MSP Steel & Power Limited MSPL NSEINFRA

Basic Materials · Steel · India

https://www.mspsteel.com

MSP Steel & Power Limited, together with its subsidiaries, manufactures and trades for the sale of iron and steel products in India and internationally. The company provides TMT bars, MS billets, sponge iron, and pellets; structural steel products, including beams, channels, angles, and round bars for industrial, infrastructural, engineering, domestic, and agricultural sectors; and value-added products. It also offers various pipes, such as black steel, and square and rectangular hollow sections black pipes for water pipelines, firefighting system and air-conditioning, chemical, gas and construction industries, agriculture and irrigation, and general engineering. In addition, the company engages in the power generation business; and sale of scrap and by-products. MSP Steel & Power Limited was incorporated in 1968 and is based in Kolkata, India.

Market & Price

Market Cap

₹2,421.36 Cr

Current Price

₹42.72

High / Low (52W)

₹43.07 / ₹26.42

Beta

0.72

Valuation

Stock P/E

Industry PE

23.81

Forward P/E

PEG Ratio

Book Value

₹16.10

Price to Book

2.65

P/S

0.87

EV/EBITDA

18.93

Dividend Yield

Profitability & Returns

ROCE

4.91%

ROE

ROA

Profit Margin

-3.05%

Op Margin

2.93%

EPS (Latest Qtr)

₹0.10

EPS (TTM)

₹-1.67

Balance Sheet & Liquidity

Debt/Equity

0.31

Quick Ratio

Current Ratio

Debt

₹281.37 Cr

Total Assets

₹1,534.93 Cr

Current Assets

₹672.69 Cr

Working Capital

₹138.28 Cr

Ownership

Promoter Holding

77.77%

Chg in Prom Hold

FII / Inst Holding

2.19%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹2,698.92 Cr

Total Revenue (TTM)

₹2,793.64 Cr

EBITDA

₹142.61 Cr

Free Cash Flow

Operating Cash Flow

Shares Outstanding

₹56.68 Cr

Gross Margin

20.05%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

7.55%

Profit 5Y

-70.11%

Revenue (YoY)

-10.90%

Earnings (YoY)

-46.00%

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -70.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MSPL MSP Steel & Power Limited NSEINFRA	42.72	-	₹2,421.36 Cr	-	4.91%	-	7.55%	-70.11%
2	ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA	11,482.00	41.32	₹3.38 L Cr	0.67%	11.90%	10.59%	12.40%	17.26%
3	JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA	1,278.00	14.01	₹3.12 L Cr	0.56%	19.15%	27.26%	3.61%	75.28%
4	HINDZINC Hindustan Zinc Limited NSEINFRA	632.95	19.34	₹2.67 L Cr	3.32%	62.35%	76.94%	5.61%	9.58%
5	TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA	208.02	28.34	₹2.59 L Cr	1.92%	11.32%	11.16%	-1.59%	7.21%
6	HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA	1,126.70	18.73	₹2.52 L Cr	0.44%	9.50%	10.29%	7.40%	9.87%
7	GRASIM Grasim Industries Limited NIFTY50NSEINFRA	3,122.40	42.74	₹2.12 L Cr	0.32%	4.00%	6.29%	14.63%	-10.06%
8	SOLARINDS Solar Industries India Limited NSEINFRA	18,247.00	98.04	₹1.65 L Cr	0.06%	29.51%	31.33%	13.27%	30.36%
9	PIDILITIND Pidilite Industries Limited NSEINFRA	1,482.80	61.73	₹1.51 L Cr	0.67%	28.48%	23.52%	7.50%	24.36%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	711.50 Cr	737.25 Cr	710.86 Cr	676.86 Cr	638.92 Cr
Cost of Revenue	-	582.70 Cr	816.70 Cr	563.99 Cr	545.85 Cr	496.16 Cr
Gross Profit	-	128.80 Cr	-79.44 Cr	146.87 Cr	131.01 Cr	142.76 Cr
Operating Expenses	-	123.09 Cr	-110.75 Cr	115.65 Cr	121.97 Cr	124.05 Cr
Operating Income	13.47 Cr	5.71 Cr	31.31 Cr	31.22 Cr	9.05 Cr	-
EBITDA	26.83 Cr	19.67 Cr	11.94 Cr	45.44 Cr	-76.94 Cr	-
Interest Expense	-	15.89 Cr	-11.92 Cr	10.23 Cr	9.83 Cr	10.82 Cr
Pretax Income	-	-9.71 Cr	10.48 Cr	21.53 Cr	-100.49 Cr	7.30 Cr
Tax Provision	-	-17.93 Cr	44.31 Cr	3.69 Cr	-25.73 Cr	1.80 Cr
Net Income	-	8.22 Cr	-33.83 Cr	17.84 Cr	-74.76 Cr	5.49 Cr
Diluted EPS	-0.25	0.18	-	0.30	-1.32	0.10

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	2,317.22 Cr	2,534.48 Cr	2,854.67 Cr	2,882.43 Cr
Cost of Revenue	2,047.20 Cr	2,306.38 Cr	2,527.24 Cr	2,561.25 Cr
Gross Profit	270.02 Cr	228.10 Cr	327.43 Cr	321.18 Cr
Operating Expenses	170.96 Cr	207.45 Cr	226.72 Cr	241.08 Cr
Operating Income	99.06 Cr	20.65 Cr	100.71 Cr	80.11 Cr
EBITDA	150.29 Cr	66.41 Cr	151.92 Cr	102.91 Cr
Interest Expense	65.92 Cr	69.51 Cr	75.82 Cr	46.60 Cr
Pretax Income	29.90 Cr	-57.18 Cr	20.69 Cr	2.56 Cr
Tax Provision	4.22 Cr	-6.58 Cr	6.35 Cr	30.92 Cr
Net Income	25.70 Cr	-50.58 Cr	14.36 Cr	-28.35 Cr
Diluted EPS	0.62	-1.31	0.34	-0.62

Compounded Sales Growth

5 Years:	7.55%
1 Year:	-10.90%

Compounded Profit Growth

5 Years:	-70.11%
1 Year:	-46.00%

Stock Price Performance

1 Year:	+50.37%
6 Months:	+23.15%
3 Months:	+34.72%
1 Month:	+20.47%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	1,751.16 Cr	1,647.93 Cr	1,637.74 Cr	1,534.93 Cr
Current Assets	849.38 Cr	730.32 Cr	741.22 Cr	672.69 Cr
Cash & Equivalents	48.31 Cr	10.99 Cr	26.11 Cr	4.04 Cr
Inventory	457.56 Cr	483.88 Cr	490.47 Cr	474.39 Cr
Receivables	70.49 Cr	76.26 Cr	71.31 Cr	75.02 Cr
Total Liabilities	1,132.49 Cr	1,077.68 Cr	1,055.11 Cr	555.62 Cr
Current Liabilities	605.28 Cr	574.26 Cr	573.98 Cr	534.41 Cr
Long Term Debt	526.00 Cr	502.08 Cr	477.35 Cr	11.70 Cr
Total Debt	825.73 Cr	801.32 Cr	781.48 Cr	262.44 Cr
Total Equity	618.35 Cr	569.94 Cr	582.34 Cr	979.02 Cr
Shares Outstanding	38.54 Cr	38.54 Cr	38.54 Cr	56.68 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	110.10 Cr	85.80 Cr	170.39 Cr	189.28 Cr
Investing Cash Flow	-62.15 Cr	-19.19 Cr	-49.55 Cr	-33.83 Cr
Financing Cash Flow	-10.91 Cr	-103.94 Cr	-105.72 Cr	-177.51 Cr
Capital Expenditure	-25.61 Cr	-53.73 Cr	-45.70 Cr	-32.45 Cr
Free Cash Flow	84.49 Cr	32.06 Cr	124.69 Cr	156.83 Cr
Net Change in Cash	37.04 Cr	-37.32 Cr	15.12 Cr	-22.06 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	11.7%	9.0%	11.5%	11.1%
Operating Margin %	4.3%	0.8%	3.5%	2.8%
Net Margin %	1.1%	-2.0%	0.5%	-1.0%
ROE %	4.2%	-8.9%	2.5%	-2.9%
ROCE %	8.6%	1.9%	9.5%	8.0%

Shareholding Pattern

Insiders

77.77%

Institutions

2.19%

Public Float

9.87%

Analyst View

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MSPL · Basic Materials