Mahamaya Steel Industries Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Mahamaya Steel Industries Ltd?

Mahamaya Steel Industries Ltd is trading at 957.00 as of 25 April 2026, with a FY2026-2027 high of 1,062 and low of 222. The stock is currently near its 52-week high. Market cap stands at 1,573 Cr..

Q: Is Mahamaya Steel Industries Ltd financially healthy?

Key indicators: ROCE of 7.15 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Mahamaya Steel Industries Ltd profitable and how is the profit trend?

Mahamaya Steel Industries Ltd reported a net profit of 8 Cr in Mar 2025 on revenue of 802 Cr. Compared to 5 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹572.87Overvalued by 40.14%vs CMP ₹957.00

P/E (151.0) × ROE (5.0%) × BV (₹92.80) × DY (2.00%)

₹260.02Overvalued by 72.83%vs CMP ₹957.00

MoS: -268% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹672.63	26%	Over (-29.7%)
Graham Number	Earnings	₹117.84	19%	Over (-87.7%)
DCF	Cash Flow	₹111.08	13%	Over (-88.4%)
Net Asset Value	Assets	₹92.48	8%	Over (-90.3%)
EV/EBITDA	Enterprise	₹126.55	11%	Over (-86.8%)
Earnings Yield	Earnings	₹66.50	8%	Over (-93.1%)
ROCE Capital	Returns	₹53.81	8%	Over (-94.4%)
Revenue Multiple	Revenue	₹243.97	6%	Over (-74.5%)
Consensus (8 models)		₹260.02	100%	Overvalued

Key Drivers: P/E of 151 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | Wide model spread (₹54–₹673) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.4%

*Investments are subject to market risks

Analyst Summary

Mahamaya Steel Industries Ltd operates in the Steel - CR/HR Strips segment, NSE: MAHASTEEL | BSE: 513554, current market price is ₹957.00, market cap is 1,573 Cr.. At a glance, stock P/E is 151, ROE is 5.01 %, ROCE is 7.15 %, book value is 92.8, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹260.02, around 72.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹802 Cr versus the prior period change of 2.3%, while latest net profit is about ₹8 Cr with a prior-period change of 14.3%. The 52-week range shown on this page is 1,062/222, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMahamaya Steel Industries Ltd. is a Public Limited Listed company incorporated on 23/05/1988 and has its registered office in the State of Chattisgarh, India. Company's Corporate Identification Number…

This summary is generated from the stock page data available for Mahamaya Steel Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Mahamaya Steel Industries Ltd scores 59/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health57/100 · Moderate

ROCE 7.2% WeakROE 5.0% WeakD/E 0.59 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 0.46% (6mo) Slight increasePromoter holding at 72.8% Stable

Earnings Quality60/100 · Moderate

OPM stable around 2% SteadyWorking capital: 17 days (improving) Efficient

Quarterly Momentum80/100 · Strong

Revenue (4Q): +12% YoY GrowingProfit (4Q): +202% YoY Strong

Industry Rank30/100 · Weak

P/E 151.0 vs industry 82.8 Premium to peersROCE 7.2% vs industry 86.4% Below peers3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:17 am

Market Cap	1,573 Cr.
Current Price	957
Intrinsic Value	₹260.02
High / Low	1,062/222
Stock P/E	151
Book Value	92.8
Dividend Yield	0.00 %
ROCE	7.15 %
ROE	5.01 %
Face Value	10.0
PEG Ratio	8.67

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Mahamaya Steel Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mahamaya Steel Industries Ltd	1,573 Cr.	957	1,062/222	151	92.8	0.00 %	7.15 %	5.01 %	10.0
Pennar Industries Ltd	1,947 Cr.	144	280/129	14.6	79.3	0.00 %	15.9 %	12.6 %	5.00
Heera Ispat Ltd	3.09 Cr.	5.25	9.91/4.84		1.38	0.00 %	236 %	%	10.0
Industry Average	1,760.00 Cr	368.75		82.80	57.83	0.00%	86.35%	8.81%	8.33

All Competitor Stocks of Mahamaya Steel Industries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	152.44	188.38	220.20	185.77	180.24	197.62	211.03	154.74	199.83	236.17	207.05	188.57	224.11
Expenses	148.50	185.16	215.77	181.63	175.81	194.30	207.00	151.81	195.77	228.46	202.16	183.50	218.26
Operating Profit	3.94	3.22	4.43	4.14	4.43	3.32	4.03	2.93	4.06	7.71	4.89	5.07	5.85
OPM %	2.58%	1.71%	2.01%	2.23%	2.46%	1.68%	1.91%	1.89%	2.03%	3.26%	2.36%	2.69%	2.61%
Other Income	0.69	1.26	0.81	0.56	1.54	1.58	0.13	0.43	0.26	2.26	0.78	0.69	0.40
Interest	0.80	1.34	1.42	0.95	1.51	1.27	1.08	1.00	0.72	1.09	1.19	1.15	1.51
Depreciation	1.67	1.47	1.73	1.76	1.77	1.74	1.88	1.92	2.04	2.02	2.15	2.21	2.20
Profit before tax	2.16	1.67	2.09	1.99	2.69	1.89	1.20	0.44	1.56	6.86	2.33	2.40	2.54
Tax %	20.83%	27.54%	20.57%	22.11%	22.30%	24.87%	26.67%	50.00%	30.13%	21.14%	25.75%	21.67%	25.20%
Net Profit	1.71	1.22	1.66	1.55	2.08	1.43	0.87	0.23	1.09	5.41	1.74	1.88	1.91
EPS in Rs	1.04	0.74	1.01	0.94	1.27	0.87	0.53	0.14	0.66	3.29	1.06	1.14	1.16

Last Updated: March 4, 2026, 12:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:46 pm

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	317	254	297	465	358	251	495	650	784	802	856
Expenses	316	238	276	443	343	238	480	636	768	783	832
Operating Profit	1	16	21	22	15	13	15	14	16	19	24
OPM %	0%	6%	7%	5%	4%	5%	3%	2%	2%	2%	3%
Other Income	3	2	2	2	1	1	2	3	4	3	4
Interest	9	11	12	11	9	6	5	3	5	4	5
Depreciation	7	6	7	6	6	6	6	6	7	8	9
Profit before tax	-12	1	4	7	0	2	7	7	9	10	14
Tax %	27%	-63%	44%	16%	-505%	45%	27%	25%	22%	24%
Net Profit	-15	1	2	6	2	1	5	5	7	8	11
EPS in Rs	-11.24	0.91	1.74	4.32	1.78	0.60	2.98	3.31	4.09	4.62	6.65
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	106.67%	100.00%	200.00%	-66.67%	-50.00%	400.00%	0.00%	40.00%	14.29%
Change in YoY Net Profit Growth (%)	0.00%	-6.67%	100.00%	-266.67%	16.67%	450.00%	-400.00%	40.00%	-25.71%

Mahamaya Steel Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	18%
3 Years:	17%
TTM:	3%

Compounded Profit Growth
10 Years:	%
5 Years:	25%
3 Years:	14%
TTM:	53%

Stock Price CAGR
10 Years:	26%
5 Years:	29%
3 Years:	79%
1 Year:	112%

Return on Equity
10 Years:	%
5 Years:	4%
3 Years:	4%
Last Year:	5%

Last Updated: September 5, 2025, 10:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:36 am

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	14	14	14	14	14	15	16	16	16	16	16
Reserves	68	74	76	82	85	97	112	118	125	133	136
Borrowings	103	94	101	101	79	81	45	43	41	46	62
Other Liabilities	30	29	40	41	34	32	31	47	51	49	48
Total Liabilities	214	211	231	238	211	224	205	225	233	244	262
Fixed Assets	69	74	69	66	63	61	60	65	69	70	72
CWIP	2	0	0	0	0	0	0	0	0	0	0
Investments	33	32	32	32	31	31	31	30	26	27	28
Other Assets	110	105	131	140	117	133	115	130	139	146	162
Total Assets	214	211	231	238	211	224	205	225	233	244	262

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	25	13	3	18	35	-4	44	2	14	9
Cash from Investing Activity +	-16	2	1	-7	-3	1	-5	-11	-6	-11
Cash from Financing Activity +	-10	-16	-4	-11	-31	5	-26	-5	-8	1
Net Cash Flow	-1	-0	1	-1	1	2	13	-15	1	-1
Free Cash Flow	23	5	1	15	31	-7	39	-9	5	-0
CFO/OP	1,702%	83%	18%	85%	239%	-25%	306%	24%	103%	60%

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-102.00	-78.00	-80.00	-79.00	-64.00	-68.00	-30.00	-29.00	-25.00	-27.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	49	39	29	14	17	29	16	10	7	11
Inventory Days	56	81	94	83	86	130	42	55	49	45
Days Payable	10	3	34	19	24	28	5	12	8	14
Cash Conversion Cycle	94	116	89	78	79	131	52	52	48	43
Working Capital Days	0	12	23	17	20	59	27	26	21	17
ROCE %		5%	8%	9%	5%	4%	6%	6%	7%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	72.81%	72.81%	72.81%
FIIs	0.00%	0.00%	0.00%	0.04%	0.00%	0.11%	1.01%	0.83%	0.71%	0.55%	0.56%	1.17%
Public	26.59%	26.59%	26.58%	26.54%	26.59%	26.49%	25.59%	25.75%	25.88%	26.65%	26.64%	26.03%
No. of Shareholders	9,216	8,878	8,880	9,344	10,636	10,253	8,183	7,603	7,211	6,868	6,933	7,167

Shareholding Pattern Chart

No. of Shareholders

Mahamaya Steel Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.62	4.09	3.31	3.31	0.63
Diluted EPS (Rs.)	4.62	4.09	3.31	3.31	0.63
Cash EPS (Rs.)	8.56	7.17	6.37	5.52	4.12
Book Value[Excl.RevalReserv]/Share (Rs.)	84.57	79.87	75.69	78.36	60.28
Book Value[Incl.RevalReserv]/Share (Rs.)	84.57	79.87	75.69	78.36	60.28
Revenue From Operations / Share (Rs.)	487.86	476.94	395.37	301.39	169.87
PBDIT / Share (Rs.)	12.14	10.79	8.99	9.66	8.86
PBIT / Share (Rs.)	7.35	6.53	5.16	6.05	5.11
PBT / Share (Rs.)	5.26	4.09	3.66	2.99	0.85
Net Profit / Share (Rs.)	3.77	2.91	2.54	1.91	0.37
NP After MI And SOA / Share (Rs.)	4.62	4.09	3.31	2.98	0.59
PBDIT Margin (%)	2.48	2.26	2.27	3.20	5.21
PBIT Margin (%)	1.50	1.36	1.30	2.00	3.00
PBT Margin (%)	1.07	0.85	0.92	0.99	0.50
Net Profit Margin (%)	0.77	0.61	0.64	0.63	0.21
NP After MI And SOA Margin (%)	0.94	0.85	0.83	0.98	0.35
Return on Networth / Equity (%)	5.46	5.11	4.37	3.80	0.98
Return on Capital Employeed (%)	7.31	6.39	5.13	6.11	4.96
Return On Assets (%)	3.11	2.88	2.42	2.38	0.39
Long Term Debt / Equity (X)	0.01	0.14	0.18	0.11	0.08
Total Debt / Equity (X)	0.28	0.31	0.34	0.26	0.59
Asset Turnover Ratio (%)	3.36	3.42	3.02	2.34	1.16
Current Ratio (X)	1.49	1.71	1.78	2.21	1.59
Quick Ratio (X)	0.46	0.37	0.43	1.11	0.59
Inventory Turnover Ratio (X)	9.53	7.87	8.50	6.58	2.94
Interest Coverage Ratio (X)	5.13	3.45	4.61	3.16	2.03
Interest Coverage Ratio (Post Tax) (X)	2.48	1.71	2.07	1.63	1.06
Enterprise Value (Cr.)	490.24	205.24	125.17	143.01	195.80
EV / Net Operating Revenue (X)	0.61	0.26	0.19	0.28	0.78
EV / EBITDA (X)	24.57	11.57	8.47	9.01	14.97
MarketCap / Net Operating Revenue (X)	0.55	0.21	0.12	0.23	0.48
Price / BV (X)	3.20	1.26	0.66	0.89	1.38
Price / Net Operating Revenue (X)	0.55	0.21	0.12	0.23	0.48
EarningsYield	0.01	0.04	0.06	0.04	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Mahamaya Steel Industries Ltd. is a Public Limited Listed company incorporated on 23/05/1988 and has its registered office in the State of Chattisgarh, India. Company's Corporate Identification Number(CIN) is L27107CT1988PLC004607 and registration number is 004607. Currently company belongs to the Industry of Steel - CR/HR Strips. Company's Total Operating Revenue is Rs. 801.76 Cr. and Equity Capital is Rs. 16.43 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Steel - CR/HR Strips	B/8-9, Sector-C, Urla Industrial Area, Raipur Chattisgarh 493221	Contact not found

Management
Name	Position Held
Mr. Rajesh Agrawal	Managing Director
Mr. Suresh Raman	Executive Director & CFO
Mrs. Rekha Agrawal	Executive Director
Mr. Uday Raj Singhania	Independent Director
Mr. Rajesh Lunia	Independent Director
Mrs. Vanitha Rangaiah	Independent Director

FAQ

What is the intrinsic value of Mahamaya Steel Industries Ltd and is it undervalued?

As of 25 April 2026, Mahamaya Steel Industries Ltd's intrinsic value is ₹260.02, which is 72.83% lower than the current market price of ₹957.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.01 %), book value (₹92.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mahamaya Steel Industries Ltd?

Mahamaya Steel Industries Ltd is trading at ₹957.00 as of 25 April 2026, with a FY2026-2027 high of ₹1,062 and low of ₹222. The stock is currently near its 52-week high. Market cap stands at ₹1,573 Cr..

How does Mahamaya Steel Industries Ltd's P/E ratio compare to its industry?

Mahamaya Steel Industries Ltd has a P/E ratio of 151, which is above the industry average of 82.80. The premium over industry average may reflect growth expectations or speculative interest.

Is Mahamaya Steel Industries Ltd financially healthy?

Key indicators for Mahamaya Steel Industries Ltd: ROCE of 7.15 % is on the lower side compared to the industry average of 86.35%; ROE of 5.01 % is below ideal levels (industry average: 8.81%). Dividend yield is 0.00 %.

Is Mahamaya Steel Industries Ltd profitable and how is the profit trend?

Mahamaya Steel Industries Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹802 Cr. Compared to ₹5 Cr in Mar 2022, the net profit shows an improving trend.

Does Mahamaya Steel Industries Ltd pay dividends?

Mahamaya Steel Industries Ltd has a dividend yield of 0.00 % at the current price of ₹957.00. The company is currently not paying meaningful dividends.