MSP Steel & Power
MSPL NSE
MSP Steel & Power
Industrial ProductsNSE: MSPL BSE: 532650 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹1,914 Cr
Volatility
Moderate
P/E Ratio
50.69
EBITDA
₹76.01 Cr
Return on Equity
-2.9%
Debt to Equity
0.31
Book Value
₹18.18
52W High
₹46.12
52W Low
₹26.25
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has delivered good profit growth of 94.4% CAGR over last 5 years
- Promoter holding has increased by 4.90% over last quarter.
Weaknesses
3- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 5.32% over last 3 years.
- Promoters have pledged 63.5% of their holding.
Growth Rate
Revenue Growth
-2.26% lower than
3Y
Net Income Growth
-16.73% lower than
3Y
Cash Flow Change
11.09% lower than
3Y
ROE
-218% lower than
3Y
ROCE
-18.02% lower than
3Y
EBITDA Margin (Avg.)
-43.43% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 671 | 674 | 781 | 748 | 772 | 656 | 717 | 760 | 711 | 677 | 639 | 816 | 827 |
| Expenses | 642 | 645 | 742 | 724 | 729 | 630 | 698 | 715 | 666 | 654 | 606 | 739 | 774 |
| Operating Profit | 30 | 29 | 39 | 25 | 43 | 27 | 19 | 45 | 45 | 23 | 33 | 77 | 53 |
| OPM % | 4.4% | 4.3% | 5% | 3.3% | 6% | 4.1% | 2.7% | 6% | 6% | 3.4% | 5% | 9% | 6% |
| Other Income | 4 | 10 | 10 | 18 | 1 | 0 | 0 | 2 | 1 | -100 | -1 | 1 | 3 |
| Interest | 17 | 20 | 25 | 25 | 21 | 22 | 16 | 23 | 10 | 10 | 11 | 17 | 11 |
| Depreciation | 14 | 14 | 14 | 13 | 14 | 13 | 14 | 13 | 14 | 14 | 14 | 14 | 14 |
| PBT | 3 | 4 | 10 | 4 | 10 | -8 | -10 | 10 | 22 | -100 | 7 | 48 | 30 |
| Tax % | 160% | 144% | 52% | -227% | 34% | 13% | -185% | 423% | 17% | -26% | 25% | -77% | 26% |
| Net Profit | -2 | -2 | 5 | 13 | 7 | -10 | 8 | -34 | 18 | -75 | 5 | 85 | 22 |
| EPS in Rs | -0.05 | -0.04 | 0.12 | 0.34 | 0.18 | -0.2 | 0.15 | -0.6 | 0.31 | -1.32 | 0.1 | 1.5 | 0.39 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,090 | 902 | 849 | 1,160 | 1,670 | 1,533 | 1,723 | 2,340 | 2,550 | 2,874 | 2,905 | 2,843 | 2,959 |
| Expenses | 1,085 | 913 | 775 | 1,043 | 1,539 | 1,451 | 1,581 | 2,184 | 2,487 | 2,748 | 2,771 | 2,665 | 2,773 |
| Operating Profit | 5 | -11 | 74 | 117 | 130 | 82 | 142 | 155 | 64 | 125 | 134 | 178 | 185 |
| OPM % | 0.4% | -1.2% | 9% | 10% | 8% | 5% | 8% | 7% | 2.5% | 4.4% | 4.6% | 6% | 6% |
| Other Income | 5 | 2 | 1 | 7 | 1 | 1 | 1 | 3 | 15 | 38 | 4 | -98 | -96 |
| Interest | 109 | 118 | 123 | 129 | 79 | 86 | 79 | 74 | 82 | 88 | 81 | 48 | 48 |
| Depreciation | 53 | 63 | 56 | 57 | 55 | 54 | 55 | 54 | 54 | 55 | 54 | 55 | 56 |
| PBT | -152 | -191 | -104 | -62 | -2 | -56 | 8 | 30 | -57 | 21 | 3 | -24 | -15 |
| Tax % | -32% | -5% | -10% | -10% | 956% | 20% | 42% | 14% | -12% | 31% | 1208% | -243% | — |
| Net Profit | -104 | -182 | -94 | -56 | -21 | -68 | 5 | 26 | -51 | 14 | -28 | 34 | 38 |
| EPS in Rs | -11.76 | -20.71 | -10.64 | -1.44 | -0.53 | -1.76 | 0.13 | 0.67 | -1.31 | 0.37 | -0.5 | 0.6 | 0.67 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 86 | 88 | 88 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 567 | 567 |
| Reserves | 508 | 427 | 335 | 266 | 249 | 207 | 175 | 202 | 153 | 166 | 381 | 463 |
| Borrowings | 1,216 | 1,142 | 1,202 | 913 | 884 | 861 | 797 | 857 | 832 | 813 | 294 | 321 |
| Other Liabilities | 218 | 113 | 171 | 221 | 182 | 283 | 153 | 307 | 277 | 274 | 293 | 376 |
| Total Liabilities | 2,028 | 1,770 | 1,796 | 1,786 | 1,699 | 1,737 | 1,511 | 1,751 | 1,648 | 1,638 | 1,535 | 1,728 |
| Fixed Assets | 1,144 | 1,127 | 1,070 | 1,013 | 959 | 906 | 855 | 827 | 826 | 816 | 790 | 794 |
| CWIP | 111 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 18 |
| Investments | 75 | 52 | 55 | 50 | 53 | 47 | 40 | 40 | 46 | 45 | 47 | 49 |
| Other Assets | 698 | 590 | 670 | 722 | 686 | 783 | 615 | 884 | 776 | 776 | 697 | 867 |
| Total Assets | 2,028 | 1,770 | 1,796 | 1,786 | 1,699 | 1,737 | 1,511 | 1,751 | 1,648 | 1,638 | 1,535 | 1,728 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 88 | -22 | 73 | 147 | 94 | 77 | 178 | 110 | 86 | 170 | 189 | 148 |
| Investing | -127 | 84 | 1 | -19 | 14 | 0 | -1 | -62 | -19 | -50 | -34 | -58 |
| Financing | 56 | -78 | -61 | -122 | -108 | -79 | -177 | -11 | -104 | -106 | -178 | -90 |
| Net Cash Flow | 17 | -17 | 13 | 6 | 0 | -2 | 0 | 37 | -37 | 15 | -22 | 0 |
| Free Cash Flow | -35 | 40 | 73 | 148 | 92 | 78 | 174 | 85 | 32 | 125 | 157 | 89 |
| CFO/OP | 1,886 | 200 | 100 | 126 | 73 | 97 | 125 | 73 | 138 | 138 | 144 | 78 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 44 | 58 | 33 | 24 | 18 | 12 | 11 | 11 | 9 | 9 | 11 |
| Inventory Days | 128 | 130 | 175 | 149 | 108 | 162 | 104 | 89 | 84 | 78 | 74 | 96 |
| Days Payable | 46 | 33 | 70 | 78 | 46 | 56 | 34 | 52 | 36 | 34 | 36 | 53 |
| Cash Conversion Cycle | 116 | 142 | 163 | 104 | 87 | 124 | 82 | 48 | 59 | 53 | 47 | 54 |
| Working Capital Days | 49 | 53 | 38 | 32 | 31 | 34 | 38 | 23 | 18 | 14 | 15 | 12 |
| ROCE % | -2% | -4% | 1% | 4% | 5% | 2% | 6% | 7% | 2% | 8% | 6% | 10% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view MSP Steel & Power insights
63 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 May - Circular dated January 30, 2026, we submit herewith copies of newspaper advertisements published today in Business Standard (English newspaper) and Arthik Lipi (Bengali newspaper) 6 May - Circular dated January 30, 2026, we submit herewith copies of newspaper advertisements published today in Business Standard (English newspaper) and Arthik Lipi (Bengali newspaper)
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
25 Apr - MSP Steel does not qualify as a Large Corporate; initial disclosure not applicable for FY2026-27. 25 Apr - MSP Steel does not qualify as a Large Corporate; initial disclosure not applicable for FY2026-27.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
13h - MSP Steel does not qualify as a Large Corporate; initial disclosure not applicable for FY2026-27. 13h - MSP Steel does not qualify as a Large Corporate; initial disclosure not applicable for FY2026-27.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 21 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10h - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 10h - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
Frequently Asked Questions about MSP Steel & Power
What does MSP Steel & Power Ltd do?
Incorporated in 1968, MSP Steel & Power
Ltd manufactures and sells of iron and steel products and does generation of power[1]
Where is MSP Steel & Power Ltd (MSPL) listed?
MSP Steel & Power Ltd trades as MSPL on the NSE and under code 532650 on the BSE.
Which sector does MSP Steel & Power Ltd belong to?
MSP Steel & Power Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of MSP Steel & Power Ltd?
MSP Steel & Power Ltd has a market capitalisation of ₹1,914 Cr, which places it in the Small Cap band.
What is the PE ratio of MSP Steel & Power Ltd?
MSP Steel & Power Ltd trades at a PE ratio of 50.69, against a book value of ₹18.18 per share.
What is the 52-week high and low of MSP Steel & Power Ltd?
Over the last 52 weeks MSP Steel & Power Ltd has traded between ₹26.25 and ₹46.12.
What is the Return on Equity (ROE) of MSP Steel & Power Ltd?
MSP Steel & Power Ltd reported a return on equity of -2.90%. Its debt-to-equity ratio is 0.31.
Company Information
Incorporated in 1968, MSP Steel & Power Ltd manufactures and sells of iron and steel products and does generation of power[1]
Website mspsteel.com
CEO Mr. Saket Agrawal
Employees 1,236
Listed 2005-07-18
Face Value ₹ 10
Issued Size 56,67,96,645
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