Maharashtra Seamless: Market share of 55% in seamless pipes segment

 

  • Maharashtra Seamless: Market share of 55% in seamless pipes segment
  • Market share of 55% in seamless pipes segment
  • Capacity utilisation of pipe segments has started to improve from Q4 FY 2023 due to higher efficiency and strong demand
  • EBIDTA margin : 18%
  • PAT margin: 13%
  • Net Debt : (469) cr
  • There will be no requirement of any debt to fund above capital expenditure and working capital requirements . Total capital expenditure : 852 cr
  • The seamless & ERW pipes sector is getting a major boost from Make in India and Atma Nirbhar Bharat policy. Under this policy, for any purchases made by PSUs, there must be a minimum 35% local value addition in supply of pipes which benefits domestic manufacturers
  • Orders from USA and Canada are steady and they remain our largest export markets
  • Large tenders for ERW pipes have been floated by BPCL, Indraprastha Gas, HPCL and Assam Gas for oil and gas applications
  • Regular supplies have started to the largest CNG cylinder manufacturer in India. They are currently importing cylinder pipes from Italy & Japan and USTPL has now provided a domestic alternative in line with Make in India initiative for commercial as well as passenger vehicles of Hyundai, Bajaj & Tata Motors.

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