- POSITIVE
Annual Revenue Maiden Forgings Mar-2026 Annual Revenue is Rs 234 Cr which is growth of 9.6% YoY.
- NEGATIVE
Annual Net Profit Maiden Forgings Mar-2026 Annual Net Profit is Rs 5 Cr which is growth of -17.0% YoY.
aboutMaiden Forgings Ltd. is a specialized manufacturer of ferrous metal products, primarily focused on bright bars, wires, and profiles. Operating in the niche segment of value-added steel products, the company serves a diverse range of industries includ... Read More
92.000.00(0.00%)
9,000
BSE Volume
BSE 30 Oct, 2026 3:31 PM (IST)
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Maiden Forgings Stock Price Analysis
Week Price Range-2.1% 1 Week return | 92 (LTP) 90.594.1 LowHigh |
|---|---|
Month Price Range-10.6% 1 Month return | 92 (LTP) 90.5102 LowHigh |
52 Week Price Range8.3% 1 Year return | 92 (LTP) 63.5125 LowHigh |
Competitors/Peers
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Documents
Maiden Forgings annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
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*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
9.6%
2Y CAGR
-0.7%
3Y CAGR
1.9%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
-18%
2Y CAGR
-28.2%
3Y CAGR
-19.5%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
11.9%
2Y CAGR
0.8%
3Y CAGR
2.9%
Operating Expenses Annual Cr growth is stable compared to historical averages.
Maiden Forgings Technical Analysis
Maiden Forgings EMA & SMA
Bearish-6
1 bullish, 7 bearish
Bullish1
Bearish7
| 5 Day | 93.1 |
|---|---|
| 10 Day | 94.3 |
| 12 Day | 94.7 |
| 20 Day | 96.1 |
| 26 Day | 97.0 |
|---|---|
| 50 Day | 98.3 |
| 100 Day | 96.2 |
| 200 Day | 91.8 |
Maiden Forgings Delivery And Volume
Daily Avg. Delivery Volume %
30 Oct, 202688.9%
Week88.9%
Month77.1%
Maiden Forgings Active Candlesticks
Dragonfly Doji Hammer Long Legged Doji Uptrend Takuri
Legend
Positive IndicatorNeutral IndicatorNegative Indicator
Maiden Forgings Resistance and Support
91.50
Pivot
| First Resistance | 92.5 |
|---|---|
| Second Resistance | 93 |
| Third Resistance | 94 |
| First Support | 91 |
|---|---|
| Second Support | 90 |
| Third Support | 89.5 |
| Day RSI | 34.2 |
|---|---|
| Day MACD | -2.3 |
| Day MFI | 36.8 |
| Day MACD Signal Line | -2.1 |
Maiden Forgings Beta
| 1 Month | -0.8 |
|---|---|
| 1 Year | 0.1 |
| 3 Month | -0.2 |
|---|---|
| 3 Year | 0.3 |
Maiden Forgings Price Change Analysis
↓-10.6%
Over 1 Month
LowHigh
90.5102.0
↓-7.2%
Over 3 Months
LowHigh
90.5125
↑7.7%
Over 6 Months
LowHigh
74125
↑8.3%
Over 1 Year
LowHigh
63.5125
Maiden Forgings Deals - Insider, Bulk, Block and SAST
| Client Name | Deal Type | Action | Date | Avg. Price | Quantity | Exchange |
|---|---|---|---|---|---|---|
| MUKESH SHARMA FAMILY TRUST | Bulk | Purchase | 24 Nov 2025 | 86.39 | 140,000 | BSE |
| NIVEDITA GARG | Bulk | Sell | 15 Jul 2025 | 80.90 | 100,000 | BSE |
| SONALI RAJEEV MAHESHWARI | Bulk | Sell | 13 Jun 2023 | 102.08 | 74,000 | BSE |
| SONALI RAJEEV MAHESHWARI | Bulk | Purchase | 13 Jun 2023 | 101.85 | 74,000 | BSE |
| NIKUNJ KAUSHIK SHAH | Bulk | Purchase | 13 Jun 2023 | 102.69 | 78,000 | BSE |
| NIKUNJ KAUSHIK SHAH | Bulk | Sell | 13 Jun 2023 | 103.66 | 78,000 | BSE |
| AJIAM CAPITAL PRIVATE LIMITED . | Bulk | Sell | 12 Jun 2023 | 102.94 | 78,000 | BSE |
| AJIAM CAPITAL PRIVATE LIMITED . | Bulk | Purchase | 12 Jun 2023 | 104.38 | 88,000 | BSE |
| JAYAKRISHNA HANUMANBUX TAPARIA | Bulk | Sell | 12 Jun 2023 | 104.03 | 80,000 | BSE |
| JAYAKRISHNA HANUMANBUX TAPARIA | Bulk | Purchase | 07 Jun 2023 | 63.29 | 150,000 | BSE |
Maiden Forgings Corporate Actions
Maiden Forgings Board Meetings
Maiden Forgings past and upcoming board meetings.
#Ex-Date | Purpose | Notes |
|---|---|---|
130 May 2026 | Audited Results | - |
214 Nov 2025 | Half Yearly Results | - |
324 Oct 2025 | Preferential issue of shares & Others | Inter-alia, to consider 1. Alter Articles of Association by inserting clause Further Issue of Capital in order to align it with the fund raising/ further issue proposals. 2.Other business matters. |
429 May 2025 | Audited Results | - |
514 Nov 2024 | Half Yearly Results | - |
Maiden Forgings Corporate Filings
Maiden Forgings BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.
| Date | Announcement Title | Details | Links |
|---|---|---|---|
| 09 Oct 2026 | Maiden Forgings Ltd - 543874 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 | The Company is hereby submitting the confirmation certificate received from M/S Maashilta Securities Private Limited, Registrar and Transfer Agent of the Company, confirming compliance with the provisions of regulation 74(5)of the SEBI (Depository and Participants) Regulation, 2018, for the quarter ended 30th September, 2026. | |
| 08 Oct 2026 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Press Release / Media Release | Pursuant to the provisions of Regulation 30 of security exchange board of India (Listing Obligations and Disclosure Requirements)Regulation 2015, we hereby enclose a press release titled "Maiden Forgings H1 FY27 Revenue From Operations Grows 16% YoY to 127cr; Sales Volume Rise 14.20% YoY. | |
| 30 Sep 2026 | Maiden Forgings Ltd - 543874 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report | Pursuant to the provisions of Regulation 44 of the SEBI(LODR), 2015, we hereby enclose the voting results and the scrutinizers report for the AGM, which was held on 28 September 2026 at 3:30 P.M | |
| 28 Sep 2026 | Maiden Forgings Ltd - 543874 - Shareholder Meeting / Postal Ballot-Outcome of AGM | Summary proceedings of 21st Annual General Meeting of M/s Maiden Forgings Limited held on Monday, September 28, 2026, at 3:30 P.M. through video confrencing (VC)/ other audio visual means (OAVM) | |
| 25 Sep 2026 | Maiden Forgings Ltd - 543874 - Closure of Trading Window | Pursuant to SEBI(PIT) Regulations, 2015, read with the Company''s code for prevention of Insider Trading, we would like to inform you that the Trading Window for trading/dealing in securities of the company by designated persons (including their immediate relatives) of the company shall remain closed with effect from October 01, 2026 till 48 hours after declaration of financial results for the half year ended on September 30, 2026. |
Maiden Forgings Documents
Maiden Forgings Earnings Call
Maiden Forgings earnings calls, including management commentary and AI-generated summaries.
| Date | Title | Links |
|---|---|---|
| 04 Jun 2026 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
| 25 Nov 2025 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
| 06 Jun 2025 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Ai summaryLink |
| 04 Jun 2025 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link |
| 28 Nov 2024 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Ai summaryLink |
Maiden Forgings Annual Reports
Maiden Forgings financials, including annual results, balance sheets, and cash flow statements.
| Date | Report Title | Links |
|---|---|---|
| 2023 | Annual Report Mar-2023 | Link |
Maiden Forgings Credit Ratings
Maiden Forgings credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.
| Date | Rating Agency | Company Name | Description | Links |
|---|---|---|---|---|
| 31 Mar 2026 | crisil ratings | Maiden Forgings Limited | Maiden Forgings Limited:Rating reaffirmed at 'Crisil BBB / Stable' | Link |
| 18 Feb 2025 | care ratings | Maiden Forgings Limited | Link | |
| 30 Jan 2025 | crisil ratings | Maiden Forgings Limited | Maiden Forgings Limited:'Crisil BBB/Stable' assigned to Bank Debt | Link |
| 19 Feb 2024 | care ratings | Maiden Forgings Limited | Link |
Maiden Forgings Investor Presentations
Maiden Forgings investor presentations, including business updates, financial insights, and strategic initiatives.
| Date | Report Title | Links |
|---|---|---|
| 02 Jun 2026 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 20 Nov 2025 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 02 Jun 2025 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 27 Nov 2024 | Maiden Forgings Ltd - 543874 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 15 Jul 2024 | Maiden Forgings Ltd - 543874 - General-Update | Link |
Maiden Forgings - Company Profile
Maiden Forgings Management Structure
Maiden Forgings management structure with salaries, total experience, and qualifications.
Maiden Forgings Board of Directors
Maiden Forgings Board of directors with salaries, total experience, and qualifications.
Website: maidenforgings.in
About the company - Business Profile
Maiden Forgings Ltd. is a specialized manufacturer of ferrous metal products, primarily focused on bright bars, wires, and profiles. Operating in the niche segment of value-added steel products, the company serves a diverse range of industries including automotive, engineering, and infrastructure. It has recently expanded its strategic footprint by entering the defense sector, securing registrations with major government bodies to supply critical components.
Key Points
- Key Facts:
- Founded Year: 2005 (formerly Maiden Forgings (P) Ltd.).
- Headquarters: Ghaziabad, Uttar Pradesh, India.
- Stock Listing: Listed on the BSE (Ticker: 543874).
- Market Capitalization: Approximately ₹121.51 crore (as of November 2025).
- Operations and Resources:
- The company operates multi-location manufacturing facilities.
- It is an ISO 9001:2015 certified company.
- Notable assets include specialized equipment for the production of stainless steel bright bars and high-margin profiles.
- Market and Significance:
- Maiden Forgings plays a strategic role in the Indian manufacturing ecosystem by supplying to both B2B and B2G (Business-to-Government) segments.
- It is a registered supplier with the Ordnance Factory Board (OFB) at Murad Nagar and Kolkata.
- The company has recently secured registration with CEMILAC (DRDO), enhancing its credentials for the defense, aerospace, and power sectors (including HAL and NTPC).
- Business Model and Competencies:
- The business model is built on product diversification and moving up the value chain from commodity steel to high-precision forged and machined components.
- The company excels in maintaining operational discipline while expanding into high-margin product categories.
- A key strength lies in its ability to meet the stringent quality standards required for defense and public sector undertakings (PSUs).
- Financial Performance (FY2024-25):
- Total Income: ₹213.57 crore for the full year ended March 31, 2025.
- Profit After Tax (PAT): ₹6.05 crore in FY25, showing growth compared to ₹4.05 crore in the prior half-year period of FY24.
- Revenue Breakdown: Significant revenue is driven by high-margin products like stainless steel bright bars.
- Earnings Per Share (EPS): ₹4.26 for FY25.
- Key Ratios:
- Return on Equity (ROE): 10.88% (FY25).
- Return on Capital Employed (ROCE): 14.68% (FY25).
- Debt to Equity: 1.66 times (FY25).
- Interest Coverage Ratio: 2.17 times (FY25).
- Key Products and Technology Advancements:
- Core offerings include Bright Bars, Wires, and Profiles.
- Upcoming expansion includes the introduction of GI Wire and Stainless Steel Machine Components starting from the 2026-27 financial year.
- The company is focusing on both vertical (capacity) and horizontal (product range) expansion to capture superior margin potential.
- Strategic Initiatives and Future Outlook:
- B2G Expansion: Actively participating in indigenization and "Make in India" goals through defense contracts.
- Infrastructure: Leveraging its multi-location approved supplier status to bid for larger contracts with defense and power entities.
- Product Diversification: Shifting focus toward value-added product categories to mitigate the impact of raw material price volatility and improve profitability.