MSP Steel & Power

₹25.4 0.5 | 1.9%

WEBSITE BSE:532650 NSE : MSP STEEL 10 May, 16:01

Market Cap ₹978 Cr.

Stock P/E 46.3

P/B 1.7

Current Price ₹25.4

Book Value ₹ 14.7

Face Value 10

52W High ₹33.1

Dividend Yield 0%

52W Low ₹ 8.3

Edit Ratio

MSP Steel & Power Research see more...

Overview Inc. Year: 1968Industry: Steel & Iron Products

MSP Steel & Power Ltd is engaged in production of steel and metal products. The Company is likewise engaged within the manufacture and sale of iron. The Company is likewise engaged inside the technology and sale of power. The Company has production plant in Raigarh, Chhattisgarh. The Company additionally rolls steel at its rolling and structure generators to provide value-added rolled long products. The Company has beneficiation and pellet manufacturing centres. The Company gives a portfolio, including pellets, sponge iron, billets, electricity and thermo mechanically treated(TMT) structural. The Company's captive pellet plant produces over 900,000 tons/annum (TPA) iron pellets. The Company power generation ability of 24 megawatts is based totally out of Waste Heat Recovery (WHR) from Direct-reduced iron (DRI)/steel melting shop (SMS) facilities. The Company produces over 307,500 TPA unit of sponge iron at Raigarh, Chhattisgarh. MSP Cement Ltd is the subsidiary of the Company.

MSP Steel & Power Share Price

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Peer Comparison

MSP Steel & Power Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	572	589	653	625	587	662	677	671	674	781
Other Income	0	0	3	1	1	1	9	4	10	7
Total Income	572	589	655	625	588	662	687	675	683	787
Total Expenditure	530	563	604	611	621	632	628	638	645	742
Operating Profit	42	26	52	14	-33	31	58	37	38	46
Interest	19	18	21	19	18	19	21	17	20	25
Depreciation	14	14	13	14	14	14	13	14	14	14
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	9	-7	18	-18	-65	-2	24	6	4	7
Provision for Tax	0	0	4	-3	-4	-5	5	5	5	5
Profit After Tax	9	-7	14	-15	-61	2	19	1	-2	2
Adjustments	-0	-0	0	-0	3	0	0	-3	-0	3
Profit After Adjustments	9	-7	15	-15	-58	2	20	-2	-2	5
Adjusted Earnings Per Share	0.2	-0.2	0.4	-0.4	-1.5	0.1	0.5	-0	-0	0.1

MSP Steel & Power Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	922	1193	1092	905	849	1160	1670	1533	1723	2340	2550	2803
Other Income	8	36	6	2	1	3	2	3	1	3	12	30
Total Income	929	1229	1098	906	850	1163	1672	1535	1724	2343	2562	2832
Total Expenditure	762	1034	1088	915	775	1043	1539	1451	1581	2184	2491	2653
Operating Profit	167	196	10	-9	76	120	132	85	143	159	71	179
Interest	91	109	109	118	123	129	79	86	79	74	77	83
Depreciation	46	55	53	63	56	57	55	54	55	54	54	55
Exceptional Income / Expenses	0	0	0	0	0	5	-1	-2	0	0	0	0
Profit Before Tax	30	32	-152	-191	-104	-62	-2	-56	8	30	-57	41
Provision for Tax	10	11	-49	-9	-10	-6	19	11	4	4	-7	20
Profit After Tax	20	21	-104	-182	-94	-56	-21	-68	5	26	-51	20
Adjustments	-0	-0	0	-0	-0	0	-0	0	0	0	0	0
Profit After Adjustments	20	21	-104	-182	-94	-56	-21	-68	5	26	-51	21
Adjusted Earnings Per Share	2.3	2.5	-12	-20.7	-10.6	-1.4	-0.5	-1.8	0.1	0.7	-1.3	0.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	18%	17%	11%
Operating Profit CAGR	-55%	-6%	-10%	-8%
PAT CAGR	-296%	0%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	191%	32%	21%	4%
ROE Average	-9%	-1%	-3%	-8%
ROCE Average	1%	5%	4%	3%

MSP Steel & Power Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	697	719	615	515	423	683	665	593	592	618	570
Minority's Interest	20	20	20	0	0	0	0	0	0	0	0
Borrowings	549	596	914	840	864	588	565	566	543	526	502
Other Non-Current Liabilities	59	76	35	5	-52	-57	-41	-30	-30	-25	-32
Total Current Liabilities	753	758	485	410	508	515	468	577	375	605	574
Total Liabilities	2079	2169	2069	1770	1743	1728	1657	1706	1480	1725	1615
Fixed Assets	890	1003	1144	1127	1070	1013	959	906	855	827	826
Other Non-Current Assets	408	379	274	99	62	57	60	55	45	49	58
Total Current Assets	781	787	651	545	612	658	638	744	581	849	730
Total Assets	2079	2169	2069	1770	1743	1728	1657	1706	1480	1725	1615

MSP Steel & Power Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	5	3	2	19	5	7	14	14	11	11	48
Cash Flow from Operating Activities	-144	275	88	-22	73	147	94	77	178	110	81
Cash Flow from Investing Activities	-131	-192	-127	84	1	-19	14	-0	-1	-62	-19
Cash Flow from Financing Activities	273	-84	56	-78	-61	-122	-108	-79	-177	-11	-99
Net Cash Inflow / Outflow	-3	-1	17	-17	13	6	0	-2	-0	37	-37
Closing Cash & Cash Equivalent	3	2	19	2	18	14	14	11	11	48	11

MSP Steel & Power Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.34	2.47	-12.02	-20.71	-10.64	-1.44	-0.53	-1.76	0.13	0.67	-1.31
CEPS(Rs)	7.71	8.83	-5.88	-13.52	-4.22	0.03	0.88	-0.36	1.57	2.08	0.09
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	63.83	78.84	66.76	58.5	48.05	17.71	17.27	15.38	15.36	16.04	14.79
Core EBITDA Margin(%)	15.7	12.16	0.35	-1.09	7.92	9.87	7.81	5.35	8.21	6.62	2.31
EBIT Margin(%)	11.89	10.76	-3.53	-7.21	2.04	5.7	4.62	1.91	5.06	4.44	0.79
Pre Tax Margin(%)	2.98	2.45	-12.56	-18.97	-11.05	-5.18	-0.12	-3.68	0.49	1.28	-2.24
PAT Margin (%)	1.98	1.63	-8.56	-18.1	-9.94	-4.69	-1.23	-4.42	0.28	1.1	-1.98
Cash Profit Margin (%)	6.54	5.81	-4.18	-11.82	-3.95	0.1	2.04	-0.91	3.48	3.42	0.14
ROA(%)	1.08	1	-4.89	-9.5	-5.33	-3.21	-1.22	-4.02	0.31	1.6	-3.03
ROE(%)	4.5	3.46	-16.51	-33.45	-19.94	-10.07	-3.06	-10.76	0.82	4.24	-8.52
ROCE(%)	7.75	7.92	-2.37	-4.19	1.17	4.24	5.01	1.97	6.24	7.43	1.43
Receivable days	30.97	44.27	44.19	38.38	47.57	36.78	23.41	21.9	13.65	9.86	10.49
Inventory Days	93.02	84.1	93.01	107.62	110.2	99.42	79.02	106.94	95	64.93	67.3
Payable days	61.11	63.21	53.63	43.68	55.42	64.29	49.76	52.06	42.04	38.18	41.33
PER(x)	8.93	6.05	0	0	0	0	0	0	58.74	16.08	0
Price/Book(x)	0.33	0.19	0.19	0.15	0.27	0.92	0.75	0.24	0.49	0.67	0.53
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.34	1.02	1.2	1.34	1.53	1.27	0.79	0.64	0.6	0.49	0.42
EV/Core EBITDA(x)	7.39	6.2	128.81	-130.34	17.21	12.26	10.02	11.56	7.16	7.21	15.24
Net Sales Growth(%)	32.34	29.42	-8.44	-17.18	-6.1	36.62	43.9	-8.21	12.42	35.77	9.01
EBIT Growth(%)	30.77	16.57	-130.39	-69.79	126.4	252.79	14.04	-62.1	199.97	18.64	-80.7
PAT Growth(%)	-22.82	5.71	-586.32	-76.1	48.69	40.49	63.03	-228.58	107.21	426.38	-297
EPS Growth(%)	-48.72	5.79	-586.31	-72.34	48.62	86.42	63	-228.45	107.23	424.96	-296.85
Debt/Equity(x)	1.89	1.55	2	2.22	2.84	1.29	1.28	1.45	1.29	1.34	1.41
Current Ratio(x)	1.04	1.04	1.34	1.33	1.2	1.28	1.36	1.29	1.55	1.4	1.27
Quick Ratio(x)	0.63	0.65	0.68	0.66	0.62	0.6	0.57	0.38	0.54	0.65	0.43
Interest Cover(x)	1.33	1.29	-0.39	-0.61	0.16	0.52	0.98	0.34	1.11	1.4	0.26
Total Debt/Mcap(x)	5.74	8.24	10.44	14.88	10.49	1.4	1.7	6.04	2.66	2	2.64

MSP Steel & Power Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	41.62	41.62	41.62	41.62	41.62	41.62	41.62	41.62	41.62	41.62
FII	0	0.01	0.04	0.01	0.01	0	0	0	0	0.16
DII	22.89	18.39	17.25	16.64	16.61	16.6	16.6	8.96	3.14	3.14
Public	35.49	39.99	41.09	41.74	41.77	41.78	41.78	49.42	55.24	55.08
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	16.04	16.04	16.04	16.04	16.04	16.04	16.04	16.04	16.04	16.04
FII	0	0	0.02	0	0	0	0	0	0	0.06
DII	8.82	7.09	6.65	6.41	6.4	6.4	6.4	3.45	1.21	1.21
Public	13.68	15.41	15.84	16.09	16.1	16.1	16.1	19.05	21.29	21.23
Others	0	0	0	0	0	0	0	0	0	0
Total	38.54	38.54	38.54	38.54	38.54	38.54	38.54	38.54	38.54	38.54

Pros

Company has reduced debt.

Cons

Promoter holding is low: 41.62%.
Company has a low return on equity of -1% over the last 3 years.
Debtor days have increased from 38.18 to 41.33days.

* 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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MSP Steel & Power

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MSP Steel & Power Research see more...

Overview Inc. Year: 1968Industry: Steel & Iron Products

MSP Steel & Power Share Price

Alert Data

Quarterly Price

Peer Comparison

MSP Steel & Power Quarterly Results

MSP Steel & Power Profit & Loss

Growth Rates

MSP Steel & Power Balance Sheet

MSP Steel & Power Cash Flow

MSP Steel & Power Ratios

MSP Steel & Power Shareholding Pattern

MSP Steel & Power News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

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