Maharashtra Seamless Ltd (MAHSEAMLES) — shareholding pattern, promoter holding, financials and share price
About Maharashtra Seamless Ltd (MAHSEAMLES)
Maharashtra Seamless Ltd operates in the Iron & Steel Products industry, within the Capital Goods sector. It trades on the NSE as MAHSEAMLES and on the BSE under scrip code 500265. Its ISIN is INE271B01025.
Incorporated in 1988, Maharashtra Seamless Ltd manufactures seamless pipes & tubes, ERW pipes. It is also in the business of renewable power generation and rig operations [1]
Maharashtra Seamless Limited (MSL) is a leading manufacturer of seamless and ERW pipes and tubes. The company also engages in renewable energy generation and operates offshore drilling rigs, marking a diverse operational portfolio.
The company reported a significant decline in revenues over quarters, with Q3 FY26 revenues at Rs. 1290 crores, down from Rs. 1410 crores in Q3 FY25. However, PAT margins improved dramatically from 14% in Q3 FY25 to 23% in Q3 FY26, indicating effective cost management.
Listed peers in Iron & Steel Products: Jayaswal Neco Industries Ltd, Sunflag Iron & Steel Company Ltd, Technocraft Industries (India) Ltd, Surya Roshni Ltd, Aeroflex Industries Ltd, Goodluck India Ltd.
Valuation & Returns
10 Jul 2026At ₹600.05 a share on 10 Jul 2026, Maharashtra Seamless Ltd (MAHSEAMLES) was valued at a price-to-earnings ratio of 11.47x against an industry P/E of 37x and a price-to-book of 1.27x on a book value of ₹473.13 per share as of Mar 2025. Solomo computes return on equity of 11.06% and return on capital employed of 14.86% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 11.47x
- Industry P/E
- 37x
- P/B
- 1.27x
- EPS (TTM)
- ₹52.32
- Book value / share
- ₹473.13
- ROE
- 11.06%
- ROCE
- 14.86%
- ROA
- 9.97%
- Debt / equity
- 0x
- Dividend yield
- 1.67%
- EBITDA margin
- 22.51%
- 52-week range
- ₹500 – ₹749
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Maharashtra Seamless Ltd (MAHSEAMLES) reported revenue of ₹4,674 crore, net profit of ₹701 crore and earnings per share of ₹52.34. That compares with revenue of ₹5,269 crore and net profit of ₹777 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,280 crore and net profit ₹103 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 4,211 | 5,716 | 5,404 | 5,269 | 4,674 |
| Net profit (₹ cr) | 692 | 768 | 952 | 777 | 701 |
| EPS (₹) | 51.62 | 57.07 | 71 | 58.03 | 52.34 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 18.90% | 15.01% | 9.83% | -2.51% |
| Profit growth | 43.12% | - | 3.68% | -18.32% |
| Stock price CAGR | 18% | 30% | 8% | -20% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 70.28% of Maharashtra Seamless Ltd (MAHSEAMLES) (unchanged from the previous quarter), foreign institutional investors (FII) hold 9.72% and domestic institutional investors (DII) hold 3.84%. Market capitalisation was ₹8,041 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2001.
Largest disclosed public shareholders in Jun 2026: QUANT MUTUAL FUND - QUANT MULTI CAP FUND 2%, JHANJHARI HOLDINGS P LTD 1.03%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 70.28% | - | 9.72% | 3.84% | 29.72% |
| Mar 2026 | 70.28% | - | 9.59% | 3.29% | 29.72% |
| Dec 2025 | 69.81% | - | 9.52% | 2.91% | 30.19% |
| Sep 2025 | 69.05% | - | 9.86% | 3.63% | 30.95% |
| Jun 2025 | 68.87% | - | 10.42% | 4.08% | 31.13% |
| Mar 2025 | 68.86% | - | 9.63% | 3.96% | 31.14% |
| Dec 2024 | 68.07% | - | 9.12% | 3.86% | 31.93% |
| Sep 2024 | 68.04% | - | 7.97% | 4.38% | 31.96% |