SSelectStock

MAHASTEELMahamaya Steel Industries Limited

Metals · Steel · NSE · as of 2026-10-26 (delayed ~30 min in market hours)

Mahamaya Steel Industries Limited engages in the manufacture and sale of steel structures products in India. The company provides I-beams, angles, H-beams, joists, channels, billets, blooms, rounds, squares, flats, railway sleepers, strips, girders, sponge iron, pig iron, end cutting, angle, scrap, coal, and other related products for construction, automobile, railway, and power industries. The company was formerly known as Rajesh Strips Limited and changed its name to Mahamaya Steel Industries Limited in 2009. Mahamaya Steel Industries Limited was incorporated in 1988 and is based in Raipur, India.

₹1,492.00
▲ 1.26%
62Decent

Mkt Cap
₹2,452 Cr
P/E
245.0
P/B
15.4
Div Yield
0.00%
52W High
₹1,535.20
52W Low
₹550.05

Price & Volume

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Key Ratios

Market Cap (₹ cr)2,452.00
P/E244.99
P/B15.42
PEG10.86
ROE %6.00
ROCE %6.80
Debt / Equity0.37
EPS6.09
Revenue Growth %29.30
Profit Growth %22.60
Dividend Yield %0.00
Promoter Holding %86.12
FII Holding %0.00
DII Holding %—
Beta-0.36

“—” means the figure isn't meaningful or isn't published for this company: ROE and Debt/Equity are undefined when shareholder equity is negative (check P/B — negative means negative equity), and DII/MF holding splits aren't provided by our current data source.

Active Pattern Signals

None of the 16 pattern scanners currently detects a setup on MAHASTEEL — signals appear here automatically when one forms (checked on every data refresh). The Trade Plan on the right always provides stop-loss and target levels regardless.

AVOIDConviction 60%

Why avoid

  • • Risk gate: safety score is only 24/100 — volatility, drawdown or liquidity is too poor for a buy call, whatever the chart says
  • • ROE: 6.0%
  • • ROCE: 6.8%
  • • Volume: 1.0x 20-day average
  • • Volume trend: 0.8x baseline

Bull case

  • • Revenue growth: 29.3% YoY
  • • Profit growth: 22.6% YoY
  • • Debt/Equity: 0.37
  • • RSI: 75

Bear case

  • • ROE: 6.0%
  • • ROCE: 6.8%
  • • Volume: 1.0x 20-day average
  • • Volume trend: 0.8x baseline

Key risks

  • • Elevated volatility / drawdown profile — size positions accordingly
  • • ROE: 6.0%
  • • ROCE: 6.8%

Algorithmic analysis for research only — not SEBI-registered investment advice.

Trade Plan

Entry (CMP)
₹1,492.00
Stop Loss
₹1,310.70
risk 12.2%
Target 1 (1.5R)
₹1,763.95
+18.2%
Target 2 (3R)
₹2,035.90
+36.5%
Support (20d)
₹1,045.70
Resistance (52w)
₹1,535.20
Risk : Reward
1 : 1.5 → 1 : 3
risking ₹181.30/share
ATR (volatility)
₹72.52
avg daily range

Stop = 20-day support with a 2.5×ATR risk cap (ATR ₹72.52). Levels recompute on every data refresh. Position sizing and execution are yours — this is analysis, not advice.

Score Breakdown

Fundamental50
Technical76
Momentum85
Risk (safety)24

Peers — Metals

IGIL▲ 1.09%
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KRISHANA▲ 2.70%
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GFSTEELS▼ 1.98%
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SHYAMMETL▼ 0.45%
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JSWSTEEL▲ 6.28%
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SAMBHV▲ 0.36%
67