BSEMaiden Forgings LtdMediumNeutral
Announced Tue, 2 Jun · 10:54 IST

Submission of Investor presentation u/r 30.

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

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₹78.00
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AI summary

Maiden Forgings reported FY26 total income of ₹233.96 Cr, up from ₹213.57 Cr in FY25, with EBITDA at ₹17.22 Cr and PAT at ₹5.02 Cr — both lower than the previous year. H2 FY26 was the highlight, with net profit jumping 46.37% YoY to ₹2.93 Cr on revenue of ₹122.60 Cr (up 17.46% YoY). The company achieved its highest-ever production of 35,546 MT and added 40+ new clients. It secured key defence registrations (CEMILAC, OFB Muradnagar) and won its first B2G order from HAL. A 4-acre land acquisition in Modinagar will enable plant consolidation, expected to deliver ₹2.5 Cr in annual cost savings, alongside a planned solar plant.

Likely market impact

Short-term mixed — H2 FY26 PAT growth of 46% signals improving momentum, but full-year EBITDA margin compressed sharply to 7.36% from 10.14% in FY24, raising concerns. Medium-term outlook looks positive as defence/B2G entry, plant consolidation savings, and shift to higher-margin SS products could support margin recovery and revenue growth.