TTM:-125%
Stock Price CAGR
10 Years:-2%
5 Years:8%
3 Years:-13%
1 Year:47%
Return on Equity
10 Years:%
5 Years:5%
3 Years:7%
Last Year:5%

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 Sep 2020
35 35 34 171 96 96 34 34 34 34
Reserves 2,721 2,779 2,765 2,763 2,549 2,650 2,896 3,037 3,171 3,270
Borrowings 87 151 138 779 602 640 626 1,059 1,145 1,059
379 276 352 451 499 532 483 666 889 780
Total Liabilities 3,222 3,241 3,288 4,026 3,684 3,856 4,039 4,795 5,239 5,143
1,329 1,260 1,231 1,472 1,121 1,095 1,235 1,173 2,364 2,297
CWIP 14 150 34 37 31 119 17 23 29 31
Investments 520 740 834 1,373 1,444 1,529 1,461 1,276 1,007 1,371
1,360 1,091 1,189 1,143 1,088 1,113 1,326 2,322 1,840 1,444
Total Assets 3,222 3,241 3,288 4,026 3,684 3,856 4,039 4,795 5,239 5,143

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
86 300 109 104 122 241 93 -183 748
-96 -313 -59 -630 12 -107 13 -161 -730
22 3 -26 527 -141 -133 -95 387 7
Net Cash Flow 12 -10 23 2 -6 2 10 44 25

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
ROCE % 6% 2% 3% 0% 6% 9% 18% 11%
Debtor Days 57 67 102 80 96 79 66 59 50
Inventory Turnover 2.26 2.08 2.38 1.69 2.10 3.18 3.27 2.37

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
61.18 61.78 61.78 61.89 62.07 62.58 62.82 62.93 62.93 63.04 63.78 63.78
2.44 2.37 2.28 2.23 1.93 1.88 1.81 1.55 1.07 1.01 0.96 0.91
7.60 7.58 7.89 7.98 8.17 8.43 8.50 8.61 7.73 7.48 6.84 6.05
0.53 0.53 0.59 0.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
28.25 27.74 27.46 27.31 27.83 27.10 26.87 26.91 28.28 28.46 28.42 29.26

Documents