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Mahalaxmi Seamless Ltd (513460)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513460 NSE: Steel & Iron Products | Small Cap | Mahalaxmi Seamless Share Price

₹8.58 -0.45 (-4.98%)

As on 10-Jun'26 11:32

Mahalaxmi Seamless Ltd (513460)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513460 NSE: Steel & Iron Products | Small Cap | Mahalaxmi Seamless Share Price

₹8.58 -0.45 (-4.98%)

As on 10-Jun'26 11:32

Key Metrics
Valuation Multiples
Market Cap
₹5 Cr.
Current Price
₹8.6
52-Week Low / High
₹7 / 11
TTM EPS
₹-0.1
TTM Sales
₹1.9 Cr.
Book Value per Share
₹-1.1
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
25
Price to Book (P/B)
-8.48
Lower than its 5-year historical median
Price to Sales (P/S)
2.52
Lower than its 5-year historical median
EV/EBITDA
17.57
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
30.80%
Outperforms industry median
Return on Assets (ROA)
8.31%
Operating Profit Margin
39.2%
Net Profit Margin
13.68%
Gross Profit Margin
29.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.09%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-2.67%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
45.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-6 Cr.
Equity
₹5.3 Cr.
Face Value
₹10
All Time Low / High
₹0.85 / 71.35

Mahalaxmi Seamless stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Mahalaxmi Seamless Ltd a good quality company?
Mahalaxmi Seamless Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Mahalaxmi Seamless Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mahalaxmi Seamless Ltd vs industry peers?
Mahalaxmi Seamless Ltd revenue CAGR is -0.11%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Mahalaxmi Seamless Ltd?
Promoters hold 45.84% of the Mahalaxmi Seamless Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mahalaxmi Seamless Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mahalaxmi Seamless Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -5%-18.1%-8%3.1%6.3%15.7%19.8%21.8%-75.2%30.8%-
Value Creation
Index
-1.4-2.3NANANA0.10.40.6NA1.2-

Growth Parameters

Sales 1110.73.91.91.91.921.81.81.92
Sales YoY Gr.--2.9%-63.6%-52.1%0%2.1%5.8%-9.4%0.6%1.1%-
Adj EPS -2.7-4.6-1.5-0.2-0.20.810.7-0.30.5-0.1
YoY Gr.-NANANANANA34.2%-28.4%-137%NA-
BVPS (₹) 50.7-1.2-1.4-1.5-0.80.31-1.4-0.9-1.1
Adj Net
Profit
-1.4-2.4-0.8-0.1-0.10.40.50.4-0.10.3-0
Cash Flow from Ops. -2.71.11.30.60.50.7-50.8-0.60.4-
Debt/CF from Ops. -35.94.611117.1-0.42-35.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -18%-0.1%-2.7%1.1%
Adj EPS NANA-22.2%NA
BVPS-182.6%NA-252.7%NA
Share Price 10.8% 18.1% 7.3% -22.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-42.8-161.9625.813.511.9-66-392.9118.7140.6-42.614.4
Op. Profit
Mgn %
-0.3-15.1835.133.249.350.645.540.439.24.5
Net Profit
Mgn %
-13.1-22.8-20.9-4.9-4.92126.721.2-7.813.6-3.9
Debt to
Equity
317.7-9.5-8.8-6.8-1213.93.2-2.5-4.2-
Working Cap
Days
277210234511688636395160785982
Cash Conv.
Cycle
7290-82-138-97-82-63-46-57-44-117

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales11.0410.723.901.871.871.912.021.831.841.86
Operating Expenses + 11.1112.333.611.221.250.97111.101.13
Manufacturing Costs3.704.320.200.020.070.020.020.040.030.04
Material Costs4.744.952.01000.050.07000.04
Employee Cost 1.981.740.850.790.780.730.650.700.750.79
Other Costs 0.691.320.550.410.400.170.250.260.320.26
Operating Profit -0.07-1.620.290.660.620.941.020.830.750.73
Operating Profit Margin (%) -0.6%-15.1%7.5%35.1%33.2%49.3%50.6%45.5%40.4%39.2%
Other Income + 0.170.630.060.110.280.330.130.090.040.03
Exceptional Items 00-0.2400000-1.570
Interest 0.930.620.510.300.430.460.190.110.100.21
Depreciation 0.590.600.600.600.580.550.520.470.440.36
Profit Before Tax -1.41-2.21-1-0.13-0.100.260.450.34-1.320.19
Tax 0.050.06-0-0.04-0.01-0.14-0.09-0.05-0.08-0.06
Profit After Tax -1.46-2.28-1-0.09-0.090.400.540.39-1.240.25
PAT Margin (%) -13.3%-21.2%-25.6%-4.9%-4.9%21.0%26.7%21.2%-67.4%13.7%
Adjusted EPS (₹)-2.8-4.3-1.9-0.2-0.20.81.00.7-2.40.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Mahalaxmi Seamless - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2.640.37-0.63-0.72-0.81-0.410.130.52-0.72-0.47
Share Capital 5.295.295.295.295.285.285.285.285.285.28
Reserves -2.65-4.92-5.92-6.01-6.09-5.69-5.15-4.76-6.01-5.75
Debt +7.986.485.515.754.904.421.721.361.541.41
Long Term Debt2.182.165.105.334.864.311.631.281.010.53
Short Term Debt5.804.330.410.420.040.110.080.080.530.88
Minority Interest0000000000
Trade Payables2.961.810.810.580.460.440.270.210.240.21
Others Liabilities 2.171.131.213.023.012.762.2122.101.84
Total Liabilities 15.769.796.908.637.567.214.334.103.152.98

Fixed Assets

Net Fixed Assets +6.355.880.280.220.180.160.140.240.190.28
Gross Block22.0621.290.680.680.690.700.710.750.760.83
Accumulated Depreciation15.7215.410.400.460.510.540.570.510.570.55
CWIP 0000000000
Investments 005.124.584.0500000
Inventories6.182.100.070000000
Trade Receivables0.940.300.180.160.170.220.190.050.040.16
Cash Equivalents 0.340.330.080.010.090.090.190.600.590.31
Others Assets 1.951.191.183.663.066.743.803.212.332.22
Total Assets 15.769.796.908.637.567.214.334.103.152.98

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2.721.111.300.580.500.69-50.82-0.610.37
PBT -1.41-2.21-0.76-0.13-0.100.260.450.340.250.19
Adjustment 1.320.961.120.890.780.690.690.540.530.54
Changes in Working Capital -2.562.471.23-0.06-0.13-0.17-0.54-0.050.18-0.36
Tax Paid -0.07-0.11-0.05-0.12-0.04-0.09-5.60000
Cash Flow From Investing Activity + -0.320.93-0.07-2.360.850.258.070.060.53-0.31
Capex -0.110.05-0.14-0-0.01-0.01-0.01-0.14-0.01-0.15
Net Investments 0000000000
Others -0.210.880.07-2.350.870.268.080.200.54-0.16
Cash Flow From Financing Activity + 2.60-2.05-1.481.71-1.27-0.93-2.98-0.470.07-0.34
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.08-0.022.940-0.47-0.48-2.81-0.35-0.27-0.48
Interest Paid -0.76-0.56-0.50-0.30-0.42-0.45-0.17-0.11-0.10-0.21
Dividend Paid 0000000000
Others 3.28-1.47-3.922.01-0.3800-0.010.440.35
Net Cash Flow -0.43-0.01-0.25-0.070.080.010.100.40-0.01-0.28

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-43.45-152.03N/AN/AN/AN/A0118.68N/AN/A
ROCE (%)-4.99-18.14N/AN/AN/AN/A19.7621.78N/AN/A
Asset Turnover Ratio0.740.860.470.240.230.260.350.430.510.61
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A1.73-9.262.1N/A1.48
Working Capital Days
Receivable Days59.2020.6022.4033.3032.5037.4037.2024.208.8020.10
Inventory Days162.70137.70101.200000000
Payable Days344.40175.70238.20003,343.501,835.40002,009.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mahalaxmi Seamless Ltd FAQs

The current trading price of Mahalaxmi Seamless on 10-Jun-2026 11:32 is ₹8.58.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Mahalaxmi Seamless stood at ₹4.75 Cr

The latest P/E ratio of Mahalaxmi Seamless as of 09-Jun-2026 is 0.00.

The latest P/B ratio of Mahalaxmi Seamless as of 09-Jun-2026 is -8.48.

The 52-week high of Mahalaxmi Seamless is ₹11.08 and the 52-week low is ₹7.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahalaxmi Seamless is ₹1.89 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahalaxmi Seamless Ltd is a average quality company.

The key valuation ratios of Mahalaxmi Seamless Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mahalaxmi Seamless Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Mahalaxmi Seamless Ltd

Mahalaxmi Seamless Limited is India's number one heat exchanger seamless tubes manufacturers of Carbon and Alloy Steel, Cold Drawn Seamless Tubes / Pipes. Mahalaxmi represents a reputed brand for highest quality cold drawn seamless tubes.

The company has a cold drawing facility for carbon and alloy steel seamless tubes / pipes in India. It offers high quality tubes and pipes in a wide range of sizes. The tubes of the company are patronized by Heat Exchanger manufacturers and users. We represent a reputed brand for highest quality cold drawn seamless tubes.

The raw material billets or mother tubes are sourced from reputed Indian or global manufacturers after due diligence and quality checks. Their sourcing strives to procure only the best material in order to produce the best tubes.

The manufacturing process begins with a piercing mill followed by a comprehensive 9-tank surface treatment plant. At the heart of its manufacturing genius are two bright annealing furnaces capable of fashioning a wide range of surface finishes. These are controlled atmosphere furnaces with inert gases that leave the surface bright and shining. Built around these are their variegated pointing, swaging, drawing, straightening and cutting machines that helps to serve any and all customer's requirements.

Quality at Mahalaxmi is such an obsession that, like breathing, it is just a way of life. All products manufactured by them are subjected to most stringent quality control procedures. They have a fully equipped mechanical lab containing metal spectra scope, 100 M.T. capacity tensile tester, Hardness tester, Microscope, Dead weight pressure gauge calibrator etc. They boast both encircling coil and roto-probe types of Eddy Current Testing facilities for all kind of internal and external flaw detection. And they have hydro-testing installations for straight as well as U-Tubes that can test up to pressures of 800 bars.

Mahalaxmi works very hard to meet all its commitments and promises to keep our customer's lives stress-free. It likes to deliver on time every time.

Product range of the company includes:

  • Heat Exchanger Tubes / Boiler Tubes  Mahalaxmi Seamless Ltd is India's Number one Heat Exchanger Seamless Tubes Manufacturer in Carbon and Alloy Steel
  • Hydraulic / Fuel Injection Tubes Hydraulic Tubes can be supplied under conditions according to DIN 2391 Part 2 in various grades mentioned overleaf. Fuel Injection Tubes can be supplied in lower tolerance than mentioned above. It can be supplied according to conditions mentioned in ISO-8535.
  • Precision Automotive / Mechanical Tubes   Mahalaxmi brings superior quality hollow section profiles (square, rectangle, hexagonal etc) made of the best raw materials. This hollow section profiles are available in different lengths, thickness and weights. The product can also be manufactured as per the specifications of the customers.

Awards/ Achievements

  • A proud awardee of the prestigious ‘Well Known Tube Maker’ title from the Indian Boiler Regulation Board allowing Mahalaxmi self-certification authority, a rare honour indeed. They are on way to becoming TS 16949 compliant soon
  • Mahalaxmi Seamless Limited is an ISO 9001: 2000 certified company and is en-route to being a TS16949 certified company by September 2006.
  • The company is certified by TUV in India to supply to European Union (EU) under Pressure Equipment Directive (PED) and AD 2000 WO certification.
  • It has been selected by CBI (a Dutch government organization chartered to promote import from developing countries into EU) after a comprehensive audit of their systems and processes.
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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