Maharashtra Seamless Limited — Investor Meet, 30-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Maharashtra Seamless (MSL) Q1 FY26: Revenue at Rs 1,303 Cr, EBITDA at Rs 169 Cr (15% margin), and PAT at Rs 234 Cr (20% margin). While revenue and EBITDA declined QoQ, PAT improved. The company's net cash position is robust at Rs 2,914 Cr.

MSL has an order book of Rs 1,149 Cr. Capital expenditure of Rs 852 Cr for capacity expansion and value-added products (e.g., cylinder, subsea, drill pipes) will be fully funded internally. Despite short-term tender slowdowns in oil & gas, MSL sees future growth from pipeline projects, City Gas Distribution, and India's increasing energy demand. Promoter, FII, and DII holdings all increased, indicating positive investor confidence.