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On 6 Nov 2026, Mahamaya Steel Industries was priced at ₹1,459.30, or 239.6× trailing earnings, against an industry P/E of 19.9×. It earns ROCE of 10% and ROE of 6.2%, and sales and net profit grew 11% and 21% a year over 3 years. Debt is 0.37× equity. It is a small-cap company with a market cap of ₹2,398 Cr, ranked 41st of 150 Steel companies by market cap; the shares rose 138% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹1,382.10
Day high
₹1,464.00
Day low
₹1,381.10
Prev. close
₹1,445.80
Volume
3.2K

Health check

1 good · 2 fair · 3 to check
  • ReturnsAhead

    +138.1% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 239.6 vs industry 19.9.

  • GrowthSteady

    Sales +10.9%, profit +20.8% a year over 3 years.

  • ProfitabilityWeak

    ROCE 10.2% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.37× equity, interest covered 3.7×, Piotroski 5 of 9.

  • Red flags2 to check

    Return on equity is low at 6.2%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹2,398 Cr, #41 of 150 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹943 Cr · profit ₹10 Cr
Market cap
₹2,398 Cr
Small cap
P/E
239.6
Industry 19.9
Price to book
15.09
Peers 2.28
Dividend yield
0.00%
ROE
6.2%
Peers 23.4%
ROCE
10.2%
Peers 18.7%
Debt to equity
0.37
Debt ₹58 Cr
EPS (TTM)
₹6.09
Face value ₹10
OPM (TTM)
4.1%
Net margin 1.1%
Sales growth
+29.3%
Latest quarter vs a year ago
Profit growth
+22.6%
Latest quarter vs a year ago
Price to sales
2.54
EV/EBITDA 99.4

Strengths and risks

Strengths

  • Quarterly profit up 22.6% on a year ago.
  • Quarterly sales up 29.3% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 6.2%.
  • P/E of 239.6 against an industry P/E of 19.9.

Derived automatically from reported figures. Not a recommendation.

About Mahamaya Steel Industries

Mahamaya Steel Industries Limited engages in the manufacture and sale of steel structures products in India. The company provides I-beams, channels, angles, H-beams, flats, railway sleepers, rounds, squares, billets, blooms, strips, joists, girders, 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…

Headquarters
Raipur
Employees
908
Sector
Basic Materials
ISIN
INE451L01014
Website
mahamayagroup.in

Price range

52 weeks

₹667.30₹1,550.00

Today

₹1,381.10₹1,464.00
Avg volume (3M)
10.8K
1-year return
plus 138.1%
From 52-week high
minus 5.9%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
MAHASTEELMahamaya Steel Industries1,459.30plus 0.93%2,398239.6103.810.2%1.3%0.3710.9%plus 138.1%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
207189224263268
202183218241262
4.95.15.921.85.8
2.4%2.7%2.6%8.3%2.2%
0.10.60.41.20.1
1.21.21.51.20.7
2.12.22.22.32.3
0.60.1–––
2.32.42.519.62.9
25.5%21.5%25.1%9.2%26.1%
1.71.91.94.12.1
1.061.151.162.481.30

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+10.9%
Profit CAGR 3Y
+20.8%
EPS CAGR 3Y
+20.8%
ROE
6.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
646782801881
–+21.1%+2.4%+10.0%
628766782857
18.116.318.723.7
2.8%2.1%2.3%2.7%
23.12.42.2
2.94.93.64.8
6.377.98.8
−3.51.10.50.7
7.38.710.112.9
25.3%22.4%24.4%25.9%
5.46.77.69.6
–+23.4%+13.2%+26.3%
3.314.094.625.84

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16.416.416.416.4
118125133142
43.240.84658
47.25149.153.5
225233244270
65.369.571.573.2
0.1––0.5
53.451.854.860.4
0.51.60.90.3
106110117136
225233244270

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1.814.38.87.7
−11.2−5.6−10.8−15.3
−5.3−7.51.37
−14.71.1−0.7−0.6
−11.2−9.1−9.2−10.6
−9.45.1−0.3−2.9

Shareholding pattern

Source: NSE filings
72.8%
promoters
  • Promoters72.80%
  • Public27.20%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202672.80%27.20%0.00
30 Jun 202672.80%27.20%0.00
31 Mar 202672.80%27.20%0.00
31 Dec 202572.80%27.20%0.00
30 Sep 202572.80%27.20%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you