Maiden Forgings share price
BSE: 543874Industrial ProductsSmall Cap
Last close ₹94.00down ₹1.70 (1.78%)
Share price at the BSE close on 23 Oct 2026. Previous close ₹95.70.
52-week range of traded prices to 23 Oct 2026
₹63.52Low, 30 Mar 2026₹125.00High, 10 Sep 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹134 Cr2,793rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 30 May 2026
- 26.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 30 May 2026
- 1.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 30 May 2026
- 6.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 May 2026
- 0.64
- Volume, BSEVolume. Shares traded on the last trading day.
- 9,000
Results
Standalone; ₹ crore, the charts by years to March, the table by half year.Half-yearly results
Half year to Mar 2026, against the half year beforeFiled 30 May
- RevenueRevenue. The pill is the change in revenue against the half year before: this period's figure divided by that one's, less one, in per cent.
- ₹122 Crup 11.63%
- Net profitNet profit. The pill is the change in net profit against the half year before: this period's figure divided by that one's, less one, in per cent.
- ₹2.93 Crup 39.54%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 2.4%
Revenue by year
Peak revenue ₹236 Cr, year to Mar 2024
Net profit by year, a loss in red
| ₹ crore | Sep 2023Filed 30 Nov | Sep 2024Filed 27 Nov | Mar 2025Filed 29 May | Sep 2025Filed 14 Nov | Mar 2026Filed 30 May |
|---|---|---|---|---|---|
| Revenue | 116 | 109 | 104 | 109 | 122 |
| Net profit | 4 | 4 | 2 | 2 | 3 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 3.6% | 3.7% | 1.9% | 1.9% | 2.4% |
Standalone. The half years from Sep 2023, the first on record, but for those filed as quarters, which are below. The latest is shaded.
| ₹ crore | Mar 2023Filed 16 Jun | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024Filed 12 Jul |
|---|---|---|---|---|---|
| Revenue | 112 | – | – | – | 236 |
| Net profit | 5 | – | – | – | 10 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 4.0% | – | – | – | 4.1% |
Standalone. The quarters the company also filed in the same span. No results on record for the quarters to Jun 2023, Sep 2023 and Dec 2023.
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of wide range of Bright Steel bars and wires, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: a period of the last twelve months does not state its operating profit. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 26% of 236 trading days over the last year.
LowestHighest
Its median29.1Industry median17.3
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 68% of 236 trading days over the last year.
LowestHighest
Its median1.6Industry median1.5
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +8.5% | −17.1% | +30.9% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Peers and competitors
Iron & Steel Products, 146 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Maiden Forgings in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 De Neers ToolsDENEERS | 149 | 5.9 | – | – | – | – | 30.4% | – | 0.00% |
 Shah AlloysSHAHALLOYS | 137 | 1.9 | 1.2 | – | −92.1% | – | 96.1% | −8.9% | 0.00% |
 Incredible IndustriesINCREDIBLE | 137 | 11.6 | 0.9 | 6.7 | +5.1% | −19.3% | 7.8% | 9.6% | 0.00% |
 Tikona CommunicationTIKONA | 136 | 55.6 | – | 47.5 | – | – | – | 224.0% | 0.00% |
 Steelco GujaratSTEELCO | 128 | – | – | – | +2,525.0% | – | −222.7% | −11.0% | 0.00% |
 Shri Bajrang AllianceSHBAJRG | 128 | 2.8 | 0.3 | 55.7 | −19.8% | +32.5% | 12.6% | 0.1% | 0.00% |
 Garg FurnaceGARGFUR | 123 | 11.3 | – | – | – | – | 13.6% | 8.8% | 0.00% |
 Kritika WiresKRITIKA | 120 | 18.6 | 1.2 | 12.8 | −17.1% | −31.3% | 6.6% | 5.9% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
Maiden Forgings share price by year
Each calendar year to 2025.Maiden Forgings share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 91.51 | +17.7% | 93.50 | 52.00 |
| 2024 | 77.74 | −30.3% | 120.55 | 73.02 |
| 2023 | 111.55 | – | 133.25 | 56.87 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 6 Apr 2023.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 23 Oct 2026 | 95.00 | 95.00 | 93.00 | 94.00 | 93.58 | 9,000 |
| 22 Oct 2026 | 94.50 | 96.90 | 94.50 | 95.70 | 95.70 | 2,000 |
| 21 Oct 2026 | 98.00 | 98.00 | 95.00 | 95.00 | 96.18 | 33,000 |
| 19 Oct 2026 | 97.50 | 97.50 | 96.00 | 96.00 | 96.31 | 5,000 |
| 16 Oct 2026 | 99.80 | 99.80 | 97.00 | 98.00 | 98.33 | 4,000 |
| 15 Oct 2026 | 97.90 | 98.90 | 97.90 | 98.90 | 98.45 | 5,000 |
| 14 Oct 2026 | 96.00 | 97.90 | 96.00 | 97.90 | 97.23 | 3,000 |
| 13 Oct 2026 | 95.00 | 97.90 | 95.00 | 97.80 | 96.91 | 20,000 |
| 12 Oct 2026 | 95.30 | 96.00 | 94.00 | 95.00 | 94.78 | 15,000 |
| 9 Oct 2026 | 96.00 | 97.50 | 95.00 | 95.00 | 96.66 | 20,000 |
Prices in ₹ per share as traded, not adjusted.
Company details
- Legal name
- Maiden Forgings Limited
- BSE code
- 543874
- ISIN
- INE0O1T01010
- Industry
- Industrial Products
- Listed
- Apr 2023
- Face value
- ₹10
- CIN
- L29810DL2005PLC132913
- Corporate identity number, the registrar of companies' code for it