Mahamaya Steel Industries Ltd

Mahamaya Steel Industries Ltd

₹ 310 0.60%
13 Jun - close price
About

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]

Key Points

Business Overview:[1][2]
MSIL is an ISO 9001:2015 and ISO 14001:2015 certified company. It runs a heavy steel structural mill, Steel Melting Shop and Gas plant at Raipur. 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. It has high capacity structural rolling mills with full fledged supportive SMS and one of the very few in India which manufactures 600 MM joist and 250 MM angles

  • Market Cap 509 Cr.
  • Current Price 310
  • High / Low 329 / 96.2
  • Stock P/E 86.5
  • Book Value 84.6
  • Dividend Yield 0.00 %
  • ROCE 6.74 %
  • ROE 4.33 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.66 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 3.46% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
141.82 144.79 164.16 152.44 188.38 220.20 185.77 180.24 197.62 211.03 154.74 199.83 236.17
137.92 141.12 161.18 148.51 185.16 215.77 181.63 175.82 194.29 207.01 151.81 195.77 228.46
Operating Profit 3.90 3.67 2.98 3.93 3.22 4.43 4.14 4.42 3.33 4.02 2.93 4.06 7.71
OPM % 2.75% 2.53% 1.82% 2.58% 1.71% 2.01% 2.23% 2.45% 1.69% 1.90% 1.89% 2.03% 3.26%
0.35 0.02 0.90 0.12 0.66 0.22 0.10 1.13 1.11 0.03 0.41 0.20 1.05
Interest 1.17 0.56 0.50 0.80 1.34 1.42 0.95 1.51 1.27 1.08 1.00 0.72 1.09
Depreciation 1.52 1.53 1.62 1.67 1.47 1.73 1.76 1.77 1.74 1.88 1.92 2.04 2.02
Profit before tax 1.56 1.60 1.76 1.58 1.07 1.50 1.53 2.27 1.43 1.09 0.42 1.50 5.65
Tax % 39.74% 28.12% 27.84% 28.48% 42.99% 28.67% 28.76% 26.43% 32.87% 29.36% 52.38% 31.33% 25.66%
0.95 1.15 1.27 1.13 0.62 1.07 1.09 1.67 0.96 0.77 0.21 1.03 4.19
EPS in Rs 0.58 0.70 0.77 0.69 0.38 0.65 0.66 1.02 0.58 0.47 0.13 0.63 2.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
290 291 317 254 297 465 358 251 495 650 784 802
277 275 316 238 276 443 342 238 480 636 768 783
Operating Profit 13 16 1 16 21 23 16 13 15 14 16 19
OPM % 4% 6% 0% 6% 7% 5% 4% 5% 3% 2% 2% 2%
3 1 3 4 2 2 1 0 0 2 3 2
Interest 6 8 9 11 12 11 9 6 5 3 5 4
Depreciation 5 7 7 6 7 6 6 6 6 6 7 8
Profit before tax 4 3 -12 3 4 7 1 1 5 6 7 9
Tax % 33% 35% 27% 12% 42% 15% -164% 56% 36% 31% 29% 28%
3 2 -15 3 3 6 3 1 3 4 5 6
EPS in Rs 2.19 1.56 -11.24 1.87 1.86 4.50 2.39 0.37 1.92 2.54 2.91 3.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 18%
3 Years: 17%
TTM: 2%
Compounded Profit Growth
10 Years: 11%
5 Years: 13%
3 Years: 23%
TTM: 47%
Stock Price CAGR
10 Years: 26%
5 Years: 30%
3 Years: 69%
1 Year: 197%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 15 16 16 16 16
Reserves 78 79 64 70 72 78 82 93 107 111 116 123
89 102 103 94 101 101 79 81 45 43 41 46
24 25 30 30 40 41 34 32 31 47 51 49
Total Liabilities 204 219 210 207 227 234 208 221 200 218 225 234
80 76 69 74 69 66 63 61 60 65 69 70
CWIP 0 0 2 0 0 0 0 0 0 0 0 0
Investments 5 15 30 28 28 28 28 28 26 24 18 18
119 128 110 105 131 140 117 133 115 130 139 146
Total Assets 204 219 210 207 227 234 208 221 200 218 225 234

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16 11 25 15 3 18 35 -4 44 2 14 9
1 -13 -16 0 1 -7 -3 1 -5 -11 -6 -11
-16 5 -10 -16 -4 -11 -31 5 -26 -5 -8 1
Net Cash Flow 1 3 -1 -0 1 -1 1 2 13 -15 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 33 48 49 39 29 14 17 29 16 10 7 11
Inventory Days 77 77 56 81 94 83 86 130 42 55 49 45
Days Payable 7 7 10 3 34 19 24 28 5 12 8 14
Cash Conversion Cycle 103 118 94 116 89 78 79 131 52 52 48 43
Working Capital Days 94 107 74 92 101 68 69 130 41 37 31 34
ROCE % 5% 6% -2% 7% 9% 10% 6% 4% 6% 5% 6% 7%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% 0.11% 1.01% 0.83% 0.71%
26.59% 26.58% 26.59% 26.59% 26.59% 26.58% 26.54% 26.59% 26.49% 25.59% 25.75% 25.88%
No. of Shareholders 9,0889,1479,2169,2168,8788,8809,34410,63610,2538,1837,6037,211

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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