About
Mahamaya Steel Industries Limited engages in the manufacture and sale of steel structures products in India. The company provides I-beams, angles, H-beams, joists, channels, billets, blooms, rounds, squares, flats, railway sleepers, strips, girders, sponge iron, pig iron, end cutting, angle, scrap, coal, and other related products for construction, automobile, railway, and power industries. The company was formerly known as Rajesh Strips Limited and changed its name to Mahamaya Steel Industries Limited in 2009. Mahamaya Steel Industries Limited was incorporated in 1988 and is based in Raipur, India.
Key Metrics
as of Sep 2026Market Cap2,102 Cr
P/E211.00
Div Yield0.00 %
Book Value₹96.60
52w High₹1,425.00
52w Low₹380.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 267.63 | 263.12 | 224.11 | 188.57 | 207.05 | 236.17 | 199.83 | 154.74 | 211.03 | 197.62 | 180.24 | 185.77 | 220.20 |
| Expenses | 261.87 | 255.28 | 218.26 | 183.50 | 202.16 | 228.46 | 195.77 | 151.81 | 207.00 | 194.30 | 175.81 | 181.63 | 215.77 |
| Operating Profit | 5.76 | 7.84 | 5.85 | 5.07 | 4.89 | 7.71 | 4.06 | 2.93 | 4.03 | 3.32 | 4.43 | 4.14 | 4.43 |
| OPM % | 2.15 | 2.98 | 2.61 | 2.69 | 2.36 | 3.26 | 2.03 | 1.89 | 1.91 | 1.68 | 2.46 | 2.23 | 2.01 |
| Other Income | 0.12 | 1.25 | 0.40 | 0.69 | 0.78 | 2.26 | 0.26 | 0.43 | 0.13 | 1.58 | 1.54 | 0.56 | 0.81 |
| Depreciation | 2.31 | 2.26 | 2.20 | 2.21 | 2.15 | 2.02 | 2.04 | 1.92 | 1.88 | 1.74 | 1.77 | 1.76 | 1.73 |
| Interest | 0.69 | 1.16 | 1.51 | 1.15 | 1.19 | 1.09 | 0.72 | 1.00 | 1.08 | 1.27 | 1.51 | 0.95 | 1.42 |
| Profit before tax | 2.88 | 5.67 | 2.54 | 2.40 | 2.33 | 6.86 | 1.56 | 0.44 | 1.20 | 1.89 | 2.69 | 1.99 | 2.09 |
| Tax % | 26.04 | 28.22 | 25.20 | 21.67 | 25.75 | 21.14 | 30.13 | 50.00 | 26.67 | 24.87 | 22.30 | 22.11 | 20.57 |
| Net Profit | 2.13 | 4.07 | 1.91 | 1.88 | 1.74 | 5.41 | 1.09 | 0.23 | 0.87 | 1.43 | 2.08 | 1.55 | 1.66 |
| EPS in Rs | 1.30 | 2.48 | 1.16 | 1.14 | 1.06 | 3.29 | 0.66 | 0.14 | 0.53 | 0.87 | 1.27 | 0.94 | 1.01 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 883.00 | 802.00 | 784.00 | 650.00 | 495.00 | 251.00 | 358.00 | 465.00 | 297.00 | 254.00 | 317.00 |
| Expenses | 859.00 | 783.00 | 768.00 | 636.00 | 480.00 | 238.00 | 343.00 | 443.00 | 276.00 | 238.00 | 316.00 |
| Operating Profit | 24.00 | 19.00 | 16.00 | 14.00 | 15.00 | 13.00 | 15.00 | 22.00 | 21.00 | 16.00 | 1.00 |
| OPM % | 2.70 | 2.30 | 2.10 | 2.10 | 3.10 | 5.00 | 4.20 | 4.80 | 7.00 | 6.00 | 0.50 |
| Other Income | 3.00 | 3.00 | 4.00 | 3.00 | 2.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 3.00 |
| Interest | 5.00 | 4.00 | 5.00 | 3.00 | 5.00 | 6.00 | 9.00 | 11.00 | 12.00 | 11.00 | 9.00 |
| Depreciation | 9.00 | 8.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 7.00 | 6.00 | 7.00 |
| Profit before tax | 13.00 | 10.00 | 9.00 | 7.00 | 7.00 | 2.00 | 0.00 | 7.00 | 4.00 | 1.00 | -12.00 |
| Tax % | 26.00 | 24.00 | 22.00 | 25.00 | 27.00 | 45.00 | -505.00 | 16.00 | 44.00 | -63.00 | 27.00 |
| Net Profit | 10.00 | 8.00 | 7.00 | 5.00 | 5.00 | 1.00 | 2.00 | 6.00 | 2.00 | 1.00 | -15.00 |
| EPS in Rs | 5.84 | 4.62 | 4.09 | 3.31 | 2.98 | 0.60 | 1.78 | 4.32 | 1.74 | 0.91 | -11.24 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 15.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 |
| Reserves | 142.00 | 133.00 | 125.00 | 118.00 | 112.00 | 97.00 | 85.00 | 82.00 | 76.00 | 74.00 | 68.00 |
| Borrowings | 58.00 | 46.00 | 41.00 | 43.00 | 45.00 | 81.00 | 79.00 | 101.00 | 101.00 | 94.00 | 103.00 |
| Other Liabilities | 53.00 | 49.00 | 51.00 | 47.00 | 31.00 | 32.00 | 34.00 | 41.00 | 40.00 | 29.00 | 30.00 |
| Total Liabilities | 270.00 | 244.00 | 233.00 | 225.00 | 205.00 | 224.00 | 211.00 | 238.00 | 231.00 | 211.00 | 214.00 |
| Fixed Assets | 73.00 | 70.00 | 69.00 | 65.00 | 60.00 | 61.00 | 63.00 | 66.00 | 69.00 | 74.00 | 69.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 |
| Investments | 28.00 | 27.00 | 26.00 | 30.00 | 31.00 | 31.00 | 31.00 | 32.00 | 32.00 | 32.00 | 33.00 |
| Other Assets | 169.00 | 146.00 | 139.00 | 130.00 | 115.00 | 133.00 | 117.00 | 140.00 | 131.00 | 105.00 | 110.00 |
| Total Assets | 270.00 | 244.00 | 233.00 | 225.00 | 205.00 | 224.00 | 211.00 | 238.00 | 231.00 | 211.00 | 214.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8.00 | 9.00 | 14.00 | 2.00 | 44.00 | -4.00 | 35.00 | 18.00 | 3.00 | 13.00 | 25.00 |
| Cash from Investing Activity | -15.00 | -11.00 | -6.00 | -11.00 | -5.00 | 1.00 | -3.00 | -7.00 | 1.00 | 2.00 | -16.00 |
| Cash from Financing Activity | 7.00 | 1.00 | -8.00 | -5.00 | -26.00 | 5.00 | -31.00 | -11.00 | -4.00 | -16.00 | -10.00 |
| Net Cash Flow | -1.00 | -1.00 | 1.00 | -15.00 | 13.00 | 2.00 | 1.00 | -1.00 | 1.00 | 0.00 | -1.00 |
| Free Cash Flow | -3.00 | 0.00 | 5.00 | -9.00 | 39.00 | -7.00 | 31.00 | 15.00 | 1.00 | 5.00 | 23.00 |
| CFO/OP % | 47.00 | 60.00 | 103.00 | 24.00 | 306.00 | -25.00 | 239.00 | 85.00 | 18.00 | 83.00 | 1,702.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 7.00 | 11.00 | 7.00 | 10.00 | 16.00 | 29.00 | 17.00 | 14.00 | 29.00 | 39.00 | 49.00 |
| Inventory Days | 58.00 | 45.00 | 49.00 | 55.00 | 42.00 | 130.00 | 86.00 | 83.00 | 94.00 | 81.00 | 56.00 |
| Days Payable | 13.00 | 14.00 | 8.00 | 12.00 | 5.00 | 28.00 | 24.00 | 19.00 | 34.00 | 3.00 | 10.00 |
| Cash Conversion Cycle | 53.00 | 43.00 | 48.00 | 52.00 | 52.00 | 131.00 | 79.00 | 78.00 | 89.00 | 116.00 | 94.00 |
| Working Capital Days | 16.00 | 17.00 | 21.00 | 26.00 | 27.00 | 59.00 | 20.00 | 17.00 | 23.00 | 12.00 | 0.00 |
| ROCE % | 8.00 | 7.00 | 7.00 | 6.00 | 6.00 | 4.00 | 5.00 | 9.00 | 8.00 | 5.00 | — |
Corporate Actions
12 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 22 Jul 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 16 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 15 Dec 2020 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 03 Aug 2018 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2017 | — | — | — | Annual General Meeting |
| Dividend | 08 Sep 2010 | — | — | 0.50 | |
| Dividend | 16 Sep 2009 | — | — | 0.50 | |
| Dividend | 24 Jul 2008 | — | — | 0.75 | |
| Dividend | 24 Sep 2007 | — | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update27 Aug from icra
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Rating update6 Aug from brickwork