profit from every ₹100 of sales.
₹0₹100
Maharashtra Seamless
₹570.60-0.21% today
+1.0% in 1 year
1-year low ₹506.451-year high ₹737.65
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹10.90 for every ₹1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Maharashtra Seamless sold, what it kept, and what it did with the cash.
Sales went from ₹55.8 billion in 2023 to ₹46.7 billion in 2026, with ₹7.01 billion of profit last year.
SalesProfit
Maharashtra Seamless handed back 18% of the cash it generated last year.
₹1.3B
Free cash flow 2026₹7.6B
Bought back its own shares–
Paid as dividends₹1.3B
Cash vs. debt₹767M vs. ₹134M
Maharashtra Seamless vs. similar companies
Maharashtra Seamless grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Maharashtra Seamless | 10.9× · Cheap | ||
 Nucor | 33.6× · Expensive | ||
 ArcelorMittal | 15.3× · Fair price | ||
 JSW Steel | 14.8× · Cheap | ||
 Steel Dynamics | 28.4× · Fair price |
AI analysis
An AI analyst reads Maharashtra Seamless's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 55,751 | 52,717 | 52,687 | 46,743 | |
| 12,478 | 13,745 | 19,514 | 16,991 | |
| 9,207 | 11,130 | 8,193 | 5,711 | |
| 10,935 | 13,362 | 11,039 | 10,522 | |
| 7,648 | 9,513 | 7,775 | 7,013 | |
| 57.07 | 70.99 | 58.02 | 52.33 | |
| 22.4% | 26.1% | 37.0% | 36.3% | |
| 16.5% | 21.1% | 15.6% | 12.2% | |
| 13.7% | 18.0% | 14.8% | 15.0% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 58,588 | 65,832 | 70,333 | 77,390 |
| Cash | 544 | 545 | 418 | 767 |
| Total debt | 2,442 | 0 | 1 | 134 |
| Total liabilities | 10,848 | 8,525 | 6,932 | 8,626 |
| 47,740 | 57,307 | 63,401 | 68,765 | |
| 134 | 134 | 134 | 134 | |
| 14.3% | 16.1% | 11.9% | 10.3% | |
| 16.0% | 16.6% | 12.3% | 10.2% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 9,118 | 10,414 | 6,096 | 9,332 | |
| 188 | 321 | 232 | 1,697 | |
| 8,930 | 10,093 | 5,864 | 7,636 | |
| Dividends paid | 337 | 670 | 1,340 | 1,340 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 10.9×
- –
- –
- 1.2×
- 1.6×
- 10.0×
- 7.2×
- 10.0%
- 9.2%
- 1.8%
Profitability
- 36.3%
- 12.2%
- 15.0%
- –
- 10.3%
- 13.1%
- –
- –
- –
- –
Growth
- −5.7%
- −2.8%
- –
- –
- +0.0%
Financial health
- -0.1×
- 0.00
- –
- 365.1×
- 14.17
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 30%of 990
Top 44%of 950
Top 15%of 765
Bottom 20%of 928
Top 13%of 987
1.8%of the share price, paid each year
On $1,000 invested$18a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
19.1% of its profit
Room to growStretchedMore than it earns: 17.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
74Pass
Benjamin Graham
90Pass
Philip Fisher
52No pass
Peter Lynch
28No pass
Joel Greenblatt
52No pass
Charlie Munger
56No pass
Terry Smith
49No pass
Questions about Maharashtra Seamless
Is Maharashtra Seamless a good stock to buy?
A solid business, and the price looks low. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Maharashtra Seamless AI analysis
What does Maharashtra Seamless do?
Maharashtra Seamless Limited engages in the manufacture and sale of seamless steel pipes and tubes in India. The company operates through three segments: Steel Pipes & Tubes, Power Electricity, and RIG. It is in Steel, based in New Delhi, India.
Does Maharashtra Seamless pay a dividend?
Yes. At today's price the dividend is 1.8% a year, about 19% of its yearly profit. In 2026 it paid out ₹1.34 billion in dividends.
Is Maharashtra Seamless stock halal?
Questionable. Maharashtra Seamless sits in a grey zone: short-term investments may earn interest; type not reported. How we check
How has Maharashtra Seamless stock done over the past year?
Up 1.0% over the past twelve months, to ₹570.60. It traded between ₹506.45 and ₹737.65 and is 22.6% below its high.
Who are Maharashtra Seamless's competitors?
The largest listed companies in the same industry are Nucor, ArcelorMittal, JSW Steel and Steel Dynamics. The peers table on this page compares their profit, growth and price with Maharashtra Seamless's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.