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MAHA

Mahamaya Steel Industries NSEI:MAHASTEEL Stock Report

Last Price

₹61.10

Market Cap

₹1.0b

7D

-13.5%

1Y

-36.5%

Updated

26 Jun, 2022

Data

Company Financials
MAHASTEEL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends0/6

MAHASTEEL Stock Overview

Mahamaya Steel Industries Limited manufactures and sells structural steel products in India.

Mahamaya Steel Industries Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Mahamaya Steel Industries
Historical stock prices
Current Share Price₹61.10
52 Week High₹119.35
52 Week Low₹59.65
Beta0.29
1 Month Change-7.56%
3 Month Change-14.96%
1 Year Change-36.52%
3 Year Change-64.37%
5 Year Change-22.90%
Change since IPO-54.34%

Recent News & Updates

Jun 25
The Returns On Capital At Mahamaya Steel Industries (NSE:MAHASTEEL) Don't Inspire Confidence

The Returns On Capital At Mahamaya Steel Industries (NSE:MAHASTEEL) Don't Inspire Confidence

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

MAHASTEELIN Metals and MiningIN Market
7D-13.5%-4.1%2.3%
1Y-36.5%-19.7%-0.9%

Return vs Industry: MAHASTEEL underperformed the Indian Metals and Mining industry which returned -19.7% over the past year.

Return vs Market: MAHASTEEL underperformed the Indian Market which returned -0.9% over the past year.

Price Volatility

Is MAHASTEEL's price volatile compared to industry and market?
MAHASTEEL volatility
MAHASTEEL Average Weekly Movement9.3%
Metals and Mining Industry Average Movement7.7%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: MAHASTEEL is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MAHASTEEL's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1988212Rajesh Agrawalhttps://www.mahamayagroup.in

Mahamaya Steel Industries Limited manufactures and sells structural steel products in India. The company provides angles, H-beams, joists, channels, billets, blooms, rounds, flats, railway sleepers, strips, girders, etc. It serves construction, automobile, railway, and power industries. The company was formerly known as Rajesh Strips Limited and changed its name to Mahamaya Steel Industries Limited in 2009.

Mahamaya Steel Industries Fundamentals Summary

How do Mahamaya Steel Industries's earnings and revenue compare to its market cap?
MAHASTEEL fundamental statistics
Market Cap₹1.01b
Earnings (TTM)₹48.96m
Revenue (TTM)₹4.95b

20.6x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAHASTEEL income statement (TTM)
Revenue₹4.95b
Cost of Revenue₹4.05b
Gross Profit₹905.37m
Other Expenses₹856.41m
Earnings₹48.96m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.98
Gross Margin18.28%
Net Profit Margin0.99%
Debt/Equity Ratio35.2%

How did MAHASTEEL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MAHASTEEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAHASTEEL?

Other financial metrics that can be useful for relative valuation.

MAHASTEEL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA8.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MAHASTEEL's PE Ratio compare to its peers?

MAHASTEEL PE Ratio vs Peers
The above table shows the PE ratio for MAHASTEEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.7x

Price-To-Earnings vs Peers: MAHASTEEL is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the peer average (9.7x).


Price to Earnings Ratio vs Industry

How does MAHASTEEL's PE Ratio compare vs other companies in the Indian Metals and Mining Industry?

Price-To-Earnings vs Industry: MAHASTEEL is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the Indian Metals and Mining industry average (12.1x)


Price to Earnings Ratio vs Fair Ratio

What is MAHASTEEL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAHASTEEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MAHASTEEL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MAHASTEEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MAHASTEEL (₹61.1) is trading below our estimate of fair value (₹324.98)

Significantly Below Fair Value: MAHASTEEL is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MAHASTEEL's PEG Ratio to determine if it is good value.


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Future Growth

How is Mahamaya Steel Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-13.1%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mahamaya Steel Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Mahamaya Steel Industries performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MAHASTEEL has high quality earnings.

Growing Profit Margin: MAHASTEEL's current net profit margins (1%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: MAHASTEEL has become profitable over the past 5 years, growing earnings by 6.2% per year.

Accelerating Growth: MAHASTEEL's earnings growth over the past year (457.6%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: MAHASTEEL earnings growth over the past year (457.6%) exceeded the Metals and Mining industry 76.9%.


Return on Equity

High ROE: MAHASTEEL's Return on Equity (3.8%) is considered low.


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Financial Health

How is Mahamaya Steel Industries's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MAHASTEEL's short term assets (₹937.0M) exceed its short term liabilities (₹424.6M).

Long Term Liabilities: MAHASTEEL's short term assets (₹937.0M) exceed its long term liabilities (₹340.4M).


Debt to Equity History and Analysis

Debt Level: MAHASTEEL's net debt to equity ratio (21.9%) is considered satisfactory.

Reducing Debt: MAHASTEEL's debt to equity ratio has reduced from 106.9% to 35.2% over the past 5 years.

Debt Coverage: MAHASTEEL's debt is well covered by operating cash flow (92%).

Interest Coverage: MAHASTEEL's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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Dividend

What is Mahamaya Steel Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MAHASTEEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MAHASTEEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MAHASTEEL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAHASTEEL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: MAHASTEEL is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MAHASTEEL has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

11.4yrs

Average management tenure


CEO

Rajesh Agrawal (49 yo)

11.75yrs

Tenure

₹5,400,000

Compensation

Mr. Rajesh Agrawal has been the Managing Director of Mahamaya Steel Industries Limited since September 28, 2010 and has also been its Executive Director since May 15, 2004. Mr. Agrawal has experience in th...


CEO Compensation Analysis

Compensation vs Market: Rajesh's total compensation ($USD68.99K) is above average for companies of similar size in the Indian market ($USD38.38K).

Compensation vs Earnings: Rajesh's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MAHASTEEL's management team is seasoned and experienced (11.4 years average tenure).


Board Members

Experienced Board: MAHASTEEL's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.3%.


Top Shareholders

Company Information

Mahamaya Steel Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mahamaya Steel Industries Limited
  • Ticker: MAHASTEEL
  • Exchange: NSEI
  • Founded: 1988
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₹1.008b
  • Shares outstanding: 16.43m
  • Website: https://www.mahamayagroup.in

Number of Employees


Location

  • Mahamaya Steel Industries Limited
  • Urla Industrial Area
  • B/8-9, Sector- C
  • Raipur
  • Chhattisgarh
  • 493221
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.