Maiden Forgings Limited

BSE: MAIDEN543874ISIN INE0O1T01010

Industrials
Iron & Steel Products

Share price

₹90.000.00 (0.00%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹125.00
52W low: ₹63.52
Off 52W high: -28.00%
1M return: -7.22%
3M return: -12.43%
6M return: +9.09%
1Y return: +5.88%
20D avg volume: 9,450
50 DMA: ₹100.81
200 DMA: ₹90.12

Key ratios Standalone

Market cap: ₹127.91 Cr
Current price: ₹90.00
52W high / low: ₹125.00 / ₹63.52
Face value: ₹10.00
P/E: 25.50
P/B: —
EPS (TTM): ₹3.53
Book value / share: —
ROE: —
ROCE: 13.90%
Operating margin: —
Net margin: —
Debt / equity: —
Net debt: —
Interest cover: 2.02
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 164.1 days

Financials

Metric	FY26	FY25	FY24
Income statement
	231.61	212.91	236.09
	2.35	0.66	1.21
	233.96	213.57	237.31
	227.02	205.03	223.60
	200.90	177.17	201.48
	0.00	0.00	—
	3.09	2.95	2.99
	6.78	7.32	5.91
	3.50	4.05	4.45
	11.30	9.83	10.60
	6.94	8.54	13.71
	6.94	8.54	13.71
	1.92	2.49	3.99
	5.02	6.05	9.72
	3.53	4.26	6.84
Key metrics
	17.22	19.91	24.07
	7.40%	9.40%	10.20%
	2.20%	2.80%	4.10%
	13.90%	16.40%	—
	8.80%	-9.80%	—
	-17.00%	-37.80%	—
	6.22	-4.75	—
	1.24	0.75	—
	164.1	159.0	—
Balance sheet
	180.71	164.24	—
	138.42	122.38	—
	0.11	0.10	—
	39.42	29.69	—
	83.12	75.80	—
	13.72	0.33	—
	37.88	37.41	—
	18.43	12.71	—
	81.91	67.24	—
Cash flow
	6.22	4.52	—
	-3.91	-9.03	—
	-2.80	4.69	—
	0.00	9.27	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 71.97%

Holder	Type	Holding	Previous	Change
NIVEDITA GARG	Promoter	42.62%	—	—
NISHANT GARG	Promoter	29.35%	—	—
MUKESH SHARMA	Public	3.52%	—	—
APOORVA GARG	Promoter Group	0.00%	—	—
SARTHI AGARWAL	Promoter Group	0.00%	—	—
HARSH PRAKASH	Promoter Group	0.00%	—	—
DIVYA JAISWAL	Promoter Group	0.00%	—	—
HEMANT KUMAR	Promoter Group	0.00%	—	—
MAYANK GOVIL	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
Maiden Forgings Limited S	128	90.00	25.50	13.90%	—	—	+5.88%

Filings & corporate actions

Recent announcements

Maiden Forgings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2026 ,inter alia, to consider and approve Unaudited Financial Results ....3 Nov 2026 · Board Meeting / Board Meeting
The Company is hereby submitting the confirmation certificate received from M/S Maashilta Securities Private Limited, Registrar and Transfer Agent of the Company, confirming compliance ....9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to the provisions of Regulation 30 of security exchange board of India (Listing Obligations and Disclosure Requirements)Regulation 2015, we hereby enclose a press release titled ....8 Oct 2026 · Company Update / Press Release / Media Release
Pursuant to the provisions of Regulation 44 of the SEBI(LODR), 2015, we hereby enclose the voting results and the scrutinizers report for the AGM, which was held on 28 September 2026 at 3:30 P.M30 Sep 2026 · AGM/EGM / AGM
Summary proceedings of 21st Annual General Meeting of M/s Maiden Forgings Limited held on Monday, September 28, 2026, at 3:30 P.M. through video confrencing (VC)/ other audio visual means (OAVM)28 Sep 2026 · AGM/EGM / AGM
Pursuant to SEBI(PIT) Regulations, 2015, read with the Company''s code for prevention of Insider Trading, we would like to inform you that the Trading Window for trading/dealing in securities ....25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
We hereby inform you that the register of members and share transfer books of the company will be closed from Monday, September 21, 2026, to Monday, September 28, 2026 (both days inclusive ....5 Sep 2026 · Corp. Action / Book Closure
We hereby enclose copies of the newspaper advertisements published for the attention of the shareholders regarding the 21st Annual General Meeting scheduled to be held on 28th September ....5 Sep 2026 · Company Update / Newspaper Publication
Pursuant to the provisions of Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015 ('SEBI Listing Regulations'), we hereby ....4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosures Requirements)Regulations, 2015, we are submitting herewith the notice of AGM for the financial year 2025-26, ....4 Sep 2026 · AGM/EGM / AGM
Pursuant to regulation 30 of SEBI(listing obligations and disclosures requirements)Regulations, 2015 we hereby enclosed herewith the copy of the prior newspaper advertisement of the notice ....4 Sep 2026 · Company Update / Newspaper Publication
Pursuant to regulation 30 of SEBI(Listing regulations and disclosure requirements), 2015 we hereby inform you that the board of directors of the company at its meeting held on 1 september ....1 Sep 2026 · Company Update / Change in Management
Pursuant to regulation 30 of SEBI(Listing obligations and disclosures requrement), 2015 we hereby informed you that the board of directors at its meeting held on 1 september, 2026 approved ....1 Sep 2026 · Company Update / Change in Management
pursuant to regulation 30 of SEBI(Listing regulations and disclosures requirements),2015 we hereby informed you that the board of director in their meeting held on 1 september 2026 approved ....1 Sep 2026 · Company Update / Change in Management
Pursuant to the provisions of Regulation 30 the company hereby informed the exchange regarding the meeting held on Tuesday, September 01, 2026, at 04:00 P.M.1 Sep 2026 · Others / Outcome without intimation
Pursuant to the Provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirments) Regulations, 2015, we would like to inform/intimate ....20 Aug 2026 · Company Update / General
Pursuant to Regulation 30, read with Schedule III of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the ....14 Aug 2026 · Company Update / Analyst / Investor Meet
The company here informed that the company has sold its vacant land parcel situated at C-10, Bulandshahr Road Industrial Area, Ghaziabad, for a total consideration of Rs. 12.90 Crore (Rupees ....13 Aug 2026 · Company Update / General
Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform/intimate ....28 Jul 2026 · Company Update / General
It is hereby informed that the Group meeting with Analysts/Investors is scheduled to be held by the Company on Tuesday, July 28, 2026, at 04:00 PM21 Jul 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Maiden Forgings Limited ....21 Jul 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Maiden Forgings Limited has commenced operations ....21 Jul 2026 · Company Update / General
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we are pleased to share the business update of M/s Maiden Forgings ....7 Jul 2026 · Company Update / General
The company is hereby submitting the confirmation certificate received from M/s Maashitla Securities Private Limited, Registrar and Transfer Agent of the company, confirming compliance ....6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to the provision of Regulation 30 of SEBI (LODR) Regulation 2015, we would like to inform that the officials of the company participated in an Analyst/Investor meeting held on ....29 Jun 2026 · Company Update / General
Pursuant to Regulation 30, read with Schedule III of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the ....24 Jun 2026 · Company Update / Analyst / Investor Meet
Pursuant to the provision of Regulation 30 of SEBI (LODR) Regulation 2015, we would like to inform that the officials of the company participated in an Analyst/investor meeting held on ....20 Jun 2026 · Company Update / General
Pursuant to the provisions of Regulation 30 read with Schedule III of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby ....13 Jun 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the Company is hereby submitting transcripts of the Earning Conference Call held on Tuesday, June 02, 2026 at 12:00 P.M.4 Jun 2026 · Company Update / Earnings Call Transcript
Video-Audio recording of the discussion on the Audited Financial Results (Consolidated and Standalone) of the Company for the half year and year ended March 31, 2026, at the analyst/investor ....3 Jun 2026 · Company Update / Analyst / Investor Meet
Submission of Investor presentation u/r 30.2 Jun 2026 · Company Update / Investor Presentation
Submission of the Integrated Financials PDF copy30 May 2026 · Company Update / General
Pursuant to Reg 33 of SEBI LODR, Financial result are enclosed30 May 2026 · Company Update / General
Audited financial results for the half yearly and the year ended for the March 31, 2026 (AFR)30 May 2026 · Result / Financial Results
Pursuant to the provisions of Regulations 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and such other rules and regulations, if and as may be applicable, ....30 May 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to the provisions of Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Earnings ....27 May 2026 · Company Update / Analyst / Investor Meet
Maiden Forgings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Dear Sir/Madam, Pursuant to ....26 May 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 the company is hereby submitting the Confirmation certificate ....9 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we hereby submit an update on compnay''s Operational ....9 Apr 2026 · Company Update / General
In terms of Regulation 31(4) of SEBI(SAST) Regulation, 2011, we hereby enclose the yearly disclosure received from the Promoter together with the Person Acting in concert6 Apr 2026 · Company Update / General

Board meetings

13 Nov 2026 Board Meeting - Financial Results