About Maharashtra Seamless Ltd 
Maharashtra Seamless Ltd
Mid Cap
Steel/Sponge Iron/Pig Iron
Maharashtra Seamless Limited (MSL), incorporated on 10th May 1988, is the flagship company of the well-diversified DP Jindal Group. The Company manufacture seamless pipes & tubes with the finest quality and wide product range using the world renowned CPE technology. MSL made a foray in the ERW pipe category in the year 2000. The Company has also diversified into renewable power generation and rig operations.
Company Coordinates 
Company Details
Pipe Nagar Village Sukeli, NH 17 B K G Road Roha Taluk Raigad Maharashtra : 402126
Registrar Details
Alankit Assignments Ltd , Alankit House , 2 E/21, Jhandewala Extension, New Delhi
Capital Structure 
Present Equity Capital
INR 67.00 Cr
Number of Shares
13.4 Cr
Face Value
INR 0.0
Date
Number
of Shares(Cr)
of Shares(Cr)
Equity
Capital (Rs Cr)
Capital (Rs Cr)
Shares Added
Face Value (Rs)
Reason
25-Nov-2022
13.4
67.00
66999626
0
Bonus Issue
25-Nov-2022
13.4
67.00
66992026
5
Bonus Issue
07-Apr-2014
6.7
33.50
-295000
5
Buy Back of Shares
07-Apr-2014
6.7
33.50
-295000
5
Buy Back of Shares
03-Apr-2014
6.77
33.85
-100000
5
Buy Back of Shares
03-Apr-2014
6.73
33.65
-400000
5
Buy Back of Shares
03-Apr-2014
6.77
33.85
-100000
5
Buy Back of Shares
03-Apr-2014
6.73
33.65
-400000
5
Buy Back of Shares
02-Apr-2014
6.83
34.13
-18498
5
Buy Back of Shares
02-Apr-2014
6.78
33.90
-465000
5
Buy Back of Shares
Shareholding Snapshot
Shareholding Compare (%holding) 
Majority shareholders
Promoters
Pledged Promoter Holdings
None
Mutual Funds
Held by 18 Schemes (3.06%)
FIIs
Held by 174 FIIs (9.63%)
Promoter with highest holding
Stable Trading Co Limited (17.71%)
Highest Public shareholder
Quant Mutual Fund - Quant Active Fund (2%)
Individual Investors Holdings
11.95%
Management
Designation
Remuneration
D P Jindal
Non Executive Chairman
4.7 lacs
Saket Jindal
Managing Director
5.04 cr
P N Vijay
Independent Non Exe. Director
4.55 lacs
Sanjeev Rungta
Independent Non Exe. Director
4.55 lacs
Ashok Bhandari
Independent Non Exe. Director
3.95 lacs
Roma Kumar
Independent Non Exe. Director
4.1 lacs
S P Raj
Whole-time Director
3.75 lacs
Raghav Jindal
Joint Managing Director
3.06 cr
Raw Materials Dashboard 
Raw Materials
Amount(Rs Cr)
% of RM Cost
No Data Available for Raw Material Segmentation
No Data Available
Finished Goods Dashboard 
Finished Goods
Amount(Rs Cr)
% of Sales Turnover
Export Incentives
0.21
0.01%
Export Incentives
Export Incentives
Revenue and Profits:
Net Sales:
1,408 Cr
(Quarterly Results - Dec 2024)
Net Profit:
186 Cr
Steel/Sponge Iron/Pig Iron
INR 8,863 Cr (Mid Cap)
11.00
29
1.58%
-0.27
14.19%
1.42