Stock Has More Than Doubled In A Year; Now Company Got Order From Govt Company For Pipes
Today, in this post we’ll discuss about Maharashtra Seamless latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Maharashtra Seamless(NSE: MAHSEAMLES), a company in the iron and steel segment, has received a big order.
The company has informed the stock market about this order on Thursday. According to the information given, this order has been given to the company by ONGC.
Due to the closure of the stock market on Thursday, the impact of this news will now be seen in Friday’s trading. On Friday the share opened at Rs 950.95.
In the last session, the stock had closed with a decline of about half a percent.
The stock is a multibagger for its investors and the value of investment in the stock has more than doubled in a year.
What Is The Information About The Order?
In the information sent to the stock market, the company said that it had received an order from ONGC for the supply of seamless pipes.
The amount of this order is approximately 674 crores rupees.
The company said that the total period for the entire order has been kept at 44 weeks and it has to supply these pipes from time to time during the given period.
In January itself, the company informed that it had received an order worth Rs 116 crore from Indian Oil Corporation.
In the December quarter, the company’s income was Rs 1431 crore with an increase of about 7 percent.
At the same time, profit during the quarter increased by about 61 percent and increased from Rs 171.76 crore to Rs 275.95 crore.
There was an improvement of 53 percent in EBITDA when compared to the previous year.
Bumper Returns To Investors In Stocks
Investors have got bumper returns on the stock. However, after the December quarter results, there has been a slowdown in the stock.
The stock has fallen 5 percent in three months and about 4 percent in one month. However, even after this fall, the stock’s return in the last year has been 135.77 percent.
Whereas the 3-year return is 538 percent.
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 | ₹ 12,016 Cr. |
| Current Price | ₹ 918.90 |
| 52-wk High | ₹ ₹ 1,099 |
| 52-wk Low | ₹ 380 |
| Stock P/E | 10.9 |
| Book Value | ₹ 386 |
| Dividend | 0.56 % |
| ROCE | 19.8 % |
| ROE | 17.5 % |
| Face Value | ₹ 5.00 |
| P/B Value | 2.33 |
| OPM | 21.3 % |
| EPS | ₹ 82.3 |
| Debt | ₹ 0.00 Cr. |
| Debt to Equity | 0.00 |
Maharashtra Seamless 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 |
Hot Stocks AlertJoin
Maharashtra Seamless Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 67.80% |
| June 2023 | 67.80% |
| Sept 2023 | 67.86% |
| Dec 2023 | 67.86% |
| Mar 2024 | 68.00% |
| FII Holding | |
| Mar 2023 | 2.84% |
| June 2023 | 5.96% |
| Sept 2023 | 7.98% |
| Dec 2023 | 10.50% |
| Mar 2024 | 11.96% |
| DII Holding | |
| Mar 2023 | 3.92% |
| June 2023 | 4.18% |
| Sept 2023 | 4.26% |
| Dec 2023 | 4.19% |
| Mar 2024 | 3.81% |
| Public Holding | |
| Mar 2023 | 25.43% |
| June 2023 | 22.05% |
| Sept 2023 | 19.89% |
| Dec 2023 | 17.44% |
| Mar 2024 | 16.22% |
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 | ₹ 5,822 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 202 Cr |
| 2020 | ₹ 115 Cr |
| 2021 | ₹ 121 Cr |
| 2022 | ₹ 692 Cr |
| 2023 | ₹ 1,106 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: | 29% |
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: | 6% |
Conclusion
This article is a complete guide about Maharashtra Seamless 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.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.
