Maharashtra Seamless Ltd (NSE: MAHSEAMLES): Maharashtra Seamless is a giant seamless steel pipe manufacturer that received a large order from Indian Oil at the weekend.
The company sent out information to the stock exchange stating that they had received an order for Rs 116 crore.
The oil will be delivered to Indian Oil. Maharashtra Seamless shares closed this week at Rs 995. It has returned 225 percent within a year.
Maharashtra Seamless Order Book Is Strong
Maharashtra Seamless, a leader in seamless pipes and carbon pipes, hollow sections pipes, and welded tubes, is one of the leading companies that manufactures and sells these products.
The company was founded in 1985. On Monday, 29 January, the company will also be releasing Q3 results.
The company has a strong order book. ONGC had previously placed an order for Rs 187 crore with the company. The order book stood at Rs 1459 crore as of September 30th, 2023.
Company Is The Leader In The Segment Of Seamless Pipes
The market share of the company in seamless pipes is 55%. The market share for ERW pipes is 18%.
The company also has a presence in the field of renewable energy. Sales are supported by the growing demand for crude.
Its clients include BPCL (Indian Oil), GAIL India, ONGC (National Oil Corporation of India), NTPC and Hindustan Petroleum.
Maharashtra Seamless Share Price History
Maharashtra Seamless shares closed this week at Rs 995. The high for the 52 weeks is Rs 1082, which is also a record high. The low is Rs 297.
The company’s market capitalization is Rs 13,320 Crore. The stock price has increased 7 percent within a month, 55 percent in three months, 95 percent in six months, and 225 percent in a year.
Return on investment is near 570 percent over three years.
About Maharashtra Seamless Ltd
Maharashtra Seamless Limited, a company based in India. The company was founded in 1988.
Steel Pipes and Tubes are its main business. Steel Pipes & Tubes is one of its segments. The others are Power Electricity and RIG.
Electric Resistance Welding pipes (ERW): American Petroleum Institute line pipes (API), mild steel (MS) or galvanized tubes, and oil country tube goods (OTCG casing tubing).
Seamless tubes: boiler tubes, cold drawn pipes, OTCG casing tubes, and OTCG drilling pipe.
Coated pipes include three-layer coatings of polyethylene, an internal coating, fusion bonded epoxy, three-layer coatings of polypropylene, and pipe fittings.
The company’s total operating revenue is Rs 5707.13 Crores. Its equity capital is Rs. 67.00 Crores.
Fundamental Analysis of Maharashtra Seamless Ltd
| Market Cap | ₹ 13,320 Cr. |
| Current Price | ₹ 990.15 |
| 52-wk High | ₹ 1,081.45 |
| 52-wk Low | ₹ 297.05 |
| Stock P/E | 14.88 |
| Book Value | ₹ 386 |
| Dividend | 0.50 % |
| ROCE | 19.8 % |
| ROE | 17.5 % |
| Face Value | ₹ 5.00 |
| P/B Value | 2.58 |
| OPM | 19.5 % |
| EPS | ₹ 80.5 |
| Debt | ₹ 0.00 Cr. |
| Debt to Equity | 0.00 |
Maharashtra Seamless Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1000 | ₹1056 |
| 2025 | ₹1100 | ₹1232 |
| 2026 | ₹1343 | ₹1435 |
| 2027 | ₹1455 | ₹1500 |
| 2028 | ₹1543 | ₹1587 |
| 2029 | ₹1700 | ₹1765 |
| 2030 | ₹1800 | ₹1822 |
Maharashtra Seamless Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 67.64% |
| Mar 2023 | 67.80% |
| June 2023 | 67.80% |
| Sept 2023 | 67.86% |
| Dec 2023 | 67.86% |
| FII Holding | |
| Dec 2022 | 3.08% |
| Mar 2023 | 2.84% |
| June 2023 | 5.96% |
| Sept 2023 | 7.98% |
| Dec 2023 | 10.50% |
| DII Holding | |
| Dec 2022 | 3.76% |
| Mar 2023 | 3.92% |
| June 2023 | 4.18% |
| Sept 2023 | 4.26% |
| Dec 2023 | 4.19% |
| Public Holding | |
| Dec 2022 | 25.52% |
| Mar 2023 | 25.43% |
| June 2023 | 22.05% |
| Sept 2023 | 19.89% |
| Dec 2023 | 17.44% |
Maharashtra Seamless Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 3,052 Cr |
| 2020 | ₹ 2,645 Cr |
| 2021 | ₹ 2,308 Cr |
| 2022 | ₹ 4,211 Cr |
| 2023 | ₹ 5,730 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 202 Cr |
| 2020 | ₹ 115 Cr |
| 2021 | ₹ 121 Cr |
| 2022 | ₹ 692 Cr |
| 2023 | ₹ 1,082 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.34 |
| 2020 | 0.36 |
| 2021 | 0.28 |
| 2022 | 0.19 |
| 2023 | 0.05 |
Last 10 Years’ Profit Growth:
| 10 Years: | 20% |
| 5 Years: | 32% |
| 3 Years: | 67% |
| Current Year: | 37% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 15% |
| Last Year: | 17% |
Sales Growth Over 10 Years:
| 10 Years: | 13% |
| 5 Years: | 22% |
| 3 Years: | 29% |
| Current Year: | 8% |
Conclusion
This article is a complete guide about Maharashtra Seamless Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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