Maharashtra Seamless Limited (MAHSEAMLES) Fair Value & Analysis
Basic Materials · IN · Market cap ₹81.9B (≈ $868M) · ISIN INE271B01025
What is Maharashtra Seamless Limited really worth?
A solid business, but trading 27% above our fair value of ₹542.42.
As of Aug 21, 2026, the fair value of Maharashtra Seamless Limited is ₹542.42 per share against a price of ₹688.15, so the fair value sits 21% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 21, 2026
From 22 valuation models · updated 16 days ago
Share price +18.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
- The price sits in the upper half of our model range, so the margin of safety is thin.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ₹132.87 – ₹1,031 · fair‑value band ₹417.17 – ₹731.66 · the ₹688.15 price screens above the ₹542.42 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Maharashtra Seamless Limited (MAHSEAMLES) currently trades at ₹688.15, while our model-based Fair Value estimate is ₹542.42, implying the stock looks roughly 26.9% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ₹683.87 per share, and 6 of the 22 models we run sit above the ₹688.15 price. Bear case: the Asset-Based group reads lowest at ₹343.82, and 16 of the 22 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Maharashtra Seamless Limited generated revenue of ₹48.6B at a net margin of 17.3%. Revenue declined 22.6% year over year. It earns a return on equity of 12.5%. Net debt stands at ₹1.9B. Fundamentals as of Aug 21, 2026
Our scenario range runs from ₹417.17 (bear case) to ₹731.66 (bull case); at ₹688.15, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −23% fair-value upside, at −21%, MAHSEAMLES screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹27.32 per share, which is 4.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 22 models by family
Widest divergence: Growth Earnings (₹683.87) versus Asset-Based (₹343.82). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 68
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Maharashtra Seamless Limited manufactures and sells seamless steel pipes and tubes in India. It operates through three segments: Steel Pipes & Tubes, Power " Electricity, and RIG.
Full company description
Maharashtra Seamless Limited manufactures and sells seamless steel pipes and tubes in India. It operates through three segments: Steel Pipes & Tubes, Power " Electricity, and RIG. The company offers mild steel and galvanized pipes; API line pipes; oil country tubular goods (OCTG) pipes, such as casing tubing, drill pipes, coupling stocks, etc.; and hot finished pipes and tubes, and cold drawn and boiler tubes. It also provides coated pipes, including 3 layer polyethylene coated pipes, fusion bonded epoxy coated pipes, 3 layer polypropylene coated pipes, and internal epoxy coating pipes, as well as connections and pipe fittings. In addition, the company is involved in renewable power generation and rig operations. Further, the company operates 52.5 MW solar power plant in Rajasthan & Maharashtra and 7 MW wind power project in Maharashtra. Its products are used in the oil and gas, hydrocarbon process, bearing industry, automotive, boiler, heat exchanger, plumbing and firefighting, structural, general engineering, railways, sewage and water well, and hydraulic cylinder sectors. The company was incorporated in 1988 and is headquartered in Gurugram, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Maharashtra Seamless Limited reported revenue of ₹46.7B in FY2026 versus ₹40.9B in FY2022, a compound +3.4%/yr. Reported net income was ₹7.0B in FY2026, compounding +16.5%/yr from FY2022.
MAHSEAMLES screens 27% overvalued. Compare with Nucor Corporation →
Peer Group
Steel · 399 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Steel median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $250.50 | $116.05 | −54% |
| ArcelorMittal S.A MT | €64.60 | €46.04 | −29% |
| JSW Steel Limited JSWSTEEL | ₹1,296 | ₹1,119 | −14% |
| Steel Dynamics, Inc STLD | $234.67 | $127.14 | −46% |
| 500228 500228 | ₹1,292 | ₹1,079 | −16% |
| Tata Steel Limited TATASTEEL | ₹188.79 | ₹145.39 | −23% |
| Reliance, Inc RS | $387.59 | $217.81 | −44% |
| Baoshan Iron & Steel Co 600019 | ¥5.91 | ¥8.07 | +37% |
| POSCO Holdings PKX | $63.13 | $85.21 | +35% |
| Jindal Steel & Power Limited JINDALSTEL | ₹1,114 | ₹429.44 | −61% |
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