Debut Plus

91.25

+0.75 +0.83%

19 Jul 2026

BSE Listed

Maiden Forgings Limited (543874)

Volume: 13,000Avg Vol 1W: 32,600Avg Vol 1M: 19,77352W Range:63.5296.85
Market 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
94691.6L
2025-07-18
2026-07-17

20-day avg volume: 22K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 10% YoY.
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
EPS3.573.244.29.216.844.26
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 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.

PeriodFeb 2023Apr 2023Sept 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026
Promoters100%73.4%73.4%73.4%73.4%73.4%72%72%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0.3%0%0%0%0.1%
Public0%26.6%26.6%26.4%26.6%26.6%28%27.9%
Promoter Pledge0%0%0%0%0%0%0%0%
No. of Shareholders81,1968411,2561,4881,4901,2881,071
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Nivedita GargShareholding of Promoter and Promoter Group42.6%60,56,800
Nishant GargShareholding of Promoter and Promoter Group29.4%41,70,600
Mukesh SharmaPublic Shareholding3.2%4,50,000
Divya JaiswalShareholding of Promoter and Promoter Group0%100
Hemant KumarShareholding of Promoter and Promoter Group0%100
Apoorva GargShareholding of Promoter and Promoter Group0%100
Sarthi AgarwalShareholding of Promoter and Promoter Group0%100
Harsh PrakashShareholding of Promoter and Promoter Group0%100
Mayank GovilShareholding of Promoter and Promoter Group0%100
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Hemant Kumar00%2026-03-31
Apoorva Garg00%2026-03-31
Sarthi Agarwal00%2026-03-31
Harsh Prakash00%2026-03-31
Mayank Govil00%2026-03-31
Nishant Garg00%2026-03-31
Nivedita Garg00%2026-03-31
Divya Jaiswal00%2026-03-31
Mukesh Sharma00%2026-03-31
Hemant Kumar00%2025-09-30
Apporva Garg00%2025-09-30
Sarthi Agarwal00%2025-09-30
Board of Directors
NameDesignationYear
Nishant GargManaging Director2025
Nivedita GargWhole-time Director2025
Abhilash RastogiIndependent Director2025
Raj Kumar MittalIndependent Director2025
Urvi AgarwalIndependent Director2025
MONIKA RANACompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10201414
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000033
2025000000
2025000033
Company Information
Incorporated2005
AuditorH G & Co
Investor Email[email protected]
🌐 maidenforgings.in

📍 B-5 Arihant Tower East Delhi, Block-D Market Vivek Vihar, New Delhi, New Delhi, 110092

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