M

Mahamaya Steel Industries Limited

MAHASTEEL
Market snapshot · 2026-08-11 11:03 UTC

1,039.40

+₹18.00 (+1.76%)

MARKET CAP

₹1.71K Cr

STOCK P/E

181.7x

52W HIGH

₹1,103.70

52W LOW

₹312.20

BOOK VALUE

₹96.73

EPS

₹5.72

ROE

SECTOR

Materials

DEBT/EQUITY

40.37

VOLUME

9,640

P/B RATIO

10.75x

PEG RATIO

Sector

Materials

Themes

Iron & Steel
₹1,046.30₹867.60₹688.90₹510.20₹331.50VolumeAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Mahamaya Steel Industries is an Indian steel manufacturer serving construction, automobile, railway, and power industries. Its revenue centers on structural products, including I-beams, angles, channels, girders, and railway sleepers. It also sells billets, blooms, rounds, sponge iron, pig iron, and related steel inputs and scrap. Revenue grew 10.1% year-on-year, while profit increased 26.3%, indicating operating improvement despite no major recent development. Improving margins support better earnings conversion, but ROE is unavailable for assessing capital efficiency. Debt-to-equity of 40.37 implies extreme leverage, which can materially inflate reported ROE and heighten financial risk. At 175.8 times earnings, the shares appear overvalued relative to current growth and steel-sector cyclicality. Investor returns depend on sustained margin gains, while leverage and commodity-price exposure remain significant open risks.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for MAHASTEEL.

Coverage check

Price Forecast

Current
₹1,039
High Target
Median Target
Low Target
Now₹1,039Aug '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,002 - ₹1,79980%
6M₹1,146 - ₹2,62280%
12M₹1,610 - ₹5,19080%
Realized vol: +45.7% · Drift: +112.7%

Revenue Forecast

₹ Cr
Mar '26Current₹263.0
Sep 2026 ETrend estimate range
High₹235.0Base₹217.6Low₹200.2
Jun '25: ₹207.0 · Sep '25: ₹189.0 · Dec '25: ₹224.0 · Mar '26: ₹263.0 · Sep '26: ₹217.6 · Dec '26: ₹257.9
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E207.0189.0224.0263.0217.6257.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹2.48
Sep 2026 ETrend estimate range
High₹1.43Base₹1.28Low₹1.12
Jun '25: ₹1.01 · Sep '25: ₹0.85 · Dec '25: ₹0.98 · Mar '26: ₹2.48 · Sep '26: ₹1.28 · Dec '26: ₹1.47
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1.010.850.982.481.281.47
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Cautious
22%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Moderate

Fundamentals institutional score is 53 using growth durability 52.9.

Valuation

Premium valuation

Valuation institutional score is 3 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Weak Structure

Technicals institutional score is 2 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

This data source has not been supplied for the decision payload.

Signal Summary

Market intelligence remains Cautious. Available evidence provides partial support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationTechnical Structure Weak Structure

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score2%
Fundamental Score53%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 365.9% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.25). Confidence: 50%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Strongly Overvalued

5Y Average

45.50

Current

178.55

Overvalued

113.25

Undervalued

18.46

EV/EBITDA
Strongly Overvalued

5Y Average

18.18

Current

69.65

Overvalued

21.81

Undervalued

4.87

P/B
Strongly Overvalued

5Y Average

7.18

Current

10.56

Overvalued

9.80

Undervalued

3.94

Peers & Comparison

Sector: Materials · Theme: Iron & Steel

Iron & Steel Peers3 peers
Avg P/E: 54.2x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
AEROFLEX INDUSTRIES LTD
AEROFLEXIron & Steel
+72.4%13.4%
82.7x
Premium
+53% vs avg
+131.7%
JAI BALAJI INDUSTRIES LTD
JAIBALAJIIron & Steel
+9.8%2.2%
44.6x
Undervalued
-18% vs avg
-34.2%
BANSAL WIRE INDUSTRIES L
BANSALWIREIron & Steel
+24.4%3.2%
35.2x
Undervalued
-35% vs avg
-9.4%
WHY THESE PEERS

MAHAMAYA STEEL INDS LTD trades at a premium (174.9x vs peer avg 54.2x), implying higher growth or quality expectations from the Iron & Steel cohort. Peers include AEROFLEX INDUSTRIES LTD, JAI BALAJI INDUSTRIES LTD, BANSAL WIRE INDUSTRIES L — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹263 CrMar 2026

Latest net profit

₹4.07 CrMar 2026

Latest EPS

₹2.48Mar 2026

Net margin

3.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%0.8%1.7%2.5%3.4%0.00 Cr70 Cr140 Cr210 Cr280 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr70 Cr140 Cr210 Cr280 Cr₹0₹1₹1₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr70 Cr140 Cr210 Cr280 Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-90 Cr0.00 Cr90 Cr180 Cr270 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +188.38220.20185.77180.24197.62211.03154.74199.83236.17207.05188.57224.11263.12
Expenses +185.16215.77181.63175.82194.29207.01151.81195.77228.46202.17183.50218.25255.28
Operating Profit3.224.434.144.423.334.022.934.067.714.885.075.867.84
OPM %1.71%2.01%2.23%2.45%1.69%1.90%1.89%2.03%3.26%2.36%2.69%2.61%2.98%
Other Income +0.660.220.101.131.110.030.410.201.050.710.210.101.24
Interest1.341.420.951.511.271.081.000.721.091.191.151.511.16
Depreciation1.471.731.761.771.741.881.922.042.022.152.212.202.26
Profit before tax1.071.501.532.271.431.090.421.505.652.251.922.255.66
Tax %42.99%28.67%28.76%26.43%32.87%29.36%52.38%31.33%25.66%26.67%27.08%28.44%28.27%
Net Profit +0.621.071.091.670.960.770.211.034.191.661.401.614.07
EPS in Rs0.380.650.661.020.580.470.130.632.551.010.850.982.48
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +72.81%72.81%72.81%72.81%72.81%
FIIs +0.55%0.56%1.17%0.06%
Public +26.65%26.64%26.03%27.14%27.19%
Jun 2026
Promoters +
Public +

Events Timeline

Board Meeting Intimation for Intimation Of Board Meeting

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Monthly Business Updates

Aug 04, 2026PDFCompany Reports Open

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Jul 15, 2026PDFCompany Reports Open

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Jul 10, 2026PDFCompany Reports Open

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Jul 10, 2026PDFCompany Reports Open