Mahamaya Steel Industries Ltd
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]
- Market Cap ₹ 650 Cr.
- Current Price ₹ 395
- High / Low ₹ 405 / 179
- Stock P/E 83.9
- Book Value ₹ 90.6
- Dividend Yield 0.00 %
- ROCE 7.15 %
- ROE 5.01 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 4.35 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.61%
- Company has a low return on equity of 4.35% 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
317 | 254 | 297 | 465 | 358 | 251 | 495 | 650 | 784 | 802 | 798 | |
316 | 238 | 276 | 443 | 343 | 238 | 480 | 636 | 768 | 783 | 778 | |
Operating Profit | 1 | 16 | 21 | 22 | 15 | 13 | 15 | 14 | 16 | 19 | 20 |
OPM % | 0% | 6% | 7% | 5% | 4% | 5% | 3% | 2% | 2% | 2% | 2% |
3 | 2 | 2 | 2 | 1 | 1 | 2 | 3 | 4 | 3 | 4 | |
Interest | 9 | 11 | 12 | 11 | 9 | 6 | 5 | 3 | 5 | 4 | 4 |
Depreciation | 7 | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 8 | 8 |
Profit before tax | -12 | 1 | 4 | 7 | 0 | 2 | 7 | 7 | 9 | 10 | 11 |
Tax % | 27% | -63% | 44% | 16% | -505% | 45% | 27% | 25% | 22% | 24% | |
-15 | 1 | 2 | 6 | 2 | 1 | 5 | 5 | 7 | 8 | 8 | |
EPS in Rs | -11.24 | 0.91 | 1.74 | 4.32 | 1.78 | 0.60 | 2.98 | 3.31 | 4.09 | 4.62 | 5.15 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 17% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 14% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 27% |
3 Years: | 77% |
1 Year: | 93% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 15 | 16 | 16 | 16 | 16 |
Reserves | 68 | 74 | 76 | 82 | 85 | 97 | 112 | 118 | 125 | 133 |
103 | 94 | 101 | 101 | 79 | 81 | 45 | 43 | 41 | 46 | |
30 | 29 | 40 | 41 | 34 | 32 | 31 | 47 | 51 | 49 | |
Total Liabilities | 214 | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 |
69 | 74 | 69 | 66 | 63 | 61 | 60 | 65 | 69 | 70 | |
CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 33 | 32 | 32 | 32 | 31 | 31 | 31 | 30 | 26 | 27 |
110 | 105 | 131 | 140 | 117 | 133 | 115 | 130 | 139 | 146 | |
Total Assets | 214 | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
25 | 13 | 3 | 18 | 35 | -4 | 44 | 2 | 14 | 9 | |
-16 | 2 | 1 | -7 | -3 | 1 | -5 | -11 | -6 | -11 | |
-10 | -16 | -4 | -11 | -31 | 5 | -26 | -5 | -8 | 1 | |
Net Cash Flow | -1 | -0 | 1 | -1 | 1 | 2 | 13 | -15 | 1 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 39 | 29 | 14 | 17 | 29 | 16 | 10 | 7 | 11 |
Inventory Days | 56 | 81 | 94 | 83 | 86 | 130 | 42 | 55 | 49 | 45 |
Days Payable | 10 | 3 | 34 | 19 | 24 | 28 | 5 | 12 | 8 | 14 |
Cash Conversion Cycle | 94 | 116 | 89 | 78 | 79 | 131 | 52 | 52 | 48 | 43 |
Working Capital Days | 0 | 12 | 23 | 17 | 20 | 59 | 27 | 26 | 21 | 17 |
ROCE % | 5% | 8% | 9% | 5% | 4% | 6% | 6% | 7% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
2 Sep - August 2025 sales: 11,243.360 MT reported by Mahamaya Steel.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Sep - Newspaper Publication - Notice of 37th AGM of the Company.
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Revised Outcome Of Board Meeting With Annexure 1
1 Sep - Reappointment of Rajesh Agrawal MD (1 Oct 2025–30 Sep 2030); borrowing, charges, loans, RPT approvals; AGM 25 Sep 2025.
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Announcement under Regulation 30 (LODR)-Meeting Updates
1 Sep - Reappointment of MD Rajesh Agrawal (1 Oct 2025–30 Sep 2030); borrowing/charges/related-party approvals subject to AGM Sep 25, 2025
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Announcement under Regulation 30 (LODR)-Change in Management
1 Sep - Reappoint MD Rajesh Agrawal (1 Oct 2025–30 Sep 2030); seek borrowing, charge, investment approvals; AGM 25 Sep 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Oct 2016TranscriptNotesPPT
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