Mahamaya Steel Industries Balance Sheet Health
Financial Health criteria checks 3/6
Mahamaya Steel Industries has a total shareholder equity of ₹1.4B and total debt of ₹603.8M, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are ₹2.5B and ₹1.1B respectively. Mahamaya Steel Industries's EBIT is ₹94.8M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹7.0M.
Key information
43.9%
Debt to equity ratio
₹603.77m
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹7.03m |
| Equity | ₹1.38b |
| Total liabilities | ₹1.08b |
| Total assets | ₹2.45b |
Recent financial health updates
Here's Why Mahamaya Steel Industries (NSE:MAHASTEEL) Has A Meaningful Debt Burden
Jan 04
Is Mahamaya Steel Industries (NSE:MAHASTEEL) A Risky Investment?
Mar 30Mahamaya Steel Industries (NSE:MAHASTEEL) Has A Somewhat Strained Balance Sheet
Dec 26Here's Why Mahamaya Steel Industries (NSE:MAHASTEEL) Can Manage Its Debt Responsibly
Jan 25Is Mahamaya Steel Industries (NSE:MAHASTEEL) Using Too Much Debt?
Dec 13
Recent updates
Mahamaya Steel Industries (NSE:MAHASTEEL) May Have Issues Allocating Its Capital
May 11Mahamaya Steel Industries Limited's (NSE:MAHASTEEL) Share Price Not Quite Adding Up
Apr 09Here's Why Mahamaya Steel Industries (NSE:MAHASTEEL) Has A Meaningful Debt Burden
Jan 04Mahamaya Steel Industries Limited (NSE:MAHASTEEL) Stock Rockets 36% As Investors Are Less Pessimistic Than Expected
Jan 04Here's What's Concerning About Mahamaya Steel Industries' (NSE:MAHASTEEL) Returns On Capital
Oct 30We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mahamaya Steel Industries Limited's (NSE:MAHASTEEL) CEO For Now
Sep 23Mahamaya Steel Industries (NSE:MAHASTEEL) Is Finding It Tricky To Allocate Its Capital
Jun 08Estimating The Intrinsic Value Of Mahamaya Steel Industries Limited (NSE:MAHASTEEL)
May 04Is Mahamaya Steel Industries (NSE:MAHASTEEL) A Risky Investment?
Mar 30Some Investors May Be Worried About Mahamaya Steel Industries' (NSE:MAHASTEEL) Returns On Capital
Feb 02Mahamaya Steel Industries (NSE:MAHASTEEL) Has A Somewhat Strained Balance Sheet
Dec 26Shareholders May Be More Conservative With Mahamaya Steel Industries Limited's (NSE:MAHASTEEL) CEO Compensation For Now
Sep 24The Returns On Capital At Mahamaya Steel Industries (NSE:MAHASTEEL) Don't Inspire Confidence
Jun 25Here's Why Mahamaya Steel Industries (NSE:MAHASTEEL) Can Manage Its Debt Responsibly
Jan 25Are Insiders Buying Mahamaya Steel Industries Limited (NSE:MAHASTEEL) Stock?
Feb 15Is Mahamaya Steel Industries (NSE:MAHASTEEL) Using Too Much Debt?
Dec 13Are Insiders Buying Mahamaya Steel Industries Limited (NSE:MAHASTEEL) Stock?
Nov 08Is This A Sign of Things To Come At Mahamaya Steel Industries (NSE:MAHASTEEL)?
Sep 15Mahamaya Steel Industries Limited (NSE:MAHASTEEL) Not Lagging Market On Growth Or Pricing
Aug 11Financial Position Analysis
Short Term Liabilities: MAHASTEEL's short term assets (₹1.2B) exceed its short term liabilities (₹769.2M).
Long Term Liabilities: MAHASTEEL's short term assets (₹1.2B) exceed its long term liabilities (₹309.0M).
Debt to Equity History and Analysis
Debt Level: MAHASTEEL's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: MAHASTEEL's debt to equity ratio has reduced from 107% to 43.9% over the past 5 years.
Debt Coverage: MAHASTEEL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MAHASTEEL's interest payments on its debt are not well covered by EBIT (2.4x coverage).