MAHSEAMLES - Fundamental Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Fundamental Rating: 3.8

Let’s unpack MAHSEAMLES (Maharashtra Seamless Ltd.) through a detailed lens

📊 Core Financials

Profitability

ROCE: 16.6% and ROE: 12.9% — moderately strong returns, pointing to decent capital efficiency.

EPS: ₹58.0 — solid earnings for the current price level.

Growth

PAT Qtr vs Prev Qtr: ₹242 Cr. vs ₹186 Cr. — healthy 30% sequential growth.

Quarterly Profit Variation: 10.9% — steady YoY progress.

Leverage

Debt-to-equity: 0.00 — virtually debt-free, which strengthens its resilience and financial flexibility.

📈 Valuation Metrics

Indicator Value Commentary

P/E 11.9 Attractive; below industry average of 23.8 — undervalued

P/B Ratio ~1.46 Fairly priced considering book value of ₹473

PEG Ratio 3.00 High — could imply overpriced for expected growth

Dividend Yield 1.44% Reasonable income component

Conclusion: While PEG appears stretched, the low P/E and strong earnings suggest the stock isn’t expensive based on current fundamentals.

🏭 Business Model & Moat

Operates in seamless pipes and tubes — key supplies to oil & gas, power, and infrastructure sectors.

Benefits from domestic manufacturing strength and long-standing market reputation.

No significant debt, stable earnings, and robust margins point to a conservative, durable business model.

📉 Technical Indicators

RSI: 43.8 — Leaning towards oversold territory, signals potential reversal.

MACD: -2.33 — Mild bearish trend in the short term.

DMA 50 & DMA 200: Current price (₹693) is below 50-DMA (₹706), but just above 200-DMA (₹688) — consolidation zone.

🛒 Entry Zone & Investment Outlook

Suggested Entry Zone: ₹675–₹685 — close to 200-DMA and recent support levels.

Long-Term View: Promising for medium-to-long term investors. Conservative financials, improving profits, and industry tailwinds make this a suitable pick for those seeking stable industrial exposure with limited downside risk.

Want me to chart its historical price action or compare it with Ratnamani Metals and Welspun Corp? Could give us more color on the sector.

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