Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹3.53 (vs ₹4.26 in FY 2025) Full year 2026 results: EPS: ₹3.53 (down from ₹4.26 in FY 2025). Revenue: ₹2.34b (up 9.9% from FY 2025). Net income: ₹50.2m (down 17% from FY 2025). Profit margin: 2.1% (down from 2.8% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. 공시 • May 27
Maiden Forgings Limited to Report Second Half, 2026 Results on May 30, 2026 Maiden Forgings Limited announced that they will report second half, 2026 results on May 30, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹85.75, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 39% over the past three years. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Urvi Agarwal was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공시 • Nov 08
Maiden Forgings Limited to Report First Half, 2026 Results on Nov 14, 2025 Maiden Forgings Limited announced that they will report first half, 2026 results on Nov 14, 2025 공시 • Oct 25
Maiden Forgings Limited announced that it expects to receive INR 260 million in funding from Qadosh Ventures Private Limited and another investor Maiden Forgings Limited announced a private placement to issue 2,500,000 shares at an issue price of INR 100 per share for gross proceeds of INR 250,000,000 and 400,000 warrants at an issue price of INR 25 per warrant for gross proceeds of INR 260,000,000 on October 24, 2025. The transaction will include participation from Qadosh Ventures Private Limited for 2,500,000 shares and Nishant Garg for 400,000 warrants. The transaction has been approved by shareholders, subject to EGM of the Company which is scheduled to be held on November 18, 2025. Reported Earnings • Sep 08
Full year 2025 earnings released: EPS: ₹4.26 (vs ₹6.84 in FY 2024) Full year 2025 results: EPS: ₹4.26 (down from ₹6.84 in FY 2024). Revenue: ₹2.13b (down 9.8% from FY 2024). Net income: ₹60.5m (down 38% from FY 2024). Profit margin: 2.8% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. 공시 • Sep 05
Maiden Forgings Limited, Annual General Meeting, Sep 30, 2025 Maiden Forgings Limited, Annual General Meeting, Sep 30, 2025, at 11:30 Indian Standard Time. Recent Insider Transactions • Jul 17
Chairman & Whole Time Director recently sold ₹8.0m worth of stock On the 15th of July, Nivedita Garg sold around 100k shares on-market at roughly ₹80.00 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nivedita has been a net seller over the last 12 months, reducing personal holdings by ₹16m. Recent Insider Transactions • Jul 03
Chairman & Whole Time Director recently sold ₹8.0m worth of stock On the 1st of July, Nivedita Garg sold around 100k shares on-market at roughly ₹80.00 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Nivedita's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹82.44, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total loss to shareholders of 9.6% over the past year. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹4.26 (vs ₹6.84 in FY 2024) Full year 2025 results: EPS: ₹4.26 (down from ₹6.84 in FY 2024). Revenue: ₹2.14b (down 9.6% from FY 2024). Net income: ₹60.5m (down 38% from FY 2024). Profit margin: 2.8% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. 공시 • May 25
Maiden Forgings Limited to Report Second Half, 2025 Results on May 29, 2025 Maiden Forgings Limited announced that they will report second half, 2025 results on May 29, 2025 Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹68.52, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 25% over the past year. New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Market cap is less than US$10m (₹745.3m market cap, or US$8.59m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹62.71, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 40% over the past year. New Risk • Feb 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹864.9m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Market cap is less than US$10m (₹864.9m market cap, or US$9.93m). 공시 • Nov 08
Maiden Forgings Limited to Report First Half, 2025 Results on Nov 14, 2024 Maiden Forgings Limited announced that they will report first half, 2025 results on Nov 14, 2024 공시 • Sep 09
Maiden Forgings Limited, Annual General Meeting, Sep 30, 2024 Maiden Forgings Limited, Annual General Meeting, Sep 30, 2024, at 11:30 Indian Standard Time. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.22b market cap, or US$14.6m). New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (₹1.45b market cap, or US$17.4m). 공시 • May 25
Maiden Forgings Limited to Report Fiscal Year 2024 Results on May 30, 2024 Maiden Forgings Limited announced that they will report fiscal year 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹99.07, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 23x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹84.50, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₹131, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 21x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹113, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 20x in the Metals and Mining industry in India. 공시 • Nov 04
Maiden Forgings Limited to Report First Half, 2024 Results on Nov 10, 2023 Maiden Forgings Limited announced that they will report first half, 2024 results on Nov 10, 2023 공시 • Aug 29
Maiden Forgings Limited, Annual General Meeting, Sep 21, 2023 Maiden Forgings Limited, Annual General Meeting, Sep 21, 2023, at 11:15 Indian Standard Time. Agenda: To receive, consider and adopt the audited financial statements of the Company for the financial year ended on 31st March, 2023 together with Board of Directors and Auditor's Report thereon; to appoint a Director in place of Mr. Nishant Garg (DIN: 03088601), who retires by rotation at this Annual General Meeting and being eligible to offer himself for re-appointment; and to consider other business matters. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹101, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 17x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹72.70, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 15x in the Metals and Mining industry in India. 공시 • May 27
Maiden Forgings Limited to Report Second Half, 2023 Results on May 30, 2023 Maiden Forgings Limited announced that they will report second half, 2023 results on May 30, 2023 Board Change • Apr 07
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. MD & Executive Director Nishant Garg is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.