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Prices as of 9 Oct 2026 close · Not investment advice

MSP Steel & Power Limited

NSE: MSPLIron & Steel Products

Share price

₹30.34

+0.50% close of 9 Oct 2026

Market cap ₹1,720 CrP/E 12.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

49

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,720 Cr

P/E ratio

12.3

P/B ratio

1.7

ROCE

9.7%

ROE

13.9%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹44.7552-week low ₹26.45

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 4.0% over the past year, and 15.2% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 5.3% to 6.1% over the last four years.

Whether it grew faster than its sector

It grew 15.2% a year against a sector median of 10.6% — 4.5 percentage points faster.

Room to re-rate, or risk of de-rating

For most of its recorded history its earnings were a fraction of today's, so its past price multiples are not a fair comparison.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 67%.

Profit growthPrice per ₹1 profitPer 1% growth
MSP Steel & Power Limited — this one67%/yr12.3×₹0.18
Welspun Corp Limited119%/yr30.2×—
APL Apollo Tubes Limited23%/yr48.2×₹2.1
Shyam Metalics and Energy Limited9%/yr26.2×₹2.9
Ratnamani Metals & Tubes Limited-1%/yr40.3×—
Jindal Saw Limited14%/yr26.4×₹1.9

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel Products), it ranks 49 of 70 on returns, 25 of 68 on growth, 48 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 9.7% on capital, ahead of 30% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹703 crore of cash from the business, spent ₹215 crore on plant and equipment, and returned ₹489 crore to lenders and shareholders. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue grew 16% year-on-year to ₹827 Cr and net profit 22% to ₹22 Cr

Announced 31 Jul 2026 · Consolidated

Revenue

₹827 Cr

Revenue vs last year

+16.2%

Revenue vs last quarter

+1.3%

Net profit

₹22 Cr

Profit vs last year

+22.1%

Profit vs last quarter

-74.1%

Net margin

2.7%

EPS

₹0.39

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,720 Cr
Prev close
₹30.34
52w High
₹46.1
52w Low
₹26.3
Enterprise value
₹2,043 Cr
Beta
1.2
Price CAGR 1y
-16.0%
Price CAGR 3y
19.0%
Price CAGR 5y
26.0%
Price CAGR 10y
11.0%

Ratios

Return on assets
2.0%
PEG ratio
0.2
P/E ratio
12.3
P/B ratio
1.7
EV / EBITDA
11.0
Industry P/E
24.8
ROCE
9.7%
ROCE 5y average
6.6%
ROE
13.9%
Debt / Equity
0.4
Interest coverage
0.5
Dividend yield
0.0%
ROE 3y average
5.0%
ROE last year
14.0%

Annual P&L

Annual revenue
₹2,843 Cr
Annual profit
₹34 Cr
Operating margin
6.0%
Net profit margin
1.2%
EBITDA margin
6.3%
Sales growth 3y
3.7%
Sales growth 5y
10.5%
Profit growth 3y
67.0%
Profit growth 5y
94.0%
EPS
₹0.6
Sales growth TTM
4.0%
Profit growth TTM
905.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹827 Cr
Profit latest quarter
₹22 Cr
YoY quarterly sales growth
16.3%
YoY quarterly profit growth
22.2%
OPM latest quarter
6.4%

Balance Sheet

Book Value
₹17.6
Face Value
₹10.0
Total debt
₹352 Cr
Total cash
₹29 Cr
Borrowings
₹352 Cr
Reserves / Equity
0.8

Cash Flow

Operating cash flow
₹148 Cr
Free cash flow
₹89 Cr
FCF yield
2.4%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
45.1%
FII holding
1.2%
DII holding
15.8%
Public holding
37.9%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Welspun Corp2,624.6530.069,2360.181,047.9198.64,081.114.922.9
APL Apollo Tubes2,078.0046.957,6970.40263.110.95,606.78.431.8
Shyam Metalics1,054.2026.229,4260.42350.718.15,455.123.413.0
Jindal Saw270.2026.417,2800.7290.8-75.44,452.39.010.4
Ratnamani Metals2,455.4039.217,2100.40107.0-37.7971.6-15.617.9
Usha Martin508.0028.415,4810.73142.040.71,033.016.419.5
Godawari Power208.7517.114,0540.47222.42.71,750.532.320.5
MSP Steel & Pow.30.2512.31,7150.0022.023.2826.516.39.7
Median172.2522.79650.0014.328.3213.216.613.0

Competes with: A-One Steels India Limited, APL Apollo Tubes Limited, Gallantt Ispat Limited, Godawari Power And Ispat limited, Jindal Saw Limited, Ratnamani Metals & Tubes Limited, Shyam Metalics and Energy Limited, Usha Martin Limited, Welspun Corp Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales671674781748772656717760711677639816827
Expenses642645742724729630698715666654606739774
Material Cost585578547492612650
Change in Inventories22-17-1.734.187.463.28
Purchases of Stock-in-Trade3.592.730.8300.968.68
Employee Cost212222222223
Other Expenses848086889689
Operating Profit30293925432719454523337753
OPM %4.414.265.023.295.604.072.685.886.323.365.099.496.36
Other Income410101810021-100-113
Exceptional items (within Other Income)0.010-101-0.7500
Interest17202525212216231010111711
Depreciation14141413141314131414141414
Profit before tax3410410-8-101022-10074830
Tax %16014452-2273413-18542317-2625-7726
Net Profit-2-25137-108-3418-7558522
EPS in Rs-0.05-0.040.120.340.18-0.200.15-0.600.31-1.320.101.500.39
Diluted EPS in Rs-0.640.30-1.320.101.420.37

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0909028491,1601,6701,5331,7232,3402,5502,8742,9052,8432,959
Expenses1,0859137751,0431,5391,4511,5812,1842,4872,7482,7712,6652,773
Material Cost2,3552,229
Change in Inventories-4.15-6.74
Purchases of Stock-in-Trade3.794.52
Employee Cost7888
Other Expenses339351
Operating Profit5-11741171308214215564125134178185
OPM %0.40-1.2091085872.504.404.6066
Other Income5217111315384-98-96
Exceptional items (within Other Income)0.05-102
Interest109118123129798679748288814848
Depreciation53635657555455545455545556
Profit before tax-152-191-104-62-2-56830-57212.56-24-15
Tax %-32-5-10-10956204214-12311,208-243
Net Profit-104-182-94-56-21-68526-5114-283438
EPS in Rs-12-21-11-1.44-0.53-1.760.130.67-1.310.37-0.500.600.67
Diluted EPS in Rs-0.620.56
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
12%
5 years
11%
3 years
4%
TTM
4%

Compounded profit growth

10 years
11%
5 years
94%
3 years
67%
TTM
905%

Stock price CAGR

10 years
11%
5 years
26%
3 years
19%
1 year
-16%

Return on equity

10 years
-2%
5 years
3%
3 years
5%
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital868888385385385385385385385567567
Reserves508427335266249207175202153166381432
Borrowings1,2161,1421,202913884861797857832813294352
Other Liabilities218113171221182283153307277274293376
Minority Interest0.290.28
Total Liabilities2,0281,7701,7961,7861,6991,7371,5111,7511,6481,6381,5351,728
Fixed Assets1,1441,1271,0701,013959906855827826816790793
CWIP111111211111619
Investments755255505347404046454749
Other Assets698590670722686783615884776776691867
Total Assets2,0281,7701,7961,7861,6991,7371,5111,7511,6481,6381,5351,728

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity88-2273147947717811086170189148
Cash from Investing Activity-127841-1914-0-1-62-19-50-34-58
Cash from Financing Activity56-78-61-122-108-79-177-11-104-106-178-90
Net Cash Flow17-171360-2-037-3715-220
Free Cash Flow-3540731489278174853212515789

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3444583324181211119911
Inventory Days1281301751491081621048984787496
Days Payable463370784656345236343653
Cash Conversion Cycle11614216310487124824859534754
Working Capital Days495338323134382318141512
ROCE %-2-414526728610

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters424242424237353535384045
FIIs000.160.331.100.520.400.180.190.370.121.18
DIIs8.963.143.143.171.9113171717171716
Public495555545550484848454338
No. of Shareholders54,76448,60049,66051,68758,97059,46059,21158,80459,60957,64656,98355,388

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -18.4% (₹37.18 → ₹30.34)Brick size ₹1.49 (fixed)Bricks 34
₹35.00₹40.00₹45.00₹30.34Nov '25Jan '26Apr '26Jun '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹30.34 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

323inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about MSP Steel & Power Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Coking coal and coke
  • Dolomite
  • Iron ore / iron ore fines
  • Limestone
  • Silico manganese / ferro alloys
  • Steel scrap
  • Thermal (non-coking) coal

Depends on the price of

  • Coking Coal
  • Iron Ore
  • coal
  • steel

Products sold by

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Iron & Steel Products
Classification
Capital Goods › Iron & Steel Products
ISIN
INE752G01015

Plants

  • MSP Integrated Steel Plant, Jamgaon

News impact

Big market events that reach MSP Steel & Power Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

14 Sep 2012unspecified₹0.25
8 Sep 2011unspecified₹0.5
16 Sep 2010unspecified₹0.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 2, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.