maharashtra seamless share gave 380 percent return in three years

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New Delhi : Maharashtra Seamless Limited has given multibagger returns to its shareholders in the last three years. The share price of the company increased from Rs 112.60 as on Sep 11, 2020 to Rs 551.80 as on Sep 5, 2023 during this period. This is a growth of over 380% over a one-year holding period. Today the stock opened at Rs.568. It touched a high of Rs 570.45 and a low of Rs 547.55 in afternoon trade. It is currently trading at Rs 554.80, a loss of 2.34%. An investment of Rs 1 lakh in the shares of this company three years ago would have become Rs 4.80 lakh today.

Maharashtra Seamless Ltd’s revenue declined 8.35% year-on-year (YoY) to Rs 1222.94 crore in the first quarter of FY24. However, the company’s operating profit and profit after tax (PAT) grew by 18.90% YoY and 47.23% YoY to Rs 277.34 crore and Rs 215.34 crore, respectively.

Recently, the company has received fresh orders from Oil India Limited and IOCL Limited for the supply of seamless pipes aggregating to Rs.157 crores.
Maharashtra Seamless Limited is a part of the DP Jindal Group. The company manufactures seamless pipe with an estimated 4,50,000 TPA2 production capacity and ERW pipe with an estimated 1,25,000 TPA1 production capacity at its manufacturing facility in Raigarh, Maharashtra.

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