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BSE: 500265 | NSE: MAHSEAMLES | Steel & Iron Products | Small Cap
1. Is Maharashtra Seamless Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Maharashtra Seamless Ltd is a below average quality company.
2. Is Maharashtra Seamless Ltd undervalued or overvalued?
The key valuation ratios of Maharashtra Seamless Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Maharashtra Seamless Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Maharashtra Seamless Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 2.6% | 3.2% | 0.7% | 5.3% | 6.7% | 11% | 8.6% | 7.3% | 17.2% | 17.5% | - | ||
| Value Creation Index ⓘ | -0.8 | -0.8 | -1.0 | -0.6 | -0.5 | -0.2 | -0.4 | -0.5 | 0.2 | 0.3 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 1,206 | 1,355 | 1,015 | 1,428 | 2,130 | 3,040 | 2,617 | 2,225 | 3,975 | 5,707 | 5,496 | ||
| YoY Gr. Rt. % | - | 12.4% | -25.1% | 40.8% | 49.1% | 42.8% | -13.9% | -15% | 78.6% | 43.6% | - | ||
| Adj EPS ⓘ | 5.2 | 6.6 | 1.2 | 10.3 | 14.1 | 26.5 | 21.7 | 19.1 | 52.8 | 60.3 | 67.5 | ||
| YoY Gr. Rt. % | - | 27% | -82.2% | 781.2% | 37.2% | 87.3% | -18% | -12.2% | 176.9% | 14.1% | - | ||
| BVPS (₹) ⓘ | 162 | 169 | 160.4 | 209.9 | 221.7 | 237.8 | 232.6 | 242.1 | 294.7 | 350.9 | 381.1 | ||
| Adj Net Profit ⓘ | 70.7 | 88.2 | 15.6 | 138 | 189 | 355 | 291 | 256 | 708 | 808 | 905 | ||
| Cash Flow from Ops. ⓘ | 73.1 | -48.9 | 18.8 | 174 | 87 | -183 | 749 | 501 | -272 | 908 | - | ||
| Debt/CF from Ops. ⓘ | 0.1 | -0 | 0.4 | 0.1 | 0.2 | -2.7 | 1.1 | 1.4 | -2.3 | 0.3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 18.9% | 21.8% | 29.7% | 43.6% | ||||||||
| Adj EPS ⓘ | 31.4% | 33.7% | 40.5% | 14.1% | ||||||||
| BVPSⓘ | 9% | 9.6% | 14.7% | 19.1% | ||||||||
| Share Price | 26.8% | 30.3% | 90.7% | 138.6% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 2.5 | 3.2 | 0.6 | 5 | 6.6 | 11.5 | 9.2 | 8 | 19.7 | 18.7 | 18.5 | |
| Op. Profit Mgn % ⓘ | 7.7 | 8.1 | 3.5 | 15.4 | 14.4 | 21.9 | 21.1 | 20.1 | 15.2 | 18.5 | 19.5 | |
| Net Profit Mgn % ⓘ | 5.9 | 6.5 | 1.5 | 9.7 | 8.9 | 11.7 | 11.1 | 11.5 | 17.8 | 14.2 | 16.5 | |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.3 | 0.2 | 0.2 | 0.1 | 0 | |
| Working Cap Days ⓘ | 318 | 306 | 428 | 300 | 230 | 229 | 314 | 371 | 224 | 163 | 199 | |
| Cash Conv. Cycle ⓘ | 193 | 166 | 220 | 141 | 117 | 101 | 91 | 75 | 89 | 103 | 170 | |
Return on Equity has increased versus last 3 years average to 18.50%
Sales growth is growing at healthy rate in last 3 years 29.68%
Net Profit is growing at healthy rate in last 3 years 40.52%
Sales growth is not so good in last 4 quarters at 8.19%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 67.5 | 74.5 |
| TTM Sales (₹ Cr.) | 5,496 | 5,729 |
| BVPS (₹.) ⓘ | 381.1 | 385.2 |
| Reserves (₹ Cr.) ⓘ | 5,040 | 5,094 |
| P/BV ⓘ | 2.36 | 2.33 |
| PE ⓘ | 13.31 | 12.06 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 279.00 / 941.20 |
| All Time Low / High (₹) | 3.56 / 941.20 |
| Market Cap (₹ Cr.) | 12,049 |
| Equity (₹ Cr.) | 67 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 25.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Maharashtra Seamless Ltd (MSL) was incorporated on May 10, 1988. The company was conceived after noticing huge demand and supply gap in the seamless pipe market, which was met mostly through imports. This import substitute project was set up in 1991 at Nagothane (near Mumbai), Distt. Raigad (Maharashtra), to manufacture seamless pipes & tubes with the finest quality and wide product range using the world renowned CPE technology acquired through technical collaboration with Mannesmann Demag Huttentechnik Gmbh (MDH), Germany at a capital cost of Rs 69 crore. The project was appraised and financed by ICICI in participation with IDBI & IFCI and other banks. Mannesmann Demag is a world leader in steel and seamless pipe industry. Our state of the art plant is only the third of its kind in the world. The plant was commissioned in February 1992. The main plant and machinery was imported from USA based on MDH design.
Business area of the company
Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology. The company also manufactures ERW Pipes and Coated Pipes. The company also engaged in the business of Wind Power, Steel Pipes & Tubes.
Products
Key customer segments
Milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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