Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Maharashtra Seamless Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,633 | 1,223 | 1,535 | 1,431 | 1,215 | 1,151 | 1,292 | 1,408 | 1,418 | 1,145 | 1,159 | 1,090 | 1,280 |
| Expenses + | 1,319 | 988 | 1,207 | 1,065 | 945 | 1,032 | 1,065 | 1,132 | 1,133 | 980 | 1,040 | 941 | 1,046 |
| Operating Profit | 314 | 235 | 328 | 366 | 270 | 119 | 227 | 276 | 285 | 165 | 119 | 149 | 234 |
| OPM % | 19% | 19% | 21% | 26% | 22% | 10% | 18% | 20% | 20% | 14% | 10% | 14% | 18% |
| Other Income + | 27 | 33 | 30 | 35 | 44 | 65 | 91 | 2 | 40 | 160 | 76 | 200 | -51 |
| Interest | 6 | 7 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 34 | 34 | 26 | 26 | 24 | 25 | 25 | 25 | 25 | 25 | 25 | 29 | 31 |
| Profit before tax | 301 | 228 | 331 | 374 | 290 | 158 | 292 | 252 | 299 | 300 | 169 | 319 | 151 |
| Tax % | -24% | 9% | 24% | 26% | 25% | 18% | 25% | 26% | 19% | 23% | 26% | 24% | 32% |
| Net Profit + | 373 | 207 | 251 | 276 | 218 | 129 | 220 | 186 | 242 | 230 | 125 | 243 | 103 |
| EPS in Rs | 27.62 | 15.42 | 18.69 | 20.59 | 16.30 | 9.65 | 16.42 | 13.89 | 18.06 | 17.19 | 9.35 | 18.13 | 7.67 |
Financials of Maharashtra Seamless Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,355 | 1,019 | 1,434 | 2,150 | 3,052 | 2,645 | 2,308 | 4,211 | 5,716 | 5,404 | 5,269 | 4,674 |
| Expenses + | 1,249 | 980 | 1,209 | 1,839 | 2,383 | 2,135 | 1,867 | 3,628 | 4,705 | 4,205 | 4,361 | 4,007 |
| Operating Profit | 105 | 38 | 225 | 311 | 669 | 509 | 441 | 583 | 1,011 | 1,199 | 908 | 668 |
| OPM % | 8% | 4% | 16% | 14% | 22% | 19% | 19% | 14% | 18% | 22% | 17% | 14% |
| Other Income + | 74 | 57 | 76 | 99 | -117 | -197 | -91 | 111 | 88 | 142 | 196 | 385 |
| Interest | 20 | 26 | 34 | 42 | 39 | 64 | 56 | 45 | 38 | 8 | 3 | 3 |
| Depreciation | 31 | 71 | 71 | 76 | 80 | 88 | 121 | 138 | 138 | 110 | 101 | 110 |
| Profit before tax | 129 | -2 | 196 | 292 | 433 | 161 | 173 | 511 | 924 | 1,223 | 1,000 | 939 |
| Tax % | 29% | 1,521% | 41% | 31% | 53% | 29% | 30% | -35% | 17% | 22% | 22% | 25% |
| Net Profit + | 118 | -24 | 116 | 200 | 202 | 115 | 121 | 692 | 768 | 952 | 777 | 701 |
| EPS in Rs | 8.79 | -1.81 | 9.21 | 15.73 | 17.48 | 6.26 | 7.32 | 51.62 | 57.07 | 71.00 | 58.03 | 52.34 |
| Dividend Payout % | 28% | -69% | 27% | 19% | 17% | 20% | 24% | 5% | 9% | 14% | 17% | 19% |
Financials of Maharashtra Seamless Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 67 | 67 | 67 | 67 |
| Reserves | 2,763 | 2,549 | 2,650 | 2,896 | 3,037 | 3,171 | 3,265 | 3,951 | 4,707 | 5,664 | 6,273 | 6,809 |
| Borrowings + | 916 | 665 | 703 | 626 | 1,059 | 1,145 | 922 | 709 | 244 | 0 | 0 | 13 |
| Other Liabilities + | 313 | 436 | 470 | 483 | 666 | 889 | 1,135 | 695 | 841 | 852 | 693 | 849 |
| Total Liabilities | 4,026 | 3,684 | 3,856 | 4,039 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,583 | 7,033 | 7,739 |
| Fixed Assets + | 1,472 | 1,121 | 1,095 | 1,235 | 1,173 | 2,364 | 2,268 | 2,135 | 2,016 | 1,950 | 1,864 | 1,863 |
| CWIP | 37 | 31 | 119 | 17 | 23 | 29 | 9 | 13 | 14 | 3 | 14 | 72 |
| Investments | 1,373 | 1,444 | 1,529 | 1,461 | 1,276 | 1,007 | 1,071 | 646 | 1,177 | 2,098 | 2,892 | 3,821 |
| Other Assets + | 1,143 | 1,088 | 1,113 | 1,326 | 2,322 | 1,840 | 2,008 | 2,593 | 2,651 | 2,533 | 2,263 | 1,983 |
| Total Assets | 4,026 | 3,684 | 3,856 | 4,039 | 4,795 | 5,239 | 5,356 | 5,388 | 5,859 | 6,583 | 7,033 | 7,739 |
Financials of Maharashtra Seamless Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 104 | 122 | 241 | 93 | -183 | 748 | 447 | -269 | 912 | 1,041 | 610 | 933 |
| Cash from Investing Activity + | -630 | 12 | -107 | 13 | -161 | -730 | -183 | 563 | -386 | -722 | -486 | -775 |
| Cash from Financing Activity + | 527 | -141 | -133 | -95 | 387 | 7 | -285 | -286 | -542 | -320 | -136 | -123 |
| Net Cash Flow | 2 | -6 | 2 | 10 | 44 | 25 | -21 | 8 | -17 | 0 | -13 | 36 |
| Free Cash Flow | -48 | 109 | 108 | -10 | -206 | -98 | 428 | -277 | 893 | 1,009 | 586 | 765 |
| CFO/OP | 132% | 378% | 139% | 57% | -1% | 172% | 106% | -49% | 97% | 105% | 86% | 165% |
Financials of Maharashtra Seamless Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 96 | 79 | 66 | 59 | 50 | 75 | 48 | 41 | 35 | 45 | 44 |
| Inventory Days | 189 | 246 | 192 | 132 | 150 | 172 | 255 | 182 | 148 | 175 | 148 | 140 |
| Days Payable | 28 | 65 | 55 | 34 | 53 | 129 | 194 | 61 | 29 | 32 | 17 | 31 |
| Cash Conversion Cycle | 241 | 277 | 215 | 165 | 155 | 93 | 135 | 169 | 160 | 178 | 176 | 153 |
| Working Capital Days | 139 | 165 | 103 | 155 | 196 | 105 | 135 | 148 | 130 | 137 | 133 | 397 |
| ROCE % | 3% | 0% | 6% | 9% | 18% | 11% | 9% | 12% | 20% | 23% | 17% | 14% |