As of 6 Nov 2026, Modern Steels trades at 12.1× trailing earnings, in line with the industry P/E of 12.1×, and the shares are 28% below their 52-week high. It earns ROCE of −5.0% and ROE of 5.7%, and net profit fell 58% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹18 Cr, ranked 7th of 19 Shell Companies companies by market cap; the shares fell 26% over the past year.
- ₹12.16
- ₹12.95
- ₹11.91
- ₹12.41
- 749
Health check
- ReturnsIn line
−25.8% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 12.1 vs industry 12.1.
- GrowthShrinking
Profit −57.6% a year over 3 years.
- ProfitabilityNegative
ROCE -5.0% vs peer median -20.8%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags1 to check
Return on equity is low at 5.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹18 Cr
- Small cap
- P/E
- 12.1
- Industry 12.1
- Price to book
- 0.93
- Peers 25.22
- Dividend yield
- 0.00%
- ROE
- 5.7%
- Peers −6.1%
- ROCE
- −5.0%
- Peers −20.8%
- Debt to equity
- 0.01
- Debt ₹0.21 Cr
- EPS (TTM)
- ₹1.06
- OPM (TTM)
- 0.0%
- Net margin 0.0%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- +350.0%
- Latest quarter vs a year ago
- Price to sales
- n/a
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 350.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.7%.
About Modern Steels
Modern Steels Limited engages in the steel manufacturing business in India. The company was incorporated in 1973 and is based in Chandigarh, India.
- Headquarters
- Chandigarh
- Sector
- Financial Services
- ISIN
- INE001F01019
- Website
- modernsteels.com
Price range
- Avg volume (3M)
- 3.3K
- 1-year return
- minus 25.8%
- From 52-week high
- minus 28.3%
Peers · Shell Companies
| Company | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLALBEML Land Assets | 164.97 | minus 1.00% | 687 | – | 613.27 | −16.4% | 1.0% | 64.8% | – | 0.00% | minus 19.7% |
| MELSTARMelstar Information Technologies | 382.01 | plus 5.00% | 107 | – | 20.85 | −43.4% | −6.1% | 58.0% | – | 0.00% | plus 8460.5% |
| INFOMEDIAInfomedia Press | 5.42 | minus 2.34% | 27 | – | −0.43 | 6.6% | – | 90.0% | – | 0.00% | minus 26.9% |
| JOHNPHARMAJohnson Pharmacare | 0.45 | 0.00% | 25 | – | 56.25 | −254.0% | −196.9% | −2605.3% | – | 0.00% | minus 30.8% |
| CHMBBRWChambal Breweries & Distilleries | 32.40 | minus 4.99% | 24 | – | 29.59 | −25.1% | −20.2% | −817.6% | – | 0.00% | minus 22.7% |
| BOMBWIRBombay Wire Ropes | 37.00 | minus 1.54% | 20 | 6.8 | 1.77 | −0.9% | 31.2% | −29.2% | – | 0.00% | minus 33.2% |
| MDRNSTLModern Steels | 12.80 | plus 3.14% | 18 | 12.1 | 0.93 | −5.0% | 5.7% | 0.0% | −57.6% | 0.00% | minus 25.8% |
| TECILCHEMTECIL Chemicals and Hydro Power | 8.18 | minus 2.62% | 16 | – | – | – | – | 0.0% | – | 0.00% | minus 59.1% |
| Median of 7 peers | – | −1.54% | 25 | 6.8 | 25.22 | −20.8% | −6.1% | 0.0% | – | 0.00% | −26.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| −0.2 | −0.2 | −0.3 | −0.2 | −0.3 | |
| 0.3 | 0.3 | 0.9 | 0.6 | 0.6 | |
| – | – | 0 | – | – | |
| 0.1 | 0.1 | 0.7 | 0.4 | 0.4 | |
| 0.1 | 0.1 | 0.7 | 0.4 | 0.4 | |
| 0.06 | 0.06 | 0.48 | 0.26 | 0.26 |
Profit & loss
- Profit CAGR 3Y
- −57.6%
- EPS CAGR 3Y
- −57.5%
- ROE
- 5.7%
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| – | −0.5 | −1.2 | −0.7 | −0.9 | |
| – | 0.3 | 0.7 | 1.2 | 2 | |
| 0.9 | 0.2 | – | – | – | |
| 3.6 | – | – | – | 0 | |
| – | 14.3 | 1.1 | 4 | – | |
| – | 13.8 | 0.6 | 4.4 | 1.1 | |
| – | 13.8 | 0.6 | 4.4 | 1.1 | |
| – | – | minus 95.8% | +670.3% | minus 76.2% | |
| – | 10.05 | 0.41 | 3.23 | 0.77 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.4 | 14.4 | 14.4 | 14.4 | |
| −1.6 | −1 | 3.4 | 4.5 | |
| 1.3 | 0.2 | 0.2 | 0.2 | |
| 0.2 | 0.3 | 0.8 | 0.8 | |
| 14.3 | 13.9 | 18.8 | 19.9 | |
| 0.1 | 0.1 | 0.1 | 0 | |
| 0 | 0 | 0 | 0 | |
| 0.5 | 1 | 0 | 0.1 | |
| 13.7 | 12.8 | 18.7 | 19.7 | |
| 14.3 | 13.9 | 18.8 | 19.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | 3.3 | 3.6 | 0.1 | |
| – | −1.7 | −4.6 | −0.1 | |
| −0.2 | −1.1 | −0 | −0 | |
| 0.1 | 0.5 | −0.9 | 0 | |
| 0.3 | 3.3 | 3.6 | 0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.