Monday, April 4, 2016
Maharashtra Seamless Ltd @ 174.20
1. Maharashtra Seamless Ltd is a 5 rupee face value D B Jindal group company which makes seamless pipes.
Short Brief of Company business:-
What is seamless pipe?:-Seamless pipe as the name suggests is a pipe without a seam or a weld-joint in contrast to Seam or Welded pipe.
In a Seam or Welded pipe, the seam or the weld-joint is the weaker part of the pipe limiting the strength of the pipe to the strength of the weld-joint.
Whereas the seamless pipe does not have any such joint and thus has uniform structure & strength all over the pipe body.
Thus the seamless pipe can withstand higher pressure, higher temperature, higher mechanical stress & corrosive atmosphere and find wide applications in Oil & Gas, Refinery, Petrochemical, Chemical, Fertilizer, Power, Automotive, Bearing, Mechanical & Structural applications.
Since the commissioning of its 1st seamless pipe mill in 1992 MSL has always been a market leader in India.
In the subsequent years MSL added another two seamless mills to increase its volume and range.
Even today MSL continues to maintain its leadership position as the largest manufacturers of seamless pipes in India with 3 mills and a total capacity of 5,50,000 M.Tons per year.
MSL is also the only manufacturer in India to offer the maximum size range upto 20” catering to customers across all sectors.
From the early years MSL has been exporting its products to the oil-fields of the US.
Now MSL exports more than one-third of its volume to the markets of the US, Canada, Latin America, Europe, Africa & Asia company.
2. Year high of Maharashtra Seamless Ltd is 233.90 year low was 131.10 and stock traded at 174.20, Year high/ low ratio is below 2 so I think price of this stock is stable for fresh buy, If you are new reader of my blog and not familiar with my research terms then please see my research terms at this link
3. Promoters of Maharashtra Seamless Ltd hold 59.37 and Promoters increase their holding from 58.84% that’s great. See full list of public shareholding including FII and DII here:-
4.Here is the past few year dividend history of maharastra seamless:-
5. Base price of Maharashtra Seamless Ltd is 210.90 So After the recent breakout of today ( 4 Aprail 2016) stock still traded 17.53% Below from base price, So I think from 160 to 180 this stock is a great buy for long termClick here to download last 3 year closing price with graph
6. No any bonus issue right issue and bulk deals is recorded in last 2 year.
7. Maharashtra Seamless Ltd net sale per share of FY 14-15 is 202.
8. Net sale per share is also good and Stock is traded below his net sale per share.
9. Book value of Maharashtra Seamless Ltd is 337.95 So in book value term this stock is a value buy at CMP.
8. Overall I think Maharastra Seamless is a good long term investment for 1-2 year and due to recent breakout over 200 DMA this stock is also good for short term trading .
9. 200 DMA of Maharashtra Seamless Ltd is 160.40 So at CMP 174.20 today Maharastra Seamless give a positive breakout above 200 DMA and close @174 ,So I think between closing price 174 and 200 DMA 160.40 a huge difference so stock may accumulate in range of 165-180 for some time ( not sure may be) So watch and try to catch it near 165-175
10. My recent updates :- Himadri Chemical & Industries Ltd.
11. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog.
12.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Maharashtra Seamless Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Maharashtra Seamless Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Maharashtra Seamless Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Maharashtra Seamless Ltd). 6. I have been not engaged in market making activity for the subject company (Maharashtra Seamless Ltd).
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