Debut Plus

₹812.6

▼ -42.77 -5.00%

18 Jul 2026

NSE Listed

ASM 2

Mahamaya Steel Inds Ltd. (MAHASTEEL)

Volume: 4,001Avg Vol 1W: 7,741.6Avg Vol 1M: 6,089.652W Range:₹312.2₹1,050
NSE BSE www.mahamayagroup.in
Key Ratios
Checked 20h ago
Market Cap₹1,409 Cr
Current Price₹812.6
Previous Close₹855.37
High / Low (52w)₹1,050 / ₹312.2
Volume4,001
Avg Vol (1W)7,741.6
Avg Vol (1M)6,089.6
Stock P/E71.82
Book Value₹78.56
Dividend Yield—
ROE4.6%
ROA—
Revenue (TTM)₹803 Cr
Revenue Growth—
Profit Margin—
Total Debt₹2 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹3.77
P/B3.45
Debt / Equity0.25
50 DMA₹843.7
200 DMA₹801.99
Day change-5.00%
SurveillanceASM 2 (as of 2026-07-14)
Price Chart
₹812.6▲ 121.54% · 1Y
₹1021₹3293.6L
2025-07-17
2026-07-16

20-day avg volume: 6K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 43% YoY.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 72.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹211 Cr₹155 Cr₹200 Cr₹236 Cr₹207 Cr₹189 Cr₹224 Cr₹263 Cr
EBITDA₹2 Cr₹1 Cr₹2 Cr₹7 Cr₹3 Cr₹3 Cr₹4 Cr₹7 Cr
Net Profit₹1 Cr₹0 Cr₹1 Cr₹5 Cr₹2 Cr₹2 Cr₹2 Cr₹4 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹299 Cr₹467 Cr₹358 Cr₹251 Cr₹496 Cr₹651 Cr₹785 Cr₹803 Cr
EBITDA₹16 Cr₹18 Cr₹10 Cr₹8 Cr₹10 Cr₹8 Cr₹11 Cr₹12 Cr
Net Profit₹2 Cr₹6 Cr₹2 Cr₹1 Cr₹5 Cr₹5 Cr₹7 Cr₹8 Cr
EPS1.744.321.780.633.313.314.094.62
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹231 Cr₹238 Cr₹211 Cr₹224 Cr₹205 Cr₹225 Cr₹233 Cr₹244 Cr
Total Liabilities₹141 Cr₹142 Cr₹112 Cr₹113 Cr₹77 Cr₹90 Cr₹92 Cr₹95 Cr
Equity₹90 Cr₹96 Cr₹98 Cr₹111 Cr₹129 Cr₹134 Cr₹141 Cr₹149 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹4 Cr₹19 Cr₹36 Cr₹-3 Cr₹47 Cr₹3 Cr₹17 Cr₹11 Cr
Investing₹1 Cr₹-7 Cr₹-3 Cr₹1 Cr₹-5 Cr₹-11 Cr₹-6 Cr₹-11 Cr
Financing₹-4 Cr₹-11 Cr₹-31 Cr₹5 Cr₹-26 Cr₹-5 Cr₹-8 Cr₹1 Cr
Free Cash Flow₹4 Cr₹19 Cr₹36 Cr₹-3 Cr₹47 Cr₹3 Cr₹17 Cr₹11 Cr
Shareholding
Promoter 72.8% Institutions 0.06% Public 27.14%
Efficiency & Working Capital
ROCE7.4%
Interest Coverage3.6
Dividend Payout—
Debtor Days11 d
Inventory Days37 d
Payable Days11 d
Cash Conversion Cycle37 d
Working Capital Days48 d
Shareholding Details

As of 2026-06-30

Promoter72.8%
FII0%
DII0%
Institutions0%
Public27.2%
Promoter Pledge0%
No. of Shareholders6,185
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters73.4%73.4%73.4%73.4%73.4%73.4%73.4%72.8%72.8%72.8%72.8%72.8%
FIIs0%0%0%0.1%1%0.8%0.7%0.5%0.6%1.2%0.1%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public26.6%26.5%26.6%26.5%25.6%25.8%25.9%26.6%26.6%26%27.1%27.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders8,8809,34410,63610,2538,1837,6037,2116,8686,9337,1676,5036,185
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Escort Finvest Private LimitedShareholding of Promoter and Promoter Group25%41,00,000
Rajesh AgrawalShareholding of Promoter and Promoter Group20.5%33,69,798
Abhishek Steel Industries Private LimitedShareholding of Promoter and Promoter Group8.2%13,49,000
Rekha AgrawalShareholding of Promoter and Promoter Group7.1%11,67,477
Rajesh Agrawal Huf (rajesh Agrawal)Shareholding of Promoter and Promoter Group6.3%10,40,447
Abhishek AgrawalShareholding of Promoter and Promoter Group4.9%8,10,000
Vijay RatheePublic Shareholding4.7%7,66,927
Kuldip Singh RatheePublic Shareholding4.3%7,08,839
Prashant P SawantPublic Shareholding1.3%2,11,227
Ramanand Agrawal Huf (ramanand Agrawal)Shareholding of Promoter and Promoter Group0.8%1,28,265
Ramanand AgrawalShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Rajesh Agrawal00%2026-03-31
Rekha Agrawal00%2026-03-31
Rajesh Agrawal Huf (rajesh Agrawal)00%2026-03-31
Ramanand Agrawal Huf (ramanand Agrawal)00%2026-03-31
Ramanand Agrawal00%2026-03-31
Abhishek Agrawal00%2026-03-31
Abhishek Steel Industries Private Limited00%2026-03-31
Escort Finvest Private Limited00%2026-03-31
Kuldip Singh Rathee00%2026-03-31
Prashant P Sawant00%2026-03-31
Vijay Rathee00%2026-03-31
Rajesh Agrawal00%2025-12-31
Board of Directors
NameDesignationYear
RAJESH AGRAWALED / MD / Promoter2025
Rekha AgrawalExecutive Director2025
Suresh RamanExecutive Director & CFO2025
Udayraj SinghaniaIndependent Non Exe. Director2025
Rajesh LuniaIndependent Non Exe. Director2025
Vanitha RangaiahIndependent Non Exe. Director2025
Jaswinder Kaur MissionCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Steel Structural business₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10241616
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025020296101
202500001313
202502028287
Insider / Designated-Person Trades

8 recent disclosure(s)

RAMANAND AGRAWAL HUFDisposal · 44,518
RAMANAND AGRAWAL HUFDisposal · 55,000
REKHA AGRAWALDisposal · 8,10,000
ABHISHEK AGRAWALAcquisition · 8,10,000
ESCORT FINVEST PRIVATE LIMITEDAcquisition · 16,64,000
ESCORT FINVEST PRIVATE LIMITEDAcquisition · 12,36,000
Substantial Acquisitions (SAST)

3 disclosure(s)

Market06/06/2025 · 44,518
Market04/06/2025 - 05/06/2025 · 55,000
Inter-se Transfer / Gift14/12/2023 · —
Company Information
Incorporated1988
AuditorK P R K & Associates
Investor Email[email protected]
🌐 www.mahamayagroup.in ↗

📍 B-8-9 Sector-C Urla, Industrial Area Sarora, Raipur, Chattisgarh, 493221

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