Modern Steels Ltd
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.
- Market Cap ₹ 29.7 Cr.
- Current Price ₹ 21.6
- High / Low ₹ 37.4 / 12.6
- Stock P/E 13.9
- Book Value ₹ 9.05
- Dividend Yield 0.00 %
- ROCE 203 %
- ROE 358 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Tax rate seems low
- Contingent liabilities of Rs.12.8 Cr.
- Earnings include an other income of Rs.3.35 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
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
331.75 | 257.67 | 259.13 | 313.00 | 261.73 | 309.01 | 376.06 | 321.57 | 211.46 | 83.53 | 102.04 | 0.00 | 0.00 | |
325.79 | 260.94 | 253.87 | 307.43 | 248.45 | 303.92 | 400.76 | 341.69 | 257.37 | 104.41 | 101.84 | 0.55 | 1.27 | |
Operating Profit | 5.96 | -3.27 | 5.26 | 5.57 | 13.28 | 5.09 | -24.70 | -20.12 | -45.91 | -20.88 | 0.20 | -0.55 | -1.27 |
OPM % | 1.80% | -1.27% | 2.03% | 1.78% | 5.07% | 1.65% | -6.57% | -6.26% | -21.71% | -25.00% | 0.20% | ||
3.41 | 4.65 | 3.67 | 6.89 | 2.00 | 2.55 | 1.66 | 1.85 | 0.38 | 3.71 | 80.38 | 14.62 | 3.35 | |
Interest | 19.23 | 16.77 | 19.84 | 25.03 | 27.13 | 4.86 | 1.79 | 1.77 | 0.39 | 0.46 | 0.86 | 0.24 | 0.00 |
Depreciation | 4.41 | 4.68 | 4.67 | 5.83 | 5.39 | 5.36 | 5.41 | 5.17 | 4.86 | 4.87 | 3.59 | 0.00 | 0.00 |
Profit before tax | -14.27 | -20.07 | -15.58 | -18.40 | -17.24 | -2.58 | -30.24 | -25.21 | -50.78 | -22.50 | 76.13 | 13.83 | 2.08 |
Tax % | 31.25% | 31.64% | 31.51% | 33.91% | -94.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
-9.81 | -13.72 | -10.67 | -12.16 | -33.57 | -2.58 | -30.24 | -25.21 | -50.78 | -22.50 | 76.13 | 13.83 | 2.08 | |
EPS in Rs | -7.79 | -10.90 | -8.47 | -8.84 | -24.39 | -1.87 | -21.97 | -18.32 | -36.90 | -16.35 | 55.32 | 10.05 | 1.51 |
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: | -100% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 21% |
3 Years: | 33% |
TTM: | -98% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 85% |
1 Year: | 58% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 358% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12.60 | 12.60 | 12.60 | 13.76 | 13.76 | 13.76 | 13.76 | 13.76 | 13.76 | 13.76 | 13.77 | 13.77 | 14.40 |
Reserves | 35.34 | 20.99 | 10.32 | 9.33 | -24.24 | -24.82 | -57.36 | -82.65 | -132.01 | -92.91 | -15.41 | -1.58 | -1.94 |
112.07 | 113.06 | 160.27 | 173.78 | 185.33 | 187.59 | 189.20 | 186.91 | 184.63 | 52.86 | 7.04 | 1.27 | 1.27 | |
39.00 | 36.26 | 49.86 | 63.61 | 46.71 | 58.60 | 43.76 | 52.39 | 46.29 | 121.35 | 0.97 | 0.82 | 0.27 | |
Total Liabilities | 199.01 | 182.91 | 233.05 | 260.48 | 221.56 | 235.13 | 189.36 | 170.41 | 112.67 | 95.06 | 6.37 | 14.28 | 14.00 |
50.62 | 52.97 | 51.26 | 77.66 | 72.90 | 68.50 | 62.52 | 59.13 | 54.57 | 49.99 | 0.06 | 0.06 | 0.06 | |
CWIP | 3.60 | 1.31 | 21.22 | 0.00 | 0.00 | 0.00 | 0.28 | 0.28 | 0.28 | 0.67 | 0.00 | 0.00 | 0.00 |
Investments | 7.03 | 7.03 | 7.03 | 4.85 | 4.85 | 0.03 | 0.13 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
137.76 | 121.60 | 153.54 | 177.97 | 143.81 | 166.60 | 126.43 | 110.97 | 57.79 | 44.37 | 6.28 | 14.19 | 13.91 | |
Total Assets | 199.01 | 182.91 | 233.05 | 260.48 | 221.56 | 235.13 | 189.36 | 170.41 | 112.67 | 95.06 | 6.37 | 14.28 | 14.00 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19.77 | 10.91 | -13.53 | 9.25 | 16.60 | -12.50 | -10.98 | 3.48 | 1.29 | 132.73 | -3.31 | 0.34 | |
-6.26 | -0.79 | -19.48 | -1.46 | 1.03 | 9.07 | 2.27 | -0.11 | 0.07 | -0.44 | 52.47 | 0.00 | |
-12.92 | -10.06 | 36.05 | -10.58 | -19.07 | 12.91 | -0.06 | -4.06 | -2.27 | -132.37 | -48.87 | -0.24 | |
Net Cash Flow | 0.59 | 0.06 | 3.04 | -2.79 | -1.44 | 9.48 | -8.77 | -0.69 | -0.91 | -0.08 | 0.29 | 0.10 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 75.89 | 75.23 | 88.75 | 93.94 | 91.39 | 98.56 | 70.25 | 63.72 | 43.45 | 61.79 | 0.00 | |
Inventory Days | 77.57 | 83.69 | 123.66 | 113.70 | 160.19 | 122.99 | 67.75 | 76.63 | 57.97 | 244.42 | 0.00 | |
Days Payable | 47.55 | 57.02 | 66.33 | 91.65 | 82.25 | 96.55 | 37.13 | 65.59 | 88.16 | 454.07 | ||
Cash Conversion Cycle | 105.91 | 101.90 | 146.08 | 116.00 | 169.33 | 125.00 | 100.86 | 74.77 | 13.26 | -147.86 | 0.00 | |
Working Capital Days | 92.64 | 93.00 | 119.83 | 86.08 | 96.71 | 105.16 | -108.87 | -151.13 | -303.21 | -347.70 | 19.78 | |
ROCE % | 3.07% | -2.18% | 2.54% | 1.66% | 5.35% | 1.08% | -17.66% | -17.78% | -54.65% | -109.95% | 202.86% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 16 Apr
- SUBMISSION OF CERTIFICATE UNDER REGULATION 40(9) OF SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENT) REGULATIONS, 2015 16 Apr
- Shareholder Meeting / Postal Ballot-Outcome of AGM 9 Apr
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Clarification On Price Movement
8 Apr - BSE Letter No. L/SURV/ONL/PV/NS/2024-25/4087 dated 06.04.2024 seeking clarification on Price Movement of our security on your exchange. please note that we are in no way …
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Compliance Certificate For The Period Ended March, 2024
8 Apr - Compliance Certificate under regulation 7(3) of SEBI(Listing Obligation and Disclosure Requirement) Regulations, 2015. This is for your information.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Products Portfolio:[1]
The company manufactures Steel Rolled products consisting of Alloy Bars / Rounds and Non Alloy Bars / Rounds.