| Revenue growth | FY26 revenue ₹233.96cr; H2 revenue grew 17.46% YoY. |
|---|---|
| Margins | EBITDA margins expected to rise 1-2% due to high-margin product mix. |
| Order book | Export order book at historical high; LOIs secured for new product lines. |
| Demand visibility | Strong recurring orders from automotive, engineering, and infrastructure sectors. |
| Management confidence | High; citing 'warrior' mindset and strong foundation for long-term growth. |
Growth
FY26 revenue hit ₹233.96cr; H2 FY26 revenue rose 17.46% YoY to ₹122.60cr with PAT surging 46.37% to ₹2.93cr.
Outlook
New facility operational by Sept 2026; adding 10,000 tons capacity; targeting 20-25% sales from B2G/defense in mid-term.
Risks
Global tariff issues, steel price volatility, and geopolitical instability in Dubai delaying overseas warehousing plans.
Last quarter's promises, checked
Delivered
- Guided H1 volume ~17k tons → delivered 16,873 tons (= BEAT)
- Guided internal funding for capex → delivered capex via internal accruals (= BEAT)
- Guided B2G/Defense revenue 1-2% → delivered 1-2% (= BEAT)
Partly delivered
- Guided facility operational by March 2026 → delivered Sept 2026 timeline (= PARTIAL)
- Guided debt reduction to substantial amount → delivered internal funding but debt status unclear (= PARTIAL)
Earnings Call filed with BSE, BSE: 543874. Summary written with AI assistance from the document.
Maiden Forgings Ltd: key numbers
- Share price
- ₹97.00
- Market cap
- ₹137.9 Cr
- Revenue (annual)
- ₹231.6 Cr
- Net profit (annual)
- ₹5.02 Cr
- P/E (TTM)
- 27.4×Sector 18.2×
- Promoter holding
- 71.97%
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Maiden Forgings Ltd
All →Maiden Forgings Annual Report
Maiden Forgings Limited has submitted its Annual Report for the financial year 2025-2026. This filing includes the notice for the upcoming 21st Annual General Meeting.
Maiden Forgings Annual General Meeting
Maiden Forgings Limited has issued the notice for its 21st Annual General Meeting scheduled for September 28, 2026.
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- Execution
- Financial year 2026–2027
Maiden Forgings Other Announcement
Maiden Forgings Limited appointed M/s Mohit Singhal & Associates as its Secretarial Auditor for the financial year 2026-2027.
Maiden Forgings Board Meeting Outcome
Maiden Forgings Ltd announced the outcome of its board meeting held on September 01, 2026, where it approved several auditor appointments and director re-appointment.
Maiden Forgings Merger & Restructuring Worth ₹12.9 Cr
Maiden Forgings Ltd sold a vacant land parcel in Ghaziabad for ₹12.90 Crore. Proceeds will fund the expansion of its new facility at Murad Nagar.
- Value
- ₹12.90 Cr