Maiden Forgings Ltd

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

Maiden Forgings Ltd

₹ 80.0 -2.42%
11 Dec 4:00 p.m.
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 ₹ 114 Cr.
  • Current Price ₹ 80.0
  • High / Low ₹ 126 / 76.6
  • Stock P/E 11.9
  • Book Value ₹ 52.8
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 17.4 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Sector: Steel Industry: Steel - Medium / Small

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Half Yearly Results

Figures in Rs. Crores

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

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
204 199 210 221 236 230
191 186 198 199 213 208
Operating Profit 13 13 12 22 23 22
OPM % 6% 7% 6% 10% 10% 10%
0 0 0 0 1 1
Interest 7 7 6 5 6 6
Depreciation 4 4 3 4 4 3
Profit before tax 2 2 3 13 14 13
Tax % 28% 29% 27% 28% 29%
2 2 2 10 10 10
EPS in Rs 3.57 3.24 4.20 9.22 6.84 6.75
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 79%
TTM: 1%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -30%
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 10 14 14
Reserves 17 24 26 30 57 61
63 61 62 68 63 76
14 15 17 19 15 8
Total Liabilities 99 105 110 127 149 159
29 26 24 29 29 39
CWIP 0 0 0 0 0 0
Investments 0 0 0 0 0 0
70 79 86 98 119 119
Total Assets 99 105 110 127 149 159

Cash Flows

Figures in Rs. Crores

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

Ratios

Figures in Rs. Crores

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

Shareholding Pattern

Numbers in percentages

Sep 2023Mar 2024Sep 2024
73.37% 73.37% 73.37%
26.64% 26.63% 26.62%
No. of Shareholders 8411,2561,488

Documents

Announcements

Annual reports

Credit ratings

Concalls