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Maiden Forgings

MAIDENFORGINGSLTD NSE

Key Fundamentals

SMEIron & Steel ProductsIndustrial Products
Market Cap
₹153 Cr
Volatility
Moderate
P/E Ratio
30.5
EBITDA
₹14.87 Cr
Return on Equity
7.91%
Debt to Equity
0.85
Book Value
₹57.09
EPS
₹6.84
52W High
₹125
52W Low
₹63.52

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Key Insights

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.08% over past five years.
  • Company has a low return on equity of 9.99% over last 3 years.
  • Debtor days have increased from 49.1 to 62.1 days.

Growth Rate

Revenue Growth
8.43% higher than 3Y
Net Income Growth
-18.67% higher than 3Y
Cash Flow Change
138% higher than 3Y
ROE
-42.26% lower than 3Y
ROCE
-27.65% higher than 3Y
EBITDA Margin (Avg.)
-31.76% higher than 3Y

Quarterly Results

Particulars Sep 2022Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
108
116
121
109
104
109
122
Expenses
99
105
108
99
94
105
112
Operating Profit
10
10
12
10
10
5
10
OPM %
9%
9%
10%
9%
9%
4.4%
8%
Other Income
0
1
0
0
1
2
0
Interest
3
3
3
3
4
3
4
Depreciation
2
2
2
1
3
2
2
PBT
6
6
7
6
3
2
4
Tax %
28%
33%
26%
32%
24%
16%
34%
Net Profit
4
4
6
4
2
2
3
EPS in Rs
7.92
2.94
3.9
2.85
1.41
1.48
2.06
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
204
199
210
221
236
213
232
Expenses
191
186
198
199
213
194
217
Operating Profit
13
13
12
22
23
19
15
OPM %
6%
7%
6%
10%
10%
9%
6%
Other Income
0
0
0
0
1
1
2
Interest
7
7
6
5
6
7
7
Depreciation
4
4
3
4
4
4
4
PBT
2
2
3
13
14
9
7
Tax %
28%
29%
27%
28%
29%
29%
28%
Net Profit
2
2
2
10
10
6
5
EPS in Rs
3.57
3.24
4.2
9.22
6.84
4.26
3.53
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
5
5
10
14
14
14
Reserves
17
24
26
30
57
62
67
Borrowings
63
61
62
68
63
69
69
Other Liabilities
14
15
17
19
15
18
30
Total Liabilities
99
105
110
127
149
164
181
Fixed Assets
29
26
24
29
29
37
34
CWIP
0
0
0
0
0
0
4
Investments
0
0
0
0
0
0
0
Other Assets
70
79
86
98
119
127
143
Total Assets
99
105
110
127
149
164
181
Figures in ₹ Crores

Cash Flow

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3
0
3
11
-12
5
6
Investing
-3
0
-2
-9
-7
-9
-4
Financing
-1
2
-1
-2
19
5
-3
Net Cash Flow
-1
2
-1
0
-1
0
0
Free Cash Flow
0
-1
0
3
-17
-5
2
CFO/OP
24
0
21
52
-52
23
42
Figures in ₹ Crores

Ratios

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
55
61
47
41
34
51
62
Inventory Days
48
75
81
99
124
153
150
Days Payable
26
26
14
25
17
26
33
Cash Conversion Cycle
77
110
114
116
141
178
179
Working Capital Days
20
30
33
34
74
90
86
ROCE %
—
11%
10%
19%
16%
11%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.15%Promot.71.97%Others3.29%Public24.60%As ofMar 2026

Documents

Frequently Asked Questions about Maiden Forgings

What does Maiden Forgings Ltd do?
Incorporated in 2005, Maiden Forgings Ltd does manufacturing and sales of ferrous metal products including steel bright bars, wires, profiles, ground bars and nails[1]
Where is Maiden Forgings Ltd (543874) listed?
Maiden Forgings Ltd trades as MAIDENFORGINGSLTD on the NSE and under code 543874 on the BSE.
Which sector does Maiden Forgings Ltd belong to?
Maiden Forgings Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Maiden Forgings Ltd?
Maiden Forgings Ltd has a market capitalisation of ₹152.8 Cr, which places it in the Small Cap band.
What is the PE ratio of Maiden Forgings Ltd?
Maiden Forgings Ltd trades at a PE ratio of 30.50, on earnings per share of ₹6.84, against a book value of ₹57.09 per share.
What is the 52-week high and low of Maiden Forgings Ltd?
Over the last 52 weeks Maiden Forgings Ltd has traded between ₹63.52 and ₹125.
What is the Return on Equity (ROE) of Maiden Forgings Ltd?
Maiden Forgings Ltd reported a return on equity of 7.91%. Its debt-to-equity ratio is 0.85.

Company Information

Incorporated in 2005, Maiden Forgings Ltd does manufacturing and sales of ferrous metal products including steel bright bars, wires, profiles, ground bars and nails[1]

Website maidenforgings.in
Listed 2023-04-06
Face Value ₹ 10

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