Maharashtra Seamless Share Price

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Stock Performance
52 Week Low - High
Today’s Low - High

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Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
36.39% Fall from 52W High
3.3
TTM PE Ratio
Below industry Median
11.1
Price to Book Ratio
Below industry Median
1.6
Dividend yield 1yr %
High in industry
1.4
TTM PEG Ratio
PEG TTM is negative
-0.7

Maharashtra Seamless Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Maharashtra Seamless Ltd Quarterly Revenue

Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
1291.81 Cr
1150.98 Cr
1214.9 Cr
1431.13 Cr
1535.15 Cr

Maharashtra Seamless Ltd Yearly Revenue

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
5546.3 Cr
5805.24 Cr
4311.15 Cr
2395.75 Cr
2694.79 Cr

Maharashtra Seamless Ltd Quarterly Net Profit/Loss

Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
224.07 Cr
134.39 Cr
223.38 Cr
280.21 Cr
255.34 Cr

Maharashtra Seamless Ltd Yearly Net Profit/Loss

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
974.25 Cr
797.05 Cr
433.31 Cr
147.76 Cr
145.77 Cr

Maharashtra Seamless Ltd shareholding Pattern

Promoter
68.04%
Foreign Institutions
7.97%
Mutual Funds
3.56%
Domestic Institutions
4.38%
Public
19.61%
Promoter
68%
Foreign Institutions
9.23%
Mutual Funds
4.19%
Domestic Institutions
5.37%
Public
17.38%
Promoter
68%
Foreign Institutions
11.96%
Mutual Funds
2.54%
Domestic Institutions
3.94%
Public
16.09%
Promoter
67.86%
Foreign Institutions
10.5%
Mutual Funds
2.75%
Domestic Institutions
4.31%
Public
17.32%
Promoter
67.86%
Foreign Institutions
7.98%
Mutual Funds
2.72%
Domestic Institutions
4.38%
Public
19.77%
Promoter
67.8%
Foreign Institutions
5.96%
Mutual Funds
2.69%
Domestic Institutions
4.3%
Public
21.93%

Maharashtra Seamless Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
15
Bearish Moving Averages
1
5Day EMA
655.20
10Day EMA
647.00
12Day EMA
644.60
20Day EMA
637.80
26Day EMA
634.90
50Day EMA
633.20
100Day EMA
650.80
200Day EMA
680.40
5Day SMA
651.60
10Day SMA
647.50
20Day SMA
635.90
30Day SMA
624.30
50Day SMA
624.40
100Day SMA
634.50
150Day SMA
663.70
200Day SMA
724.40
Delivery & Volume

Delivery & Volume

PeriodCombined Delivery VolumeNSE+BSE Traded Volume
Day Rs
137384 Rs
294599 Rs
Week Rs
116464 Rs
248456 Rs
Month Rs
131997 Rs
269345 Rs
Resistance & Support
666.77
Pivot
Resistance
First Resistance
673.53
Second Resistance
681.27
Third Resistance
688.03
Support
First Support
659.03
Second support
652.27
Third Support
644.53
Relative Strength Index
63.67
Money Flow Index
80.82
MACD
9.65
MACD Signal
5.86
Average True Range
18.07
Average Directional Index
16.80
Rate of Change (21)
4.23
Rate of Change (125)
7.46

Maharashtra Seamless Ltd Company background

Founded in: 1988
Managing director: Saket Jindal
Maharashtra Seamless Limited (MSL), incorporated on 10th May 1988, is the flagship company of the welldiversified DP Jindal Group. The Company manufacture seamless pipes tubes with the finest quality and wide product range using the world renowned CPE technology. MSL made a foray in the ERW pipe category in the year 2000. The Company has also diversified into renewable power generation and rig operations. The plant is located at Raigad, Maharashtra, and is equipped with stateoftheart machinery. The Company has a technical collaboration with Mannesmann Demag Huttentechnik, Germany. MSL uses the worldrenowned CPE technology and is capable of producing size range from 3/4 OD to 7 OD in hot finished and from 10 mm OD to 108 mm OD in cold drawn and cold pilgered condition. Besides seamless pipes and tubes, the company also makes large diameter Electric Resistance Welded (ERW) pipes from size 8 to 20 and wall thickness from 3.2 mm to 12.70 mm. As on 31st March 2019, the Company had six subsidiaries, two are wholly owned subsidiary companies registered in India and remaining four are registered outside India.The Company had signed a Memorandum of Understanding (MoU) for continuous supply of Steel Billets in the year 199495. MSL agreed with Salosha Investments and Financial Services Ltd and Shree Ambaji Properties Ltd during the year 199596 for manufacturing activities.The Company entered into the ERW pipe category in year 2000, which later on was diversified into renewable power generation and rig operations. In September of the year 2000 the companys new project of Electric Resistance Welded (ERW) Pipes for producing 4 OD to 21 OD ERW Pipes with an installed capacity of 50,000 M.T. per annum at Pipe Nagar, Maharashtra was commissioned. In the year 200102, the company production capacity was doubled from 50,000 MT to 1, 00,000 MT. During the year 20042005, the company entered into joint venture with Hydril LP to manufacture premium joint connections to facilitate company consolidation in both domestic and international markets of seamless pipes by going to new export avenues. In same year of 20042005 the company expanded its production facilities, using plug mill technology supported by world class revelers, to manufacture for the first time in India, large size seamless pipes of diameter up to 14 inches and wall thickness up to 40 mm. As on 4th January 2008, the company acquired seamless plant in Romania with an installed capacity of 200,000 TPA. In the same year, the company opened its export branch in USA to facilitate better services and customer support to its large base of Oil Country Tubular Goods (OCTG) and Line pipe customers in USA, Canada and Latin America. In June of the same year 2008, MSL had bagged export orders worth USD 45 million from USA. The company has also received domestic order worth Rs 860 million from Indian Oil Corporation (IOC).MSL plans to set up a 1 million ton per year billet plant in Maharashtra to feed its planned seamless pipe expansion. The backward integration project at Dubri in Orissa is part of MSLs aim to increase pipe capacity to 5,00,000 tons per year from the current 3,50,000 tons. The proposed steel plant will manufacture billets for captive consumption. Estimated to cost USD 44.8 million (about Rs 1800 million), the project involves relocation of the firms newly acquired pipe plant in Romania to India.The Board of Directors of the Company at its meeting held on 8th April, 2013 had approved the buyback of its equity shares of the face value of Rs. 5/ each from the open market through stock exchanges for an amount upto Rs. 100 crore, and at a price not exceeding Rs. 300/ per share, payable in cash. The Company commenced its scheme of buyback of shares from 14th May 2013 and closed on 7th April 2014. The Company has bought back total of 35,33,796 shares for Rs. 69.21 Crore at an average price of Rs. 195.85. All shares bought back have been extinguished. The paid up capital of the Company after buyback is Rs. 33,49,98,130/The Company had three wholly owned subsidiaries, as on 31st March 2014, namely Maharashtra Seamless (Singapore) Pte. Ltd., Singapore, Maharashtra Seamless Finance Ltd. and Discovery Oil Mines Pte. Ltd., Singapore.During the year 2014, a subsidiary of the Company has acquired 20 percent stake in an Iron ore mine in Amapa, Brazil with estimated reserves of more than 250 million tons.During the year 2015, Dev Drilling Pvt. Ltd. ceased to be an associate company and became Joint Venture Company.During the year 201617, Zircon Drilling Supplies and Trading FZE was set up as a wholly owned subsidiary of Internovia Natural Resources FZ LLC, UAE, a subsidiary of the company.As on 31 March 2017, the company had 5 subsidiaries, one is wholly owned subsidiary company registered in India and remaining 4 is registered outside India.During the year 2018, Jindal Premium Connections Pvt., Ltd. became a wholly owned subsidiary of the Company.As on 31 March 2018, the company had 6 subsidiaries, two are wholly owned subsidiary companies registered in India and remaining 4 is registered outside India.The Company successfully commissioned and started generation from 20 MW Solar Power Plant at Khetusar, District Jodhpur, Rajasthan. It also commissioned 1 MW rooftop solar power plant at Nagothane and 10 MW captive power plants at Beed Maharashtra. With this Company has achieved a total capacity of 43 MW of Renewable Energy in FY 2018.In FY 2018, the Company successfully defended antidumping case and Department of Commerce of United States of America has removed the antidumping duty order on company which means there is no antidumping duty on OCTG exported to USA.The Company had made investments in a mining asset through its foreign subsidiaries. The subsidiary, holding the mining investments partially impaired the said investments. Accordingly the Company impaired its exposures, partially for Rs. 145.98 Crore during the year 2019.During the year 2020, the Company purchased an Offshore Jack Up Drilling Rig from Star Drilling Pte. Ltd., Singapore, an associate of the Company for USD 100 million.As on 31st March, 2020, the Company had 7 subsidiaries, out of which 3 are wholly owned subsidiary Companies registered in India and remaining 4 are registered outside India.The Company acquired 100% shares of United Seamless Tubulaar Pvt. Ltd (USTPL) and thereby became the subsidiary of the Company in April, 2022. The Company commissioned 1.5 MWp Rooftop Power Solar Plants at manufacturing sites and 21 MWp Solar Power Plant in Solapur, Maharashtra.United Seamless Tubulaar Private Limited, a wholly owned subsidiary (WOS), was amalgamated with the Company in March, 2023 as a going concern .
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Maharashtra Seamless Ltd FAQs

Maharashtra Seamless Ltd shares are currently priced at 695.3 on NSE and 704 on BSE as of 12/4/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Maharashtra Seamless Ltd [MAHSEAMLES] share was -34.7. The Maharashtra Seamless Ltd [MAHSEAMLES] share hit a 1-year low of Rs. 566.5 and a 1-year high of Rs. 1097.

The market cap of Maharashtra Seamless Ltd is Rs. 8921.16 Cr. as of 12/4/2024 12:00:00 AM.

The PE ratios of Maharashtra Seamless Ltd is 10.34 as of 12/4/2024 12:00:00 AM.

The PB ratios of Maharashtra Seamless Ltd is 1.53 as of 12/4/2024 12:00:00 AM

The Mutual Fund Shareholding was 3.56% at the end of 12/4/2024 12:00:00 AM.

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