Mahamaya Steel Industries
Mahamaya Steel Industries
Industrial ProductsKey Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsTapetide Score
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Key Insights
Strengths
1- Company has delivered good profit growth of 59.7% CAGR over last 5 years
Weaknesses
3- Stock is trading at 13.2 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.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 | 1.58 | 0.13 | 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 | 1.89 | 1.2 | 0.44 | 1.56 | 6.86 | 2.33 | 2.4 | 2.54 | 5.67 | 2.88 |
| 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 in Rs | 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | -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
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
Frequently Asked Questions about Mahamaya Steel Industries
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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.[1]
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