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Maharashtra Seamless Ltd

Q1 FY27Industrial Products

Maharashtra Seamless Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 investor presentation: what the company reported on revenue, margins and capex.

Based on Maharashtra Seamless Ltd's Q1 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

Price₹709
Market cap₹9.6K Cr
P/E13.0

The short version

Revenue (Q1 FY27): Rs. 1,091 crore from operations (Page 7). EBITDA for Q1 FY27: Rs. 184 crore (down from Rs. 239 crore in Q4 FY26; Rs. 169 crore in Q1 FY26).

From Maharashtra Seamless Ltd's Q1 FY27 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

  • Revenue (Q1 FY27): Rs. 1,091 crore from operations (Page 7)
  • Revenue (Q1 FY26): Rs. 1,143 crore from operations, indicating a ~4.5% decline year-on-year (Page 7)
  • Sales Volume (Q1 FY27):
  • Seamless pipes: 96 kMT
  • ERW pipes: 20 kMT (Page 9)
  • Sales Volume (Q1 FY26):
  • Seamless pipes: 103 kMT

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Profitability & Margins

See what Maharashtra Seamless Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

- Total planned capital expenditure: Rs. 852 crore, funded fully from accumulated cash and internal accruals (Page 15). - Key projects and estimated annual turnover increases: • Heat treatment, finishing facilities & EMI capacity enhancement at Narketpally (USTPL) – Rs. 184 crore; turnover increase by Rs. 800 crore. • Solar plant (captive) for cost savings – Rs. 80 crore; annual cost savings by Rs. 20 crore. • Complete line for cold drawn pipes including pilger & drawbench at Mangaon (MSL) – Rs. 100 crore; turnover increase by Rs. 50 crore. • OCTG line & billet pre-heating surface – Rs. 95 crore; turnover increase by Rs. 50 crore. • Hot mill upgrade to PQF (14”) at Nagothane (MSL) – Rs. 350 crore; turnover increase by Rs. 1000 crore. • EMI machine (14”), 3 Roll sizing mill (14”) – Rs. 22 crore (normal replacement). • Flying saw & Ultrasonic Testing Machine (7”) – Rs. 10 crore. • Mill upgrade including annealer, hydro, Ultrasonic Testing (ERW) – Rs. 6 crore.

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
1Susan Electrical
Rev 1Mar 1
2BMW Industries
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Maharashtra Seamless Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • As of 31 July 2026, Maharashtra Seamless Limited's order book totals Rs. 1,709 crore.
  • Breakdown by segment and region:
  • ONGC & Oil India Limited: Rs. 714 crore (42%), includes drill pipes orders worth Rs. 2 crore.
  • Others: Rs. 995 crore (58%), includes cylinder pipe orders worth Rs. 100 crore.
  • The company has back-to-back booking of raw materials, which helps in locking margins and mitigating raw material price volatility.
  • Orders for subsea sour service seamless pipes and drill pipes have been dispatched; fresh orders for drill pipes are awaited.

2 more points from Maharashtra Seamless Ltd's call on order book

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Maharashtra Seamless Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.3K Cr, net profit ₹103 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Maharashtra Seamless's management said in earlier quarters

Earlier calls (7)

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Frequently Asked Questions

What were Maharashtra Seamless Ltd Q1 FY27 results?

Revenue (Q1 FY27): Rs. 1,091 crore from operations (Page 7). EBITDA for Q1 FY27: Rs. 184 crore (down from Rs. 239 crore in Q4 FY26; Rs. 169 crore in Q1 FY26).

What is Maharashtra Seamless Ltd share price analysis?

Maharashtra Seamless Ltd currently shows a neutral. The stock trades at a P/E of 13.0 with a market cap of ₹9,615 Cr. Investors should review the full earnings analysis for detailed insights.

Is Maharashtra Seamless Ltd planning capital expenditure?

Total planned capital expenditure: Rs. 852 crore, funded fully from accumulated cash and internal accruals (Page 15).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.