MSP Steel & Power Ltd
Incorporated in 1968, MSP Steel & Power
Ltd manufactures and sells of iron and steel products and does generation of power[1]
- Market Cap ₹ 2,322 Cr.
- Current Price ₹ 41.0
- High / Low ₹ 45.0 / 26.2
- Stock P/E 17.1
- Book Value ₹ 18.1
- Dividend Yield 0.00 %
- ROCE 9.71 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 93.1% CAGR over last 5 years
- Promoter holding has increased by 2.48% over last quarter.
Cons
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 5.32% over last 3 years.
- Promoters have pledged 71.3% of their holding.
* 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 Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,090 | 902 | 849 | 1,160 | 1,670 | 1,533 | 1,723 | 2,340 | 2,550 | 2,874 | 2,905 | 2,843 | |
| 1,084 | 913 | 775 | 1,043 | 1,539 | 1,462 | 1,581 | 2,184 | 2,487 | 2,748 | 2,772 | 2,665 | |
| Operating Profit | 6 | -11 | 75 | 117 | 130 | 71 | 142 | 155 | 64 | 125 | 133 | 178 |
| OPM % | 1% | -1% | 9% | 10% | 8% | 5% | 8% | 7% | 2% | 4% | 5% | 6% |
| 5 | 2 | 1 | 7 | 1 | 1 | 1 | 12 | 12 | 38 | 4 | -99 | |
| Interest | 109 | 118 | 123 | 129 | 79 | 86 | 79 | 74 | 82 | 88 | 81 | 48 |
| Depreciation | 53 | 63 | 56 | 57 | 55 | 54 | 55 | 54 | 54 | 55 | 54 | 55 |
| Profit before tax | -151 | -191 | -104 | -62 | -2 | -68 | 9 | 38 | -60 | 21 | 2 | -24 |
| Tax % | -32% | -5% | -10% | -10% | 961% | 11% | 42% | 11% | -11% | 31% | 1,399% | -244% |
| -103 | -182 | -94 | -56 | -21 | -76 | 5 | 34 | -54 | 14 | -29 | 34 | |
| EPS in Rs | -11.64 | -20.71 | -10.62 | -1.45 | -0.53 | -1.96 | 0.13 | 0.88 | -1.39 | 0.37 | -0.51 | 0.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 4% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 93% |
| 3 Years: | 65% |
| TTM: | 572% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 29% |
| 3 Years: | 66% |
| 1 Year: | 45% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 88 | 88 | 88 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 567 | 567 |
| Reserves | 491 | 420 | 328 | 249 | 228 | 163 | 168 | 202 | 151 | 163 | 378 | 461 |
| 1,173 | 1,142 | 1,202 | 913 | 884 | 891 | 796 | 856 | 830 | 812 | 293 | 320 | |
| 166 | 113 | 171 | 221 | 182 | 280 | 153 | 307 | 276 | 273 | 293 | 376 | |
| Total Liabilities | 1,918 | 1,763 | 1,788 | 1,769 | 1,679 | 1,719 | 1,502 | 1,750 | 1,643 | 1,634 | 1,531 | 1,724 |
| 1,137 | 1,126 | 1,070 | 1,013 | 959 | 906 | 855 | 826 | 826 | 816 | 790 | 793 | |
| CWIP | 49 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 18 |
| Investments | 33 | 47 | 48 | 33 | 33 | 33 | 33 | 41 | 44 | 43 | 45 | 46 |
| 700 | 590 | 670 | 722 | 686 | 779 | 614 | 883 | 773 | 775 | 696 | 866 | |
| Total Assets | 1,918 | 1,763 | 1,788 | 1,769 | 1,679 | 1,719 | 1,502 | 1,750 | 1,643 | 1,634 | 1,531 | 1,724 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 40 | 73 | 147 | 94 | 74 | 181 | 110 | 86 | 170 | 189 | 148 | |
| -64 | -21 | 1 | -19 | 14 | 3 | -4 | -62 | -18 | -51 | -33 | -58 | |
| 60 | -35 | -61 | -122 | -108 | -79 | -177 | -11 | -105 | -104 | -178 | -90 | |
| Net Cash Flow | 17 | -16 | 13 | 6 | 0 | -2 | -0 | 37 | -37 | 15 | -22 | -0 |
| Free Cash Flow | -67 | 36 | 73 | 148 | 92 | 74 | 177 | 85 | 32 | 125 | 156 | 89 |
| CFO/OP | 360% | -369% | 100% | 126% | 73% | 108% | 127% | 72% | 138% | 138% | 144% | 78% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 34 | 44 | 58 | 33 | 24 | 17 | 12 | 11 | 11 | 9 | 9 | 11 |
| Inventory Days | 128 | 130 | 175 | 149 | 108 | 160 | 104 | 89 | 84 | 78 | 74 | 96 |
| Days Payable | 46 | 33 | 70 | 78 | 46 | 55 | 34 | 52 | 36 | 34 | 36 | 53 |
| Cash Conversion Cycle | 116 | 142 | 163 | 104 | 87 | 122 | 82 | 48 | 59 | 52 | 47 | 54 |
| Working Capital Days | 75 | 53 | 38 | 32 | 31 | 34 | 38 | 23 | 19 | 14 | 15 | 12 |
| ROCE % | -2% | -4% | 1% | 4% | 5% | 1% | 6% | 7% | 2% | 8% | 6% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MS Billets Production Volume MT |
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| Pellets Production Volume MT |
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| Sponge Iron Production Volume MT |
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| TMT Bars Production Volume MT |
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| Capacity Utilization - Sponge Iron % |
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| Captive Power Plant Capacity MW |
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Extracted by Screener AI
Documents
Announcements
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Open Market Purchase Of Equity Shares By Promoter Entity
17h - Ginny Traders bought 23.50 lakh shares; Sampat Marketing bought 11.05 lakh shares on 2-3 June 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - MSPL submits copies of newspaper publication wrt Audited Standalone & Consolidated Financial Results for the fourth quarter and year ended on 31st March 2026
-
Outcome Of Board Meeting
30 May - Board approved ₹500 Cr phased Raigarh expansion; FY26 audited results reported ₹3,385 lakh profit.
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Statement Of Deviation & Variation
30 May - Board approved ₹500 crore expansion at Raigarh on 30 May 2026; also approved FY26 audited results.
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Board Meeting Outcome for Outcome Of Board Meeting
30 May - Board approved ₹500 Cr steel plant expansion at Raigarh and audited FY26 results; no loan default.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
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