Maharashtra Seamless Ltd.
*Maharashtra Seamless Ltd.*
C&H Pattern: Yrly Basis
Price BreakOut, Good to Go!!!
Vol. Consolidation & Continued Vol. BuiltUp.
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot:*
Estab. in ’88, part of DP Jindal Group. Mfg. Seamless Steel Pipes / Tubes.
Also in Renewable Power Generation (59.5 MW).
Prod. Capacity: SP (450,000 TPA) / ERW Pipes (1,25,000 TPA)
Acquired under IBC Proceedings in FY19, USTPL (Seamless Pipe Mfg. Capacity of 200,000 TPA).
Sound Leverage. Adequate ICR. Low Equity Base.
Improved RoA / RoE / RoCE over Past 3 Yrs. PE at 10.1x vs. Ind. PE at 17.6x
Rising Sales / Profitability: Qtrly (Fluctuating) / Yrly Basis.
Continuous Stake Increase by Promoters Since Sep’21
*Concern:*
Investments in Group Cos.: ~Rs.337 Crs (FY22 = ~7% of Equity).
Vulnerability to cyclicality associated with Oil / Gas industry.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
C&H Pattern: Yrly Basis
Price BreakOut, Good to Go!!!
Vol. Consolidation & Continued Vol. BuiltUp.
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot:*
Estab. in ’88, part of DP Jindal Group. Mfg. Seamless Steel Pipes / Tubes.
Also in Renewable Power Generation (59.5 MW).
Prod. Capacity: SP (450,000 TPA) / ERW Pipes (1,25,000 TPA)
Acquired under IBC Proceedings in FY19, USTPL (Seamless Pipe Mfg. Capacity of 200,000 TPA).
Sound Leverage. Adequate ICR. Low Equity Base.
Improved RoA / RoE / RoCE over Past 3 Yrs. PE at 10.1x vs. Ind. PE at 17.6x
Rising Sales / Profitability: Qtrly (Fluctuating) / Yrly Basis.
Continuous Stake Increase by Promoters Since Sep’21
*Concern:*
Investments in Group Cos.: ~Rs.337 Crs (FY22 = ~7% of Equity).
Vulnerability to cyclicality associated with Oil / Gas industry.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
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