CMP: 388

Maharashtra Seamless Ltd. manufactures carbon and alloy steel seamless pipes, ERW steel and castings pipes. The Company also owns a wind power mill.

Maharashtra Seamless is a decent bet in mid-cap space. Its currently trading at a P/E of little over 8 with good dividend yields of over 1% in the last 12 months. It runs at a debt of 77 Crores with 10 Croes cash in hand. Debt to Profits ratio is at very minimal and safe levels. Revenues have risen from 1395 Crores to 1783 Crores in the last 5 years. Profits have risen from 235 Crores to 347 Crores in the last 5 years. NPM has smartly moved up from 17% to over 19% in the last 5 years.