| 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
77.01
0.00
(0.00%)
Market Cap
109.40 Cr
PE Ratio
21.82
Volume
0.00
Day High - Low
- - -
52W High-Low
96.85 - 63.52
Key Fundamentals
Market Cap
109.40 Cr
EPS
3.53
PE Ratio
21.82
PB Ratio
1.35
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 Limited will hold a virtual group meeting with investors and analysts on June 18, 2026, at 02:00 PM IST. The discussion will rely on publicly available information.
Maiden Forgings Q1FY27 earnings call on June 2
Jun 03, 2026
Jun 03, 2026Maiden Forgings Limited will hold a virtual earnings conference call for Q1FY27 on June 02, 2026, at 12:00 P.M. under Regulation 30.
Maiden Forgings board to meet on May 30May 26, 2026
May 26, 2026Maiden Forgings Limited will hold a board meeting on May 30, 2026, to consider audited financial results for the half-year and year ended March 31, 2026.
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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 |
|---|---|---|---|---|---|---|---|---|
1,871.60 | #1 51,962.36 | 42.94 | #1 22,383.60 | 7.69 | 1,223 | 20.91 | 53.74 | |
1,423.40 | 37,547.96 | 22.74 | 16,770.10 | 18.37 | #1 1,841 | -46.87 | 63.35 | |
970.30 | 27,084.16 | 25.67 | 18,552.20 | #1 20.72 | 1,054 | 41.53 | 56.56 | |
2,770.90 | 19,421.79 | 34.32 | 4,493.96 | -14.34 | 542 | -42.96 | 64.44 | |
269.10 | 18,061.13 | 22.72 | 5,380.65 | -1.66 | 856 | 26.39 | 37.21 | |
713.35 | 17,211.78 | 36.79 | 4,418.92 | 2.57 | 446 | 5.59 | 54.20 | |
260.88 | 16,683.49 | 18.24 | 17,986.90 | -14.13 | 925 | 42.35 | 61.69 | |
476.05 | 14,507.23 | 32.07 | 3,691.06 | 5.05 | 497 | 46.68 | 46.28 | |
89.68 | 8,707.91 | 18.92 | 2,666.90 | -12.30 | -94 | #1 87.89 | 40.61 | |
630.65 | 8,450.66 | #1 12.08 | 4,674.34 | -14.48 | 745 | -57.57 | 53.85 |
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 |
|---|---|---|---|---|---|
| 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
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 days ago
7 days agoAnnouncement 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, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 20, 2025
Nov 20, 2025Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportNov 20, 2025
Nov 20, 2025Shareholder Meeting / Postal Ballot-Outcome of EGMNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 15, 2025
Nov 15, 2025Submission Of Unaudited Financial Results Along With Limited Review Report For The Half Year Ended September 30 2025 Pursuant To Regulation 33 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Nov 14, 2025
Nov 14, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On Friday November 14 2025 Pursuant To Regulation 30 Of The Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Nov 14, 2025
Nov 14, 2025Addendum/ Corrigendum To The Notice Of Extra-Ordinary General Meeting Dated October 24 2025Nov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 11, 2025
Nov 11, 2025Intimation Regarding Registration Of Maiden Forgings Limited With Centre For Military Airworthiness & Certification (CEMILAC)Nov 10, 2025
Nov 10, 2025Board Meeting Intimation for Intimation About The Meeting Of The Board Of Directors Of M/S Maiden Forgings Limited To Consider And Approve The Unaudited Financial Results For The Half Year Ended September 302025.Nov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 01, 2025
Nov 01, 2025General Announcement For Registration As A Supplier At Ordnance Factory BoardOct 29, 2025
Oct 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 28, 2025
Oct 28, 2025Notice Of Extra-Ordinary General Meeting To Be Held On November 18 2025Oct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Preferential IssueOct 24, 2025
Oct 24, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On October 24 2025Oct 24, 2025
Oct 24, 2025Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 24 October 2025Oct 16, 2025
Oct 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 06, 2025
Oct 06, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportOct 01, 2025
Oct 01, 2025Technical Indicators
RSI(14)
Neutral 45.83
ATR(14)
Less Volatile 2.87
STOCH(9,6)
Neutral 45.01
STOCH RSI(14)
Neutral 60.95
MACD(12,26)
Bearish -0.08
ADX(14)
Weak Trend 15.11
UO(9)
Bearish 44.25
ROC(12)
Downtrend And Accelerating -4.93
WillR(14)
Neutral -61.66
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