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Mahamaya Steel Industries Ltd

Mahamaya Steel Industries Ltd (MAHASTEEL)

₹112.6▲0.53%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Mahamaya Steel Industries Ltd share Performance

₹110.6
₹118
₹112.6
1.78%
Low
Day's Volatility:6.57%
High
4.80%
₹61.05
₹144.45
₹112.6
45.78%
Low
52 Weeks Volatility:74.07%
High
28.29%

Returns %
1 Month Return	+ 6.08 %
3 Month Return	-3.47 %
1 Year Return	+ 82.35 %

Market Stats
Previous Close	₹₹113.20
Open	₹₹116.05
Volume	₹6,538.00
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹186.04Cr

Company Information

Rajesh Strips Ltd is a leading manufacturer of mild steel MS products like channels strips girders and flats. Founded in 1990 and head quartered in Raipur Madhya Pradesh, Rajesh Strips initially went public in February 1994 to finance an expansion program which saw its capacity increase from 50000 tpa to 105000 tpa of steel structurals and 10500 tpa of steel strip coils. To further increase its capacity, the company upgraded its single drive system to a double drive system in 1995-96. Additionally, they successfully implemented a 3 MW power project in 1998-99. Furthermore, a 610 MM Heavy Structural Rolling Mill was set up in 1997-98 at the estimated cost of Rs 17.12 crores. These upgrades have enabled Rajesh Strips to provide more efficiency to its customers while also allowing them to successfully take-over Raipur Ferro Alloys P Ltd and adding their production capabilities to the company through its Casting Division.

Share Price: ₹112.60 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹186.04Cr as of today
Revenue: ₹180.24Cr as on December 2023 (Q4 23)
Net Profit: ₹2.08Cr as on December 2023 (Q4 23)
Listing date: 01 Jul, 2016

Organisation	Mahamaya Steel Industries Ltd
Headquarters
Industry	Steel
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Key events for Mahamaya Steel Industries Ltd

Mahamaya Steel Industries Faces Capital Allocation Issues - 11 May, 2024
Mahamaya Steel Industries' Return on Capital Employed (ROCE) is 5.6%, underperforming the industry average of 15%. The trend of lower returns suggests that the company is not a growth stock, and its stock has fallen by 25% over the last five years.

Fundamentals of Mahamaya Steel Industries Ltd

Insights on Mahamaya Steel Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 26.55% to 26.59% in Mar 2024 quarter
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 1.55 Cr → 2.08 Cr (in ₹), with an average increase of 25.5% per quarter
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 73.41% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, NMDC Ltd has given 166.4% return, outperforming this stock by 84.1%
NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 153.5% return, outperforming this stock by 126.6%
NEGATIVE IMPACT
Price Dip
In the last 7 days, MAHASTEEL stock has moved down by -4.6%
NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 3 quarters, 221.01 Cr → 181.78 Cr (in ₹), with an average decrease of 9.1% per quarter
NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 0.04% to 0.00% in Mar 2024 quarter