Maiden Forgings Ltd

NSE: BSE: 543874

₹103.95

(0.87%)

Tue, 22 Sept 2026, 04:52 pm

MTF 5xInvest in Maiden Forgings Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)146.45

PE Ratio29.41

Dividend0

Non-Energy Minerals

Steel

24.5K

Maiden Forgings Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	2019	2020	2021	2022	2023	2024
Interest expense on debt	-67.36M	-70.55M	-59.55M	-54.78M	-59.08M	-73.17M
Pretax equity in earnings	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0
Total assets	989.00M	1.05B	1.10B	1.27B	1.49B	1.64B
Total current assets	655.73M	750.01M	813.57M	923.25M	1.12B	1.22B
Cash and short term investments	21.24M	36.28M	30.02M	30.89M	22.98M	24.02M
Cash & equivalents	9.06M	14.79M	30.02M	30.89M	22.98M	24.02M
Short term investments	12.18M	21.50M	0	0	0	0
Total receivables, net	314.51M	338.64M	275.69M	261.37M	235.73M	324.15M
Accounts receivable - trade, net	308.62M	330.57M	271.47M	249.94M	222.58M	296.91M
Other receivables	5.88M	8.07M	4.23M	11.43M	13.15M	27.24M
Total inventory	314.13M	371.15M	503.55M	618.89M	850.55M	863.09M
Other current assets, total	5.86M	3.93M	4.30M	4.72M	8.07M	9.17M
Total non-current assets	333.27M	298.41M	287.85M	344.84M	365.97M	418.60M
Long term investments	0	0	37.88M	37.88M	37.88M	37.88M
Note receivable - long term	—	—	37.88M	37.88M	37.88M	37.88M
Investments in unconsolidated subsidiaries	0	0	0	0	0	0
Other investments	0	0	0	0	0	0
Net property/plant/equipment	292.09M	255.39M	244.87M	292.08M	293.79M	374.12M
Gross property/plant/equipment	413.08M	417.14M	440.66M	523.01M	569.21M	689.44M
Deferred tax assets	—	—	—	—	—	—
Net intangible assets	—	—	0	0	—	0
Goodwill, net	0	0	0	0	0	0
Other intangibles, net	—	—	0	0	—	0
Other long term assets, total	41.19M	43.02M	5.00M	7.60M	34.29M	4.37M
Short term debt	385.32M	406.63M	502.49M	503.64M	474.53M	493.97M
Current portion of LT debt and capital leases	53.37M	65.13M	78.12M	46.73M	34.61M	44.89M
Short term debt excl. current portion of LT debt	331.95M	341.50M	424.37M	456.91M	439.92M	449.08M
Accounts payable	131.55M	126.64M	73.08M	126.47M	94.70M	127.14M
Income tax payable	3.89M	8.65M	9.29M	36.78M	38.41M	25.32M
Long term debt	246.86M	201.39M	192.71M	171.77M	152.18M	199.03M
Long term debt excl. lease liabilities	246.86M	201.39M	192.71M	171.77M	152.18M	199.03M
Total equity	213.69M	289.91M	312.07M	407.15M	709.65M	764.71M
Shareholders' equity	213.69M	289.91M	312.07M	407.15M	709.65M	764.71M
Common equity, total	213.69M	289.91M	312.07M	407.15M	709.65M	764.71M
Other common equity	0	0	0	0	0	0
Total debt	632.18M	608.02M	695.20M	675.40M	626.71M	693.00M
Net debt	610.95M	571.74M	665.18M	644.51M	603.73M	668.98M
Change in accounts receivable	72.73M	-21.95M	59.10M	21.53M	27.36M	-74.32M
Change in taxes payable	—	—	—	—	—	—
Change in accounts payable	-117.13M	-4.92M	-53.56M	53.39M	-31.76M	32.44M
Change in other assets/liabilities	27.68M	89.26M	-69.34M	-110.09M	-58.15M	67.30M
Sale of fixed assets & businesses	28.00M	4.07M	0	0	0	0
Purchase/sale of investments, net	0	0	210.00K	-9.78M	810.00K	2.42M
Sale/maturity of investments	0	0	210.00K	—	810.00K	2.42M
Purchase of investments	0	0	0	-9.78M	0	0
Other investing cash flow items, total	0	0	0	0	0	0
Issuance/retirement of debt, net	-5.25M	-35.92M	74.18M	58.33M	-48.70M	66.30M
Issuance/retirement of long term debt	-20.31M	-45.47M	0	0	-19.59M	46.85M
Issuance/retirement of short term debt	15.06M	9.55M	74.18M	58.33M	-29.11M	19.44M
Issuance/retirement of other debt	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0
Other financing cash flow items, total	0	0	0	0	0	0