Maiden Forgings Ltd Stock Price Today (NSE: MAIDEN)
Fundamental Score
Maiden Forgings Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Maiden Forgings Ltd share price today is ₹80.00, up +3.90% on NSE/BSE as of 17 June 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 ₹96.85 and the 52-week low is ₹63.52. 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
Maiden Forgings Ltd share price chart: -3.57% return over the past month. 52-week high ₹96.85, 52-week low ₹63.52.
Maiden Forgings Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹81.85 | ₹81.85 | ₹81.70 | ₹81.70 | 3.00K (Cr) | |
| ₹80.00 | ₹80.00 | ₹78.00 | ₹78.00 | 5.00K (Cr) | |
| ₹81.00 | ₹81.00 | ₹81.00 | ₹81.00 | 0.00 (Cr) | |
| ₹80.95 | ₹81.00 | ₹80.95 | ₹81.00 | 2.00K (Cr) | |
| ₹79.40 | ₹81.00 | ₹79.40 | ₹80.95 | 8.00K (Cr) | |
| ₹78.00 | ₹82.90 | ₹78.00 | ₹79.23 | 7.00K (Cr) | |
| ₹79.00 | ₹79.00 | ₹79.00 | ₹79.00 | 1.00K (Cr) | |
| ₹78.90 | ₹82.00 | ₹78.90 | ₹80.55 | 3.00K (Cr) | |
| ₹77.01 | ₹79.00 | ₹75.00 | ₹76.60 | 10.00K (Cr) | |
| ₹78.00 | ₹78.10 | ₹78.00 | ₹78.05 | 2.00K (Cr) |
Maiden Forgings Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹80.00 | ₹81.85 | ₹78.00 | ₹81.70 | +2.13% | |
| ₹83.01 | ₹83.01 | ₹75.00 | ₹81.00 | -2.42% | |
| ₹80.95 | ₹90.00 | ₹70.77 | ₹85.45 | +5.56% | |
| ₹85.00 | ₹90.00 | ₹63.52 | ₹69.04 | -18.78% | |
| ₹88.65 | ₹91.85 | ₹84.25 | ₹85.23 | -3.86% | |
| ₹92.94 | ₹96.85 | ₹86.00 | ₹89.70 | -3.49% | |
| ₹85.20 | ₹95.90 | ₹85.00 | ₹91.51 | +7.41% | |
| ₹84.00 | ₹87.90 | ₹80.00 | ₹85.89 | +2.25% | |
| ₹75.01 | ₹88.00 | ₹74.00 | ₹84.96 | +13.26% | |
| ₹77.00 | ₹80.00 | ₹72.00 | ₹77.90 | +1.17% | |
| ₹82.95 | ₹84.48 | ₹76.00 | ₹77.45 | -6.63% | |
| ₹81.10 | ₹87.50 | ₹79.20 | ₹82.00 | +1.11% |
AI Research Briefing
Powered by Gemini · 2026-04-13
Overvalued micro-cap B2G play with stretched financials and high execution risk; avoid until fundamentals improve.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Maiden Forgings reported record FY26 production of 35,546 MT, up 11.5% YoY, driving revenue over Cr, a 9.5% increase. A new plant is ready and set to begin operations in Q1 FY27. Also, 2,842,400 equity shares were released from a lock-up agreement on April 11, 2026.
CORE STORY (THE REAL GAME)
B2G play riding the 'Make in India' wave. Maiden Forgings is positioning itself to benefit from increased government spending and indigenization in the defense and infrastructure sectors.
- Record FY26 production and revenue growth
- Successful B2G registrations with key government organizations
- New plant commissioning in Q1 FY27
- Significant new order wins from government entities
- Successful commissioning and ramp-up of the new plant
- Improvement in interest coverage ratio
- Micro/SME cap: liquidity risk
- High Debt/Equity ratio of 0.87
- Low Interest Coverage ratio of 1.72x
Promoter holding decreased by 1.4%
India's steel production is projected to reach 300 million tonnes by 2030, but profitability remains under pressure due to fluctuating raw material costs.
No specific order book value found after live search.
No: Free Cash Flow 5Y is ₹-18.73 Cr
Ramp up of B2G orders and new plant are key. Monitor order inflows, execution, and financial health closely over the next 6 months.
Primary Thesis Risk
Reliance on government contracts and stretched financials make it vulnerable to policy changes and execution risks.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Maiden Forgings Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
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 vs Iron & Steel Products Peers
Peer Comparison - Iron & Steel Products
Compare Maiden Forgings Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Maiden Forgings LtdMaiden Forgings...Selected✓ MAIDEN • 543874 | 26.6/100 | ₹80.00₹80 | ₹120.83₹120.83 | 29.47Average 29.5 Average | 8.21%Poor 8.21% Poor | 11.35%Average 11.35% Average | 0.87Good 0.9 Good | 29.52%Excellent 29.52% Excellent | 0.85%Average 0.85% Average | 0.00% |
Apl Apollo Tubes LtdApl Apollo Tube... APLAPOLLO • 533758 | 58.2/100 | ₹1788.30₹1788 | ₹48140.62₹48140.62 | 45.90Average 45.9 Average | 18.95%Good 18.95% Good | 22.36%Excellent 22.36% Excellent | 0.16Excellent 0.2 Excellent | 25.60%Excellent 25.60% Excellent | 21.78%Excellent 21.78% Excellent | 0.33% |
Shyam Metalics and Energy LtdShyam Metalics ... SHYAMMETL • 543299 | 68/100 | ₹961.40₹961 | ₹22904.25₹22904.25 | 23.60Average 23.6 Average | 8.99%Poor 8.99% Poor | 12.05%Average 12.05% Average | 0.10Excellent 0.1 Excellent | 21.75%Excellent 21.75% Excellent | 28.17%Excellent 28.17% Excellent | 0.55% |
Welspun Corp LtdWelspun Corp Lt... WELCORP • 532144 | 68.3/100 | ₹1377.60₹1378 | ₹22738.84₹22738.84 | 12.82Average 12.8 Average | 18.59%Good 18.59% Good | 21.24%Excellent 21.24% Excellent | 0.19Excellent 0.2 Excellent | 13.17%Good 13.17% Good | 7.02%Good 7.02% Good | 0.58% |
Ratnamani Metals & Tubes LtdRatnamani Metal... RATNAMANI • 520111 | 68/100 | ₹2511.50₹2512 | ₹16673.81₹16673.81 | 27.49Average 27.5 Average | 16.01%Good 16.01% Good | 21.51%Excellent 21.51% Excellent | 0.06Excellent 0.1 Excellent | 12.03%Good 12.03% Good | 14.94%Good 14.94% Good | 0.59% |
Godawari Power & Ispat LtdGodawari Power ... GPIL • 532734 | 58.9/100 | ₹281.65₹282 | ₹16393.58₹16393.58 | 22.05Average 22.1 Average | 17.23%Good 17.23% Good | 23.25%Excellent 23.25% Excellent | 0.04Excellent 0.0 Excellent | 36.29%Excellent 36.29% Excellent | 10.43%Good 10.43% Good | 0.42% |
Gallantt Ispat LtdGallantt Ispat ... GALLANTT • 532726 | 61.5/100 | ₹653.85₹654 | ₹14229.55₹14229.55 | 28.88Average 28.9 Average | 15.11%Good 15.11% Good | 19.20%Good 19.20% Good | 0.21Excellent 0.2 Excellent | 77.96%Excellent 77.96% Excellent | 37.76%Excellent 37.76% Excellent | 0.21% |
Usha Martin LtdUsha Martin Ltd... USHAMART • 517146 | 43.7/100 | ₹490.75₹491 | ₹12879.99₹12879.99 | 30.52Average 30.5 Average | 15.83%Good 15.83% Good | 18.75%Good 18.75% Good | 0.09Excellent 0.1 Excellent | -0.10%Poor -0.10% Poor | 10.03%Good 10.03% Good | 0.71% |
Jindal Saw LtdJindal Saw Ltd... JINDALSAW • 500378 | 42.5/100 | ₹240.88₹241 | ₹10658.72₹10658.72 | 7.76Average 7.8 Average | 16.31%Good 16.31% Good | 19.37%Good 19.37% Good | 0.43Excellent 0.4 Excellent | 23.92%Excellent 23.92% Excellent | 12.37%Good 12.37% Good | 1.20% |
Maharashtra Seamless LtdMaharashtra Sea... MAHSEAMLES • 500265 | 62/100 | ₹614.90₹615 | ₹7894.79₹7894.79 | 10.07Average 10.1 Average | 12.90%Average 12.90% Average | 16.63%Good 16.63% Good | 0.00Excellent 0.0 Excellent | 36.46%Excellent 36.46% Excellent | 14.78%Good 14.78% Good | 1.70% |
Jayaswal Neco Industries LtdJayaswal Neco I... JAYNECOIND • 522285 | 38.5/100 | ₹98.86₹99 | ₹6850.49₹6850.49 | 18.18Average 18.2 Average | 4.86%Poor 4.86% Poor | 12.59%Average 12.59% Average | 0.90Good 0.9 Good | 16.22%Excellent 16.22% Excellent | 10.52%Good 10.52% Good | 0.00% |
Top Iron & Steel Products Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Apl Apollo Tubes Ltd share price48140.62 Cr
- Shyam Metalics and Energy Ltd share price22904.25 Cr
- Welspun Corp Ltd share price22738.84 Cr
- Ratnamani Metals & Tubes Ltd share price16673.81 Cr
- Godawari Power & Ispat Ltd share price16393.58 Cr
Maiden Forgings Ltd PE Ratio History
Historical price-to-earnings ratio for MAIDEN — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2024 | ₹6.84 | ₹77.74 | 11.4x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Maiden Forgings Ltd Quarterly Performance
Latest quarterly metrics for MAIDEN — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
0.32%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-48.15%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
0.85%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
29.52%
Compounded annual net profit growth over 5 years
Maiden Forgings Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for MAIDEN — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Maiden Forgings Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Maiden Forgings Ltd (MAIDEN) — sourced from NSE/BSE filings.
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Fetching financial data for Maiden Forgings Ltd
About MAIDEN (Maiden Forgings Ltd)
Maiden Forgings Ltd is a prominent Indian manufacturer specializing in a diverse range of ferrous metal products, establishing itself as a key player in the nation's iron and steel... industry. Their core business revolves around transforming raw materials into high-quality finished goods, catering to various industrial and commercial applications. The company prides itself on its comprehensive product portfolio, encompassing everything from robust steel bars, meticulously crafted wires, and precisely formed profiles. This breadth of offerings allows Maiden Forgings to serve a wide spectrum of customer needs, providing tailored solutions that meet specific technical requirements and industry standards. At the heart of Maiden Forgings' operations lies a commitment to precision and quality. They employ advanced manufacturing processes and stringent quality control measures to ensure that every product meets the highest standards of durability, performance, and consistency. Whether it's the bright finish of their stainless steel bars or the exacting tolerances of their steel wires, Maiden Forgings strives for excellence in every aspect of production. This dedication to quality has earned them a reputation for reliability and trust among their customers, solidifying their position as a preferred supplier in the market. Their use of plastic strip nails and wire collected nails is popular with construction and other industries for efficiency. Maiden Forgings' commitment extends beyond product quality to encompass sustainability and responsible manufacturing practices. They are continuously exploring ways to minimize their environmental impact, implementing initiatives to reduce waste, conserve energy, and promote the responsible sourcing of raw materials. By embracing sustainable practices, Maiden Forgings aims to contribute to a cleaner and more environmentally conscious future while continuing to deliver exceptional value to its customers and stakeholders. The company has a long history of nail making but has branched into other markets to survive.
Company Details
Key Leadership
Latest News
MAIDEN Share Price: Frequently Asked Questions
What is the current share price of Maiden Forgings Ltd?
Maiden Forgings Ltd (MAIDEN) trades at ₹80.00 on NSE and BSE. Market cap ₹120.83 (Cr). Educational data only.
What is the P/E ratio of Maiden Forgings Ltd?
Maiden Forgings Ltd has a P/E of 29.47x vs industry average 22.05x.
What is the Bull Run score for Maiden Forgings Ltd?
Maiden Forgings Ltd has a Bull Run score of 26.6/100 based on 25+ financial parameters.
Does Maiden Forgings Ltd pay dividends?
Maiden Forgings Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Maiden Forgings Ltd?
Maiden Forgings Ltd has ROE of 8.21%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Maiden Forgings Ltd?
Maiden Forgings Ltd has debt-to-equity of 0.87.
Is Maiden Forgings Ltd a good investment?
Bull Run gives Maiden Forgings Ltd a score of 26.6/100. This is not investment advice — consult a SEBI-registered advisor.