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Maharashtra Seamless Ltd . Small Cap

BSE: 500265 | NSE: MAHSEAMLES
Steel
Live
15/04/2021 1:24:00 PM
267.00 -2.50   (-0.93%)
BSE: price shown with 5 mins delayed.
Prev. Close 269.50
Open Price 270.70
Volume Traded 1541.00

Fundamentals

Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 42.76 20.6 13.17 12.16 0 17.29 29.87 30.14 17.12
Net Sales (Rs. Cr.) 2300.23 1729.37 1208.89 1354.66 1018.68 1434.22 2150.21 3051.79 2644.83
Adjusted Net Profit 281.36 123.99 63.74 62.93 -25.63 97.86 189.9 295.94 224.88
Book Value/ Share(Rs.) 297.14 311.21 325.11 337.12 305.25 400.57 437.31 458.23 478.31
Cash Flow 12.49 -10.03 23.25 1.95 -6.27 1.68 10.39 43.91 25.21
Debt to Cash Flow from Operations 1.01 0.50 1.27 7.46 4.92 2.65 6.76 -5.80 1.53
RONW 14.72 5.78 2.89 2.66 -1.19 4.14 7.13 9.86 7.17
ROCE % 19.89 7.14 3.04 3.81 0.22 6.49 9.55 17.41 10.61
Net Operating Profit Margin % 18.97 10.65 8.04 8.08 4.64 14.96 16.88 23.40 18.05
Net Profit Margin % 12.66 6.72 4.86 4.32 -2.30 6.21 9.17 9.70 8.50
Debt / Equity 0.04 0.06 0.07 0.20 0.31 0.26 0.22 0.28 0.35
Dividend Yield % 1.53 2.73 2.98 2.53 1.73 0.58 1.26 2.70 0.93
Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 47.46 43.08 20.72 13.23 17.28 3.68 21.72 29.62 39.16 0
Net Sales (Rs. Cr.) 1761.27 2291.69 1722.03 1205.76 1355.16 1014.55 1428.23 2129.81 3040.25 2616.84
Adjusted Net Profit 306.05 282.61 124.78 64.02 91.24 31.51 145.49 198.45 340.12 -1045.72
Book Value/ Share(Rs.) 260.52 297.6 312.35 324 337.95 320.88 419.83 443.49 475.56 465.2
Cash Flow 1.79 9.97 -12.31 21.43 -13.61 -2.83 2.80 4.02 50.77 -57.41
Debt to Cash Flow from Operations -0.24 0.38 0.04 0.21 -0.02 0.37 0.10 0.17 -2.67 1.07
RONW 0.00 0.00 5.80 2.90 4.08 1.43 5.86 6.86 11.05 -33.18
ROCE % 25.18 21.80 7.42 3.13 5.28 2.71 9.39 10.23 19.56 13.69
Net Operating Profit Margin % 24.42 19.05 10.66 8.06 10.08 11.16 18.80 16.88 23.58 21.19
Net Profit Margin % 16.22 12.80 6.79 4.90 6.27 2.84 9.27 9.18 11.19 -39.96
Debt / Equity 0.03 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.08 0.20
Dividend Yield % 1.84 1.53 2.73 2.98 2.53 1.73 1.09 1.26 2.70 0.93

Year on Year Growth Rate (%)

Ajusted EPS Sales Adjusted Net Profit

Latest Financials

Standalone Consolidated
TTM EPS (Rs) 37.65 17.88
TTM Sales (Rs. Cr.) 2157.5 2188.2
BVPS (Rs.) 486.01 493.05
Reserves (Rs. Cr.) 3222.76 3269.91
P/BV 0.55 0.54
PE 7.16 15.07271
From the Market
52 Week High / Low (Rs) 349.95/185
All Time High / Low (Rs) 675/7.13
Volume Traded 1541
Market Cap (Rs. Cr.) 1805.64
Equity (Rs. Cr.) 33.499813
Face Value (Rs) 5
Industry PE 0

Quarterly Results

Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 578.01 456.73 578.32 544.44
Adjusted EPS (Rs) 4.07 9.86 13.47 10.26
Net Profit Margin % 4.71 14.46 15.61 12.62
Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 588.42 458.98 578.63 562.17
Adjusted EPS (Rs) -5.34 2.86 12.47 7.89
Net Profit Margin % -6.08 4.18 14.44 9.40

Quarterly Growth Rate (%)

Ajusted EPS Sales Net Profit Margin

Peers Data

Name Current Price(Rs) Market Cap. (Rs. cr.) Net Profit(Rs. cr.) Sales Growth(%)
Zenith Steel Pipes & Industries Ltd 0.79 10.81 -27.98 -38.56
Uttam Value Steels Ltd 0 165.2 0 -87.98
Bajaj Steel Industries Ltd 498.9 267.1 19.16 -7.52
Mukand Ltd 90 1269.12 0 -38.00
Kalyani Steels Ltd 342.85 1500.16 137.12 -32.37
Maharashtra Seamless Ltd 267 1805.64 -20.68 -39.64
APL Apollo Tubes Ltd 1202.6 15272.91 115.01 -29.38
Steel Authority of India Ltd 92.3 37463.86 2021.54 -53.13
Jindal Steel & Power Ltd 411.8 41769.65 617.67 -12.77
Tata Steel Ltd 892.35 105174.08 6743.8 -27.02
JSW Steel Ltd 623.2 152381.58 5291 -53.84

Technical

Sector

15880.37 101.52   (0.64%)

Index

48286.91 -257.15   (-0.53%)
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News

2021/03/25 12:34

Maharashtra Seamless to convene board meeting On 31 March 2021

Maharashtra Seamless will hold a meeting of the Board of Directors of the Company on 31 March 2021..

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About Company

Maharashtra Seamless Limited (MSL), incorporated on 10th May 1988, is the flagship company of the well-diversified DP Jindal Group. The Company is engaged in the manufacture of seamless pipes (various capacities), which find application in oil exploration, boilers, pipelines, petrochemicals etc. The plant is located at Raigad, Maharashtra, and is equipped with state-of-the-art machinery. The company has a technical collaboration with Mannesmann Demag Huttentechnik, Germany. MSL uses the world-renowned CPE technology and is capable of producing size range from 3/4' OD to 7' OD in hot finished and from 10 mm OD to 108 mm OD in cold drawn and cold pilgered condition. Besides seamless pipes and tubes, the company also makes large diameter Electric Resistance Welded (ERW) pipes from size 8' to 20' and wall thickness from 3.2 mm to 12.70 mm. As on 31st March 2019, the Company had six subsidiaries, two are wholly owned subsidiary companies registered in India and remaining four are registered outside India.The Company had signed a Memorandum of Understanding (MoU) for continuous supply of Steel Billets in the year 1994-95. MSL agreed with Salosha Investments and Financial Services Ltd and Shree Ambaji Properties Ltd during the year 1995-96 for manufacturing activities. In September of the year 2000 the company's new project of Electric Resistance Welded (ERW) Pipes for producing 4' OD to 21' OD ERW Pipes with an installed capacity of 50,000 M.T. per annum at Pipe Nagar, Maharashtra was commissioned. In the year 2001-02, the company production capacity was doubled from 50,000 MT to 1, 00,000 MT. During the year 2004-2005, the company entered into joint venture with Hydril LP to manufacture premium joint connections to facilitate company consolidation in both domestic and international markets of seamless pipes by going to new export avenues. In same year of 2004-2005 the company expanded its production facilities, using plug mill technology supported by world class revelers, to manufacture for the first time in India, large size seamless pipes of diameter up to 14 inches and wall thickness up to 40 mm. As on 4th January 2008, the company acquired seamless plant in Romania with an installed capacity of 200,000 TPA. In the same year, the company opened its export branch in USA to facilitate better services and customer support to its large base of Oil Country Tubular Goods (OCTG) and Line pipe customers in USA, Canada and Latin America. In June of the same year 2008, MSL had bagged export orders worth USD 45 million from USA. The company has also received domestic order worth Rs 860 million from Indian Oil Corporation (IOC).MSL plans to set up a 1 million ton per year billet plant in Maharashtra to feed its planned seamless pipe expansion. The backward integration project at Dubri in Orissa is part of MSL's aim to increase pipe capacity to 5,00,000 tons per year from the current 3,50,000 tons. The proposed steel plant will manufacture billets for captive consumption. Estimated to cost USD 44.8 million (about Rs 1800 million), the project involves relocation of the firm's newly acquired pipe plant in Romania to India.The Board of Directors of the Company at its meeting held on 8th April, 2013 had approved the buyback of its equity shares of the face value of Rs. 5/- each from the open market through stock exchanges for an amount upto Rs. 100 crore, and at a price not exceeding Rs. 300/- per share, payable in cash. The Company commenced its scheme of buyback of shares from 14th May 2013 and closed on 7th April 2014. The Company has bought back total of 35,33,796 shares for Rs. 69.21 Crore at an average price of Rs. 195.85. All shares bought back have been extinguished. The paid up capital of the Company after buyback is Rs. 33,49,98,130/-The Company had three wholly owned subsidiaries, as on 31st March 2014, namely Maharashtra Seamless (Singapore) Pte. Ltd., Singapore, Maharashtra Seamless Finance Ltd. and Discovery Oil & Mines Pte. Ltd., Singapore.During the year 2014, a subsidiary of the Company has acquired 20 percent stake in an Iron ore mine in Amapa, Brazil with estimated reserves of more than 250 million tons.During the year 2015, Dev Drilling Pvt. Ltd. ceased to be an associate company and became Joint Venture Company.During the year 2016-17, Zircon Drilling Supplies and Trading FZE was set up as a wholly owned subsidiary of Internovia Natural Resources FZ LLC, UAE, a subsidiary of the company.As on 31 March 2017, the company had 5 subsidiaries, one is wholly owned subsidiary company registered in India and remaining 4 is registered outside India.During the year 2018, Jindal Premium Connections Pvt., Ltd. became a wholly owned subsidiary of the Company.As on 31 March 2018, the company had 6 subsidiaries, two are wholly owned subsidiary companies registered in India and remaining 4 is registered outside India.The Company successfully commissioned and started generation from 20 MW Solar Power Plant at Khetusar, District Jodhpur, Rajasthan. It also commissioned 1 MW rooftop solar power plant at Nagothane and 10 MW captive power plants at Beed Maharashtra. With this Company has achieved a total capacity of 43 MW of Renewable Energy in FY 2018.In FY 2018, the Company successfully defended antidumping case and Department of Commerce of United States of America has removed the antidumping duty order on company which means there is no antidumping duty on OCTG exported to USA.The Company had made investments in a mining asset through its foreign subsidiaries. The subsidiary, holding the mining investments partially impaired the said investments. Accordingly the Company impaired its exposures, partially for Rs. 145.98 Crore during the year 2019.National Company Law Tribunal, Hyderabad vide order dated 21st January 2019 had approved the Resolution Plan submitted by the Company for acquisition of United Seamless Tubular Pvt. Ltd. (USTPL) under the Insolvency and Bankruptcy Code 2016. In accordance with the Order, the Company acquired all shares of USTPL and deposited Rs. 477 crores in an escrow account as upfront payment for the financial creditors and others through Resolution Professional, as per the Plan approved by NCLT. However, NCLAT vide its judgement dated 8th April 2019 required the Company to deposit additional amount of Rs. 120.54 Crore. The Company filed the appeal before the Hon'ble Supreme Court and matter is subjudice. Accordingly United Seamless Tubulaar Pvt. Ltd. (USTPL) is not being considered as subsidiary.