Maharashtra Seamless share price today

Maharashtra Seamless Ltd's share price was ₹556.65 at the close on 4 November 2026. It has been rising for 8 weeks. That is 9.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹507 and ₹729, and at that close it sat 22% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Maharashtra Seamless Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +704% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 3 quarters in a row, foreign funds (FIIs) raised their stake for 3 quarters in a row and revenue down on a year earlier for 5 quarters in a row.

1. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 2.9% to 3.9% of the company by the September 2026 quarter.

2. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 9.5% to 9.9% of the company by the September 2026 quarter.

3. Revenue down on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹1,091 crore, -4.7% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Maharashtra Seamless reported revenue of ₹1,091 crore, down 4.7% from ₹1,145 crore a year earlier, and a profit of ₹266 crore, up 15.7% from ₹230 crore.

Maharashtra Seamless results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Maharashtra Seamless' management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Maharashtra Seamless closed at ₹556.65 on 4 November 2026, up 1.5% from ₹548.55 a year earlier (7 November 2025) and up 120.4% over five years. Its highest weekly close since March 2016 was ₹1,014.80 on 8 December 2023.

Maharashtra Seamless share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Maharashtra Seamless closed at ₹556.65, up 3.4% on the week and down 20.3% on the month. 28 Sep 2026: Maharashtra Seamless held its results call for April to June 2026. Management guided: Next-quarter dispatches 105-110kt; current order book described as sufficient for the quarter.

Earlier

• 1 Sep 2026: ex-date for a dividend of ₹10 a share.
• Results for April to June 2026: Revenue down 4.7% and profit up 15.7% on a year earlier.

Maharashtra Seamless paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.80% at the ₹556.65 close on 4 November 2026. The last was a dividend of ₹10 a share, ex-date 1 September 2026.

Maharashtra Seamless dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Maharashtra Seamless Ltd paid out 19% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Maharashtra Seamless' management guided: Next-quarter dispatches 105-110kt; current order book described as sufficient for the quarter.

“Qualitatively, we remain circumspect because unless oil and gas sector expenditure crystallizes at the ground level, none of the participants will benefit.”Kaushal Bangani, on the call for April to June 2026

What management guided

• Next-quarter margin better than the first quarter.
• Telangana finishing line: partial start in the December quarter and full commissioning by March 31 of this financial year.
• Premium-threading capacity around 10,000 tons per annum, booked through May or June next year.
• Exports remain on track with no dip.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

When Maharashtra Seamless reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Next-quarter dispatches to land within the normal-quarter range, with margin improvement versus the prior quarter.

Maharashtra Seamless is on one of our India lists: Dividend stocks.

Maharashtra Seamless Ltd earned ₹266 Cr of net profit in the Jun 2026 quarter, +15.7% on the same quarter a year earlier. 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.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹701 Cr (−9.8% on the year before).

Why profit moved: revenue changed −4.7% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −13.6% and revenue −11.8%. Profit and revenue are moving at about the same pace.

Maharashtra Seamless Ltd reported ₹1,091 Cr of revenue in the Jun 2026 quarter, −4.7% on the same quarter a year earlier. Over 10 years it has grown 16.5% a year on average. The last full year, FY26, came in at ₹4,674 Cr. The last four reported quarters add to ₹4,620 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹4,674 Cr, −11.3% on the year before.

Recent pace: the last four quarters grew −11.8% on average, against 16.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −12.2%, against −6.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −16.1%, against −8.2% a year (rolling over).

Maharashtra Seamless Ltd's operating margin was 16.0% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 3.8% and 22.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.0 percentage points on the year while gross margin changed +4.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 106% of Maharashtra Seamless Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹933 Cr of operating cash against ₹701 Cr of profit. After ₹169 Cr of spending on assets, ₹764 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 106% of profit came in as cash: the cash cycle got 18 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Maharashtra Seamless Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 153 days in FY26, up from 135 days in FY21. It spent ₹226 Cr on assets over the last 3 years. Customers take 44 days to pay, and stock sits for 140 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,674 Cr, each day of that cycle ties up about ₹12.8 Cr, so roughly ₹1,959 Cr is tied up in the business at any time.

FY26: customers took 44 days to pay and stock sat for 140 days, about 4.6 months of sales sitting as stock, for a full cycle of 153 days, longer than FY21's 135.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 140 days. Customers pay about 44 days after that. Suppliers are paid at 31 days. Together that makes the 153-day cycle.

Spending on assets: ₹226 Cr over the last 3 years, against ₹321 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹73.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Maharashtra Seamless Ltd's P/E is 10.1×, in the middle of its own history: higher than 46% of past readings. Its usual P/E (the middle reading) is 10.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.