Maharashtra Seamless Limited

BSE: 500265 NSE: MAHSEAMLES
Maharashtra Seamless Limited - environment in Raigad, Maharashtra, India. FY 2026 financials and compliance.
CIN L99999MH1988PLC080545 Incorporated 10 May 1988 ROC Mumbai HQ Raigad, Maharashtra, India
Active Listed - NSE: MAHSEAMLES · BSE: 500265 Public Limited Company environment
Data last updated
Revenue · FY 2026
₹4,674.34 Cr
▼ 11.28% YoY
Computed EBITDA · FY 2026
₹1,068.8 Cr
▼ 4.36% YoY
Net profit · FY 2026
₹701.02 Cr
▼ 9.82% YoY
Authorised capital
₹1,070 Cr
Registered with MCA
Paid-up capital
₹67 Cr
Issued & subscribed
Open charges
₹24.5 Cr
Satisfied ₹1,195.99 Cr
Company age
38 yrs
Est. 1988
Last financials
Mar 2025
Balance sheet date

About Maharashtra Seamless Limited

Data last updated: 15 July 2026

Maharashtra Seamless Limited is a public limited company based in Raigad, Maharashtra, India. It specialises in wind energy solutions, a part of the broader environmental services sector. Incorporated on 10 May 1988, the company has been in operation for over 38 years.

Registered with ROC Mumbai under CIN L99999MH1988PLC080545. Listed on BSE: 500265 and NSE: MAHSEAMLES.

Capital: an authorised share capital of ₹1,070 Cr and a paid-up capital of ₹67 Cr. It is led by directors including Ashok Bhandari and Saket Jindal.

Last AGM: 28 August 2025. Financial statements filed for year ended 31 March 2025. Office: Pipe Nagar Village Sukelinh17 Bkg Road Roha, Raigad, Maharashtra, India – 402126.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹4,674.34 Cr, a decline of 11.28% compared to the previous year. The net worth stands at ₹6,876.45 Cr (up 8.46% YoY). Total assets are valued at ₹7,739.04 Cr (up 10.03% YoY).

Its group structure includes 2 subsidiaries and 1 joint venture.

As per MCA filings, the company has open charges of ₹24.5 Cr and satisfied charges of ₹1,195.99 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jindal.com.

Company Details of Maharashtra Seamless Limited
CIN L99999MH1988PLC080545
Registration Number 080545
Incorporation Date 10 May 1988
ROC Mumbai
Listing Status Listed (BSE: 500265, NSE: MAHSEAMLES)
Company Status Active
Date of Last AGM 28 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Saket Jindal Managing Director Raghav Jindal Managing Director Pithelis Raj Santhana Marian Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    jindal.com
  • Social Media
    Locked
  • Registered Address
    Pipe Nagar Village Sukelinh17 Bkg Road Roha, Raigad, Maharashtra, India – 402126
  • Industry
    Environment, Wind Energy Solutions, Solar Energy Solutions
Company report
Maharashtra Seamless Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Maharashtra Seamless Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Maharashtra Seamless Limited

Maharashtra Seamless Limited has one previous CIN (Corporate Identification Number): L99999MH1994PLC080545. The current CIN is L99999MH1988PLC080545, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L99999MH1988PLC080545 Current
L99999MH1994PLC080545 Previous

Business Activity of Maharashtra Seamless Limited

Maharashtra Seamless Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products Locked
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Business activity turnover details for Maharashtra Seamless Limited

Turnover contribution percentages and historical activity changes require an active report plan.

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Auditor Details of Maharashtra Seamless Limited

Maharashtra Seamless Limited is audited by Kanodia Sanyal & Associates (ICAI peer reviewed, certificate valid till 2029-04-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Kanodia Sanyal & Associates (ICAI peer reviewed, certificate valid till 2029-04-30) FY 2026 Declaration of unmodified opinion

Board of Directors of Maharashtra Seamless Limited

Maharashtra Seamless Limited is currently managed by 8 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Ashok Bhandari
Also directs: Rupa & Company Ltd, J.G.Chemicals Limited, Skipper Limited and 5 more
Director 11 Feb 2019 7 Years 6 Months Current
Saket Jindal
Also directs: Jindal Pipes Limited, Haryana Capfin Limited., Odd & Even Trades & Finance Limited and 3 more
Managing Director 01 Sep 2001 24 Years 11 Months Current
Pithelis Raj Santhana Marian Whole-Time Director 20 Oct 2005 20 Years 9 Months Current
Dharam Pal Jindal
Also directs: Swot Trading & Services Llp, Amruit Promoters And Finance Llp, Jindal Drilling And Industries Limited and 3 more
Director 10 May 1988 38 Years 3 Months Current
Raghav Jindal
Also directs: Jindal Drilling And Industries Limited, Jindal Pipes Limited, Brahma Dev Holding And Trading Limited and 4 more
Managing Director 01 Jul 2022 4 Years 1 Months Current
Dipika Agarwal
Also directs: Raigarh Plastics Private Limited, Banbori Mata Constructions Private Limited, H.P. Polymers Private Limited
Director 28 Sep 2025 0 Years 10 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Maharashtra Seamless Limited FY 2026 filings available

Maharashtra Seamless Limited reported revenue of ₹4,674.34 Cr (down 11.28% YoY) for FY 2026.

Revenue · FY 2026
₹4,674.34 Cr ▼ 11.28%
Profit · FY 2026
₹701.02 Cr ▼ 9.82%
Computed EBITDA · FY 2026
₹1,068.8 Cr ▼ 4.36%
Revenue₹ Cr · Consolidated02,0004,0006,000FY 2020: ₹2,645 Cr2,645FY 2020FY 2021: ₹2,308 Cr · -12.7% YoY2,308-12.7%FY 2021FY 2022: ₹4,200 Cr · +82% YoY4,200+82%FY 2022FY 2023: ₹5,716 Cr · +36.1% YoY5,716+36.1%FY 2023FY 2024: ₹5,404 Cr · -5.5% YoY5,404-5.5%FY 2024FY 2025: ₹5,269 Cr · -2.5% YoY5,269-2.5%FY 2025FY 2026: ₹4,674 Cr · -11.3% YoY4,674-11.3%FY 2026
Net Profit₹ Cr · Consolidated05001,000FY 2020: ₹115 Cr115FY 2020FY 2021: ₹121 Cr · +5.9% YoY121+5.9%FY 2021FY 2022: ₹404 Cr · +232.7% YoY404+232.7%FY 2022FY 2023: ₹768 Cr · +90% YoY768+90%FY 2023FY 2024: ₹952 Cr · +24% YoY952+24%FY 2024FY 2025: ₹777 Cr · -18.3% YoY777-18.3%FY 2025FY 2026: ₹701 Cr · -9.8% YoY701-9.8%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹1,151 Cr · -5.9% YoY1,151-5.9%Q1'25Q2'25: ₹1,292 Cr · -15.9% YoY1,292-15.9%Q2'25Q3'25: ₹1,408 Cr · -1.6% YoY1,408-1.6%Q3'25Q4'25: ₹1,418 Cr · +16.7% YoY1,418+16.7%Q4'25Q1'26: ₹1,145 Cr · -0.5% YoY1,145-0.5%Q1'26Q2'26: ₹1,159 Cr · -10.3% YoY1,159-10.3%Q2'26Q3'26: ₹1,090 Cr · -22.6% YoY1,090-22.6%Q3'26Q4'26: ₹1,280 Cr · -9.7% YoY1,280-9.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹4,674.34 Cr ₹5,268.67 Cr ₹5,404.12 Cr ₹5,716.37 Cr ₹4,200.29 Cr ₹2,308.34 Cr ₹2,644.83 Cr
Other Income ₹387.56 Cr ₹197.22 Cr ₹142.2 Cr ₹88.87 Cr ₹110.86 Cr ₹87.4 Cr ₹49.99 Cr
Total Income ₹5,061.9 Cr ₹5,465.89 Cr ₹5,546.32 Cr ₹5,805.24 Cr ₹4,311.15 Cr ₹2,395.74 Cr ₹2,694.82 Cr
Cost of Materials Consumed ₹2,947.3 Cr ₹3,287.01 Cr ₹3,249.74 Cr ₹3,728.5 Cr ₹3,019.32 Cr ₹1,463.98 Cr ₹1,623.73 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹27.98 Cr ₹30.31 Cr ₹36.23 Cr -₹2.7 Cr -₹152.88 Cr -₹70.51 Cr -₹3.72 Cr
Employee Benefit Expense ₹134.12 Cr ₹122.89 Cr ₹109.33 Cr ₹96.38 Cr ₹81.8 Cr ₹72.35 Cr ₹75.52 Cr
Finance Costs ₹2.58 Cr ₹2.76 Cr ₹8.47 Cr ₹38.32 Cr ₹50.7 Cr ₹55.74 Cr ₹63.91 Cr
Depreciation & Amortisation ₹110.16 Cr ₹100.92 Cr ₹109.72 Cr ₹137.73 Cr ₹137.86 Cr ₹121.46 Cr ₹87.91 Cr
Other Expenses ₹883.7 Cr ₹908.21 Cr ₹810 Cr ₹853.92 Cr ₹639.85 Cr ₹377.11 Cr ₹408.78 Cr
Total Expenses ₹4,105.84 Cr ₹4,452.1 Cr ₹4,323.49 Cr ₹4,852.15 Cr ₹3,776.65 Cr ₹2,020.13 Cr ₹2,256.13 Cr
Profit Before Exceptional Items & Tax ₹956.06 Cr ₹1,013.79 Cr ₹1,222.83 Cr ₹953.09 Cr ₹534.5 Cr ₹375.61 Cr ₹438.69 Cr
Exceptional Items -₹3.04 Cr ₹0 ₹0 ₹0 ₹0 -₹176.73 Cr -₹246.85 Cr
Profit Before Tax ₹953.02 Cr ₹1,013.79 Cr ₹1,222.83 Cr ₹953.09 Cr ₹534.5 Cr ₹198.88 Cr ₹191.84 Cr
Total Tax Expense ₹238.4 Cr ₹222.88 Cr ₹271.15 Cr ₹156.08 Cr ₹101.19 Cr ₹51.13 Cr ₹46.06 Cr
Net Profit ₹701.02 Cr ₹777.32 Cr ₹951.68 Cr ₹767.58 Cr ₹404.04 Cr ₹121.44 Cr ₹114.7 Cr
  attributable to Owners ₹701.27 Cr ₹777.46 Cr - ₹764.75 Cr ₹380.21 Cr ₹98.04 Cr ₹83.88 Cr
  attributable to NCI -₹25 Lakh ₹14 Lakh - ₹2.87 Cr ₹23.83 Cr ₹23.4 Cr ₹30.82 Cr
Other Comprehensive Income -₹22.59 Cr -₹34.44 Cr ₹71.26 Cr ₹69.26 Cr ₹19.77 Cr ₹2.52 Cr ₹40.68 Cr
Total Comprehensive Income ₹678.43 Cr ₹742.88 Cr ₹1,022.94 Cr ₹836.84 Cr ₹423.81 Cr ₹123.96 Cr ₹155.38 Cr
EBITDA (computed) ₹1,068.8 Cr ₹1,117.47 Cr ₹1,341.02 Cr ₹1,129.14 Cr ₹723.06 Cr ₹552.81 Cr ₹590.51 Cr
Basic EPS ₹52.33 ₹58.02 ₹70.99 ₹57.07 ₹56.75 ₹14.63 ₹12.52
Diluted EPS ₹52.33 ₹58.02 ₹70.99 ₹57.07 ₹56.75 ₹14.63 ₹12.52
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹7,739.04 Cr ₹7,033.29 Cr ₹6,588.5 Cr ₹5,858.77 Cr
Non-current Assets ₹2,181.2 Cr ₹2,598.49 Cr ₹2,974.15 Cr ₹2,651.24 Cr
Current Assets ₹5,557.84 Cr ₹4,434.8 Cr ₹3,614.35 Cr ₹3,207.53 Cr
Property, Plant & Equipment ₹1,861.8 Cr ₹1,862.3 Cr ₹1,948.39 Cr ₹2,014.31 Cr
Inventories ₹1,138.71 Cr ₹1,341.65 Cr ₹1,576.12 Cr ₹1,505.84 Cr
Trade Receivables ₹564.68 Cr ₹653.49 Cr ₹518.98 Cr ₹642.47 Cr
Cash & Equivalents ₹76.7 Cr ₹41.82 Cr ₹54.52 Cr ₹54.42 Cr
Equity (Net Worth) ₹6,876.45 Cr ₹6,339.94 Cr ₹5,730.7 Cr ₹4,773.97 Cr
Equity Share Capital ₹67 Cr ₹67 Cr ₹67 Cr ₹67 Cr
Borrowings (Non-current) ₹8.69 Cr ₹10 Lakh ₹0 ₹161.83 Cr
Borrowings (Current) ₹4.67 Cr ₹0 ₹0 ₹82.36 Cr
Total Debt (computed) ₹13.36 Cr ₹10 Lakh ₹0 ₹244.19 Cr
Current Liabilities ₹392.25 Cr ₹271.33 Cr ₹430.73 Cr ₹548.57 Cr
Total Liabilities ₹862.59 Cr ₹693.35 Cr ₹857.8 Cr ₹1,084.8 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹933.24 Cr ₹609.63 Cr ₹1,041.66 Cr ₹916.62 Cr -₹282.94 Cr
Investing Cash Flow -₹774.81 Cr -₹485.28 Cr -₹721.62 Cr -₹381.95 Cr ₹489.45 Cr
Financing Cash Flow -₹122.74 Cr -₹137.1 Cr -₹319.63 Cr -₹542.25 Cr -₹219.71 Cr
Capital Expenditure ₹169.67 Cr ₹23.21 Cr ₹32.1 Cr ₹18.81 Cr ₹8.26 Cr
Free Cash Flow (computed) ₹763.57 Cr ₹586.42 Cr ₹1,009.56 Cr ₹897.81 Cr -₹291.2 Cr
Dividends Paid ₹134 Cr ₹134 Cr ₹67 Cr ₹33.73 Cr ₹23.65 Cr
Net Change in Cash ₹34.88 Cr -₹12.7 Cr ₹41 Lakh -₹16.56 Cr -₹15.63 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,280.11 Cr ₹1,090.29 Cr ₹1,158.67 Cr ₹1,145.27 Cr ₹1,417.77 Cr ₹1,408.11 Cr ₹1,291.81 Cr ₹1,150.98 Cr ₹1,214.9 Cr ₹1,431.13 Cr ₹1,535.15 Cr ₹1,222.94 Cr
Other Income -₹47.91 Cr ₹199.95 Cr ₹75.76 Cr ₹159.76 Cr ₹39.97 Cr ₹1.72 Cr ₹90.73 Cr ₹64.8 Cr ₹44 Cr ₹34.81 Cr ₹29.97 Cr ₹33.42 Cr
Total Income ₹1,232.2 Cr ₹1,290.24 Cr ₹1,234.43 Cr ₹1,305.03 Cr ₹1,457.74 Cr ₹1,409.83 Cr ₹1,382.54 Cr ₹1,215.78 Cr ₹1,258.9 Cr ₹1,465.94 Cr ₹1,565.12 Cr ₹1,256.36 Cr
Cost of Materials Consumed ₹783.69 Cr ₹654.24 Cr ₹710.35 Cr ₹799.02 Cr ₹904.54 Cr ₹808.16 Cr ₹785.07 Cr ₹789.24 Cr ₹779.43 Cr ₹728.67 Cr ₹946.13 Cr ₹795.51 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹11.09 Cr ₹47.01 Cr ₹73.03 Cr -₹80.97 Cr -₹47.03 Cr ₹62.85 Cr ₹9.37 Cr ₹5.12 Cr -₹52.53 Cr ₹126.1 Cr -₹9.38 Cr -₹27.96 Cr
Employee Benefit Expense ₹35.14 Cr ₹33.27 Cr ₹33.31 Cr ₹32.4 Cr ₹31.21 Cr ₹30.73 Cr ₹30.57 Cr ₹30.38 Cr ₹27.47 Cr ₹26.82 Cr ₹27.4 Cr ₹27.64 Cr
Finance Costs ₹85 Lakh ₹82 Lakh ₹43 Lakh ₹48 Lakh ₹50 Lakh ₹52 Lakh ₹81 Lakh ₹93 Lakh ₹46 Lakh ₹69 Lakh ₹72 Lakh ₹6.6 Cr
Depreciation & Amortisation ₹31.25 Cr ₹28.76 Cr ₹25.19 Cr ₹24.96 Cr ₹25.39 Cr ₹25.28 Cr ₹25.24 Cr ₹25.01 Cr ₹23.82 Cr ₹25.74 Cr ₹25.74 Cr ₹34.42 Cr
Other Expenses ₹234.64 Cr ₹203.45 Cr ₹219.31 Cr ₹226.3 Cr ₹243.89 Cr ₹226.78 Cr ₹235.76 Cr ₹201.78 Cr ₹190.52 Cr ₹179.55 Cr ₹238.61 Cr ₹183.83 Cr
Total Expenses ₹1,074.48 Cr ₹967.55 Cr ₹1,061.62 Cr ₹1,002.19 Cr ₹1,158.5 Cr ₹1,154.32 Cr ₹1,086.82 Cr ₹1,052.46 Cr ₹969.17 Cr ₹1,087.57 Cr ₹1,229.22 Cr ₹1,020.04 Cr
Profit Before Exceptional Items & Tax ₹157.72 Cr ₹322.69 Cr ₹172.81 Cr ₹302.84 Cr ₹299.24 Cr ₹255.51 Cr ₹295.72 Cr ₹163.32 Cr ₹289.73 Cr ₹378.37 Cr ₹335.9 Cr ₹236.32 Cr
Exceptional Items -₹3.04 Cr ₹0 ₹0 -₹3.19 Cr ₹0 ₹0 ₹0 ₹0 ₹0 -₹4.05 Cr ₹0 ₹0
Profit Before Tax ₹154.68 Cr ₹322.69 Cr ₹172.81 Cr ₹299.65 Cr ₹299.24 Cr ₹255.51 Cr ₹295.72 Cr ₹163.32 Cr ₹289.73 Cr ₹374.32 Cr ₹335.9 Cr ₹236.32 Cr
Total Tax Expense ₹48.33 Cr ₹76.81 Cr ₹43.91 Cr ₹69.35 Cr ₹56.61 Cr ₹65.69 Cr ₹71.65 Cr ₹28.93 Cr ₹71.45 Cr ₹98.16 Cr ₹80.56 Cr ₹20.98 Cr
Net Profit ₹102.84 Cr ₹242.65 Cr ₹125.23 Cr ₹230.3 Cr ₹242.26 Cr ₹186.06 Cr ₹220.16 Cr ₹128.84 Cr ₹218.28 Cr ₹276.16 Cr ₹250.62 Cr ₹206.62 Cr
  attributable to Owners ₹102.83 Cr ₹242.86 Cr ₹125.26 Cr ₹0 ₹242.04 Cr ₹186.07 Cr ₹220.08 Cr ₹129.27 Cr - ₹0 ₹250.45 Cr ₹206.55 Cr
  attributable to NCI ₹1 Lakh -₹21 Lakh -₹3 Lakh ₹0 ₹22 Lakh -₹1 Lakh ₹8 Lakh -₹43 Lakh - ₹0 ₹17 Lakh ₹7 Lakh
Other Comprehensive Income -₹24.74 Cr ₹50 Lakh ₹1.62 Cr ₹3 Lakh -₹35.86 Cr ₹1.13 Cr ₹22 Lakh ₹7 Lakh -₹58 Lakh ₹25 Lakh ₹1.1 Cr ₹5 Lakh
Total Comprehensive Income ₹78.1 Cr ₹243.15 Cr ₹126.85 Cr ₹230.33 Cr ₹206.4 Cr ₹187.19 Cr ₹220.38 Cr ₹128.91 Cr ₹217.7 Cr ₹276.41 Cr ₹251.72 Cr ₹206.67 Cr
EBITDA (computed) ₹189.82 Cr ₹352.27 Cr ₹198.43 Cr ₹328.28 Cr ₹325.13 Cr ₹281.31 Cr ₹321.77 Cr ₹189.26 Cr ₹314.01 Cr ₹404.8 Cr ₹362.36 Cr ₹277.34 Cr
Basic EPS ₹7.67 ₹18.12 ₹9.35 ₹17.19 ₹18.06 ₹13.89 ₹16.42 ₹9.65 ₹16.30 ₹20.59 ₹18.69 ₹15.41
Diluted EPS ₹7.67 ₹18.12 ₹9.35 ₹17.19 ₹18.06 ₹13.89 ₹16.42 ₹9.65 ₹16.30 ₹20.59 ₹18.69 ₹15.41
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
a. Steel Pipes & Tubes ₹1,258.77 Cr ₹191.26 Cr ₹2,888.54 Cr ₹439.47 Cr
b. Power - Electricity ₹20.51 Cr ₹15.09 Cr ₹237.58 Cr ₹88 Lakh
c. Rig ₹14.58 Cr ₹1.34 Cr ₹683.44 Cr ₹9.04 Cr
d. Others /Unallocated -₹47.71 Cr -₹49.12 Cr ₹3,929.48 Cr ₹413.2 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
a. Steel Pipes & Tubes ₹4,615.47 Cr ₹526.01 Cr - -
b. Power - Electricity ₹80.34 Cr ₹57.85 Cr - -
c. Rig ₹30.73 Cr -₹9.13 Cr - -
d. Others /Unallocated ₹390.49 Cr ₹383.91 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹4,671.41 Cr ₹5,265.9 Cr ₹5,403.12 Cr ₹5,707.13 Cr ₹3,556.09 Cr ₹2,225.08 Cr ₹2,616.84 Cr
Other Income ₹387.37 Cr ₹197.24 Cr ₹141.17 Cr ₹82.93 Cr ₹88.24 Cr ₹90.64 Cr ₹51.1 Cr
Total Income ₹5,058.78 Cr ₹5,463.14 Cr ₹5,544.29 Cr ₹5,790.06 Cr ₹3,644.33 Cr ₹2,315.72 Cr ₹2,667.94 Cr
Cost of Materials Consumed ₹2,945 Cr ₹3,285.94 Cr ₹3,249.63 Cr ₹3,728.21 Cr ₹2,569.5 Cr ₹1,398.33 Cr ₹1,599.59 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹27.98 Cr ₹30.31 Cr ₹36.24 Cr -₹2.7 Cr -₹146.87 Cr -₹38 Cr -₹3.72 Cr
Employee Benefit Expense ₹132.29 Cr ₹121.54 Cr ₹108.62 Cr ₹95.73 Cr ₹71 Cr ₹66.97 Cr ₹74.74 Cr
Finance Costs ₹2.53 Cr ₹2.99 Cr ₹8.44 Cr ₹35.75 Cr ₹39.91 Cr ₹48.01 Cr ₹47.93 Cr
Depreciation & Amortisation ₹109.71 Cr ₹100.48 Cr ₹109.28 Cr ₹135.88 Cr ₹106.3 Cr ₹105.39 Cr ₹78.75 Cr
Other Expenses ₹881.7 Cr ₹906.12 Cr ₹785.99 Cr ₹848.12 Cr ₹522.98 Cr ₹351.35 Cr ₹394.81 Cr
Total Expenses ₹4,099.21 Cr ₹4,447.38 Cr ₹4,298.2 Cr ₹4,840.99 Cr ₹3,162.82 Cr ₹1,932.05 Cr ₹2,192.1 Cr
Profit Before Exceptional Items & Tax ₹959.57 Cr ₹1,015.76 Cr ₹1,246.09 Cr ₹949.07 Cr ₹481.51 Cr ₹383.67 Cr ₹475.84 Cr
Exceptional Items -₹3.04 Cr ₹0 ₹0 ₹0 ₹0 -₹190.99 Cr -₹450.41 Cr
Profit Before Tax ₹956.53 Cr ₹1,015.76 Cr ₹1,246.09 Cr ₹949.07 Cr ₹481.51 Cr ₹192.68 Cr ₹25.43 Cr
Total Tax Expense ₹238.37 Cr ₹222.91 Cr ₹271.16 Cr ₹156.08 Cr ₹101.06 Cr ₹51.09 Cr ₹46.11 Cr
Net Profit ₹718.16 Cr ₹792.85 Cr ₹974.93 Cr ₹792.99 Cr ₹380.45 Cr ₹141.59 Cr -₹20.68 Cr
Other Comprehensive Income ₹81 Lakh ₹22 Lakh ₹6 Lakh ₹85 Lakh ₹1.6 Cr ₹1.94 Cr -₹24 Lakh
Total Comprehensive Income ₹718.97 Cr ₹793.07 Cr ₹974.99 Cr ₹793.84 Cr ₹382.05 Cr ₹143.53 Cr -₹20.92 Cr
EBITDA (computed) ₹1,071.81 Cr ₹1,119.23 Cr ₹1,363.81 Cr ₹1,120.7 Cr ₹627.72 Cr ₹537.07 Cr ₹602.52 Cr
Basic EPS ₹53.59 ₹59.17 ₹72.76 ₹59.18 ₹56.78 ₹21.13 ₹-3.09
Diluted EPS ₹53.59 ₹59.17 ₹72.76 ₹59.18 ₹56.78 ₹21.13 ₹-3.09
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹7,714.15 Cr ₹6,959.21 Cr ₹6,465.64 Cr ₹5,784.31 Cr
Non-current Assets ₹2,184.14 Cr ₹2,532.85 Cr ₹2,861.96 Cr ₹2,589.33 Cr
Current Assets ₹5,530.01 Cr ₹4,426.36 Cr ₹3,603.68 Cr ₹3,194.98 Cr
Property, Plant & Equipment ₹1,859.7 Cr ₹1,859.28 Cr ₹1,945.02 Cr ₹2,010.55 Cr
Inventories ₹1,137.94 Cr ₹1,339.01 Cr ₹1,573.45 Cr ₹1,502.96 Cr
Trade Receivables ₹542.65 Cr ₹38.71 Cr ₹521.23 Cr ₹644.08 Cr
Cash & Equivalents ₹74.7 Cr ₹2.13 Cr ₹53.56 Cr ₹47.92 Cr
Equity (Net Worth) ₹6,857.88 Cr ₹6,272.92 Cr ₹5,613.86 Cr ₹4,705.86 Cr
Equity Share Capital ₹67 Cr ₹67 Cr ₹67 Cr ₹67 Cr
Borrowings (Non-current) ₹8.69 Cr ₹10 Lakh ₹0 ₹161.83 Cr
Borrowings (Current) ₹4.67 Cr ₹0 ₹0 ₹82.36 Cr
Total Debt (computed) ₹13.36 Cr ₹10 Lakh ₹0 ₹244.19 Cr
Current Liabilities ₹391.48 Cr ₹269.76 Cr ₹430.14 Cr ₹542.34 Cr
Total Liabilities ₹856.27 Cr ₹686.29 Cr ₹851.78 Cr ₹1,078.45 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹966.01 Cr ₹607.43 Cr ₹1,047.57 Cr ₹907.93 Cr -₹289.83 Cr
Investing Cash Flow -₹807.26 Cr -₹485.67 Cr -₹722.23 Cr -₹466.54 Cr ₹425.04 Cr
Financing Cash Flow -₹122.76 Cr -₹136.61 Cr -₹319.63 Cr -₹457.09 Cr -₹145.92 Cr
Capital Expenditure ₹169.17 Cr ₹21.95 Cr ₹32.09 Cr ₹18.81 Cr ₹5.61 Cr
Free Cash Flow (computed) ₹796.84 Cr ₹585.48 Cr ₹1,015.48 Cr ₹889.12 Cr -₹295.44 Cr
Dividends Paid ₹134 Cr ₹134 Cr ₹67 Cr ₹33.73 Cr ₹23.65 Cr
Net Change in Cash ₹35.99 Cr -₹14.85 Cr ₹5.71 Cr -₹15.7 Cr -₹10.71 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,279.91 Cr ₹1,090.14 Cr ₹1,158.5 Cr ₹1,142.86 Cr ₹1,415.83 Cr ₹1,407.97 Cr ₹1,291.25 Cr ₹1,150.85 Cr ₹1,214.79 Cr ₹1,430.36 Cr ₹1,535.35 Cr ₹1,222.6 Cr
Other Income -₹47.99 Cr ₹199.92 Cr ₹75.73 Cr ₹159.71 Cr ₹40.22 Cr ₹1.57 Cr ₹90.74 Cr ₹64.71 Cr ₹43.89 Cr ₹34.78 Cr ₹29.1 Cr ₹33.4 Cr
Total Income ₹1,231.92 Cr ₹1,290.06 Cr ₹1,234.23 Cr ₹1,302.57 Cr ₹1,456.05 Cr ₹1,409.54 Cr ₹1,381.99 Cr ₹1,215.56 Cr ₹1,258.68 Cr ₹1,465.14 Cr ₹1,564.45 Cr ₹1,256 Cr
Cost of Materials Consumed ₹783.74 Cr ₹654.23 Cr ₹710.3 Cr ₹796.73 Cr ₹903.47 Cr ₹808.16 Cr ₹785.07 Cr ₹789.24 Cr ₹779.65 Cr ₹728.52 Cr ₹945.99 Cr ₹795.46 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹11.09 Cr ₹47.01 Cr ₹73.03 Cr -₹80.97 Cr -₹47.03 Cr ₹62.85 Cr ₹9.37 Cr ₹5.12 Cr -₹52.54 Cr ₹126.1 Cr -₹9.38 Cr -₹27.96 Cr
Employee Benefit Expense ₹34.61 Cr ₹32.69 Cr ₹32.97 Cr ₹32.02 Cr ₹30.78 Cr ₹30.42 Cr ₹30.2 Cr ₹30.14 Cr ₹27.24 Cr ₹26.66 Cr ₹27.24 Cr ₹27.48 Cr
Finance Costs ₹83 Lakh ₹80 Lakh ₹42 Lakh ₹48 Lakh ₹77 Lakh ₹51 Lakh ₹84 Lakh ₹87 Lakh ₹45 Lakh ₹68 Lakh ₹72 Lakh ₹6.59 Cr
Depreciation & Amortisation ₹31.14 Cr ₹28.64 Cr ₹25.08 Cr ₹24.85 Cr ₹25.33 Cr ₹25.19 Cr ₹25.06 Cr ₹24.9 Cr ₹24.83 Cr ₹25.26 Cr ₹25.26 Cr ₹33.94 Cr
Other Expenses ₹233.82 Cr ₹202.72 Cr ₹218.91 Cr ₹226.25 Cr ₹243.56 Cr ₹226.55 Cr ₹235.6 Cr ₹200.41 Cr ₹184.3 Cr ₹179.47 Cr ₹238.48 Cr ₹183.74 Cr
Total Expenses ₹1,073.05 Cr ₹966.09 Cr ₹1,060.71 Cr ₹999.36 Cr ₹1,156.88 Cr ₹1,153.68 Cr ₹1,086.14 Cr ₹1,050.68 Cr ₹963.93 Cr ₹1,086.69 Cr ₹1,228.31 Cr ₹1,019.25 Cr
Profit Before Exceptional Items & Tax ₹158.87 Cr ₹323.97 Cr ₹173.52 Cr ₹303.21 Cr ₹299.17 Cr ₹255.86 Cr ₹295.85 Cr ₹164.88 Cr ₹294.75 Cr ₹378.45 Cr ₹336.14 Cr ₹236.75 Cr
Exceptional Items -₹3.04 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹155.83 Cr ₹323.97 Cr ₹173.52 Cr ₹303.21 Cr ₹299.17 Cr ₹255.86 Cr ₹295.85 Cr ₹164.88 Cr ₹294.75 Cr ₹378.45 Cr ₹336.14 Cr ₹236.75 Cr
Total Tax Expense ₹48.3 Cr ₹76.81 Cr ₹43.91 Cr ₹69.35 Cr ₹56.64 Cr ₹65.69 Cr ₹71.65 Cr ₹28.93 Cr ₹71.46 Cr ₹98.16 Cr ₹80.56 Cr ₹20.98 Cr
Net Profit ₹107.53 Cr ₹247.16 Cr ₹129.61 Cr ₹233.86 Cr ₹242.53 Cr ₹190.17 Cr ₹224.2 Cr ₹135.95 Cr ₹223.29 Cr ₹280.29 Cr ₹255.58 Cr ₹215.77 Cr
Other Comprehensive Income ₹65 Lakh ₹5 Lakh ₹6 Lakh ₹5 Lakh ₹16 Lakh ₹3 Lakh ₹1 Lakh ₹2 Lakh -₹58 Lakh ₹21 Lakh ₹22 Lakh ₹21 Lakh
Total Comprehensive Income ₹108.18 Cr ₹247.21 Cr ₹129.67 Cr ₹233.91 Cr ₹242.69 Cr ₹190.2 Cr ₹224.21 Cr ₹135.97 Cr ₹222.71 Cr ₹280.5 Cr ₹255.8 Cr ₹215.98 Cr
EBITDA (computed) ₹190.84 Cr ₹353.41 Cr ₹199.02 Cr ₹328.54 Cr ₹325.27 Cr ₹281.56 Cr ₹321.75 Cr ₹190.65 Cr ₹320.03 Cr ₹404.39 Cr ₹362.12 Cr ₹277.28 Cr
Basic EPS ₹8.02 ₹18.44 ₹9.67 ₹17.45 ₹18.10 ₹14.19 ₹16.73 ₹10.15 ₹16.66 ₹20.92 ₹19.07 ₹16.10
Diluted EPS ₹8.02 ₹18.44 ₹9.67 ₹17.45 ₹18.10 ₹14.19 ₹16.73 ₹10.15 ₹16.66 ₹20.92 ₹19.07 ₹16.10
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Steel Pipes & Tubes ₹1,258.77 Cr ₹191.26 Cr ₹2,888.54 Cr ₹439.47 Cr
Power - Electricity ₹20.51 Cr ₹15.09 Cr ₹237.58 Cr ₹88 Lakh
Rig ₹14.58 Cr ₹1.34 Cr ₹683.44 Cr ₹9.04 Cr
Others /Unallocated -₹47.99 Cr -₹47.99 Cr ₹3,904.59 Cr ₹406.88 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Steel Pipes & Tubes ₹4,615.46 Cr ₹526.01 Cr - -
Power - Electricity ₹80.34 Cr ₹57.85 Cr - -
Rig ₹30.73 Cr -₹9.13 Cr - -
Others /Unallocated ₹387.33 Cr ₹387.33 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Maharashtra Seamless Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Maharashtra Seamless Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 70.28%, foreign institutional investors hold 9.59%, domestic institutional investors hold 3.29%, retail and other public shareholders hold 16.84% of Maharashtra Seamless Limited. The company had 88,783 shareholders on record.

Promoters: 70.28%DII (Domestic Institutional): 3.29%FII (Foreign Institutional): 9.59%Retail & Others: 16.84%
Mar 2026
QUARTER
70.28% Promoters
3.29% DII (Domestic Institutional)
9.59% FII (Foreign Institutional)
16.84% Retail & Others
Promoter holding - history
Now 70.28% · Mar 2026High 70.28% · Mar 2026Low 59.37% · Dec 2015
58%61.5%65%68.5%72%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 59.37%Mar 2016: 59.39%Jun 2016: 59.57%Sep 2016: 59.68%Dec 2016: 59.80%Mar 2017: 59.80%Jun 2017: 59.80%Sep 2017: 59.84%Dec 2017: 60.28%Mar 2018: 60.58%Jun 2018: 61.18%Sep 2018: 61.78%Dec 2018: 61.78%Mar 2019: 61.89%Jun 2019: 62.07%Sep 2019: 62.58%Dec 2019: 62.82%Mar 2020: 62.93%Jun 2020: 62.93%Sep 2020: 63.05%Dec 2020: 63.78%Mar 2021: 63.78%Jun 2021: 63.73%Sep 2021: 63.82%Dec 2021: 64.90%Mar 2022: 67.00%Jun 2022: 67.08%Sep 2022: 67.25%Dec 2022: 67.63%Mar 2023: 67.80%Jun 2023: 67.80%Sep 2023: 67.86%Dec 2023: 67.86%Mar 2024: 68.00%Jun 2024: 68.00%Sep 2024: 68.04%Dec 2024: 68.07%Mar 2025: 68.86%Jun 2025: 68.87%Sep 2025: 69.05%Dec 2025: 69.81%Mar 2026: 70.28%59.37%70.28%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters70.28%69.81%69.05%68.87%68.86%68.07%
Public29.72%30.19%30.95%31.13%31.14%31.93%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters70.28%68.86%68.00%67.80%67.00%63.78%62.93%61.89%60.58%59.80%59.39%
Public29.72%31.14%32.00%32.20%33.00%36.22%37.07%38.11%39.42%40.20%39.79%
Employee Trusts0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.82%
Promoter change (YoY, %pts)+1.42+0.86+0.20+0.80+3.22+0.85+1.04+1.31+0.78+0.41-

Board & Governance of Maharashtra Seamless Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Maharashtra Seamless Limited has 8 directors - 4 independent and 3 executive. The board is chaired by Dharam Pal Jindal.

DirectorPositionOn board sinceListed boards
Dharam Pal Jindal Non-Executive - Non Independent Director · Chairperson 1988-05-10 2
Saket Jindal Executive Director · MD 2001-09-01 2
Raghav Jindal Executive Director · MD 2022-07-01 2
Ashok Bhandari Non-Executive - Independent Director 2019-02-11 6
Kamal Kishore Bhartia Non-Executive - Independent Director 2024-09-26 1
Mohan Gupta Non-Executive - Independent Director 2024-09-26 1
Pithelis Raj Santhana Marian Executive Director 2005-10-20 1
Dipika Agarwal Non-Executive - Independent Director 2025-09-28 2
Board Committees
CommitteeMembers
Audit Committee Ashok Bhandari (Chairperson), Dharam Pal Jindal, Kamal Kishore Bhartia, Mohan Gupta
Nomination and remuneration committee Ashok Bhandari (Chairperson), Mohan Gupta, Dipika Agarwal
Stakeholders Relationship Committee Dharam Pal Jindal (Chairperson), Saket Jindal, Dipika Agarwal
Risk Management Committee Saket Jindal (Chairperson), Mohan Gupta, Sanjiv Gupta
Corporate Social Responsibility Committee Dharam Pal Jindal (Chairperson), Pithelis Raj Santhana Marian, Dipika Agarwal

Group Structure of Maharashtra Seamless Limited

Maharashtra Seamless Limited has 2 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The corporate group structure reflects Maharashtra Seamless Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
1
Joint ventures
Key Subsidiaries
Company Name CIN Shares Held
Jindal Premium Connections Private Limited U27100MH2004PTC148789 -
Maharashtra Seamless Finance Limited U67190MH2012PLC226596 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Maharashtra Seamless Limited

Open charges
₹24.5 Cr
Satisfied charges
₹1,195.99 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹24.50 Cr
Latest charge details
DateLenderAmountStatus
27 Mar 2025 Hdfc Bank Limited ₹24.5 Cr Open
06 Mar 2021 Others ₹100 Cr Satisfied
16 Feb 2021 Others ₹150 Cr Satisfied
14 May 2020 Others ₹378.1 Cr Satisfied
15 May 2015 Axis Bank Limited ₹128.06 Cr Satisfied

Total charge records: 15 View all charges

Employees and EPFO Compliance at Maharashtra Seamless Limited

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GST Compliance of Maharashtra Seamless Limited

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Credit Ratings, Litigation & Regulatory Alerts for Maharashtra Seamless Limited

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MSME Payment Delays by Maharashtra Seamless Limited

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MSME payment history for Maharashtra Seamless Limited

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Subsidiaries & Group Companies of Maharashtra Seamless Limited

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Corporate group structure for Maharashtra Seamless Limited

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MCA Filings & Documents of Maharashtra Seamless Limited

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Recent Activity on Maharashtra Seamless Limited

Directors
28 Sep 2025
Dipika Agarwal was appointed as a Director on 28 Sep 2025 & has been associated with this company since 10 months 16 days.
Activity
28 Aug 2025
Maharashtra Seamless Limited last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records.
Activity
31 Mar 2025
Maharashtra Seamless Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
27 Mar 2025
A charge with Hdfc Bank Limited amounted to Rs. 24.50 Cr with Charge ID 101092027 was registered on 27 Mar 2025.
Directors
28 Feb 2025
Arup Mandal was appointed as a Cfo on 28 Feb 2025 & has been associated with this company since 1 year 5 months.
Directors
26 Sep 2024
Kamal Kishore Bhartia was appointed as a Director on 26 Sep 2024 & has been associated with this company since 1 year 10 months.

Recent News on Maharashtra Seamless Limited

Stocks that will see action today: January 27, 2025
27 Jan 2025 · Thehindubusinessline

Frequently Asked Questions about Maharashtra Seamless Limited

Maharashtra Seamless Limited is an active public limited company in the environment sector based in Raigad, Maharashtra, India. It was incorporated on 10 May 1988 (38+ years old) and is registered under CIN L99999MH1988PLC080545. Listed on BSE: 500265 and NSE: MAHSEAMLES.

Maharashtra Seamless Limited reported revenue of ₹4,674.34 Cr for FY 2026 (down 11.28% YoY) based on consolidated NSE filings.

The current directors of Maharashtra Seamless Limited are:

The primary industry of Maharashtra Seamless Limited is environment. The company specifically operates in wind energy solutions. The company is currently active in this sector.

Yes. Maharashtra Seamless Limited is listed on both BSE (code: 500265) and NSE (symbol: MAHSEAMLES).

Maharashtra Seamless Limited can be reached at the registered office: Pipe Nagar Village Sukelinh17 Bkg Road Roha, Raigad, Maharashtra, India – 402126, or through the website jindal.com.

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