Maharastra Seamless Stock Research

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Maharastra Seamless Detail

Maharastra Seamless is in portfolio of Akash Bhansali. He is one of the top investors in India. The company belongs to Steel sector.

As per the Company website it is in business of Seamless pipe and tubes manufacturing.The manufacturing location is situated in Raigad Maharastra with technical collaboration with Mannesmann Demag Huttentechnik Gmbh. The plant of one of its kind (out of three as of now) in whole World.

Below are list of different products created by the Company

  • Seamless pipes and tubes
  • ERW Pipe
  • Coated line pipe

It has also ventured into Renewal power generation.A wind power plant is commissioned in Maharastra and Solar power plant in Rajasthan. The Company is part of JP Jindal Group of Companies. Other Companies of this Group are Jindal pipes limited.

The Clientele of the Company includes Indian Oil Corporation, NTPC, L&T and others.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

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Maharastra Seamless Stock Performance

The stock was badly impacted by Global Crisis. It was unable to recover from that loss. If you see from year 2002 to 2008 it have around 10 times return to investors. The Global Crisis plumbed the stock prices and it started trading below 200 which was still more than 2002 price.

But since Global crisis stock mainly traded between 200 and 400 mark. It has not crossed the high made before the crisis as of now. Over last few years it has not performed. The price movement is range bound.

Dividend yield of the Company is good at more than 1%. Consistent dividend and good yield is always positive for the investors. It mean Company is sharing profit with investors.

Maharastra Seamless My Opinion

Maharastra Seamless is a Steel Company. The products created by the Company is used in wide range of industries like Oil and Gas, Hydro Carbon process, bearing Industry, Boiler and Heat exchanger, Plumbing and Fire fighting, General Engineering, Railways and Hydraulic cylinders.

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You can view it as a Business to Business Company. The idea behind incorporation of this Company was to bridge the gap between demand and supply. The gap between demand and supply was met with Imports. The Company wants to fill in this gap.

The local production will give the Company cost advantage and it can get the market share which was met with Imports. This is the reason Company was able to perform well in the initial years. The development in Industrial sector will raise demand for products of this Company.

I will not track this Company as I am not keen on investing in Steel sector.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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