Shyam Metalics vs Electrosteel Castings vs Maharashtra Seamless: Which Stock Should You Track
- September 24, 2026
- Posted by: Chaitanya Auti
- Category: Market
Shyam Metalics and Energy PE 27.58, mkt cap Rs 30,896 crore. Electrosteel Castings PE 38.04, mkt cap Rs 4,586 crore. Maharashtra Seamless PE 12.79, mkt cap Rs 9,426 crore.
Quick Answer
Shyam Metalics and Energy vs Electrosteel Castings vs Maharashtra Seamless is a side-by-side comparison of three companies from the Value-Added Steel and Seamless Pipes space. On this comparison, Shyam Metalics and Energy carries a market capitalisation of about Rs 30,896 crore against Rs 4,586 crore for Electrosteel Castings and Rs 9,426 crore for Maharashtra Seamless, with return on equity of 9.29%, 3.20% and 10.20% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Shyam Metalics and Energy vs Electrosteel Castings vs Maharashtra Seamless starts with the core numbers most investors compare within the Value-Added Steel and Seamless Pipes segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Value-Added Steel and Seamless Pipes bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Shyam Metalics and Energy, Electrosteel Castings and Maharashtra Seamless: Company Overview
Shyam Metalics and Energy is a listed Indian company in the Value-Added Steel and Seamless Pipes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Electrosteel Castings is a listed Indian company in the Value-Added Steel and Seamless Pipes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Maharashtra Seamless is a listed Indian company in the Value-Added Steel and Seamless Pipes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Shyam Metalics and Energy vs Electrosteel Castings vs Maharashtra Seamless: Valuation and Profitability Snapshot
| Metric | Shyam Metalics and Energy | Electrosteel Castings | Maharashtra Seamless |
|---|---|---|---|
| Market Cap (approx.) | Rs 30,896 crore | Rs 4,586 crore | Rs 9,426 crore |
| PE Ratio (TTM) | 27.58 | 38.04 | 12.79 |
| PB Ratio | 2.68 | 0.77 | 1.37 |
| Return on Equity (ROE) | 9.29% | 3.20% | 10.20% |
| EPS (TTM, Rs) | 40.13 | 1.95 | 55.01 |
| Dividend Yield | 0.41% | 1.21% | 1.42% |
| Debt to Equity | 0.09 | 0.26 | 0.00 |
| Book Value per Share (Rs) | 412.84 | 95.82 | 512.89 |
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On valuation, Shyam Metalics and Energy trades at a PE of 27.58 and a PB of 2.68, Electrosteel Castings at a PE of 38.04 and a PB of 0.77, while Maharashtra Seamless trades at a PE of 12.79 and a PB of 1.37. On return on equity, the three post 9.29%, 3.20% and 10.20% respectively, and on dividend yield they stand at 0.41%, 1.21% and 1.42%.
Shyam Metalics and Energy vs Electrosteel Castings vs Maharashtra Seamless: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Shyam Metalics and Energy | Rs 5,502.18 crore | Rs 350.73 crore | +23.0% | +4.4% |
| Electrosteel Castings | Rs 1,464.81 crore | Rs 48.37 crore | -7.6% | -4.3% |
| Maharashtra Seamless | Rs 1,265.62 crore | Rs 266.40 crore | -3.0% | +2.7% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three value-added steel and seamless pipes names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Shyam Metalics and Energy vs Electrosteel Castings vs Maharashtra Seamless highlights how differently three companies in the same value-added steel and seamless pipes segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Shyam Metalics and Energy vs Electrosteel Castings vs Maharashtra Seamless
What is the market cap difference between Shyam Metalics and Energy, Electrosteel Castings and Maharashtra Seamless?
Ans. As of September 2026, Shyam Metalics and Energy has a market cap of approximately Rs 30,896 crore, Electrosteel Castings is at approximately Rs 4,586 crore, and Maharashtra Seamless is at approximately Rs 9,426 crore.
Which of the three has the highest PE ratio?
Ans. Among Shyam Metalics and Energy, Electrosteel Castings and Maharashtra Seamless, the PE ratios stand at 27.58, 38.04 and 12.79 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Shyam Metalics and Energy, Electrosteel Castings and Maharashtra Seamless post ROE of 9.29%, 3.20% and 10.20% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Shyam Metalics and Energy, Electrosteel Castings and Maharashtra Seamless carry dividend yields of 0.41%, 1.21% and 1.42% respectively.
What is the debt to equity ratio for Shyam Metalics and Energy, Electrosteel Castings and Maharashtra Seamless?
Ans. Shyam Metalics and Energy carries a debt to equity of 0.09, Electrosteel Castings of 0.26, and Maharashtra Seamless of 0.00.
Which of the three trades at the highest price to book value?
Ans. Shyam Metalics and Energy, Electrosteel Castings and Maharashtra Seamless trade at price to book ratios of 2.68, 0.77 and 1.37 respectively.
Is one of Shyam Metalics and Energy, Electrosteel Castings or Maharashtra Seamless better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.