ALFA Finder| Revenue growth | +9.6% YoY; +16% QoQ |
|---|---|
| Margins | EBITDA margin 11% vs 17% in Q1FY27 and 11% in Q2FY26. |
| Order book | ₹2,203 Cr as of 10 Nov 2026; Maharashtra ₹1,687 Cr. |
| Demand visibility | Order book ₹2,203 Cr; ONGC/Oil 33%; tender awards recovering. |
Growth
Revenue +9.6% YoY, +16% QoQ. PAT ₹78 Cr vs ₹130 Cr YoY, ₹271 Cr QoQ; ERW sales +38% YoY.
Outlook
No numeric guidance. ₹852 Cr capex (Narketpally ₹184 Cr, Nagothane hot mill ₹350 Cr). Order book ₹2,203 Cr, 67% non-ONGC.
Risks
Seamless EBITDA/tonne ₹9,220 vs ₹15,660 QoQ; Q2 other income near nil; China seamless anti-dumping interim extended only to 27 Jan 2027.
Investor Presentation filed with BSE, NSE: MAHSEAMLES. Summary written with AI assistance from the document.
Maharashtra Seamless Ltd: key numbers
- Share price
- ₹540.90
- Market cap
- ₹7,248 Cr
- Revenue (annual)
- ₹4,674 Cr
- Net profit (annual)
- ₹701.3 Cr
- P/E (TTM)
- 10.6×Sector 17.1×
- Promoter holding
- 70.30%+0.02% QoQ
- FII holding
- 9.93%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Maharashtra Seamless Ltd
All →Maharashtra Seamless Management Change
Maharashtra Seamless appointed Manish Kumar Khandelwal as Chief Financial Officer effective November 13, 2026. The appointment was made at a board meeting held the same day.
Maharashtra Seamless Q2 FY27 Results: Net Profit ₹72.9 Cr, Down 41.8% YoY
Maharashtra Seamless Ltd reported revenue from operations of ₹1,270 Cr (+9.6% YoY) and net profit of ₹72.9 Cr (-41.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹72.9 Cr · -41.8% YoY
Maharashtra Seamless Board Meeting Date
MAHARASHTRA SEAMLESS LIMITED intimated a board meeting on 13 Nov 2026 to consider unaudited standalone and consolidated quarterly and half-year results for September 2026, plus other business. Trading window closes 15 Nov 2026.
Maharashtra Seamless Other Announcement
Maharashtra Seamless Ltd filed its quarterly shareholding pattern for the period ending September 30, 2026, as per SEBI regulations.
Maharashtra Seamless Merger & Restructuring
Maharashtra Seamless's board approved a scheme of arrangement to demerge its two seamless pipe manufacturing undertakings into wholly-owned subsidiaries, MSTL and USL.
Maharashtra Seamless Management Change
Mr. Pithelis Raj Santhanamarian has resigned from the Directorship of Maharashtra Seamless Limited effective 25th September 2026 due to personal reasons.