Mahalaxmi Seamless Limited - manufacturing in Raigad, Maharashtra, India. FY 2026 financials & compliance.
CIN L93000MH1991PLC061347 Incorporated 23 April 1991 ROC Mumbai HQ Raigad, Maharashtra, India
Active Listed - BSE: 513460 Public Limited Company manufacturing MSME · Small
Data last updated
Market Cap
₹5.68 Cr
MAHALXSE · BSE
Share Price
₹10.75
0.00% today
Revenue
₹1.89 Cr
FY 2025-26 · +1.6% YoY
EBITDA
₹0.29 Cr
Margin 15.3%
Net Profit
−₹0.08 Cr
FY 2025-26 · -132.0% YoY
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.28 Cr
Issued & subscribed
Open charges
₹25.44 Cr
Secured borrowings

About Mahalaxmi Seamless Limited

Data last updated:

Mahalaxmi Seamless Limited is a public limited company based in Raigad, Maharashtra, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 23 April 1991 and has been in existence for over 35 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L93000MH1991PLC061347. Its GSTIN is 27AAACM8028K1Z9 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 513460.

The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.28 Cr. It is led by directors including Vivek Madhavprasad Jalan (Managing Director) and Mala Sharma (Whole-Time Director).

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Pipenagar (Sukeli)Via Nagothane Taluka Roha, Raigad, Maharashtra, India – 402126.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1.89 Cr, a growth of 1.6% compared to the previous year. For the same year it recorded a net loss of ₹8 Lakh (net margin -4.2%) and EBITDA of ₹29 Lakh (EBITDA margin 15.3%). Total assets are valued at ₹2.52 Cr (up 1.2% YoY).

The company has about 2 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Spider Financial Services. As per MCA filings, the company has open charges of ₹25.44 Cr on record. Court records list 23 cases involving the company, including 8 filed by the company and 15 filed against it; 1 case is pending. The company has 15 deals on record (15 market trades); the latest was in May 2024.

Mahalaxmi Seamless Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-27-0020902). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahalaxmitubes.com.

Company details

CIN L93000MH1991PLC061347
Registration Number 061347
Incorporation Date 23 April 1991
ROC Mumbai
Listing Status Listed - Listed on BSE (513460)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-27-0020902

CIN history

Mahalaxmi Seamless has one previous CIN (Corporate Identification Number): L27108MH1991PLC061347. The current CIN is L93000MH1991PLC061347, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L93000MH1991PLC061347Current
L27108MH1991PLC061347Previous

Recognitions & Rankings of Mahalaxmi Seamless

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-27-0020902

Contact details

Mahalaxmi Seamless Limited's registered office is in Raigad, Maharashtra. Its website is mahalaxmitubes.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Pipenagar (Sukeli)Via Nagothane Taluka Roha, Raigad, Maharashtra, India – 402126
  • Industry
    Manufacturing, Pipe & Tubes

To see the full contact details of Mahalaxmi Seamless Limited, buy the company report.

Comprehensive company report
Mahalaxmi Seamless Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Mahalaxmi Seamless operates one associated brand: Spider Financial Services. Each brand links to its own profile.

BrandDescriptionWebsite
Online betting platformmahalaxmitubes.com

Business activity

The main business activity of Mahalaxmi Seamless is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Mahalaxmi Seamless Limited, buy the company report.

Financials of Mahalaxmi Seamless Limited

FY 2025-26 filings available

Mahalaxmi Seamless Limited reported revenue of ₹1.89 Cr (up 1.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1.89 Cr
+1.6% YoY
EBITDA
₹0.29 Cr
-60.3% YoY
Profit After Tax
−₹0.08 Cr
-132.0% YoY
Net Worth
−₹0.54 Cr
-14.9% YoY
Total Assets
₹2.52 Cr
+1.2% YoY
Total Debt
₹1.94 Cr
-17.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1.891.861.841.832.021.911.87
Revenue growth+1.6%+1.1%+0.6%-9.4%+5.8%+2.1%-
EBITDA0.290.73(0.82)0.831.030.940.62
EBITDA margin+15.3%+39.3%-44.6%+45.4%+51.0%+49.2%+33.2%
Profit before tax(0.10)0.19(1.32)0.340.450.26(0.11)
Net profit(0.08)0.250.340.390.540.40(0.10)
Net profit margin-4.2%+13.4%+18.5%+21.3%+26.7%+20.9%-5.4%
EPS (₹)(0.14)0.48(2.35)0.731.020.76(0.17)
Balance sheet
Total assets2.522.491.442.863.626.266.43
Net worth(0.54)(0.47)(0.73)0.520.13(0.41)(0.81)
Total debt1.942.341.541.361.844.905.47
Cash & bank0.310.310.590.600.190.090.09
Net working capital0.520.34(0.84)(0.28)0.02(0.20)(0.27)
Cash flow
Cash from operations0.330.42(0.61)0.82(5.00)0.690.50
Cash from investing(0.42)(1.26)0.530.068.070.250.85
Cash from financing(0.56)(0.34)0.07(0.47)(2.98)(0.93)(1.27)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.620.510.480.450.450.450.470.49
Revenue growth (YoY)+37.8%+13.3%+2.1%-8.2%0.0%---
Other income0.020.000.010.010.010.000.000.01
Total expenses0.410.770.330.280.230.280.290.31
EBITDA0.21(0.26)0.150.170.220.170.180.18
EBITDA margin+33.9%-51.0%+31.3%+37.8%+48.9%+37.8%+38.3%+36.7%
Depreciation0.040.050.050.030.070.090.100.08
Interest0.040.070.050.050.050.050.050.05
Profit before tax0.15(0.38)0.060.100.110.030.030.06
Tax0.00(0.05)0.000.010.02(0.04)(0.01)(0.01)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.620.510.480.450.450.450.470.49
Revenue growth (YoY)+37.8%+13.3%+2.1%-8.2%0.0%---
Other income0.020.000.010.010.010.000.000.01
Total expenses0.410.770.330.280.230.280.290.31
EBITDA0.21(0.26)0.150.170.220.170.180.18
EBITDA margin+33.9%-51.0%+31.3%+37.8%+48.9%+37.8%+38.3%+36.7%
Depreciation0.040.050.050.030.070.090.100.08
Interest0.040.070.050.050.050.050.050.05
Profit before tax0.15(0.38)0.060.100.110.030.030.06
Tax0.00(0.05)0.000.010.02(0.04)(0.01)(0.01)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1.891.861.841.832.021.911.87
Revenue growth+1.6%+1.1%+0.6%-9.4%+5.8%+2.1%-
Other income0.020.030.040.090.130.330.28
Total expenses1.601.132.661.000.990.971.25
Employee cost0.000.790.750.700.650.730.78
EBITDA0.290.73(0.82)0.831.030.940.62
EBITDA margin+15.3%+39.3%-44.6%+45.4%+51.0%+49.2%+33.2%
Depreciation0.200.360.440.470.520.550.58
Interest0.210.210.100.110.190.460.43
Profit before tax(0.10)0.19(1.32)0.340.450.26(0.11)
Tax(0.02)(0.06)(0.09)(0.05)(0.09)(0.14)(0.01)
Net profit(0.08)0.250.340.390.540.40(0.10)
Net profit margin-4.2%+13.4%+18.5%+21.3%+26.7%+20.9%-5.4%
EPS (₹)(0.14)0.48(2.35)0.731.020.76(0.17)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.285.285.285.285.285.285.28
Reserves & surplus(5.82)(5.75)(6.01)(4.76)(5.15)(5.69)(6.09)
Shareholders' funds (net worth)(0.54)(0.47)(0.73)0.520.13(0.41)(0.81)
Secured loans0.530.810.000.001.411.712.06
Unsecured loans1.411.531.541.360.433.193.41
Total debt1.942.341.541.361.844.905.47
Total liabilities2.522.491.442.863.626.266.43
Assets
Gross block21.3221.3221.2521.2421.1921.1821.18
Net block2.022.212.422.853.183.694.24
Capital work in progress0.000.000.000.000.000.000.00
Investments0.030.000.000.000.000.000.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.160.160.040.050.190.220.17
Cash & bank balances0.310.310.590.600.190.090.09
Loans & advances0.390.200.010.020.010.040.06
Total current assets0.860.670.640.670.390.350.32
Total current liabilities0.340.331.480.950.370.550.59
Net working capital0.520.34(0.84)(0.28)0.02(0.20)(0.27)
Total assets2.522.491.442.863.626.266.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.310.590.600.190.090.090.01
Net cash from operating activities0.330.42(0.61)0.82(5.00)0.690.50
Net cash from investing activities(0.42)(1.26)0.530.068.070.250.85
Net cash from financing activities(0.56)(0.34)0.07(0.47)(2.98)(0.93)(1.27)
Net change in cash(0.64)(1.17)(0.01)0.400.100.010.08
Closing cash0.310.310.590.600.190.090.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1.6%+1.1%+0.6%-9.4%+5.8%+2.1%-
EBITDA growth-60.3%+189.0%-198.8%-19.4%+9.6%+51.6%-
PBT growth-+9998.0%--24.4%+73.1%+9998.0%+26.7%
Net income growth-132.0%-26.5%-12.8%-27.8%+35.0%+500.0%-
Revenue CAGR (3Y)+1.1%-2.7%-1.2%-0.7%+2.6%-21.2%-44.1%
EBITDA CAGR (3Y)-29.6%-10.8%-+10.2%+17.2%+165.9%-
Profitability & leverage
Net income margin-4.2%+13.4%-66.9%+21.3%+26.7%+20.9%-5.4%
Return on capital employed-+8.6%0.0%+5.1%+5.9%+7.6%0.0%
Return on net worth-+9.8%0.0%+6.7%+9.3%+15.9%0.0%
Debt / equity-0.000.004.920.000.000.00
Long-term debt / equity-0.000.004.480.000.000.00
Interest cover233.3356.76-7.9430.5637.25117.951,075.00
Efficiency & per share
Fixed asset turnover-0.090.090.090.100.090.09
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-18.6040.8915.259.859.7911.33
EPS (₹)(0.14)0.48(2.35)0.731.020.76(0.17)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(0.89)(1.37)0.980.25(0.77)(1.53)

To see the full year-wise statements and ratios of Mahalaxmi Seamless Limited, buy the company report.

Board of directors of Mahalaxmi Seamless Limited

Mahalaxmi Seamless has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Aditya Kumar ModaDirector12 Feb 20206 Years 8 MonthsCurrent
Mala SharmaWhole-Time Director31 Jan 201016 Years 9 MonthsCurrent
Madhavprasad Govindram JalanWhole-Time Director15 Jul 20215 Years 3 MonthsCurrent
Chandrashekar Rajaram KulkarniDirector20 Apr 200818 Years 6 MonthsCurrent
Vivek Madhavprasad JalanManaging Director26 Dec 200322 Years 10 MonthsCurrent
Elangovan RamnathanAdditional Director13 Nov 20250 Years 11 MonthsCurrent

Auditor

Mahalaxmi Seamless Limited is audited by AGRAWAL JAIN & GUPTA for the financial year 2023.

Auditor firmFinancial yearFirm registration number
AGRAWAL JAIN & GUPTAFY 2023013538C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 45.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 54.20%.

Promoters: 45.80%Retail & Others: 54.20%
Mar 2026
QUARTER
45.80% Promoters
54.20% Retail & Others
Promoter holding - history
Now 45.80% · Mar 2026High 45.80% · Jun 2025Low 45.80% · Jun 2025
44%44.8%45.5%46.3%47%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 45.80%Sep 2025: 45.80%Dec 2025: 45.80%Mar 2026: 45.80%45.80%45.80%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters45.80%45.80%45.80%45.80%
Public54.20%54.20%54.20%54.20%

Charges & borrowings

Open charges
₹25.44 Cr
Satisfied charges
None
Breakdown by lending institutions
Oriental Bank of Commerce₹21.00 Cr
Others₹4.25 Cr
Hdfc Bank Limited₹0.19 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Nov 2024101015371Hdfc Bank Limited₹18.63 LakhOpen
23 Mar 2018100166196Others₹4.25 CrOpen
30 Mar 200710071479Oriental Bank of Commerce₹2 CrOpen
24 May 200590141453Oriental Bank of Commerce₹9.5 CrOpen
29 Dec 199390141779Oriental Bank of Commerce₹9.5 CrOpen

To see the full charge records of Mahalaxmi Seamless Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Mahalaxmi Seamless Limited has 15 deals on record (15 market trades); the latest was in May 2024.

Total deals
15
Market trades
15

Deals on record (5 of 15)

WhenDealAmountParties
Nov 2014Market trade₹7.1 LakhBuyer: GVN Fuels Ltd
Seller: Stable Trading Co Ltd
Dec 2007Market trade₹78 LakhBuyer: SVS Securities Private Limited
Seller: SVS Securities Private Limited
Dec 2007Market trade₹1.01 CrBuyer: SVS Securities Private Limited
Seller: SVS Securities Private Limited
Jul 2005Market trade₹25.9 LakhBuyer: an individual
Seller: Megh Sakariya International Private Limited
Jun 2005Market trade₹28.5 LakhBuyer: an individual
Seller: Megh Sakariya International Private Limited

To see the full deal history of Mahalaxmi Seamless Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Mahalaxmi Seamless Limited was last rated by Crisil on 20 Dec 2019.

Rating agencyRated onRating
Crisil20 Dec 2019

To see the full credit ratings and regulatory alerts of Mahalaxmi Seamless Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mahalaxmi Seamless Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Mahalaxmi Seamless Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
2
Active EPFO establishments
1

GST

Mahalaxmi Seamless has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACM8028K1Z9MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Mahalaxmi Seamless Limited, buy the company report.

Recent activity

Mahalaxmi Seamless Limited has 16 board changes on record since 2003: 6 appointments and 10 cessations. The latest: Elangovan Ramnathan was appointed as Additional Director on 13 Nov 2025.

Filing
Mahalaxmi Seamless Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Appointed
Elangovan Ramnathan was appointed as Additional Director.
Ceased
Sushil Ashok Jain ceased to be Director.
AGM
Mahalaxmi Seamless Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 101015371 was registered on 25 Nov 2024.
Appointed
Madhavprasad Govindram Jalan was appointed as Whole-Time Director.
Appointed
Aditya Kumar Moda was appointed as Director.
Ceased
Jiwanprakash Thakurdas Hingorani ceased to be Director.
Ceased
Chetan Ramesh Jain ceased to be Director.
Ceased
Manish Jeevansingh Dalal ceased to be Director.
Charges
A charge with Others amounted to Rs. 4.25 Cr with Charge ID 100166196 was registered on 23 Mar 2018.
Charges
A charge with Oriental Bank Of Commerce of Rs. 9.50 Cr registered on 24 May 2005 with Charge ID 90141453 was modified on 25 Jun 2015.

14 earlier events are in the company report.

Frequently asked questions

Mahalaxmi Seamless is an active public limited company based in Raigad, Maharashtra, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 23 April 1991 (35+ years old) and is registered under CIN L93000MH1991PLC061347. Listed on BSE: 513460.

Mahalaxmi Seamless reported revenue of ₹1.89 Cr for FY 2025-26 (up 1.6% YoY) based on standalone financials.

Mahalaxmi Seamless has 6 current directors:

The latest financial statements of Mahalaxmi Seamless on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Mahalaxmi Seamless is 27AAACM8028K1Z9, registered in Maharashtra.

The CIN (Corporate Identification Number) of Mahalaxmi Seamless is L93000MH1991PLC061347. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Mahalaxmi Seamless is a listed company as per MCA records. Its shares are listed on BSE (code: 513460).

Mahalaxmi Seamless has 23 court cases on record: 8 filed by the company and 15 filed against it. 1 is pending. Most are in the district courts.

Mahalaxmi Seamless was incorporated on 23 April 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.

Mahalaxmi Seamless has 15 deals on record (15 market trades); the latest was in May 2024.