Maharashtra Seamless: order book grows, margins hit by inventory accounting
Maharashtra Seamless reports order book above INR 2,200 crore as oil and gas demand grows, while Q2 margins are temporarily pressured by inventory valuation.
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what happened
The order book of India's Maharashtra Seamless rose above INR 2,200 crore as demand from oil and gas customers improved. However, second-quarter EBITDA per ton was pressured by notional inventory valuation, according to TradingView.
Management expects this drag to reverse as dispatches go out, and the company stays on track for 430,000 tons of seamless dispatches in FY27.
why it matters
For investors, the key point is that the company describes the margin hit as temporary and tied to inventory accounting rather than weaker demand. Whether the reversal materializes will show up in upcoming shipment and margin data.
market impact
Maharashtra Seamless: temporary margin pressure from inventory accounting, while orders grow
tags
instruments
sources
- MAHSEAMLES: Order book growth and stronger oil and gas demand contrast with temporary, notional inventory-related margin pressure — TradingView, 14 November 2026 at 08:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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