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 ₹ 143 Cr.
- Current Price ₹ 100
- High / Low ₹ 139 / 82.6
- Stock P/E 14.7
- Book Value ₹ 49.9
- Dividend Yield 0.00 %
- ROCE 18.1 %
- ROE 23.9 %
- 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 | |
|---|---|---|---|---|---|
| 204 | 199 | 210 | 221 | 236 | |
| 191 | 186 | 198 | 199 | 213 | |
| Operating Profit | 13 | 13 | 12 | 22 | 23 |
| OPM % | 6% | 7% | 6% | 10% | 10% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 7 | 7 | 6 | 5 | 6 |
| Depreciation | 4 | 4 | 3 | 4 | 4 |
| Profit before tax | 2 | 2 | 3 | 13 | 14 |
| Tax % | 28% | 29% | 27% | 28% | 29% |
| 2 | 2 | 2 | 10 | 10 | |
| EPS in Rs | 3.57 | 3.24 | 4.20 | 9.22 | 6.84 |
| 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: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 24% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 10 | 14 |
| Reserves | 17 | 24 | 26 | 30 | 57 |
| 63 | 61 | 62 | 68 | 63 | |
| 14 | 15 | 17 | 19 | 15 | |
| Total Liabilities | 99 | 105 | 110 | 127 | 149 |
| 29 | 26 | 24 | 29 | 29 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 70 | 79 | 86 | 98 | 119 | |
| Total Assets | 99 | 105 | 110 | 127 | 149 |
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 | |
| Inventory Days | 48 | 75 | 81 | 99 | |
| Days Payable | 26 | 26 | 14 | 25 | |
| Cash Conversion Cycle | 77 | 110 | 114 | 116 | |
| Working Capital Days | 79 | 92 | 107 | 118 | |
| ROCE % | 11% | 10% | 19% |
Documents
Announcements
-
Outcome Of Virtual Roadshow Held On 22Nd July, 2024
22 Jul - Officials of the Company participated in the Virtual Roadshow held on 22nd July, 2024 at 04:00 PM in Virtual Mode.
- Intimation In Relation To The Virtual Roadshow To Be Organised By The Company On Monday, July 22, 2024 At 04:00 P.M 17 Jul
-
General-Update
15 Jul - Of Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Company is hereby submitting Investor presentation on Audited Financial Results of …
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jul - Dear Sir/Madam, With reference to the above mentioned matter, the Company is hereby submitting the confirmation certificate as provided by the Registrar and Transfer Agent …
-
Outcome Of Analysts'/Investors' Meeting Held On 07Th June, 2024
8 Jun - Securities Exchange Board of India (LODR) Regulations, 2014, we would like to submit the list of participants participated in the Analyst/ Investor meeting held on …
Annual reports
Concalls
-
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.