Maiden Forgings Ltd — Updates, 06-06-2025: Company Update

Maiden Forgings Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company discussed its strategic progress including acquiring a 4-acre plot for consolidating two plants, expected to save Rs. 2.5 Cr annually in costs, and plans to install solar power to cover up to 50% of energy needs. Maiden Forgings entered the B2G segment as a registered supplier to the Ordinance Factory Board, securing orders from HAL, NTPC, and BHEL, aligning with defense and infrastructure growth. Recent focus on high-margin products, export market development (notably U.S. and Gulf), and product diversification into GI wires and stainless-steel screws aim to drive 30-35% revenue growth. CAPEX of Rs. 12-14 Cr is planned for consolidation and capacity expansion by 3,000-6,000 tons. Debt reduction remains a priority, with expected surplus cash of Rs. 15-20 Cr post-land sales. Margin improvement is targeted through strengthened product mix and disciplined cost management.