Maharashtra Seamless financials

·Capital Goods & DefenceChart ›
Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹1,091cr−4.7% on Q1 FY26
Net profit
₹266cr+15.7% on Q1 FY26
EBITDA margin
16.8%+2.1 pts on Q1 FY26
EPS
₹19.88+15.6% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue1,0911,145−4.7%
EBITDA183169+8.5%
EBITDA margin16.8%14.7%+2.1 pts
Profit before tax326300+8.8%
Net profit266230+15.7%
EPS₹19.88₹17.19+15.6%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹1,091 crNet profit₹266 crNet margin24.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
7,238————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
3,6773,6772,2441,155631
13.413.40.10.0244
3,575————
4,6204,6745,2695,4045,716
—−11.3%−2.5%−5.5%—
6966819201,1991,040
15.1%14.6%17.5%22.2%18.2%
5805718191,089903
737701777952768
16.0%15.0%14.8%17.6%13.4%
₹55.03₹52.33₹58.02₹71.02₹57.07
—−9.8%−18.3%+24.4%—
—9336101,042917
—−170−23.2−32.1−18.8
7647645861,010898
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

MAHSEAMLES₹540.15

Maharashtra Seamless Ltd.

· Capital Goods & Defence
₹ CrorePeersJINDALSAWRATNAMANILLOYDSENGGMIDHANIKSBKRNMTARTECHKIRLPNUMcap ₹7,238 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————7,238.0
- Cash, Equiv & ST Investments630.71,154.82,244.43,676.73,676.7
+ Total Debt244.20.00.113.413.4
Enterprise Value————3,574.7
Revenue5,716.45,404.15,268.74,674.34,620.3
Growth %, YoY—-5.5-2.5-11.3—
EBITDA1,040.31,198.8920.3681.2695.6
Margin %18.2022.1817.4714.5715.06
EBIT902.51,089.1819.3571.1579.8
Net Income767.6951.7777.3701.0737.1
Margin %13.4317.6114.7515.0015.95
EPS, Adj (current shares)57.0771.0258.0252.3355.03
Growth %, YoY—+24.4-18.3-9.8—
Cash from Operations916.61,041.7609.6933.2—
Capital Expenditures-18.8-32.1-23.2-169.7—
Free Cash Flow897.81,009.6586.4763.6763.6
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Maharashtra Seamless financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Maharashtra Seamless (NSE: MAHSEAMLES) had a market capitalisation of ₹7,301 crore at the 29 October 2026 close (₹544.85 a share), a PE ratio of 9.9 on the last four quarters' profit and a price-to-book ratio of 1.06. In FY26 its consolidated net profit was ₹701 crore on revenue of ₹4,674 crore; in Q1 FY27 (April–June 2026) it was ₹266 crore, up 15.7% year on year. Its debt-to-equity ratio was 0.00 on 31 March 2026. Promoters held 70.30% of the shares on 30 September 2026.

Share price used
₹544.85 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Maharashtra Seamless at a glance · consolidated

Market cap
₹7,301 Crat ₹544.85 · 29 Oct close
PE ratio (last 4 quarters)
9.910.4 on FY26 profit
Price to book (PB)
1.06book value ₹513.17 a share
ROE (FY26)
10.6%−2.3 pts vs FY25ROCE 8.1%
Debt to equity
0.00net cash ₹3,666 Cr
Promoter holding
70.30%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.84%₹10 a share in 12 months
Net worth
₹6,876 Cr+8.5% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹764 Cr+30.2% vs FY25

Questions

What is the Maharashtra Seamless PE ratio today?

Maharashtra Seamless' PE ratio is 9.9 at the 29 October 2026 close (₹544.85 a share): a market capitalisation of ₹7,301 crore divided by consolidated net profit of ₹737 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹701 crore) it is 10.4.

What is the Maharashtra Seamless net worth?

Maharashtra Seamless' net worth — shareholders' equity in its consolidated balance sheet — was ₹6,876 crore on 31 March 2026, up 8.5% from ₹6,340 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹7,301 crore at the 29 October 2026 close.

What is the Maharashtra Seamless book value per share?

Maharashtra Seamless' book value per share was ₹513.17 on 31 March 2026: shareholders' equity of ₹6,876 crore divided by the 13.4 crore shares in issue, up 8.5% from ₹473.13 a year earlier. The share price at the 29 October 2026 close was ₹544.85.

What is the Maharashtra Seamless PB ratio (price to book value)?

Maharashtra Seamless' price-to-book (PB) ratio is 1.06 at the 29 October 2026 close: a market capitalisation of ₹7,301 crore divided by shareholders' equity (book value) of ₹6,876 crore on 31 March 2026. That is a book value of ₹513.17 per share against a share price of ₹544.85.

What is the Maharashtra Seamless ROE and ROCE?

In FY26, Maharashtra Seamless' return on equity (ROE) was 10.6% and its return on capital employed (ROCE) was 8.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.9% and ROCE 12.7%.

What is the Maharashtra Seamless dividend yield?

Maharashtra Seamless' dividend yield is 1.84% at the 29 October 2026 close: dividends of ₹10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹544.85. They were ₹10 on 1 September 2026.

What is the Maharashtra Seamless market cap?

Maharashtra Seamless' market capitalisation was ₹7,301 crore at the 29 October 2026 close: 13.4 crore shares at ₹544.85 each.

What is the Maharashtra Seamless EPS?

Maharashtra Seamless' basic earnings per share (EPS) were ₹52.33 in FY26, against ₹58.02 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹55.02.

What is the Maharashtra Seamless dividend in 2026 and its record date?

In 2026, Maharashtra Seamless has declared one dividend: ₹10 with record date 1 September 2026.

Is Maharashtra Seamless debt free?

No. Maharashtra Seamless had borrowings of ₹13.4 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.00. Its cash and current investments were ₹3,679 crore, so it held net cash of ₹3,666 crore.

What is the Maharashtra Seamless debt to equity ratio?

Maharashtra Seamless' debt-to-equity ratio was 0.00 on 31 March 2026: borrowings of ₹13.4 crore against total equity of ₹6,876 crore. A year earlier, on 31 March 2025, it was 0.00.

When are the Maharashtra Seamless next results?

Maharashtra Seamless has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What is the Maharashtra Seamless promoter holding?

Promoters held 70.30% of Maharashtra Seamless on 30 September 2026, up 0.02 percentage points from 70.28% the previous quarter and up 1.25 percentage points from 69.05% a year earlier, according to the shareholding pattern filed with NSE.

What is the Maharashtra Seamless free cash flow?

In FY26, Maharashtra Seamless generated ₹933 crore of cash from operations and spent ₹170 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹764 crore. In FY25 it was ₹586 crore.

What are the Maharashtra Seamless latest quarterly results?

Maharashtra Seamless' latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit ₹266 crore, up 15.7% from ₹230 crore in Q1 FY26; revenue from operations ₹1,091 crore, down 4.7% year on year.

What is the Maharashtra Seamless shareholding pattern?

On 30 September 2026, Maharashtra Seamless' shares were held by promoters 70.30%, foreign portfolio investors (FII/FPI) 9.93%, domestic institutions (DII) 3.87% (including mutual funds at 3.15%) and retail and other non-institutional investors 15.90%. Over the year, FII holding was up 0.07 percentage points from 9.86% and DII holding was up 0.24 percentage points from 3.63%.

How does the Maharashtra Seamless PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Maharashtra Seamless' PE ratio is 10.4, the lowest of the four: Jindal Saw 15.6, Ratnamani Metals & Tubes 33.8 and Lloyds Engineering Works 67.1, a peer average of 38.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Maharashtra Seamless vs Jindal Saw: how do they compare?

In FY26, Maharashtra Seamless earned net profit of ₹701 crore on revenue of ₹4,674 crore, against ₹973 crore on ₹17,895 crore for Jindal Saw. Maharashtra Seamless' operating margin was 12.2% (Jindal Saw 8.9%) and its return on equity 10.6% (Jindal Saw 8.1%). At the 29 October 2026 close, Maharashtra Seamless' market capitalisation was ₹7,301 crore against ₹15,195 crore for Jindal Saw, and its PE ratio on FY26 profit 10.4 against 15.6.

What is the Maharashtra Seamless revenue and profit in FY26?

In FY26 (April 2025–March 2026), Maharashtra Seamless' consolidated net profit was ₹701 crore, down 9.8% from ₹777 crore in FY25, on revenue from operations of ₹4,674 crore (down 11.3%). Over three years, from FY23, net profit was down 8.3%.

How does Maharashtra Seamless compare with its peers?

On FY26 consolidated figures, against Jindal Saw, Ratnamani Metals & Tubes and Lloyds Engineering Works: Maharashtra Seamless' operating margin of 12.2% is the third highest of the four (Jindal Saw 8.9%, Ratnamani Metals & Tubes 13.9%, Lloyds Engineering Works 12.8%; peer average 11.9%); its return on equity of 10.6% is the third highest of the four (Jindal Saw 8.1%, Ratnamani Metals & Tubes 12.5%, Lloyds Engineering Works 16.4%; peer average 12.3%); its revenue growth over three years of −6.5% a year is the lowest of the four (Jindal Saw 0.1% a year, Ratnamani Metals & Tubes 0.2% a year, Lloyds Engineering Works 60.9% a year; peer average 20.4% a year).

Where do these Maharashtra Seamless figures come from?

From Maharashtra Seamless' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.