Maiden Forgings Ltd. · BSE:MAIDEN
Maiden Forgings — H2 FY25 Earnings Presentation
42 slides from Maiden Forgings's earnings presentation, Jun 2, 2025
Slide 1: Submission letter to BSE on investor presentation
June 02, 2025 To, Department of Corporate Services/Listing BSE LIMITED 25th Floor, PJ Towers Dalal Street Mumbai-400001 Subject: Submission of Investor Presentation on Audited Financial Results of the Company for financial year ended March 31, 2025 Scrip Code: 543874 Dear Sir/Madam, Pursuant to Regu
Slide 2: Maiden Forgings Limited Investor Presentation H2 FY25
Maiden Forgings Limited Investor Presentation H2 FY25
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Maiden Forgings Limited solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or
Slide 4: H2 FY25 Financial Highlights
H2 FY25 Financial Highlights
Slide 5: H2 FY25 Key Financial Highlights
H2 FY25 Key Financial Highlights 135.00 Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 125.00 121.02 115.00 104.37 105.00 12.78 95.00 10.13 5.54 85.00 10.56 9.71 4.58 75.00 65.00 55.00 2.00 1.92 45.00 35.00 H2 FY24 H2 FY25 H2 FY24 H2 FY25 H2 FY24 H2 FY25 All Amount In ₹ Cr & Margins
Slide 6: H2 FY25 Financial Highlight
H2 FY25 Financial Highlight In ₹ Cr Particular H2 FY25 H2 FY24 Y-o-Y Revenues 103.82 120.60 Other Income 0.55 0.42 Total Income 104.37 121.02 (13.75)% Raw Material Costs 87.29 101.29 Employee Costs 1.51 1.46 Other Expenses 5.45 5.49 Total Expenditure 94.24 108.24 EBITDA 10.13 12.78 (20.70)% Finance
Slide 7: FY25 Operational Highlights
FY25 Operational Highlights The Company Got Officially Registered As A Supplier To The Ordnance Factory Board • Specific provision of Guns and Shell Factory items • Valid for five years with automatic renewal In September 2024, The company won its initial order with Ordinance Factory Board, Kolkata
Slide 8: Company Overview
Company Overview
Slide 9: Company Overview
Company Overview Originating in 1988, Maiden Forgings Limited (MFL) embarked on its journey long before its official establishment in 2005. With a wealth of over 35 years of experience, MFL has been a pioneer in the manufacturing of a diverse range of Bright Steel bars and wires, placing a growing e
Slide 10: Key Milestones
Key Milestones 1988 2005 2010 2011 2013 Incorporated Incorporation of Restructuring of Infusion of New Started Sole Proprietor Pvt. Ltd company Shareholding Capital & Expansion Exporting 2019 2018 2017 2016 2015 Received the “Heroes Started Unit 3 & production Started Diversifying Established full E
Slide 11: Management Overview
Management Overview
Slide 12: Management Team
Management Team Mrs Nivedita Garg Mr Nishant Garg Urvi Agarwal Mr. Raj Kumar Mittal Mr. Abhilash Rastogi (Chairman & Director) (Managing Director) (Independent Director) (Independent Director) (Independent Director) • Mrs. Nivedita Garg, a Delhi • Mr. Nishant Garg, an MBA • Urvi Agarwal is a Softwar
Slide 13: Management Team
Management Team Mr. Sanjay Prachla Garg Mr. Mayank Govil Mr. Manish Mittal Mr. Neeraj Naman Bhattacharya (COO) (CFO) (Marketing Head) (Liaison Officer) (Business Strategy & Development Head) • Mr. Sanjay Bhattacharya, a • Prachla Garg is a Post- • Mr. Mayank Govil, a • Mr. Manish Mittal brings post-
Slide 14: Business Overview
Business Overview
Slide 15: Product Mix
Product Mix MFL offers a diverse range of products, from 0.19mm to 100mm, in various steel grades and shapes, making it one of India's few manufacturing facilities with such variety. Also company is expanding its portfolio to include induction wire manufacturing. S.S. ROUND BRIGHT Carbon & Alloy Pla
Slide 16: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities The facility is equipped with modern machinery and an in-house quality testing lab Three Strategically Located State-of-the-art Manufacturing Facilities 12,500 Ghaziabad square yards Location Area The current infrastructure facility is serving more than 450
Slide 17: Efficiency Gains From Plant Consolidation
Efficiency Gains From Plant Consolidation Cost Savings Overview Operational Efficiencies Sustainability Initiative Minimum Monthly Saving of Streamlined Operations Solar Plant Installation ₹ 25,00,000 Improved workflows due to Planned to cover 50% of electricity centralized operations. requirements.
Slide 18: Manufacturing Process
Manufacturing Process Raw Material Washing Straightening Drawing Finish Cutting Packaging Wire Rods, Rolled Polishing After Stretching Rounds, Rolled Hex, cut to required size Rolled Squares Pickling Annealing Cutting Pointing Quality Inspection Dispatch Lime coating/ To get the Phosphating Water ha
Slide 19: Key Differentiators
Key Differentiators Fastest Delivery Model Firm commitment for deliveries The Company produces and delivers Carbon & This strategy gives MFL an unbeatable Alloy steel products within 48 hours of customer loyalty, as the customer doesn’t receiving the orders, whereas, the general have to be scared of
Slide 20: Strategic Focus on Value Added Products
Strategic Focus on Value Added Products DIVERSIFYING PRODUCT PORTFOLIO Plastic Coil Pneumatic Nails and Wire Welded Coil Nails The project aims to produce plastic, paper, and wire collated nails for the global construction industry, with 95% for export. These nails are used in pneumatic nail guns to
Slide 21: Diversified Industry Focus
Diversified Industry Focus 50% 20% 10% 10% 5% Engineering Auto Hardware Furniture Others Industry Sector industry industry Huge variety of All the tier two and tier Lock manufacturers, wire Manufacturers and Unorganized sector for manufacturers ranging three vendors to the auto mesh manufacturer, bo
Slide 22: Strategic Entry Into B2G & Defense Sectors
Strategic Entry Into B2G & Defense Sectors January 2024 The Company decided to get itself registered in vendor list of multiple PSUs & Government sector agencies April 2024 Successfully got registered with Ordinance Factory Board, Kolkata September 2024 The company won its initial order from Ordinan
Slide 23: A Strong Hold On Top Tier Auto & Engineering Suppliers
A Strong Hold On Top Tier Auto & Engineering Suppliers Maiden Forgings Limited has strong partnerships with Tier 1 suppliers to leading automotive manufacturers, including Hero Motocorp, Bajaj, Maruti, Honda, and BMW. The company also supplies to Tier 1 and Tier 2 suppliers for renowned engineering
Slide 24: Fueling Growth With Strategic Partnerships
Fueling Growth With Strategic Partnerships 1 Over the past two years, MFL has exported 6-8% of its products to premium markets in the USA and Europe, with all sales made on an advance payment basis. 2 At the end of 2023, following its IPO, MFL added a NASDAQ top 100 Global Fortune 500 company to its
Slide 25: FY25 Business Highlights
FY25 Business Highlights Total Sales Volume Total Sales Volume Of SS Bright Bars &Nails 29,576 MT 2,303 MT FY25 Annual Volume FY25 Annual Volume Added more than 40 customers in the financial year, while retaining almost all the customers from yesteryear. Also, increased the volumes with even the exi
Slide 26: Future Direction
Future Direction
Slide 27: Strategic Focus Areas For Future Growth
Strategic Focus Areas For Future Growth Higher Margin Product Lines Brand Creation Initiatives SS product value is 4x that of carbon/alloy steel products Diverse Market Presence in B2B, B2C, and B2G segments across India & international markets. Extensive network with online and offline market avail
Slide 28: Enhancing Value With Forward Integration & Digital Transformation
Enhancing Value With Forward Integration & Digital Transformation Forward Integration for Higher Margins Digital & E-Commerce Expansion High-Demand Products The company Recently entered in Amazon India with the launch of coil nails and plans to extend reach to Amazon US, UK, and other networks. MFL
Slide 29: Strategic Initiatives for the Future
Strategic Initiatives for the Future Planning to wok on Planning for supply brand visibility through chain innovation digital marketing Developing a Branding company’s distribution network product in pan India Enter into B2C market Planning to work on Through nail production global alliances Investo
Slide 30: Industry Overview
Industry Overview
Slide 31: Steel Industry Overview
Steel Industry Overview Growing Strategic Entry of Increased Vehicle investment alliances international emphasis on Scrappage Policy companies technological to reduce steel innovations prices STRONG GROWTH OPPORTUNITIES Steel demand from the automotive The new Vehicle Scrappage policy The Smart Citi
Slide 32: Key Investment Rational
Key Investment Rational Operational Strong Financial Entry into B2G Strong Client Global Market Efficiency & Growth Sector Relationships Penetration Expansion • Maiden Forgings has • The company's successful • The acquisition of new • Maiden Forgings • With exports to high- demonstrated consistent r
Slide 33: Steel Production Capacity Has Expanded Rapidly
Steel Production Capacity Has Expanded Rapidly Crude Steel Production Capacity (In Mn Tonnes) Crude Steel Production Capacity in FY20 - By Route (in%) 300 27% 160 171 45% 138 142 142 144 122 128 28% FY16 FY17 FY18 FY19 FY20 FY21 FY23 FY24 FY31P BOF EAF IF In the past 10–12 years, India's steel secto
Slide 34: Steel Production In India Has Been Growing At A Fast Pace
Steel Production In India Has Been Growing At A Fast Pace Total Crude Steel Production (Mn Tonnes) Total Finished Steel Production (Mn Tonnes) 259 139 134 127 121 120 107 101 107 101 95 120 125 118 103 111 109 102 90 98 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25* FY16 FY17 FY18 FY19 FY20 FY21
Slide 35: Financial Overview
Financial Overview
Slide 36: Key Financial Highlights
Key Financial Highlights Total Income EBITDA EBITDA Margin PAT PAT Margin 237.31 221.15 24.07 213.57 22.31 19.91 9.61 9.72 6.05 10.09 10.14 9.32 4.34 4.10 2.83 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 All Amount In ₹ Cr & Margins In % Investor Presentation 35
Slide 37: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particular FY25 FY24 FY23 Revenues 212.91 236.10 220.82 Other Income 0.66 1.21 0.33 Total Income 213.57 237.31 221.15 Raw Material Costs 180.88 199.65 185.16 Employee Costs 2.95 2.99 3.13 Other Expenses 9.83 10.60 10.55 Total Expenditure 193.66 213.24 198.85 EBITDA 19
Slide 38: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY25 FY24 FY23 Assets FY25 FY24 FY23 Equity 14.21 14.21 10.43 Non Current Assets Reserves 62.26 56.75 30.29 Fixed Assets 37.41 29.38 29.21 Net Worth 76.47 70.97 40.72 Non Current Investments 0.00 0.00 0.00 Non Current Liabilities Other Non Current Financi
Slide 39: Key Financial Ratios
Key Financial Ratios Return Ratios In % Leverage Ratios In Times 23.59 3.43 3.32 13.70 2.17 17.35 1.66 14.68 7.91 10.88 0.88 0.91 FY23 FY24 FY25 FY23 FY24 FY25 ROE ROCE Debt - Equity Interest Coverage Asset Turnover Ratio In Times Per Share Matrix In ₹ 53.81 49.93 39.04 7.56 8.03 5.69 6.76 6.84 4.26
Slide 40: Key Financial Ratios
Key Financial Ratios Trade Receivable Turnover Ratio In Times Trade Payable Turnover Ratio In Times 10.61 21.08 8.84 7.17 14.64 14.23 FY23 FY24 FY25 FY23 FY24 FY25 Inventory Turnover Ratio In Times Current Ratio In Times 3.68 1.81 1.82 2.95 1.35 2.39 FY23 FY24 FY25 FY23 FY24 FY25 Investor Presentati
Slide 41: Stock Data
Stock Data BSE: MAIDEN | 543874 Share Holding Pattern As on 29-05-2025 As on 31-03-2025 Share Price (₹) 72.50 26.63% Market Capitalization (₹ Cr) 103.04 Promoters No. of Shares Outstanding 1,42,12,000 Public Face Value (₹) 10.00 73.37% 52-week High-Low (₹) 113.00 – 50.55 Share Performance From 06th
Slide 42: Thank You
Maiden Forgings Limited B-5, Arihant Tower, Block D Market, Vivek Vihar, East Delhi, New Delhi – 110092. cs@maidenforgings.in Email: cs@maidenforgings.in Thank You Phone: +91 120–4221283 www.maidenforgings.in Website: www.maidenforgings.in Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wag