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MAHSEAMLES
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Recent events
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News
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Corporate Actions
Maharashtra Seamless Dec-Quarter Consol Net Profit 1.86 Bln Rupees
Jan 27 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
DEC-QUARTER CONSOL NET PROFIT 1.86 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL INCOME FROM OPERATIONS 14.08 BILLION RUPEES
APPOINTMENT OF ARUP MANDAL AS CFO
REAPPOINTS SAKET JINDAL AS MD
Source text: ID:nBSE48VbRy
Further company coverage: MHSM.NS
(([email protected];;))
Jan 27 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
DEC-QUARTER CONSOL NET PROFIT 1.86 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL INCOME FROM OPERATIONS 14.08 BILLION RUPEES
APPOINTMENT OF ARUP MANDAL AS CFO
REAPPOINTS SAKET JINDAL AS MD
Source text: ID:nBSE48VbRy
Further company coverage: MHSM.NS
(([email protected];;))
India's Maharashtra Seamless rises on heavy volumes
** Shares of Maharashtra Seamless MHSM.NS rise as much as 15.5% to 769 rupees
** More than 14.5 mln shares traded, ~48x 30-day moving avg
** Trading volume hit record high
** Reuters could not immediately ascertain the reason behind day's move
** Stock set to log biggest daily pct rise since March 14
** Stock jumped above its 200-day simple moving avg
** MHSM last up 11%, trimming YTD losses to ~20%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Maharashtra Seamless MHSM.NS rise as much as 15.5% to 769 rupees
** More than 14.5 mln shares traded, ~48x 30-day moving avg
** Trading volume hit record high
** Reuters could not immediately ascertain the reason behind day's move
** Stock set to log biggest daily pct rise since March 14
** Stock jumped above its 200-day simple moving avg
** MHSM last up 11%, trimming YTD losses to ~20%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
Maharashtra Seamless Sept-Quarter Consol Net Profit 2.20 Bln Rupees
Oct 28 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
SEPT-QUARTER CONSOL NET PROFIT 2.20 BILLION RUPEES
SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 12.92 BILLION RUPEES
Source text: [ID:]
Further company coverage: MHSM.NS
(([email protected];;))
Oct 28 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
SEPT-QUARTER CONSOL NET PROFIT 2.20 BILLION RUPEES
SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 12.92 BILLION RUPEES
Source text: [ID:]
Further company coverage: MHSM.NS
(([email protected];;))
India's Maharashtra Seamless drops after Q1 profit fall
** Shares of India's Maharashtra Seamless MHSM.NS fall ~4% to 641.9 rupees
** MHSM set to lose for the first session in three, if trends hold
** Co, which makes steel pipes and tubes, posted over 37% fall in Q1 consol net profit, sales dipped ~6%
** Trading vols 1.3x 30-day
** YTD, stock has lost ~31%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Maharashtra Seamless MHSM.NS fall ~4% to 641.9 rupees
** MHSM set to lose for the first session in three, if trends hold
** Co, which makes steel pipes and tubes, posted over 37% fall in Q1 consol net profit, sales dipped ~6%
** Trading vols 1.3x 30-day
** YTD, stock has lost ~31%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Maharashtra Seamless June-Qtr Consol Net Profit 1.29 Bln Rupees
July 29 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
JUNE-QUARTER CONSOL NET PROFIT 1.29 BILLION RUPEES
JUNE-QUARTER CONSOL TOTAL INCOME FROM OPERATIONS 11.51 BILLION RUPEES
Further company coverage: MHSM.NS
(([email protected];;))
July 29 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
JUNE-QUARTER CONSOL NET PROFIT 1.29 BILLION RUPEES
JUNE-QUARTER CONSOL TOTAL INCOME FROM OPERATIONS 11.51 BILLION RUPEES
Further company coverage: MHSM.NS
(([email protected];;))
Maharashtra Seamless Scheduled Preventive Maintenance Shutdown At Pipe Manufacturing Mill At Maharashtra
June 12 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
SCHEDULED PREVENTIVE MAINTENANCE SHUTDOWN OF ONE PIPE MANUFACTURING MILL AT MAHARASHTRA TAKEN FOR ABOUT 3 WEEKS
Further company coverage: MHSM.NS
(([email protected];))
June 12 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
SCHEDULED PREVENTIVE MAINTENANCE SHUTDOWN OF ONE PIPE MANUFACTURING MILL AT MAHARASHTRA TAKEN FOR ABOUT 3 WEEKS
Further company coverage: MHSM.NS
(([email protected];))
India's Maharashtra Seamless hits near 7-month low on Q4 profit drop
** Shares of Maharashtra Seamless Ltd MHSM.NS fall as much as 8% to 744.25 rupees, its lowest since Nov 6, 2023
** Steel pipes and tubes maker reported a 41% fall in March-qtr consolidated net profit to 2.18 bln rupees ($26.19 million)
** Total expenses fell 28.7%, which offset the 25.6% fall in steel pipes and tubes segment rev
** More than 585,000 shares traded as of 12:51 p.m. IST, 2.3x their 30-day moving avg
** MHSM last down 6.9%, adding to YTD losses of ~18.5%
($1 = 83.2300 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Maharashtra Seamless Ltd MHSM.NS fall as much as 8% to 744.25 rupees, its lowest since Nov 6, 2023
** Steel pipes and tubes maker reported a 41% fall in March-qtr consolidated net profit to 2.18 bln rupees ($26.19 million)
** Total expenses fell 28.7%, which offset the 25.6% fall in steel pipes and tubes segment rev
** More than 585,000 shares traded as of 12:51 p.m. IST, 2.3x their 30-day moving avg
** MHSM last down 6.9%, adding to YTD losses of ~18.5%
($1 = 83.2300 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Maharashtra Seamless March-Quarter Consol Net Profit Falls
May 21 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
MAHARASHTRA SEAMLESS LTD MARCH-QUARTER CONSOL NET PROFIT 2.18 BILLION RUPEES VERSUS 3.7 BILLION RUPEES
MAHARASHTRA SEAMLESS LTD MARCH-QUARTER CONSOL INCOME FROM OPERATIONS 12.15 BILLION RUPEES VERSUS 16.33 BILLION RUPEES
MAHARASHTRA SEAMLESS LTD - DIVIDEND OF 10 RUPEES PER SHARE
Source text for Eikon: ID:nNSE9LCbCR
Further company coverage: MHSM.NS
(([email protected];))
May 21 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
MAHARASHTRA SEAMLESS LTD MARCH-QUARTER CONSOL NET PROFIT 2.18 BILLION RUPEES VERSUS 3.7 BILLION RUPEES
MAHARASHTRA SEAMLESS LTD MARCH-QUARTER CONSOL INCOME FROM OPERATIONS 12.15 BILLION RUPEES VERSUS 16.33 BILLION RUPEES
MAHARASHTRA SEAMLESS LTD - DIVIDEND OF 10 RUPEES PER SHARE
Source text for Eikon: ID:nNSE9LCbCR
Further company coverage: MHSM.NS
(([email protected];))
India's Maharashtra Seamless Ltd rises on $81 mln order win
** Steel pipes and tubes maker Maharashtra Seamless Ltd's MHSM.NS shares rise as much as 7.5%, highest since March 7
** MHSM got order worth 6.74 bln rupees ($80.8 mln) from ONGC ONGC.NS for supply of casing seamless pipes
** Stock set for best day in nearly a month, if gains hold
** MHSM sees second-most active day of 2024, nearly 600,000 shares traded by 9:25 a.m. IST
** Session's gains help MHSM turn green for the year; stock up ~2% YTD
($1 = 83.3700 Indian rupees)
(Reporitng by Nishit Navin)
** Steel pipes and tubes maker Maharashtra Seamless Ltd's MHSM.NS shares rise as much as 7.5%, highest since March 7
** MHSM got order worth 6.74 bln rupees ($80.8 mln) from ONGC ONGC.NS for supply of casing seamless pipes
** Stock set for best day in nearly a month, if gains hold
** MHSM sees second-most active day of 2024, nearly 600,000 shares traded by 9:25 a.m. IST
** Session's gains help MHSM turn green for the year; stock up ~2% YTD
($1 = 83.3700 Indian rupees)
(Reporitng by Nishit Navin)
Maharashtra Seamless Receives Order With Basic Value Of 6.74 Billion Rupees
April 11 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
MAHARASHTRA SEAMLESS LTD - RECEIVED ORDER WITH BASIC VALUE OF 6.74 BILLION RUPEES
Source text for Eikon: ID:nBSE3flZTk
Further company coverage: MHSM.NS
(([email protected];))
April 11 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
MAHARASHTRA SEAMLESS LTD - RECEIVED ORDER WITH BASIC VALUE OF 6.74 BILLION RUPEES
Source text for Eikon: ID:nBSE3flZTk
Further company coverage: MHSM.NS
(([email protected];))
Maharashtra Seamless CFO Anuj Kumar Jaiswal Resigns
Feb 1 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
CFO ANUJ KUMAR JAISWAL RESIGNS
Source text for Eikon: ID:nBSEbYH9y8
Further company coverage: MHSM.NS
(([email protected];))
Feb 1 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
CFO ANUJ KUMAR JAISWAL RESIGNS
Source text for Eikon: ID:nBSEbYH9y8
Further company coverage: MHSM.NS
(([email protected];))
Maharashtra Seamless Says Receipt Of Contract From Indian Oil For Seamless Pipes
Jan 26 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
RECEIPT OF CONTRACT FROM INDIAN OIL CORP FOR SEAMLESS PIPES
AGGREGATE BASIC VALUE OF ABOUT 1.16 BILLION RUPEES
Source text for Eikon: ID:nBSE94DxRr
Further company coverage: MHSM.NS
(([email protected];))
Jan 26 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
RECEIPT OF CONTRACT FROM INDIAN OIL CORP FOR SEAMLESS PIPES
AGGREGATE BASIC VALUE OF ABOUT 1.16 BILLION RUPEES
Source text for Eikon: ID:nBSE94DxRr
Further company coverage: MHSM.NS
(([email protected];))
India's Maharashtra Seamless hits record high on $18.97 mln order win
** Shares of steel pipes and tubes maker Maharashtra Seamless MHSM.NS rise as much as 4.98% to an all-time high of 586.95 rupees
** Stock on track for a fifth consecutive session of gains, if trend holds
** MHSM on Saturday said it got an order worth 1.57 billion rupees ($18.97 million) from Oil India and IOCL for supply of seamless pipes
** More than 598,000 shares change hands by 09:56 a.m. IST, 1.2x the 30-day avg
** Stock up 72.4% so far this year
($1 = 82.7440 Indian rupees)
(Reporting by Anisha Ajith in Bengaluru)
(([email protected];))
** Shares of steel pipes and tubes maker Maharashtra Seamless MHSM.NS rise as much as 4.98% to an all-time high of 586.95 rupees
** Stock on track for a fifth consecutive session of gains, if trend holds
** MHSM on Saturday said it got an order worth 1.57 billion rupees ($18.97 million) from Oil India and IOCL for supply of seamless pipes
** More than 598,000 shares change hands by 09:56 a.m. IST, 1.2x the 30-day avg
** Stock up 72.4% so far this year
($1 = 82.7440 Indian rupees)
(Reporting by Anisha Ajith in Bengaluru)
(([email protected];))
India's Maharashtra Seamless hits record high on becoming debt free
** Shares of Maharashtra Seamless Ltd MHSM.NS rise as much as 5.3% to an all-time high of 498 rupees
** Steel pipes maker on Saturday said it became completely debt free after making voluntary prepayment of a long-term loan worth 2.34 bln rupees ($28.39 mln)
** Stock trading above its 50-, 100-, and 200-day moving averages since April 3, suggesting bullish bias
** Trading volume at ~400,000 shares, slightly below the 30-day avg of ~431,600 shares as of 9:35 a.m. IST
** Stock last up ~49% so far this year
($1 = 82.4295 Indian Rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Maharashtra Seamless Ltd MHSM.NS rise as much as 5.3% to an all-time high of 498 rupees
** Steel pipes maker on Saturday said it became completely debt free after making voluntary prepayment of a long-term loan worth 2.34 bln rupees ($28.39 mln)
** Stock trading above its 50-, 100-, and 200-day moving averages since April 3, suggesting bullish bias
** Trading volume at ~400,000 shares, slightly below the 30-day avg of ~431,600 shares as of 9:35 a.m. IST
** Stock last up ~49% so far this year
($1 = 82.4295 Indian Rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
Maharashtra Seamless Ltd - Scheduled Preventive Maintenance Shutdown Of One Seamless Pipe Manufacturing Mill, Telangana Estimated For 15 Days
May 18 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
SCHEDULED PREVENTIVE MAINTENANCE SHUTDOWN OF ONE SEAMLESS PIPE MANUFACTURING MILL, TELANGANA ESTIMATED FOR 15 DAYS
Source text for Eikon: ID:nBSE51ppKd
Further company coverage: MHSM.NS
(([email protected];))
May 18 (Reuters) - Maharashtra Seamless Ltd MHSM.NS:
SCHEDULED PREVENTIVE MAINTENANCE SHUTDOWN OF ONE SEAMLESS PIPE MANUFACTURING MILL, TELANGANA ESTIMATED FOR 15 DAYS
Source text for Eikon: ID:nBSE51ppKd
Further company coverage: MHSM.NS
(([email protected];))
India's Maharashtra Seamless near 5-month high on order win
** Shares Maharashtra Seamless Ltd MHSM.NS rise as much as 3.5% to 419 rupees, their highest since Nov. 25
** Co gets ~2.62 bln rupees (~$32 mln) order from ONGC Ltd ONGC.NS for supply of seamless tubing pipes and accessories
** Trading vol by 9:52 a.m. IST is 50% of 30-day moving avg
** MHSM last up ~3%, taking gains in April so far to ~16.5%
** Stock fell in Jan and Feb, but March and Apr jumps takes YTD gains to ~28.5%
($1 = 82.0850 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares Maharashtra Seamless Ltd MHSM.NS rise as much as 3.5% to 419 rupees, their highest since Nov. 25
** Co gets ~2.62 bln rupees (~$32 mln) order from ONGC Ltd ONGC.NS for supply of seamless tubing pipes and accessories
** Trading vol by 9:52 a.m. IST is 50% of 30-day moving avg
** MHSM last up ~3%, taking gains in April so far to ~16.5%
** Stock fell in Jan and Feb, but March and Apr jumps takes YTD gains to ~28.5%
($1 = 82.0850 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
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What does Maharashtra Seamless do?
Maharashtra Seamless specializes in manufacturing a diverse range of steel pipes and tubes, including ERW pipes, seamless pipes, and coated pipes for various industries.
Who are the competitors of Maharashtra Seamless?
Maharashtra Seamless major competitors are Surya Roshni, JTL Industries, Venus Pipes & Tubes, Goodluck India, Aeroflex Industries, Hi-Tech Pipes, Man Industries. Market Cap of Maharashtra Seamless is ₹9,399 Crs. While the median market cap of its peers are ₹2,587 Crs.
Is Maharashtra Seamless financially stable compared to its competitors?
Maharashtra Seamless seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Maharashtra Seamless pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Maharashtra Seamless latest dividend payout ratio is 14.09% and 3yr average dividend payout ratio is 9.23%
How has Maharashtra Seamless allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Maharashtra Seamless balance sheet?
Balance sheet of Maharashtra Seamless is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Maharashtra Seamless improving?
The profit is oscillating. The profit of Maharashtra Seamless is ₹772 Crs for TTM, ₹951 Crs for Mar 2024 and ₹765 Crs for Mar 2023.
Is the debt of Maharashtra Seamless increasing or decreasing?
Yes, The debt of Maharashtra Seamless is increasing. Latest debt of Maharashtra Seamless is -₹59.07 Crs as of Sep-24. This is greater than Mar-24 when it was -₹112.13 Crs.
Is Maharashtra Seamless stock expensive?
Yes, Maharashtra Seamless is expensive. Latest PE of Maharashtra Seamless is 12.47, while 3 year average PE is 11.18. Also latest EV/EBITDA of Maharashtra Seamless is 10.26 while 3yr average is 7.53.
Has the share price of Maharashtra Seamless grown faster than its competition?
Maharashtra Seamless has given better returns compared to its competitors. Maharashtra Seamless has grown at ~-20.57% over the last 1yrs while peers have grown at a median rate of -20.87%
Is the promoter bullish about Maharashtra Seamless?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 68.86% and last quarter promoter holding is 68.07%.
Are mutual funds buying/selling Maharashtra Seamless?
The mutual fund holding of Maharashtra Seamless is increasing. The current mutual fund holding in Maharashtra Seamless is 3.06% while previous quarter holding is 3.02%.