Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Company is hereby submitting transcript of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Maiden Forgings reported H1 FY26 total income of INR 111.36 crores, EBITDA of INR 6.74 crores (6.05% margin), and net profit of INR 2.1 crores (1.88% margin), with the highest-ever H1 sales volume of ~16,873 tons despite weak steel prices. The company is gearing up for two new high-margin product lines — GI wire and stainless steel machine components — expected to launch from Q1 FY27. A new integrated 4-acre facility in Modinagar (operational by July FY27) will consolidate two existing units and save INR 2.5–4 crores annually, while capacity expands from 53,000 MT to 62,000 MT, unlocking potential revenue of INR 700–800 crores. Defence and B2G traction is accelerating with new Ordnance Factory Board (Murad Nagar) and CEMILAC DRDO registrations, with management targeting ~10% of revenue from B2G next fiscal. A fundraise is in progress, with proceeds earmarked for capex, working capital, and meaningful debt reduction.
Short-term stock reaction may be muted as H1 financials were flat due to low steel prices, but the strong volume growth, new product pipeline, defence registrations, and cost-saving Modinagar facility set the stage for materially better revenue and margins from FY27 onward, making this a 'wait-and-watch' positive for shareholders.