Maharashtra Seamless Peer Comparison

NSE: MAHSEAMLES | BSE: 500265

₹737.65

₹15.80 (2.19%)

As on 30-Sep-2026IST

Market cap

₹9,890 Cr

Revenue (TTM)

₹4,620 Cr

P/E Ratio

13.4

P/B Ratio

1.4

Div. Yield

1.4 %

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	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Market cap (₹ Cr)	9,890	6,796	4,858	4,459	4,591
Revenue (₹ Cr)	4,620	3,875	2,587	1,211	5,786
Net Profit (₹ Cr)	751.25	204.30	164.80	103.61	120.76
Net Margin (%)	14.96	5.26	6.34	8.48	2.01
RoE (%)	11.00	10.08	16.49	16.28	2.49
Price to Earnings	13.41	33.27	29.48	43.04	38.04
Price-To-Book	1.38	3.18	4.38	6.42	0.77

Income Statement (₹ Cr)

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Operating Revenue	4,620.27	3,874.90	2,586.79	1,210.97	5,785.90
Total Income	5,022.49	3,883.99	2,598.04	1,221.38	6,011.73
Total Expenditure	3,924.68	3,343.04	2,288.12	1,013.68	5,497.17
EBITDA	695.59	531.86	298.67	197.29	288.73
Depreciation	115.83	96.18	48.88	25.58	175.29
EBIT	579.76	435.68	249.79	171.71	113.44
Interest	2.63	160.63	36.16	42.33	134.57
Other Income	402.22	9.09	11.26	10.41	225.83
Exceptional Items	-3.04	0.00	-3.51	-0.46	-38.38
Profit before Tax	976.31	284.14	221.38	139.32	166.31
Provision for Tax	225.06	79.84	56.57	35.72	45.55
Profit after Tax	751.25	204.30	164.80	103.61	120.76

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Shareholder's Funds	6,876.45	2,086.54	1,053.61	668.48	5,923.32
Minority Interest	0.23	0.00	0.00	0.00	-0.06
Non-Current Liabilities	470.34	336.71	270.20	112.00	1,190.15
Current Liabilities	392.25	2,597.36	741.90	519.08	2,346.93
Total Liabilities	7,739.04	5,020.61	--	1,314.77	9,461.44

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Non-Current Assets	2,157.26	1,050.92	924.61	520.94	4,380.52
Current Assets	5,557.84	3,533.10	964.06	738.92	4,701.55
Total Assets	7,739.04	5,020.61	--	1,314.77	9,461.44
Total Debt*	13.36	499.62	--	285.53	1,512.67
Net Current Assets	5,165.59	935.74	222.16	219.84	2,354.63
Contingent Liabilities	681.22	221.78	--	23.57	177.59

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Cash From Operating Activities	932.80	472.22	--	112.42	1,146.63
Cash Flow from Investing Activities	-774.30	-593.92	--	-202.82	-135.90
Cash from Financing Activities	-122.80	135.99	--	93.65	-900.37
Net Cash Inflow / Outflow	35.70	14.29	--	3.25	110.37

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
ROCE (%)	14.25	16.73	--	21.25	4.75
ROE (%)	11.00	10.08	16.49	16.28	2.49
ROA (%)	10.17	4.64	9.50	8.98	1.26
EBIT Margin (%)	12.55	11.24	9.66	14.18	1.96
Net Margin (%)	14.96	5.26	6.34	8.48	2.01
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Revenue Growth (%)	-12.21	10.75	48.73	21.73	-15.73
EBIT Growth (%)	-32.85	41.99	77.36	18.37	-83.83
Net Profit Growth (%)	-15.59	26.31	148.26	14.99	-78.92
EPS Growth (%)	-15.84	9.70	127.43	13.64	-74.31
Book Value Growth (%)	8.47	30.13	--	28.71	2.45

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Price / Earnings	13.38	33.27	29.01	42.78	31.21
Price / Book Value	1.38	3.18	4.38	6.42	0.77
Dividend Yield (%)	1.35	0.00	0.00	0.05	1.21
EV/EBITDA	8.95	12.35	16.89	23.90	18.15
Market Cap (₹ Cr)	7,504.19	2,386.03	--	1,849.34	4,550.96

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Debt to Equity	0.00	0.12	0.21	0.14	0.04
Short term debt to equity ratio	0.00	0.06	--	0.25	0.18
Current Ratio	14.17	1.36	1.30	1.42	2.00
Quick Ratio	11.27	0.77	0.70	0.68	0.98
Interest Coverage	372.22	2.77	7.12	4.29	2.24

	Maharashtra Seamless	Man	Sambhv Steel Tubes	Venus Pipes	Electrosteel Castings
Debtors to sales (%)	12.22	26.06	8.61	21.46	18.50
Asset Turnover	0.63	0.88	1.49	1.05	0.60
Receivable days	47.56	97.59	--	70.67	78.74
Inventory Days	96.84	143.56	--	114.12	149.94
Payable days	24.77	218.76	--	127.24	61.52
Cash Conversion Cycle	119.63	22.39	--	57.56	167.16

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.