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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Maharashtra Seamless Ltd

About the Company - Maharashtra Seamless Ltd

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Basic Stock Data of Maharashtra Seamless Ltd

Last Updated: June 19, 2024, 2:34 pm

Market Cap 9,049 Cr.
Current Price 675
High / Low1,099/444
Stock P/E9.49
Book Value 428
Dividend Yield0.73 %
ROCE22.9 %
ROE18.1 %
Face Value 5.00
PEG Ratio0.14

Maharashtra Seamless Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5627096909511,1391,4281,3341,4141,3391,6331,2231,5351,431
Expenses4805665708169791,2621,1151,1711,1001,3199881,2071,065
Operating Profit83142120135160167220243239314235328366
OPM %15%20%17%14%14%12%16%17%18%19%19%21%26%
Other Income23-1643232222618221827333035
Interest131211111212111396711
Depreciation36273534343535343534342626
Profit before tax56-61106122136146193217213301228331374
Tax %5%3%10%22%24%-171%28%26%25%-24%9%24%26%
Net Profit53-609695104396140161160373207251276
EPS in Rs3.94-4.297.156.787.0729.3110.4112.0211.9127.6215.4218.6920.59

Last Updated: June 5, 2024, 10:58 am

Maharashtra Seamless Ltd Quarterly Chart

Maharashtra Seamless Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,3001,7291,2091,3551,0191,4342,1503,0522,6452,3084,2115,7165,822
Expenses1,9081,5581,1201,2499801,2091,8392,3832,1351,8673,6284,7054,580
Operating Profit39217289105382253116695094415831,0111,242
OPM %17%10%7%8%4%16%14%22%19%19%14%18%21%
Other Income76706474577699-117-197-9111188125
Interest67520263442396456453814
Depreciation213837317171768088121138138120
Profit before tax441197111129-21962924331611735119241,234
Tax %30%23%13%29%-1,521%41%31%53%29%30%-35%17%
Net Profit308152102118-241162002021151216927681,106
EPS in Rs21.8610.807.398.79-1.819.2115.7317.486.267.3251.6257.0782.32
Dividend Payout %14%28%40%28%-69%27%19%17%20%24%5%9%

Maharashtra Seamless Ltd Profit & Loss Yearly Chart

Maharashtra Seamless Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:12%
3 Years:33%
TTM:-5%
Compounded Profit Growth
10 Years:30%
5 Years:26%
3 Years:69%
TTM:24%
Stock Price CAGR
10 Years:18%
5 Years:26%
3 Years:65%
1 Year:46%
Return on Equity
10 Years:10%
5 Years:14%
3 Years:18%
Last Year:18%

Last Updated: June 15, 2024, 4:31 pm

Maharashtra Seamless Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital35353434343434343434346767
Reserves2,7212,7792,7652,7632,5492,6502,8963,0373,1713,2653,9514,7075,098
Preference Capital0001386363000000
Borrowings871511387796026406261,0591,1459227092440
Other Liabilities3792763524514995324836668891,135695841905
Total Liabilities3,2223,2413,2884,0263,6843,8564,0394,7955,2395,3565,3885,8596,071
Fixed Assets1,3291,2601,2311,4721,1211,0951,2351,1732,3642,2682,1352,0161,978
CWIP141503437311191723299131411
Investments5207408341,3731,4441,5291,4611,2761,0071,0716461,1771,477
Other Assets1,3601,0911,1891,1431,0881,1131,3262,3221,8402,0082,5932,6512,605
Total Assets3,2223,2413,2884,0263,6843,8564,0394,7955,2395,3565,3885,8596,071

Maharashtra Seamless Ltd Reserves and Borrowings Chart

Maharashtra Seamless Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 8630010910412224193-183748447-269912
Cash from Investing Activity -96-313-59-63012-10713-161-730-183563-386
Cash from Financing Activity 223-26527-141-133-953877-285-286-542
Net Cash Flow12-10232-62104425-218-17

Maharashtra Seamless Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6710280967966595075484135
Inventory Days155186189246192132150172255182148175
Days Payable13632865553453129194612932
Cash Conversion Cycle21022524127721516515593135169160178
Working Capital Days177250233289219181223151171165135211
ROCE %6%2%3%0%6%9%18%11%9%12%20%

Maharashtra Seamless Ltd Financial Efficiency Indicators Chart

Maharashtra Seamless Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters63.78%63.78%63.73%63.82%64.90%67.00%67.08%67.26%67.64%67.80%67.80%67.86%
FIIs0.96%0.91%0.91%1.05%1.00%1.15%1.28%2.67%3.08%2.84%5.96%7.98%
DIIs6.84%6.05%5.12%4.37%3.14%3.41%3.69%4.00%3.76%3.92%4.18%4.26%
Public28.42%29.26%30.23%30.76%30.96%28.44%27.95%26.08%25.52%25.43%22.05%19.89%
No. of Shareholders28,18428,05330,13429,47228,76027,64030,97536,51349,03347,26150,77154,879

Maharashtra Seamless Ltd Shareholding Pattern Chart

No. of Maharashtra Seamless Ltd Shareholders

Maharashtra Seamless Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Small Cap Fund - Regular Plan2,607,6281.62187.12,607,6282024-06-170%
HSBC Flexi Cap Fund842,4021.7260.442,607,6282024-06-17-67.69%
L&T Flexicap Fund - Regular Plan568,6621.5444.492,607,6282024-06-17-78.19%
HSBC Multi Cap Fund157,0050.6311.272,607,6282024-06-17-93.98%

Maharashtra Seamless Ltd ROCE Trend

Maharashtra Seamless Ltd EPS Trend

Maharashtra Seamless Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)70.9957.0756.7514.6312.52
Diluted EPS (Rs.)70.9957.0756.7514.6312.52
Cash EPS (Rs.)80.8969.7685.2540.1834.88
Book Value[Excl.RevalReserv]/Share (Rs.)427.66355.96551.74492.36478.31
Book Value[Incl.RevalReserv]/Share (Rs.)427.66356.27551.74492.36478.31
Revenue From Operations / Share (Rs.)403.29426.60626.91344.53394.75
PBDIT / Share (Rs.)101.7684.26107.9282.5188.14
PBIT / Share (Rs.)93.5773.9987.3464.3875.02
PBT / Share (Rs.)92.9471.1379.7829.6828.63
Net Profit / Share (Rs.)72.7159.4864.6722.0521.76
NP After MI And SOA / Share (Rs.)70.9957.0756.7514.6312.52
PBDIT Margin (%)25.2319.7517.2123.9422.32
PBIT Margin (%)23.2017.3413.9318.6819.00
PBT Margin (%)23.0416.6712.728.617.25
Net Profit Margin (%)18.0213.9410.316.405.51
NP After MI And SOA Margin (%)17.6013.379.054.243.17
Return on Networth / Equity (%)16.6015.9810.282.972.65
Return on Capital Employeed (%)20.3618.6512.8610.0111.75
Return On Assets (%)14.4313.057.051.831.60
Long Term Debt / Equity (X)0.000.030.130.210.25
Total Debt / Equity (X)0.000.050.190.280.36
Asset Turnover Ratio (%)0.861.020.680.420.53
Current Ratio (X)8.395.903.152.041.89
Quick Ratio (X)4.733.131.441.111.10
Inventory Turnover Ratio (X)2.112.542.271.712.16
Dividend Payout Ratio (NP) (%)0.004.386.1617.0847.92
Dividend Payout Ratio (CP) (%)0.003.714.527.6323.40
Earning Retention Ratio (%)0.0095.6293.8482.9252.08
Cash Earning Retention Ratio (%)0.0096.2995.4892.3776.60
Interest Coverage Ratio (X)160.9929.4614.269.929.24
Interest Coverage Ratio (Post Tax) (X)116.0321.809.556.827.14
Enterprise Value (Cr.)11279.464966.094354.202712.092394.60
EV / Net Operating Revenue (X)2.090.861.041.170.90
EV / EBITDA (X)8.274.406.024.914.05
MarketCap / Net Operating Revenue (X)2.100.830.870.800.48
Retention Ratios (%)0.0095.6193.8382.9152.07
Price / BV (X)1.981.000.990.560.40
Price / Net Operating Revenue (X)2.100.830.870.800.48
EarningsYield0.080.150.100.050.06

Maharashtra Seamless Ltd Profitability Ratios (%)

Maharashtra Seamless Ltd Liquidity Ratios

Maharashtra Seamless Ltd Liquidity Ratios (%)

Maharashtra Seamless Ltd Interest Coverage Ratios (%)

Maharashtra Seamless Ltd Valuation Ratios

Fair Value

Fair Value: 740.54

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.

Undervalued: 9.71% compared to the current price 675

Intrinsic Value: 1,239.75

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 83.67% compared to the current price ₹675

Last 5 Year EPS CAGR: 67.41%

*Investments are subject to market risks

Strength and Weakness of Maharashtra Seamless Ltd Stock

StrengthWeakness
  1. The company has higher reserves (3,257.85 cr) compared to borrowings (20.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.31 cr) and profit (274.38 cr) over the years.
  1. The stock has a low average ROCE of 8.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 200.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 185.25, which may not be favorable.

FAQ

What is the latest fair value of Maharashtra Seamless Ltd?

The latest fair value of Maharashtra Seamless Ltd is ₹740.54.

What is the Market Cap of Maharashtra Seamless Ltd?

The Market Cap of Maharashtra Seamless Ltd is 9,049 Cr..

What is the current Stock Price of Maharashtra Seamless Ltd as on 19 June 2024?

The current stock price of Maharashtra Seamless Ltd as on 19 June 2024 is ₹675.

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

In FY 2024, the High / Low of Maharashtra Seamless Ltd stocks is 1,099/444.

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

The Stock P/E of Maharashtra Seamless Ltd is 9.49.

What is the Book Value of Maharashtra Seamless Ltd?

The Book Value of Maharashtra Seamless Ltd is 428.

What is the Dividend Yield of Maharashtra Seamless Ltd?

The Dividend Yield of Maharashtra Seamless Ltd is 0.73 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Maharashtra Seamless Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE