As of 28 Oct 2026, Mahalaxmi Seamless is loss-making on a trailing 12-month basis, with a net loss of ₹0.01 Cr, so it has no P/E ratio. The share price is ₹10.75. Sales fell 64% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹1.06 Cr. It is a small-cap company with a market cap of ₹5.68 Cr; the shares rose 30% over the past year.
- ₹10.75
- ₹10.75
- ₹10.75
- ₹10.75
- 100
Health check
- ReturnsStrong
+30.1% over the past year.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −63.6% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags3 to check
Loss-making over the last twelve months.
Key metrics
- Market cap
- ₹5.68 Cr
- Small cap
- P/E
- n/a
- Price to book
- −10.40
- Book value ₹−1.03
- Dividend yield
- 0.00%
- ROE
- n/a
- Return on equity
- ROCE
- 4.9%
- Return on capital employed
- Debt to equity
- n/a
- Debt ₹1.06 Cr
- EPS (TTM)
- −₹0.02
- OPM (TTM)
- 13.3%
- Net margin −0.5%
- Sales growth
- +37.4%
- Latest quarter vs a year ago
- Profit growth
- +66.8%
- Latest quarter vs a year ago
- Price to sales
- 2.76
- EV/EBITDA 22.8
Strengths and risks
Strengths
- Quarterly profit up 66.8% on a year ago.
- Quarterly sales up 37.4% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Negative net worth: liabilities exceed assets.
- Interest coverage of only −10.7×.
About Mahalaxmi Seamless
Mahalaxmi Seamless Limited manufactures and sells cold drawn seamless pipes and tubes in India. The company offers carbon steel, alloy steel seamless, and welded pipes. It also offers hydraulic tubes, heat exchanger tubes, pipe fittings, and square and rectangular tubes. In addition, the company offers software development products and automate business processes. The company serves air-conditioning and climate control, boilers, breweries and…
- Headquarters
- Raigad
- Employees
- 3
- Sector
- Basic Materials
- ISIN
- INE257F01017
- Website
- mahatubes.com
Price range
- Avg volume (3M)
- 359
- 1-year return
- plus 30.1%
- From 52-week high
- minus 7.2%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | |
| 0.2 | 0.3 | 0.3 | 0.8 | 0.4 | |
| 0.2 | 0.2 | 0.2 | −0.3 | 0.2 | |
| 49.8% | 38.8% | 31.4% | −51.8% | 33.8% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0.1 | 0 | |
| 0.1 | 0 | 0 | 0.1 | 0 | |
| 0.1 | 0.1 | 0.1 | −0.4 | 0.2 | |
| 17.4% | 7.6% | −4.5% | 12.3% | −1.2% | |
| 0.1 | 0.1 | 0.1 | −0.3 | 0.2 | |
| 0.18 | 0.19 | 0.12 | -0.63 | 0.30 |
Profit & loss
- Sales CAGR 3Y
- −63.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.8 | 0 | 0.1 | 0.1 | |
| – | minus 97.5% | +41.1% | +39.6% | |
| 1 | 1.1 | 1.1 | 1.6 | |
| 0.8 | −1.1 | −1.1 | −1.5 | |
| 45.5% | −2354.0% | −1706.0% | −1712.9% | |
| 0.1 | 1.8 | 1.7 | 1.8 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.5 | 0.4 | 0.4 | 0.2 | |
| – | −1.6 | 0 | 0 | |
| 0.3 | −1.3 | 0.2 | −0.1 | |
| −15.0% | 6.1% | −31.5% | 22.3% | |
| 0.4 | −1.2 | 0.3 | −0.1 | |
| – | minus 421.0% | – | minus 128.8% | |
| 0.73 | -2.35 | 0.48 | -0.14 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.3 | 5.3 | 5.3 | 5.3 | |
| −4.8 | −6 | −5.8 | −5.8 | |
| 1.4 | 1.8 | 2 | 1.1 | |
| 2.2 | 2.1 | 1.5 | 2.5 | |
| 4.1 | 3.2 | 3 | 3 | |
| 0.2 | 0.2 | 0.3 | 0.2 | |
| 0.5 | 0.1 | 0.1 | 0.1 | |
| 0.6 | 0.6 | 0.3 | 0.3 | |
| 2.7 | 2.3 | 2.3 | 2.4 | |
| 4.1 | 3.2 | 3 | 3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.5 | −0.6 | 0.4 | 0.8 | |
| 0.1 | 0.5 | −0.3 | −0.2 | |
| −1.1 | 0.1 | −0.3 | −0.6 | |
| 0.4 | −0 | −0.3 | 0 | |
| −0.1 | −0 | −0.2 | −0 | |
| 1.3 | −0.6 | 0.2 | 0.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.