---
title: "MSP Steel & Power Ltd (MSPL) — Share Price, Financials & Analysis"
symbol: "MSPL"
company: "MSP Steel & Power Ltd"
canonical: "https://tapetide.com/stocks/MSPL"
isin: "INE752G01015"
nse_symbol: "MSPL"
bse_code: "532650"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 1913.51
generated_at: "2026-09-13T18:35:38.893Z"
---

# MSP Steel & Power Ltd (MSPL)

Canonical page: https://tapetide.com/stocks/MSPL

## Company

- **NSE Symbol:** MSPL
- **BSE Code:** 532650
- **ISIN:** INE752G01015
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2005-07-18
- **CEO:** Mr. Saket Agrawal
- **Employees:** 1236
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mspsteel.com

## About

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

## Latest Price

- **Price:** ₹33.96
- **Change:** -0.44 (-1.28%)
- **Open:** ₹34.11
- **Day High:** ₹34.53
- **Day Low:** ₹33.06
- **Previous Close:** ₹34.4
- **Volume:** 493940
- **As Of:** 2026-09-11T09:59:53+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:37.543650Z.

- **Market Cap:** ₹1913.51 Cr
- **Classification:** Microcap
- **P/E (reported):** 51.4
- **P/E (TTM):** 50.69
- **EPS (TTM):** ₹0.67
- **Book Value:** ₹18.18
- **Price to Book:** 1.89
- **Dividend Yield:** 0%
- **ROE:** -2.9%
- **ROCE:** 8.37%
- **Debt to Equity:** 0.31
- **Revenue (yearly):** ₹2842.96 Cr
- **Net Income:** ₹-23.65 Cr
- **EBITDA:** ₹76.01 Cr
- **52-Week High:** ₹46.12
- **52-Week Low:** ₹26.25
- **RSI (14):** 45.44

## Tapetide Score

- **Score:** 37 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 8.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 30.57 | 9% |
| growth | 28.1 | 9% |
| momentum | 44.22 | 12% |
| ownership | 57.37 | 24% |
| quality | 48.19 | 22% |
| valuation | 36.54 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- 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

- 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 Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 11.09% | 120.61% | 6.15% |
| ebitda margin growth | -29.99% | -43.43% | -52.49% | -60.56% |
| net income growth | -74.18% | -16.73% | 67% | 94% |
| revenue growth | 1.41% | -2.26% | 4% | 11% |
| roce | -37.03% | -18.02% | 262.34% | 7.54% |
| roe | -74.2% | -217.89% | -3.1% | -453.66% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 674 | 781 | 748 | 772 | 656 | 717 | 760 | 711 | 677 | 639 | 816 | 827 |
| Expenses | 645 | 742 | 724 | 729 | 630 | 698 | 715 | 666 | 654 | 606 | 739 | 774 |
| Operating Profit | 29 | 39 | 25 | 43 | 27 | 19 | 45 | 45 | 23 | 33 | 77 | 53 |
| OPM % | 4.3 | 5 | 3.3 | 6 | 4.1 | 2.7 | 6 | 6 | 3.4 | 5 | 9 | 6 |
| Other Income | 10 | 10 | 18 | 1 | 0 | 0 | 2 | 1 | -100 | -1 | 1 | 3 |
| Interest | 20 | 25 | 25 | 21 | 22 | 16 | 23 | 10 | 10 | 11 | 17 | 11 |
| Depreciation | 14 | 14 | 13 | 14 | 13 | 14 | 13 | 14 | 14 | 14 | 14 | 14 |
| Profit before tax | 4 | 10 | 4 | 10 | -8 | -10 | 10 | 22 | -100 | 7 | 48 | 30 |
| Tax % | 144 | 52 | -227 | 34 | 13 | -185 | 423 | 17 | -26 | 25 | -77 | 26 |
| Net Profit | -2 | 5 | 13 | 7 | -10 | 8 | -34 | 18 | -75 | 5 | 85 | 22 |
| EPS in Rs | -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

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1160 | 1670 | 1533 | 1723 | 2340 | 2550 | 2874 | 2905 | 2843 | 2959 |
| Expenses | 1043 | 1539 | 1451 | 1581 | 2184 | 2487 | 2748 | 2771 | 2665 | 2773 |
| Operating Profit | 117 | 130 | 82 | 142 | 155 | 64 | 125 | 134 | 178 | 185 |
| OPM % | 10 | 8 | 5 | 8 | 7 | 2.5 | 4.4 | 4.6 | 6 | 6 |
| Other Income | 7 | 1 | 1 | 1 | 3 | 15 | 38 | 4 | -98 | -96 |
| Interest | 129 | 79 | 86 | 79 | 74 | 82 | 88 | 81 | 48 | 48 |
| Depreciation | 57 | 55 | 54 | 55 | 54 | 54 | 55 | 54 | 55 | 56 |
| Profit before tax | -62 | -2 | -56 | 8 | 30 | -57 | 21 | 3 | -24 | -15 |
| Tax % | -10 | 956 | 20 | 42 | 14 | -12 | 31 | 1208 | -243 | — |
| Net Profit | -56 | -21 | -68 | 5 | 26 | -51 | 14 | -28 | 34 | 38 |
| EPS in Rs | -1.44 | -0.53 | -1.76 | 0.13 | 0.67 | -1.31 | 0.37 | -0.5 | 0.6 | 0.67 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 88 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 567 | 567 |
| Reserves | 335 | 266 | 249 | 207 | 175 | 202 | 153 | 166 | 381 | 463 |
| Borrowings | 1202 | 913 | 884 | 861 | 797 | 857 | 832 | 813 | 294 | 321 |
| Other Liabilities | 171 | 221 | 182 | 283 | 153 | 307 | 277 | 274 | 293 | 376 |
| Total Liabilities | 1796 | 1786 | 1699 | 1737 | 1511 | 1751 | 1648 | 1638 | 1535 | 1728 |
| Fixed Assets | 1070 | 1013 | 959 | 906 | 855 | 827 | 826 | 816 | 790 | 794 |
| CWIP | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 18 |
| Investments | 55 | 50 | 53 | 47 | 40 | 40 | 46 | 45 | 47 | 49 |
| Other Assets | 670 | 722 | 686 | 783 | 615 | 884 | 776 | 776 | 697 | 867 |
| Total Assets | 1796 | 1786 | 1699 | 1737 | 1511 | 1751 | 1648 | 1638 | 1535 | 1728 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 73 | 147 | 94 | 77 | 178 | 110 | 86 | 170 | 189 | 148 |
| Cash from Investing Activity | 1 | -19 | 14 | 0 | -1 | -62 | -19 | -50 | -34 | -58 |
| Cash from Financing Activity | -61 | -122 | -108 | -79 | -177 | -11 | -104 | -106 | -178 | -90 |
| Net Cash Flow | 13 | 6 | 0 | -2 | 0 | 37 | -37 | 15 | -22 | 0 |
| Free Cash Flow | 73 | 148 | 92 | 78 | 174 | 85 | 32 | 125 | 157 | 89 |
| CFO/OP | 100 | 126 | 73 | 97 | 125 | 73 | 138 | 138 | 144 | 78 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 58 | 33 | 24 | 18 | 12 | 11 | 11 | 9 | 9 | 11 |
| Inventory Days | 175 | 149 | 108 | 162 | 104 | 89 | 84 | 78 | 74 | 96 |
| Days Payable | 70 | 78 | 46 | 56 | 34 | 52 | 36 | 34 | 36 | 53 |
| Cash Conversion Cycle | 163 | 104 | 87 | 124 | 82 | 48 | 59 | 53 | 47 | 54 |
| Working Capital Days | 38 | 32 | 31 | 34 | 38 | 23 | 18 | 14 | 15 | 12 |
| ROCE % | 1 | 4 | 5 | 2 | 6 | 7 | 2 | 8 | 6 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 41.62% | 41.62% | 41.62% | 42.34% | 42.34% | 36.86% | 35.24% | 35.24% | 35.24% | 37.74% | 40.22% | 45.12% |
| FIIs | 0% | 0% | 0.16% | 0.33% | 1.1% | 0.52% | 0.4% | 0.18% | 0.18% | 0.37% | 0.12% | 1.18% |
| DIIs | 8.96% | 3.14% | 3.14% | 3.17% | 1.91% | 12.9% | 16.7% | 16.7% | 16.7% | 16.7% | 16.8% | 15.78% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 15.64% | 19.81% | 19.88% | 19.7% | 19.92% | 14.04% | 13.75% | 14.1% | 14.06% | 13.71% | 14.04% | 14.06% |
| Others | 33.78% | 35.43% | 35.2% | 34.46% | 34.72% | 35.68% | 33.91% | 33.77% | 33.82% | 31.48% | 28.82% | 23.87% |
| No. of Shareholders | 54764 | 48600 | 49660 | 51687 | 58970 | 59460 | 59211 | 58804 | 59609 | 57646 | 56983 | 55388 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 34.9 | Sell |
| EMA (10) | 34.67 | Sell |
| SMA (20) | 34.68 | Sell |
| EMA (20) | 34.88 | Sell |
| SMA (50) | 35.92 | Sell |
| EMA (50) | 35.92 | Sell |
| SMA (100) | 38.22 | Sell |
| EMA (100) | 36.42 | Sell |
| SMA (200) | 35.66 | Sell |
| EMA (200) | 35.55 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.27 | Neutral |
| MACD (12,26,9) | -0.36 | Buy |
| Stochastic (14,3,3) | 26.59 | Neutral |
| ADX (14) | 15.85 | Neutral |
| Williams %R (14) | -79.64 | Neutral |
| ATR (14) | 1.32 | High Volatility |
| ROC (12) | -1.96 | Sell |
| Stoch RSI (14) | 31.26 | Neutral |
| UO (7,14,28) | 39.16 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5a64359-0421-4151-bdca-4247e035dbfe.pdf) |
| 2026-09-07 | [Notice Of The 57Th Annual General Meeting Of The Company For Financial Year 2025-26 To Be Held On 30/09/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c4a5dfa-7791-4908-8d54-6b7e28174395.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=099ef7fb-0cc4-4340-b7eb-7ea483a45595.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=202a8031-45dc-48bb-856e-f256b8a47d0f.pdf) |
| 2026-09-02 | [Board Meeting Outcome for Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30312272-36a5-4e91-9503-7a3e9ed548a7.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23f905b0-6274-45f1-a5ea-452fe46a6882.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71c99940-17c0-4b89-9666-ef839a6b534c.pdf) |
| 2026-07-31 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 31St July 2026 Under Regulation 30 Of The Listing Regulations For The 1St Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1f0f4f6-e81e-48b9-9c25-45173fb258d6.pdf) |
| 2026-07-31 | [Statement Of Deviation & Variation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73af5659-13e6-473a-9130-aa3fdcd2528d.pdf) |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0799e172-628e-44d8-ad2c-bed40702ccec.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=599eb76d-1e77-4b63-bd96-5f362f4e6944.pdf) |
| 2025-02-13 | [Outcome Of Board Meeting For Submission Of Un - Audited Standalone And Consolidated Financial Results And Limited Review Report For The Quarter And Nine Months Ended On 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d241461-1e16-44fb-9d52-e517d5b6b972.pdf) |
| 2024-11-14 | [Submission Of Un - Audited Standalone And Consolidated Financial Results And Limited Review Report For The Quarter And Half Year Ended On 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7b772b9-3b09-4a05-841f-f03349dc348f.pdf) |
| 2024-08-14 | [Submission Of Unaudited Standalone And Consolidated Financial Result And Audit Report For The Quarter Ended 30Th June 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=008a94e0-9586-4d8f-97a5-e875c161a8d8.pdf) |
| 2024-05-30 | [Submission Of Audited Standalone And Consolidated Financial Results And Audit Report For The Quarter And Year Ended On 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86c0abe7-f901-42f9-a8fd-bcbe32fb7aa8.pdf) |
| 2024-02-13 | [Results For 3Rd Quarter December 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0129224a-3560-425a-a66c-2e7c381682d4.pdf) |
| 2023-11-08 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37e7f308-167c-438c-b781-ba9a1de7d449.pdf) |
| 2023-08-10 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d20b242-4370-4d02-b663-4c7aa56530c3.pdf) |
| 2023-05-29 | [Submission Of Audited Standalone And Consolidated Financial Results And Audit Report For The<BR> Quarter And Year Ended On 31.03.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e6c7136-c910-4a6b-a892-7b0139c89470.pdf) |
| 2023-02-14 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90ed1678-a0dd-42ba-aeeb-8d70ec055a5d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Promoter-group bought total 2,753,000 shares across Sampat, Ilex, Jagran between 05–09 Mar 2026. | [Open Market Purchase Of Equity Shares By Promoter Entities 8h - Promoter-group bought total 2,753,000 shares across Sampat, Ilex, Jagran between 05–09 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9bf3ddf9-9efb-47ae-9273-139ec350b48f.pdf) |
| 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) | [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)](https://www.bseindia.com/xml-data/corpfiling/AttachLive/97e07565-71f4-4dfa-9d4a-008700c3017a.pdf) |
| 5 Mar - Promoter entities purchased 60,000; 900,000; 897,000 shares on 26-27 Feb 2026. | [Open Market Purchase Of Equity Shares By Promoter Entity 5 Mar - Promoter entities purchased 60,000; 900,000; 897,000 shares on 26-27 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c556556e-608e-4b5f-8495-d446771d840e.pdf) |
| 2d - Promoters purchased 1,797,000 shares: 804,000 and 93,000 on Mar 2; 900,000 on Mar 4, 2026. | [Open Market Purchase Of Equity Shares By Promoter Entities 2d - Promoters purchased 1,797,000 shares: 804,000 and 93,000 on Mar 2; 900,000 on Mar 4, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4623ec6-d661-4b35-8d01-d74d76893955.pdf) |
| 25 Apr - MSP Steel does not qualify as a Large Corporate; initial disclosure not applicable for FY2026-27. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e08c3267-2727-4ed3-b3b6-47cfecfef42b.pdf) |
| 21 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 21 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d079abd1-2988-4ed2-ad30-9763bd70efc9.pdf) |
| 2 Mar - Promoter group bought 930,000 shares on 24-Feb-2026 and 900,000 on 25-Feb-2026; Form C filed. | [Open Market Purchase Of Equity Shares By Promoter Entity 2 Mar - Promoter group bought 930,000 shares on 24-Feb-2026 and 900,000 on 25-Feb-2026; Form C filed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f7957894-42fd-4d51-b040-67a3a4c2e931.pdf) |
| 19 Mar - Care Edge upgraded LT to CARE BBB+ and ST to CARE A2 for Rs363.87 crore on March 19, 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 19 Mar - Care Edge upgraded LT to CARE BBB+ and ST to CARE A2 for Rs363.87 crore on March 19, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ebd953df-2d2f-4367-a8cb-6a341c69c859.pdf) |
| 16 Mar - Promoter group bought 2,243,300 shares across Mar 10-12, 2026: Shree Vinay, Jagran Vyapaar, Ilex. | [Open Market Purchase Of Equity Shares By Promoter Entities 16 Mar - Promoter group bought 2,243,300 shares across Mar 10-12, 2026: Shree Vinay, Jagran Vyapaar, Ilex.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d48669f9-09d1-49f3-b5ce-301138c22f57.pdf) |
| 14 Mar - Allotted 2.8 crore convertible warrants @Rs35 each to M.A Hire Purchase; Rs24.5 crore (25%) received. | [Announcement under Regulation 30 (LODR)-Allotment 14 Mar - Allotted 2.8 crore convertible warrants @Rs35 each to M.A Hire Purchase; Rs24.5 crore (25%) received.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44e06b58-f8c8-4ba1-b8b3-e3e8dea84bde.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MSPL_2010_2011_10092011063737.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a868fe3-a149-45b0-871c-4ef9c543dcca.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee65d383-cf40-4415-a51b-8910f5fc58c1.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8c54c67-c28d-45c9-af6d-d6b61c789d39.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532650/76171532650.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532650/69943532650.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532650/67142532650_12_09_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532650/5326500319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532650/5326500318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532650/5326500317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:35:38.893Z.