Modern Steels Ltd

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Modern Steels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Modern Steels Ltd

₹ 11.5 3.14%
26 Oct - close price
modernsteels.com BSE: 513303
About

Established in 1974, Modern Steel Ltd. manufactures low-alloy and carbon-steel-rolled products for commercial vehicles, such as trucks and tractors, passenger vehicles, two-wheelers, and engineering companies.

Key Points

Business Profile:[1]
As of FY25, the company does not have any business.

Website BSE
  • Market Cap ₹ 15.8 Cr.
  • Current Price ₹ 11.5
  • High / Low ₹ 17.9 / 10.4
  • Stock P/E 10.7
  • Book Value ₹ 14.2
  • Dividend Yield 0.00 %
  • ROCE 5.71 %
  • ROE 5.77 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.81 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 12.9% over last 3 years.
  • Earnings include an other income of Rs.2.44 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

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Quarterly Results

Figures in Rs. Crores

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.25 0.26 0.26 0.25 0.26 0.25 0.29 0.24 0.23 0.20 0.26 0.22 0.27
Operating Profit -0.25 -0.26 -0.26 -0.25 -0.26 -0.25 -0.29 -0.24 -0.23 -0.20 -0.26 -0.22 -0.27
OPM %
0.25 0.21 1.23 0.22 0.22 0.23 4.82 0.47 0.31 0.30 0.93 0.58 0.63
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
Profit before tax 0.00 -0.05 0.97 -0.03 -0.04 -0.02 4.53 0.23 0.08 0.10 0.66 0.36 0.36
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00 -0.05 0.97 -0.03 -0.04 -0.02 4.53 0.23 0.08 0.10 0.66 0.36 0.36
EPS in Rs 0.00 -0.04 0.70 -0.02 -0.03 -0.01 3.29 0.17 0.06 0.07 0.48 0.26 0.26
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
313.00 261.73 309.01 376.06 321.57 211.46 83.53 102.04 0.00 0.00 0.00 0.00 0.00
307.43 248.45 303.92 400.76 341.69 257.37 104.41 101.84 0.55 1.29 1.05 0.94 0.95
Operating Profit 5.57 13.28 5.09 -24.70 -20.12 -45.91 -20.88 0.20 -0.55 -1.29 -1.05 -0.94 -0.95
OPM % 1.78% 5.07% 1.65% -6.57% -6.26% -21.71% -25.00% 0.20%
6.89 2.00 2.55 1.66 1.85 0.38 3.71 80.38 14.62 1.87 5.49 2.01 2.44
Interest 25.03 27.13 4.86 1.79 1.77 0.39 0.46 0.86 0.24 0.00 0.00 0.00 0.00
Depreciation 5.83 5.39 5.36 5.41 5.17 4.86 4.87 3.59 0.00 0.00 0.00 0.01 0.01
Profit before tax -18.40 -17.24 -2.58 -30.24 -25.21 -50.78 -22.50 76.13 13.83 0.58 4.44 1.06 1.48
Tax % -33.91% 94.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-12.16 -33.57 -2.58 -30.24 -25.21 -50.78 -22.50 76.13 13.83 0.58 4.44 1.06 1.48
EPS in Rs -8.84 -24.39 -1.87 -21.97 -18.32 -36.90 -16.35 55.32 10.05 0.42 3.23 0.77 1.07
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 7%
5 Years: 15%
3 Years: -62%
TTM: -69%
Stock Price CAGR
10 Years: 5%
5 Years: 25%
3 Years: -13%
1 Year: -34%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 13.76 13.76 13.76 13.76 13.76 13.76 13.76 13.77 13.77 13.77 13.77 14.40 14.40
Reserves 9.97 -23.60 -24.18 -56.72 -82.01 -131.37 -92.27 -14.77 -0.94 -0.37 4.07 4.49 5.21
173.78 185.33 187.59 189.20 186.91 184.63 52.86 7.04 1.27 0.20 0.20 0.21 0.21
62.97 46.07 57.96 43.12 51.75 45.65 120.71 0.33 0.18 0.31 0.76 0.77 0.56
Total Liabilities 260.48 221.56 235.13 189.36 170.41 112.67 95.06 6.37 14.28 13.91 18.80 19.87 20.38
77.66 72.90 68.50 62.52 59.13 54.57 49.99 0.06 0.06 0.06 0.06 0.05 0.05
CWIP 0.00 0.00 0.00 0.28 0.28 0.28 0.67 0.00 0.00 0.00 0.00 0.00 0.00
Investments 4.85 4.85 0.03 0.13 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
177.97 143.81 166.60 126.43 110.97 57.79 44.37 6.28 14.19 13.82 18.71 19.79 20.30
Total Assets 260.48 221.56 235.13 189.36 170.41 112.67 95.06 6.37 14.28 13.91 18.80 19.87 20.38

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
9.25 16.60 -12.50 -10.98 3.48 1.29 132.73 -3.31 0.34 3.27 3.63 0.15
-1.46 1.03 9.07 2.27 -0.11 0.07 -0.44 52.47 0.00 -1.73 -4.56 -0.14
-10.58 -19.07 12.91 -0.06 -4.06 -2.27 -132.37 -48.87 -0.24 -1.07 0.00 0.00
Net Cash Flow -2.79 -1.44 9.48 -8.77 -0.69 -0.91 -0.08 0.29 0.10 0.46 -0.93 0.01
Free Cash Flow -1.74 15.97 -13.18 -10.71 1.70 0.99 132.06 49.00 0.34 3.27 3.63 0.15
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 172% 127% -242% 44% -16% -3% -633% -3,030% -62% -253% -346% -16%

Ratios

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 93.94 91.39 98.56 70.25 63.72 43.45 61.79 0.00
Inventory Days 113.70 160.19 122.99 67.75 76.63 57.97 244.42 0.00
Days Payable 91.65 82.25 96.55 37.13 65.59 88.16 454.07
Cash Conversion Cycle 116.00 169.33 125.00 100.86 74.77 13.26 -147.86 0.00
Working Capital Days -4.27 -40.01 -13.31 -108.87 -151.13 -303.21 -578.68 -5.40
ROCE % 1.61% 5.34% 1.08% -17.59% -17.70% -54.28% -106.55% 189.97% 4.19% 28.07% 5.71%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Concast Billets Production
MT

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Ingots Production
MT
Rolled Products Production (with Oil + with Coal)
MT
Electricity Purchased
kWh
Per-tonne Electricity Consumption for Concast Billets
units/MT
Per-tonne Furnace Oil Consumption for Concast Billets
kg/MT
Per-tonne Steam Coal Consumption for Rolled Products (with Coal)
kg/MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
34.42% 34.42% 34.40% 34.40% 34.42% 34.42% 34.42% 34.42% 34.43% 34.41% 34.42% 34.41%
No. of Shareholders 8,6999,2259,4909,7329,7919,7949,8009,7859,7229,6779,7199,571

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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