Maiden Forgings
- Market cap
- ₹ 134 Cr.
- P/E
- 26.3x
- P/B
- 1.68x
- 52-week range
- 63.52 – 125
- ROE
- 6%
- ROCE
- 9%
- Dividend yield
- 0%
- Debt / equity
- 0.85
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- BSE SME
About
Maiden Forgings Limited is an India-based company. The company is engaged in the manufacturing and sales of ferrous metal products including steel bright bars, wires, profiles, ground bars and nails (collated and loose). It specializes in the design and manufacture of different types of ferrous metal products, including carbon steel, stainless steel, and alloy steel, mainly in the form of drawn products like bright bars, wires, profiles, and ground bars. The product range manufactured by the Company includes carbon steel bright bars, stainless steel bright bars, alloy steel bright bars, carbon steel wires, stainless steel wires, alloy steel wires, profiles and ground bars in different sizes and shapes, and collated pneumatic nails. Its products are used across industries like automobiles, engineering, infrastructure, hardware, and utensils, among others. The Company has three manufacturing plants, all located in Ghaziabad, Uttar Pradesh.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Maiden Forgings 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)26.3 against a typical 18.9: pricier than most peers (1st = cheapest).91st of 146
- Sales growth+0.8% against a typical +13.1% from a year earlier.82nd of 117
- Profit growth−50% against a typical +26.2% from a year earlier.92nd of 105
- Share price, 3 months−4.7% against a typical −4.5%.68th of 134
- Size₹ 133.7 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).72nd of 135
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 24 Oct 2025 | Preferential issue | Board approved | ₹ 25 Cr. | ₹ 100 | −8% |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2022 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 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 |
| Profit before tax | 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 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 3%
- 3 Years
- 2%
- TTM
- 9%
- 10 Years
- —
- 5 Years
- 24%
- 3 Years
- −19%
- TTM
- −17%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −5%
- TTM
- —
- 10 Years
- —
- 5 Years
- 12%
- 3 Years
- 10%
- 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.
| Maiden Forgings | ₹ 92.00 | ₹ 134 Cr. | 26.3x | 1.7x | 6% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Nivedita Garg
- Executive Chairman of the Board
- Prachla Garg
- Chief Financial Officer
- Monika Negi
- Compliance Officer, Company Secretary
- Nishant Garg
- Managing Director, Executive Director
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