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Investor Presentation

Maharashtra Seamless Investor Presentation: Key Takeaways

MSL reported Q1FY27 revenue of Rs 1,266 cr and PAT of Rs 271 cr. Management maintains a dominant 55% market share in seamless pipes.

Highlights
MarginsEBITDA margins fluctuating between 11% and 19% over last five quarters.
Order bookRs. 1,709 crore as of July 31, 2026.
Demand visibilityStrong Indian oil/gas demand projected to rise 30% by 2030.
Management confidenceHigh

Growth

PAT grew 15% YoY from Rs 234 cr in Q1FY26 to Rs 271 cr in Q1FY27; EBITDA margin at 17%.

Outlook

Planned Rs 852 cr capex for capacity enhancement and solar power, targeting Rs 1,900+ cr annual turnover increase.

Risks

Temporary production decline in Q1FY27 due to war-related gas supply disruption; delayed tender awards by oil companies.

Last quarter's promises, checked

Delivered

  • Guided margin improvement → EBITDA higher (= BEAT)
  • Guided Telangana finishing line POs INR 90 cr → POs issued (= BEAT)
  • Guided dispatch maintenance → 101k tons vs 103k tons previous (= BEAT)

Partly delivered

  • Guided EBITDA/ton INR 10k-15k → Current margin 17% (= PARTIAL)
Source

Investor Presentation filed with BSE, NSE: MAHSEAMLES. Summary written with AI assistance from the document.

Read the document ↗

Maharashtra Seamless Ltd: key numbers

Share price
₹692.75
Market cap
₹9,283 Cr
Revenue (annual)
₹4,674 Cr
Net profit (annual)
₹701.3 Cr
P/E (TTM)
12.6×Sector 18.2×
Promoter holding
70.28%+0.00% QoQ
FII holding
9.72%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Maharashtra Seamless Ltd

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15:25 IST BSE
Management Change

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Mr. Pithelis Raj Santhanamarian has resigned from the Directorship of Maharashtra Seamless Limited effective 25th September 2026 due to personal reasons.

16:08 IST BSE
Annual General Meeting

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Maharashtra Seamless Limited held its 38th Annual General Meeting on 15th September, 2026. The company transacted items of business including dividend declaration and director appointments.

12:20 IST BSE
Annual Report

Maharashtra Seamless Annual Report

Maharashtra Seamless Limited issued a corrigendum to its FY 2025-26 Annual Report. The update removes an incorrect reference to a qualified opinion in the auditor's report.

19:24 IST BSE
Other Announcement

Maharashtra Seamless Other Announcement

Maharashtra Seamless Ltd issued letters to shareholders with unregistered email addresses, providing the web-link to access the Annual Report 2025-26 and the AGM Notice.

14:31 IST BSE
Business Update

Maharashtra Seamless Business Update

Maharashtra Seamless Ltd has submitted its Business Responsibility and Sustainability Report for FY 2025-26. The report details the company's environmental, social, and governance performance metrics.

10:16 IST BSE
Annual General Meeting

Maharashtra Seamless Annual General Meeting

Maharashtra Seamless Limited has scheduled its 38th Annual General Meeting for September 15, 2026. The company fixed September 1, 2026, as the record date for a 200% dividend.