Mittal Sections Ltd
Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products.[1]
- Market Cap ₹ 33.3 Cr.
- Current Price ₹ 28.8
- High / Low ₹ 114 / 25.0
- Stock P/E 9.91
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 26.0 %
- ROE 42.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
Cons
* 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
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 89 | 149 | 167 | 161 | 137 | 139 | |
| 87 | 146 | 164 | 156 | 129 | 131 | |
| Operating Profit | 2 | 3 | 3 | 5 | 8 | 8 |
| OPM % | 2% | 2% | 2% | 3% | 6% | 5% |
| 0 | 0 | 0 | 0 | 0 | -0 | |
| Interest | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -1 | 1 | 1 | 3 | 5 | 5 |
| Tax % | -26% | 25% | 26% | 27% | 30% | |
| -1 | 1 | 1 | 2 | 4 | 3 | |
| EPS in Rs | -2.33 | 2.29 | 2.14 | 7.21 | 4.59 | 4.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| TTM: | -15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 87% |
| TTM: | 90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 32% |
| Last Year: | 42% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 8 | 8 |
| Reserves | 1 | 2 | 2 | 4 | 2 | 5 |
| 18 | 14 | 20 | 15 | 21 | 27 | |
| 5 | 14 | 8 | 7 | 14 | 17 | |
| Total Liabilities | 27 | 32 | 33 | 29 | 45 | 57 |
| 8 | 8 | 8 | 8 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 4 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 | 24 | 25 | 21 | 34 | 46 | |
| Total Assets | 27 | 32 | 33 | 29 | 45 | 57 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -3 | 7 | -4 | 7 | 0 | |
| -0 | -1 | -1 | -0 | -4 | |
| 3 | -6 | 5 | -7 | 4 | |
| Net Cash Flow | -0 | -0 | -0 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 24 | 17 | 18 | 12 | 30 |
| Inventory Days | 40 | 34 | 29 | 16 | 19 |
| Days Payable | 23 | 37 | 16 | 13 | 34 |
| Cash Conversion Cycle | 41 | 14 | 31 | 15 | 15 |
| Working Capital Days | 8 | 4 | 9 | 8 | 29 |
| ROCE % | 11% | 11% | 19% | 26% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Installed Production Capacity MTPA |
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| Geographical Revenue Concentration - Gujarat % |
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| Overall Capacity Utilization % |
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| Total Production Volume MT |
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| Product SKUs Number |
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| Total Permanent Employees Number |
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Documents
Announcements
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Board Meeting Outcome for Revised Outcome
28 Feb - CS Hirenkumar B. Patel resigns effective 31-Dec-2025; Gunjan Rameena appointed CS & Compliance Officer effective 01-Jan-2026.
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Announcement under Regulation 30 (LODR)-Cessation
28 Feb - Hirenkumar B. Patel resigned effective 31-Dec-2025; Gunjan Rameena appointed Company Secretary & Compliance Officer effective 1-Jan-2026.
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Submission Of Resignation Letter Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
28 Feb - CS Hirenkumar B. Patel resigned w.e.f. 31-Dec-2025; Gunjan Rameena appointed CS & Compliance Officer effective 01-Jan-2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Feb - CARE report on Rs52.91cr IPO: <10% deviation; Rs0.29cr excess working-capital use; Rs15.75cr unutilized in FDs.
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Announcement Under Regulation 30 (LODR) - Outcome Of Board Meeting And Intimation Of Appointment Of Secretarial Auditors, Internal Auditors & Tax Auditors Of The Company Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
4 Feb - Board appointed V.N. Vasani (secretarial), Nirav D. Shah & Co. (internal 2025-26–2029-30), Milind Nyati & Co. on 02/02/2026.
Business Profile[1]
Mittal Sections manufactures mild steel (MS) structural products under the registered brand MSL-MITTAL. The company manufactures and markets an extensive range of Mild Steel sections and structural steel products such as MS Flat Bars, Round Bars, Angles, and Channels.