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Maiden Forgings Ltd Steel
(%)
  • NSE
  • BSE

Overview

  • BSE Code 543874
  • NSE Symbol
  • ISIN Demat INE0O1T01010
  • Book Value (₹) 53.81
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 112.27
  • P/E (TTM) 18.54
  • EPS (TTM) 4.26
  • Div Yield (%) 0.00

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About Maiden Forgings Ltd

Maiden Forgings Limited was initially formed on February 11, 2005 as a Private Limited Company as Maiden Forgings Private Limited. Later on, the Company's name changed to 'Maiden Forgings Limited' and upon conversion of Company into Public Limited Company, a fresh Certificate of Incorporation dated December 02, 2022 was issued by Registrar of Companies, Delhi.

Company is involved in manufacturing of wide range of Bright steel and wires. It specializes in design and manufacture of different type of ferrous metal products including carbon steel, stainless-steel and alloy steel products.

the Company's fully integrated infrastructure consists of steel drawing machines, peeling centres finishing machines installed at its 3 manufacturing plants, all located in Ghaziabad, Uttar Pradesh, which has a combined aggregated manufacturing capacity of approx. 50,000 ton per annum.

the Company established its first manufacturing plant in 2011 at Kavi Nagar Industrial Area at Ghaziabad. In 2015, it established second plant nearby and consequently, the third plant of the Company started operations in 2018, in Ghaziabad. Then in 2022, it commissioned and installed a new dedicated production line for manufacturing of collated pneumatic nails as a part of forward integration strategy.

the Company raised money from public by issuing upto 37,84,000 Equity Shares of face value of Rs 10 each through fresh issue.

Company diversified its product portfolio by adding 'Plastic Coil Pneumatic Nails and Wire Welded Coil Nails and specialised steel grades in SS Bright Bars' in 2023.

Founded: 2005
Managing Director: Nishant Garg
Address: B-5 Arihant Tower East Delhi, Block-D Market Vivek Vihar, Delhi, New Delhi, 110092,

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