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Mahamaya Steel Industries Ltd
MAHASTEEL NSE
Mahamaya Steel Industries Ltd
Industrial ProductsNSE: MAHASTEEL BSE: 513554 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹1,844 Cr
Volatility
Moderate
P/E Ratio
187.15
EBITDA
₹23.66 Cr
Return on Equity
5.1%
Debt to Equity
0.37
Book Value
₹96.59
52W High
₹1,135
52W Low
₹331
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mahamaya Steel Industries Ltd insights
32 extracted metrics + investor summaries across FY10–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 61.0% CAGR over last 5 years
Weaknesses
3- Stock is trading at 11.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.09% over last 3 years.
Growth Rate
Revenue Growth
9.94% ↗
Net Income Growth
23.29% ↗
Cash Flow Change
-38.03% ↘
ROE
7.14% ↗
ROCE
2.68% ↗
EBITDA Margin (Avg.)
7.66% ↗
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 220 | 186 | 180 | 198 | 211 | 155 | 200 | 236 | 207 | 189 | 224 | 263 | 268 |
| Expenses | 216 | 182 | 176 | 194 | 207 | 152 | 196 | 228 | 202 | 184 | 218 | 255 | 262 |
| Operating Profit | 4.43 | 4.14 | 4.43 | 3.32 | 4.03 | 2.93 | 4.06 | 7.71 | 4.89 | 5.07 | 5.85 | 7.84 | 5.76 |
| OPM % | 2.01% | 2.23% | 2.46% | 1.68% | 1.91% | 1.89% | 2.03% | 3.26% | 2.36% | 2.69% | 2.61% | 2.98% | 2.15% |
| Other Income | 0.81 | 0.56 | 1.54 | 1.58 | 0.13 | 0.43 | 0.26 | 2.26 | 0.78 | 0.69 | 0.4 | 1.25 | 0.12 |
| Interest | 1.42 | 0.95 | 1.51 | 1.27 | 1.08 | 1 | 0.72 | 1.09 | 1.19 | 1.15 | 1.51 | 1.16 | 0.69 |
| Depreciation | 1.73 | 1.76 | 1.77 | 1.74 | 1.88 | 1.92 | 2.04 | 2.02 | 2.15 | 2.21 | 2.2 | 2.26 | 2.31 |
| PBT | 2.09 | 1.99 | 2.69 | 1.89 | 1.2 | 0.44 | 1.56 | 6.86 | 2.33 | 2.4 | 2.54 | 5.67 | 2.88 |
| Tax % | 20.57% | 22.11% | 22.3% | 24.87% | 26.67% | 50% | 30.13% | 21.14% | 25.75% | 21.67% | 25.2% | 28.22% | 26.04% |
| Net Profit | 1.66 | 1.55 | 2.08 | 1.43 | 0.87 | 0.23 | 1.09 | 5.41 | 1.74 | 1.88 | 1.91 | 4.07 | 2.13 |
| EPS in Rs | 1.01 | 0.94 | 1.27 | 0.87 | 0.53 | 0.14 | 0.66 | 3.29 | 1.06 | 1.14 | 1.16 | 2.48 | 1.3 |
Profit & Loss
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 317 | 254 | 297 | 465 | 358 | 251 | 495 | 650 | 784 | 802 | 883 | 943 |
| Expenses | 316 | 238 | 276 | 443 | 343 | 238 | 480 | 636 | 768 | 783 | 859 | 919 |
| Operating Profit | 1 | 16 | 21 | 22 | 15 | 13 | 15 | 14 | 16 | 19 | 24 | 25 |
| OPM % | 0.5% | 6% | 7% | 4.8% | 4.2% | 5% | 3.1% | 2.1% | 2.1% | 2.3% | 2.7% | 2.6% |
| Other Income | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 3 | 4 | 3 | 3 | 2 |
| Interest | 9 | 11 | 12 | 11 | 9 | 6 | 5 | 3 | 5 | 4 | 5 | 5 |
| Depreciation | 7 | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 8 | 9 | 9 |
| PBT | -12 | 1 | 4 | 7 | 0 | 2 | 7 | 7 | 9 | 10 | 13 | 13 |
| Tax % | 27% | -63% | 44% | 16% | -505% | 45% | 27% | 25% | 22% | 24% | 26% | — |
| Net Profit | -15 | 1 | 2 | 6 | 2 | 1 | 5 | 5 | 7 | 8 | 10 | 10 |
| EPS in Rs | -11.24 | 0.91 | 1.74 | 4.32 | 1.78 | 0.6 | 2.98 | 3.31 | 4.09 | 4.62 | 5.84 | 6.08 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 68 | 74 | 76 | 82 | 85 | 97 | 112 | 118 | 125 | 133 | 142 |
| Borrowings | 103 | 94 | 101 | 101 | 79 | 81 | 45 | 43 | 41 | 46 | 58 |
| Other Liabilities | 30 | 29 | 40 | 41 | 34 | 32 | 31 | 47 | 51 | 49 | 53 |
| Total Liabilities | 214 | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 | 270 |
| Fixed Assets | 69 | 74 | 69 | 66 | 63 | 61 | 60 | 65 | 69 | 70 | 73 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 33 | 32 | 32 | 32 | 31 | 31 | 31 | 30 | 26 | 27 | 28 |
| Other Assets | 110 | 105 | 131 | 140 | 117 | 133 | 115 | 130 | 139 | 146 | 169 |
| Total Assets | 214 | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 | 270 |
Cash Flow
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 25 | 13 | 3 | 18 | 35 | -4 | 44 | 2 | 14 | 9 | 8 |
| Investing | -16 | 2 | 1 | -7 | -3 | 1 | -5 | -11 | -6 | -11 | -15 |
| Financing | -10 | -16 | -4 | -11 | -31 | 5 | -26 | -5 | -8 | 1 | 7 |
| Net Cash Flow | -1 | 0 | 1 | -1 | 1 | 2 | 13 | -15 | 1 | -1 | -1 |
| Free Cash Flow | 23 | 5 | 1 | 15 | 31 | -7 | 39 | -9 | 5 | 0 | -3 |
| CFO/OP | 1,702 | 83 | 18 | 85 | 239 | -25 | 306 | 24 | 103 | 60 | 47 |
Ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 39 | 29 | 14 | 17 | 29 | 16 | 10 | 7 | 11 | 7 |
| Inventory Days | 56 | 81 | 94 | 83 | 86 | 130 | 42 | 55 | 49 | 45 | 58 |
| Days Payable | 10 | 3 | 34 | 19 | 24 | 28 | 5 | 12 | 8 | 14 | 13 |
| Cash Conversion Cycle | 94 | 116 | 89 | 78 | 79 | 131 | 52 | 52 | 48 | 43 | 53 |
| Working Capital Days | 0 | 12 | 23 | 17 | 20 | 59 | 27 | 26 | 21 | 17 | 16 |
| ROCE % | — | 5% | 8% | 9% | 5% | 4% | 6% | 6% | 7% | 7% | 8% |
Documents
1
Announcement under Regulation 30 (LODR)-Monthly Business Updates
4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT. 4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT.
2
Announcement under Regulation 30 (LODR)-Monthly Business Updates
4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT. 4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Regulation 74(5) of SEBI DP Regulations for the quarter ended 31.03.2026 10 Apr - Certificate under Regulation 74(5) of SEBI DP Regulations for the quarter ended 31.03.2026
4
Announcement under Regulation 30 (LODR)-Monthly Business Updates
1 Apr - Mahamaya Steel reports March 2026 sales of 13,982.830 MT. 1 Apr - Mahamaya Steel reports March 2026 sales of 13,982.830 MT.
5
Closure of Trading Window
28 Mar - Trading window closed from 1 April 2026 until 48 hours after results announcement. 28 Mar - Trading window closed from 1 April 2026 until 48 hours after results announcement.
Frequently Asked Questions about Mahamaya Steel Industries Ltd
What does Mahamaya Steel Industries Ltd do?
Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.[1]
Where is Mahamaya Steel Industries Ltd (MAHASTEEL) listed?
Mahamaya Steel Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: MAHASTEEL and BSE: 513554. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Mahamaya Steel Industries Ltd belong to?
Mahamaya Steel Industries Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Mahamaya Steel Industries Ltd?
Mahamaya Steel Industries Ltd has a market capitalisation of approximately ₹1843.94 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Mahamaya Steel Industries Ltd?
The Price-to-Earnings (PE) ratio of Mahamaya Steel Industries Ltd is 187.15. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Mahamaya Steel Industries Ltd?
Over the past 52 weeks, Mahamaya Steel Industries Ltd has traded between a low of ₹331 and a high of ₹1,135. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Mahamaya Steel Industries Ltd?
Mahamaya Steel Industries Ltd has a Return on Equity (ROE) of 5.10%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Mahamaya Steel Industries Ltd on Tapetide?
On Tapetide, you can view Mahamaya Steel Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.[1]