Maiden Forgings

Which are the latest news on Maiden Forgings?

Why is Maiden Forgings Ltd falling/rising?

As of 05-Sep, Maiden Forgings Ltd's stock price is at 107.00, down 0.6%, and has underperformed its sector by 1.62%. Despite a strong long-term performance, short-term challenges and negative market sentiment are impacting the stock's momentum.

As of 05-Sep, Maiden Forgings Ltd's stock price is currently at 107.00, reflecting a decrease of 0.65, or 0.6%. The stock has underperformed its sector today by 1.62% and has experienced a trend reversal, falling after two consecutive days of gains. <BR><BR>Despite a positive performance over the longer term, with a year-to-date increase of 16.93% and a one-year increase of 41.72%, the stock is facing short-term challenges. The moving averages indicate that while the stock is higher than the 5-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 20-day moving average, suggesting a potential shift in momentum. <BR><BR>Additionally, while there has been a rise in investor participation, with delivery volume increasing by 44.74% against the 5-day average, the overall market sentiment appears to be negative, contributing to the stock's current decline.

What does Maiden Forgings do?

Maiden Forgings Ltd manufactures bright steel and wires in the Iron & Steel Products industry and is classified as a Micro Cap company. It was incorporated in 2005 and became a Public Limited Company in 2022, with a market cap of INR 152 Cr.

Overview:<BR>Maiden Forgings Ltd is engaged in the manufacturing of a wide range of bright steel and wires, operating within the Iron & Steel Products industry and classified as a Micro Cap company.<BR><BR>History:<BR>Maiden Forgings Ltd was originally incorporated on February 11, 2005, as a Private Limited Company under the name "Maiden Forgings Private Limited." The company later changed its name to "Maiden Forgings Limited" and converted into a Public Limited Company, receiving a fresh Certificate of Incorporation on December 02, 2022. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 152 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 30.00<BR>Industry P/E: 25<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.83<BR>Return on Equity: 6.19%<BR>Price-to-Book: 1.87<BR><BR>Contact Details:<BR>Registrar Address: Not available.

Who are the peers of the Maiden Forgings?

Peers of Maiden Forgings include Shah Alloys, National Fitting, Sh. Bajrang All., Incredible Indus, Kanishk Steel, Garg Furnace, Surani Steel Tub, Kritika Wires, and Jay Bee Laminati. Maiden Forgings has a 1-year return of 38.15%, with management and growth risks rated below average compared to its peers.

Peers: Shah Alloys, National Fitting, Sh. Bajrang All., Incredible Indus, Maiden Forgings, Kanishk Steel, Garg Furnace, Surani Steel Tub, Kritika Wires, Jay Bee Laminati.<BR><BR>Quality Snapshot: Excellent management risk is observed at Garg Furnace and Jay Bee Laminati, while Average management risk is found at Shah Alloys and National Fitting. Below Average management risk is noted for Sh. Bajrang All., Incredible Indus, Maiden Forgings, Kanishk Steel, Surani Steel Tub, and Kritika Wires. Growth is Excellent at National Fitting, Average at Shah Alloys, while Below Average growth is seen in Sh. Bajrang All., Incredible Indus, Maiden Forgings, Kanishk Steel, Surani Steel Tub, and Kritika Wires. Capital Structure is Excellent at National Fitting, Good at Garg Furnace and Jay Bee Laminati, and Below Average at Shah Alloys, Sh. Bajrang All., Incredible Indus, Maiden Forgings, Kanishk Steel, Surani Steel Tub, and Kritika Wires.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Shah Alloys at 89.92%, while Incredible Indus has the lowest at -20.99%. Maiden Forgings has a 1-year return of 38.15%, which is significantly higher than Incredible Indus but lower than Shah Alloys. Additionally, Kanishk Steel and Garg Furnace have negative six-month returns.

How big is Maiden Forgings?

As of 10th June, Maiden Forgings Ltd has a market capitalization of 115.00 Cr, classifying it as a Micro Cap company, with Shareholder's Funds of 76.47 Cr and Total Assets of 164.24 Cr reported as of March 2025. There is no valid financial data available for the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Maiden Forgings Ltd has a market capitalization of 115.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for the latest four quarters, including Net Sales and Net Profit.<BR><BR>Balance Sheet Snapshot: The latest reporting period is March 2025, with Shareholder's Funds amounting to 76.47 Cr and Total Assets valued at 164.24 Cr.

When is the next results date for Maiden Forgings Ltd?

The next results date for Maiden Forgings Ltd is 30 May 2026.

The next results date for Maiden Forgings Ltd is scheduled for 30 May 2026.

Is Maiden Forgings overvalued or undervalued?

As of November 18, 2025, Maiden Forgings is considered very expensive and overvalued compared to its peers, with a PE Ratio of 20.08 and an EV to EBITDA of 9.78, despite a modest return of 8.92% over the past month, which underperforms the Sensex's 0.86% return.

As of 18 November 2025, Maiden Forgings' valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently considered overvalued based on its key financial ratios, including a PE Ratio of 20.08, an EV to EBITDA of 9.78, and a Price to Book Value of 1.55. <BR><BR>In comparison to its peers, Maiden Forgings stands out unfavorably; for instance, JSW Steel has a PE Ratio of 46.33 and an EV to EBITDA of 13.64, while Tata Steel is valued at a PE Ratio of 28.91 with an EV to EBITDA of 10.5. These comparisons highlight that Maiden Forgings is trading at a premium relative to its peers, reinforcing the view that it is overvalued. Additionally, while the stock has shown a modest return of 8.92% over the past month, it still lags behind the Sensex's return of 0.86% during the same period, further suggesting that the stock may not be a compelling investment at its current valuation.

How has been the historical performance of Maiden Forgings?

Maiden Forgings' historical performance shows a decline in net sales and profits from March 2024 to March 2025, with net sales dropping from 236.10 Cr to 212.91 Cr and profit after tax decreasing from 9.72 Cr to 6.05 Cr. However, the company improved its cash flow from operating activities to 4.00 Cr and experienced growth in total assets and liabilities.

Answer:<BR>The historical performance of Maiden Forgings shows a mixed trend in its financial metrics over the past five years.<BR><BR>Breakdown:<BR>Maiden Forgings' net sales peaked at 236.10 Cr in March 2024 but decreased to 212.91 Cr by March 2025. The total operating income followed a similar pattern, declining from 236.10 Cr in March 2024 to 212.91 Cr in March 2025. The raw material cost also decreased from 201.48 Cr in March 2024 to 177.17 Cr in March 2025, while total expenditure (excluding depreciation) fell from 213.24 Cr to 193.66 Cr in the same period. Operating profit (PBDIT) decreased from 24.07 Cr in March 2024 to 19.91 Cr in March 2025, reflecting a decline in operating profit margin from 9.68% to 9.04%. Profit before tax also saw a drop from 13.71 Cr to 8.54 Cr, leading to a profit after tax of 6.05 Cr in March 2025, down from 9.72 Cr in March 2024. The company's total assets increased from 148.61 Cr in March 2024 to 164.24 Cr in March 2025, while total liabilities rose from 148.61 Cr to 164.24 Cr, indicating a consistent growth in both assets and liabilities. Cash flow from operating activities turned positive at 4.00 Cr in March 2025, contrasting with a negative cash flow of -11.00 Cr in March 2024. Overall, while Maiden Forgings experienced a decline in sales and profits in the latest fiscal year, it managed to improve its cash flow position and maintain growth in total assets.

Who are the top shareholders of the Maiden Forgings?

The top shareholder of Maiden Forgings is Nivedita Garg, who holds 44.02% of the shares. Individual investors collectively own 22.54%, with no pledged promoter holdings or investments from mutual funds or foreign institutional investors.

The top shareholders of Maiden Forgings are primarily the promoters, with Nivedita Garg holding the largest share at 44.02%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. Additionally, individual investors collectively hold 22.54% of the shares.

What is the technical trend for Maiden Forgings?

As of June 4, 2025, Maiden Forgings shows a mildly bearish trend due to daily moving averages, despite some bullish signals from weekly indicators and Dow Theory, indicating underlying weakness against the Sensex.

As of 4 June 2025, the technical trend for Maiden Forgings has changed from sideways to mildly bearish. The daily moving averages indicate a bearish stance, while the weekly MACD and Bollinger Bands show mildly bullish signals. However, the overall sentiment is tempered by the bearish monthly Bollinger Bands and the lack of signals from the RSI. The Dow Theory supports a mildly bullish view on the weekly and monthly time frames, but the recent performance against the Sensex, particularly the year-to-date and one-year returns, suggests underlying weakness. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the recent trend change.

Has Maiden Forgings declared dividend?

No Dividend History Available