| Annual Financials | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
Revenue  | 204 | 199 | 211 | 221 | 237 | 214 | 232 | 113 |
| Expenses | 191 | 186 | 199 | 199 | 213 | 194 | 217 | 100 |
| EBITDA | 13 | 14 | 12 | 22 | 24 | 20 | 15 | 12 |
| Operating Profit % | 6 % | 7 % | 6 % | 10 % | 10 % | 9 % | 6 % | 5 % |
| Depreciation | 4 | 4 | 3 | 4 | 5 | 4 | 4 | 2 |
| Interest | 7 | 7 | 6 | 6 | 6 | 7 | 7 | 3 |
| Profit Before Tax | 2 | 2 | 3 | 13 | 14 | 9 | 7 | 8 |
| Tax | 1 | 1 | 1 | 4 | 4 | 3 | 2 | 2 |
| Net Profit | 2 | 2 | 2 | 10 | 10 | 6 | 5 | 6 |
| EPS in ₹ | 3.57 | 3.24 | 4.20 | 9.21 | 6.84 | 4.26 | 3.53 | 5.30 |
Maiden Forgings
Maiden Forgings
106.00
-1.50
(-1.40%)
Market Cap
150.67 Cr
PE Ratio
30.45
Volume
6,000.00
Day High - Low
108.00 - 106.00
52W High-Low
125.00 - 63.52
Key Fundamentals
Market Cap
150.67 Cr
EPS
3.53
PE Ratio
30.45
PB Ratio
1.88
Book Value
57.09
EBITDA
14.87
Dividend Yield
0.00 %
Industry
Industrial Products Sector
Iron & Steel Products Return on Equity
7.91
Debt to Equity
0.90
Actual
Company News
View All News
Maiden Forgings AGM Book Closure Dates
9 days ago
9 days agoMaiden Forgings Ltd has announced the book closure period for its 21st Annual General Meeting. The register will be closed from September 21 to September 28, 2026, for voting purposes.
Maiden Forgings Ltd board meeting on Sep 1, 2026 approved appointments of secretarial, internal, and cost auditors for FY27. The company also fixed details for its 21st AGM and recommended re-appointment of Whole Time Director Nivedita Garg.
Maiden Forgings hosts investor meet on Aug 20Aug 20, 2026
Aug 20, 2026Maiden Forgings Limited held a virtual analyst and investor meeting on August 20, 2026. The session involved Q&A with various financial institutions. No UPSI was shared.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
2,676.60 | #1 70,606.20 | 31.57 | 16,905.40 | 19.33 | #1 1,621 | #1 200.09 | 72.99 | |
2,153.50 | 59,793.74 | 49.66 | #1 23,190.80 | 11.57 | 1,203 | 10.92 | 53.74 | |
1,074.80 | 30,001.09 | 27.07 | 18,755.80 | #1 21.88 | 1,060 | 20.64 | 59.06 | |
311.95 | 19,949.46 | 33.82 | 17,986.90 | -14.13 | 925 | -78.15 | 64.73 | |
2,811.40 | 19,705.66 | 38.27 | 4,615.90 | -12.01 | 535 | -15.81 | 64.64 | |
244.45 | 16,453.87 | 21.03 | 5,474.80 | 0.06 | 802 | 2.77 | 49.14 | |
494.50 | 15,069.48 | 29.76 | 3,759.90 | 7.01 | 491 | 40.87 | 46.42 | |
546.40 | 13,183.59 | 30.65 | 4,478.50 | 3.95 | 484 | -28.83 | 34.49 | |
728.90 | 9,767.21 | #1 13.05 | 5,061.90 | -7.39 | 701 | 15.68 | 76.21 | |
89.97 | 8,736.07 | 15.75 | 2,666.90 | -12.30 | -94 | 108.49 | 42.86 |
Growth Rate
Revenue Growth
8.43 %
Net Income Growth
-18.67 %
Cash Flow Change
137.70 %
ROE
-42.26 %
ROCE
-27.65 %
EBITDA Margin (Avg.)
-31.76 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 99 | 105 | 110 | 127 | 149 | 164 | 181 |
| Fixed Assets | 29 | 26 | 25 | 29 | 29 | 37 | 38 |
| Current Assets | 66 | 75 | 81 | 92 | 112 | 122 | 138 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 83 |
| Other Assets | 70 | 79 | 86 | 98 | 119 | 127 | 0 |
| Total Equity & Liabilities | 99 | 105 | 110 | 127 | 149 | 164 | 181 |
| Current Liabilities | 52 | 55 | 59 | 68 | 62 | 67 | 82 |
| Non Current Liabilities | 25 | 21 | 20 | 18 | 16 | 21 | 18 |
| Total Equity | 21 | 29 | 31 | 41 | 71 | 77 | 81 |
| Reserve & Surplus | 17 | 24 | 26 | 30 | 57 | 62 | 67 |
| Share Capital | 5 | 5 | 5 | 10 | 14 | 14 | 14 |
Cash Flow
| Cash Flow | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -1 | 2 | -1 | 0 | -1 | 0 |
| Investing Activities | -3 | -0 | -2 | -9 | -7 | -9 |
| Operating Activities | 3 | -0 | 3 | 12 | -12 | 5 |
| Financing Activities | -1 | 2 | -1 | -2 | 19 | 5 |
Share Holding
| % Holding | Feb 2023 | Apr 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
| Promoter | 100.00 % | 73.37 % | 73.37 % | 73.37 % | 73.37 % | 73.37 % | 71.97 % | 71.97 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.27 % | 0.00 % | 0.00 % | 0.00 % | 0.15 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 20.21 % | 22.66 % | 22.21 % | 22.04 % | 22.54 % | 24.37 % | 24.60 % |
| Others | 0.00 % | 6.42 % | 3.97 % | 4.15 % | 4.58 % | 4.08 % | 3.66 % | 3.29 % |
| No of Share Holders | 8 | 1,196 | 841 | 1,256 | 1,488 | 1,490 | 1,288 | 1,071 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 28 Sept 2026 |  Annual General Meeting | NA | 28 Sept 2026 | 107.65 | 106.25 |
| 30 Sept 2024 | Annual General Meeting | NA | 30 Sept 2024 | 90.30 | 90.00 |
| 14 Nov 2024 |  Quarterly Result Announcement | NA | 14 Nov 2024 | 81.60 | 81.21 |
| 29 May 2025 | Quarterly Result Announcement | NA | 29 May 2025 | 73.15 | 73.10 |
| 30 Sept 2025 | Annual General Meeting | NA | 30 Sept 2025 | 78.75 | 75.00 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 85.00 | 85.57 |
| 18 Nov 2025 |  Extraordinary General Meeting | NA | 18 Nov 2025 | 79.99 | 84.62 |
| 30 May 2026 | Quarterly Result Announcement | NA | 30 May 2026 | 79.23 | 81.00 |
Announcements
Intimation In Relation To Book Closure For The Purpose Of The 21St Annual General Meeting For The Financial Year 2025-269 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication9 days ago
9 days agoReg. 34 (1) Annual Report.9 days ago
9 days agoSubmission Of Notice Convening The 21St Annual General Meeting (AGM) For Financial Year 2025-20269 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Change in ManagementSep 01, 2026
Sep 01, 2026Announcement under Regulation 30 (LODR)-Change in ManagementSep 01, 2026
Sep 01, 2026Announcement under Regulation 30 (LODR)-Change in ManagementSep 01, 2026
Sep 01, 2026Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday September 01 2026 At 04:00 P.M.Sep 01, 2026
Sep 01, 2026Outcome Of Analysts / Investors Meeting Held On 20Th August 2026Aug 20, 2026
Aug 20, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2026
Aug 14, 2026Intimation Regarding Sale Of Vacant Land Parcel Situated At C-10 Bulandshahr Road Industrial Area GhaziabadAug 13, 2026
Aug 13, 2026Outcome Of Analysts / Investors Meeting Held On July 28 2026Jul 28, 2026
Jul 28, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 21, 2026
Jul 21, 2026Intimation For The Commencement Of Operation Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 21, 2026
Jul 21, 2026Intimation For The Commencement Of Operation Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 21, 2026
Jul 21, 2026Disclosure Of Strong Operational Performance For Q1 Of FY 2026-27 Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 07, 2026
Jul 07, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 06, 2026
Jul 06, 2026Outcome Of Analysts / Investors Meeting Held On June 29 2026Jun 29, 2026
Jun 29, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 24, 2026
Jun 24, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 13, 2026
Jun 13, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJun 04, 2026
Jun 04, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJun 03, 2026
Jun 03, 2026Announcement under Regulation 30 (LODR)-Investor PresentationJun 02, 2026
Jun 02, 2026Submission Of Integrated Filing (Financial) For The Half Year And Year Ended 31ST March 2026.May 30, 2026
May 30, 2026Submission Of Audited Financial Results Along With Auditors Audited Report Thereon For The Half Year And Year Ended March 31 2026 Pursuant To Regulation 33 Of The Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) RegulatMay 30, 2026
May 30, 2026Outcome Of The Board Meeting Held On Saturday May 30 2026May 30, 2026
May 30, 2026Board Meeting Outcome for Outcome Of The Board Meeting Held On Saturday May 30 2026May 30, 2026
May 30, 2026Board Meeting Intimation for Intimation About The Meeting Of The Board Of Directors Of Maiden Forgings Limited (Company) To Consider And Approve The Audited Financial Results For The Half Year And Year Ended 31St March 2026May 26, 2026
May 26, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 09, 2026
Apr 09, 2026Regulation 30 Of SEBI (LODR) Regulations 2015- Update On Operational Performance And Capacity Expansion For FY 2025-26Apr 09, 2026
Apr 09, 2026Disclosure Under Regulation 31(4) Of SEBI (SAST) Regulations 2011Apr 06, 2026
Apr 06, 2026Announcement under Regulation 30 (LODR)-Credit RatingApr 02, 2026
Apr 02, 2026Closure of Trading WindowMar 27, 2026
Mar 27, 2026Outcome Of Participation In Virtual Investor SummitMar 07, 2026
Mar 07, 2026Intimation Of Participation In Virtual Investor SummitFeb 27, 2026
Feb 27, 2026Outcome Of Analysts / Investors Meeting Held On February 16 2026Feb 17, 2026
Feb 17, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 06, 2026
Feb 06, 2026Intimation Of Registration Of M/S Maiden Forgings Limited As Approved Industry Partner With DRDO - Terminal Ballistics Research Laboratory (TBRL)Jan 20, 2026
Jan 20, 2026Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure
Requirements) Regulations 2015
Jan 16, 2026
Jan 16, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 14, 2026
Jan 14, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 12, 2026
Jan 12, 2026Intimation Regarding Receipt Of In-Principle Approval For Issue Of 2500000 Equity Shares Of Rs. 10/- Each To Be Issued Through Preferential IssueDec 31, 2025
Dec 31, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeDec 17, 2025
Dec 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDec 12, 2025
Dec 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeDec 12, 2025
Dec 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDec 05, 2025
Dec 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDec 05, 2025
Dec 05, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 25, 2025
Nov 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 22, 2025
Nov 22, 2025Technical Indicators
RSI(14)
Neutral 51.99
ATR(14)
Less Volatile 3.75
STOCH(9,6)
Oversold 13.50
STOCH RSI(14)
Oversold 5.50
MACD(12,26)
Bearish -0.85
ADX(14)
Strong Trend 37.25
UO(9)
Bullish 16.25
ROC(12)
Downtrend And Accelerating -0.70
WillR(14)
Oversold -94.94
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