New Delhi: Maharashtra Seamless Ltd was established in 1988. The company is part of the DP Jindal Group and specializes in manufacturing seamless and ERW pipes. It has a significant market share in the domestic seamless pipes market and can manufacture pipes up to 20 inches in diameter. MSL also operates 59.5 MW of renewable energy projects. The company has reduced activity in its subsidiaries and associate companies. The company has focused more on its core pipe and renewable energy segments. Maharashtra Seamless has repaid its long term loan of around Rs 234 crore by June 9, 2023. Given the strong liquidity position and sizeable order book, the company has utilized its internal accruals to service the loan. With this the company has become debt free. The company has made voluntary repayment of long term loan for the second time in the last eight months. In the last one year, this company has given a return of 55% and in the last three years, its return has been 353%. Not only this, the company’s RoCE has been 20.4% and ROE has been 18.1%. In the last three years, the company’s sales growth has increased at a CAGR of 29 percent and during this period its profit has increased by 67 percent. On Monday, the company’s stock rose by 2.69 per cent to Rs 495.65. This is its highest level of 52 weeks. Investors should keep a close eye on this stock.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)
