WEBSITE BSE:513303 NSE: MODERN STEEL Inc. Year: 1973 Industry: Steel & Iron Products My Bucket: Add Stock
Last updated: 11:24
Modern Steels Ltd. is an Indian publicly listed company incorporated in 1973 and headquartered in Mumbai, Maharashtra. It operates in the ferrous and non‑ferrous metals segment, primarily engaged in the trading and distribution of steel products, including items such as bars, rods, coils, sheets, plates and other metal commodities to industrial buyers, stockists, fabricators and construction businesses across India. The company follows an asset‑light distribution model, procuring metal products from manufacturers and supplying them into the...Read More
Modern Steels Ltd. is an Indian publicly listed company incorporated in 1973 and headquartered in Mumbai, Maharashtra. It operates in the ferrous and non‑ferrous metals segment, primarily engaged in the trading and distribution of steel products, including items such as bars, rods, coils, sheets, plates and other metal commodities to industrial buyers, stockists, fabricators and construction businesses across India. The company follows an asset‑light distribution model, procuring metal products from manufacturers and supplying them into the domestic market through its network of dealers and logistics partners. Modern Steels’ financial performance tends to reflect the cyclical nature of the metals and commodities sector, influenced by fluctuations in steel prices, demand from infrastructure and manufacturing, and inventory management. Its shares are listed on the Bombay Stock Exchange (BSE), where it publishes regular quarterly and annual financial results in line with regulatory requirements. ...Read Less
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Market Cap ₹18 Cr.
Stock P/E 4.1
P/B 1
Current Price ₹13.4
Book Value ₹ 12.8
Face Value 10
52W High ₹21.7
Dividend Yield 0%
52W Low ₹ 10.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 5 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 1 | 0 | 0 | 0 | 5 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | 0 | -0 | 1 | -0 | -0 | -0 | 5 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | -0 | 1 | -0 | -0 | -0 | 5 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | -0 | 1 | -0 | -0 | -0 | 5 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | -0 | 1 | -0 | -0 | -0 | 5 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0 | -0 | 0.7 | -0 | -0 | -0 | 3.1 | 0.2 | 0.1 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 318 | 269 | 315 | 376 | 322 | 211 | 84 | 102 | 0 | 0 | 0 | 0 |
| Other Income | 7 | 2 | 3 | 2 | 2 | 0 | 4 | 81 | 20 | 2 | 5 | 5 |
| Total Income | 324 | 271 | 318 | 378 | 323 | 212 | 87 | 183 | 20 | 2 | 5 | 5 |
| Total Expenditure | 312 | 256 | 310 | 401 | 342 | 257 | 104 | 102 | 1 | 1 | 1 | 0 |
| Operating Profit | 12 | 15 | 8 | -23 | -18 | -46 | -17 | 81 | 19 | 1 | 4 | 5 |
| Interest | 25 | 27 | 5 | 2 | 2 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5 | 0 | 0 | 0 |
| Profit Before Tax | -18 | -17 | -3 | -30 | -25 | -51 | -23 | 76 | 14 | 1 | 4 | 5 |
| Provision for Tax | -6 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -12 | -34 | -3 | -30 | -25 | -51 | -23 | 76 | 14 | 1 | 4 | 5 |
| Adjustments | 0 | 0 | 0 | -2 | -0 | 1 | 61 | 1 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -12 | -34 | -3 | -32 | -25 | -49 | 39 | 78 | 14 | 1 | 4 | 5 |
| Adjusted Earnings Per Share | -8.8 | -24.4 | -1.9 | -22 | -18.3 | -36.9 | -16.4 | 55.3 | 10.1 | 0.4 | 3.2 | 3.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | -100% | -100% | -100% |
| Operating Profit CAGR | 300% | -63% | 0% | -10% |
| PAT CAGR | 300% | -63% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -22% | -2% | 32% | 8% |
| ROE Average | 30% | 99% | 59% | -26% |
| ROCE Average | 28% | 57% | 13% | -1% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 24 | -10 | -10 | -43 | -68 | -118 | -79 | -1 | 13 | 13 | 18 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 83 | 71 | 86 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -15 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 152 | 159 | 158 | 230 | 237 | 228 | 171 | 7 | 1 | 1 | 1 |
| Total Liabilities | 244 | 222 | 235 | 189 | 170 | 113 | 95 | 6 | 14 | 14 | 19 |
| Fixed Assets | 78 | 73 | 69 | 63 | 59 | 55 | 50 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 12 | 14 | 9 | 7 | 7 | 6 | 6 | 0 | 0 | 0 | 13 |
| Total Current Assets | 154 | 135 | 158 | 120 | 105 | 52 | 39 | 6 | 14 | 14 | 5 |
| Total Assets | 244 | 222 | 235 | 189 | 170 | 113 | 95 | 6 | 14 | 14 | 19 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 3 | 1 | 11 | 2 | 1 | 0 | 0 | 0 | 1 | 1 |
| Cash Flow from Operating Activities | 9 | 17 | -13 | -11 | 3 | 1 | 133 | -3 | 0 | 3 | 4 |
| Cash Flow from Investing Activities | -1 | 1 | 9 | 2 | -0 | 0 | -0 | 52 | 0 | -2 | -5 |
| Cash Flow from Financing Activities | -11 | -19 | 13 | -0 | -4 | -2 | -132 | -49 | -0 | -1 | -0 |
| Net Cash Inflow / Outflow | -3 | -1 | 9 | -9 | -1 | -1 | -0 | 0 | 0 | 0 | -1 |
| Closing Cash & Cash Equivalent | 3 | 1 | 11 | 2 | 1 | 0 | 0 | 0 | 1 | 1 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -8.84 | -24.4 | -1.88 | -21.98 | -18.32 | -36.9 | -16.35 | 55.32 | 10.05 | 0.42 | 3.23 |
| CEPS(Rs) | -4.6 | -20.48 | 2.02 | -18.05 | -14.56 | -33.37 | -12.81 | 57.93 | 10.05 | 0.42 | 3.23 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 16.78 | -7.62 | -8.04 | -31.69 | -50.07 | -85.94 | -57.52 | -1.2 | 8.85 | 9.27 | 12.49 |
| Core EBITDA Margin(%) | 1.56 | 4.34 | 1.44 | -6.37 | -6.26 | -21.71 | -25 | -0.25 | 0 | 0 | 0 |
| EBIT Margin(%) | 1.86 | 3.27 | 0.64 | -7.34 | -7.29 | -23.83 | -26.39 | 75.45 | 0 | 0 | 0 |
| Pre Tax Margin(%) | -5.16 | -5.7 | -0.73 | -7.8 | -7.84 | -24.01 | -26.94 | 74.61 | 0 | 0 | 0 |
| PAT Margin (%) | -3.41 | -11.09 | -0.73 | -7.8 | -7.84 | -24.01 | -26.94 | 74.61 | 0 | 0 | 0 |
| Cash Profit Margin (%) | -1.78 | -9.31 | 0.79 | -6.41 | -6.23 | -21.72 | -21.11 | 78.13 | 0 | 0 | 0 |
| ROA(%) | -5.21 | -14.42 | -1.13 | -14.25 | -14.01 | -35.88 | -21.66 | 150.11 | 133.94 | 4.09 | 27.14 |
| ROE(%) | -52.87 | -532.43 | 0 | 0 | 0 | 0 | 0 | 0 | 262.75 | 4.62 | 29.64 |
| ROCE(%) | 3.38 | 5.3 | 1.29 | -17.59 | -17.7 | -54.27 | -106.52 | 0 | 139.84 | 4.17 | 28.07 |
| Receivable days | 73.48 | 88.08 | 76.77 | 73.38 | 72.94 | 70.17 | 85.89 | 0 | 0 | 0 | 0 |
| Inventory Days | 59.2 | 72.58 | 60.58 | 47.18 | 47.25 | 52.52 | 79.31 | 0 | 0 | 0 | 0 |
| Payable days | 73.1 | 106.92 | 80.76 | 55.13 | 54.36 | 95.59 | 449.56 | 463.92 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.43 | 1.31 | 46.29 | 4.68 |
| Price/Book(x) | 0.6 | -0.8 | -1.01 | -0.56 | -0.22 | -0.09 | -0.07 | -19.79 | 1.48 | 2.09 | 1.21 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.57 | 0.7 | 0.59 | 0.56 | 0.62 | 0.92 | 0.7 | 0.39 | 0 | 0 | 0 |
| EV/Core EBITDA(x) | 14.6 | 12.38 | 24.53 | -9.2 | -11 | -4.28 | -3.38 | 0.49 | 0.98 | 44.89 | 4.71 |
| Net Sales Growth(%) | 20.68 | -15.21 | 17.01 | 19.37 | -14.49 | -34.24 | -60.5 | 22.16 | -100 | 0 | 0 |
| EBIT Growth(%) | 55.63 | 49.17 | -76.95 | -1347.81 | 17.61 | -114.97 | 56.26 | 449.33 | -81.72 | -95.9 | 669.6 |
| PAT Growth(%) | -13.96 | -176.07 | 92.31 | -1072.09 | 16.63 | -101.43 | 55.69 | 438.36 | -81.83 | -95.83 | 670.29 |
| EPS Growth(%) | -4.27 | -176.07 | 92.31 | -1072.09 | 16.63 | -101.43 | 55.69 | 438.3 | -81.83 | -95.83 | 670.24 |
| Debt/Equity(x) | 7.53 | -17.68 | -16.96 | -4.34 | -2.71 | -1.56 | -0.67 | -4.27 | 0.1 | 0.02 | 0.01 |
| Current Ratio(x) | 1.01 | 0.85 | 1 | 0.52 | 0.44 | 0.23 | 0.23 | 0.85 | 9.72 | 26.69 | 5.5 |
| Quick Ratio(x) | 0.61 | 0.47 | 0.63 | 0.35 | 0.27 | 0.15 | 0.13 | 0.85 | 9.72 | 26.69 | 5.5 |
| Interest Cover(x) | 0.26 | 0.36 | 0.47 | -15.89 | -13.24 | -129.21 | -47.91 | 89.36 | 58.15 | 824.14 | 3171.29 |
| Total Debt/Mcap(x) | 12.44 | 22.08 | 16.83 | 7.68 | 12.35 | 17.89 | 9.85 | 0.22 | 0.07 | 0.01 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.53 | 65.53 | 65.53 | 65.53 | 65.53 | 65.53 | 65.53 | 65.53 | 65.53 | 65.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Public | 34.42 | 34.42 | 34.42 | 34.42 | 34.42 | 34.42 | 34.42 | 34.42 | 34.42 | 34.42 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 |
* The pros and cons are machine generated.
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