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M

Mahamaya Steel Industries MAHASTEEL.NS · INR

Materials · NSE · 🇮🇳 India

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1,513.90

+3.74%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹8.83bn

FY2017FY2026

Net income

₹96.0m

FY2017FY2026

Free cash flow

−₹79.1m

FY2017FY2026

Shareholders' equity

₹1.59bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹8.83bn₹8.02bn₹7.82bn₹6.50bn₹4.93bn₹2.50bn₹3.56bn₹4.64bn₹2.96bn₹2.54bn
Operating income₹148.4m₹108.5m₹94.1m₹75.1m₹117.0m₹70.9m₹96.8m₹171.1m₹145.1m₹129.1m
Net income₹96.0m₹76.0m₹67.2m₹54.4m₹49.0m₹8.8m₹24.1m₹58.6m₹23.6m₹12.4m
Diluted earnings per share5.844.624.063.322.980.591.763.621.750.75

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹2.70bn₹2.44bn₹2.33bn₹2.25bn₹2.05bn₹2.24bn₹2.11bn₹2.38bn₹2.33bn₹2.11bn
Cash and short-term investments₹3.2m₹18.5m₹16.1m₹4.7m₹170.6m₹43.6m₹30.6m₹43.9m₹51.0m₹42.4m
Total liabilities₹1.12bn₹951.2m₹918.6m₹904.5m₹765.0m₹1.13bn₹1.12bn₹1.42bn₹1.43bn₹940.9m
Debt₹580.4m₹460.3m₹408.4m₹432.2m₹452.9m₹810.0m₹788.5m₹1.01bn₹1.01bn₹940.3m
Shareholders' equity₹1.59bn₹1.49bn₹1.41bn₹1.34bn₹1.29bn₹1.11bn₹984.0m₹958.9m₹903.7m₹1.17bn
Shares outstanding16m16m17m16m16m15m14m16m14m16m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹26.6m₹88.5m₹142.8m₹17.7m₹440.1m−₹42.2m₹345.8m₹178.3m₹26.1m₹133.7m
Capital spending−₹105.6m−₹91.8m−₹91.3m−₹112.1m−₹49.3m−₹25.9m−₹37.7m−₹31.4m−₹17.9m−₹82.6m
Free cash flow−₹79.1m−₹3.4m₹51.5m−₹94.4m₹390.8m−₹68.0m₹308.1m₹146.8m₹8.2m₹51.2m
Dividends paid————−₹183.1m−₹75.8m————

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹2.68bn₹2.63bn₹2.24bn₹1.89bn₹2.07bn₹2.36bn₹2.00bn₹1.55bn
Operating income₹34.6m₹55.8m₹36.6m₹28.6m₹27.4m₹79.5m₹20.2m₹14.4m
Net income₹21.3m₹40.7m₹19.1m₹18.8m₹17.4m₹54.1m₹10.9m₹2.3m
Diluted earnings per share1.302.481.161.151.063.290.660.14
Cash from operations———−₹36.0m—₹88.0m—₹132.0m
Capital spending———−₹51.0m—−₹91.0m—−₹47.0m
Free cash flow———−₹87.0m—−₹3.0m—₹85.0m
Total assets—₹2.70bn—₹2.62bn—₹2.44bn—₹2.20bn
Cash and short-term investments—₹3.2m—₹6.4m₹7.6m₹18.5m—₹7.4m
Debt—₹580.4m—₹616.0m—₹460.3m—₹335.9m
Shareholders' equity—₹1.59bn—₹1.53bn₹1.49bn₹1.49bn—₹1.42bn

Financial ratios

Data as of 3 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Operating margin1.7%1.4%1.2%1.2%2.4%2.8%
Net margin1.1%0.9%0.9%0.8%1.0%0.4%
Return on equity6.0%5.1%4.8%4.1%3.8%0.8%
Return on assets3.6%3.1%2.9%2.4%2.4%0.4%
Free cash flow yield0.7%0.9%1.2%0.7%2.5%-0.1%
Revenue growth10.1%2.5%20.4%31.7%97.2%-29.7%
Earnings growth26.3%13.2%23.4%11.2%457.5%-63.6%
Current ratio1.41x1.49x1.71x1.78x2.21x1.59x
Debt to equity0.37x0.31x0.29x0.32x0.35x0.73x
Equity ratio58.7%61.0%60.6%59.8%62.7%49.7%
Interest coverage2.96x2.79x1.83x2.35x2.33x1.10x
Buybacks as a share of market value0.0%0.8%-1.0%0.1%-10.9%-7.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue10.8%28.7%11.1%
Operating income25.5%15.9%—
Net income20.8%61.3%—

Average margins

Over each period

1 year3 years5 years10 years
Operating margin1.5%1.4%1.6%1.9%
Net margin1.0%0.9%0.9%0.6%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings249.6216.450.225.423.8141.955.025.544.0109.1
Price to sales2.72.00.40.20.20.50.40.30.30.5

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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