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Swing Capital

Mahamaya Steel Industries Ltd

NSE: MAHASTEEL BSE: 513554Metal

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]

₹804
52W: ₹256 — ₹1062
PE 158 · Book ₹86.5 · +829% vs book
Market Cap₹1,321 Cr
Stock P/E158Price to Earnings
ROCE6.74%Return on Capital
ROE4.33%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Stock is trading at 9.33 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 3.46% over last 3 years.

Shareholding Pattern

Promoters72.81%
FIIs0.06%
DIIs0%
Public27.14%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters73.41%73.41%73.41%73.41%72.81%▼0.672.81%72.81%72.81%
FIIs0.11%1.01%▲0.90.83%▼0.20.71%▼0.10.55%▼0.20.56%▲0.01.17%▲0.60.06%▼1.1
DIIs0%0%0%0%0%0%0%0%
Public26.49%25.59%▼0.925.75%▲0.225.88%▲0.126.65%▲0.826.64%▼0.026.03%▼0.627.14%▲1.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales185.77180.24197.62211.03154.74199.83236.17207.05188.57224.11
Expenses181.63175.82194.29207.01151.81195.77228.46202.17183.5218.25
Operating Profit4.144.423.334.022.934.067.714.885.075.86
OPM %2.23%2.45%1.69%1.9%1.89%2.03%3.26%2.36%2.69%2.61%
Net Profit1.091.670.960.770.211.034.191.661.41.61
EPS ₹0.661.020.580.470.130.632.551.010.850.98

AI Insights

Revenue Trend

TTM revenue at ₹856Cr, up 6.7% YoY. OPM at 3%.

Debt Position

Borrowings at ₹62Cr. Debt-to-equity ratio: 0.49x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.06% (+0.06pp change). Promoters hold 72.81%.

Margin & Efficiency

ROCE improving from 5% (Mar 2014) to 7% (Mar 2025). Working capital days: 17.

Valuation

PE 158x with 6.74% ROCE. Price is 829% above book value of ₹86.5. Dividend yield: 0%.

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