Mahamaya Steel Industries
- Market cap
- ₹ 2,456 Cr.
- P/E
- 250.7x
- P/B
- 14.71x
- 52-week range
- 581 – 1,550
- ROE
- 6%
- ROCE
- 8%
- Dividend yield
- 0%
- Debt / equity
- 0.37
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Mahamaya Steel Industries Limited (MSIL) is an India-based company. The Company manufactures heavy and light steel structures such as strips, joists, beams, channels, girders, and railway sleeper bars, flats in various ranges for the construction, automobile, railway, and power industries. Its product range includes I-beam, joist, H-beam, channel, round, flat, railway sleepers, square, billet and bloom. Rolling mill, Stell melting shop (SMS), and Furnace are the manufacturing units of the Company. Its steel unit and steel melting shop have installed capacity of 2,05,500 tons per annum (TPA) and 2,00,000 TPA, respectively. The products of the Company are used in infrastructure related projects such as railways, power plants, dams, bridges, among others. Its heavy steel structural mill, steel melting shop and gas plant is in Raipur, Chhattisgarh.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Mahamaya Steel Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)250.7 against a typical 18.9: pricier than most peers (1st = cheapest).141st of 146
- Sales growth+29.3% against a typical +13.1% from a year earlier.32nd of 117
- Profit growth+22.4% against a typical +26.2% from a year earlier.56th of 105
- Share price, 3 months+69.2% against a typical −3.8%.4th of 135
- Size₹ 2,455.9 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).22nd of 135
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]B+ ISSUER NOT COOPERATING | Stable | 27 Aug 2026 |
| CARE | CARE BB+; ISSUER NOT COOPERATING* | Stable | 27 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 27 Aug 2026 | Rating action | [ICRA]B+ ISSUER NOT COOPERATING | — | ICRA | ₹ 83 Cr. | |
| 27 Nov 2025 | Reaffirmed | CARE BB+ | — | CARE | ₹ 57 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Aug 2026 | Other business matters | To consider other business matters |
| 22 Aug 2026 | Other business matters | To consider other business matters To decide the day and date of 38th Annual General Meeting for the financial year ended 2025-26.To appoint Scrutinizer for conducting the e-voting process for the 38th Annual General Meeting. |
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 26 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 186 | 180 | 198 | 211 | 155 | 200 | 236 | 207 | 189 | 224 | 263 | 268 |
| Expenses | 182 | 176 | 194 | 207 | 152 | 196 | 228 | 202 | 184 | 218 | 255 | 262 |
| Operating Profit | 4 | 4 | 3 | 4 | 3 | 4 | 8 | 5 | 5 | 6 | 8 | 6 |
| OPM % | 2.2% | 2.5% | 1.7% | 1.9% | 1.9% | 2% | 3.3% | 2.4% | 2.7% | 2.6% | 3% | 2.2% |
| Other Income | 1 | 2 | 2 | 0 | 0 | 0 | 2 | 1 | 1 | 0 | 1 | 0 |
| Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 2 | 3 | 2 | 1 | 0 | 2 | 7 | 2 | 2 | 3 | 6 | 3 |
| Tax % | 22.1% | 22.3% | 24.9% | 26.7% | 50% | 30.1% | 21.1% | 25.8% | 21.7% | 25.2% | 28.2% | 26% |
| Net Profit | 2 | 2 | 1 | 1 | 0 | 1 | 5 | 2 | 2 | 2 | 4 | 2 |
| EPS in Rs | 0.94 | 1.27 | 0.87 | 0.53 | 0.14 | 0.66 | 3.29 | 1.06 | 1.14 | 1.16 | 2.48 | 1.3 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 29%
- 3 Years
- 11%
- TTM
- 18%
- 10 Years
- 10%
- 5 Years
- 61%
- 3 Years
- 23%
- TTM
- 28%
- 10 Years
- 13%
- 5 Years
- 66%
- 3 Years
- 159%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 5%
- 3 Years
- 5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Mahamaya Steel Industries | ₹ 1,532.00 | ₹ 2,456 Cr. | 250.7x | 14.7x | 6% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 42.2x | 3.1x | — | 14.8% |
| Tata Steel | ₹ 167.25 | ₹ 2,08,786 Cr. | 19.2x | 2.3x | 11.2% | 4.7% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 28.4x | 7.7x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 26.1x | 2.1x | — | 7.5% |
| Steel Authority of India | ₹ 165.00 | ₹ 70,012 Cr. | 17.3x | 1.1x | 5.7% | 3% |
Management
- Suresh Raman
- Chief Financial Officer, Executive Director
- Jaswinder Kaur Mission
- Compliance Officer, Company Secretary
- Rajesh Agrawal
- Managing Director, Executive Director
- Rekha Agrawal
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.