MSP Steel & Power Ltd

MSP Steel & Power Ltd

₹ 27.5 0.33%
24 Apr 2:21 p.m.
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]

  • Market Cap 1,059 Cr.
  • Current Price 27.5
  • High / Low 33.4 / 8.05
  • Stock P/E 50.7
  • Book Value 14.7
  • Dividend Yield 0.00 %
  • ROCE 1.40 %
  • ROE -9.04 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.20% over last 3 years.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
441.62 512.85 488.07 529.75 563.37 603.54 610.80 620.69 631.56 628.25 641.53 644.89 741.54
Operating Profit 35.81 45.50 38.35 41.99 25.17 49.34 13.72 -33.88 30.09 49.17 29.59 28.70 39.20
OPM % 7.50% 8.15% 7.29% 7.34% 4.28% 7.56% 2.20% -5.77% 4.55% 7.26% 4.41% 4.26% 5.02%
0.15 0.19 0.17 0.39 0.23 2.92 0.54 3.82 0.71 9.99 4.23 9.70 10.00
Interest 19.35 17.87 16.13 19.19 18.26 20.60 18.74 18.30 19.27 20.95 16.86 20.32 25.37
Depreciation 13.45 14.98 13.54 13.75 13.85 13.33 13.54 13.58 13.64 13.32 13.96 14.36 13.83
Profit before tax 3.16 12.84 8.85 9.44 -6.71 18.33 -18.02 -61.94 -2.11 24.89 3.00 3.72 10.00
Tax % 31.01% 11.21% 3.28% 0.85% -2.53% 20.08% 18.87% 5.93% 218.01% 20.45% 160.33% 144.09% 52.30%
2.18 11.39 8.55 9.36 -6.88 14.65 -14.61 -58.27 2.50 19.80 -1.81 -1.64 4.78
EPS in Rs 0.06 0.30 0.22 0.24 -0.18 0.38 -0.38 -1.51 0.06 0.51 -0.05 -0.04 0.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,085 913 775 1,043 1,539 1,462 1,581 2,184 2,491 2,656
Operating Profit 116 161 159 5 -11 74 117 130 70 142 155 59 147
OPM % 17% 18% 13% 0% -1% 9% 10% 8% 5% 8% 7% 2% 5%
5 6 36 5 2 1 7 1 1 1 3 15 34
Interest 59 91 109 109 118 123 129 79 86 79 74 77 84
Depreciation 29 46 55 53 63 56 57 55 54 55 54 54 55
Profit before tax 34 30 32 -152 -191 -104 -62 -2 -68 8 30 -57 42
Tax % 23% 33% 34% 32% 5% 10% 10% -956% -11% 42% 14% 12%
26 20 21 -104 -182 -94 -56 -21 -76 5 26 -51 21
EPS in Rs 2.28 2.42 -11.76 -20.71 -10.64 -1.44 -0.53 -1.97 0.13 0.67 -1.31 0.54
Dividend Payout % 5% 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: 3%
3 Years: 10%
TTM: 137%
Stock Price CAGR
10 Years: 5%
5 Years: 22%
3 Years: 40%
1 Year: 217%
Return on Equity
10 Years: -9%
5 Years: -4%
3 Years: -1%
Last Year: -9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 56 86 86 86 88 88 385 385 385 385 385 385 385
Reserves 321 602 612 508 427 335 266 249 177 175 202 153 181
Preference Capital 9 9 21 21 0 0 31 31 31 31 31 31
981 1,054 1,085 1,195 1,142 1,202 882 852 861 766 826 801 803
224 327 356 238 113 171 253 213 315 184 338 308 216
Total Liabilities 1,582 2,070 2,140 2,028 1,770 1,796 1,786 1,699 1,738 1,511 1,751 1,648 1,585
500 890 1,003 1,144 1,127 1,070 1,013 959 906 855 827 826 820
CWIP 528 187 182 111 1 1 1 2 1 1 1 1 1
Investments 48 48 48 75 52 55 50 53 47 40 40 46 42
506 945 907 698 590 670 722 686 784 615 884 776 722
Total Assets 1,582 2,070 2,140 2,028 1,770 1,796 1,786 1,699 1,738 1,511 1,751 1,648 1,585

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 -144 275 88 -22 73 147 94 77 178 110 81
-217 -131 -192 -127 84 1 -19 14 -0 -1 -62 -19
183 273 -84 56 -78 -61 -122 -108 -79 -177 -11 -99
Net Cash Flow -4 -3 -1 17 -17 13 6 0 -2 -0 37 -37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 18 12 11 11
Inventory Days 164 187 123 128 130 175 149 108 160 104 89 84
Days Payable 41 90 64 46 33 70 78 46 55 34 52 36
Cash Conversion Cycle 147 146 117 116 142 163 104 87 122 82 48 59
Working Capital Days 63 160 121 127 156 150 112 86 96 85 70 61
ROCE % 8% 8% 8% -2% -4% 1% 4% 5% 1% 6% 7% 1%

Shareholding Pattern

Numbers in percentages

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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