Maharashtra Seamless Ltd
MAHSEAMLESMaharashtra Seamless Ltd's price has outrun its earnings. +16.3% in a year against EPS −9.8% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +16.3% in a year while annual EPS moved −9.8% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is topping out (7 weeks in) while the P/E sits at the 71st percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +15.7% year on year, and 106% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Maharashtra Seamless Ltd trades at ₹729, losing momentum at the top and 7 weeks into that stage. That is +19.2% against its own 200-day average. It sits at 100% of a 52-week range of ₹507 to ₹729. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is losing momentum at the top — week 7 of stage 3. At ₹729 it trades +19.2% versus its 200-day average and sits at 100% of its 52-week range (₹507–₹729).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +953% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Maharashtra Seamless Ltd trades at 13.2× P/E, at the pricey end of its own range (71st percentile). Its long-run median P/E is 10.2×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 13.2× is at the pricey end of its own range (71st percentile), against a long-run median of 10.2× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −9.8% against a +16.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +36.2%/yr price move, ~+17.4%/yr came from earnings growth and ~+18.8 pp from the multiple (expanding); over 10y, of the +20.7%/yr price move, ~+23.6%/yr came from earnings growth and ~−2.9 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 29% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, Maharashtra Seamless Ltd was paying for profit growth of about 3.7% a year. Today the market pays 13.2× P/E, the 71st percentile of its own 11-year range.
What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is the whole of what a buyer is backing.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Maharashtra Seamless Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −12.2% latest against +0.8% at its 12-quarter best), ROCE slipping at 14.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −11.3% | −6.5% | +15.2% | +16.5% |
| Profit | −9.8% | −3.0% | +42.1% | — |
| EPS | −9.8% | −2.8% | +48.2% | — |
| Share price | +16.3% | +8.3% | +36.2% | +20.7% |
4-Factor Sector Score
51.3/100 — rank 8 of 15 in Steel - Tubes/Pipes · 82% evidence confidence
Maharashtra Seamless Ltd scores 51.3 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 8. Price leads the evidence: RS versus the benchmark is 24.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 9.7 + 13.3 + 12.7 + 15.6 = 51.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Maharashtra Seamless Ltd reported ₹1,091 Cr of revenue in the Jun 26 quarter, −4.7% year on year. Over 10 years it has compounded at 16.5% a year. The last full year, FY26, came in at ₹4,674 Cr. The last four reported quarters add to ₹4,620 Cr.
FY26 revenue came in at ₹4,674 Cr (−11.3% on the year), capping 10 years at 16.5% compound. The latest quarter (Jun 26) printed ₹1,091 Cr, −4.7% year on year.
Pace check: the last four quarters averaged −11.8% growth against the decade's 16.5% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −12.2% over the last 4 quarters against −6.9%/yr over the last 8 — rolling over; TTM profit −16.1% vs −8.2%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Maharashtra Seamless Ltd's operating margin is 16.0% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.8% to 22.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 16.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.8%–22.0%.
Why the margin moved: operating margin went +2.0 pp year on year while gross margin went +4.7 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Maharashtra Seamless Ltd earned ₹266 Cr of net profit in the Jun 26 quarter, +15.7% year on year. Full-year FY26 profit was ₹701 Cr. That is 24.4% of the quarter's revenue. The same quarter a year earlier earned ₹230 Cr.
Jun 26 profit was ₹266 Cr, +15.7% year on year. On the full year, FY26 printed ₹701 Cr (−9.8%).
Why profit moved: revenue contributed −4.7% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −13.6% vs revenue −11.8%. Profit and revenue are moving roughly in step.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 106% of Maharashtra Seamless Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹933 Cr of operating cash against ₹701 Cr of profit. After ₹169 Cr of capital spending, ₹764 Cr was left as free cash.
FY26: operating cash of ₹933 Cr against reported profit of ₹701 Cr, leaving free cash of ₹764 Cr after ₹169 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 106% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 106%: the cash cycle stretched 18 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Maharashtra Seamless Ltd's cash conversion cycle runs 153 days in FY26, up from 135 days in FY21. Capital spending ran ₹226 Cr over the last 3 years. At FY26 sales of ₹4,674 Cr each day of that cycle holds about ₹12.8 Cr, so roughly ₹1,959 Cr sits inside the business at any moment.
FY26: debtors at 44 days, inventory at 140 days — roughly 4.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 153 days, looser than FY21's 135.
The full loop: cash goes out to suppliers and production on day 0; stock waits 140 days to sell; customers pay about 44 days after that; and suppliers themselves are paid at 31 days — netting out to the 153-day cycle.
In money terms: at FY26 sales of ₹4,674 Cr, each day of the cycle holds about ₹12.8 Cr — so the 153-day loop keeps roughly ₹1,959 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹226 Cr over the last 3 fiscal years against ₹321 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹73.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Maharashtra Seamless Ltd earns a ROCE of 14% in FY26. That is up from a trough of 0% in FY16. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 15.0% net margin on 0.60× asset turns.
FY26 ROCE is 14%, recovered from a FY16 trough of 0% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 15.0% net margin × 0.60× asset turns × 1.13× balance-sheet leverage ≈ 10.2% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 29% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Maharashtra Seamless Ltd carries ₹13.0 Cr of borrowings against ₹6,876 Cr of equity in FY26, a debt-to-equity of 0.00. Operating profit covers the interest bill north of 100×. Over 5 years borrowings went from ₹922 Cr to ₹13.0 Cr. Capital spending ran ₹226 Cr across the last 3 of those years.
FY26: borrowings of ₹13.0 Cr against equity of ₹6,876 Cr — a debt-to-equity of 0.00. Operating profit covers the interest bill north of 100×. Over 5 years borrowings went from ₹922 Cr to ₹13.0 Cr while capital spending ran ₹226 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 29% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters added 2.3 points of Maharashtra Seamless Ltd over 8 quarters, the biggest move on the register. That takes promoters to 70.3% of the company. Domestic institutions moved −1.4 points over the same window, to 3.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +2.3 points over 8 quarters to 70.3%; Domestic institutions: −1.4 points over 8 quarters to 3.8%; Foreign institutions: +0.5 points over 8 quarters to 9.7%.
Why the register moved: promoters drove it (+2.3 points), absorbed on the other side by domestic institutions (−1.4 points) — steady accumulation by institutions reading the same numbers this page reads.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Maharashtra Seamless Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Man Industries (India) LtdMANINDS | 68.9/100Favorable setup100% evidence | BREAKING OUT | 23.0/35 Revenue 10.8% · PAT 25.9% · OPM change 7 pp 100% evidence | 14.5/25 ROCE 16.2% · OPM 14% 100% evidence | 11.4/20 P/E 31.8× · PEG 0.2 100% evidence | 20.0/20 RS sector 58.9% · RS bench 82.2% · 1Y 104.6%7 of 12 weeks ahead 100% evidence |
| Exact sum: 23 + 14.5 + 11.4 + 20 = 68.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Sambhv Steel Tubes LtdSAMBHV | 67.3/100Favorable setup77% evidence | BREAKING OUT | 28.2/35 Revenue 48.7% · PAT 100% · OPM change 0 pp 100% evidence | 16.2/25 ROCE 19.4% · OPM 13% 100% evidence | 10.2/20 P/E 23.1× · PEG — 15% evidence | 12.7/20 RS sector 5.4% · RS bench 22.1% · 1Y 7.4%7 of 12 weeks ahead 70% evidence |
| Exact sum: 28.2 + 16.2 + 10.2 + 12.7 = 67.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3APL Apollo Tubes LtdAPLAPOLLO | 67.2/100Favorable setup100% evidence | BREAKING OUT | 24.1/35 Revenue 10.4% · PAT 53.4% · OPM change 0 pp 100% evidence | 18.6/25 ROCE 31.8% · OPM 7% 100% evidence | 13.4/20 P/E 48.6× · PEG 0.7 100% evidence | 11.1/20 RS sector -2.9% · RS bench 13.4% · 1Y 29.4%5 of 12 weeks ahead 100% evidence |
| Exact sum: 24.1 + 18.6 + 13.4 + 11.1 = 67.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 4DEE Development Engineers LtdDEEDEV | 62.5/100Mixed-positive evidence93% evidence | FADING | 27.8/35 Revenue 40.1% · PAT 50% · OPM change 1 pp 100% evidence | 8.0/25 ROCE 10.7% · OPM 17% 100% evidence | 13.0/20 P/E 58.7× · PEG 0.62 65% evidence | 13.7/20 RS sector 44.8% · RS bench 62.8% · 1Y 133.3%9 of 12 weeks ahead 100% evidence |
| Exact sum: 27.8 + 8 + 13 + 13.7 = 62.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Gandhi Special Tubes LtdGANDHITUBE | 61.0/100Mixed-positive evidence87% evidence | TURNING | 22.0/35 Revenue 11.1% · PAT 13.6% · OPM change 4 pp 95% evidence | 19.3/25 ROCE 28.4% · OPM 47% 95% evidence | 11.3/20 P/E 14.3× · PEG — 50% evidence | 8.4/20 RS sector -7.8% · RS bench 7% · 1Y -11.3%1 of 12 weeks ahead 100% evidence |
| Exact sum: 22 + 19.3 + 11.3 + 8.4 = 61 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Venus Pipes & Tubes LtdVENUSPIPES | 60.9/100Mixed-positive evidence100% evidence | LEADER | 16.1/35 Revenue 21.9% · PAT 14.3% · OPM change 0 pp 100% evidence | 19.6/25 ROCE 21.3% · OPM 16% 100% evidence | 6.9/20 P/E 40.3× · PEG 3.93 100% evidence | 18.3/20 RS sector 32.6% · RS bench 52.7% · 1Y 53.2%12 of 12 weeks ahead 100% evidence |
| Exact sum: 16.1 + 19.6 + 6.9 + 18.3 = 60.9 · Decision use: Price leads the evidence: RS versus the benchmark is 52.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 7JTL Industries LtdJTLIND | 60.6/100Mixed-positive evidence100% evidence | BREAKING OUT | 25.3/35 Revenue 19% · PAT 42.4% · OPM change 3.7 pp 100% evidence | 5.5/25 ROCE 9.6% · OPM 8% 100% evidence | 13.6/20 P/E 29.5× · PEG 1.27 100% evidence | 16.2/20 RS sector 12.2% · RS bench 29.7% · 1Y 11.2%9 of 12 weeks ahead 100% evidence |
| Exact sum: 25.3 + 5.5 + 13.6 + 16.2 = 60.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Maharashtra Seamless Ltdthis pageMAHSEAMLES | 51.3/100Mixed-positive evidence82% evidence | TURNING | 9.7/35 Revenue -12.2% · PAT -16.1% · OPM change 2 pp 95% evidence | 13.3/25 ROCE 14.3% · OPM 16% 76% evidence | 12.7/20 P/E 13.2× · PEG — 50% evidence | 15.6/20 RS sector 7.6% · RS bench 24.9% · 1Y 15%2 of 12 weeks ahead 100% evidence |
| Exact sum: 9.7 + 13.3 + 12.7 + 15.6 = 51.3 · Decision use: Price leads the evidence: RS versus the benchmark is 24.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 9Welspun Specialty Solutions LtdWELSPLSOL | 47.7/100Mixed-negative evidence74% evidence | LEADER | 20.0/35 Revenue 15.2% · PAT 100% · OPM change 3.3 pp 74% evidence | 5.8/25 ROCE 9.9% · OPM 5.4% 100% evidence | 8.5/20 P/E 129× · PEG — 15% evidence | 13.4/20 RS sector 14.9% · RS bench 32.5% · 1Y 78.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20 + 5.8 + 8.5 + 13.4 = 47.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Scoda Tubes LtdSCODATUBES | 45.0/100Mixed-negative evidence65% evidence | TURNING | 9.6/35 Revenue 11.2% · PAT 8.7% · OPM change -1.7 pp 95% evidence | 16.8/25 ROCE 16.5% · OPM 12.8% 95% evidence | 10.4/20 P/E 21× · PEG — 15% evidence | 8.2/20 RS sector — · RS bench -10.1% · 1Y -27.7%3 of 10 weeks ahead 25% evidence |
| Exact sum: 9.6 + 16.8 + 10.4 + 8.2 = 45 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Hariom Pipe Industries LtdHARIOMPIPE | 44.5/100Mixed-negative evidence74% evidence | ASLEEP | 12.0/35 Revenue 10.8% · PAT 1.5% · OPM change 0 pp 95% evidence | 15.8/25 ROCE 15.7% · OPM 12% 95% evidence | 10.9/20 P/E 16.2× · PEG — 15% evidence | 5.8/20 RS sector -14.3% · RS bench -4.7% · 1Y -26%6 of 10 weeks ahead 70% evidence |
| Exact sum: 12 + 15.8 + 10.9 + 5.8 = 44.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Goodluck India LtdGOODLUCK | 41.5/100Mixed-negative evidence100% evidence | BASING | 20.4/35 Revenue 9.9% · PAT 23.5% · OPM change 1 pp 100% evidence | 11.1/25 ROCE 14.4% · OPM 10% 100% evidence | 6.2/20 P/E 25.2× · PEG 1.68 100% evidence | 3.8/20 RS sector -57% · RS bench 26.1% · 1Y -58%1 of 12 weeks ahead 100% evidence |
| Exact sum: 20.4 + 11.1 + 6.2 + 3.8 = 41.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Hi-Tech Pipes LtdHITECH | 32.6/100Adverse evidence87% evidence | ASLEEP | 14.8/35 Revenue 61.2% · PAT -1.3% · OPM change -1.5 pp 95% evidence | 5.4/25 ROCE 9.8% · OPM 3.5% 95% evidence | 10.2/20 P/E 20.6× · PEG — 50% evidence | 2.2/20 RS sector -26.9% · RS bench -14.8% · 1Y -15.3%2 of 12 weeks ahead 100% evidence |
| Exact sum: 14.8 + 5.4 + 10.2 + 2.2 = 32.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Surya Roshni LtdSURYAROSNI | 31.6/100Adverse evidence100% evidence | ASLEEP | 13.3/35 Revenue 11.7% · PAT 8.3% · OPM change 0.7 pp 100% evidence | 10.8/25 ROCE 15.6% · OPM 5% 100% evidence | 5.0/20 P/E 15× · PEG 4.08 100% evidence | 2.5/20 RS sector -25.5% · RS bench -13.1% · 1Y -27.4%3 of 12 weeks ahead 100% evidence |
| Exact sum: 13.3 + 10.8 + 5 + 2.5 = 31.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Rama Steel Tubes LtdRAMASTEEL | 23.0/100Adverse evidence87% evidence | ASLEEP | 8.7/35 Revenue -1.8% · PAT -44.1% · OPM change 2.1 pp 95% evidence | 4.7/25 ROCE 5.6% · OPM 2.7% 95% evidence | 7.4/20 P/E 49.6× · PEG — 50% evidence | 2.2/20 RS sector -51.6% · RS bench -42.6% · 1Y -62%1 of 12 weeks ahead 100% evidence |
| Exact sum: 8.7 + 4.7 + 7.4 + 2.2 = 23 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Maharashtra Seamless Ltd's share price today?
Maharashtra Seamless Ltd trades at ₹729, +16.3% over the past year. The company is valued at ₹9,767 Cr. The stock sits at the very top of its 52-week range (₹507–₹729), +19.2% versus its 200-day average. On the tape, the price is topping out, 7 weeks in. — as of 11 September 2026.
What were Maharashtra Seamless Ltd's latest quarterly results?
Maharashtra Seamless Ltd reported revenue of ₹1,091 Cr and net profit of ₹266 Cr for the Jun 26 quarter. Revenue fell 4.7% and profit rose 15.7% year on year. Earnings per share were ₹19.88. The operating margin was 16.0%, 2.0 pp higher than a year earlier. — as of 11 September 2026.
What is Maharashtra Seamless Ltd's revenue?
Maharashtra Seamless Ltd reported revenue of ₹1,091 Cr in the Jun 26 quarter, −4.7% year on year. For the full FY26 fiscal year, revenue was ₹4,674 Cr (−11.3%). Over the last 10 years revenue compounded at 16.5% a year. — as of 11 September 2026.
What is Maharashtra Seamless Ltd's profit?
Maharashtra Seamless Ltd earned ₹266 Cr of net profit in the Jun 26 quarter, +15.7% year on year. Full-year FY26 profit was ₹701 Cr. The operating margin ran 16.0% in the latest quarter. — as of 11 September 2026.
What is Maharashtra Seamless Ltd's market cap?
Maharashtra Seamless Ltd's market capitalisation is ₹9,767 Cr at a share price of ₹729. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Maharashtra Seamless Ltd's P/E ratio?
Maharashtra Seamless Ltd trades at a P/E of 13.2×, at the 71st percentile of its own 11-year range, against a long-run median of 10.2×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Maharashtra Seamless Ltd pay a dividend?
Yes — Maharashtra Seamless Ltd's dividend payout was 19% of profit in FY26, and it recorded a payout in 12 of its last 13 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Maharashtra Seamless Ltd overvalued?
On its own history, Maharashtra Seamless Ltd looks expensive: its P/E of 13.2× sits at the 71st percentile of its 11-year range (long-run median 10.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Maharashtra Seamless Ltd growing?
Yes — Maharashtra Seamless Ltd is growing: latest-quarter revenue −4.7% year on year, profit +15.7%, and the margin +2.0 pp at 16.0%. The earnings engine currently reads: improving — as of 11 September 2026.
How is Maharashtra Seamless Ltd performing?
Maharashtra Seamless Ltd is topping out, 7 weeks in. Its latest quarter's revenue fell 4.7% and profit rose 15.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Maharashtra Seamless Ltd in?
Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −12.2% latest against +0.8% at its 12-quarter best), ROCE slipping at 14.0%. The read comes from the last 12 quarters of growth (revenue growth −12.2% latest, profit growth −16.1% latest, eps growth −16.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Maharashtra Seamless Ltd in an uptrend?
It is stalling — the price is topping out (week 7 of stage 3), trading +19.2% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Maharashtra Seamless Ltd beating the market?
On recent form, yes — Maharashtra Seamless Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +953% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Maharashtra Seamless Ltd's share price go up?
This page publishes no price forecast for Maharashtra Seamless Ltd. What it measures instead: the share price is ₹729, the price is topping out 7 weeks in. Its P/E of 13.2× sits at the 71st percentile of its own 11-year range. Direction is not something this site claims to know. — as of 11 September 2026.
Who owns Maharashtra Seamless Ltd?
Promoters hold 70.3% of Maharashtra Seamless Ltd, foreign institutions 9.7%, domestic institutions 3.8% and the public 16.2% (latest quarter). The biggest move on the register over the last two years: Promoters added 2.3 points over 8 quarters. — as of 11 September 2026.
Does Maharashtra Seamless Ltd have too much debt?
No — Maharashtra Seamless Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹13.0 Cr against equity of ₹6,876 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Maharashtra Seamless Ltd's capex?
Maharashtra Seamless Ltd spent ₹226 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹169 Cr, with ₹73.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Maharashtra Seamless Ltd's cash flow?
Maharashtra Seamless Ltd generated ₹933 Cr of operating cash flow in FY26 and ₹764 Cr of free cash flow after ₹169 Cr of capital spending. Reported profit that year was ₹701 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Maharashtra Seamless Ltd's profit real cash?
Yes — over the last 3 fiscal years, 106% of Maharashtra Seamless Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹933 Cr against reported profit of ₹701 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Maharashtra Seamless Ltd in its business cycle?
Maharashtra Seamless Ltd's FY26 operating margin was 14.0%, against a 13-year band of 3.8%–22.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Maharashtra Seamless Ltd's price assume?
At its price on 13 June 2026, Maharashtra Seamless Ltd was priced for profit growth of about 3.7% a year. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Maharashtra Seamless Ltd story?
The sharpest disagreement: the price moved +16.3% in a year while annual EPS moved −9.8% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Maharashtra Seamless Ltd a stock worth studying right now?
This is not investment advice. The machine read: Maharashtra Seamless Ltd's price has outrun its earnings. +16.3% in a year against EPS −9.8% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!