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Mahalaxmi Seamless

513460 BSE
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Mahalaxmi Seamless (MAHALXSE) share price was ₹10.75 at the 28 Oct 2026 close; market capitalisation ₹5.72 Cr; sector Industrial Products. The share price rose 28.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹0.62 Cr, against ₹0.45 Cr a year earlier and net profit was ₹0.16 Cr, against ₹0.09 Cr a year earlier (compared with Jun 2025). Promoters held 45.84% of Mahalaxmi Seamless in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 57/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹10.75 +2.00 +22.86% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹5.72 Cr
EBITDA
₹30.00 L
Return on Equity
13.54%
Debt to Equity
0
Book Value
−₹1.03
EPS (TTM)
−₹0.02
52W High
₹11.59
52W Low
₹7.05

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Welspun Corp
₹2,582.7029.5068,129 Cr7.440.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,229.6050.3661,907 Cr10.780.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,156.2028.7332,273 Cr2.800.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,338.2037.8716,389 Cr3.990.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹242.0028.2115,476 Cr1.230.82%7.53%10.94%18,622 Cr498 Cr
Usha Martin
₹453.8027.2713,829 Cr4.190.78%14.88%18.75%3,918 Cr508 Cr
Gallantt Ispat
₹561.7031.0813,553 Cr3.890.37%14.60%17.99%4,646 Cr436 Cr
Mahalaxmi Seamless (this company)
——6 Cr—0.00%13.54%12.00%2 Cr-0 Cr
Median 8 companies₹1,156.2029.5015,933 Cr3.990.38%14.07%17.16%11,512 Cr511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

57 Good
Overall score

Data confidence 86/100

Category scores

Quality Strong 77
Returns, margins, earnings quality 22% weight
Valuation Average 48
Cheap vs sector & own history 24% weight
Growth Average 53
Sales & profit trajectory 9% weight
Financial Health Poor 15
Solvency, leverage, coverage 9% weight
Momentum Strong 89
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Weaknesses

2
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.21% over past five years.

Technical Indicators

Oscillators

Bullish

Bearish
0
Neutral
6
Bullish
3

Overall

Bullish

Bearish
0
Neutral
6
Bullish
13

Moving Averages

Bullish

Bearish
0
Neutral
0
Bullish
10

Growth Rate

Revenue Growth
0% lower than 3Y

change over 1 year

Net Income Growth
-133% lower than 3Y

change over 1 year

Cash Flow Change
-21.43%

change over 1 year

EBITDA Margin Change
-56.5%

change over 1 year Operating margin 33.87% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.45
0.47
0.46
0.47
0.45
0.49
0.47
0.45
0.45
0.45
0.48
0.51
0.62
Expenses
0.24
0.28
0.29
0.3
0.26
0.31
0.29
0.27
0.23
0.27
0.33
0.77
0.41
Operating Profit
0.21
0.19
0.17
0.17
0.19
0.18
0.18
0.18
0.22
0.18
0.15
-0.26
0.21
OPM %
46.67%
40.43%
36.96%
36.17%
42.22%
36.73%
38.3%
40%
48.89%
40%
31.25%
-50.98%
33.87%
Other Income
0.01
-1.56
0.01
0.02
0.02
0.01
0
0
0.01
0.01
0.01
0
0.02
Interest
0.03
0.03
0.02
0.02
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.07
0.04
Depreciation
0.12
0.12
0.12
0.09
0.08
0.08
0.1
0.09
0.07
0.03
0.05
0.05
0.04
PBT
0.07
-1.52
0.04
0.08
0.08
0.06
0.03
0.04
0.11
0.11
0.06
-0.38
0.15
Tax %
28.57%
1.32%
25%
-162.5%
-12.5%
-16.67%
-33.33%
-100%
18.18%
9.09%
0%
-13.16%
0%
Net Profit
0.05
-1.54
0.03
0.21
0.08
0.06
0.04
0.07
0.09
0.1
0.06
-0.33
0.16
EPS (₹)
0.09
-2.92
0.06
0.4
0.15
0.11
0.08
0.13
0.17
0.19
0.11
-0.62
0.3
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
18.62
11.04
10.72
3.9
1.87
1.87
1.91
2.02
1.83
1.84
1.86
1.89
2.06
Expenses
18.07
11.08
12.34
3.59
1.21
1.25
0.97
0.99
1
1.09
1.18
1.6
1.78
Operating Profit
0.55
-0.04
-1.62
0.31
0.66
0.62
0.94
1.03
0.83
0.75
0.68
0.29
0.28
OPM %
2.95%
-0.36%
-15.11%
7.95%
35.29%
33.16%
49.21%
50.99%
45.36%
40.76%
36.56%
15.34%
13.59%
Other Income
0.93
0.15
0.63
-0.2
0.11
0.28
0.33
0.13
0.09
-1.53
0.03
0.02
0.04
Interest
0.9
0.93
0.62
0.51
0.3
0.43
0.46
0.19
0.11
0.1
0.21
0.21
0.21
Depreciation
0.65
0.59
0.6
0.6
0.6
0.58
0.55
0.52
0.47
0.44
0.31
0.2
0.17
PBT
-0.07
-1.41
-2.21
-1
-0.13
-0.11
0.26
0.45
0.34
-1.32
0.19
-0.1
-0.06
Tax %
85.71%
3.55%
2.71%
0%
-30.77%
-9.09%
-53.85%
-20%
-14.71%
-6.82%
-31.58%
-20%
—
Net Profit
-0.13
-1.46
-2.28
-1
-0.09
-0.09
0.4
0.54
0.39
-1.24
0.25
-0.07
-0.01
EPS (₹)
-0.25
-2.76
-4.32
-1.89
-0.17
-0.17
0.76
1.02
0.74
-2.35
0.47
-0.13
-0.02
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5.29
5.29
5.29
5.29
5.29
5.28
5.28
5.28
5.28
5.28
5.28
5.28
Reserves
-1.18
-2.65
-4.92
-5.92
-6.01
-6.09
-5.69
-5.15
-4.76
-6.01
-5.75
-5.82
Borrowings
4.71
8.04
4.76
4.19
6.32
5.47
4.9
1.84
1.36
1.54
2.34
1.94
Other Liabilities
7.89
5.08
4.66
3.34
3.03
2.9
2.72
2.35
2.22
2.34
1.1
1.61
Total Liabilities
16.71
15.76
9.79
6.9
8.63
7.56
7.21
4.32
4.1
3.15
2.97
3.01
Fixed Assets
6.82
6.35
5.88
5.4
4.8
4.23
3.69
3.18
2.85
2.42
2.21
2.02
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0.03
Other Assets
9.89
9.41
3.91
1.5
3.83
3.33
3.52
1.14
1.25
0.73
0.76
0.96
Total Assets
16.71
15.76
9.79
6.9
8.63
7.56
7.21
4.32
4.1
3.15
2.97
3.01
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1.69
-2.72
1.11
1.3
0.58
0.5
0.69
-5
0.82
-0.61
0.42
0.33
Investing
0.59
-0.32
0.93
-0.07
-2.36
0.85
0.25
8.07
0.06
0.53
-1.26
-0.42
Financing
-2.01
2.6
-2.05
-1.48
1.71
-1.27
-0.93
-2.98
-0.47
0.07
-0.34
-0.56
Net Cash Flow
0.27
-0.43
-0.01
-0.25
-0.07
0.08
0.01
0.1
0.4
-0.01
-1.17
-0.64
Free Cash Flow
1.69
-2.83
1.16
1.17
0.58
0.49
0.68
-5.01
0.67
-0.62
-0.28
0.33
CFO/EBITDA
307
6,625
-75
435
106
87
83
58
99
-81
62
114
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
57.83
31.08
10.21
16.85
31.23
33.18
42.04
34.33
9.97
7.93
31.4
30.9
Inventory Days
151
474
155
12.71
—
—
—
—
—
—
—
—
Days Payable
201
227
133
147
—
—
—
—
—
—
—
—
Cash Conversion Cycle
8.51
278
31.56
-118
31.23
33.18
42.04
34.33
9.97
7.93
31.4
30.9
Working Capital Days
-43.91
-93.23
-131
-143
-287
-191
-170
-65.05
-195
-389
-349
-290
ROCE %
8.87%
-4.51%
-22.52%
-5.29%
3.71%
6.24%
15.74%
19.81%
23.38%
26.02%
29.85%
6.73%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Mahalaxmi Seamless insights

63 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

Promot.45.84%Others13.79%Public40.38%As ofSep 2026

Documents

Frequently Asked Questions about Mahalaxmi Seamless

What does Mahalaxmi Seamless Ltd do?
Incorporated in 1992, Mahalaxmi Seamless Ltd is in the business of Cold drawn Seamless Pipes and Tubes[1]
Where is Mahalaxmi Seamless Ltd (MAHALXSE) listed?
Mahalaxmi Seamless Ltd trades under code 513460 on the BSE.
Which sector does Mahalaxmi Seamless Ltd belong to?
Mahalaxmi Seamless Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Mahalaxmi Seamless Ltd?
Mahalaxmi Seamless Ltd has a market capitalisation of ₹5.72 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Mahalaxmi Seamless Ltd?
Over the last 52 weeks Mahalaxmi Seamless Ltd has traded between ₹7.05 and ₹11.59 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Mahalaxmi Seamless Ltd?
Mahalaxmi Seamless Ltd reported a return on equity of 13.54%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1992, Mahalaxmi Seamless Ltd is in the business of Cold drawn Seamless Pipes and Tubes[1]

Website mls.com, www.mahalaxmitubes.com
Face Value ₹ 10
Shares Outstanding 53,19,149

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