IPO Plus

₹10.75

▲ +0.41 +3.97%

28 Oct 2026

BSE Listed

GSM · GSM 2
What does GSM · GSM 2 mean?
BSE · Graded Surveillance Measure (GSM 2)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).Exchange notice · 2026-06-25

Mahalaxmi Seamless Ltd. (513460)

Volume: 100Avg Vol 1W: 1,786Avg Vol 1M: 1,01652W Range:₹7.05₹11.59
BSE www.mls.com, www.mahalaxmitubes.com AI Report
Key Ratios
Checked 1h ago
Market Cap₹6 Cr
Current Price₹10.75
Previous Close₹10.34
High / Low (52w)₹11.59 / ₹7.05
Volume100
Avg Vol (1W)1,786
Avg Vol (1M)1,016
Stock P/E—
Book Value₹-1.03
Dividend Yield0%
ROE13.56%
ROA-33.22%
Revenue (TTM)—
Revenue Growth—
Profit Margin-48.54%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B—
Debt / Equity0
50 DMA₹9.94
200 DMA₹8.99
Day change+3.97%
SurveillanceGSM · GSM 2
Price Chart
₹10.75▲ 28.90% · 1Y
₹11₹726K
2025-10-28
2026-10-28

20-day avg volume: 1K shares

Pros
  • Company is almost debt-free.
Cons
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr
EBITDA₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr
EPS-0.17-0.170.761.020.73-2.350.48-0.14
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹9 Cr₹8 Cr₹7 Cr₹4 Cr₹4 Cr₹3 Cr₹3 Cr₹3 Cr
Total Liabilities₹9 Cr₹8 Cr₹8 Cr₹4 Cr₹4 Cr₹4 Cr₹3 Cr₹4 Cr
Equity₹-1 Cr₹-1 Cr₹0 Cr₹0 Cr₹1 Cr₹-1 Cr₹0 Cr₹-1 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr
Investing₹0 Cr₹8 Cr₹0 Cr₹1 Cr₹-1 Cr₹0 Cr
Financing₹-1 Cr₹-3 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr
Free Cash Flow₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr
Shareholding
Promoter 45.84% Institutions 0% Public 54.16%
Efficiency & Working Capital
ROCE10.1%
Interest Coverage0.6
Dividend Payout—
Debtor Days32 d
Inventory Days0 d
Payable Days45 d
Cash Conversion Cycle-13 d
Working Capital Days32 d
Shareholding Details

As of 2026-09-30

Promoter45.8%
FII0%
DII0%
Institutions0%
Public54.2%
Promoter Pledge0%
No. of Shareholders5,601
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters45.5%45.8%45.8%45.8%45.8%45.8%45.8%45.8%45.8%45.8%45.8%45.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public54.5%54.2%54.2%54.2%54.2%54.2%54.2%54.2%54.2%54.2%54.2%54.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders5,3265,3015,3475,4165,5865,5815,5545,6465,6615,6365,6355,601
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Vivek Madhavprasad JalanShareholding of Promoter and Promoter Group20.1%10,59,492
Sampathidevi Madhavprasad JalanShareholding of Promoter and Promoter Group16.4%8,67,844
Narendra SakariyaShareholding of Promoter and Promoter Group9.2%4,87,420
Megh Sakariya International Private LimitedPublic Shareholding8.7%4,57,749
Prakash LalaPublic Shareholding1%55,088
Rekha DalalShareholding of Promoter and Promoter Group0.1%6,000
Board of Directors
NameDesignationYear
Madhav Prasad JalanWhole Time Director2025
Vivek JalanWhole Time Director2025
Chandrashekar R. KulkarniIndependent Director2025
Mala SharmaWhole Time Director2025
Aditya Kumar ModaDirector2025
Elangovan RamnathanAddtnl Non-Exe Dir &Indpnt Dir2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10655
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000101
2026000000
2026000101
Substantial Acquisitions (SAST)

2 disclosure(s)

NULL15/07/2026 · 5,51,412
NULL15/07/2026 · 5,51,412
Company Information
Incorporated1991
AuditorAgrawal Jain & Co.
Investor Email[email protected]; [email protected]; ac
🌐 www.mls.com, www.mahalaxmitubes.com ↗

📍 Pipenagar (Sukeli), Via Nagothane Tal Roha, Raigad, Maharashtra, 402126

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