Maharashtra Seamless Limited
Maharashtra Seamless Limited engages in the manufacture and sale of seamless steel pipes and tubes in India. The company operates through three segments: Steel Pipes & Tubes, Power " Electricity, and RIG. It offers mild steel and galvanized pipes; API line pipes; oil country tubular goods (OCTG) pipes; and hot finished pipes and tubes, and cold drawn and boiler tubes. It also provides coated pipe… Read more
Maharashtra Seamless Limited (MAHSEAMLES) - Net Assets
Latest net assets as of September 2025: ₹65.64 Billion INR
Based on the latest financial reports, Maharashtra Seamless Limited (MAHSEAMLES) has net assets worth ₹65.64 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹73.21 Billion) and total liabilities (₹7.58 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹65.64 Billion |
| % of Total Assets | 89.65% |
| Annual Growth Rate | 16.24% |
| 5-Year Change | 92.19% |
| 10-Year Change | 117.86% |
| Growth Volatility | 29.35 |
Maharashtra Seamless Limited - Net Assets Trend (2005–2025)
This chart illustrates how Maharashtra Seamless Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Maharashtra Seamless Limited (2005–2025)
The table below shows the annual net assets of Maharashtra Seamless Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹63.40 Billion | +10.63% |
| 2024-03-31 | ₹57.31 Billion | +20.04% |
| 2023-03-31 | ₹47.74 Billion | +29.14% |
| 2022-03-31 | ₹36.97 Billion | +12.06% |
| 2021-03-31 | ₹32.99 Billion | +2.94% |
| 2020-03-31 | ₹32.05 Billion | +4.38% |
| 2019-03-31 | ₹30.70 Billion | +4.78% |
| 2018-03-31 | ₹29.30 Billion | +6.69% |
| 2017-03-31 | ₹27.46 Billion | -5.63% |
| 2016-03-31 | ₹29.10 Billion | -0.82% |
| 2015-03-31 | ₹29.34 Billion | +4.84% |
| 2014-03-31 | ₹27.99 Billion | -0.57% |
| 2013-03-31 | ₹28.15 Billion | +2.11% |
| 2012-03-31 | ₹27.56 Billion | +8.56% |
| 2011-03-31 | ₹25.39 Billion | +11.00% |
| 2010-03-31 | ₹22.88 Billion | +74.63% |
| 2009-03-31 | ₹13.10 Billion | +19.81% |
| 2008-03-31 | ₹10.93 Billion | +18.32% |
| 2007-03-31 | ₹9.24 Billion | +123.26% |
| 2006-03-31 | ₹4.14 Billion | +32.32% |
| 2005-03-31 | ₹3.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Maharashtra Seamless Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5179200000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹51.79 Billion | 81.69% |
| Common Stock | ₹670.00 Million | 1.06% |
| Other Comprehensive Income | ₹6.03 Billion | 9.51% |
| Other Components | ₹4.91 Billion | 7.74% |
| Total Equity | ₹63.40 Billion | 100.00% |
Maharashtra Seamless Limited Competitors by Market Cap
The table below lists competitors of Maharashtra Seamless Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Double Medical Technology Inc
SHE:002901
|
$404.40 Million |
|
BSR Real Estate Investment Trust
PINK:BSRTF
|
$404.42 Million |
|
Grupo Mateus S.A
SA:GMAT3
|
$404.49 Million |
|
Farglory Land Development Co Ltd
TW:5522
|
$404.50 Million |
|
Amaroq Ltd.
PINK:AMRQF
|
$404.16 Million |
|
Formosa Taffeta Co Ltd
TW:1434
|
$404.11 Million |
|
Canopy Growth Corp
NASDAQ:CGC
|
$404.06 Million |
|
Pacific Biosciences of California
NASDAQ:PACB
|
$404.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maharashtra Seamless Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,307,000,000 to 63,399,400,000, a change of 6,092,400,000 (10.6%).
- Net income of 7,774,600,000 contributed positively to equity growth.
- Dividend payments of 1,340,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 343,300,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹7.77 Billion | +12.26% |
| Dividends Paid | ₹1.34 Billion | -2.11% |
| Other Comprehensive Income | ₹-343.30 Million | -0.54% |
| Other Changes | ₹1.10 Million | +0.0% |
| Total Change | ₹- | 10.63% |
Book Value vs Market Value Analysis
This analysis compares Maharashtra Seamless Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 23.91x to 1.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹23.33 | ₹557.85 | x |
| 2006-03-31 | ₹30.88 | ₹557.85 | x |
| 2007-03-31 | ₹68.93 | ₹557.85 | x |
| 2008-03-31 | ₹77.59 | ₹557.85 | x |
| 2009-03-31 | ₹92.86 | ₹557.85 | x |
| 2010-03-31 | ₹162.16 | ₹557.85 | x |
| 2011-03-31 | ₹180.00 | ₹557.85 | x |
| 2012-03-31 | ₹195.40 | ₹557.85 | x |
| 2013-03-31 | ₹199.53 | ₹557.85 | x |
| 2014-03-31 | ₹201.42 | ₹557.85 | x |
| 2015-03-31 | ₹218.85 | ₹557.85 | x |
| 2016-03-31 | ₹217.08 | ₹557.85 | x |
| 2017-03-31 | ₹204.87 | ₹557.85 | x |
| 2018-03-31 | ₹218.56 | ₹557.85 | x |
| 2019-03-31 | ₹229.02 | ₹557.85 | x |
| 2020-03-31 | ₹242.05 | ₹557.85 | x |
| 2021-03-31 | ₹246.08 | ₹557.85 | x |
| 2022-03-31 | ₹137.93 | ₹557.85 | x |
| 2023-03-31 | ₹356.12 | ₹557.85 | x |
| 2024-03-31 | ₹427.67 | ₹557.85 | x |
| 2025-03-31 | ₹473.27 | ₹557.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maharashtra Seamless Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.76%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.11x
- Recent ROE (12.26%) is below the historical average (12.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 27.13% | 11.03% | 1.43x | 1.72x | ₹535.98 Million |
| 2006 | 33.73% | 14.45% | 0.91x | 2.58x | ₹982.05 Million |
| 2007 | 25.31% | 16.74% | 1.21x | 1.25x | ₹1.41 Billion |
| 2008 | 17.86% | 13.04% | 1.05x | 1.31x | ₹858.90 Million |
| 2009 | 14.90% | 13.04% | 0.93x | 1.23x | ₹642.32 Million |
| 2010 | 12.44% | 17.86% | 0.62x | 1.13x | ₹558.49 Million |
| 2011 | 13.50% | 19.46% | 0.61x | 1.13x | ₹888.97 Million |
| 2012 | 11.19% | 13.41% | 0.71x | 1.17x | ₹327.97 Million |
| 2013 | 5.42% | 8.81% | 0.53x | 1.15x | ₹-1.29 Billion |
| 2014 | 3.63% | 8.40% | 0.37x | 1.18x | ₹-1.78 Billion |
| 2015 | 4.01% | 8.69% | 0.34x | 1.37x | ₹-1.76 Billion |
| 2016 | 0.30% | 0.86% | 0.26x | 1.37x | ₹-2.82 Billion |
| 2017 | 4.22% | 8.08% | 0.37x | 1.40x | ₹-1.59 Billion |
| 2018 | 7.19% | 10.12% | 0.51x | 1.38x | ₹-822.66 Million |
| 2019 | 7.63% | 7.84% | 0.62x | 1.56x | ₹-728.11 Million |
| 2020 | 2.58% | 3.25% | 0.49x | 1.61x | ₹-2.41 Billion |
| 2021 | 2.97% | 4.25% | 0.43x | 1.62x | ₹-2.32 Billion |
| 2022 | 18.71% | 16.43% | 0.78x | 1.46x | ₹3.22 Billion |
| 2023 | 16.02% | 13.39% | 0.98x | 1.23x | ₹2.87 Billion |
| 2024 | 16.60% | 17.60% | 0.82x | 1.15x | ₹3.78 Billion |
| 2025 | 12.26% | 14.76% | 0.75x | 1.11x | ₹1.43 Billion |
Industry Comparison
This section compares Maharashtra Seamless Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,077,213,375
- Average return on equity (ROE) among peers: 17.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maharashtra Seamless Limited (MAHSEAMLES) | ₹65.64 Billion | 27.13% | 0.12x | $404.25 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $-100.86 Million | 0.00% | 0.00x | $722.48K |
| APL Apollo Tubes Limited (APLAPOLLO) | $24.64 Billion | 25.12% | 0.81x | $4.04 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $23.00K | 60.87% | 7947.74x | $1.75 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.83 Billion | 21.21% | 1.65x | $84.98 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.45 Billion | 17.08% | 3.51x | $8.02 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.38 Billion | 0.97% | 2.02x | $61.29 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.96 Billion | 0.00% | 0.00x | $31.33 Million |
| Gallantt Ispat Limited (GALLANTT) | $1.10 Billion | 27.96% | 1.96x | $327.71 Million |
| Grand Foundry Limited (GFSTEELS) | $-57.50 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $490.54 Million | 25.50% | 2.98x | $163.26 Million |