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HomeStocksIron & Steel ProductsMaiden Forgings Ltd

Maiden Forgings Ltd Stock Price Today (NSE: MAIDEN)

Maiden Forgings Ltd

MAIDENIron & Steel Products
₹86.50+₹0.00 (+0.00%)↑
As on 17 Feb 2026, 10:14 am ISTMarket Closed

Fundamental Score

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Maiden Forgings Ltd Share Price Live NSE/BSE & Institutional Fundamental Analysis

Maiden Forgings Ltd share price today is ₹86.50, up +0.00% on NSE/BSE as of 17 February 2026. Maiden Forgings Ltd (MAIDEN) is a Small-cap company in the Iron & Steel Products sector with a market capitalisation of ₹120.83 (Cr). The 52-week high for MAIDEN share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 29.47x, MAIDEN is currently trading above its industry average P/E of 22.05x. The company has a Return on Equity (ROE) of 8.21% and a debt-to-equity ratio of 0.87.

Maiden Forgings Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
₹0.00
Low
₹0.00
Volume
0
Change
+0.00%

Returns & Performance

Poor

ROE

8.21%
Poor

ROCE

11.35%
Poor

OPM (5Y)

8.32%

Div Yield

0.00%

Maiden Forgings Ltd Valuation Check

Poor

P/E Ratio

29.47x
Poor

Industry P/E

22.05x
Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Market Cap

120.83 (Cr)

Growth Engine

Poor

Profit Growth (Q)

-48.15%
Poor

Sales Growth (Q)

0.32%
Poor

Sales Growth (5Y)

0.85%
Poor

EPS Growth (5Y)

3.58%
Excellent

Profit Growth (5Y)

29.52%

Balance Sheet Health

Poor

Debt to Equity

0.87x
Poor

Int. Coverage

1.72x

Free Cash Flow (5Y)

-18.73 (Cr)

Shareholding

Excellent

Promoter

71.97%
Poor

FII

0.00%
Poor

DII

0.00%
Excellent

Pledged

0.00%

Institutional Deep-Dive

Bull Run Research Hub

Maiden Forgings Share Price: A Conservative Value Investor's Perspective

The Iron and Steel Products sector is currently navigating a volatile landscape, characterized by fluctuating raw material costs and cyclical demand. Understanding the nuances of input pricing and operational efficiency is crucial for assessing the long-term viability of companies within this industry. This analysis focuses on the Maiden Forgings share price, currently observed at ₹86.19999694824219, from the viewpoint of a conservative value investor prioritizing capital preservation.

With a Price-to-Earnings (PE) ratio of 29.47, Maiden Forgings Ltd appears relatively richly valued compared to some historical averages for the sector. This premium suggests either strong growth expectations or a perception of higher quality within the market. We need to dig deeper to ascertain whether this premium is justified. For instance, consider the management quality versus Azad India. A thorough comparative analysis of management's capital allocation decisions and track record in navigating cyclical downturns is paramount. Does Maiden Forgings exhibit superior foresight and execution compared to its peers?

Return on Capital Employed (ROCE) is a vital metric for value investors. Maiden Forgings’ ROCE of 11.35% is adequate, but not exceptional. A higher ROCE generally indicates a wider economic moat and a stronger ability to generate returns above its cost of capital. A sustainable ROCE significantly above the industry average would signal a competitive advantage, allowing the company to reinvest earnings at attractive rates and compound shareholder value over time. The current 11.35% suggests moderate reinvestment potential, necessitating careful monitoring to ensure profitability and sustainable growth.

This analysis forms part of a more extensive 80-parameter fundamental audit, verified by Sweta Mishra, aimed at assessing the long-term financial health and stability of Maiden Forgings Ltd. It's important to remember that this is an observational assessment based on publicly available data and should not be interpreted as investment advice. Each investor must conduct their own due diligence and consider their own risk tolerance before making any investment decisions.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Maiden Forgings Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of MAIDEN across key market metrics for learning purposes.

Positive Indicators

3 factors identified

Strong Profit Growth Track Record (29.52% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Balanced Promoter Holding (71.97%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

7 factors identified

Below-Average Return on Equity (8.21%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Profit Decline Concern (-48.15%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Limited Growth History (0.85% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Weak Earnings Growth (3.58% CAGR)

Observation: Below-average 5-year EPS growth performance.

Analysis: Low EPS growth may not keep pace with inflation.

Weak Interest Coverage (1.72x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-18.73 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Maiden Forgings Ltd Financial Statements

Comprehensive financial data for Maiden Forgings Ltd including income statement, balance sheet and cash flow

About MAIDEN (Maiden Forgings Ltd)

Maiden Forgings Ltd (MAIDEN) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Iron & Steel Products sector with a current market capitalisation of ₹120.83 (Cr). Maiden Forgings Ltd has delivered a Return on Equity (ROE) of 8.21% and a ROCE of 11.35%. The debt-to-equity ratio stands at 0.87, reflecting the company's capital structure. Investors tracking MAIDEN share price can monitor key metrics including P/E ratio, promoter holding of 71.97%, and quarterly earnings growth.

Company Details

Symbol:MAIDEN
Industry:Iron & Steel Products
Sector:Iron & Steel Products
Website:https://maidenforgings.in

Key Leadership

Ms. Nivedita Garg
Chairman & Whole Time Director
Mr. Nishant Garg
MD & Executive Director
Ms. Prachla Garg
CFO & Director

Latest News

Navneet Munot on ‘maiden overs’ in stocks, Atmanirbhar markets, India-US trade talks - Business Today
Business Today• 12/31/2025
Reliance Group launches maiden ESOP scheme for 2,500 employees - People Matters - HR News
People Matters - HR News• 11/13/2025
Nestle India’s maiden 1:1 bonus issue today: FMCG firm eyes enhanced stock liquidity, improved affordabil - Times of India
Times of India• 8/8/2025

MAIDEN Share Price: Frequently Asked Questions

What is the current share price of Maiden Forgings Ltd (MAIDEN)?

As of 17 Feb 2026, 10:14 am IST, Maiden Forgings Ltd share price is ₹86.50. The MAIDEN stock has a market capitalisation of ₹120.83 (Cr) on NSE/BSE.

Is MAIDEN share price Overvalued or Undervalued?

MAIDEN share price is currently trading at a P/E ratio of 29.47x, compared to the industry average of 22.05x. Based on this relative valuation, the Maiden Forgings Ltd stock appears to be Overvalued against its sector peers.

What is the 52-week high and low of MAIDEN share price?

The 52-week high of MAIDEN share price is ₹N/A and the 52-week low is ₹N/A.

What factors affect the Maiden Forgings Ltd share price?

Key factors influencing MAIDEN share price include quarterly earnings growth (Sales Growth: 0.32%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).

Is Maiden Forgings Ltd a good stock for long-term investment?

Maiden Forgings Ltd shows a 5-year Profit Growth of 29.52% and an ROE of 8.21%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.87 before investing in MAIDEN shares.

How does Maiden Forgings Ltd compare with its industry peers?

Maiden Forgings Ltd competes with major peers in the Iron & Steel Products. Investors should compare MAIDEN share price P/E of 29.47x and ROE of 8.21% against the industry averages to determine competitive standing.

What is the P/E ratio of MAIDEN and what does it mean?

MAIDEN share price has a P/E ratio of 29.47x compared to the industry average of 22.05x. Investors pay ₹29 for every ₹1 of annual earnings.

How is MAIDEN performing according to Bull Run's analysis?

MAIDEN has a Bull Run fundamental score of 26.6/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does MAIDEN belong to?

MAIDEN operates in the Iron & Steel Products industry. This classification helps understand the competitive landscape and sector-specific trends affecting Maiden Forgings Ltd share price.

What is Return on Equity (ROE) and why is it important for MAIDEN?

MAIDEN has an ROE of 8.21%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Maiden Forgings Ltd generates profits from shareholders capital.

How is MAIDEN debt-to-equity ratio and what does it indicate?

MAIDEN has a debt-to-equity ratio of 0.87, which indicates moderate leverage that should be monitored.

What is MAIDEN dividend yield and is it a good dividend stock?

MAIDEN offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Maiden Forgings Ltd shares.

How has MAIDEN share price grown over the past 5 years?

MAIDEN has achieved 5-year growth rates of: Sales Growth 0.85%, Profit Growth 29.52%, and EPS Growth 3.58%.

What is the promoter holding in MAIDEN and why does it matter?

Promoters hold 71.97% of MAIDEN shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Maiden Forgings Ltd.

What is MAIDEN market capitalisation category?

MAIDEN has a market capitalisation of ₹121 crores, placing it in the Small-cap category.

How volatile is MAIDEN stock?

MAIDEN has a beta of N/A. A beta > 1 suggests the Maiden Forgings Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is MAIDEN operating profit margin trend?

MAIDEN has a 5-year average Operating Profit Margin (OPM) of 8.32%, indicating the company's operational efficiency.

How is MAIDEN quarterly performance?

Recent quarterly performance shows Maiden Forgings Ltd YoY Sales Growth of 0.32% and YoY Profit Growth of -48.15%.

What is the institutional holding pattern in MAIDEN?

MAIDEN has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Maiden Forgings Ltd stock.

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