Mahamaya Steel Industries Ltd. (IN:MAHASTEEL)
:MAHASTEEL
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Mahamaya Steel Industries Ltd.
(MAHASTEEL)
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Rating:55Neutral
Price Target:
₹927.00
▼(-9.80% Downside)
Action:Reiterated
Date:05/27/26
The score is primarily held back by weak and inconsistent cash conversion (volatile operating cash flow and multiple negative free-cash-flow years) and an expensive valuation (P/E ~215.6). Offsetting factors include strong top-line growth and a generally manageable leverage profile, while technical signals are mixed with negative MACD and near-overbought stochastic despite longer-term price strength.
Positive Factors
Revenue Growth
Sustained high top-line growth to ~8.8B with a 39.7% YoY jump in 2026 indicates expanding market share or stronger product demand. Over 2-6 months this supports capacity utilization, bargaining power with suppliers, and a larger base to scale margins if cost control holds.
Negative Factors
Thin Net Margins
Net margins near 0.8%–1.0% provide a thin cushion against commodity price swings and cost inflation. Over months this structural low profitability limits retained earnings, constrains reinvestment capacity, and magnifies sensitivity to any adverse input-cost or demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high top-line growth to ~8.8B with a 39.7% YoY jump in 2026 indicates expanding market share or stronger product demand. Over 2-6 months this supports capacity utilization, bargaining power with suppliers, and a larger base to scale margins if cost control holds.
Read all positive factors
Mahamaya Steel Industries Ltd. (MAHASTEEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.59B
Dividend YieldN/A
Average Volume (3M)5.39K
Price to Earnings (P/E)162.5
Beta (1Y)0.03
Revenue Growth10.11%
EPS Growth28.16%
CountryIN
Employees462
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)5.50
Shares Outstanding16,434,400
10 Day Avg. Volume9,525
30 Day Avg. Volume5,388
Financial Highlights & Ratios
PEG Ratio6.16
Price to Book (P/B)9.83
Price to Sales (P/S)1.77
P/FCF Ratio-197.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mahamaya Steel Industries Ltd. Business Overview & Revenue Model
Company Description
Mahamaya Steel Industries Limited manufactures and sells structural steel products in India. The company provides angles, H-beams, joists, channels, billets, blooms, rounds, flats, railway sleepers, strips, girders, etc. It serves construction, au...
How the Company Makes Money
MAHASTEEL primarily makes money by selling its steel products to customers, with revenue recognized from product sales. Detailed breakdowns of its revenue model (e.g., specific product-wise revenue streams, customer segments, contract structure, p...
Mahamaya Steel Industries Ltd. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.32B | 8.83B | 8.02B | 7.82B | 6.50B | 4.93B |
| Gross Profit | 1.26B | 1.52B | 1.50B | 309.60M | 184.87M | 287.21M |
| EBITDA | 214.12M | 236.55M | 218.06M | 205.90M | 165.13M | 172.27M |
| Net Income | 90.28M | 95.99M | 76.01M | 67.17M | 54.43M | 48.96M |
Balance Sheet | ||||||
| Total Assets | 2.62B | 2.70B | 2.44B | 2.33B | 2.25B | 2.05B |
| Cash, Cash Equivalents and Short-Term Investments | 6.42M | 1.20M | 18.47M | 16.07M | 4.66M | 170.65M |
| Total Debt | 615.99M | 580.42M | 460.32M | 408.43M | 432.16M | 452.91M |
| Total Liabilities | 1.09B | 1.12B | 951.20M | 918.61M | 904.53M | 765.00M |
| Stockholders Equity | 1.53B | 1.59B | 1.49B | 1.41B | 1.34B | 1.29B |
Cash Flow | ||||||
| Free Cash Flow | -88.05M | -79.08M | -3.35M | 51.48M | -94.40M | 390.84M |
| Operating Cash Flow | -36.62M | 26.56M | 88.46M | 142.79M | 17.71M | 440.14M |
| Investing Cash Flow | -98.67M | -153.05M | -108.21M | -56.30M | -112.39M | -50.58M |
| Financing Cash Flow | 132.19M | 120.10M | 13.04M | -75.18M | -52.78M | -262.62M |
Mahamaya Steel Industries Ltd. Technical Analysis
Positive
1027.70
Price Trends
895.11
Positive
857.70
Positive
711.31
Positive
Market Momentum
6.88
Negative
65.18
Neutral
97.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHASTEEL, the sentiment is Positive. The current price of 1027.7 is above the 20-day moving average (MA) of 849.50, above the 50-day MA of 895.11, and above the 200-day MA of 711.31, indicating a bullish trend. The MACD of 6.88 indicates Negative momentum. The RSI at 65.18 is Neutral, neither overbought nor oversold. The STOCH value of 97.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAHASTEEL.
Mahamaya Steel Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹508.78B | 42.27 | ― | 0.31% | 8.56% | 58.85% | |
65 Neutral | ₹179.89B | 37.06 | ― | 0.60% | -13.35% | -11.28% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹15.59B | 162.50 | ― | ― | 10.11% | 28.16% | |
54 Neutral | ₹9.00B | 57.18 | ― | ― | 7.26% | -40.98% | |
47 Neutral | ₹7.28B | 19.43 | ― | ― | ― | ― | |
41 Neutral | ₹792.75M | 74.78 | ― | ― | 18.52% | -35.36% |
* Basic Materials Sector Average
IN:MAHASTEEL
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Mahamaya Steel Industries Ltd. Corporate Events
Mahamaya Steel Reports April 2026 Sales Volume of 21,467.96 MT
May 4, 2026
Mahamaya Steel Industries Ltd. reported that its sales volume for April 2026 reached 21,467.960 metric tonnes, according to a monthly business update filed with the stock exchanges. The disclosure underscores the company’s focus on providing...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.