WEBSITE BSE:513554 NSE: MAHA STEEL Inc. Year: 1988 Industry: Steel & Iron Products My Bucket: Add Stock
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Mahamaya Steel Industries Limited (MAHASTEEL) is a public limited company that was founded in 1988 by Raipur-based industrialist Ramanand Agrawal and his family members. They are engaged in running a heavy steel structural mill, a steel melting shop, and a gas plant at Raipur, Chhattisgarh. It manufactures heavy and light steel structures, such as strips, joists, beams, channels, girders, railway sleepers, flats, etc., for the construction, automobile, railway, and power industries. Clienetele includes reputed companies like Reliance Industries...Read More
Mahamaya Steel Industries Limited (MAHASTEEL) is a public limited company that was founded in 1988 by Raipur-based industrialist Ramanand Agrawal and his family members. They are engaged in running a heavy steel structural mill, a steel melting shop, and a gas plant at Raipur, Chhattisgarh. It manufactures heavy and light steel structures, such as strips, joists, beams, channels, girders, railway sleepers, flats, etc., for the construction, automobile, railway, and power industries. Clienetele includes reputed companies like Reliance Industries, Petro Refineries, Metro Railway, Indian Railways, Power Plants, Ports, and Airport, etc. The company’s promoters are Ramanand Agrawal, Rekha Agrawal, Rajesh Agrawal, and Escort Finvest Private Limited, who together hold 73.41% of the company’s shares. Rajesh Agrawal is also the managing director of the company, while Rekha Agrawal is an executive director. The company’s management team also includes Suresh Raman as an executive director and CFO, and four independent directors. ...Read Less
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Market Cap ₹1396 Cr.
Stock P/E 183.7
P/B 9.1
Current Price ₹849.7
Book Value ₹ 93.8
Face Value 10
52W High ₹1061.9
Dividend Yield 0%
52W Low ₹ 235
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 186 | 180 | 198 | 211 | 155 | 200 | 236 | 207 | 189 | 224 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Total Income | 186 | 180 | 199 | 211 | 155 | 200 | 237 | 207 | 189 | 224 |
| Total Expenditure | 182 | 176 | 194 | 207 | 152 | 196 | 228 | 202 | 183 | 218 |
| Operating Profit | 4 | 4 | 4 | 4 | 3 | 4 | 9 | 5 | 5 | 6 |
| Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | -0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit Before Tax | 2 | 2 | 1 | 1 | 0 | 2 | 6 | 2 | 2 | 2 |
| Provision for Tax | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit After Tax | 1 | 2 | 1 | 1 | 0 | 1 | 4 | 2 | 1 | 2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | 2 | 1 | 1 | 0 | 1 | 5 | 2 | 2 | 2 |
| Adjusted Earnings Per Share | 0.9 | 1.3 | 0.9 | 0.5 | 0.1 | 0.7 | 3.3 | 1.1 | 1.1 | 1.2 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 317 | 254 | 297 | 465 | 358 | 251 | 495 | 650 | 784 | 802 | 856 |
| Other Income | 1 | 2 | 2 | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Total Income | 318 | 256 | 299 | 467 | 358 | 251 | 496 | 651 | 785 | 803 | 857 |
| Total Expenditure | 316 | 238 | 276 | 443 | 342 | 238 | 480 | 636 | 768 | 783 | 831 |
| Operating Profit | 3 | 18 | 23 | 25 | 16 | 13 | 16 | 15 | 18 | 20 | 25 |
| Interest | 9 | 11 | 12 | 11 | 9 | 6 | 5 | 3 | 5 | 4 | 5 |
| Depreciation | 7 | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 8 | 8 |
| Exceptional Income / Expenses | 2 | 2 | -0 | -0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 |
| Profit Before Tax | -12 | 3 | 4 | 7 | 1 | 1 | 5 | 6 | 9 | 10 | 12 |
| Provision for Tax | 3 | -0 | 2 | 1 | -2 | 1 | 2 | 2 | 2 | 2 | 4 |
| Profit After Tax | -15 | 3 | 3 | 6 | 3 | 1 | 3 | 4 | 7 | 8 | 9 |
| Adjustments | 0 | -2 | -0 | -0 | -1 | 1 | 2 | 1 | 0 | 0 | 1 |
| Profit After Adjustments | -15 | 1 | 2 | 6 | 3 | 1 | 5 | 6 | 7 | 8 | 11 |
| Adjusted Earnings Per Share | -11.2 | 0.9 | 1.7 | 4.3 | 1.8 | 0.7 | 3.1 | 3.4 | 4.1 | 4.6 | 6.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 2% | 17% | 18% | 0% |
| Operating Profit CAGR | 11% | 8% | 5% | 0% |
| PAT CAGR | 14% | 39% | 22% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 231% | 137% | 56% | 19% |
| ROE Average | 5% | 4% | 3% | 1% |
| ROCE Average | 7% | 7% | 6% | 6% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 113 | 88 | 90 | 96 | 98 | 111 | 129 | 134 | 141 | 149 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 6 | 36 | 36 | 34 | 29 | 32 | 26 | 23 | 19 | 9 |
| Other Non-Current Liabilities | 10 | 11 | 13 | 12 | 9 | 8 | 8 | 8 | 8 | 7 |
| Total Current Liabilities | 85 | 76 | 93 | 95 | 74 | 72 | 42 | 60 | 65 | 79 |
| Total Liabilities | 214 | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 |
| Fixed Assets | 69 | 74 | 69 | 66 | 63 | 61 | 60 | 65 | 69 | 70 |
| Other Non-Current Assets | 54 | 49 | 46 | 51 | 51 | 48 | 52 | 53 | 53 | 56 |
| Total Current Assets | 92 | 88 | 117 | 121 | 97 | 115 | 94 | 106 | 112 | 118 |
| Total Assets | 214 | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 7 | 1 | 0 | 1 | 0 | 1 | 2 | 15 | 0 | 1 |
| Cash Flow from Operating Activities | 25 | 13 | 3 | 18 | 35 | -4 | 44 | 2 | 14 | 9 |
| Cash Flow from Investing Activities | -16 | 2 | 1 | -7 | -3 | 1 | -5 | -11 | -6 | -11 |
| Cash Flow from Financing Activities | -10 | -16 | -4 | -11 | -31 | 5 | -26 | -5 | -8 | 1 |
| Net Cash Inflow / Outflow | -1 | -0 | 1 | -1 | 1 | 2 | 13 | -15 | 1 | -1 |
| Closing Cash & Cash Equivalent | 6 | 0 | 1 | 0 | 1 | 2 | 15 | 0 | 1 | 1 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -11.24 | 0.91 | 1.74 | 4.32 | 1.78 | 0.71 | 3.11 | 3.41 | 4.09 | 4.62 |
| CEPS(Rs) | -6.33 | 6.87 | 6.8 | 9.16 | 6.89 | 4.12 | 5.52 | 6.37 | 8.35 | 9.41 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 59.9 | 64.8 | 66.29 | 70.66 | 72.51 | 75.46 | 78.37 | 81.78 | 85.95 | 90.65 |
| Core EBITDA Margin(%) | 0.41 | 5.72 | 6.92 | 4.86 | 4.41 | 5.04 | 3.12 | 2.13 | 2.08 | 2.33 |
| EBIT Margin(%) | -0.71 | 4.91 | 5.27 | 3.96 | 2.88 | 3.08 | 2.01 | 1.42 | 1.76 | 1.74 |
| Pre Tax Margin(%) | -3.37 | 1 | 1.45 | 1.55 | 0.35 | 0.5 | 0.99 | 0.93 | 1.1 | 1.25 |
| PAT Margin (%) | -4.29 | 1.17 | 0.84 | 1.31 | 0.91 | 0.22 | 0.64 | 0.64 | 0.86 | 0.95 |
| Cash Profit Margin (%) | -2.42 | 3.26 | 3.05 | 2.67 | 2.61 | 2.43 | 1.83 | 1.61 | 1.75 | 1.93 |
| ROA(%) | -7.12 | 1.58 | 1.15 | 2.6 | 1.45 | 0.25 | 1.47 | 1.94 | 2.93 | 3.19 |
| ROE(%) | -18.76 | 3.96 | 2.85 | 6.57 | 3.35 | 0.52 | 2.62 | 3.17 | 4.87 | 5.24 |
| ROCE(%) | -1.37 | 7.64 | 8.56 | 9.48 | 5.51 | 4.18 | 5.43 | 5.24 | 7.67 | 7.39 |
| Receivable days | 43.35 | 44.15 | 30.47 | 16.08 | 17.43 | 26.84 | 15.2 | 11.06 | 7.63 | 8.98 |
| Inventory Days | 38 | 49.42 | 61.06 | 56.79 | 74.99 | 98.37 | 43.69 | 35.7 | 39.08 | 38.29 |
| Payable days | 10.45 | 9.08 | 18.13 | 21.83 | 26.68 | 31.75 | 10.2 | 8.78 | 9.09 | 10.65 |
| PER(x) | 0 | 112.83 | 35.81 | 38.63 | 40.46 | 116.52 | 22.53 | 14.66 | 24.69 | 58.54 |
| Price/Book(x) | 1.34 | 1.59 | 0.94 | 2.36 | 0.99 | 1.1 | 0.89 | 0.61 | 1.17 | 2.99 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.65 | 0.9 | 0.61 | 0.69 | 0.48 | 0.8 | 0.29 | 0.19 | 0.26 | 0.61 |
| EV/Core EBITDA(x) | 79.9 | 12.75 | 7.96 | 13.05 | 10.58 | 15.39 | 9.15 | 8.47 | 11.57 | 24.57 |
| Net Sales Growth(%) | 0 | -19.98 | 16.93 | 56.66 | -23.09 | -29.87 | 97.41 | 31.18 | 20.63 | 2.29 |
| EBIT Growth(%) | 0 | 653.52 | 13.88 | 15.26 | -44.01 | -25.01 | 28.81 | -7.39 | 49.74 | 1.03 |
| PAT Growth(%) | 0 | 121.94 | -24.29 | 140.86 | -46.74 | -83.06 | 471.3 | 32.55 | 61.04 | 13.15 |
| EPS Growth(%) | 0 | 108.13 | 90.5 | 148.09 | -58.77 | -59.92 | 335.68 | 9.88 | 19.7 | 13.15 |
| Debt/Equity(x) | 0.63 | 1.07 | 1.12 | 1.05 | 0.8 | 0.73 | 0.35 | 0.32 | 0.29 | 0.31 |
| Current Ratio(x) | 1.07 | 1.17 | 1.26 | 1.28 | 1.31 | 1.59 | 2.21 | 1.78 | 1.71 | 1.49 |
| Quick Ratio(x) | 0.64 | 0.63 | 0.6 | 0.4 | 0.45 | 0.6 | 1.11 | 0.43 | 0.38 | 0.47 |
| Interest Cover(x) | -0.27 | 1.26 | 1.38 | 1.64 | 1.14 | 1.2 | 1.98 | 2.88 | 2.68 | 3.59 |
| Total Debt/Mcap(x) | 0.66 | 0.67 | 1.2 | 0.45 | 0.81 | 0.66 | 0.39 | 0.53 | 0.25 | 0.1 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.41 | 73.41 | 73.41 | 73.41 | 73.41 | 73.41 | 72.8 | 72.8 | 72.8 | 72.8 |
| FII | 0.04 | 0 | 0.11 | 1.01 | 0.83 | 0.71 | 0.55 | 0.56 | 1.17 | 0.06 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 26.55 | 26.59 | 26.48 | 25.58 | 25.76 | 25.88 | 26.65 | 26.63 | 26.02 | 27.14 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.2 | 1.2 | 1.2 | 1.2 |
| FII | 0 | 0 | 0 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.44 | 0.44 | 0.42 | 0.42 | 0.43 | 0.44 | 0.44 | 0.43 | 0.45 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 |
* The pros and cons are machine generated.
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