MSP Steel & Power Ltd

MSP Steel & Pow. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MSP Steel & Power Ltd

₹ 42.0 3.60%
22 Nov - close price
mspsteel.com BSE: 532650 NSE: MSPL
About

Incorporated in 1968, MSP Steel & Power
Ltd manufactures and sells of iron and steel products and does generation of power[1]

Key Points

Business Overview:[1]
MSPSPL manufactures sponge iron and trades in steel products which includes construction bars, structural rolling mills, M.S Billet, power, pallet and sponge iron. It also deals in power generation

Website BSE NSE - BE
  • Market Cap ₹ 2,024 Cr.
  • Current Price ₹ 42.0
  • High / Low ₹ 64.5 / 21.6
  • Stock P/E 134
  • Book Value ₹ 12.0
  • Dividend Yield 0.00 %
  • ROCE 7.92 %
  • ROE 2.63 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 21.0% CAGR over last 5 years

Cons

  • Stock is trading at 3.49 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.65% over last 3 years.
  • Promoters have pledged 99.6% of their holding.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
571.74 588.54 652.88 624.52 586.81 661.65 677.42 671.12 673.59 780.74 748.41 772.00 656.32
529.75 563.37 603.54 610.80 620.69 631.56 623.52 641.53 644.89 741.54 723.76 728.73 629.64
Operating Profit 41.99 25.17 49.34 13.72 -33.88 30.09 53.90 29.59 28.70 39.20 24.65 43.27 26.68
OPM % 7.34% 4.28% 7.56% 2.20% -5.77% 4.55% 7.96% 4.41% 4.26% 5.02% 3.29% 5.60% 4.07%
0.39 0.23 2.92 0.54 3.82 0.71 9.99 4.23 9.70 10.00 17.72 1.19 0.14
Interest 19.19 18.26 20.60 18.74 18.30 19.27 25.68 16.86 20.32 25.37 25.13 20.58 22.05
Depreciation 13.75 13.85 13.33 13.54 13.58 13.64 13.32 13.96 14.36 13.83 13.26 13.64 13.22
Profit before tax 9.44 -6.71 18.33 -18.02 -61.94 -2.11 24.89 3.00 3.72 10.00 3.98 10.24 -8.45
Tax % 0.85% 2.53% 20.08% -18.87% -5.93% -218.01% 20.45% 160.33% 144.09% 52.30% -227.39% 33.79% 12.78%
9.36 -6.88 14.65 -14.61 -58.27 2.50 19.80 -1.81 -1.64 4.78 13.02 6.78 -9.53
EPS in Rs 0.24 -0.18 0.38 -0.38 -1.51 0.06 0.51 -0.05 -0.04 0.12 0.34 0.18 -0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
920 1,191 1,090 902 849 1,160 1,670 1,533 1,723 2,340 2,550 2,874 2,957
759 1,032 1,085 913 775 1,043 1,539 1,462 1,581 2,184 2,487 2,748 2,824
Operating Profit 161 159 5 -11 74 117 130 70 142 155 64 125 134
OPM % 18% 13% 0% -1% 9% 10% 8% 5% 8% 7% 2% 4% 5%
6 36 5 2 1 7 1 1 1 3 15 38 29
Interest 91 109 109 118 123 129 79 86 79 74 82 88 93
Depreciation 46 55 53 63 56 57 55 54 55 54 54 55 54
Profit before tax 30 32 -152 -191 -104 -62 -2 -68 8 30 -57 21 16
Tax % 33% 34% -32% -5% -10% -10% 956% 11% 42% 14% -12% 31%
20 21 -104 -182 -94 -56 -21 -76 5 26 -51 14 15
EPS in Rs 2.28 2.42 -11.76 -20.71 -10.64 -1.44 -0.53 -1.97 0.13 0.67 -1.31 0.37 0.44
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 19%
TTM: 10%
Compounded Profit Growth
10 Years: -4%
5 Years: 21%
3 Years: 43%
TTM: -19%
Stock Price CAGR
10 Years: 10%
5 Years: 51%
3 Years: 67%
1 Year: 82%
Return on Equity
10 Years: -10%
5 Years: -3%
3 Years: -1%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 86 86 86 88 88 385 385 385 385 385 385 385 385
Reserves 602 612 508 427 335 266 249 177 175 202 153 166 194
1,063 1,106 1,216 1,142 1,202 913 884 892 797 857 832 813 737
319 336 218 113 171 221 182 283 153 307 277 274 238
Total Liabilities 2,070 2,140 2,028 1,770 1,796 1,786 1,699 1,738 1,511 1,751 1,648 1,638 1,555
890 1,003 1,144 1,127 1,070 1,013 959 906 855 827 826 816 795
CWIP 187 182 111 1 1 1 2 1 1 1 1 1 1
Investments 48 48 75 52 55 50 53 47 40 40 46 45 45
945 907 698 590 670 722 686 784 615 884 776 776 715
Total Assets 2,070 2,140 2,028 1,770 1,796 1,786 1,699 1,738 1,511 1,751 1,648 1,638 1,555

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-144 275 88 -22 73 147 94 77 178 110 86 170
-131 -192 -127 84 1 -19 14 -0 -1 -62 -19 -50
273 -84 56 -78 -61 -122 -108 -79 -177 -11 -104 -106
Net Cash Flow -3 -1 17 -17 13 6 0 -2 -0 37 -37 15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 50 59 34 44 58 33 24 18 12 11 11 9
Inventory Days 187 123 128 130 175 149 108 160 104 89 84 78
Days Payable 90 64 46 33 70 78 46 55 34 52 36 34
Cash Conversion Cycle 146 117 116 142 163 104 87 122 82 48 59 53
Working Capital Days 160 121 127 156 150 112 86 96 85 70 61 53
ROCE % 8% 8% -2% -4% 1% 4% 5% 1% 6% 7% 2% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
41.62% 41.62% 41.62% 41.61% 41.61% 41.61% 41.61% 41.61% 41.61% 41.61% 42.34% 42.34%
0.00% 0.01% 0.04% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.16% 0.33% 1.10%
22.89% 18.38% 17.25% 16.64% 16.61% 16.60% 16.60% 8.96% 3.14% 3.14% 3.17% 1.91%
35.49% 39.99% 41.09% 41.74% 41.77% 41.79% 41.79% 49.43% 55.24% 55.08% 54.16% 54.65%
No. of Shareholders 27,19856,57757,29558,16757,38457,69057,53654,76448,60049,66051,68758,970

* 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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