Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Maiden Forgings Ltd
Quarter-by-quarter operating performance
Financials of Maiden Forgings Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 204 | 199 | 210 | 221 | 236 | 213 | 213 |
| Expenses + | 191 | 186 | 198 | 199 | 213 | 194 | 199 |
| Operating Profit | 13 | 13 | 12 | 22 | 23 | 19 | 14 |
| OPM % | 6% | 7% | 6% | 10% | 10% | 9% | 7% |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Interest | 7 | 7 | 6 | 5 | 6 | 7 | 7 |
| Depreciation | 4 | 4 | 3 | 4 | 4 | 4 | 5 |
| Profit before tax | 2 | 2 | 3 | 13 | 14 | 9 | 5 |
| Tax % | 28% | 29% | 27% | 28% | 29% | 29% | |
| Net Profit + | 2 | 2 | 2 | 10 | 10 | 6 | 4 |
| EPS in Rs | 3.57 | 3.24 | 4.20 | 9.22 | 6.84 | 4.26 | 2.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Maiden Forgings Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 10 | 14 | 14 | 14 |
| Reserves | 17 | 24 | 26 | 30 | 57 | 62 | 64 |
| Borrowings + | 63 | 61 | 62 | 68 | 63 | 69 | 69 |
| Other Liabilities + | 14 | 15 | 17 | 19 | 15 | 18 | 20 |
| Total Liabilities | 99 | 105 | 110 | 127 | 149 | 164 | 168 |
| Fixed Assets + | 29 | 26 | 24 | 29 | 29 | 37 | 33 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Assets + | 70 | 79 | 86 | 98 | 119 | 127 | 134 |
| Total Assets | 99 | 105 | 110 | 127 | 149 | 164 | 168 |
Financials of Maiden Forgings Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | -0 | 3 | 11 | -12 | 5 |
| Cash from Investing Activity + | -3 | -0 | -2 | -9 | -7 | -9 |
| Cash from Financing Activity + | -1 | 2 | -1 | -2 | 19 | 5 |
| Net Cash Flow | -1 | 2 | -1 | 0 | -1 | 0 |
| Free Cash Flow | -0 | -1 | 0 | 3 | -17 | -5 |
| CFO/OP | 24% | -0% | 21% | 52% | -52% | 23% |
Financials of Maiden Forgings Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 55 | 61 | 47 | 41 | 34 | 51 |
| Inventory Days | 48 | 75 | 81 | 99 | 124 | 153 |
| Days Payable | 26 | 26 | 14 | 25 | 17 | 26 |
| Cash Conversion Cycle | 77 | 110 | 114 | 116 | 141 | 178 |
| Working Capital Days | 20 | 30 | 33 | 34 | 74 | 90 |
| ROCE % | 11% | 10% | 19% | 16% | 11% |