MAHASTEEL

Mahamaya Steel Industries Limited

Mahamaya Steel Industries Limited (MAHASTEEL) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

mahamayagroup.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1231.30
Market cap
2,016 Cr
Stock P/E
201.8
P/B
12.73
ROE (FY26)
6.0%
ROCE (FY26)
8.3%
Operating margin (FY26)
1.7%
Debt / equity (FY26)
0.37

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Mahamaya Steel (Mahamaya Steel Industries) makes steel products such as joists, channels, flats, rounds, crossing sleeper bars, blooms and billets.

Company snapshot

30thBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Concerns
  • ✗Net margin is very thin at 1.1% — little room for error if costs rise.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales186 Cr180 Cr198 Cr211 Cr155 Cr200 Cr236 Cr207 Cr189 Cr224 Cr263 Cr268 Cr
Operating expenses (approx.)182 Cr176 Cr194 Cr207 Cr152 Cr196 Cr228 Cr202 Cr183 Cr218 Cr255 Cr262 Cr
EBITDA4 Cr4 Cr3 Cr4 Cr3 Cr4 Cr8 Cr5 Cr5 Cr6 Cr8 Cr6 Cr
OPM %2.2%2.5%1.7%1.9%1.9%2.0%3.3%2.4%2.7%2.6%3.0%2.2%
Other income0.11 Cr0.03 Cr1 Cr0.03 Cr0.13 Cr0.03 Cr1 Cr0.07 Cr0.16 Cr0.10 Cr1 Cr0.12 Cr
Interest0.95 Cr2 Cr1 Cr1 Cr1.00 Cr0.72 Cr1 Cr1 Cr1 Cr2 Cr1 Cr0.69 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax2 Cr3 Cr2 Cr1 Cr0.44 Cr2 Cr7 Cr2 Cr2 Cr3 Cr6 Cr3 Cr
Tax %21.8%22.5%24.6%26.6%48.4%30.1%21.2%25.5%21.5%25.1%28.2%26.1%
Net profit2 Cr2 Cr1 Cr0.87 Cr0.23 Cr1 Cr5 Cr2 Cr2 Cr2 Cr4 Cr2 Cr
EPS (₹)₹0.94₹1.27₹0.87₹0.53₹0.14₹0.66₹3.29₹1.06₹1.15₹1.16₹2.48₹1.30

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales286 Cr303 Cr465 Cr358 Cr251 Cr495 Cr650 Cr784 Cr802 Cr883 CrSign in free for the trailing twelve months
Operating expenses (approx.)269 Cr282 Cr443 Cr342 Cr238 Cr480 Cr636 Cr768 Cr783 Cr859 CrSign in free for the trailing twelve months
EBITDA16 Cr21 Cr23 Cr16 Cr13 Cr15 Cr14 Cr16 Cr19 Cr24 CrSign in free for the trailing twelve months
OPM %5.7%6.9%4.9%4.4%5.0%3.1%2.1%2.1%2.3%2.7%Sign in free for the trailing twelve months
Other income2 Cr2 Cr2 Cr0.62 Cr0.45 Cr0.44 Cr0.97 Cr1 Cr1 Cr2 CrSign in free for the trailing twelve months
Interest11 Cr12 Cr11 Cr9 Cr6 Cr5 Cr3 Cr5 Cr4 Cr5 CrSign in free for the trailing twelve months
Depreciation6 Cr7 Cr6 Cr6 Cr6 Cr6 Cr6 Cr7 Cr8 Cr9 CrSign in free for the trailing twelve months
Profit before tax0.76 Cr4 Cr7 Cr0.40 Cr2 Cr7 Cr7 Cr9 Cr10 Cr13 CrSign in free for the trailing twelve months
Tax %-63.3%43.9%15.9%-506.2%44.9%26.6%25.3%22.4%24.4%25.9%Sign in free for the trailing twelve months
Net profit1 Cr2 Cr6 Cr2 Cr0.88 Cr5 Cr5 Cr7 Cr8 Cr10 CrSign in free for the trailing twelve months
EPS (₹)₹0.91₹1.74₹4.32₹1.78₹0.63₹3.31₹3.31₹4.09₹4.62₹5.84Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr15 Cr16 Cr16 Cr16 Cr16 Cr16 Cr
Reserves74 Cr79 Cr82 Cr85 Cr97 Cr112 Cr118 Cr125 Cr133 Cr142 Cr
Borrowings92 Cr100 Cr100 Cr78 Cr81 Cr45 Cr43 Cr41 Cr46 Cr58 Cr
Other liabilities31 Cr41 Cr42 Cr35 Cr32 Cr31 Cr47 Cr51 Cr49 Cr53 Cr
Total liabilities211 Cr233 Cr238 Cr211 Cr224 Cr205 Cr225 Cr233 Cr244 Cr270 Cr
Fixed assets (net)74 Cr69 Cr66 Cr63 Cr61 Cr60 Cr65 Cr69 Cr70 Cr73 Cr
CWIP——————0 Cr0 Cr——
Investments32 Cr33 Cr32 Cr31 Cr31 Cr31 Cr30 Cr26 Cr27 Cr28 Cr
Inventories40 Cr61 Cr84 Cr63 Cr72 Cr47 Cr80 Cr87 Cr81 Cr110 Cr
Trade receivables27 Cr24 Cr17 Cr17 Cr20 Cr21 Cr18 Cr15 Cr25 Cr18 Cr
Cash & bank0.25 Cr1 Cr0.18 Cr0.71 Cr2 Cr15 Cr0.30 Cr1 Cr0.76 Cr0.12 Cr
Other assets38 Cr45 Cr39 Cr36 Cr38 Cr32 Cr31 Cr35 Cr40 Cr41 Cr
Total assets211 Cr233 Cr238 Cr211 Cr224 Cr205 Cr225 Cr233 Cr244 Cr270 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity13 Cr3 Cr18 Cr35 Cr-4 Cr42 Cr2 Cr14 Cr9 Cr8 Cr
Cash from investing2 Cr2 Cr-7 Cr-3 Cr0.53 Cr-5 Cr-11 Cr-6 Cr-11 Cr-15 Cr
Cash from financing-16 Cr-4 Cr-11 Cr-31 Cr5 Cr-24 Cr-5 Cr-8 Cr1 Cr7 Cr
Net cash flow-0.46 Cr0.77 Cr-0.83 Cr0.53 Cr2 Cr13 Cr-15 Cr1 Cr-0.67 Cr-0.64 Cr
Free cash flow (OCF − Capex)5 Cr0.82 Cr15 Cr31 Cr-7 Cr37 Cr-9 Cr5 Cr-0.34 Cr-3 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.6%8.2%9.3%5.4%4.2%6.7%5.9%7.6%7.1%8.3%
ROE %1.4%2.6%6.1%2.5%0.8%3.8%4.1%4.8%5.1%6.0%
Debtor days342814172916107117
Inventory days8010182911324354484656
Days payable33719252851281412
Cash conversion cycle1119377831325452474352
OCF / EBITDA %81.8%12.4%78.8%219.2%-33.4%269.7%n.m.n.m.n.m.n.m.
OCF / EBITDA % (3 years)——56.4%92.7%94.4%164.2%93.6%n.m.n.m.n.m.
Debt / equity1.041.081.040.790.730.350.320.290.310.37
Current ratio1.171.261.281.311.592.211.781.711.491.41
Net debt / EBITDA5.59—4.39———3.112.422.422.45