Market Cap ₹148 Cr.
Stock P/E 0.0
P/B 2.3
Current Price ₹104
Book Value ₹ 44.9
Face Value 10
52W High ₹138.7
Dividend Yield 0%
52W Low ₹ 58.1
Maiden Forgings Limited is an engineering company that specializes in manufacturing and exporting bright steel bars, wires, profiles, collated pneumatic nails, and ground bars. The company was incorporated in 2005 as a private limited company and later converted into a public limited company in 2013. The company has its corporate office and plants located in Ghaziabad, Uttar Pradesh. Company has a core strength of more than 35 years of experience in making its products and a team of technocrats who work in a culture of quality and on-time delivery. With a vision to be a global leader in the metal forming industry by offering innovative and cost-effective solutions to its customers. The promoters of Maiden Forgings Limited are Mr. Nishant Garg and Ms. Nivedita Garg, who hold 73.37% of the total shareholding as of September 2023.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|
| Net Sales | 204 | 199 | 211 | 221 | |
| Other Income | 0 | 0 | 0 | 0 | |
| Total Income | 204 | 199 | 211 | 221 | |
| Total Expenditure | 191 | 186 | 198 | 199 | |
| Operating Profit | 13 | 14 | 13 | 22 | |
| Interest | 7 | 7 | 6 | 5 | |
| Depreciation | 4 | 4 | 3 | 4 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 2 | 2 | 3 | 13 | |
| Provision for Tax | 1 | 1 | 1 | 4 | |
| Profit After Tax | 2 | 2 | 2 | 10 | |
| Adjustments | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 2 | 2 | 2 | 10 | |
| Adjusted Earnings Per Share | 1.8 | 1.6 | 2.1 | 9.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 5% | 3% | 0% | 0% |
| Operating Profit CAGR | 69% | 19% | 0% | 0% |
| PAT CAGR | 400% | 71% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 66% | NA% | NA% | NA% |
| ROE Average | 27% | 14% | 12% | 12% |
| ROCE Average | 18% | 13% | 12% | 12% |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Shareholder's Funds | 21 | 29 | 31 | 41 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 25 | 20 | 19 | 17 |
| Other Non-Current Liabilities | 1 | 0 | 0 | 1 |
| Total Current Liabilities | 52 | 55 | 59 | 68 |
| Total Liabilities | 99 | 105 | 110 | 127 |
| Fixed Assets | 29 | 26 | 24 | 29 |
| Other Non-Current Assets | 4 | 4 | 4 | 5 |
| Total Current Assets | 66 | 75 | 81 | 92 |
| Total Assets | 99 | 105 | 110 | 127 |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 2 | 4 | 3 |
| Cash Flow from Operating Activities | 3 | -0 | 3 | 11 |
| Cash Flow from Investing Activities | -3 | -0 | -2 | -9 |
| Cash Flow from Financing Activities | -1 | 2 | -1 | -2 |
| Net Cash Inflow / Outflow | -1 | 2 | -1 | 0 |
| Closing Cash & Cash Equivalent | 2 | 4 | 3 | 3 |
| # | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.78 | 1.62 | 2.1 | 9.21 |
| CEPS(Rs) | 6.51 | 5.54 | 5.37 | 12.59 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 22.98 | 27.8 | 29.92 | 38.35 |
| Core EBITDA Margin(%) | 6.44 | 6.75 | 5.79 | 9.95 |
| EBIT Margin(%) | 4.43 | 4.77 | 4.33 | 8.51 |
| Pre Tax Margin(%) | 1.13 | 1.2 | 1.43 | 6.03 |
| PAT Margin (%) | 0.81 | 0.85 | 1.04 | 4.35 |
| Cash Profit Margin (%) | 2.96 | 2.9 | 2.66 | 5.94 |
| ROA(%) | 1.68 | 1.66 | 2.04 | 8.11 |
| ROE(%) | 7.77 | 6.71 | 7.28 | 26.99 |
| ROCE(%) | 10.69 | 10.89 | 9.57 | 18.04 |
| Receivable days | 55.19 | 58.55 | 52.19 | 43.09 |
| Inventory Days | 42.57 | 55.28 | 67.6 | 75.88 |
| Payable days | 26.42 | 26.46 | 19.55 | 19.67 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.32 | 0.31 | 0.34 | 0.34 |
| EV/Core EBITDA(x) | 4.9 | 4.59 | 5.73 | 3.35 |
| Net Sales Growth(%) | 0 | -2.39 | 5.66 | 4.9 |
| EBIT Growth(%) | 0 | 5.08 | -4.02 | 106.09 |
| PAT Growth(%) | 0 | 1.8 | 29.74 | 338.23 |
| EPS Growth(%) | 0 | -9.23 | 29.74 | 338.24 |
| Debt/Equity(x) | 2.96 | 2.1 | 2.23 | 1.69 |
| Current Ratio(x) | 1.26 | 1.36 | 1.37 | 1.35 |
| Quick Ratio(x) | 0.8 | 0.7 | 0.67 | 0.61 |
| Interest Cover(x) | 1.34 | 1.33 | 1.49 | 3.43 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Sep 2023 | Mar 2024 |
|---|---|---|
| Promoter | 73.37 | 73.37 |
| FII | 0 | 0 |
| DII | 0 | 0 |
| Public | 26.63 | 26.63 |
| Others | 0 | 0 |
| Total | 100 | 100 |
| # | Sep 2023 | Mar 2024 |
|---|---|---|
| Promoter | 1.04 | 1.04 |
| FII | 0 | 0 |
| DII | 0 | 0 |
| Public | 0.38 | 0.38 |
| Others | 0 | 0 |
| Total | 1.42 | 1.42 |
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