Maharashtra Seamless Limited · NSE:MAHSEAMLES
Maharashtra Seamless — Q1 FY27 Earnings Presentation
22 slides from Maharashtra Seamless's earnings presentation, Aug 7, 2026
Slide 1: Exchange filing cover letter: Earnings Presentation
E-Communication MSL/SEC/SE/2026-27 07 August 2026 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 Presentat
Slide 2: Earnings Presentation Quarter ending 30 June 2026
Earnings Presentation Quarter ending 30 June 2026 07 August 2026 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 • Maharashtra • Solar • 50 MW AC at • New generation • 450,000 mt/annum • API certified Maharashtra & offshore jack up rig • High frequency Rajasthan • Telangana • PSL 2 • On 3 year contract • 125,000 mt/annum
Slide 5: Products & Industries served
Products & Industries served Industries ERW Others Seamless 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 300 30% 239 1600 169 184 1303 1234 1290 1232 1266 200 153 20% 123 19% 17% 800 100 15% 14% 10% Rs. crore Rs. crore 11% 0 0 0% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 PAT & PAT margin EP
Slide 7: Profit & Loss – Comparison
Profit & Loss – Comparison Particulars MSL Rs. crore Q1 FY27 Q4 FY26 Q1 FY26 FY26 FY25 Revenue from operations 1091 1280 1143 4671 5266 Add: Other income 175 (48) 160 387 197 Total revenue 1266 1232 1303 5059 5463 Less: Expenses Cost of materials consumed (742) (784) (797) (2945) (3286) Change of in
Slide 8: Annual Highlights – Maharashtra Seamless
Annual Highlights – Maharashtra Seamless Total revenue EBIDTA & EBIDTA margin 7200 1500 30% 5790 5544 5463 1223 5059 1038 4065 922 4800 1000 23% 20% 603 684 18% 18% 2400 500 15% 15% 10% Rs. crore Rs. crore 0 0 0% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 PAT & PAT margin EPS (on ex-bonus bas
Slide 9: Operational & Financial Performance
Operational & Financial Performance Particulars Q1 FY27 Q4 FY26 Q1 FY26 FY26 FY25 Seamless ERW Seamless ERW Seamless ERW Seamless ERW Seamless ERW Production (kMT)* 97 19 113 33 109 22 422 96 442 91 Sales (kMT) 96 20 112 30 103 20 419 92 442 90 EBITDA (Rs. Cr) 151 2 173 34 126 19 527 62 720 89 EBITD
Slide 10: EBIDTA Mix – Maharashtra Seamless
EBIDTA Mix – Maharashtra Seamless Q1 FY27 Q4 FY26 Rs. crore 14 14 18 17 2 34 Total Total EBIDTA - 184 EBIDTA - 239 Seamless 173 151 ERW Renewable Energy Q1 FY26 FY26 6 25 Rig 18 70 62 19 Total Total EBIDTA - 169 EBIDTA - 684 126 527 www.alimtiaz.com 9
Slide 11: Key Balance Sheet Items
Key Balance Sheet Items Unquoted Equity/Preference Share investments & ICDs given Rs. crore Particulars June 26 March 26 March 25 Preference / Equity ICD Equity ICD Equity ICD Related Parties Jindal Premium Connections 4 14 4 10 4 5 MSL Finance 3 - 3 - 3 - Maharashtra Seamless (Singapore) 17 - 17 -
Slide 12: Key Balance Sheet Items
Key Balance Sheet Items Liquid investments Rs. crore Particulars June 26 March 26 March 25 • Investments in bonds are sub-divided into tax free bonds, perpetual bonds Long duration and corporate bonds. Bonds & NCD 303 338 638 • The investment in bonds because of Corporate Deposits (LIC & ICICI) 20 2
Slide 13: Key Balance Sheet Items
Key Balance Sheet Items Borrowings – Gross & Net Debt Rs. crore Particulars June 26 March 26 March 25 Loan for capex 10 10 - Gross Debt (A) 10 10 - Less: Liquid investments (refer slide 11) (3848) (3860) (2630) ICDs – unrelated parties (refer slide 10) - - - Liquidity available (B) (3848) (3860) (26
Slide 14: Key Balance Sheet Items
Key Balance Sheet Items Corporate Guarantees Rs. crore Particulars June 26 March 26 March 25 Corporate Guarantees NIL NIL NIL • No corporate guarantees outstanding from 31 March 2024 onwards. www.alimtiaz.com 13
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 31 July 2026
Order book of MSL as on 31 July 2026 Rs. crore Segment Maharashtra Telangana ERW Total % Remarks *Includes drill pipes ONGC & OIL 714* - - 714 42% orders of Rs. 2 crore ^Includes cylinder pipes Others 660 160^ 175 995 58% orders of Rs. 100 crore Total 1374 160 175 1709 100% Our order book is support
Slide 17: Government Policies
Government Policies Anti-Dumping Duty: • The Ministry of Finance, on recommendation of Directorate General of Trade Remedies (DGTR), has implemented anti-dumping duty by way of a minimum import price for a period of 5 years from 28 October 2021 on various types of seamless pipes from China. As an in
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 guided for global oil demand in calendar year 2026 to 106.52 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 infrastructu
Slide 20: Shareholding Structure – 30 June 2026
Shareholding Structure – 30 June 2026 16.16% 70.28% Key changes – Q1 FY27 v/s Q4 FY26 3.84% • Promoter holding remains at 70.28% • FII holding increased from 9.58% to 9.72% Promoters 9.72% FII • DII holding increased from 3.29% to 3.84% DII • FII + DII increased from 12.87% to 13.56% Others • No. of
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