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Mahamaya Steel Industries
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Mahamaya Steel Industries Ltd. (Formerly known Rajesh Strips Ltd) was established in May, 1988. Mahamaya Steel Industry a major industry in the group, is presently manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers etc. It has high capacity structural rolling mills with full fledged supportive SMS. Its manufacturing facilities are located at Raipur, Madhya Pradesh.
The company came out with a public issue in Feb.'94 to part-finance its expansion-cum-modernisation programme to manufacture 50,000 tpa of steel structurals and 10,500 tpa of steel strip coils. The expanded capacity went on stream in Mar.'94.
In 1995-96, the company expanded by converting its single drive system to double drive operation system for higher capacity utilisation. It also proposed to install a heavy structure mill of 1,05,000 tpa and put up facilities to produce heavy structures.
In the year 1996-97 the company has undertaken a project of 610 MM Heavy Structural Rolling Mill at Raipur with the total project cost estimated to be Rs 17.12 crores. Also the company has successfully implemented a power project of 3 MW capacity.
In 2001-02, the Company took over the operations of Raipur Ferro Alloys (P) Ltd., effective from 01 April 1998 under the name of 'Casting Division' through the Scheme of Merger, which was transferred to Bilaspur High Court in Chhattisgarh, where the Company is situated came into existence. Only Unit-ll, heavy structural mill of the Company was in operation during the year 2002-03.
During the year 2005-06, the newly installed Oxygen Gas Plant commenced its operations. In 2007-08, the Company got into an agreement with Steel Authority of India Limited (SAIL) for conversion of its structural products. During the month of June 2008, the Company commissioned the first phase of expansion of Steel Melting Shop (SMS) Plant by adding production capacity 1,50,000 MT per annum. It started expansion project of New Heavy Structural Mill Project. The name of Company was changed from Rajesh Strips Limited to Mahamaya Steel Industries Limited in 2008-09. The Company implemented a New Furnace in Steel Melting Shop in March, 2011.
During the year 2020-21, the entire manufacturing /Plant unit of the Associate Company was sold including the portion of leasehold land through which the plant was constructed for a consideration costing Rs. 10 Crores on 31st December, 2020.
Mahamaya Steel Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Mahamaya Steel Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Mahamaya Steel Industries is valued compared to its competitors.
Mahamaya Steel Industries PE ratio helps investors understand what is the market value of each stock compared to Mahamaya Steel Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Mahamaya Steel Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Mahamaya Steel Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Mahamaya Steel Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Mahamaya Steel Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Mahamaya Steel Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Mahamaya Steel Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Mahamaya Steel Industries helps investors get an insight into when they can enter or exit the stock. Key components of Mahamaya Steel Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Mahamaya Steel Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Mahamaya Steel Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Mahamaya Steel Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Mahamaya Steel Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Mahamaya Steel Industries .
The balance sheet presents a snapshot of Mahamaya Steel Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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