What the business is, and whether it's a good one at a fair price.
Manufactures steel bright bars, wires and pneumatic nails from an integrated plant at Bhojpur/Modinagar that is consolidating two older facilities. Operates a diversified B2B/B2C/B2G model serving roughly 450 customers across industrial buyers, defence and government bodies (registrations with DRDO's TBRL and CEMILAC, Ordnance Factory Board at Kolkata and Muradnagar; orders delivered to HAL, BHEL and NTPC) and consumer channels including Amazon India. FY26 production hit a record 35,546 MT against installed capacity of 53,000 MT, with capacity utilisation around 72–74%, and FY26 revenue from operations was ₹231.61 cr (H2 FY26 at ₹122.60 cr). The company is forward-integrating into higher-margin GI wires (stated target 20–25% gross margin) and stainless-steel components from the new facility, and has set up a 100%-owned Dubai subsidiary for overseas distribution. Raw materials dominate costs at 86.7% of revenue, with a back-to-back raw-material model used to hedge steel input prices. The 4-acre Modinagar plant is expected to lift capacity to ~63,000 MT, take utilisation to 85% from August/September 2026, and deliver stated annual cost savings of about ₹2.5 cr.
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice
Not enough history to assess.How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from Maiden Forgings Limited's filed financials and exchange disclosures
Maiden Forgings Limited is a Industrial Products company listed on BSE.
Effectively yes. It holds ₹0 Cr more cash than debt.
On trailing P/E, Maiden Forgings Limited ranks 46 of 118 in Iron & Steel Products — cheaper than 62% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.
On a typical session Maiden Forgings Limited moves 1.17% — that is the median absolute close-to-close move across its last 256 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by Maiden Forgings Limited 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.
