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 ₹ 565 Cr.
- Current Price ₹ 344
- High / Low ₹ 379 / 161
- Stock P/E 72.9
- Book Value ₹ 90.6
- Dividend Yield 0.00 %
- ROCE 7.15 %
- ROE 5.01 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.79 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: | 26% |
5 Years: | 25% |
3 Years: | 73% |
1 Year: | 112% |
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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Board Meeting Intimation for To Decide The Day And Date Of AGM For FY 2024-25
To Appoint Scrutinizer For Conducting The E-Voting Process For The 37Th Annual General Meeting
21h - Board meeting on 26 Aug 2025 to set 37th AGM date and appoint e-voting scrutinizer.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Aug - Newspaper Publication of Unaudited Financial Results for the quarter ended 30.06.2025.
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Board Meeting Outcome for UNAUDITED FINANCIAL RESULTS ALONG WITH LRR 30.06.2025
8 Aug - Mahamaya Steel approved Q1 FY26 standalone and consolidated unaudited financial results with auditor review.
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Unaudited Financial Results For The Quarter Ended 30.06.2025
8 Aug - Q1 FY2025 standalone and consolidated unaudited financial results approved and reviewed by auditors.
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
5 Aug - Mahamaya Steel reports July 2025 sales of 13,290.350 MT.
Annual reports
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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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Financial Year 2010
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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