Maiden Forgings Ltd (MAIDEN) — shareholding pattern, promoter holding, financials and share price
About Maiden Forgings Ltd (MAIDEN)
Maiden Forgings Ltd operates in the Iron & Steel Products industry, within the Capital Goods sector. It trades on the NSE as MAIDEN and on the BSE under scrip code 543874. Its ISIN is INE0O1T01010.
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]
Maiden Forgings Limited is a leading manufacturer specializing in bright steel bars, wire, and pneumatic nails, catering to industries such as automotive, engineering, and defense.
The company achieved record production and sales volumes in H1 FY '26, driven primarily by strong customer demand and high-margin stainless steel products.
Listed peers in Iron & Steel Products: Kanishk Steel Industries Ltd, Kritika Wires Ltd, Shah Alloys Ltd, National Fittings Ltd, M P K Steels (I) Ltd, Sarthak Metals Ltd.
Valuation & Returns
10 Jul 2026At ₹84.5 a share on 10 Jul 2026, Maiden Forgings Ltd (MAIDEN) was valued at a price-to-earnings ratio of 23.79x against an industry P/E of 37x and a price-to-book of 1.48x on a book value of ₹57.09 per share. Solomo computes return on equity of 6.19% and return on capital employed of 9.12% from filed results.
- P/E
- 23.79x
- Industry P/E
- 37x
- P/B
- 1.48x
- EPS (TTM)
- ₹4.26
- Book value / share
- ₹57.09
- ROE
- 6.19%
- ROCE
- 9.12%
- ROA
- 2.78%
- Debt / equity
- 0.85x
- Dividend yield
- 0%
- EBITDA margin
- 7.44%
- 52-week range
- ₹63.52 – ₹96.85
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Maiden Forgings Ltd (MAIDEN) reported revenue of ₹232 crore, net profit of ₹5 crore and earnings per share of ₹3.53. That compares with revenue of ₹213 crore and net profit of ₹6 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹122 crore and net profit ₹3 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 210 | 221 | 236 | 213 | 232 |
| Net profit (₹ cr) | 2 | 10 | 10 | 6 | 5 |
| EPS (₹) | 4.2 | 9.22 | 6.84 | 4.26 | 3.53 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 0.85% | 0.38% | -9.82% |
| Profit growth | 29.52% | 40.27% | -37.76% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 71.97% of Maiden Forgings Ltd (MAIDEN) and domestic institutional investors (DII) hold 0.15%. Market capitalisation was ₹120 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2023.
Largest disclosed public shareholders in Mar 2026: MUKESH SHARMA 3.17%, HUF 1.06%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 71.97% | - | - | 0.15% | 28.03% |
| Sep 2025 | 71.97% | - | - | - | 28.03% |
| Mar 2025 | 73.37% | - | - | - | 26.63% |
| Sep 2024 | 73.37% | - | - | - | 26.63% |
| Mar 2024 | 73.37% | - | - | 0.27% | 26.63% |
| Sep 2023 | 73.37% | - | - | - | 26.63% |