Maharashtra Seamless Limited

NSE: MAHSEAMLES · Unclassified

₹571.10-0.53%06 Nov 2026

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Instant answers about Maharashtra Seamless Limited — computed from its filings, no language model

Market cap₹7,653 cr

Current price₹571.10

High / Low₹738 / ₹506

P/E10.4

P/B1.11

Book value₹513.2

ROE10.7%

ROCE14.2%

Debt / equity0.00

Dividend yield1.75%

EPS (TTM)₹55.03

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,645	2,308	4,200	5,716	5,404	5,269	4,674
EBITDA	541	465	612	1,040	1,199	920	681
Operating margin	20.4%	20.2%	14.6%	18.2%	22.2%	17.5%	14.6%
Interest	64	56	51	38	8	3	3
Depreciation	88	121	138	138	110	101	110
Profit before tax	192	199	534	953	1,223	1,014	953
Tax	46	51	101	156	271	223	238
Net profit	84	98	380	765	952	777	701
EPS ₹	12.52	14.63	56.75	114.14	70.99	58.02	52.33
Operating cash flow	—	—	-283	917	1,042	610	933
Capex	—	—	8	19	32	23	170
Dividend paid	—	—	24	34	67	134	134
Total assets	—	—	—	5,859	6,588	7,033	7,739
Equity	—	—	—	4,774	5,731	6,340	6,876

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	696	791	570	588	459	579	562	709	690	951	1,139	1,419	1,334	1,414	1,339	1,633	1,223	1,535	1,431	1,215	1,151	1,292	1,408	1,418	1,145	1,159	1,090	1,280	1,091
Operating profit	154	165	117	104	101	127	89	148	127	142	169	175	226	250	246	321	244	332	370	270	124	231	280	285	169	123	152	238	183
Operating margin	22.2%	20.9%	20.5%	17.7%	22.0%	21.9%	15.9%	20.9%	18.4%	14.9%	14.9%	12.3%	17.0%	17.7%	18.4%	19.7%	19.9%	21.7%	25.9%	22.2%	10.8%	17.9%	19.9%	20.1%	14.7%	10.6%	14.0%	18.6%	16.8%
Other income	19	19	15	-3	17	36	23	12	32	32	22	25	18	22	18	27	33	30	35	44	65	91	2	40	160	76	200	-48	174
Interest	18	16	16	14	16	15	13	12	11	11	12	17	11	13	9	6	7	1	1	0	1	1	1	0	0	0	1	1	1
Depreciation	20	20	20	28	29	29	36	27	35	34	34	35	35	34	35	34	34	26	26	24	25	25	25	25	25	25	29	31	31
Profit before tax	135	149	96	-187	73	119	62	-55	113	129	146	147	199	225	220	309	236	336	374	290	163	296	256	299	300	173	323	155	326
Tax	48	-43	24	17	21	29	3	-2	10	27	32	32	39	41	41	-72	21	81	98	71	29	72	66	57	69	44	77	48	56
Net profit	77	185	65	-244	19	84	53	-58	96	91	95	99	153	177	172	370	207	250	0	218	129	220	186	242	0	125	243	103	266
EPS ₹	11.54	27.62	9.76	-36.40	2.86	12.47	7.89	-8.59	14.30	13.57	14.13	14.75	22.87	26.36	12.82	55.22	15.41	18.69	20.59	16.30	9.65	16.42	13.89	18.06	17.19	9.35	18.12	7.67	19.88
Revenue YoY	—	—	—	—	-34.1%	-26.8%	-1.3%	20.4%	50.4%	64.4%	102.7%	100.3%	93.3%	48.6%	17.5%	15.1%	-8.4%	8.6%	6.9%	-25.6%	-5.9%	-15.9%	-1.6%	16.7%	-0.5%	-10.3%	-22.6%	-9.7%	-4.7%
Profit YoY	—	—	—	—	-75.2%	-54.8%	-19.2%	—	399.8%	8.8%	79.1%	—	59.9%	94.3%	81.4%	274.5%	34.8%	41.8%	-100.0%	-41.0%	-37.4%	-12.1%	—	10.9%	-100.0%	-43.1%	30.5%	-57.5%	—

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Maharashtra Seamless Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	2,092	1,611	1,782	2,302	1,722	1,205	1,347	1,019	1,570	2,160	3,061
Operating profit	361	420	448	405	171	88	102	33	220	307	664
Operating margin	17.2%	26.1%	25.1%	17.6%	9.9%	7.3%	7.6%	3.2%	14.0%	14.2%	21.7%
Other income	44	32	69	66	70	63	91	65	85	67	69
Interest	12	3	3	5	6	3	4	2	10	9	16
Depreciation	18	19	19	20	37	37	29	29	69	74	78
Profit before tax	375	430	495	446	198	111	160	66	226	290	493
Tax	122	146	149	128	44	14	37	27	80	92	231
Net profit	253	284	347	317	153	97	123	39	146	198	262

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	386	377	384	352	602	588	550	423	410	373	405	402	423	406	550	482	583	618	618	521	481	392	329	327	284	267	327	269	364	350	365	238	264	191	326	318	337	421	494	482	484	564	631	607	703	786	965
Operating profit	83	69	75	83	89	87	102	99	107	103	110	98	104	104	142	102	113	103	87	81	55	34	1	33	26	14	15	15	27	36	24	-16	3	0	47	29	59	60	72	61	60	61	125	144	128	157	235
Operating margin	21.6%	18.2%	19.5%	23.6%	14.7%	14.8%	18.6%	23.5%	26.2%	27.7%	27.2%	24.3%	24.5%	25.7%	25.8%	21.2%	19.4%	16.6%	14.1%	15.5%	11.5%	8.6%	0.4%	10.0%	9.1%	5.3%	4.5%	5.5%	7.4%	10.2%	6.7%	-6.9%	1.0%	0.1%	14.3%	9.2%	17.6%	14.1%	14.6%	12.6%	12.4%	10.8%	19.8%	23.7%	18.2%	20.0%	24.4%
Other income	6	12	12	12	16	15	1	5	6	10	11	32	14	11	13	9	9	13	35	18	9	15	27	12	10	19	22	21	21	18	30	13	11	15	26	24	19	25	16	18	15	19	16	35	29	8	-4
Interest	1	1	1	1	5	4	1	1	1	1	1	1	0	1	1	1	1	2	2	1	2	2	1	1	0	1	1	1	1	1	1	1	1	1	1	1	1	2	6	2	2	5	0	1	2	3	10
Depreciation	4	4	4	4	5	5	5	5	5	5	5	5	4	3	6	5	5	5	6	9	9	9	9	9	9	9	9	10	5	7	7	7	7	7	6	17	17	17	17	18	19	19	19	20	20	20	19
Profit before tax	84	75	81	90	95	93	97	99	108	108	115	123	112	111	148	106	116	109	114	89	52	38	18	35	26	23	27	26	42	46	47	-12	6	7	65	35	60	65	65	58	54	57	121	158	136	143	57
Tax	26	24	27	29	31	29	33	33	37	36	40	23	32	36	58	34	35	28	31	24	9	10	2	7	6	2	-1	3	7	11	16	-3	2	2	27	11	21	22	26	21	20	18	33	58	47	50	76
Net profit	58	51	54	60	64	64	65	65	71	72	75	100	80	76	91	72	81	81	84	65	43	28	16	28	20	21	28	22	35	35	30	-8	4	5	38	24	39	44	39	37	34	39	88	100	88	93	-19
EPS ₹	8.24	7.25	7.66	8.55	9.06	9.09	9.16	9.25	10.09	10.23	10.64	14.24	11.35	10.73	12.85	10.16	11.51	11.48	11.85	9.27	6.14	4.03	2.30	3.92	2.90	3.06	4.09	3.24	5.03	5.05	4.50	-1.24	0.64	0.74	5.71	3.57	5.79	6.51	11.68	5.56	5.07	5.79	13.20	14.98	13.21	13.85	-2.87
Revenue YoY	—	—	—	—	56.2%	56.0%	43.0%	20.3%	-31.9%	-36.6%	-26.3%	-5.1%	3.2%	9.1%	35.8%	20.1%	37.8%	52.0%	12.3%	8.0%	-17.6%	-36.6%	-46.8%	-37.2%	-40.8%	-31.9%	-0.6%	-17.8%	28.0%	31.1%	11.7%	-11.4%	-27.5%	-45.5%	-10.5%	33.3%	27.8%	120.9%	51.3%	51.6%	43.4%	33.9%	27.9%	26.1%	45.3%	39.4%	52.8%
Profit YoY	—	—	—	—	9.9%	25.3%	19.6%	8.2%	11.3%	12.6%	16.2%	54.0%	12.5%	4.9%	20.7%	-28.7%	1.4%	7.0%	-7.8%	-8.8%	-46.6%	-64.9%	-80.6%	-57.8%	-53.5%	-26.1%	74.9%	-18.5%	73.2%	66.9%	6.2%	-137.1%	-87.8%	-85.9%	27.0%	—	811.3%	781.8%	2.2%	55.9%	-12.5%	-11.2%	125.8%	169.4%	160.4%	139.3%	-121.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	—	13.1%	15.0%	18.3%	19.4%	19.3%	16.0%	11.8%	10.4%	9.5%	12.7%	12.3%	10.2%	8.4%	9.3%	6.8%	10.7%
ROCE	—	—	—	—	—	—	—	—	—	—	16.6%	18.1%	19.8%	20.4%	21.8%	24.6%	21.7%	20.3%	18.9%	16.9%	16.0%	18.2%	15.7%	16.7%	13.8%	14.2%
Net margin	3.2%	1.1%	-3.5%	-4.0%	4.2%	6.9%	6.3%	6.4%	9.1%	9.0%	9.9%	10.9%	15.2%	16.5%	17.4%	14.2%	12.5%	11.2%	11.2%	14.9%	14.8%	12.3%	10.8%	12.7%	10.1%	16.0%
EBITDA margin	20.4%	20.2%	20.4%	19.2%	20.2%	19.3%	17.4%	16.8%	14.6%	14.7%	15.5%	16.3%	18.3%	18.9%	20.0%	21.8%	22.5%	20.6%	19.6%	17.9%	17.5%	18.3%	16.7%	15.1%	14.6%	15.1%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.16	0.16	0.05	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	4.00	3.10	2.66	2.16	4.57	5.71	6.32	8.36	11.54	13.26	14.67	16.81	25.87	29.96	50.17	92.64	146.96	416.45	389.61	370.22	368.32	498.89	533.23	491.76	369.15	372.22
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.95	0.98	0.98	0.96	0.94	0.96	0.82	0.81	0.75	0.74	0.75	0.75	0.70	0.66	0.60	0.60

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	34	67	67	67	67	67	67	67
Other equity / reserves	3,968	4,707	5,098	5,664	5,879	6,273	6,497	6,809
Total equity	4,002	4,774	5,165	5,731	5,946	6,340	6,564	6,876
Borrowings	637	244	0	0	0	0	10	13
Current liabilities	1,069	549	488	431	455	271	294	392
Non-current liabilities	535	536	417	427	426	422	464	470
Total assets	5,606	5,859	6,071	6,588	6,827	7,033	7,321	7,739
Property, plant & equipment	2,067	2,014	1,977	1,948	1,905	1,862	1,817	1,862
Capital work-in-progress	18	14	11	3	5	14	46	72
Investments	1,051	1,177	826	2,098	2,625	2,892	3,385	3,821
Inventories	1,287	1,506	1,403	1,576	1,265	1,342	1,259	1,139
Receivables	759	642	772	519	715	653	542	565
Cash & equivalents	12	54	37	55	56	42	34	77

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-283	917	1,042	610	933
Cash from investing	489	-382	-722	-485	-775
Cash from financing	-220	-542	-320	-137	-123
Capex	8	19	32	23	170
Free cash flow	-291	898	1,010	586	764
Dividends paid	24	34	67	134	134

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹1,862 cr24%

CWIP

₹72 cr1%

Investments

₹3,821 cr49%

Inventories

₹1,139 cr15%

Receivables

₹565 cr7%

Cash & equivalents

₹77 cr1%

Other assets

₹204 cr3%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Maharashtra Seamless Limited	7,653	571.10	10.4	1.11	10.7%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-17.6%

6 months-12.5%

1 year-0.3%

3Y CAGR-8.5%

5Y CAGR+16.0%

10Y CAGR+15.7%

50-day avg₹640.17

200-day avg₹602.76

RSI (14)45

FAQs

What is the share price of Maharashtra Seamless Limited?

Maharashtra Seamless Limited (MAHSEAMLES) closed at ₹571.10 on NSE on 06 Nov 2026.

What is the market cap of Maharashtra Seamless Limited?

₹7,653 crore at the latest close.

What is the P/E ratio of Maharashtra Seamless Limited?

10.4, on trailing-twelve-month earnings from its filings.

How fast is Maharashtra Seamless Limited growing?

Maharashtra Seamless Limited: revenue has compounded at -6.5% a year over three years; net profit at -2.8% a year. Latest-quarter revenue is down 4.7% year on year.

How profitable is Maharashtra Seamless Limited?

On a trailing-twelve-month basis return on equity is 10.7%, return on capital employed 14.2%, operating margin 15.1%, net margin 16.0%.

How much debt does Maharashtra Seamless Limited have?

Maharashtra Seamless Limited is debt-free: debt to equity is 0.00 with borrowings of ₹13 cr against cash of ₹77 cr (balance sheet of 2026-03-31). Operating profit covers interest 372.2 times.

Financials parsed from Maharashtra Seamless Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.