Maiden Forgings Ltd.
Fundamentals
- Market cap
- ₹111 cr
- P/E
- 22.07×
- ROE
- 7.91%
- Debt / equity
- 0.91
- 52-week range
- 63.52 — 96.85
Company snapshot
Maiden Forgings Ltd.
Steel
₹111 cr
P/E 22.07×
Latest quarter · Mar 2026
Sales₹122 cr
Net profit₹3 cr
Op. margin+8.2%
EPS₹2.06
Strength & growth
Debt / equity0.91×
Current ratio1.82×
The timeline — 2 notes on Maiden Forgings Ltd.
June 2026
- 29 Jun 26 · 11:11 AM IST Brief Brief · Concalls · Micro cap
Maiden Forgings targets 60-70% revenue from defense within 3 years
FY26 revenue of ₹234 cr grew 12-13%; FY27 guided 20-25% higher. But the real bet is defense: ₹400-500 cr in medium term, from a company that currently does ₹3 cr net profit.
- 18 Jun 26 · 3:14 PM IST Brief Brief · Concalls · Micro cap
Maiden Forgings MD cuts peak revenue target, admits past mindset issues
Nishant Garg downgrades expanded capacity potential to ₹550-600 cr from ₹700-800 cr, flags internal problems before Oct '23, and lays out a ₹1,000 cr revenue roadmap by FY30.