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- Maiden Forgings
Maiden Forgings share price
NSE: MAIDENMetals & MiningMetal Fabrication
Maiden Forgings at a glance
With a market capitalisation of ₹109 Cr, it ranks 2617th by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the Metals & Mining sector; its industry is Metal Fabrication.
Its return on equity was 6.2% in FY26. In Q2 FY24, the quarter ended 30 Sep 2023, revenue was ₹116 Cr and net profit ₹4 Cr, on a standalone basis. Promoters held 71.97% of the company as of 31 Mar 2026.
Key numbers
- Market cap
- ₹109 CrRank 2617 on NSE
- Price to book
- 1.21×FY26
- ROE
- 6.2%FY26
- ROCE
- 13.9%FY26
- Debt to equity
- 0.64FY26
- Net profit margin
- 2.2%FY26
- Book value / share
- ₹57.09FY26
Returns to 22 Oct 2026
| Period | 1 day | 1 week | 1 month | 3 months | 1 year |
|---|---|---|---|---|---|
| Price change | — | — | — | — | — |
Maiden Forgings quarterly results
| Quarter | Q1 FY24 | Q2 FY24 |
|---|---|---|
| Revenue | — | ₹116 Cr |
| Revenue YoY | — | — |
| Net profit | — | ₹4 Cr |
| Net profit YoY | — | — |
| Net margin | — | 3.6% |
| EPS | — | ₹2.93 |
Maiden Forgings financials
| Item | FY17 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹82 Cr | ₹211 Cr | ₹221 Cr | ₹236 Cr | ₹213 Cr | — |
| Operating profit | ₹1 Cr | ₹3 Cr | ₹13 Cr | ₹14 Cr | ₹9 Cr | — |
| Net profit | ₹1 Cr | ₹2 Cr | ₹10 Cr | ₹10 Cr | ₹6 Cr | — |
| EPS (₹) | ₹2.15 | ₹4.20 | ₹9.21 | ₹6.84 | ₹4.26 | — |
| Cash from operations | −₹5 Cr | ₹3 Cr | ₹2 Cr | −₹12 Cr | ₹5 Cr | — |
| Total debt | ₹9 Cr | ₹19 Cr | ₹17 Cr | ₹15 Cr | ₹20 Cr | ₹0 Cr |
| Shareholders' equity | ₹12 Cr | ₹31 Cr | ₹41 Cr | ₹71 Cr | ₹76 Cr | ₹81 Cr |
Maiden Forgings shareholding pattern
| Holder | 30 Sep 2023 | 31 Mar 2024 | 30 Sep 2024 | 31 Mar 2025 | 30 Sep 2025 | 31 Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 73.37% | 73.37% | 73.37% | 73.37% | 71.97% | 71.97% |
| Domestic institutions | — | 0.27% | — | — | — | 0.15% |
| Non-institutions | 26.63% | 26.36% | 26.63% | 26.63% | 28.03% | 27.88% |
Maiden Forgings vs peers
The listed Metals & Mining companies nearest to Maiden Forgings by market capitalisation.
| Company | Price | 1 day | 1 year | Market cap | P/E | ROE |
|---|---|---|---|---|---|---|
| BIHSPONGBihar Sponge | — | — | — | ₹118 Cr | — | — |
| AIMLAlliance Integ | — | — | — | ₹113 Cr | — | — |
| MWLMangalam Worldwide | ₹37.82 | −2.02% | +68.8% | ₹112 Cr | 2.2 | — |
| MAIDENMaiden Forgings | — | — | — | ₹109 Cr | — | — |
| STEELCOSteelco Gujarat | — | — | — | ₹106 Cr | — | — |
| SHYAMCENTShyam Century Ferrous | ₹4.97 | −2.36% | −31.0% | ₹105 Cr | — | — |
| SHARVAYASharvaya Metals | — | — | — | ₹104 Cr | — | — |
Ask anything about Maiden Forgings
Pivot answers on the live chart with evidence you can check, and tests strategies against MAIDEN's own history. Try: “Why has MAIDEN moved over the last three months?” · “Backtest a 50-day moving-average crossover on MAIDEN over five years” · “Compare MAIDEN with BIHSPONG on margins and valuation”
Frequently asked questions about Maiden Forgings
What is the market cap of Maiden Forgings?
Maiden Forgings' market capitalisation is ₹109 Cr (₹109 Cr) at the 22 Oct 2026 close, ranking 2617th among the NSE companies Pivot tracks.
What is the ROE and ROCE of Maiden Forgings?
Return on equity was 6.2% in FY26 and return on capital employed was 13.9% in FY26 (standalone figures).
Is Maiden Forgings a debt-free company?
No. Maiden Forgings' debt-to-equity ratio was 0.64 in FY26, with total debt of ₹0 Cr.
What were Maiden Forgings' latest quarterly results?
For Q2 FY24 (quarter ended 30 Sep 2023), Maiden Forgings reported revenue of ₹116 Cr and net profit of ₹4 Cr.
What is the shareholding pattern of Maiden Forgings?
As of 31 Mar 2026: promoters 71.97%, domestic institutions 0.15%, non-institutions 27.88%.
Who are Maiden Forgings' competitors?
The listed Metals & Mining companies closest to Maiden Forgings by market cap are Bihar Sponge, Alliance Integ, Mangalam Worldwide, Steelco Gujarat, Shyam Century Ferrous and Sharvaya Metals.
Is Maiden Forgings a good stock to buy?
Pivot does not give buy or sell recommendations. This page sets out Maiden Forgings' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on MAIDEN against its own history before risking money. This is analysis, not financial advice.
Sources and method
Prices: NSE daily closes to 22 Oct 2026 (returns and ratios at the 22 Oct 2026 close). Fundamentals: company filings via Moneycontrol, standalone where available. Shareholding: exchange shareholding-pattern filings. The 52-week range uses intraday highs and lows; the chart marks closing prices. P/E is the last close over trailing twelve-month EPS. Market-cap rank is among the 4,183 NSE companies Pivot tracks; SEBI's bands call the top 100 large-cap and the next 150 mid-cap. Figures marked “—” are not available rather than zero. This is analysis, not financial advice.
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