Maiden Forgings
BSE: MAIDEN · Iron & Steel Products
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Snapshot
Unlock Maiden Forgings's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Maiden Forgings Limited is an Indian manufacturer and exporter specialising in bright bars, profiles, sections, and specialised wires made from stainless, carbon, and alloy steel. The company operates three manufacturing facilities in Ghaziabad, serving diverse industrial sectors including automotive, engineering, and infrastructure.
Business Model
The company generates revenue through the secondary processing of steel into high-precision engineering products for domestic and international clients. It leverages integrated manufacturing capabilities and established raw material supply chains to provide customised steel solutions.
- Installed Capacity:>50,000 metric tonnes per annum
Growth Outlook
Growth is driven by the company's focus on high-precision engineering and the expansion of its footprint within the secondary steel processing market. Continued demand from the automotive and infrastructure sectors remains a key pillar for future volume expansion.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of steel and other raw materials can significantly impact profit margins.
- Cyclical Industry Demand. The company's performance is closely tied to the cyclical nature of the automotive and infrastructure sectors.
- Regulatory and Environmental Compliance. Stringent environmental regulations regarding steel manufacturing processes may necessitate additional capital expenditure.
- Market Competition. Intense competition within the secondary steel processing market may exert pressure on pricing and market share.
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Peers · Iron & Steel Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Maiden ForgingsMAIDEN | ₹152 Cr | — | — | — | 6.0% | — | — | +38.2% |
Panchmahal SteelPANCHMAHQ | ₹580 Cr | 99.72 | 31.76 | — | 5.0% | 3.9% | 7.2% | +13.9% |
Modern MalleableMODMA | ₹569 Cr | 29.40 | 21.16 | 189.2% | 18.2% | 11.8% | 15.1% | — |
Azad India Mobility LimitedAZADIND | ₹509 Cr | — | — | — | 3.3% | -1.4% | -1.3% | -30.1% |
SurajSURAJLTD | ₹385 Cr | 46.44 | 19.13 | -15.2% | 12.0% | 6.1% | 12.6% | -32.1% |
Shah MetacorpSHAH | ₹369 Cr | 26.71 | 25.43 | 48.8% | 10.1% | 5.6% | 5.4% | +12.3% |
As of Mar 2026
Financials
Maiden Forgings
BSE: MAIDEN · Iron & Steel Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Maiden Forgings's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Maiden Forgings Limited is an Indian manufacturer and exporter specialising in bright bars, profiles, sections, and specialised wires made from stainless, carbon, and alloy steel. The company operates three manufacturing facilities in Ghaziabad, serving diverse industrial sectors including automotive, engineering, and infrastructure.
Business Model
The company generates revenue through the secondary processing of steel into high-precision engineering products for domestic and international clients. It leverages integrated manufacturing capabilities and established raw material supply chains to provide customised steel solutions.
- Installed Capacity:>50,000 metric tonnes per annum
Growth Outlook
Growth is driven by the company's focus on high-precision engineering and the expansion of its footprint within the secondary steel processing market. Continued demand from the automotive and infrastructure sectors remains a key pillar for future volume expansion.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of steel and other raw materials can significantly impact profit margins.
- Cyclical Industry Demand. The company's performance is closely tied to the cyclical nature of the automotive and infrastructure sectors.
- Regulatory and Environmental Compliance. Stringent environmental regulations regarding steel manufacturing processes may necessitate additional capital expenditure.
- Market Competition. Intense competition within the secondary steel processing market may exert pressure on pricing and market share.
Start your research today
Unlock AI insights, financials, peers and live data on Maiden Forgings and 5,000+ companies — free.
Peers · Iron & Steel Products
As of Mar 2026