Maharashtra Seamless Ltd

500265 Momentum

Summary

Fair Value Assessment
Momentum
Undervalued (28% Discount)
Fair ValueQ969.45UncertaintyHigh
Close Price696.60Mar 25, 2025
Market Closed
678.55
Price Down by 18.05 | 2.59 %
Previous Close
696.60
Day Range
673.30 – 701.75
Year Range
562.65 – 964.35
Bid / Ask
Market Cap
90.9 Bil
Volume / Average
8.6 k / 20.6 k
Beta (5-Year)
1.11
Shares Outstanding
134.00 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of Electric Resistance Welded pipes which include Black and Galvanized pipes sold under the brand Jindal Star and Seamless Pipes and Tubes which include Hot finished, Cold drawn, and Pilgered pipes. Its products are used in various applications and sectors like Oil and Gas, Hydrocarbon, Power, Agriculture, Housing, and Infrastructure, among others. Its segments consist of Steel Pipes and Tubes and Power-Electricity, Rig, and Others. The majority of the revenue is derived from the sale of Steel Pipes and Tubes.
Contact
5 Pusa Road 2nd Floor, New Delhi 110 005
T +91 1128752862
www.jindal.com opens in a new tab
Sector
Basic Materials
Industry
Steel
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
1,691

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
49.33 52.72 55.75 40.89 22.44 25.80
Revenue Growth %
-13.16% -5.44% 35.96% 82.18% -13.00% -13.02%
Gross Profit
11.35 13.74 12.48 7.21 5.61 6.22
Gross Profit Margin %
23.02% 26.07% 22.38% 17.64% 24.99% 24.11%
Operating Income
8.12 11.13 9.21 4.74 3.46 4.53
Operating Margin %
16.47% 21.11% 16.52% 11.60% 15.40% 17.55%
EBIT
9.49 11.86 9.08 5.06 1.81 1.87
EBIT Margin %
19.23% 22.50% 16.29% 12.37% 8.09% 7.24%
EBITDA
10.48 12.96 10.46 6.44 3.03 2.75
EBITDA Margin %
21.24% 24.58% 18.76% 15.74% 13.50% 10.64%
Net Income
7.89 9.51 7.65 3.80 0.98 0.84
Net Profit Margin %
15.27% 18.05% 13.77% 9.88% 5.41% 4.45%
Basic EPS
58.91 70.99 57.07 28.38 7.32 6.26
Diluted EPS
58.91 70.99 57.07 28.38 7.32 6.26
Normalized EPS
44.03 62.84 52.51 48.14 16.97 19.86
Total Dividends per Share
10.00 5.00 2.50 1.75 1.25 3.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
68.27 65.88 58.59 53.88 53.56 52.39
Total Liabilities
8.81 8.57 10.85 16.91 20.57 20.35
Total Debt
2.44 7.09 9.22 11.45
Total Equity
59.46 57.31 47.74 36.97 32.99 32.05
Cash And Cash Equivalents
0.56 0.55 0.54 0.47 0.63 0.84
Working Capital
33.32 31.84 26.64 18.07 10.87 8.56
Shares Outstanding (Bil)
0.13 0.13 0.13 0.13 0.13 0.13
Book Value Per Share
427.67 356.27 275.87 246.18 242.15
Total Debt To Equity
0.00 0.05 0.19 0.28 0.36
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
10.26 10.41 9.12 -2.87 4.47 7.48
Cash From Investing Activities
-9.31 -7.22 -3.82 5.65 -1.78 -7.44
Cash From Financing Activities
-1.36 -3.20 -5.42 -2.91 -2.85 0.07
Capital Expenditures
0.32 0.19 0.08 0.20 8.46
Free Cash Flow
9.95 9.50 6.23 4.04 -4.97
Change in Cash
-0.40 -0.12 -0.13 -0.16 0.11

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Raghav Jindal (—) Director and Joint Managing Director
Saket Jindal (—) Director and Managing Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
Quant Active Gr 1.03 0.97 1,382,031
Feb 28, 2025
Quant Small Cap Gr 0.97 0.35 1,300,497
Feb 28, 2025
HSBC Small Cap Fund Reg Gr 0.83 0.51 1,105,842
Feb 28, 2025
Vanguard Total Intl Stock Index Inv 0.45 0.00 600,370
Feb 28, 2025
Vanguard Emerging Mkts Stock Idx Inv 0.39 0.00 524,617
Feb 28, 2025
Total (for Top 5) 3.67 4,913,357

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