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 :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.