Maiden Forgings Ltd.
BBSE:MAIDEN95.70
INR
+0.70
(+0.74%)
ISIN
INE0O1T01010
Return %
Stock
S&P 500
1Y
19.63
14.20
3Y
-8.25
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Nishant Garg
- Full Time Employees
- 98
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- E-201, Kavi Nagar Industrial Area Ghaziabad UP India 201002
- IPO Date
- Apr 6, 2023
- Website
- maidenforgings.in
- Similar Companies
- Business
- Maiden Forgings Limited is a manufacturer and supplier of ferrous metal products headquartered in Ghaziabad, Delhi-NCR, India. Founded in 1989 and incorporated as a public limited company in 2005, the company specializes in a diversified range of steel products, including stainless steel bright bars; carbon steel bars; alloy steel bars; steel wires and profiles; stainless steel wires and profiles; ground bars; and nails including bulk nails, wire-collated nails, and plastic strip nails. Maiden Forgings serves multiple industries such as engineering components, auto components, construction, defense, and home appliances across India. The company operates manufacturing plants across multiple locations in Ghaziabad and recently acquired approximately 4 acres of land to consolidate and expand its manufacturing facilities, aiming to boost operational efficiencies and increase capacity. This expansion includes plans to install new machinery and utilize advanced technologies such as solar energy to reduce operational costs. Maiden Forgings also shifted strategic focus to capitalize on the domestic market, notably expecting significant revenue growth from its collated nails product line. Additionally, Maiden Forgings became officially registered as a supplier with the Ordnance Factory Board, enhancing its presence in the defense sector. The company was listed on the BSE SME platform in April 2023 and targets to be gross debt-free by the end of FY 2024-25 following its consolidation and expansion initiatives. These recent operational and strategic developments position Maiden Forgings as a growing and diversified steel product manufacturer with a comprehensive portfolio and expanding footprint in the Indian market. Its broad product range and focus on innovation and operational scale expansion underpin its market presence in the ferrous metals industry.