MSP Steel & Power Ltd

MSP Steel & Power Ltd

₹ 31.3 -1.48%
02 Mar - close price
About

Incorporated in 1968, MSP Steel & Power
Ltd manufactures and sells of iron and steel products and does generation of power[1]

Key Points

Business Overview:[1]
MSPSPL manufactures sponge iron and trades in steel products which includes construction bars, structural rolling mills, M.S Billet, power, pallet and sponge iron. It also deals in power generation

  • Market Cap 1,775 Cr.
  • Current Price 31.3
  • High / Low 41.2 / 23.6
  • Stock P/E 112
  • Book Value 16.0
  • Dividend Yield 0.00 %
  • ROCE 6.41 %
  • ROE -3.84 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Promoter holding has increased by 2.49% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -3.69% over last 3 years.
  • Promoters have pledged 76.0% of their holding.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -3.89%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
661.65 677.42 671.12 673.59 780.74 748.41 772.00 656.17 716.85 760.07 710.86 676.86 638.92
631.55 623.51 638.32 644.88 741.54 723.71 728.73 629.64 697.59 715.80 665.96 654.09 606.40
Operating Profit 30.10 53.91 32.80 28.71 39.20 24.70 43.27 26.53 19.26 44.27 44.90 22.77 32.52
OPM % 4.55% 7.96% 4.89% 4.26% 5.02% 3.30% 5.60% 4.04% 2.69% 5.82% 6.32% 3.36% 5.09%
0.62 9.52 4.23 9.70 6.71 17.72 1.18 0.28 0.46 1.82 0.54 -99.72 -0.61
Interest 19.28 25.67 16.86 20.32 25.37 25.09 20.58 22.05 15.89 22.60 10.23 9.83 10.82
Depreciation 13.64 13.32 13.96 14.36 13.83 13.26 13.64 13.22 13.50 13.39 13.68 13.72 13.81
Profit before tax -2.20 24.44 6.21 3.73 6.71 4.07 10.23 -8.46 -9.67 10.10 21.53 -100.50 7.28
Tax % -209.55% 20.83% 77.29% 143.70% 77.94% -222.36% 33.82% 12.77% -185.42% 438.71% 17.14% -25.60% 24.73%
2.41 19.35 1.41 -1.63 1.49 13.12 6.77 -9.54 8.26 -34.20 17.84 -74.77 5.47
EPS in Rs 0.06 0.50 0.04 -0.04 0.04 0.34 0.18 -0.20 0.15 -0.60 0.31 -1.32 0.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,191 1,090 902 849 1,160 1,670 1,533 1,723 2,340 2,550 2,874 2,905 2,787
1,032 1,084 913 775 1,043 1,539 1,462 1,581 2,184 2,487 2,748 2,772 2,642
Operating Profit 159 6 -11 75 117 130 71 142 155 64 125 133 144
OPM % 13% 1% -1% 9% 10% 8% 5% 8% 7% 2% 4% 5% 5%
36 5 2 1 7 1 1 1 12 12 38 4 -98
Interest 109 109 118 123 129 79 86 79 74 82 88 81 53
Depreciation 55 53 63 56 57 55 54 55 54 54 55 54 55
Profit before tax 32 -151 -191 -104 -62 -2 -68 9 38 -60 21 2 -62
Tax % 34% -32% -5% -10% -10% 961% 11% 42% 11% -11% 31% 1,399%
21 -103 -182 -94 -56 -21 -76 5 34 -54 14 -29 -86
EPS in Rs 2.38 -11.64 -20.71 -10.62 -1.45 -0.53 -1.96 0.13 0.88 -1.39 0.37 -0.51 -1.51
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 14%
3 Years: 7%
TTM: -4%
Compounded Profit Growth
10 Years: 6%
5 Years: 10%
3 Years: %
TTM: -15%
Stock Price CAGR
10 Years: 12%
5 Years: 34%
3 Years: 53%
1 Year: 33%
Return on Equity
10 Years: -8%
5 Years: -1%
3 Years: -4%
Last Year: -4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 88 88 88 88 385 385 385 385 385 385 385 567 567
Reserves 594 491 420 328 249 228 163 168 202 151 163 378 343
1,064 1,173 1,142 1,202 913 884 891 796 856 830 812 293 281
285 166 113 171 221 182 280 153 307 276 273 293 309
Total Liabilities 2,030 1,918 1,763 1,788 1,769 1,679 1,719 1,502 1,750 1,643 1,634 1,531 1,499
999 1,137 1,126 1,070 1,013 959 906 855 826 826 816 790 779
CWIP 152 49 0 0 0 1 1 1 0 0 0 0 14
Investments 33 33 47 48 33 33 33 33 41 44 43 45 45
846 700 590 670 722 686 779 614 883 773 775 696 662
Total Assets 2,030 1,918 1,763 1,788 1,769 1,679 1,719 1,502 1,750 1,643 1,634 1,531 1,499

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
222 21 40 73 147 94 74 181 110 86 170 189
-167 -64 -21 1 -19 14 3 -4 -62 -18 -51 -33
-56 60 -35 -61 -122 -108 -79 -177 -11 -105 -104 -178
Net Cash Flow -0 17 -16 13 6 0 -2 -0 37 -37 15 -22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 59 34 44 58 33 24 17 12 11 11 9 9
Inventory Days 123 128 130 175 149 108 160 104 89 84 78 74
Days Payable 64 46 33 70 78 46 55 34 52 36 34 36
Cash Conversion Cycle 117 116 142 163 104 87 122 82 48 59 52 47
Working Capital Days 18 75 53 38 32 31 34 38 23 19 14 15
ROCE % 8% -2% -4% 1% 4% 5% 1% 6% 7% 2% 8% 6%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
MS Billets Production Volume
MT

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Pellets Production Volume
MT
Sponge Iron Production Volume
MT
TMT Bars Production Volume
MT
Capacity Utilization - Sponge Iron
%
Captive Power Plant Capacity
MW

Shareholding Pattern

Numbers in percentages

26 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
41.61% 41.61% 41.61% 41.61% 41.61% 42.34% 42.34% 36.85% 35.24% 35.24% 35.24% 37.74%
0.00% 0.00% 0.00% 0.00% 0.16% 0.33% 1.10% 0.52% 0.40% 0.18% 0.19% 0.37%
16.60% 16.60% 8.96% 3.14% 3.14% 3.17% 1.91% 12.90% 16.70% 16.70% 16.70% 16.70%
41.79% 41.79% 49.43% 55.24% 55.08% 54.16% 54.65% 49.71% 47.65% 47.87% 47.87% 45.18%
No. of Shareholders 57,69057,53654,76448,60049,66051,68758,97059,46059,21158,80459,60957,646

* 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.

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