About Maharashtra Seamless Limited
Data last updated: 22 December 2025
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 Saket Jindal and Raghav 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 the financials filed for FY 2025, the company reported a revenue of ₹5,465.89 Cr, a decline of 1% compared to the previous year.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressPipe Nagar Village Sukelinh17 Bkg Road Roha, Raigad, Maharashtra, India – 402126
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IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 | ********* |
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 10 directors, with 22 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
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 10 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 0 Months | Current |
| Mohan Gupta | Director | 26 Sep 2024 | 1 Years 9 Months | Current |
|
Dipika Gupta
Also directs:
Stable Trading Co Ltd, Raigarh Plastics Private Limited, Banbori Mata Constructions Private Limited and 1 more
|
Director | 28 Sep 2025 | 0 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 2 Months | Current |
| Kamal Kishore Bhartia | Director | 26 Sep 2024 | 1 Years 9 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | - | - |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 70.28% | 69.81% | 69.05% | 68.87% | 68.86% | 68.07% |
| Public | 29.72% | 30.19% | 30.95% | 31.13% | 31.14% | 31.93% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.28% | 68.86% | 68.00% | 67.80% | 67.00% | 63.78% | 62.93% | 61.89% | 60.58% | 59.80% | 59.39% |
| Public | 29.72% | 31.14% | 32.00% | 32.20% | 33.00% | 36.22% | 37.07% | 38.11% | 39.42% | 40.20% | 39.79% |
| Employee Trusts | 0.00% | 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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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.
| 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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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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Employee Count & EPFO Data of Maharashtra Seamless Limited
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GST Compliance of Maharashtra Seamless Limited
GSTIN & GST Filing Data of Maharashtra Seamless Limited
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Credit Ratings, Litigation & Regulatory Alerts for Maharashtra Seamless Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Maharashtra Seamless Limited
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MSME Payment Delays by Maharashtra Seamless Limited
MSME Payment Delays by Maharashtra Seamless Limited
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Subsidiaries & Group Companies of Maharashtra Seamless Limited
Subsidiaries & Group Companies of Maharashtra Seamless Limited
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MCA Filings & Documents of Maharashtra Seamless Limited
MCA Filings & Documents of Maharashtra Seamless Limited
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Recent Activity on Maharashtra Seamless Limited
Recent News on Maharashtra Seamless Limited
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 ₹5,465.89 Cr for FY 2025 (down 1.00% YoY).
The current directors of Maharashtra Seamless Limited are:
- Saket Jindal
- Raghav Jindal
- Mohan Gupta
- Dipika Gupta
- Ram Ji Nigam
- Dharam Pal Jindal
- Kamal Kishore Bhartia
- Ashok Bhandari
- Pithelis Raj Santhana Marian
- Arup Mandal
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.