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 110
  • Book Value 16.1
  • Dividend Yield 0.00 %
  • ROCE 6.43 %
  • ROE -3.78 %
  • 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 -3.49% 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

Consolidated Figures in Rs. Crores / View Standalone

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
661.65 677.42 671.12 673.59 780.74 748.41 772.00 656.32 716.85 760.07 710.86 676.86 638.92
631.56 623.52 641.53 644.89 741.54 723.76 728.73 629.64 697.64 715.37 665.96 654.09 606.40
Operating Profit 30.09 53.90 29.59 28.70 39.20 24.65 43.27 26.68 19.21 44.70 44.90 22.77 32.52
OPM % 4.55% 7.96% 4.41% 4.26% 5.02% 3.29% 5.60% 4.07% 2.68% 5.88% 6.32% 3.36% 5.09%
0.71 9.99 4.23 9.70 10.00 17.72 1.19 0.14 0.47 1.84 0.54 -99.71 -0.59
Interest 19.27 25.68 16.86 20.32 25.37 25.13 20.58 22.05 15.89 22.67 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 13.82
Profit before tax -2.11 24.89 3.00 3.72 10.00 3.98 10.24 -8.45 -9.71 10.48 21.53 -100.49 7.29
Tax % -218.01% 20.45% 160.33% 144.09% 52.30% -227.39% 33.79% 12.78% -184.65% 422.81% 17.14% -25.60% 24.69%
2.50 19.80 -1.81 -1.64 4.78 13.02 6.78 -9.53 8.22 -33.83 17.84 -74.76 5.49
EPS in Rs 0.06 0.51 -0.05 -0.04 0.12 0.34 0.18 -0.20 0.15 -0.60 0.31 -1.32 0.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,085 913 775 1,043 1,539 1,462 1,581 2,184 2,487 2,748 2,771 2,642
Operating Profit 159 5 -11 74 117 130 70 142 155 64 125 134 145
OPM % 13% 0% -1% 9% 10% 8% 5% 8% 7% 2% 4% 5% 5%
36 5 2 1 7 1 1 1 3 15 38 4 -98
Interest 109 109 118 123 129 79 86 79 74 82 88 81 54
Depreciation 55 53 63 56 57 55 54 55 54 54 55 54 55
Profit before tax 32 -152 -191 -104 -62 -2 -68 8 30 -57 21 3 -61
Tax % 34% -32% -5% -10% -10% 956% 11% 42% 14% -12% 31% 1,208%
21 -104 -182 -94 -56 -21 -76 5 26 -51 14 -28 -85
EPS in Rs 2.42 -11.76 -20.71 -10.64 -1.44 -0.53 -1.97 0.13 0.67 -1.31 0.37 -0.50 -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: -13%
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: -3%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 86 86 88 88 385 385 385 385 385 385 385 567 567
Reserves 612 508 427 335 266 249 177 175 202 153 166 381 346
1,106 1,216 1,142 1,202 913 884 892 797 857 832 813 294 281
336 218 113 171 221 182 283 153 307 277 274 293 309
Total Liabilities 2,140 2,028 1,770 1,796 1,786 1,699 1,738 1,511 1,751 1,648 1,638 1,535 1,503
1,003 1,144 1,127 1,070 1,013 959 906 855 827 826 816 790 779
CWIP 182 111 1 1 1 2 1 1 1 1 1 1 14
Investments 48 75 52 55 50 53 47 40 40 46 45 47 47
907 698 590 670 722 686 784 615 884 776 776 697 663
Total Assets 2,140 2,028 1,770 1,796 1,786 1,699 1,738 1,511 1,751 1,648 1,638 1,535 1,503

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
275 88 -22 73 147 94 77 178 110 86 170 189
-192 -127 84 1 -19 14 -0 -1 -62 -19 -50 -34
-84 56 -78 -61 -122 -108 -79 -177 -11 -104 -106 -178
Net Cash Flow -1 17 -17 13 6 0 -2 -0 37 -37 15 -22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 18 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 53 47
Working Capital Days 2 49 53 38 32 31 33 38 23 18 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 ・Standalone data

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

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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