₹91.25
▲ +0.75 +0.83%
18 Jul 2026
BSE Listed
Maiden Forgings Limited (543874)
Volume: 13,000Avg Vol 1W: 32,600Avg Vol 1M: 19,77352W Range:₹63.52₹96.85
Key Ratios
Checked 9h agoMarket Cap₹130 Cr
Current Price₹91.25
Previous Close₹90.5
High / Low (52w)₹96.85 / ₹63.52
Volume13,000
Avg Vol (1W)32,600
Avg Vol (1M)19,773
Stock P/E25.85
Book Value₹57.09
Dividend Yield0%
ROE6.19%
ROA432.14%
Revenue (TTM)—
Revenue Growth—
Profit Margin0%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹3.53
P/B1.6
Debt / Equity0.9
50 DMA₹81.09
200 DMA₹83.32
Day change+0.83%
Price Chart
₹91.25▲ 11.73% · 1Y
2025-07-182026-07-17
20-day avg volume: 22K shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 10% YoY.
Profit & Loss (Annual)
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Revenue | ₹204 Cr | ₹199 Cr | ₹211 Cr | ₹221 Cr | ₹237 Cr | ₹214 Cr |
| EBITDA | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹19 Cr | ₹20 Cr | ₹16 Cr |
| Net Profit | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹10 Cr | ₹10 Cr | ₹6 Cr |
| EPS | 3.57 | 3.24 | 4.2 | 9.21 | 6.84 | 4.26 |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Total Assets | ₹99 Cr | ₹105 Cr | ₹110 Cr | ₹127 Cr | ₹149 Cr | ₹164 Cr |
| Total Liabilities | ₹78 Cr | ₹76 Cr | ₹79 Cr | ₹86 Cr | ₹78 Cr | ₹88 Cr |
| Equity | ₹21 Cr | ₹29 Cr | ₹31 Cr | ₹41 Cr | ₹71 Cr | ₹76 Cr |
| Total Debt | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹0 Cr | ₹3 Cr | ₹11 Cr | ₹-12 Cr | ₹5 Cr |
| Investing | ₹0 Cr | ₹-2 Cr | ₹-9 Cr | ₹-7 Cr | ₹-9 Cr |
| Financing | ₹2 Cr | ₹-1 Cr | ₹-2 Cr | ₹19 Cr | ₹5 Cr |
| Free Cash Flow | ₹0 Cr | ₹3 Cr | ₹11 Cr | ₹-12 Cr | ₹5 Cr |
Shareholding
Promoter 71.97% Institutions 0.15% Public 27.88%
Efficiency & Working Capital
ROCE9.1%
Interest Coverage2.2
Dividend Payout—
Debtor Days51 d
Inventory Days130 d
Payable Days22 d
Cash Conversion Cycle159 d
Working Capital Days181 d
Shareholding Details
As of 2026-03-31
Promoter72%
FII0%
DII0.1%
Institutions0.1%
Public27.9%
Promoter Pledge0%
No. of Shareholders1,071
Shareholding Pattern
Quarterly — figures in %. Latest 8 quarters.
| Period | Feb 2023 | Apr 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 100% | 73.4% | 73.4% | 73.4% | 73.4% | 73.4% | 72% | 72% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0.3% | 0% | 0% | 0% | 0.1% |
| Public | 0% | 26.6% | 26.6% | 26.4% | 26.6% | 26.6% | 28% | 27.9% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 8 | 1,196 | 841 | 1,256 | 1,488 | 1,490 | 1,288 | 1,071 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Nivedita Garg | Shareholding of Promoter and Promoter Group | 42.6% | 60,56,800 |
| Nishant Garg | Shareholding of Promoter and Promoter Group | 29.4% | 41,70,600 |
| Mukesh Sharma | Public Shareholding | 3.2% | 4,50,000 |
| Divya Jaiswal | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Hemant Kumar | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Apoorva Garg | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Sarthi Agarwal | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Harsh Prakash | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Mayank Govil | Shareholding of Promoter and Promoter Group | 0% | 100 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Hemant Kumar | 0 | 0% | 2026-03-31 |
| Apoorva Garg | 0 | 0% | 2026-03-31 |
| Sarthi Agarwal | 0 | 0% | 2026-03-31 |
| Harsh Prakash | 0 | 0% | 2026-03-31 |
| Mayank Govil | 0 | 0% | 2026-03-31 |
| Nishant Garg | 0 | 0% | 2026-03-31 |
| Nivedita Garg | 0 | 0% | 2026-03-31 |
| Divya Jaiswal | 0 | 0% | 2026-03-31 |
| Mukesh Sharma | 0 | 0% | 2026-03-31 |
| Hemant Kumar | 0 | 0% | 2025-09-30 |
| Apporva Garg | 0 | 0% | 2025-09-30 |
| Sarthi Agarwal | 0 | 0% | 2025-09-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Nishant Garg | Managing Director | 2025 |
| Nivedita Garg | Whole-time Director | 2025 |
| Abhilash Rastogi | Independent Director | 2025 |
| Raj Kumar Mittal | Independent Director | 2025 |
| Urvi Agarwal | Independent Director | 2025 |
| MONIKA RANA | Company Sec. & Compli. Officer | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 20 | 14 | 14 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 0 | 3 | 3 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 3 | 3 |
Company Information
🌐 maidenforgings.in ↗
📍 B-5 Arihant Tower East Delhi, Block-D Market Vivek Vihar, New Delhi, New Delhi, 110092
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