Maharashtra Seamless Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:27 pm

Market Cap	8,756 Cr.
Current Price	654
High / Low	964/563
Stock P/E	11.6
Book Value	444
Dividend Yield	1.53 %
ROCE	22.9 %
ROE	18.1 %
Face Value	5.00
PEG Ratio	0.23

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Maharashtra Seamless Ltd

Competitors of Maharashtra Seamless Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Maharashtra Seamless Ltd	8,756 Cr.	654	964/563	11.6	444	1.53 %	22.9 %	18.1 %	5.00
Industry Average	8,756.00 Cr	654.00		11.60	444.00	1.53%	22.90%	18.10%	5.00

All Competitor Stocks of Maharashtra Seamless Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,139	1,428	1,334	1,414	1,339	1,633	1,223	1,535	1,431	1,215	1,151	1,292	1,408
Expenses	979	1,262	1,115	1,171	1,100	1,319	988	1,207	1,065	945	1,032	1,065	1,132
Operating Profit	160	167	220	243	239	314	235	328	366	270	119	227	276
OPM %	14%	12%	16%	17%	18%	19%	19%	21%	26%	22%	10%	18%	20%
Other Income	22	26	18	22	18	27	33	30	35	44	65	91	2
Interest	12	12	11	13	9	6	7	1	1	0	1	1	1
Depreciation	34	35	35	34	35	34	34	26	26	24	25	25	25
Profit before tax	136	146	193	217	213	301	228	331	374	290	158	292	252
Tax %	24%	-171%	28%	26%	25%	-24%	9%	24%	26%	25%	18%	25%	26%
Net Profit	104	396	140	161	160	373	207	251	276	218	129	220	186
EPS in Rs	7.07	29.31	10.41	12.02	11.91	27.62	15.42	18.69	20.59	16.30	9.65	16.42	13.89

Last Updated: February 28, 2025, 6:36 pm

Below is a detailed analysis of the quarterly data for Maharashtra Seamless Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,408.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,292.00 Cr. (Sep 2024) to ₹1,408.00 Cr., marking an increase of ₹116.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,132.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,065.00 Cr. (Sep 2024) to ₹1,132.00 Cr., marking an increase of ₹67.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹276.00 Cr.. The value appears strong and on an upward trend. It has increased from 227.00 Cr. (Sep 2024) to ₹276.00 Cr., marking an increase of ₹49.00 Cr..
For OPM %, as of Dec 2024, the value is 20.00%. The value appears strong and on an upward trend. It has increased from 18.00% (Sep 2024) to 20.00%, marking an increase of 2.00%.
For Other Income, as of Dec 2024, the value is ₹2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 91.00 Cr. (Sep 2024) to ₹2.00 Cr., marking a decrease of 89.00 Cr..
For Interest, as of Dec 2024, the value is ₹1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹25.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 25.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹252.00 Cr.. The value appears to be declining and may need further review. It has decreased from 292.00 Cr. (Sep 2024) to ₹252.00 Cr., marking a decrease of 40.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2024) to 26.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is ₹186.00 Cr.. The value appears to be declining and may need further review. It has decreased from 220.00 Cr. (Sep 2024) to ₹186.00 Cr., marking a decrease of 34.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 13.89. The value appears to be declining and may need further review. It has decreased from ₹16.42 (Sep 2024) to 13.89, marking a decrease of ₹2.53.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:35 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,729	1,209	1,355	1,019	1,434	2,150	3,052	2,645	2,308	4,211	5,716	5,404	5,066
Expenses	1,558	1,120	1,249	980	1,209	1,839	2,383	2,135	1,867	3,628	4,705	4,205	4,174
Operating Profit	172	89	105	38	225	311	669	509	441	583	1,011	1,199	892
OPM %	10%	7%	8%	4%	16%	14%	22%	19%	19%	14%	18%	22%	18%
Other Income	70	64	74	57	76	99	-117	-197	-91	111	88	142	201
Interest	7	5	20	26	34	42	39	64	56	45	38	8	3
Depreciation	38	37	31	71	71	76	80	88	121	138	138	110	99
Profit before tax	197	111	129	-2	196	292	433	161	173	511	924	1,223	991
Tax %	23%	13%	29%	1,521%	41%	31%	53%	29%	30%	-35%	17%	22%
Net Profit	152	102	118	-24	116	200	202	115	121	692	768	952	753
EPS in Rs	10.80	7.39	8.79	-1.81	9.21	15.73	17.48	6.26	7.32	51.62	57.07	71.00	56.26
Dividend Payout %	28%	40%	28%	-69%	27%	19%	17%	20%	24%	5%	9%	14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-32.89%	15.69%	-120.34%	583.33%	72.41%	1.00%	-43.07%	5.22%	471.90%	10.98%	23.96%
Change in YoY Net Profit Growth (%)	0.00%	48.58%	-136.03%	703.67%	-510.92%	-71.41%	-44.07%	48.29%	466.68%	-460.92%	12.98%

Maharashtra Seamless Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	16%
5 Years:	12%
3 Years:	33%
TTM:	-13%

Compounded Profit Growth
10 Years:	30%
5 Years:	26%
3 Years:	69%
TTM:	-32%

Stock Price CAGR
10 Years:	20%
5 Years:	41%
3 Years:	34%
1 Year:	-27%

Return on Equity
10 Years:	10%
5 Years:	14%
3 Years:	18%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	35	34	34	34	34	34	34	34	34	34	67	67	67
Reserves	2,779	2,765	2,763	2,549	2,650	2,896	3,037	3,171	3,265	3,951	4,707	5,664	5,879
Borrowings	151	138	916	665	703	626	1,059	1,145	922	709	244	0	0
Other Liabilities	276	352	313	436	470	483	666	889	1,135	695	841	857	881
Total Liabilities	3,241	3,288	4,026	3,684	3,856	4,039	4,795	5,239	5,356	5,388	5,859	6,588	6,827
Fixed Assets	1,260	1,231	1,472	1,121	1,095	1,235	1,173	2,364	2,268	2,135	2,016	1,950	1,906
CWIP	150	34	37	31	119	17	23	29	9	13	14	3	5
Investments	740	834	1,373	1,444	1,529	1,461	1,276	1,007	1,071	646	1,177	2,098	2,625
Other Assets	1,091	1,189	1,143	1,088	1,113	1,326	2,322	1,840	2,008	2,593	2,651	2,537	2,291
Total Assets	3,241	3,288	4,026	3,684	3,856	4,039	4,795	5,239	5,356	5,388	5,859	6,588	6,827

Below is a detailed analysis of the balance sheet data for Maharashtra Seamless Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹67.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹67.00 Cr..
For Reserves, as of Sep 2024, the value is ₹5,879.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5,664.00 Cr. (Mar 2024) to ₹5,879.00 Cr., marking an increase of 215.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹881.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹857.00 Cr. (Mar 2024) to ₹881.00 Cr., marking an increase of 24.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹6,827.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹6,588.00 Cr. (Mar 2024) to ₹6,827.00 Cr., marking an increase of 239.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,906.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,950.00 Cr. (Mar 2024) to ₹1,906.00 Cr., marking a decrease of 44.00 Cr..
For CWIP, as of Sep 2024, the value is ₹5.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3.00 Cr. (Mar 2024) to ₹5.00 Cr., marking an increase of 2.00 Cr..
For Investments, as of Sep 2024, the value is ₹2,625.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,098.00 Cr. (Mar 2024) to ₹2,625.00 Cr., marking an increase of 527.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,291.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹2,537.00 Cr. (Mar 2024) to ₹2,291.00 Cr., marking a decrease of 246.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹6,827.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹6,588.00 Cr. (Mar 2024) to ₹6,827.00 Cr., marking an increase of 239.00 Cr..

Notably, the Reserves (₹5,879.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	21.00	-49.00	-811.00	-627.00	-478.00	-315.00	668.00	508.00	-481.00	-126.00	-243.00	1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	67	102	80	96	79	66	59	50	75	48	41	35
Inventory Days	155	186	189	246	192	132	150	172	255	182	148	175
Days Payable	13	63	28	65	55	34	53	129	194	61	29	32
Cash Conversion Cycle	210	225	241	277	215	165	155	93	135	169	160	178
Working Capital Days	177	250	233	289	219	181	223	151	171	165	135	137
ROCE %	6%	2%	3%	0%	6%	9%	18%	11%	9%	12%	20%	23%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	64.90%	67.00%	67.08%	67.26%	67.64%	67.80%	67.80%	67.86%	67.86%	68.00%	68.00%	68.04%
FIIs	1.00%	1.15%	1.28%	2.67%	3.08%	2.84%	5.96%	7.98%	10.50%	11.96%	9.23%	7.97%
DIIs	3.14%	3.41%	3.69%	4.00%	3.76%	3.92%	4.18%	4.26%	4.19%	3.81%	5.26%	4.34%
Public	30.96%	28.44%	27.95%	26.08%	25.52%	25.43%	22.05%	19.89%	17.44%	16.22%	17.49%	19.65%
No. of Shareholders	28,760	27,640	30,975	36,513	49,033	47,261	50,771	54,879	61,989	69,663	77,500	96,466

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HSBC Small Cap Fund - Regular Plan	1,852,367	0.69	118.98	1,300,497	2025-03-11	42.44%
Quant Active Fund	1,382,031	0.79	88.77	1,300,497	2025-03-11	6.27%
Quant Small Cap Fund	1,300,497	0.31	83.53	1,300,497	2025-03-11	0%
L&T Flexicap Fund - Regular Plan	568,662	1.54	44.49	1,300,497	2025-03-11	-56.27%
ITI Value Fund	44,011	0.93	2.83	1,300,497	2025-03-11	-96.62%
Nippon India Nifty Smallcap 250 Index Fund	39,253	0.13	2.52	1,300,497	2025-03-11	-96.98%
LIC MF Dividend Yield Fund	37,059	0.55	2.38	1,300,497	2025-03-11	-97.15%
SBI Nifty Smallcap 250 Index Fund	24,327	0.13	1.56	1,300,497	2025-03-11	-98.13%
DSP Nifty Smallcap250 Quality 50 Index Fund	22,801	0.96	1.46	1,300,497	2025-03-11	-98.25%
Motilal Oswal Nifty Smallcap 250 Index Fund	17,400	0.13	1.12	1,300,497	2025-03-11	-98.66%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	70.99	57.07	56.75	14.63	12.52
Diluted EPS (Rs.)	70.99	57.07	56.75	14.63	12.52
Cash EPS (Rs.)	80.89	69.76	85.25	40.18	34.88
Book Value[Excl.RevalReserv]/Share (Rs.)	427.36	355.96	551.74	492.36	478.31
Book Value[Incl.RevalReserv]/Share (Rs.)	427.66	356.27	551.74	492.36	478.31
Revenue From Operations / Share (Rs.)	403.29	426.60	626.91	344.53	394.75
PBDIT / Share (Rs.)	101.76	84.26	107.92	82.51	88.14
PBIT / Share (Rs.)	93.57	73.99	87.34	64.38	75.02
PBT / Share (Rs.)	92.94	71.13	79.78	29.68	28.63
Net Profit / Share (Rs.)	72.70	59.48	64.67	22.05	21.76
NP After MI And SOA / Share (Rs.)	70.99	57.07	56.75	14.63	12.52
PBDIT Margin (%)	25.23	19.75	17.21	23.94	22.32
PBIT Margin (%)	23.20	17.34	13.93	18.68	19.00
PBT Margin (%)	23.04	16.67	12.72	8.61	7.25
Net Profit Margin (%)	18.02	13.94	10.31	6.40	5.51
NP After MI And SOA Margin (%)	17.60	13.37	9.05	4.24	3.17
Return on Networth / Equity (%)	16.57	15.98	10.28	2.97	2.65
Return on Capital Employeed (%)	20.36	18.65	12.86	10.01	11.75
Return On Assets (%)	14.44	13.05	7.05	1.83	1.60
Long Term Debt / Equity (X)	0.00	0.03	0.13	0.21	0.25
Total Debt / Equity (X)	0.00	0.05	0.19	0.28	0.36
Asset Turnover Ratio (%)	0.86	1.02	0.68	0.42	0.53
Current Ratio (X)	8.40	5.90	3.15	2.04	1.89
Quick Ratio (X)	4.74	3.13	1.44	1.11	1.10
Inventory Turnover Ratio (X)	2.11	2.54	2.27	1.71	2.16
Dividend Payout Ratio (NP) (%)	7.04	4.38	6.16	17.08	47.92
Dividend Payout Ratio (CP) (%)	6.31	3.71	4.52	7.63	23.40
Earning Retention Ratio (%)	92.96	95.62	93.84	82.92	52.08
Cash Earning Retention Ratio (%)	93.69	96.29	95.48	92.37	76.60
Interest Coverage Ratio (X)	160.99	29.46	14.26	9.92	9.24
Interest Coverage Ratio (Post Tax) (X)	116.02	21.80	9.55	6.82	7.14
Enterprise Value (Cr.)	11266.08	4966.09	4354.20	2712.09	2394.60
EV / Net Operating Revenue (X)	2.08	0.86	1.04	1.17	0.90
EV / EBITDA (X)	8.26	4.40	6.02	4.91	4.05
MarketCap / Net Operating Revenue (X)	2.10	0.83	0.87	0.80	0.48
Retention Ratios (%)	92.95	95.61	93.83	82.91	52.07
Price / BV (X)	1.97	1.00	0.99	0.56	0.40
Price / Net Operating Revenue (X)	2.10	0.83	0.87	0.80	0.48
EarningsYield	0.08	0.15	0.10	0.05	0.06

After reviewing the key financial ratios for Maharashtra Seamless Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 70.99. This value is within the healthy range. It has increased from 57.07 (Mar 23) to 70.99, marking an increase of 13.92.
For Diluted EPS (Rs.), as of Mar 24, the value is 70.99. This value is within the healthy range. It has increased from 57.07 (Mar 23) to 70.99, marking an increase of 13.92.
For Cash EPS (Rs.), as of Mar 24, the value is 80.89. This value is within the healthy range. It has increased from 69.76 (Mar 23) to 80.89, marking an increase of 11.13.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 427.36. It has increased from 355.96 (Mar 23) to 427.36, marking an increase of 71.40.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 427.66. It has increased from 356.27 (Mar 23) to 427.66, marking an increase of 71.39.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 403.29. It has decreased from 426.60 (Mar 23) to 403.29, marking a decrease of 23.31.
For PBDIT / Share (Rs.), as of Mar 24, the value is 101.76. This value is within the healthy range. It has increased from 84.26 (Mar 23) to 101.76, marking an increase of 17.50.
For PBIT / Share (Rs.), as of Mar 24, the value is 93.57. This value is within the healthy range. It has increased from 73.99 (Mar 23) to 93.57, marking an increase of 19.58.
For PBT / Share (Rs.), as of Mar 24, the value is 92.94. This value is within the healthy range. It has increased from 71.13 (Mar 23) to 92.94, marking an increase of 21.81.
For Net Profit / Share (Rs.), as of Mar 24, the value is 72.70. This value is within the healthy range. It has increased from 59.48 (Mar 23) to 72.70, marking an increase of 13.22.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 70.99. This value is within the healthy range. It has increased from 57.07 (Mar 23) to 70.99, marking an increase of 13.92.
For PBDIT Margin (%), as of Mar 24, the value is 25.23. This value is within the healthy range. It has increased from 19.75 (Mar 23) to 25.23, marking an increase of 5.48.
For PBIT Margin (%), as of Mar 24, the value is 23.20. This value exceeds the healthy maximum of 20. It has increased from 17.34 (Mar 23) to 23.20, marking an increase of 5.86.
For PBT Margin (%), as of Mar 24, the value is 23.04. This value is within the healthy range. It has increased from 16.67 (Mar 23) to 23.04, marking an increase of 6.37.
For Net Profit Margin (%), as of Mar 24, the value is 18.02. This value exceeds the healthy maximum of 10. It has increased from 13.94 (Mar 23) to 18.02, marking an increase of 4.08.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 17.60. This value is within the healthy range. It has increased from 13.37 (Mar 23) to 17.60, marking an increase of 4.23.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.57. This value is within the healthy range. It has increased from 15.98 (Mar 23) to 16.57, marking an increase of 0.59.
For Return on Capital Employeed (%), as of Mar 24, the value is 20.36. This value is within the healthy range. It has increased from 18.65 (Mar 23) to 20.36, marking an increase of 1.71.
For Return On Assets (%), as of Mar 24, the value is 14.44. This value is within the healthy range. It has increased from 13.05 (Mar 23) to 14.44, marking an increase of 1.39.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.03 (Mar 23) to 0.00, marking a decrease of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. It has decreased from 0.05 (Mar 23) to 0.00, marking a decrease of 0.05.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.86. It has decreased from 1.02 (Mar 23) to 0.86, marking a decrease of 0.16.
For Current Ratio (X), as of Mar 24, the value is 8.40. This value exceeds the healthy maximum of 3. It has increased from 5.90 (Mar 23) to 8.40, marking an increase of 2.50.
For Quick Ratio (X), as of Mar 24, the value is 4.74. This value exceeds the healthy maximum of 2. It has increased from 3.13 (Mar 23) to 4.74, marking an increase of 1.61.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.11. This value is below the healthy minimum of 4. It has decreased from 2.54 (Mar 23) to 2.11, marking a decrease of 0.43.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 7.04. This value is below the healthy minimum of 20. It has increased from 4.38 (Mar 23) to 7.04, marking an increase of 2.66.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 6.31. This value is below the healthy minimum of 20. It has increased from 3.71 (Mar 23) to 6.31, marking an increase of 2.60.
For Earning Retention Ratio (%), as of Mar 24, the value is 92.96. This value exceeds the healthy maximum of 70. It has decreased from 95.62 (Mar 23) to 92.96, marking a decrease of 2.66.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 93.69. This value exceeds the healthy maximum of 70. It has decreased from 96.29 (Mar 23) to 93.69, marking a decrease of 2.60.
For Interest Coverage Ratio (X), as of Mar 24, the value is 160.99. This value is within the healthy range. It has increased from 29.46 (Mar 23) to 160.99, marking an increase of 131.53.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 116.02. This value is within the healthy range. It has increased from 21.80 (Mar 23) to 116.02, marking an increase of 94.22.
For Enterprise Value (Cr.), as of Mar 24, the value is 11,266.08. It has increased from 4,966.09 (Mar 23) to 11,266.08, marking an increase of 6,299.99.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.08. This value is within the healthy range. It has increased from 0.86 (Mar 23) to 2.08, marking an increase of 1.22.
For EV / EBITDA (X), as of Mar 24, the value is 8.26. This value is within the healthy range. It has increased from 4.40 (Mar 23) to 8.26, marking an increase of 3.86.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.10. This value is within the healthy range. It has increased from 0.83 (Mar 23) to 2.10, marking an increase of 1.27.
For Retention Ratios (%), as of Mar 24, the value is 92.95. This value exceeds the healthy maximum of 70. It has decreased from 95.61 (Mar 23) to 92.95, marking a decrease of 2.66.
For Price / BV (X), as of Mar 24, the value is 1.97. This value is within the healthy range. It has increased from 1.00 (Mar 23) to 1.97, marking an increase of 0.97.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.10. This value is within the healthy range. It has increased from 0.83 (Mar 23) to 2.10, marking an increase of 1.27.
For EarningsYield, as of Mar 24, the value is 0.08. This value is below the healthy minimum of 5. It has decreased from 0.15 (Mar 23) to 0.08, marking a decrease of 0.07.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Maharashtra Seamless Ltd as of March 12, 2025 is: ₹757.19

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Maharashtra Seamless Ltd is Undervalued by 15.78% compared to the current share price 654.00

Intrinsic Value of Maharashtra Seamless Ltd as of March 12, 2025 is: 1,138.53

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Maharashtra Seamless Ltd is Undervalued by 74.09% compared to the current share price 654.00

Last 5 Year EPS CAGR: 50.36%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (3,544.31 cr) compared to borrowings (559.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.54 cr) and profit (316.69 cr) over the years.	The stock has a low average ROCE of 9.92%, which may not be favorable. The stock has a high average Working Capital Days of 194.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 185.25, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Maharashtra Seamless Ltd:
1. Net Profit Margin: 18.02%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.36% (Industry Average ROCE: 22.9%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.57% (Industry Average ROE: 18.1%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 116.02
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 4.74
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 11.6 (Industry average Stock P/E: 11.6)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Maharashtra Seamless Ltd. is a Public Limited Listed company incorporated on 10/05/1988 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1988PLC080545 and registration number is 080545. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company's Total Operating Revenue is Rs. 5403.12 Cr. and Equity Capital is Rs. 67.00 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Steel - Seamless Tubes	Pipe Nagar, Raigad District Maharashtra 402126	secretarial@mahaseam.com http://www.jindal.com

Management
Name	Position Held
Mr. D P Jindal	Chairman
Mr. Saket Jindal	Managing Director
Mr. Raghav Jindal	Joint Managing Director
Mr. S P Raj	Director
Mr. P N Vijay	Director
Mr. Ashok Bhandari	Director
Dr. Roma Kumar	Director
Mr. Sanjeev Rungta	Director

FAQ

What is the latest intrinsic value of Maharashtra Seamless Ltd?

The latest intrinsic value of Maharashtra Seamless Ltd as on 09 March 2025 is ₹757.19, which is 15.78% higher than the current market price of 654.00, indicating the stock is undervalued by 15.78%. The intrinsic value of Maharashtra Seamless Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹8,756 Cr. and recorded a high/low of ₹964/563 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹5,879 Cr and total liabilities of ₹6,827 Cr.

What is the Market Cap of Maharashtra Seamless Ltd?

The Market Cap of Maharashtra Seamless Ltd is 8,756 Cr..

What is the current Stock Price of Maharashtra Seamless Ltd as on 09 March 2025?

The current stock price of Maharashtra Seamless Ltd as on 09 March 2025 is ₹654.

What is the High / Low of Maharashtra Seamless Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Maharashtra Seamless Ltd stocks is ₹964/563.

What is the Stock P/E of Maharashtra Seamless Ltd?

The Stock P/E of Maharashtra Seamless Ltd is 11.6.

What is the Book Value of Maharashtra Seamless Ltd?

The Book Value of Maharashtra Seamless Ltd is 444.

What is the Dividend Yield of Maharashtra Seamless Ltd?

The Dividend Yield of Maharashtra Seamless Ltd is 1.53 %.

What is the ROCE of Maharashtra Seamless Ltd?

The ROCE of Maharashtra Seamless Ltd is 22.9 %.

What is the ROE of Maharashtra Seamless Ltd?

The ROE of Maharashtra Seamless Ltd is 18.1 %.

What is the Face Value of Maharashtra Seamless Ltd?

The Face Value of Maharashtra Seamless Ltd is 5.00.