NSE:MAHASTEEL

MAHAMAYA STEEL INDS LTD

1,105.00
at close · 21 Sept 2026
36.90 (-3.23%)

Latest filings

  1. August 2026 sales volume reported at 19,610 MT · Business Updates
  2. Vijay Rathee buys 0.19% stake in Mahamaya Steel via open market · Ownership Changes
  3. SAST disclosure from promoter group members Rathee filed with exchange · Ownership Changes
  4. Mahamaya Steel: Newspaper Publication of 38th AGM Notice · Compliance
  5. Mahamaya Steel board clears new auditor, Rs 900 Cr borrowing cap · Management Changes
  6. Board outcome: new auditor, ID re-appointment, borrowing limit raised to Rs 900 Cr · Management Changes
  7. 38th AGM notice on Sep 25, 2026; key items include borrowings up to Rs 900 cr · Board & Shareholder Meetings
  8. Board clears auditor change, director re-appointment, Rs 900 Cr borrowing limit hike · Management Changes
  9. Board clears auditor change, director re-appointment, higher borrowing limits · Management Changes
  10. Board approves new auditor, director re-appointment, higher borrowing limits · Management Changes
  11. Mahamaya Steel AGM notice published in newspapers; 38th meeting on 25 Sept 2026 · Compliance
  12. Board fixes AGM date for September 25, 2026 · Board & Shareholder Meetings
  13. Board meeting on August 22, 2026 to decide AGM date and appoint scrutinizer · Board & Shareholder Meetings
  14. Q1 FY27 Results: Revenue up 29% YoY, Net Profit up 29% YoY · Compliance
  15. Mahamaya Steel to set up captive solar plant, buys 350 acres for Rs 70 Cr · Capex & Operations
  16. Material issue disclosure by Mahamaya Steel Industries · General
  17. Mahamaya Steel informs disclosure of material issue · General
  18. Mahamaya Steel to acquire 350 acres of land for solar power plant · Capex & Operations
  19. Quarterly Unaudited Results for Quarter Ended 30 June 2026 · Results
  20. Board meeting on 13 Aug 2026 to consider Q1 FY27 results · Board & Shareholder Meetings
  21. July 2026 sales volume: 15,589 MT reported · Business Updates
  22. Compliance certificate for share dematerialisation for Q1 FY27 · Compliance
  23. Non-promoter Vijay Rathee crosses 5 percent in Mahamaya Steel via open market buy · Ownership Changes
  24. External acquirer Vijay Rathee crosses 5% stake in Mahamaya Steel · Ownership Changes
  25. Mahamaya Steel reports June 2026 sales of 17,485 MT · Business Updates
  26. Mahamaya Steel reports monthly sales for June 2026 · Business Updates
  27. Trading window closed for Mahamaya Steel officials · Compliance
  28. Trading Window Closed Until Q1 FY27 Results · Compliance
  29. Mahamaya Steel re-appoints independent director for second term · Management Changes
  30. Independent Director Re-Appointment Recommended by Board · Management Changes
  31. Board recommends reappointment of Independent Director for 2nd term of 5 years · Management Changes
  32. Independent Director Reappointed for Second 5-Year Term · Management Changes
  33. Brickwork assigns BWR BBB+ rating to bank facilities · Credit & Debt
  34. Brickwork assigns BBB+/Stable rating to bank facilities worth Rs 51.47 Cr · Credit & Debt
  35. Brickwork assigns BWR BBB+/Stable rating to bank facilities · Credit & Debt
  36. Credit rating assigned for bank facilities worth Rs 51.47 crore · Credit & Debt
  37. Mahamaya Steel Industries Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  38. Newspaper Publication Audited Results 31.03.2026 · Compliance
  39. Outcome of Board Meeting · Results
  40. Outcome of Board Meeting · Results
  41. Mahamaya Steel Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026. · Results
  42. Audited Financial Results for the quarter and year ended 31.03.2026 · Results
  43. Mahamaya Steel Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve To consider and approve .... · Board & Shareholder Meetings
  44. Mahamaya Steel Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. · Ownership Changes
  45. Mahamaya Steel Industries Limited has informed the Exchange regarding Monthly Business Updates for the month of April 2026 · Business Updates
  46. Sales Figures for the Month of April, 2026 · Business Updates
  47. RAJESH AGRAWAL has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. · Ownership Changes
  48. Mahamaya Steel Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. · Ownership Changes
  49. Mahamaya Steel Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 · Compliance
  50. Mahamaya Steel reports March 2026 sales of 13,982.83 MT · Business Updates
All filings ↓
Ask Nexa about MAHAMAYA STEEL INDS LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures structural steel products such as joists, channels, angles, flats, rounds, blooms and billets, selling them to large public-sector buyers and a few private firms. Monthly volumes have run in the high-teens to low-twenties of thousand metric tonnes — 21,467.96 MT in April 2026 and 17,485.14 MT in June 2026. The customer book includes SAIL, BHEL, NTPC, ONGC, GAIL, RDSO, BSP, DGS&D, DMRC and Reliance Industries, with the company holding approved-supplier status at each. Raw materials accounted for 80.7% of FY26 revenue of Rs 882.85 crore, leaving an EBITDA margin of 2.94%. Working-capital and capex needs are met via Rs 50 crore of cash credit from UCO Bank, with total long-term bank facilities of Rs 51.47 crore rated BWR BBB+ with Stable outlook. Borrowings rose during the year — qualified borrowings climbed from Rs 4.21 crore to Rs 18.78 crore — and an electricity duty subsidy receivable of Rs 1,105.69 lakh was flagged by auditors as having uncertain collectability.

Operating scale
Sales volume, April 2026
21,467.960 metric tonnesApril 2026
Sales volume, June 2026
17,485.14 metric tonnesJune 2026
Long-term bank facilities (rated)
Rs 51.47 crore (BWR BBB+/Stable)Rated 22 June 2026
Cash credit limit from UCO Bank
Rs 50 croreFY26
Total equity capital
16,434,400 shares of Rs 10 face valueFY26
Who pays it
Approved supplier to Indian PSUs including SAIL, BHEL, NTPC, ONGC, GAIL, RDSO, BSP, DGS&D, DMRC, and private firms such as Reliance Industries
Biggest cost
Raw materials at 80.7% of FY26 revenue
Kind of business
Cyclical, thin-margin structural steel manufacturer
Where it sits
Approved vendor to multiple major Indian public-sector buyers
Market Cap
₹1,816 Cr
P / E (TTM)
181.4×
EV / EBITDA
71.5×
Div Yield
Growth
28.6%
Revenue 5y CAGR
PAT +61.3% · EBITDA +14.3%
Quality
7.1%·
ROCE (5y median)
ROE 4.8% · margin 2.9%
Leverage
0.37·
Debt / Equity · low
Net debt ₹58 Cr
Revenue FY21→FY26
3.5×
Margin +0.7 pts
₹251 Cr → ₹883 Cr
Cash conversion
2.17×
Operating cash ÷ profit · 5 yrs
₹74 Cr on ₹34 Cr
Moves on a normal day
2.00%·
Median daily move
Last 268 sessions · filing days run larger

Scorecard

Measured from the filed financials · as of FY26 — not investment advice

Strengths
Revenue compounding 29% a year over 5 years
Profit compounding 61% a year over 5 years
Profit grew in every one of the last 5 years
Debt at 0.37× equity
Over 5 years it reported ₹34 Cr of profit and ₹74 Cr of operating cash — 2.17×
Profit is converting into cash
Concerns
Returns on capital 7.1% (5-year median)
up from 5.1% in FY21
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MAHAMAYA STEEL INDS LTD's filed financials and exchange disclosures

What does MAHAMAYA STEEL INDS LTD do?

MAHAMAYA STEEL INDS LTD is listed on NSE and BSE, trading under the symbol MAHASTEEL.

Is MAHAMAYA STEEL INDS LTD profitable?

Yes. Over the trailing twelve months MAHAMAYA STEEL INDS LTD reported a net profit of ₹10 Cr on revenue of ₹943 Cr.

Does MAHAMAYA STEEL INDS LTD pay a dividend?

Not in the latest reported year — MAHAMAYA STEEL INDS LTD's dividend payout for FY26 was nil.

Is MAHAMAYA STEEL INDS LTD debt-free?

No. Debt stands at 0.37× equity, and it carries net debt of ₹58 Cr.

How much does the MAHAMAYA STEEL INDS LTD share price move in a day?

On a typical session MAHAMAYA STEEL INDS LTD moves 2.00% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.

Where can I track MAHAMAYA STEEL INDS LTD's announcements?

Every NSE and BSE filing by MAHAMAYA STEEL INDS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.