Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Maharashtra Seamless Ltd

About the Company - Maharashtra Seamless Ltd

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 belongs to the Industry of Steel - Seamless Tubes. Company’s Total Operating Revenue is Rs. 3556.08 Cr. and Equity Capital is Rs. 33.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Seamless TubesPipe Nagar, Village - Sukeli, Raigad District Maharashtra 402126secretarial@mahaseam.com
http://www.jindal.com
Management
NamePosition Held
Mr. D P JindalChairman
Mr. Saket JindalManaging Director
Mr. S P RajDirector
Mr. P N VijayDirector
Mr. Ashok BhandariDirector
Mr. Sanjeev RungtaDirector
Dr. Roma KumarDirector
Mr. Raghav JindalJoint Managing Director

Maharashtra Seamless Ltd. Share Price Update

Share PriceValue
Today₹983.20
Previous Day₹1,013.95

Basic Stock Data of Maharashtra Seamless Ltd

Market Cap 12,735 Cr.
Current Price 950
High / Low1,099/300
Stock P/E11.5
Book Value 386
Dividend Yield0.52 %
ROCE19.8 %
ROE17.5 %
Face Value 5.00

Data Source: screener.in

Maharashtra Seamless Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5795627096909511,1391,4281,3341,4141,3391,6331,2231,535
Expenses4594805665708169791,2621,1151,1711,1001,3199881,207
Operating Profit12083142120135160167220243239314235328
OPM %21%15%20%17%14%14%12%16%17%18%19%19%21%
Other Income3623-16432322226182218273330
Interest1513121111121211139671
Depreciation29362735343435353435343426
Profit before tax11256-61106122136146193217213301228331
Tax %26%5%3%10%22%24%-171%28%26%-19%-24%9%24%
Net Profit8353-609695104396140161252373207251
EPS in Rs6.243.94-4.297.156.787.0729.3110.4112.0218.8127.6215.4118.69

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:13%
5 Years:22%
3 Years:29%
TTM:6%
Compounded Profit Growth
10 Years:20%
5 Years:32%
3 Years:67%
TTM:29%
Stock Price CAGR
10 Years:28%
5 Years:32%
3 Years:89%
1 Year:214%
Return on Equity
10 Years:8%
5 Years:12%
3 Years:15%
Last Year:17%

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5767102809679665950754841
Inventory Days174155186189246192132150172255182148
Days Payable36136328655534531291946129
Cash Conversion Cycle19521022524127721516515593135169160
Working Capital Days162177250233289219181223151171165135
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)
HSBC Small Cap Fund - Regular Plan26076281.62187.1
HSBC Flexi Cap Fund8424021.7260.44
L&T Flexicap Fund - Regular Plan5686621.5444.49
HSBC Multi Cap Fund1570050.6311.27

Maharashtra Seamless Ltd ROCE Trend

Maharashtra Seamless Ltd EPS Trend

Maharashtra Seamless Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)57.0756.7514.6312.5234.96
Diluted EPS (Rs.)57.0756.7514.6312.5234.96
Cash EPS (Rs.)69.7685.2540.1834.8838.36
Book Value[Excl.RevalReserv]/Share (Rs.)355.96551.74492.36478.31458.23
Book Value[Incl.RevalReserv]/Share (Rs.)356.27551.74492.36478.31458.23
Revenue From Operations / Share (Rs.)426.60626.91344.53394.75458.62
PBDIT / Share (Rs.)84.26107.9282.5188.14110.07
PBIT / Share (Rs.)73.9987.3464.3875.0298.18
PBT / Share (Rs.)71.1379.7829.6828.6360.97
Net Profit / Share (Rs.)59.4864.6722.0521.7626.48
NP After MI And SOA / Share (Rs.)57.0756.7514.6312.5234.96
PBDIT Margin (%)19.7517.2123.9422.3223.99
PBIT Margin (%)17.3413.9318.6819.0021.40
PBT Margin (%)16.6712.728.617.2513.29
Net Profit Margin (%)13.9410.316.405.515.77
NP After MI And SOA Margin (%)13.379.054.243.177.62
Return on Networth / Equity (%)15.9810.282.972.657.62
Return on Capital Employeed (%)18.6512.8610.0111.7515.68
Return On Assets (%)13.057.051.831.604.88
Long Term Debt / Equity (X)0.030.130.210.250.27
Total Debt / Equity (X)0.050.190.280.360.34
Asset Turnover Ratio (%)1.020.680.420.530.73
Current Ratio (X)5.903.152.041.893.97
Quick Ratio (X)3.131.441.111.102.69
Inventory Turnover Ratio (X)2.542.271.712.163.15
Dividend Payout Ratio (NP) (%)4.386.1617.0847.9217.16
Dividend Payout Ratio (CP) (%)3.714.527.6323.4012.80
Earning Retention Ratio (%)95.6293.8482.9252.0882.84
Cash Earning Retention Ratio (%)96.2995.4892.3776.6087.20
Interest Coverage Ratio (X)29.4614.269.929.2418.97
Interest Coverage Ratio (Post Tax) (X)21.809.556.827.1410.98
Enterprise Value (Cr.)4966.094354.202712.092394.604327.25
EV / Net Operating Revenue (X)0.861.041.170.901.41
EV / EBITDA (X)4.406.024.914.055.87
MarketCap / Net Operating Revenue (X)0.830.870.800.481.08
Retention Ratios (%)95.6193.8382.9152.0782.83
Price / BV (X)1.000.990.560.401.08
Price / Net Operating Revenue (X)0.830.870.800.481.08
EarningsYield0.150.100.050.060.07

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 of Maharashtra Seamless Ltd Stock

Fair Value: ₹780.86

The stock is overvalued by 17.80% compared to the current price ₹950

*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 is trading at a high valuation with an average P/B ratio of 79.78 and average Dividend Yield of 18.07%.
  2. The stock has a low average ROCE of 8.00%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 196.33, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 186.67, which may not be favorable.

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