Name of Company | Maharashtra Seamless |
BSE Code | 500265 |
NSE Code | MAHSEAMLES |
ICICI Code | |
Established | |
My Take | Like |
Headquarters | Raigad, Maharashtra |
Promoters | DP Jindal group |
Story | |
Sector | Pipes |
Sub-sector | Seamless pipes |
Website | |
Positives | Regular dividend paying company yield of more than 1%. Good NPMs of 12 to 17%. Seamless pipes are used in Gas exploration and industrial boilers |
Negatives | Moderate and volatile topline. BSE website does not show any reserves for FY10 (but moneycontrol does). |
Peers | Jindal Saw, Welspun corp, |
News | |
Price @ blogged | 347 (19-Feb-11) |
Cost of company | 2454 Cr market cap for a Fy10 profit of 283 makes it less than 10 times. This is slightly cheap for a regularly profitable, low debt (80Cr) and 1500 Cr reserve company. |
Feb 19, 2011
Maharashtra seamless - 500265
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Epic Research seems about MCX Crude oilfutures are trading at Rs 5535 per barrel, down Rs 21 per barrel on the day.
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