Maharashtra Seamless Ltd. News and Updates

Name: Latest research reports of Maharashtra Seamless Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Maharashtra Seamless Ltd.
Rating: 5
Author: ICICI Securities Limited

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Maharashtra Seamless Ltd.

11 May 2018

702.55

1.61%

Majority lenders back Maharashtra Seamless bid for United Tubulaar, NCLT reserves order

Business Line

The bid of Area Projects filed after the scheduled deadline by the Insolvency Resolution Professional and allegations of financial wrongdoings have de

Maharashtra Seamless Ltd. is trading above all available SMAs

Maharashtra Seamless Ltd.

08 Feb 2018

702.55

1.61%

Maharashtra Seamless

Buy: Maharashtra Seamless Ltd.

Recommendation Target

ICICI Securities Limited

Maharashtra Seamless for Q3FY18 reported a mixed set of numbers. The topline came in above our estimates, while the EBITDA and PAT were below our estimates. The company reported a topline of |563.7...

Maharashtra Seamless Ltd. is trading above all available SMAs

Maharashtra Seamless Ltd.

07 Feb 2018

702.55

1.61%

Maharashtra Seamless Limited : Result Update Q3FY18

Buy: Maharashtra Seamless Ltd.

Target

Edelweiss

Maharashtra Seamless Limited (MSL) reported standalone Q3FY18 sales at INR 564 cr up 47% YoY driven by strong growth in volumes of seamless tubes. Volumes in seamless tubes grew by 47% to...

Number of FII/FPI investors increased from 200 to 212 in Mar 2025 qtr.

Maharashtra Seamless Ltd.

02 Jan 2018, 12:00AM

702.55

1.61%

Maharshtra Seamless Ltd.

Buy: Maharashtra Seamless Ltd.

Ashika Research

first of their kind in India and have a technical tie-up with SMS MEER (earlier known as Mannesmann Demag) of Germany. The plant is strategically located in Nagothane, about 100 km from Mumbai Port. MSL has also set up a new state-of-the-art facility for manufacturing both drill pipes as well as casing, tubing and line pipes at Mangaon. Company has total installed capacity of 5.5 lakh tonnes of seamless pipes & tubes and 2 lakh tonnes of ERW pipes. Company derives 80% of revenue from seamless...

Maharashtra Seamless Ltd. is trading above all available SMAs

Maharashtra Seamless Ltd.

17 Nov 2017

702.55

1.61%

Maharashtra Seamless

Hold: Maharashtra Seamless Ltd.

Target

ICICI Securities Limited

Maharashtra Seamless reported a subdued set of Q2FY18 numbers wherein the topline came in line with our estimate while EBITDA, EBITDA margin and PAT came in lower than our estimate. Total pipe volumes for the quarter were at 84087 tonnes (our estimate: 85375 tonnes). Seamless pipes sales volume was at 69152 tonnes (our estimate: 72785 tonnes) while ERW sales volumes were at 14935 tonnes (our estimate: 12500 tonnes) Total operating income for the quarter was at | 484 crore (up 7.5%...

Maharashtra Seamless.. has an average target of 740.00 from 1 broker.

Maharashtra Seamless Ltd.

13 Nov 2017

702.55

1.61%

Maharashtra Seamless Ltd. - Result update Q2FY18

Buy: Maharashtra Seamless Ltd.

Edelweiss

Maharashtra Seamless (MSL) reported mixed results in Q2FY18. Whille net sales grew by 59% to INR 484cr on the back of strong growth in volumes, EBIDTA remained flat at INR 60cr on yoy basis.

Maharashtra Seamless Ltd. is trading above all available SMAs

Maharashtra Seamless Ltd.

09 Nov 2017

702.55

1.61%

Mah Seamless

Buy: Maharashtra Seamless Ltd.

Kotak Securities

MSL Q2FY18 PAT declined 12.5% YY despite significant growth in revenue due to execution of low margin legacy orders. EBITDA margin contracted YY due to 1/ booking of low margin legacy orders and 2/ high base of Q2FY17. We consider that this is a quarterly aberration and maintain our FY19 earnings estimate. We believe that MSL valuations can get rerated on back of strong growth in company's estimated consolidated profits through FY17-19E driven by 1) recovery in demand for seamless pipes in the domestic/international market and 2) imposition of anti-dumping duty on Chinese imports would lead to demand...

Number of FII/FPI investors increased from 200 to 212 in Mar 2025 qtr.

Maharashtra Seamless Ltd.

18 Aug 2017

702.55

1.61%

Maharashtra Seamless

Hold: Maharashtra Seamless Ltd.

Target

ICICI Securities Limited

EBITDA came in at | 60.8 crore (up 108% YoY but down 15.8% QoQ), lower than our estimate of | 63.5 crore. The corresponding EBITDA margin for Q1FY18 was at 13.5%, lower than our estimate of 15.6% (Q4FY17 EBITDA margin: 16.0%, Q1FY17 EBITDA margin: 10.1%). During Q1FY18, other expenses (as a percentage of sales) increased 160 bps QoQ to 18.0% while raw material costs (as a percentage of...

Number of FII/FPI investors increased from 200 to 212 in Mar 2025 qtr.

Maharashtra Seamless Ltd.

29 May 2017

702.55

1.61%

Maharashtra Seamless

Hold: Maharashtra Seamless Ltd.

Target

ICICI Securities Limited

Maharashtra Seamless reported a good set of Q4FY17 numbers wherein the topline and EBITDA both came in above our estimates The better-than-expected topline was driven by higher-than-expected sales volume of seamless pipes. The seamless pipes volume increased 26% YoY and 20% QoQ to 66595 tonne higher than our estimates of 58438 tonne. The ERW segment reported sales volume of 19230 tonne lower than our estimate of 21000 tonne. Total pipes volume during the quarter came in at 85825 tonne (up 22.3% YoY,...

Maharashtra Seamless Ltd. is trading above all available SMAs

Maharashtra Seamless Ltd.

21 Feb 2017

702.55

1.61%

Maharashtra Seamless

Hold: Maharashtra Seamless Ltd.

Target

ICICI Securities Limited

Maharashtra Seamless (MSL) reported a good set of Q3FY17 numbers wherein topline, EBITDA both came in above our estimates. A better-than-expected topline was driven by higher-than-expected sales volume. The seamless pipes sales volume for the quarter came in at 55453 tonne (up 100.2% YoY, 28.2% QoQ) notably higher than our estimate of 44000 tonne. The ERW sales volume for the quarter came in at 21735 tonne (up 58.1% YoY, 23.6% QoQ) notably higher than our estimate of 17500 tonne. Total pipes sales volume came in at...

Number of FII/FPI investors increased from 200 to 212 in Mar 2025 qtr.

Is Maharashtra Seamless Ltd. worth buying?

296 Votes:

Buy 83.11%

Sell 7.43%

Hold 9.46%

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