Maharashtra Seamless Ltd.
Snapshot View

314.70 +3.45 ▲1.1%

04 August 2021, 04:01:41 P.M.
Volume: 292,945

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.jindal.com
Financial Indicators
Market Cap 2,083.02 Cr.
Earnings per share (EPS) 14.63 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 21.25 Trailing Twelve Months Ending 2021-03
Industry PE 15.74 Trailing Twelve Months Ending 2021-03
Book Value / Share 492.36 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.63 Calculated using Price: 310.90
Dividend Yield 1.13 Period Ending 2020-03
No. of Shares Subscribed 6.70 Cr. 66,999,626 Shares
FaceValue 5
Company Profile

Maharashtra Seamless Ltd (MSL) was incorporated on May 10, 1988. The company was conceived after noticing huge demand and supply gap in the seamless pipe market, which was met mostly through imports. This import substitute project was set up in 1991 at Nagothane (near Mumbai), Distt. Raigad (Maharashtra), to manufacture seamless pipes & tubes with the finest quality and wide product range using the world renowned CPE technology acquired through technical collaboration with Mannesmann Demag Huttentechnik Gmbh (MDH), Germany at a capital cost of Rs 69 crore. The project was appraised and financed by ICICI in participation with IDBI & IFCI and other banks. Mannesmann Demag is a world leader in steel and seamless pipe industry. Our state of the art plant is only the third of its kind in the world. The plant was commissioned in February 1992. The main plant and machinery was imported from USA based on MDH design.

Business area of the company

Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology. The company also manufactures ERW Pipes and Coated Pipes. The company also engaged in the business of Wind Power, Steel Pipes & Tubes.

Products

  • ERW Pipes
  • MS & Galvanized Pipes
  • API Line Pipes
  • OCTG
  • OCTG Casing Tubing
  • Seamless Pipes
  • Hot Finished Pipes & Tubes
  • Cold Drawn Tubes
  • Boiler Tubes
  • API Line Pipes
  • OCTG
  • OCTG Casing and Tubing
  • OCTG Drill Pipe
  • Coated Pipes
  • 3LPE
  • FBE
  • 3LPP
  • Internal Coating
  • Premium Connections
  • Pipe Fittings

Key customer segments

  • Oil & Gas
  • Hydro Carbon Process
  • Bearing Industry
  • Automotive
  • Boiler, Heat Exchanger
  • Plumbing & Firefighting
  • Structural
  • General Engineering
  • Railways
  • Sewage & Waterwell
  • Hydraulic Cylinder

Milestones

  • 1989-92: MSL - Entry into Seamless Pipes: The 7” Seamless Pipe plant is set up. Commissioning the country’s first OCTG Seamless Pipe project, the 7” Seamless Pipe plant using CPE technology at Nagothane, Maharashtra (with technical knowhow from German giant Mannesmann Demag Huttentechnik, Gmbh). Today, it is the largest manufacturer of Seamless Pipes and Tubes in India.
  • 2000: MSL sets up a plant to make 20” ERW pipe, largest diameter ERW pipes in India. Today, MSL is one of the largest ERW pipe manufacturers in the country.
  • 2001: Entry into renewable energy: Wind Power MSL ventures into Wind Power energy with 7MW power plant at Satara, Maharashtra.
  • 2004: Another Seamless Pipe manufacturing plant using Plug Mill process is set up at Nagothane. MSL now is capable of producing up to 14” dia. Seamless Pipes.
  • 2005: Entry into Value added Products Premium Connections MSL sets up a JV with Hydril of USA to manufacture Premium Connections required in the most challenging oil & gas sector. Presently, named as Jindal Premium Connections Pvt. Ltd. and wholly owned by the D.P. Jindal Group.
  • 2006: MSL sets up a 3LPP and 3LPE anti-corrosive coating facility near its pipe manufacturing plant. This facility can provide both external and internal coating to pipes up to 1250 mm dia.
  • 2010: An expander added to 14” Seamless Pipe mill. MSL has extended its product range up to 20” diameter.
  • 2012: MSL sets up Solar Power plant at Pokharan, Rajasthan. Allotted under the ‘Jawaharlal National Solar Mission’, the plant can generate 5 MW of power.
  • 2012: Drill Pipes MSL sets up new manufacturing plant at Mangaon, Maharashtra, about 30 km from its main Nagothane plant. Plant capable of manufacturing 6” diameter Drill pipes for the drilling industry.
  • 2017: 20 MW solar PV power project at Village Khetusar, Tehsil Bap, District Jodhpur, Rajasthan 1 MW Roof Top Solar plant at MSL Nagothane factory.
  • 2020: Maharashtra Seamless acquires offshore jack up drilling rig.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.11%
1 Week
+2.32%
1 Month
+5.85%
3 Month
+8.44%
6 Month
+6.91%
1 Year
+57.90%
2 Year
-23.08%
5 Year
+48.55%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 14.72 7.11 4.38 4.09 0.37 5.53 6.55 5.91 4.65
Return on Capital Employed (%) 20.47 9.04 4.98 5.40 1.94 8.33 9.36 11.64 6.03
Return on Assets (%) 9.57 4.72 2.96 2.50 0.21 3.07 4.21 4.02 2.91

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 2,756 2,815 2,799 2,934 2,646 2,746 2,930 3,070 3,205
Non Curr. Liab. 126 132 126 550 536 442 749 1,123 1,070
Curr. Liab. 340 295 363 541 502 668 361 602 964
Minority Int.
Equity & Liab. 3,222 3,241 3,288 4,026 3,684 3,856 4,039 4,795 5,239
Non Curr. Assets 1,592 1,672 1,601 2,617 2,248 2,419 2,574 2,406 3,419
Curr. Assets 1,630 1,569 1,688 1,409 1,436 1,437 1,466 2,388 1,820
Misc. Exp. not W/O
Total Assets 3,222 3,241 3,288 4,026 3,684 3,856 4,039 4,795 5,239

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 2,300 1,729 1,209 1,355 1,019 1,434 2,150 3,052 2,645
Other Income 77 71 64 74 90 76 66 70 65
Total Income 2,378 1,800 1,273 1,429 1,108 1,511 2,216 3,121 2,710
Total Expenditure -1,908 -1,558 -1,119 -1,249 -980 -1,209 -1,840 -2,384 -2,120
PBIDT 469 242 154 180 128 301 376 737 591
Interest -6 -7 -6 -20 -26 -34 -42 -39 -64
Depreciation -21 -38 -37 -31 -71 -71 -76 -80 -88
Taxation -133 -44 -14 -37 -23 -81 -92 -231 -46
Exceptional Items -1 -210 -247
PAT 308 152 97 92 8 116 166 177 146

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 86 300 109 104 122 241 93 -183 748
Cash Fr. Inv. -96 -309 -63 -627 55 -101 12 -156 -744
Cash Fr. Finan. 22 3 -26 527 -141 -133 -95 387 7
Net Change 12 -6 19 5 37 7 10 49 11
Cash & Cash Eqvt 23 13 36 38 3 4 15 59 84

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 62.07 62.58 62.82 62.93 62.93 63.04 63.78 63.78 63.73
Public 37.93 37.42 37.18 37.07 37.07 36.96 36.22 36.22 36.27
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 16 Jul 2021
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Maharashtra Seamless Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Fri, 16 Jul 2021
Loss of Share Certificates
Maharashtra Seamless Limited has informed the Exchange about Loss of Share Certificates
Thu, 15 Jul 2021
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Maharashtra Seamless Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Technical Scans View Details

Tue, 03 Aug 2021
Close Within 52 Week High Zone Close Within 52 Week High Zone
Mon, 02 Aug 2021
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
Close Within 52 Week High Zone Close Within 52 Week High Zone
MFI Bearish MFI Bearish
Shooting Star Shooting Star

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