Maharashtra Seamless Ltd Share Price
As on 19 November 2025 at 01:26 IST
Maharashtra Seamless Q1 FY26 Results:
Net profit for the period jumped 78% to ₹230 crores in Q1 FY26, from ₹129 crores in Q1 FY25. Total revenue for the quarter increased 7% year-on-year to ₹1,305 crores, from ₹1,216 crores.
About Maharashtra Seamless Ltd
Maharashtra Seamless Ltd. (MSL), established in 1988, has emerged as a prominent manufacturer in India’s metals and mining sector. It specializes in seamless steel pipes and tubes. Over its rich year history, the company has built a strong reputation under the leadership of the DP Jindal Group. MSL’s headquarters are in Raigad, Maharashtra. Its product portfolio centres around three main categories. The company’s flagship offering is seamless pipes and tubes, which serve critical roles in the construction and infrastructure sectors. It also manufactures Electric Resistance Welded (ERW) pipes, particularly large-diameter variants. +
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LOGINOver 1 Month
-0.84%
Over 6 Months
-19.67%
Over 1 Year
-7.65%
Over 3 Years
40%
Maharashtra Seamless Ltd Summary
Close ₹563.40
Open ₹563
High ₹571.10
Low ₹561.75
Volume 1,21,206
Net Turnover (in Cr) ₹6.84
52Wk High ₹814.30
52Wk Low ₹540.50
52Wk High / Low
540.50
814.30
Maharashtra Seamless Ltd Fundamentals
Key Financial Data
Market Cap (in Cr) ₹7,549.09
EPS (TTM) 59.42
Book Value (BV) 484.99
Div. Yield 1.77 %
P/E (TTM) 9.49
Price/Book Value 1.16
Delivery % 64.04 %
Face Value 5
Key Ratios
PE Ratio 11.53
PB Ratio 1.46
EV to Sales 1.73
PEG Ratio -0.62
ROA 12.53
ROE 13.35
Debt-Equity -
Net Profit Margin 15.06
Operating Profit Margin 21.25
Maharashtra Seamless Ltd Financials
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Total Revenue | 5,465.89 | 5,546.30 | 5,808.61 | 4,321.65 | 2,395.75 |
| Total Expenses | 4,452.09 | 4,300.90 | 4,855.52 | 3,781.19 | 2,020.12 |
| Profit Before Tax | 1,000.21 | 1,222.81 | 923.66 | 511.18 | 172.57 |
| Profit After Tax | 777.35 | 951.66 | 767.62 | 691.64 | 121.44 |
| Operating Profit After Depreciation | 1,016.56 | 1,253.87 | 991.41 | 585.35 | 431.37 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Fixed Assets | 1,864.62 | 1,949.76 | 2,015.69 | 2,135.33 | 2,268.33 |
| Total Non Current Assets | 2,598.48 | 2,974.15 | 2,651.24 | 2,740.45 | 3,207.67 |
| Total Current Assets | 4,434.78 | 3,609.05 | 3,207.52 | 2,647.35 | 2,147.95 |
| Total Assets | 7,033.26 | 6,583.20 | 5,858.76 | 5,387.80 | 5,355.62 |
| Total Shareholder's Fund | 6,339.94 | 5,730.70 | 4,773.96 | 3,984.22 | 3,298.80 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | 609.62 | 1,041.42 | 911.80 | -269.41 | 447.41 |
| Net Cash Used In Investing Activities | -485.96 | -721.65 | -386.29 | 562.84 | -183.45 |
| Net Cash Used In Financing Activities | -136.37 | -319.66 | -542.08 | -285.57 | -284.79 |
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Total Revenue | 5,463.14 | 5,544.29 | 5,790 | 4,064.49 | 2,315.72 |
| Total Expenses | 4,447.38 | 4,298.20 | 4,840.92 | 3,533.66 | 1,932.05 |
| Profit Before Tax | 1,015.76 | 1,246.09 | 949.08 | 530.84 | 192.69 |
| Profit After Tax | 792.85 | 974.93 | 793 | 711.43 | 141.59 |
| Operating Profit After Depreciation | 1,018.75 | 1,254.53 | 984.77 | 572.07 | 431.69 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Fixed Assets | 1,860.35 | 1,945.14 | 2,010.67 | 2,128.68 | 1,844.33 |
| Total Non Current Assets | 2,532.85 | 2,861.96 | 2,589.34 | 2,634.60 | 3,142.22 |
| Total Current Assets | 4,426.34 | 3,598.36 | 3,194.98 | 2,636.59 | 1,995 |
| Total Assets | 6,959.19 | 6,460.32 | 5,784.32 | 5,271.19 | 5,137.21 |
| Total Shareholder's Fund | 6,272.92 | 5,613.86 | 4,705.87 | 3,952.47 | 3,243.60 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | 607.44 | 1,047.50 | 907.88 | -271.80 | 500.67 |
| Net Cash Used In Investing Activities | -485.68 | -722.23 | -466.49 | 434.81 | -307.06 |
| Net Cash Used In Financing Activities | -136.61 | -319.63 | -457.09 | -147.24 | -146.22 |
| Particulars (in ₹ Cr.) | 2025-09 | 2025-06 | 2025-03 | 2024-12 | 2024-09 |
|---|---|---|---|---|---|
| Total Revenue | 1,158.67 | 1,145.27 | 1,417.77 | 1,408.11 | 1,291.81 |
| Total Expenses | 1,039.67 | 979.94 | 1,132.98 | 1,132.28 | 1,064.68 |
| Profit Before Tax | 169.14 | 299.65 | 298.87 | 251.75 | 291.81 |
| Profit After Tax | 125.23 | 230.30 | 242.26 | 186.06 | 220.16 |
| Operating Profit after Depreciation | 194.76 | 325.09 | 324.76 | 277.55 | 317.86 |
| Particulars (in ₹ Cr.) | 2025-09 | 2025-06 | 2025-03 | 2024-12 | 2024-09 |
|---|---|---|---|---|---|
| Total Revenue | 1,158.50 | 1,142.86 | 1,415.83 | 1,407.97 | 1,291.25 |
| Total Expenses | 1,035.21 | 974.03 | 1,130.78 | 1,127.98 | 1,060.24 |
| Profit Before Tax | 173.52 | 303.21 | 299.17 | 255.86 | 295.85 |
| Profit After Tax | 129.61 | 233.86 | 242.53 | 190.17 | 224.20 |
| Operating Profit after Depreciation | 199.02 | 328.54 | 325.27 | 281.56 | 321.75 |
Maharashtra Seamless Ltd Technicals
Support and Resistance
S3 S2 S1 Pivot R1 R2 R3
S1 559.73
S2 556.07
S3 550.38
Pivot 565.42
R1 569.08
R2 574.77
R3 578.43
Moving Average
20 SMA 567.14
50 SMA 592.41
100 SMA 645.14
200 SMA 655.35
Maharashtra Seamless Ltd Corporate Actions
Maharashtra Seamless Ltd
₹10.0/Share
Announcement Date 14 Aug 2025
Record Date 14 Aug 2025
Div Yield 200%
Maharashtra Seamless Ltd Peer Comparison
| Company | Price | Market Cap (in Cr) |
|---|---|---|
| Cummins India Ltd | ₹4,381.40 | ₹1,21,452.41 |
| Tube Investments of India Ltd | ₹3,091.80 | ₹59,829.07 |
| APL Apollo Tubes Ltd | ₹1,778 | ₹49,363.69 |
| Welspun Corp Ltd | ₹906.40 | ₹23,893.33 |
| Jyoti CNC Automation Ltd | ₹971.60 | ₹22,096.43 |
Maharashtra Seamless Ltd Top Mutal Funds Invested
| Fund Name | AUM |
|---|---|
| DSP Nifty Smallcap250 Quality 50 Index Fund | 0.85% |
| Quant Multi Cap Fund | 0.84% |
| LIC MF Dividend Yield Fund | 0.64% |
| Quant Small Cap Fund | 0.24% |
| JioBlackRock Flexi Cap Fund | 0.19% |
Maharashtra Seamless Ltd News
Maharashtra Seamless slides after Q2 PAT dips 43% YoY to Rs 125 crore; revenue down 11%
Maharashtra Seamless reported a weak set of numbers for Q2 FY26, impacted by subdued demand and lower realizations across key product categories.
06 Nov 2025, 09:40 am
Maharashtra Seamless Q2 PAT falls 43% YoY to Rs 125 cr; revenue declines 11% amid weak demand
Maharashtra Seamless posted a subdued Q2 FY26 performance, impacted by weaker demand conditions and lower realizations across key product categories.
05 Nov 2025, 12:32 pm
Maharashtra Seamless to announce Quarterly Result
On 4 November 2025
23 Oct 2025, 04:35 pm
Maharashtra Seamless announces cessation of director
With effect from 27 September 2025
29 Sep 2025, 10:52 am
Maharashtra Seamless receives order of Rs 256 cr
25 Sep 2025, 09:18 pm
Maharashtra Seamless Ltd Stock Analysis
- Annual revenue for Maharashtra Seamless Ltd decreased by 1.46% to ₹5,463.14 crore in FY 2025 from ₹5,544.29 crore in FY 2024.
- Annual Net Profit for Maharashtra Seamless Ltd decreased by 18.68% to ₹792.85 crore in FY 2025 from ₹974.93 crore in FY 2024.
- Promoter Shareholding in Maharashtra Seamless Ltd increased by 0.26% in the most recent quarter, from 68.87% in June 2025 to 69.05% in September 2025.
- Maharashtra Seamless Ltd delivered a 1-year return of -7.65% compared to the Nifty 50, which provided a return of 10.91% as of the last trading session.
- Maharashtra Seamless Ltd share price moved down by 0.24% from its previous close of INR ₹563.40. The latest Maharashtra Seamless Ltd share price is INR ₹562.05.
- Maharashtra Seamless Ltd share price today has been at a low of 558.55 and a high of 563.95. Over the past 52 weeks, the Maharashtra Seamless Ltd share price has seen a low of 540.50 and a high of 814.30.
About Maharashtra Seamless Ltd
Maharashtra Seamless Ltd. (MSL), established in 1988, has emerged as a prominent manufacturer in India’s metals and mining sector. It specializes in seamless steel pipes and tubes. Over its rich history, the company has built a strong reputation under the leadership of the DP Jindal Group.
The top promoters of Maharashtra Seamless Ltd. are Odd & Even Trades & Finance Limited and Stable Trading Co Limited, which own 17.45% and 17.28% stake in the company, respectively. D P Jindal serves as Chairman of Maharashtra Seamless Ltd., while Saket Jindal holds the position of Managing Director, and Raghav Jindal operates as Joint Managing Director. Saket and Raghav Jindal own 3.24% and 0.25% of the company’s total equity, respectively. Apart from them, there are other managerial promoters who have contributed to the company’s success. They are S P Raj (Director) and P N Vijay (Director).
MSL’s headquarters are in Raigad, Maharashtra. Its product portfolio centres around three main categories. The company’s flagship offering is seamless pipes and tubes, which serve critical roles in the construction and infrastructure sectors. It also manufactures Electric Resistance Welded (ERW) pipes, particularly large-diameter variants. These pipes are essential for natural gas transportation, crude oil movement, and refinery operations. Additionally, MSL provides coated pipes, enhancing their products’ durability and performance characteristics.
While not the industry leader in terms of market cap or share, MSL has established itself as a major player in the seamless pipe manufacturing segment. The company’s registered office is located at Pipe Nagar, Village Sukeli, in the Roha taluka of Maharashtra’s Raigad district. Meanwhile, their registrars are based at Jhandewalan Extension in New Delhi.
The company’s success can be attributed to its experienced management team and diverse product range that caters to various industrial applications. Under the DP Jindal Group’s guidance, MSL continues to serve as a vital supplier to key infrastructure and energy sectors.
The foundation of MSL was laid with a vision to provide high-quality seamless pipes to various industries. During its initial years, the company focused on setting up new manufacturing facilities. Equipped with advanced technology and a commitment to quality, MSL quickly established itself as a reliable supplier of seamless pipes. The company’s early success was fuelled by its ability to meet the stringent quality requirements of its clients in industries such as oil and gas, construction, and infrastructure.
As the company grew, it recognized the need to diversify its product offerings to cater to a wider market. MSL expanded its product portfolio to include electric resistance welded (ERW) pipes and coated pipes. This diversification allowed the company to tap into new markets and applications. As a result, it further strengthened MSL’s position in the industry. The introduction of ERW pipes, which are used in sectors such as natural gas and crude oil transportation, was a significant milestone in MSL’s growth trajectory.
One of the key factors behind MSL’s success is its continuous focus on technological advancements. The company has invested heavily in modernizing its manufacturing processes. It has also adopted cutting-edge technologies. This commitment has helped MSL to produce high-quality products that meet international standards. The use of advanced equipment and automation has also improved the efficiency and scalability of the company’s operations.
Strategic partnerships have played a crucial role in MSL’s growth story. In 2021, MSL entered into a partnership with Thriveni Earthmovers Pvt Ltd, a leading player in the mining industry. This collaboration enhanced MSL’s capabilities in raw material sourcing and production, as it allowed the company to meet the increasing demand for its products. Such partnerships have not only expanded MSL’s operational capacity but also provided it with a competitive edge in the market.
MSL’s growth is not confined to the Indian market. The company has strategically expanded its operations to cater to international markets. By exporting its products to countries across the globe, MSL has established a strong global presence. This expansion has been driven by the company’s ability to adhere to international quality standards and its reputation for reliability. MSL’s seamless and welded pipes are now used in various industries worldwide. This has further cemented its position as a global player in the steel industry.
Looking ahead, MSL aims to continue its growth trajectory by focusing on innovation, quality, and market expansion. The company plans to invest in new technologies and enhance its product offerings to meet the evolving needs of its clients. With a clear understanding of its strengths and by building on its success, MSL is well-positioned to be a major player in the global steel industry.
The top promoters of Maharashtra Seamless Ltd. are Odd & Even Trades & Finance Limited and Stable Trading Co Limited, which own 17.45% and 17.28% stake in the company, respectively. D P Jindal serves as Chairman of Maharashtra Seamless Ltd., while Saket Jindal holds the position of Managing Director, and Raghav Jindal operates as Joint Managing Director. Saket and Raghav Jindal own 3.24% and 0.25% of the company’s total equity, respectively. Apart from them, there are other managerial promoters who have contributed to the company’s success. They are S P Raj (Director) and P N Vijay (Director).
MSL’s headquarters are in Raigad, Maharashtra. Its product portfolio centres around three main categories. The company’s flagship offering is seamless pipes and tubes, which serve critical roles in the construction and infrastructure sectors. It also manufactures Electric Resistance Welded (ERW) pipes, particularly large-diameter variants. These pipes are essential for natural gas transportation, crude oil movement, and refinery operations. Additionally, MSL provides coated pipes, enhancing their products’ durability and performance characteristics.
While not the industry leader in terms of market cap or share, MSL has established itself as a major player in the seamless pipe manufacturing segment. The company’s registered office is located at Pipe Nagar, Village Sukeli, in the Roha taluka of Maharashtra’s Raigad district. Meanwhile, their registrars are based at Jhandewalan Extension in New Delhi.
The company’s success can be attributed to its experienced management team and diverse product range that caters to various industrial applications. Under the DP Jindal Group’s guidance, MSL continues to serve as a vital supplier to key infrastructure and energy sectors.
From Raigad to Global Markets - The Maharashtra Seamless Success Story
Maharashtra Seamless Ltd. (MSL) has carved a significant niche for itself in the global steel industry since its establishment in 1988. Headquartered in Raigad, Maharashtra, MSL has grown to become a leading manufacturer of seamless and welded steel pipes. This success story highlights the company’s journey from a regional player to a global entity driven by innovation and quality.The foundation of MSL was laid with a vision to provide high-quality seamless pipes to various industries. During its initial years, the company focused on setting up new manufacturing facilities. Equipped with advanced technology and a commitment to quality, MSL quickly established itself as a reliable supplier of seamless pipes. The company’s early success was fuelled by its ability to meet the stringent quality requirements of its clients in industries such as oil and gas, construction, and infrastructure.
As the company grew, it recognized the need to diversify its product offerings to cater to a wider market. MSL expanded its product portfolio to include electric resistance welded (ERW) pipes and coated pipes. This diversification allowed the company to tap into new markets and applications. As a result, it further strengthened MSL’s position in the industry. The introduction of ERW pipes, which are used in sectors such as natural gas and crude oil transportation, was a significant milestone in MSL’s growth trajectory.
One of the key factors behind MSL’s success is its continuous focus on technological advancements. The company has invested heavily in modernizing its manufacturing processes. It has also adopted cutting-edge technologies. This commitment has helped MSL to produce high-quality products that meet international standards. The use of advanced equipment and automation has also improved the efficiency and scalability of the company’s operations.
Strategic partnerships have played a crucial role in MSL’s growth story. In 2021, MSL entered into a partnership with Thriveni Earthmovers Pvt Ltd, a leading player in the mining industry. This collaboration enhanced MSL’s capabilities in raw material sourcing and production, as it allowed the company to meet the increasing demand for its products. Such partnerships have not only expanded MSL’s operational capacity but also provided it with a competitive edge in the market.
MSL’s growth is not confined to the Indian market. The company has strategically expanded its operations to cater to international markets. By exporting its products to countries across the globe, MSL has established a strong global presence. This expansion has been driven by the company’s ability to adhere to international quality standards and its reputation for reliability. MSL’s seamless and welded pipes are now used in various industries worldwide. This has further cemented its position as a global player in the steel industry.
Looking ahead, MSL aims to continue its growth trajectory by focusing on innovation, quality, and market expansion. The company plans to invest in new technologies and enhance its product offerings to meet the evolving needs of its clients. With a clear understanding of its strengths and by building on its success, MSL is well-positioned to be a major player in the global steel industry.
FAQ’s
What is the share price of Maharashtra Seamless Ltd today?
Maharashtra Seamless Ltd share price as on 18 Nov 2025 is ₹ 562.05
What is the Market Cap of Maharashtra Seamless Ltd?
The market cap of Maharashtra Seamless Ltd stock is ₹7,549.09 Cr.
What is the PE Ratio of Maharashtra Seamless Ltd?
The Price to Earnings (P/E) Ratio of Maharashtra Seamless Ltd is 11.53
What is the PB Ratio of Maharashtra Seamless Ltd?
The Price to Book (P/B) Ratio of Maharashtra Seamless Ltd is 1.46
What is the 52 week high of Maharashtra Seamless Ltd Share Price?
The 52 week high of Maharashtra Seamless Ltd share price stands at ₹814.30
What is the 52 week low of Maharashtra Seamless Ltd Share Price?
The 52 week low of Maharashtra Seamless Ltd share price stands at ₹540.50
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