MSP Steel & Power Ltd

MSP Steel & Pow. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MSP Steel & Power Ltd

₹ 24.5 -4.85%
07 May - close price
mspsteel.com BSE: 532650 NSE : MSPL
About

MSP Steel & Power Limited is engaged in the manufacture and sale of iron and steel products and generation of power. [1]

Key Points

Products
The company is present across the value chain of rolled long products, except captive iron ore and coal mines. It manufactures pellets, sponge iron, MS billets, thermo-mechanically treated bars, and structural products. [1] [2]

Website BSE NSE
  • Market Cap ₹ 944 Cr.
  • Current Price ₹ 24.5
  • High / Low ₹ 33.4 / 8.05
  • Stock P/E 46.3
  • Book Value ₹ 14.7
  • Dividend Yield 0.00 %
  • ROCE 1.19 %
  • ROE -9.61 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.33% over last 3 years.
  • Contingent liabilities of Rs.309 Cr.
  • Promoters have pledged 100% 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
477.43 558.35 526.42 571.74 588.54 652.88 624.52 586.81 661.65 677.42 671.12 673.59 780.74
441.60 512.74 487.90 529.69 563.22 603.54 610.79 620.67 631.55 628.24 638.32 644.88 741.54
Operating Profit 35.83 45.61 38.52 42.05 25.32 49.34 13.73 -33.86 30.10 49.18 32.80 28.71 39.20
OPM % 7.50% 8.17% 7.32% 7.35% 4.30% 7.56% 2.20% -5.77% 4.55% 7.26% 4.89% 4.26% 5.02%
0.15 0.19 0.17 0.39 0.23 10.78 0.54 1.20 0.62 9.52 4.23 9.70 6.71
Interest 19.35 17.87 16.13 19.19 18.26 20.60 18.72 18.30 19.28 20.94 16.86 20.32 25.37
Depreciation 13.45 14.98 13.54 13.75 13.85 13.32 13.54 13.58 13.64 13.32 13.96 14.36 13.83
Profit before tax 3.18 12.95 9.02 9.50 -6.56 26.20 -17.99 -64.54 -2.20 24.44 6.21 3.73 6.71
Tax % 30.82% 11.12% 3.22% 0.84% -2.59% 14.05% 18.90% 5.69% 209.55% 20.83% 77.29% 143.70% 77.94%
2.20 11.51 8.73 9.43 -6.73 22.52 -14.58 -60.87 2.41 19.35 1.41 -1.63 1.49
EPS in Rs 0.06 0.30 0.23 0.24 -0.17 0.58 -0.38 -1.58 0.06 0.50 0.04 -0.04 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
695 920 1,191 1,090 902 849 1,160 1,670 1,533 1,723 2,340 2,550 2,803
579 759 1,032 1,084 913 775 1,043 1,539 1,462 1,581 2,184 2,491 2,653
Operating Profit 116 161 159 6 -11 75 117 130 71 142 155 59 150
OPM % 17% 18% 13% 1% -1% 9% 10% 8% 5% 8% 7% 2% 5%
5 6 36 5 2 1 7 1 1 1 12 12 30
Interest 59 91 109 109 118 123 129 79 86 79 74 77 83
Depreciation 29 46 55 53 63 56 57 55 54 55 54 54 55
Profit before tax 34 30 32 -151 -191 -104 -62 -2 -68 9 38 -60 41
Tax % 23% 33% 34% 32% 5% 10% 10% -961% -11% 42% 11% 11%
26 20 21 -103 -182 -94 -56 -21 -76 5 34 -54 21
EPS in Rs 2.28 2.38 -11.64 -20.71 -10.62 -1.45 -0.53 -1.96 0.13 0.88 -1.39 0.54
Dividend Payout % 6% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 19%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: 8%
TTM: 135%
Stock Price CAGR
10 Years: 4%
5 Years: 20%
3 Years: 29%
1 Year: 182%
Return on Equity
10 Years: -9%
5 Years: -4%
3 Years: -1%
Last Year: -10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 58 88 88 88 88 88 385 385 385 385 385 385 385
Reserves 321 594 594 491 420 328 249 228 163 168 202 151 182
Preference Capital 9 9 21 21 0 0 31 31 31 31 31 31
906 993 1,043 1,153 1,142 1,202 882 852 860 765 825 799 801
175 275 305 187 113 171 253 213 311 184 338 307 215
Total Liabilities 1,461 1,950 2,030 1,918 1,763 1,788 1,769 1,679 1,719 1,502 1,750 1,643 1,583
496 886 999 1,137 1,126 1,070 1,013 959 906 855 826 826 820
CWIP 517 165 152 49 0 0 0 1 1 1 0 0 0
Investments 32 33 33 33 47 48 33 33 33 33 41 44 44
416 867 846 700 590 670 722 686 779 614 883 773 719
Total Assets 1,461 1,950 2,030 1,918 1,763 1,788 1,769 1,679 1,719 1,502 1,750 1,643 1,583

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
34 -145 222 21 40 73 147 94 74 181 110 81
-204 -136 -167 -64 -21 1 -19 14 3 -4 -62 -18
168 278 -56 60 -35 -61 -122 -108 -79 -177 -11 -101
Net Cash Flow -3 -3 -0 17 -16 13 6 0 -2 -0 37 -37

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 24 50 59 34 44 58 33 24 17 12 11 11
Inventory Days 164 187 123 128 130 175 149 108 160 104 89 84
Days Payable 39 90 64 46 33 70 78 46 55 34 52 36
Cash Conversion Cycle 149 146 117 116 142 163 104 87 122 82 48 59
Working Capital Days 86 178 137 153 156 150 112 86 96 85 70 61
ROCE % 8% 8% 8% -2% -4% 1% 4% 5% 1% 6% 7% 1%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.62% 41.62% 41.62% 41.62% 41.62% 41.61% 41.61% 41.61% 41.61% 41.61% 41.61% 41.61%
0.00% 0.00% 0.00% 0.01% 0.04% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.16%
31.16% 29.80% 22.89% 18.38% 17.25% 16.64% 16.61% 16.60% 16.60% 8.96% 3.14% 3.14%
27.22% 28.58% 35.49% 39.99% 41.09% 41.74% 41.77% 41.79% 41.79% 49.43% 55.24% 55.08%
No. of Shareholders 13,79116,68927,19856,57757,29558,16757,38457,69057,53654,76448,60049,660

* 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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