Maiden Forgings Ltd
Incorporated in 2005, Maiden Forgings
Ltd does manufacturing and sales of
ferrous metal products including steel
bright bars, wires, profiles, ground bars
and nails[1]
- Market Cap ₹ 114 Cr.
- Current Price ₹ 80.0
- High / Low ₹ 131 / 76.6
- Stock P/E 11.9
- Book Value ₹ 52.8
- Dividend Yield 0.00 %
- ROCE 16.4 %
- ROE 17.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 204 | 199 | 210 | 221 | 236 | 230 | |
| 191 | 186 | 198 | 199 | 213 | 208 | |
| Operating Profit | 13 | 13 | 12 | 22 | 23 | 22 |
| OPM % | 6% | 7% | 6% | 10% | 10% | 10% |
| 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 7 | 7 | 6 | 5 | 6 | 6 |
| Depreciation | 4 | 4 | 3 | 4 | 4 | 3 |
| Profit before tax | 2 | 2 | 3 | 13 | 14 | 13 |
| Tax % | 28% | 29% | 27% | 28% | 29% | |
| 2 | 2 | 2 | 10 | 10 | 10 | |
| EPS in Rs | 3.57 | 3.24 | 4.20 | 9.22 | 6.84 | 6.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 79% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 10 | 14 | 14 |
| Reserves | 17 | 24 | 26 | 30 | 57 | 61 |
| 63 | 61 | 62 | 68 | 63 | 76 | |
| 14 | 15 | 17 | 19 | 15 | 8 | |
| Total Liabilities | 99 | 105 | 110 | 127 | 149 | 159 |
| 29 | 26 | 24 | 29 | 29 | 39 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 70 | 79 | 86 | 98 | 119 | 119 | |
| Total Assets | 99 | 105 | 110 | 127 | 149 | 159 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 3 | -0 | 3 | 11 | -12 | |
| -3 | -0 | -2 | -9 | -7 | |
| -1 | 2 | -1 | -2 | 19 | |
| Net Cash Flow | -1 | 2 | -1 | 0 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 55 | 61 | 47 | 41 | 34 |
| Inventory Days | 48 | 75 | 81 | 99 | 124 |
| Days Payable | 26 | 26 | 14 | 25 | 17 |
| Cash Conversion Cycle | 77 | 110 | 114 | 116 | 141 |
| Working Capital Days | 79 | 92 | 107 | 118 | 147 |
| ROCE % | 11% | 10% | 19% | 16% |
Documents
Announcements
-
Earnings Conference Call Presentation And Earning Release H1 FY25.
2d - Investor presentation highlights financials and new orders.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - The Earnings Conference Call for H1 FY 25 will be organized by the Company on Tuesday, November 26, 2024 at 04:00 P.M hosted by Kirin …
-
Submission Of Unaudited Standalone Financial Results Along With Limited Review Report Thereon For The Half Year Ended September 30, 2024 Pursuant To Regulation 33 Of The Securities Exchange Board Of India (LODR) Regulations, 2015
18 Nov - Submission of unaudited financial results for H1 2024.
-
Declaration In Relation To Non-Applicability For Making Disclosures Of Related Party Transaction As Per Regulation 23 Of Securities Exchange Board Of India (LODR) Regulations, 2015
14 Nov - Declaration of non-applicability for related party transaction disclosures.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, November 14, 2024 At 05:00 P.M. At The Corporate Office Of The Company Situated At E 201, Sec 17, Kavi Nagar, Ind Area, Ghaziabad-201002
14 Nov - Board approved financial results and delegated borrowing powers.
Annual reports
Concalls
-
Nov 2024TranscriptNotesPPT
-
Jul 2024TranscriptNotesPPT
-
Jun 2024TranscriptPPT
-
Nov 2023Transcript PPT
-
Jun 2023Transcript PPT
Business Overview:[1]
MFL manufactures a wide range of Bright
Steel bars and wires including value-added
& specialized products, etc. in a large assortment of sizes starting from 0.19mm up to 100mm, from different grades of steel and in different shapes.