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Mahamaya Steel Industries

MAHASTEEL NSE
₹1,431.60 No trade today
P/E
235.46
View as Markdown
MCP
Close 4 Nov 2026 ₹1,431.60 +799.55 +127% 1Y
Start ₹632.05

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.40%
Debt to Equity
0.37
EPS (TTM)
₹6.08
Book Value
₹90.51
Market Cap
—
P/E (TTM)
235.46
P/B
15.82
ROE
5.67%
Dividend Yield
0.00%
EBITDA
₹25.20 Cr
52W High
₹1,550.00
52W Low
₹595.70
Volume
0

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Mahamaya Steel Industries peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Mahamaya Steel Industries (this company)
₹1,431.60235.46₹2,301 Cr15.820.00%5.67%8.40%₹943 Cr₹10 Cr
Median 8 companies₹1,331.5030.06₹16,390 Cr4.340.39%13.85%18.05%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
40
Weak
Returns, margins, earnings quality 22% weight
Valuation
15
Poor
Cheap vs sector & own history 24% weight
Growth
52
Average
Sales & profit trajectory 9% weight
Financial Health
58
Good
Solvency, leverage, coverage 9% weight
Momentum
92
Strong
Trend strength, vol-adjusted 12% weight
Ownership
57
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 59.7% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 11.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.95% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1612
OscillatorsBullish063
Moving AveragesStrong Bullish109

Key readings

RSI (14)
59.63
Neutral
MACD (12,26,9)
74.94
Bullish
SMA (50)
1,269.96
Bullish
SMA (200)
967.02
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+10.79%
5Y+28.60%
3Y+10.75%
1Y+10.10%
TTM+18.26%

Net profit

Net profit growth by window
10YTurned to profit
5Y+58.49%
3Y+25.99%
1Y+25.00%
TTM+17.95%

Operating cash flow

Operating cash flow growth by window
10Y−10.77%
5YTurned positive
3Y+58.74%
1Y−11.11%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.40 pp
5Y−2.46 pp
3Y+0.57 pp
1Y+0.35 pp
TTM+0.14 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹254 Cr
Mar 2018₹297 Cr
Mar 2019₹465 Cr
Mar 2020₹358 Cr
Mar 2021₹251 Cr
Mar 2022₹495 Cr
Mar 2023₹650 Cr
Mar 2024₹784 Cr
Mar 2025₹802 Cr
Mar 2026₹883 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1.00 Cr
Mar 2018₹2.00 Cr
Mar 2019₹6.00 Cr
Mar 2020₹2.00 Cr
Mar 2021₹1.00 Cr
Mar 2022₹5.00 Cr
Mar 2023₹5.00 Cr
Mar 2024₹7.00 Cr
Mar 2025₹8.00 Cr
Mar 2026₹10.00 Cr

Quarterly Results

₹ Cr
MAHASTEEL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
220
186
180
198
211
155
200
236
207
189
224
263
268
Expenses
216
182
176
194
207
152
196
228
202
184
218
255
262
Operating Profit
4.43
4.14
4.43
3.32
4.03
2.93
4.06
7.71
4.89
5.07
5.85
7.84
5.76
OPM %
2.01%
2.23%
2.46%
1.68%
1.91%
1.89%
2.03%
3.26%
2.36%
2.69%
2.61%
2.98%
2.15%
Other Income
0.81
0.56
1.54
1.11
0.03
0.43
0.26
2.26
0.78
0.69
0.4
1.25
0.12
Interest
1.42
0.95
1.51
1.27
1.08
1
0.72
1.09
1.19
1.15
1.51
1.16
0.69
Depreciation
1.73
1.76
1.77
1.74
1.88
1.92
2.04
2.02
2.15
2.21
2.2
2.26
2.31
PBT
2.09
1.99
2.69
1.43
1.08
0.42
1.56
6.86
2.33
2.4
2.54
5.67
2.89
Tax %
20.57%
22.11%
22.3%
24.87%
26.67%
50%
30.13%
21.14%
25.75%
21.67%
25.2%
28.22%
26.04%
Net Profit
1.66
1.55
2.08
1.43
0.87
0.23
1.09
5.41
1.74
1.88
1.91
4.07
2.13
EPS (₹)
1.01
0.94
1.27
0.87
0.53
0.14
0.66
3.29
1.06
1.14
1.16
2.48
1.3

Profit & Loss

₹ Cr
MAHASTEEL profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
317
254
297
465
358
251
495
650
784
802
883
943
Expenses
316
238
276
443
343
238
480
636
768
783
859
919
Operating Profit
1
16
21
22
15
13
15
14
16
19
24
25
OPM %
0.5%
6%
7%
4.8%
4.2%
5%
3.1%
2.1%
2.1%
2.3%
2.7%
2.6%
Other Income
3
2
2
2
1
1
2
3
4
3
3
2
Interest
9
11
12
11
9
6
5
3
5
4
5
5
Depreciation
7
6
7
6
6
6
6
6
7
8
9
9
PBT
−12
1
4
7
0
2
7
7
9
10
13
13
Tax %
27%
−63%
44%
16%
−505%
45%
27%
25%
22%
24%
26%
—
Net Profit
−15
1
2
6
2
1
5
5
7
8
10
10
EPS (₹)
−11.24
0.91
1.74
4.32
1.78
0.6
2.98
3.31
4.09
4.62
5.84
6.08
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
MAHASTEEL balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
14
14
15
16
16
16
16
16
Reserves
68
74
76
82
85
97
112
118
125
133
142
Borrowings
103
94
101
101
79
81
45
43
41
46
58
Other Liabilities
30
29
40
41
34
32
31
47
51
49
53
Total Liabilities
214
211
231
238
211
224
205
225
233
244
270
Fixed Assets
69
74
69
66
63
61
60
65
69
70
73
CWIP
2
0
0
0
0
0
0
0
0
0
0
Investments
33
32
32
32
31
31
31
30
26
27
28
Other Assets
110
105
131
140
117
133
115
130
139
146
169
Total Assets
214
211
231
238
211
224
205
225
233
244
270

Cash Flow

₹ Cr
MAHASTEEL cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
25
13
3
18
35
−4
44
2
14
9
8
Investing
−16
2
1
−7
−3
1
−5
−11
−6
−11
−15
Financing
−10
−16
−4
−11
−31
5
−26
−5
−8
1
7
Net Cash Flow
−1
0
1
−1
1
2
13
−15
1
−1
−1
Free Cash Flow
23
5
1
15
31
−7
39
−9
5
0
−3
CFO/OP
1,702
83
18
85
239
−25
306
24
103
60
47

Ratios

MAHASTEEL financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
49
39
29
14
17
29
16
10
7
11
7
Inventory Days
56
81
94
83
86
130
42
55
49
45
58
Days Payable
10
3
34
19
24
28
5
12
8
14
13
Cash Conversion Cycle
94
116
89
78
79
131
52
52
48
43
53
Working Capital Days
0
12
23
17
20
59
27
26
21
17
16
ROCE %
—
5%
8%
9%
5%
4%
6%
6%
7%
7%
8%

Insights

Beta

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

Log in to view Mahamaya Steel Industries insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 72.80%
  • Public 24.63%
  • Others 2.47%
  • FIIs 0.09%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Mahamaya Steel Industries

What does Mahamaya Steel Industries Ltd do?
Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.
Where is Mahamaya Steel Industries Ltd (MAHASTEEL) listed?
Mahamaya Steel Industries Ltd trades as MAHASTEEL on the NSE and under code 513554 on the BSE.
Which sector does Mahamaya Steel Industries Ltd belong to?
Mahamaya Steel Industries Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Mahamaya Steel Industries Ltd?
Mahamaya Steel Industries Ltd trades at a PE ratio of 235.46 as of 4 Nov 2026, on earnings per share of ₹6.08, against a book value of ₹90.51 per share.
What is the 52-week high and low of Mahamaya Steel Industries Ltd?
Over the last 52 weeks Mahamaya Steel Industries Ltd has traded between ₹595.7 and ₹1,550 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Mahamaya Steel Industries Ltd?
Mahamaya Steel Industries Ltd reported a return on equity of 5.67%. Its debt-to-equity ratio is 0.37.

Company Information

Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.

Website mahamayagroup.in
Listed 1 Jul 2016
Face Value ₹10

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