# Maiden Forgings (NSE: MAIDEN) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/MAIDEN · Pivot · prices to 22 Oct 2026

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

| Metric | Value |
| --- | --- |
| Market cap | ₹109 Cr |
| ROE | 6.2% (FY26) |
| ROCE | 13.9% (FY26) |
| Debt to equity | 0.64 |

## Quarterly results (₹ crore, standalone)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q2 FY24 | ₹116 Cr | — | ₹4 Cr | — | ₹2.93 |
| Q1 FY24 | — | — | — | — | — |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹213 Cr | ₹6 Cr |
| FY24 | ₹236 Cr | ₹10 Cr |
| FY23 | ₹221 Cr | ₹10 Cr |
| FY22 | ₹211 Cr | ₹2 Cr |
| FY17 | ₹82 Cr | ₹1 Cr |

## Shareholding (31 Mar 2026)

- Promoters: 71.97%
- Domestic institutions: 0.15%
- Non-institutions: 27.88%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [Bihar Sponge](https://app.pivotnow.in/stock/BIHSPONG) | — | ₹118 Cr | — | — |
| [Alliance Integ](https://app.pivotnow.in/stock/AIML) | — | ₹113 Cr | — | — |
| [Mangalam Worldwide](https://app.pivotnow.in/stock/MWL) | ₹37.82 | ₹112 Cr | 2.2 | — |
| [Steelco Gujarat](https://app.pivotnow.in/stock/STEELCO) | — | ₹106 Cr | — | — |
| [Shyam Century Ferrous](https://app.pivotnow.in/stock/SHYAMCENT) | ₹4.97 | ₹105 Cr | — | — |
| [Sharvaya Metals](https://app.pivotnow.in/stock/SHARVAYA) | — | ₹104 Cr | — | — |

## Questions and answers

### 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.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.