MSP Steel & Power Ltd.
NSE: MSPL · Iron & Steel Products · sector
₹29.60NSE close 2026-10-26
Key numbers
Market cap₹1,678 cr
Price₹29.60
52w high / low₹46 / ₹26
P/E44.2xSector median 15.5x
P/B1.6xSector median 1.7x
Book value₹18.2
Dividend yield–Sector median 0.60%
ROE3.8%Sector median 11.1%
ROCE2.5%Sector median 11.9%
OPM2.8%Sector median 6.7%
Debt / equity0.30xSector median 0.21x
EV/EBITDA23.4xSector median 11.8x
Interest cover0.7x
Current ratio1.17x
Sales growth 3y+3.7%Sector median +2.1%
Profit growth 3y–Sector median +13.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹29 cr vs borrowings ₹311 cr (FY26): borrowings are higher by ₹282 cr.
- Operating profit covered interest 0.7x in the last 12 months.
- 63.53% of the promoters' shares are pledged (28.7% of all shares).
- Promoter holding rose by 9.88 percentage points in a year, to 45.12% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹29.60 on 2026-10-26: -35.8% from the 52-week high, +12.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹58.53 · low ₹22.48
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 656 | 717 | 760 | 711 | 677 | 639 | 816 | 827 |
| EBITDA | 27 | 19 | 45 | 45 | -78 | 32 | 77 | 53 |
| OPM % | 4.1% | 2.7% | 5.9% | 6.3% | -11.5% | 5.0% | 9.5% | 6.4% |
| Other income | 0 | 0 | 2 | 1 | 1 | 0 | 1 | 3 |
| Net profit | -10 | 8 | -34 | 18 | -75 | 5 | 85 | 22 |
| EPS (₹) | -0.25 | 0.21 | -0.64 | 0.31 | -1.32 | 0.10 | 1.50 | 0.39 |
| Revenue YoY | +3.1% | -10.9% | +7.4% | +16.3% | ||||
| Profit YoY | – | -33.2% | – | +23.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,340 | 2,550 | 2,874 | 2,905 | 2,843 | 2,959 |
| EBITDA | 155 | 63 | 125 | 134 | 76 | 84 |
| Net profit | 26 | -51 | 14 | -28 | 34 | 38 |
| EPS (₹) | 0.67 | -1.31 | 0.37 | -0.62 | 0.60 | 0.67 |
| Revenue growth | +9.0% | +12.7% | +1.1% | -2.1% | +4.0% | |
| Profit growth | -296.8% | – | -297.5% | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.7% | +10.5% | +4.0% |
| Net profit | – | +47.2% | – |
| EPS | – | +35.8% | – |
| Share price | – | -18.5% (2y) | -12.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 570 | 582 | 979 | 1,030 |
| Borrowings | – | 801 | 781 | 261 | 311 |
| Cash & equivalents | – | 27 | 47 | 21 | 29 |
| Total assets | – | 1,648 | 1,638 | 1,535 | 1,728 |
| Fixed assets | – | 826 | 816 | 789 | 781 |
| Capital work in progress | – | 1 | 1 | 1 | 18 |
| Investments | – | 41 | 40 | 43 | 49 |
| Receivables | – | 76 | 71 | 75 | 86 |
| Inventory | – | 484 | 490 | 474 | 586 |
| Payables | – | 206 | 217 | 232 | 324 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 110 | 81 | 170 | 189 | 148 |
| Cash from investing | -62 | -19 | -50 | -34 | -58 |
| Cash from financing | -11 | -99 | -106 | -178 | -90 |
| Capex | 26 | 54 | 46 | 32 | 59 |
| Free cash flow | 84 | 27 | 125 | 157 | 89 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -8.9% | 2.5% | -2.9% | 3.3% |
| ROCE % | – | 1.5% | 7.9% | 6.8% | 1.8% |
| Debtor days | – | 11 | 9 | 9 | 11 |
| Inventory days | – | 84 | 78 | 74 | 96 |
| Payable days | – | 36 | 34 | 36 | 53 |
| Cash conversion cycle (days) | – | 59 | 53 | 47 | 54 |
| Working capital days | – | 22 | 20 | 17 | 15 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 45.12% |
| FIIs | 0.72% |
| DIIs | 15.43% |
| Public (non-institutions) | 38.73% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 36.86% | 35.24% | 35.24% | 35.24% | 37.74% | 40.22% | 45.12% | 45.12% |
| Promoter group | % |
|---|---|
| Jagran Vyapaar Private Limited | 7.98% |
| Jaik Leasing & Commercial Investment Limited | 6.25% |
| Sikhar Commotrade PVT.LTD. | 5.49% |
| MSP Sponge Iron Limited | 4.36% |
| Shree Vinay Finvest PVT. Ltd. | 4.03% |
| Procheta Consultants Private Limited | 3.76% |
| Ilex Private Limited | 3.23% |
| M. A. Hire Purchase Private Limited | 3.20% |
| Sampat Marketing Company Private Limited | 2.86% |
| Ginny Traders Private Limited | 2.51% |
| Dexo Trading PVT. Ltd. | 1.09% |
| Kiran Agrawal | 0.09% |
| Nisha Agrawal | 0.06% |
| Pranay Agarwal | 0.05% |
| Manish Agrawal | 0.05% |
| Public holders above 1% | % |
|---|---|
| Tarini Mata Properties Private Limited | 9.47% |
| MOD Commodeal Private Limited | 5.56% |
| Union Bank of India | 4.40% |
| Indian Bank | 3.02% |
| ICICI Bank Ltd | 2.03% |
| Punjab National Bank | 1.55% |
| UCO Bank | 1.30% |
| Indian Overseas Bank | 1.26% |
| Canara Bank | 1.05% |
56,944 shareholders. Pledged: 63.53% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| MSPL | ₹1,678 cr | 44.2x | 1.6x | 3.8% | 2.5% | 2.8% | +3.7% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2019-03-01 | Other | Extra Ordinary General Meeting |
| 2017-09-13 | Other | Annual General Meeting |
| 2017-07-05 | Other | Extra Ordinary General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-11 | Other | Annual General Meeting |
| 2014-09-16 | Other | Annual General Meeting |
| 2013-09-16 | Other | Annual General Meeting |
| 2012-09-14 | Dividend | Annual General Meeting/Dividend Re 0.25 Per Share |
| 2011-09-08 | Dividend | Dividend-Re.0.50 Per Share |
| 2010-09-16 | Dividend | Dividend-Re.0.50 Per Share |
| 2009-09-15 | Other | Annual General Meeting |
| 2008-09-12 | Other | Annual General Meeting |
| 2007-09-14 | Other | Agm |
| 2006-08-17 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | MSPL |
| BSE code | 532650 |
| ISIN | INE752G01015 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.