Modern Steels Ltd

Modern Steels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Modern Steels Ltd

₹ 20.1 1.77%
22 Nov - close price
modernsteels.com BSE: 513303
About

Established in 1974, Modern Steel Ltd. manufactures low-alloy and carbon-steel-rolled products for commercial vehicles, such as trucks and tractors, passenger vehicles, two-wheelers, and engineering companies.

Key Points

Products Portfolio:[1]
The company manufactures Steel Rolled products consisting of Alloy Bars / Rounds and Non Alloy Bars / Rounds.

Website BSE
  • Market Cap ₹ 27.6 Cr.
  • Current Price ₹ 20.1
  • High / Low ₹ 36.2 / 18.0
  • Stock P/E 32.5
  • Book Value ₹ 9.69
  • Dividend Yield 0.00 %
  • ROCE 4.39 %
  • ROE 4.65 %
  • Face Value ₹ 10.0
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Pros

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

Cons

* 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

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
34.02 27.32 9.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
34.17 27.62 8.41 0.09 0.08 0.14 0.23 0.53 0.25 0.26 0.26 0.25 0.26
Operating Profit -0.15 -0.30 0.86 -0.09 -0.08 -0.14 -0.23 -0.53 -0.25 -0.26 -0.26 -0.25 -0.26
OPM % -0.44% -1.10% 9.28%
0.06 1.77 79.86 0.02 1.34 10.55 2.71 0.18 0.25 0.21 1.23 0.22 0.22
Interest 0.08 0.00 0.70 0.11 0.09 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 1.21 1.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -1.38 0.31 80.02 -0.18 1.17 10.36 2.48 -0.35 0.00 -0.05 0.97 -0.03 -0.04
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-1.38 0.31 80.02 -0.18 1.17 10.36 2.48 -0.35 0.00 -0.05 0.97 -0.03 -0.04
EPS in Rs -1.00 0.23 58.14 -0.13 0.85 7.53 1.80 -0.25 0.00 -0.04 0.70 -0.02 -0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
257.67 259.13 313.00 261.73 309.01 376.06 321.57 211.46 83.53 102.04 0.00 0.00 0.00
260.94 253.87 307.43 248.45 303.92 400.76 341.69 257.37 104.41 101.84 0.55 1.29 1.03
Operating Profit -3.27 5.26 5.57 13.28 5.09 -24.70 -20.12 -45.91 -20.88 0.20 -0.55 -1.29 -1.03
OPM % -1.27% 2.03% 1.78% 5.07% 1.65% -6.57% -6.26% -21.71% -25.00% 0.20%
4.65 3.67 6.89 2.00 2.55 1.66 1.85 0.38 3.71 80.38 14.62 1.87 1.88
Interest 16.77 19.84 25.03 27.13 4.86 1.79 1.77 0.39 0.46 0.86 0.24 0.00 0.00
Depreciation 4.68 4.67 5.83 5.39 5.36 5.41 5.17 4.86 4.87 3.59 0.00 0.00 0.00
Profit before tax -20.07 -15.58 -18.40 -17.24 -2.58 -30.24 -25.21 -50.78 -22.50 76.13 13.83 0.58 0.85
Tax % -31.64% -31.51% -33.91% 94.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-13.72 -10.67 -12.16 -33.57 -2.58 -30.24 -25.21 -50.78 -22.50 76.13 13.83 0.58 0.85
EPS in Rs -10.90 -8.47 -8.84 -24.39 -1.87 -21.97 -18.32 -36.90 -16.35 55.32 10.05 0.42 0.61
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 7%
5 Years: 15%
3 Years: 27%
TTM: -95%
Stock Price CAGR
10 Years: 6%
5 Years: %
3 Years: 79%
1 Year: -32%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12.60 12.60 13.76 13.76 13.76 13.76 13.76 13.76 13.76 13.77 13.77 13.77 14.40
Reserves 20.99 10.32 9.33 -24.24 -24.82 -57.36 -82.65 -132.01 -92.91 -15.41 -1.58 -1.01 -1.07
113.06 160.27 173.78 185.33 187.59 189.20 186.91 184.63 52.86 7.04 1.27 0.20 0.21
36.26 49.86 63.61 46.71 58.60 43.76 52.39 46.29 121.35 0.97 0.82 0.95 0.41
Total Liabilities 182.91 233.05 260.48 221.56 235.13 189.36 170.41 112.67 95.06 6.37 14.28 13.91 13.95
52.97 51.26 77.66 72.90 68.50 62.52 59.13 54.57 49.99 0.06 0.06 0.06 0.06
CWIP 1.31 21.22 0.00 0.00 0.00 0.28 0.28 0.28 0.67 0.00 0.00 0.00 0.00
Investments 7.03 7.03 4.85 4.85 0.03 0.13 0.03 0.03 0.03 0.03 0.03 0.03 0.03
121.60 153.54 177.97 143.81 166.60 126.43 110.97 57.79 44.37 6.28 14.19 13.82 13.86
Total Assets 182.91 233.05 260.48 221.56 235.13 189.36 170.41 112.67 95.06 6.37 14.28 13.91 13.95

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10.91 -13.53 9.25 16.60 -12.50 -10.98 3.48 1.29 132.73 -3.31 0.34 0.47
-0.79 -19.48 -1.46 1.03 9.07 2.27 -0.11 0.07 -0.44 52.47 0.00 0.00
-10.06 36.05 -10.58 -19.07 12.91 -0.06 -4.06 -2.27 -132.37 -48.87 -0.24 0.00
Net Cash Flow 0.06 3.04 -2.79 -1.44 9.48 -8.77 -0.69 -0.91 -0.08 0.29 0.10 0.46

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 75.23 88.75 93.94 91.39 98.56 70.25 63.72 43.45 61.79 0.00
Inventory Days 83.69 123.66 113.70 160.19 122.99 67.75 76.63 57.97 244.42 0.00
Days Payable 57.02 66.33 91.65 82.25 96.55 37.13 65.59 88.16 454.07
Cash Conversion Cycle 101.90 146.08 116.00 169.33 125.00 100.86 74.77 13.26 -147.86 0.00
Working Capital Days 93.00 119.83 86.08 96.71 105.16 -108.87 -151.13 -303.21 -347.70 19.78
ROCE % -2.18% 2.54% 1.66% 5.35% 1.08% -17.66% -17.78% -54.65% -109.95% 202.86% 4.39%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53% 65.53%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
34.42% 34.42% 34.42% 34.42% 34.41% 34.42% 34.41% 34.41% 34.42% 34.42% 34.40% 34.40%
No. of Shareholders 6,5096,8586,8176,8896,9406,9037,2017,9088,6999,2259,4909,732

* 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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