Maharashtra Seamless Limited · NSE:MAHSEAMLES
Maharashtra Seamless — Q4 FY25 Earnings Presentation
22 slides from Maharashtra Seamless's earnings presentation, May 26, 2025
Slide 1: Exchange intimation letter: Earnings Presentation
E-Communication MSL/SEC/SE/2025-26 26 May 2025 BSE Limited National Stock Exchange of India Limited 25th Floor, P.J. Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Mumbai-400001 Bandra - Kurla Complex Bandra (E), Mumbai-400051 Stock Code: 500265 Scrip Code: MAHSEAMLES Sub: Earnings Presentation
Slide 2: Earnings Presentation Quarter ending 31 March 2025
Earnings Presentation Quarter ending 31 March 2025 26 May 2025 1
Slide 3: Forward Looking & Disclaimer Statement
Forward Looking & Disclaimer Statement This document contains “forward-looking statements” about our business, financial performance, skills and prospects. Statements about our plans, intentions, expectation, beliefs, estimates, prediction or similar expression for the future are forward-looking sta
Slide 4: Maharashtra Seamless – Segments & Capacities
Maharashtra Seamless – Segments & Capacities Seamless Pipes ERW Pipes Renewable Energy Rig • New generation • Maharashtra • Solar offshore jack up rig • 52.50 MW AC at • 450,000 mt/annum • API certified Maharashtra & • Dehired on 17 May • High frequency Rajasthan 2025 and currently • Telangana • PSL
Slide 5: Products & Industries served
Products & Industries served Industries Seamless ERW Others Served Pipes Pipes (Coated & Premium Connections, Pipe Fittings) Agriculture ✓ Automotive ✓ Bearing ✓ Chemical ✓ ✓ Drinking Water ✓ Engineering ✓ Fertilizers ✓ Housing ✓ Irrigation ✓ Mechanical ✓ Oil and Gas ✓ ✓ ✓ Petrochemical ✓ ✓ Power ✓
Slide 6: Quarterly Highlights – Maharashtra Seamless
Quarterly Highlights – Maharashtra Seamless Total revenue EBIDTA & EBIDTA margin 2400 420 36% 276 280 285 1382 1410 1456 1600 1259 1216 280 231 24% 23% 126 18% 20% 20% 800 140 12% Rs. crore Rs. crore 11% 0 0 0% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 PAT & PAT margin EP
Slide 7: Profit & Loss – Comparison
Profit & Loss – Comparison Rs. crore Particulars MSL Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Revenue from operations 1416 1408 1215 5266 5403 Add: Other income 40 2 44 197 141 Total revenue 1456 1410 1259 5463 5544 Less: Expenses Cost of materials consumed (903) (808) (780) (3286) (3250) Change of invento
Slide 8: Annual Highlights – Maharashtra Seamless
Annual Highlights – Maharashtra Seamless Total revenue EBIDTA & EBIDTA margin 7200 1500 1223 30% 5790 5544 5463 1038 4065 922 4800 1000 15% 23% 20% 20% 2316 446 18% 18% 2400 500 10% Rs. crore Rs. crore 603 0 0 0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 PAT & PAT margin EPS (on ex-bonus bas
Slide 9: Operational & Financial Performance
Operational & Financial Performance Particulars Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Seamless ERW Seamless ERW Seamless ERW Seamless ERW Seamless ERW Production (kMT) 118 29 122 10 95 24 442 91 394 100 Sales (kMT) 118 26 124 18 97 26 442 90 399 103 EBITDA (Rs. Cr) 188 68 248 5 216 31 720 89 1035 76 EBI
Slide 10: EBIDTA Mix – Maharashtra Seamless
EBIDTA Mix – Maharashtra Seamless Q4 FY25 Q3 FY25 Rs. crore 17 12 15 12 5 68 Total Total EBIDTA - 285 188 EBIDTA - 280 Seamless 248 ERW Renewable Energy Q4 FY24 FY25 18 11 46 Rig 67 31 89 Total Total EBIDTA - 276 EBIDTA - 922 216 720 www.alimtiaz.com 9
Slide 11: Key Balance Sheet Items
Key Balance Sheet Items Unquoted Equity/Preference Share investments & ICDs given Rs. crore Particulars March 25 March 24 March 23 Preference / Preference / Preference / Equity Equity Equity ICD ICD ICD Related Parties Jindal Premium Connections 4 5 4 3 4 3 MSL Finance 3 - 3 - 3 - Maharashtra Seamle
Slide 12: Key Balance Sheet Items
Key Balance Sheet Items Liquid investments Rs. crore Particulars March 25 March 24 March 23 • Investments in bonds are sub-divided Long duration into tax free bonds, perpetual bonds Bonds & NCD 638 696 291 and corporate bonds. Corporate Deposits (LIC & ICICI) 20 20 - Listed Equity Investments 16 22
Slide 13: Key Balance Sheet Items: Borrowings – Gross & Net Debt
Key Balance Sheet Items Borrowings – Gross & Net Debt Rs. crore Particulars March 25 March 24 March 23 Loan for Telangana plant acquisition - - - • Long term loans taken for Telangana plant Loan for rig acquisition - - 244 acquisition and rig acquisition were prepaid Gross Debt (A) - - 244 in full i
Slide 14: Key Balance Sheet Items
Key Balance Sheet Items Corporate Guarantee reduction schedule Rs. crore Particulars March 25 March 24 March 23 Discovery Drilling NIL NIL 181 • No corporate guarantees outstanding from 31 March 2024 onwards. • The timeline committed to shareholders 3 years ago for complete discharge of all corporat
Slide 15: Capital Allocation
Capital Allocation Industry and Market Trends Estimated annual Sl. Particulars Rs. crore Location turnover increase 1 Heat treatment, finishing facilities & EMI for capacity enhancement 184 Narketpally By Rs. 800 crores 2 Solar plant (captive) to enhance annual cost savings by Rs. 20 crore 80 (USTPL
Slide 16: Order book of MSL as on 20 May 2025
Order book of MSL as on 20 May 2025 Rs. crore Segment Maharashtra Telangana ERW Total % Remarks *Includes drill pipes ONGC & OIL 428* 84 - 512 32% orders of Rs. 51 crore ^Includes cylinder pipes Others 870 148^ 54 1072 68% orders of Rs. 89 crore Total 1298 232 54 1584 100% Our order book is supporte
Slide 17: Government Policies
Government Policies Anti-Dumping Duty: • The Ministry of Finance, on recommendation of Directorate General of Trade Remedies (DGTR), has extended anti-dumping duty by way of a minimum import price for a further period of 5 years from 28 October 2021 on various types of seamless pipes from China. Pol
Slide 18: Sales & Marketing Update
Sales & Marketing Industry Update and Market Trends New discoveries Suryamani and Vajramani, were made by ONGC in OALP-VI block MB-OSHP-2020/2 and OALP-III block MB-OSHP- 2018/1, both in the offshore Mumbai basin. In the Mahanadi basin discoveries were made in the MN-DWHP-2018/1 block, previously cl
Slide 19: Market Trends – Huge Potential
Market Trends – Huge Potential OPEC has revised its global oil demand in calendar year 2025 to 104 mn barrels per day with increased requirement being met from non-OPEC countries such as USA, Norway & Canada. Global oil demand will improve on account of increased air & road travel and infrastructure
Slide 20: Shareholding Structure – 31 March 2025
Shareholding Structure – 31 March 2025 17.55% 68.86% Key changes – Q4 FY25 v/s Q3 FY25 3.96% • Promoter holding increased to 68.86% Promoters 9.63% • FII holding increased from 9.12% to 9.63% FII • DII holding increased from 3.86% to 3.96% DII Others • FII + DII increased from 12.98% to 13.59% • No.
Slide 21: Marquee Customers
Marquee Customers Oil and Gas Infrastructure www.alimtiaz.com 20
Slide 22: Investor Contact
Investor Contact Kaushal Bengani Deputy General Manager Investor Relations & Finance Tel. No.: +91-124-4624177 E-Mail: kaushal@mahaseam.com www.jindal.com CIN: L99999MH1988PLC080545 21