Maiden Forgings share price
BSE: 543874Industrial ProductsSmall Cap
Maiden Forgings Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 2023
Last close ₹93.50down ₹0.50 (0.53%)
Share price at the BSE close on 28 Oct 2026. Previous close ₹94.00.
28 Oct: open ₹94.00, high ₹94.10, low ₹93.50
52-week range of traded prices to 28 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. Market capitalisation: how it is worked out
- ₹133 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. Price to earnings, trailing: how it is worked out
- 26.45
- 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. Price to book: how it is worked out
- 1.64
- 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.
- 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.
- 0.64
- Volume, BSEVolume. Shares traded on the last trading day. Volume in the glossary
- 3,000
Results
Standalone; ₹ crore.Maiden Forgings half-yearly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −17.0%
Half year to Mar 2026, against the half year before
- 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. Net profit in the glossary
- ₹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. Net margin in the glossary
- 2.4%
Revenue by half year
Peak revenue ₹122 Cr, half year to Mar 2026; lowest ₹104 Cr, half year to Mar 2025
Net profit by half year, a loss in red
| ₹ crore | Sep 2023 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 116 | 109 | 104 | 109 | 122 |
| Net profit | 4 | 4 | 2 | 2 | 3 |
| Net margin | 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 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Revenue | 112 | – | – | – | 236 |
| Net profit | 5 | – | – | – | 10 |
| Net margin | 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.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹232 Crup 8.79%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5.02 Crdown 16.96%
- Net margin
- 2.2%
Revenue by year
Peak revenue ₹236 Cr, year to Mar 2024; lowest ₹213 Cr, year to Mar 2025
Net profit by year, a loss in red
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 221 | 236 | 213 | 232 |
| Net profit | 10 | 10 | 6 | 5 |
| Net margin | 4.4% | 4.1% | 2.8% | 2.2% |
Standalone. Years to March. The latest is shaded.
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. Dividend yield is not shown: no dividend in the years on record.Maiden Forgings PE ratio and valuation
Price to earnings
At or below today's level on 24% of 235 trading days over the last year.
LowestHighest
Its median29.09Industry median17.44
Price to book
At or below today's level on 66% of 235 trading days over the last year.
LowestHighest
Its median1.58Industry median1.53
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.
Maiden Forgings competitors and peers
Iron & Steel Products, 146 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Maiden Forgings in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Shri Bajrang AllianceSHBAJRG | 141 | 3.12 | 0.37 | −19.8% | +32.5% | 12.6% | 0.1% | 0.00% |
 Kritika WiresKRITIKA | 137 | 21.33 | 1.36 | −17.1% | −31.3% | 6.6% | 5.9% | 0.00% |
 Incredible IndustriesINCREDIBLE | 137 | 11.62 | 0.87 | +5.1% | −19.3% | 7.8% | 9.6% | 0.00% |
 Shah AlloysSHAHALLOYS | 136 | 1.85 | 1.21 | −92.1% | – | 96.1% | −8.9% | 0.00% |
 Tikona CommunicationTIKONA | 128 | 36.85 | – | – | – | – | 117.9% | 0.00% |
 Garg FurnaceGARGFUR | 121 | 11.03 | – | – | – | 13.6% | 8.8% | 0.00% |
 Steelco GujaratSTEELCO | 120 | – | – | +2,525.0% | – | −222.7% | −11.0% | 0.00% |
 Kanishk Steel IndustriesKANSHST | 118 | 17.57 | 1.07 | +3.0% | −29.5% | 6.2% | 8.1% | 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.Maiden Forgings 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 9 trading days to 26 Oct 2026, as traded on BSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 26 Oct 2026 | 94.00 | 94.00 | 94.00 | 94.00 | 94.00 | 2,000 |
| 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 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 543874
- ISIN
- INE0O1T01010
- Industry
- Industrial Products
- Website
- www.maidenforgings.in
- CIN
- L29810DL2005PLC132913
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2005
- Registered office
- B-5, Arihant Tower, Block D Market, Vivek Vihar, East Delhi, New Delhi 110092
- Share registrar
- Maashitla Securities Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments