Maharashtra Seamless declined 2.62% to Rs 293.15 at 12:09 IST on BSE after the company said it had got export order worth $45 million from US and a domestic order worth Rs 86 crore from Indian Oil Corporation.
The stock hit a high of Rs 297.95 and a low of Rs 282.80. The stock had a 52-week high of Rs 675 on
The company has an equity capital of Rs 35.27 crore. Face value per share is Rs 5.
The current price of Rs 293.15 discounts its Q4 March 2008 annualised EPS of Rs 30.65, by a PE multiple of 9.56.
Maharashtra Seamless’ total order book position stands at Rs 550 crore for seamless pipes and Rs 100 crore for electric resistance welded (ERW) pipes.
The company’s net profit rose 1.8% to Rs 54.05 crore on 4.8% rise in sales to Rs 384.31 crore in Q4 March 2008 over Q4 March 2007.
Maharashtra Seamless manufactures carbon and alloy steel seamless pipes. Seamless pipes find application in oil exploration, boilers, ball bearings, roller bearings, automobiles, fertilizers and petrochemicals
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