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Prices as of 8 Oct 2026 close · Not investment advice

Mahamaya Steel Industries Limited

NSE: MAHASTEELIron & Steel ProductsTrade-to-trade true

Share price

₹1,086.90

-2.51% close of 8 Oct 2026

Market cap ₹1,739 CrP/E 173.9

Business score

How strong the business is, in one number. The parts behind it are in Pro.

54

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,739 Cr

P/E ratio

173.9

P/B ratio

11.3

ROCE

8.4%

ROE

5.7%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,394.1052-week low ₹507.40

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 18.3% over the past year, and 4.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales held steady, near 2.6% over the last four years.

Whether it grew faster than its sector

It grew 4.0% a year against a sector median of 10.6% — 6.6 percentage points slower.

Room to re-rate, or risk of de-rating

At 173.9× earnings it costs 7.3× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 30.3×, across 5 companies. It is against its own five-year median of 28.6×, the 96th percentile of its own range.

Whether growth justifies the valuation

Priced at 8.3 times its growth rate, on earnings growth of 21%.

Profit growthPrice per ₹1 profitPer 1% growth
Mahamaya Steel Industries Limited — this one21%/yr173.9×₹8.3
Welspun Corp Limited119%/yr30.3×—
APL Apollo Tubes Limited23%/yr46.5×₹2.0
Shyam Metalics and Energy Limited9%/yr26.4×₹2.9
Ratnamani Metals & Tubes Limited-1%/yr39.9×—
Jindal Saw Limited14%/yr26.5×₹1.9

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel Products), it ranks 53 of 70 on returns, 52 of 68 on growth, 62 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 8.4% on capital, ahead of 24% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹77 crore of cash from the business, spent ₹45 crore on plant and equipment, and returned ₹31 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 11 years, about 522 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 27 days for its cash to waiting 16 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹268 Cr

Revenue vs last year

+29.3%

Revenue vs last quarter

+1.7%

Net profit

₹2 Cr

Profit vs last year

+22.3%

Profit vs last quarter

-47.7%

Net margin

0.8%

EPS

₹1.30

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,739 Cr
Prev close
₹1,086.90
52w High
₹1,421
52w Low
₹501
Enterprise value
₹1,797 Cr
Beta
0.2
Price CAGR 1y
120.0%
Price CAGR 3y
143.0%
Price CAGR 5y
65.0%
Price CAGR 10y
21.0%

Ratios

Return on assets
3.7%
PEG ratio
8.6
P/E ratio
173.9
P/B ratio
11.3
EV / EBITDA
73.3
Industry P/E
24.9
ROCE
8.4%
ROCE 5y average
6.8%
ROE
5.7%
Debt / Equity
0.4
Interest coverage
3.6
Dividend yield
0.0%
ROE 3y average
5.0%
ROE last year
6.0%

Annual P&L

Annual revenue
₹883 Cr
Annual profit
₹10 Cr
Operating margin
2.7%
Net profit margin
1.1%
EBITDA margin
2.7%
Sales growth 3y
10.8%
Sales growth 5y
28.6%
Profit growth 3y
21.0%
Profit growth 5y
60.0%
EPS
₹5.8
Sales growth TTM
18.0%
Profit growth TTM
28.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹268 Cr
Profit latest quarter
₹2 Cr
YoY quarterly sales growth
29.3%
YoY quarterly profit growth
22.4%
OPM latest quarter
2.1%

Balance Sheet

Book Value
₹98.8
Face Value
₹10.0
Total debt
₹58 Cr
Total cash
₹0 Cr
Borrowings
₹58 Cr
Reserves / Equity
8.9

Cash Flow

Operating cash flow
₹8 Cr
Free cash flow
-₹3 Cr
FCF yield
-0.5%
Net cash flow
-₹1 Cr

Shareholding

Promoter holding
72.8%
FII holding
0.0%
DII holding
—
Public holding
27.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Welspun Corp2,601.8029.768,6330.181,047.9198.64,081.114.922.9
APL Apollo Tubes2,095.9047.458,1940.40263.110.95,606.78.431.8
Shyam Metalics1,060.5526.429,6030.42350.718.15,455.123.413.0
Jindal Saw276.3527.017,6730.7290.8-75.44,452.39.010.4
Ratnamani Metals2,486.5539.717,4290.40107.0-37.7971.6-15.617.9
Usha Martin511.2528.615,5800.73142.040.71,033.016.419.5
Godawari Power211.3517.414,2290.47222.42.71,750.532.320.5
Mahamaya Steel1,075.30177.61,7670.002.167.7267.629.38.4
Median171.1823.59970.0014.328.3213.216.613.0

Competes with: APL Apollo Tubes Limited, Gallantt Ispat Limited, Godawari Power And Ispat limited, Jindal Saw Limited, Ratnamani Metals & Tubes Limited, Shyam Metalics and Energy Limited, Usha Martin Limited, Welspun Corp Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales220186180198211155200236207189224263268
Expenses216182176194207152196228202184218255262
Material Cost178182128186216211
Change in Inventories14-1821-9.15-7.918.99
Purchases of Stock-in-Trade0.120.100.400.010.010.89
Employee Cost4.174.745.735.706.606.12
Other Expenses323328354135
Operating Profit4.434.144.433.324.032.934.067.714.895.075.857.845.76
OPM %2.012.232.461.681.911.892.033.262.362.692.612.982.15
Other Income0.810.561.541.580.130.430.262.260.780.690.401.250.12
Exceptional items (within Other Income)00.630.05000
Interest1.420.951.511.271.0810.721.091.191.151.511.160.69
Depreciation1.731.761.771.741.881.922.042.022.152.212.202.262.31
Profit before tax2.091.992.691.891.200.441.566.862.332.402.545.672.88
Tax %21222225275030212622252826
Net Profit1.661.552.081.430.870.231.095.411.741.881.914.072.13
EPS in Rs1.010.941.270.870.530.140.663.291.061.141.162.481.30
Diluted EPS in Rs3.291.061.151.162.481.30

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales317254297465358251495650784802883943
Expenses316238276443343238480636768783859919
Material Cost642713
Change in Inventories7.25-14
Purchases of Stock-in-Trade2.160.52
Employee Cost1423
Other Expenses118137
Operating Profit11621221513151416192425
OPM %0.50674.804.2053.102.102.102.302.702.60
Other Income322211234332
Exceptional items (within Other Income)0.450.68
Interest9111211965353.895.025
Depreciation767666667.007.878.819
Profit before tax-1214702778.65101313
Tax %27-634416-505452725222426
Net Profit-1512621556.727.609.6010
EPS in Rs-110.911.744.321.780.602.983.314.094.625.846.08
Diluted EPS in Rs4.625.84
Dividend Payout %00000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
29%
3 years
11%
TTM
18%

Compounded profit growth

10 years
10%
5 years
60%
3 years
21%
TTM
28%

Stock price CAGR

10 years
21%
5 years
65%
3 years
143%
1 year
120%

Return on equity

10 years
4%
5 years
5%
3 years
5%
Last year
6%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1414141414151616161616
Reserves687476828597112118125133142
Borrowings1039410110179814543414658
Other Liabilities3029404134323147514953
Total Liabilities214211231238211224205225233244270
Fixed Assets6974696663616065697073
CWIP20000000000
Investments3332323231313130262728
Other Assets110105131140117133115130139146169
Total Assets214211231238211224205225233244270

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity251331835-4442148.857.67
Cash from Investing Activity-1621-7-31-5-11-6-11-15
Cash from Financing Activity-10-16-4-11-315-26-5-817
Net Cash Flow-1-01-11213-151-1-1
Free Cash Flow23511531-739-95-0.18-2.56

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days49392914172916107117
Inventory Days56819483861304255494558
Days Payable1033419242851281413
Cash Conversion Cycle941168978791315252484353
Working Capital Days012231720592726211716
ROCE %5895466778

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters737373737373737373737373
FIIs00.0400.111.010.830.710.550.561.170.060
Public272727262626262727262727
No. of Shareholders8,8809,34410,63610,2538,1837,6037,2116,8686,9337,1676,5036,185

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +108.5% (₹521.30 → ₹1,086.90)Brick size ₹63.96 (fixed)Bricks 26
₹500₹750₹1,000₹1,250₹1,087Nov '25Feb '26Jul '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹1,086.90 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

58.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Mahamaya Steel Industries Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • coal
  • pig iron
  • sponge iron (DRI)
  • steel scrap

Depends on the price of

  • Iron Ore
  • coal
  • steel

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Iron & Steel Products
Classification
Capital Goods › Iron & Steel Products
ISIN
INE451L01014

Plants

  • Mahamaya Steel Raipur (structural mill + SMS + gas plant)

News impact

Big market events that reach Mahamaya Steel Industries Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 0, delete 1, insert 7), 2016-10-30..2026-05-28 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.