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MSP Steel & Power Overview

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...Read More

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MSP Steel & Power Key Financials

Market Cap ₹1978 Cr.

Stock P/E -69.8

P/B 2.2

Current Price ₹34.9

Book Value ₹ 16.2

Face Value 10

52W High ₹41.3

Dividend Yield 0%

52W Low ₹ 23.6

MSP Steel & Power Share Price

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Volume
Price

MSP Steel & Power Quarterly Price

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MSP Steel & Power Peer Comparison

MSP Steel & Power Quarterly Results

#(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 674 781 748 772 656 712 760 711 677 639
Other Income 10 7 18 1 0 0 2 1 1 0
Total Income 683 787 766 773 656 712 762 711 678 639
Total Expenditure 645 742 724 729 630 692 715 666 654 606
Operating Profit 38 46 42 44 27 20 47 45 24 33
Interest 20 25 25 21 22 16 23 10 10 11
Depreciation 14 14 13 14 13 13 13 14 14 14
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -101 -1
Profit Before Tax 4 7 4 10 -8 -10 10 22 -101 7
Provision for Tax 5 5 -9 3 1 -18 44 4 -26 2
Profit After Tax -2 2 13 7 -10 8 -34 18 -75 5
Adjustments -0 3 -0 0 0 0 0 0 0 0
Profit After Adjustments -2 5 13 7 -10 8 -34 18 -75 5
Adjusted Earnings Per Share -0 0.1 0.3 0.2 -0.2 0.2 -0.6 0.3 -1.3 0.1

MSP Steel & Power Profit & Loss

#(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 1092 905 849 1160 1670 1533 1723 2340 2550 2874 2905 2787
Other Income 6 2 1 3 2 3 1 3 12 38 4 4
Total Income 1098 906 850 1163 1672 1535 1724 2343 2562 2912 2909 2790
Total Expenditure 1088 915 775 1043 1539 1451 1581 2184 2487 2748 2771 2641
Operating Profit 10 -9 76 120 132 85 143 159 75 164 137 149
Interest 109 118 123 129 79 86 79 74 82 88 81 54
Depreciation 53 63 56 57 55 54 55 54 54 55 54 55
Exceptional Income / Expenses 0 0 0 5 -1 -2 0 0 0 0 0 -102
Profit Before Tax -152 -191 -104 -62 -2 -56 8 30 -57 21 3 -62
Provision for Tax -49 -9 -10 -6 19 11 4 4 -7 6 31 24
Profit After Tax -104 -182 -94 -56 -21 -68 5 26 -51 14 -28 -86
Adjustments 0 -0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -104 -182 -94 -56 -21 -68 5 26 -51 14 -28 -86
Adjusted Earnings Per Share -12 -20.7 -10.6 -1.4 -0.5 -1.8 0.1 0.7 -1.3 0.4 -0.5 -1.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 7% 14% 10%
Operating Profit CAGR -16% -5% 10% 30%
PAT CAGR -300% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 21% 58% 27% 11%
ROE Average -4% -3% -1% -9%
ROCE Average 6% 5% 6% 3%

MSP Steel & Power Balance Sheet

#(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 615 515 423 683 665 593 592 618 570 582 979
Minority's Interest 20 0 0 0 0 0 0 0 0 0 0
Borrowings 914 840 864 588 565 566 543 526 502 477 12
Other Non-Current Liabilities 35 5 -52 -57 -41 -30 -30 -25 -32 -23 10
Total Current Liabilities 464 410 508 515 468 577 375 605 574 574 534
Total Liabilities 2048 1770 1743 1728 1657 1706 1480 1725 1615 1611 1535
Fixed Assets 1144 1127 1070 1013 959 906 855 827 826 816 790
Other Non-Current Assets 274 99 62 57 60 55 45 49 58 54 72
Total Current Assets 630 545 612 658 638 744 581 849 730 741 673
Total Assets 2048 1770 1743 1728 1657 1706 1480 1725 1615 1611 1535

MSP Steel & Power Cash Flow

#(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 2 19 5 7 14 14 11 11 48 11 26
Cash Flow from Operating Activities 88 -22 73 147 94 77 178 110 86 170 189
Cash Flow from Investing Activities -127 84 1 -19 14 -0 -1 -62 -19 -50 -34
Cash Flow from Financing Activities 56 -78 -61 -122 -108 -79 -177 -11 -104 -106 -178
Net Cash Inflow / Outflow 17 -17 13 6 0 -2 -0 37 -37 15 -22
Closing Cash & Cash Equivalent 19 2 18 14 14 11 11 48 11 26 4

MSP Steel & Power Ratios

# 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) -12.02 -20.71 -10.64 -1.44 -0.53 -1.76 0.13 0.67 -1.31 0.37 -0.5
CEPS(Rs) -5.88 -13.52 -4.24 0.03 0.88 -0.36 1.57 2.08 0.09 1.81 0.45
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 66.76 58.5 48.05 16.91 16.46 14.57 14.55 15.24 13.98 14.3 16.72
Core EBITDA Margin(%) 0.35 -1.09 7.92 9.87 7.78 5.34 8.21 6.62 2.5 4.35 4.59
EBIT Margin(%) -3.53 -7.21 2.02 5.7 4.61 1.9 5.06 4.44 0.97 3.76 2.87
Pre Tax Margin(%) -12.56 -18.97 -11.06 -5.18 -0.12 -3.67 0.49 1.28 -2.24 0.72 0.09
PAT Margin (%) -8.56 -18.1 -9.95 -4.69 -1.23 -4.4 0.28 1.1 -1.98 0.5 -0.97
Cash Profit Margin (%) -4.18 -11.82 -3.96 0.1 2.03 -0.9 3.48 3.42 0.14 2.42 0.87
ROA(%) -4.93 -9.55 -5.34 -3.21 -1.22 -4.03 0.31 1.6 -3.03 0.89 -1.8
ROE(%) -16.51 -33.45 -19.97 -10.36 -3.2 -11.32 0.87 4.47 -8.99 2.63 -3.78
ROCE(%) -2.37 -4.19 1.16 4.24 5.01 1.97 6.24 7.43 1.76 7.92 6.43
Receivable days 44.19 38.38 47.57 36.78 23.34 21.84 13.65 9.86 10.49 9.35 9.16
Inventory Days 93.01 107.62 110.2 99.42 78.79 106.63 95 64.93 67.3 61.74 60.39
Payable days 53.63 43.68 55.42 64.29 49.76 52.06 42.04 38.18 41.42 33.64 34.78
PER(x) 0 0 0 0 0 0 58.74 16.08 0 81.94 0
Price/Book(x) 0.19 0.15 0.27 0.96 0.79 0.25 0.51 0.7 0.56 2.13 1.63
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.2 1.34 1.53 1.29 0.81 0.66 0.61 0.5 0.43 0.68 0.63
EV/Core EBITDA(x) 128.81 -130.34 17.21 12.52 10.26 11.93 7.38 7.41 14.7 11.86 13.24
Net Sales Growth(%) -8.44 -17.18 -6.1 36.62 43.9 -8.21 12.42 35.77 9.01 12.68 1.09
EBIT Growth(%) -130.39 -69.79 126.21 255.46 14 -62.12 200.1 18.64 -76.16 336.84 -22.73
PAT Growth(%) -586.32 -76.1 48.61 40.6 63 -228.53 107.21 426.38 -297 128.35 -297.68
EPS Growth(%) -586.31 -72.34 48.62 86.42 63 -228.43 107.23 424.96 -296.85 128.39 -234.27
Debt/Equity(x) 2 2.22 2.84 1.29 1.28 1.45 1.29 1.34 1.41 1.34 0.27
Current Ratio(x) 1.36 1.33 1.2 1.28 1.36 1.29 1.55 1.4 1.27 1.29 1.26
Quick Ratio(x) 0.67 0.66 0.62 0.6 0.57 0.38 0.54 0.65 0.43 0.44 0.37
Interest Cover(x) -0.39 -0.61 0.15 0.52 0.98 0.34 1.11 1.4 0.3 1.24 1.03
Total Debt/Mcap(x) 10.44 14.88 10.49 1.4 1.7 6.04 2.66 2 2.64 0.66 0.17

MSP Steel & Power Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 41.62 41.62 42.34 42.34 36.86 35.24 35.24 35.24 37.74 40.22
FII 0 0.16 0.33 1.1 0.52 0.4 0.18 0.18 0.37 0.12
DII 3.14 3.14 3.17 1.91 12.88 16.7 16.7 16.7 16.7 16.8
Public 55.24 55.08 54.16 54.65 49.74 47.66 47.88 47.88 45.19 42.86
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

MSP Steel & Power News

MSP Steel & Power Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 40.22%.
  • Company has a low return on equity of -3% over the last 3 years.
  • Debtor days have increased from 33.64 to 34.78days.
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