Maharashtra Seamless (NSE:MAHSEAMLES) Total Operating Expense: ₹11,280 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MAHSEAMLES Maharashtra Seamless Ltd NSE:MAHSEAMLES
86 GF Score
Price ₹584.70
GF Value ₹638.02
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Maharashtra Seamless Total Operating Expense?

Maharashtra Seamless NSE:MAHSEAMLES +0.73% 86 Total Operating Expense is ₹11,280 Mil as of Mar. 2026. GuruFocus rates NSE:MAHSEAMLES with a GF Score™ of 86/100 and a GF Value™ of ₹638.02 (Fairly Valued). The stock has 2 warning signs investors should review.

Maharashtra Seamless's Total Operating Expense for the three months ended in Mar. 2026 was ₹3,010 Mil. Maharashtra Seamless's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹11,280 Mil.

Maharashtra Seamless Total Operating Expense Related Terms

Maharashtra Seamless Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Maharashtra Seamless's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maharashtra Seamless Total Operating Expense Chart

Maharashtra Seamless Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,478.56 3,270.30 2,614.80 11,320.20 11,279.80

Maharashtra Seamless Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,004.90 2,836.60 2,778.10 2,654.80 3,010.30
NSE:MAHSEAMLES
86GF Score
Maharashtra Seamless Ltd NSE:MAHSEAMLES
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maharashtra Seamless Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹11,280 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of ₹11,280 Mil mean?
Maharashtra Seamless (NSE:MAHSEAMLES) has a Total Operating Expense of ₹11,280 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Maharashtra Seamless and its competitors.
Is Maharashtra Seamless' Total Operating Expense too high?
Maharashtra Seamless' current Total Operating Expense is ₹11,280 Mil. Overall, Maharashtra Seamless has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maharashtra Seamless' Total Operating Expense compare to NUE and STLD?
Maharashtra Seamless' Total Operating Expense of ₹11,280 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Steel company?
A good Total Operating Expense depends on the Steel industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Maharashtra Seamless and its competitors. Maharashtra Seamless's current Total Operating Expense is ₹11,280 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maharashtra Seamless stock overvalued right now?
Based on GuruFocus' analysis, Maharashtra Seamless (NSE:MAHSEAMLES) is currently considered Fairly Valued. The stock's GF Value™ is ₹638.02, compared to a current price of ₹584.70 — trading 8.4% below its estimated fair value. The current Total Operating Expense is ₹11,280 Mil. Maharashtra Seamless' overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Maharashtra Seamless (NSE:MAHSEAMLES), the current Total Operating Expense is ₹11,280 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maharashtra Seamless (NSE:MAHSEAMLES) Overvalued in 2026?

Based on GuruFocus' analysis, Maharashtra Seamless stock appears to be undervalued. The current stock price of ₹584.70 is trading 8.4% below its estimated GF Value™ of ₹638.02. GuruFocus considers Maharashtra Seamless to be Fairly Valued.

Key valuation signals for NSE:MAHSEAMLES:

  • Total Operating Expense: ₹11,280 Mil
  • GF Value™: ₹638.02 vs. price of ₹584.70 (8.4% below fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the NSE:MAHSEAMLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Maharashtra Seamless Business Description

Other Exchanges 500265:India
Address Institutional Sector 44, Plot No. 30, Jindal Corporate Centre, Gurugram, HR, IND, 122003
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of electric resistance welded pipes, which include black and galvanized pipes, and seamless pipes and tubes, which include hot finished, cold drawn, and pilgered pipes. These products are used in various applications and sectors like oil and gas, hydrocarbon, power, agriculture, housing, and infrastructure, among others. The company's operating segments consist of steel pipes and tubes, power-electricity, rig, and others. The majority of its revenue is derived from the steel pipes and tubes segment.
86GF Score

Get the complete analysis for NSE:MAHSEAMLES

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹584.70
Price
₹638.02
GF Value