Maiden Forgings Ltd

Maiden Forgings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Maiden Forgings Ltd

₹ 72.0 2.59%
11 Jun - close price
maidenforgings.in BSE - SME: 543874
About

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]

Key Points

Business Overview:[1]
MFL manufactures a wide range of Bright
Steel bars and wires including value-added
& specialized products, etc. in a large assortment of sizes starting from 0.19mm up to 100mm, from different grades of steel and in different shapes.

Website BSE
  • Market Cap ₹ 102 Cr.
  • Current Price ₹ 72.0
  • High / Low ₹ 113 / 50.6
  • Stock P/E 16.9
  • Book Value ₹ 53.8
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 8.21 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 29.5% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 0.85% over past five years.
  • Debtor days have increased from 42.2 to 50.9 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Sep 2023 Mar 2024 Sep 2024 Mar 2025
108 116 121 109 104
99 105 108 99 94
Operating Profit 10 10 12 10 10
OPM % 9% 9% 10% 9% 9%
0 1 0 0 1
Interest 3 3 3 3 4
Depreciation 2 2 2 1 3
Profit before tax 6 6 7 6 3
Tax % 28% 33% 26% 32% 24%
4 4 6 4 2
EPS in Rs 7.92 2.94 3.90 2.85 1.41
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
204 199 210 221 236 213
191 186 198 199 213 194
Operating Profit 13 13 12 22 23 19
OPM % 6% 7% 6% 10% 10% 9%
0 0 0 0 1 1
Interest 7 7 6 5 6 7
Depreciation 4 4 3 4 4 4
Profit before tax 2 2 3 13 14 9
Tax % 28% 29% 27% 28% 29% 29%
2 2 2 10 10 6
EPS in Rs 3.57 3.24 4.20 9.22 6.84 4.26
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 1%
3 Years: 0%
TTM: -10%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 40%
TTM: -38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -23%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 15%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 5 10 14 14
Reserves 17 24 26 30 57 62
63 61 62 68 63 69
14 15 17 19 15 18
Total Liabilities 99 105 110 127 149 164
29 26 24 29 29 37
CWIP 0 0 0 0 0 0
Investments 0 0 0 0 0 0
70 79 86 98 119 127
Total Assets 99 105 110 127 149 164

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 -0 3 11 -12 5
-3 -0 -2 -9 -7 -9
-1 2 -1 -2 19 5
Net Cash Flow -1 2 -1 0 -1 0

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 55 61 47 41 34 51
Inventory Days 48 75 81 99 124 153
Days Payable 26 26 14 25 17 26
Cash Conversion Cycle 77 110 114 116 141 178
Working Capital Days 79 92 107 118 147 175
ROCE % 11% 10% 19% 16% 11%

Shareholding Pattern

Numbers in percentages

Sep 2023Mar 2024Sep 2024Mar 2025
73.37% 73.37% 73.37% 73.37%
26.64% 26.63% 26.62% 26.63%
No. of Shareholders 8411,2561,4881,490

Documents

Announcements

Annual reports

Credit ratings

Concalls