On 6 Nov 2026, MSP Steel & Power was priced at ₹30.32, or 53.2× trailing earnings, against an industry P/E of 19.9×, and the shares are 34% below their 52-week high. Its ROCE of 1.0% is the lowest among the 7 largest Steel peers, and sales grew 3.6% a year over 3 years. Debt is 0.31× equity. It is a small-cap company with a market cap of ₹1,078 Cr, ranked 55th of 150 Steel companies by market cap; the shares fell 7.3% over the past year.
- ₹30.39
- ₹30.49
- ₹30.00
- ₹30.86
- 3.7 L
Health check
- ReturnsBehind
−7.3% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 53.2 vs industry 19.9.
- GrowthSteady
Sales +3.6% a year over 3 years.
- ProfitabilityWeak
ROCE 1.0% vs peer median 18.7%.
- Balance sheetStretched
Debt 0.31× equity, interest covered 0.3×, Piotroski 7 of 9.
- Red flags4 to check
Return on equity is low at 3.5%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹1,078 Cr
- Small cap
- P/E
- 53.2
- Industry 19.9
- Price to book
- 1.67
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- 3.5%
- Peers 23.4%
- ROCE
- 1.0%
- Peers 18.7%
- Debt to equity
- 0.31
- Debt ₹321 Cr
- EPS (TTM)
- ₹0.57
- Face value ₹10
- OPM (TTM)
- 6.3%
- Net margin 1.3%
- Sales growth
- +16.3%
- Latest quarter vs a year ago
- Profit growth
- +23.2%
- Latest quarter vs a year ago
- Price to sales
- 0.36
- EV/EBITDA 11.0
Strengths and risks
Strengths
- Quarterly profit up 23.2% on a year ago.
- Quarterly sales up 16.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 3.5%.
- P/E of 53.2 against an industry P/E of 19.9.
- 34% below its 52-week high.
- Interest coverage of only 1.9×.
About MSP Steel & Power
MSP Steel & Power Limited, together with its subsidiaries, engages in the manufacturing and trading of iron and steel products in India and internationally. The company offers MSP premium TMT bars for residential housing and individual home construction, Commercial buildings and institutional infrastructure, and public development project applications; and MSP structural, including H beams, I Beams, channels, angles, round bars, and dowel bars for…
- Headquarters
- Kolkata
- Employees
- 1,250
- Sector
- Basic Materials
- ISIN
- INE752G01015
- Website
- mspsteel.com
Price range
- Avg volume (3M)
- 7.4 L
- 1-year return
- minus 7.3%
- From 52-week high
- minus 34.3%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| MSPLMSP Steel & Power | 30.32 | minus 1.75% | 1,078 | 53.2 | 7.8 | 1.0% | 6.3% | 0.31 | 3.6% | minus 7.3% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 711 | 677 | 639 | 816 | 827 | |
| 666 | 654 | 606 | 739 | 774 | |
| 44.9 | 22.8 | 32.5 | 77.5 | 52.6 | |
| 6.3% | 3.4% | 5.1% | 9.5% | 6.4% | |
| 0.5 | 1.2 | 0.2 | 1.3 | 2.6 | |
| 10.2 | 9.8 | 10.8 | 16.7 | 11 | |
| 13.7 | 13.7 | 13.8 | 14 | 14.3 | |
| – | −101 | −0.8 | – | – | |
| 21.5 | −100 | 7.3 | 48 | 29.8 | |
| 17.2% | 25.6% | 24.7% | −77.5% | 26.3% | |
| 17.8 | −74.8 | 5.5 | 85.2 | 22 | |
| 0.30 | -1.32 | 0.10 | 1.42 | 0.37 |
Profit & loss
- Sales CAGR 3Y
- +3.6%
- ROE
- 3.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,534 | 2,855 | 2,882 | 2,818 | |
| – | +12.6% | +1.0% | minus 2.2% | |
| 2,460 | 2,699 | 2,780 | 2,753 | |
| 74.7 | 156 | 103 | 65.3 | |
| 2.9% | 5.5% | 3.6% | 2.3% | |
| −8.6 | −4.2 | 0 | 102 | |
| 69.5 | 75.8 | 46.6 | 33.8 | |
| 54.1 | 55.4 | 53.7 | 55.2 | |
| 0.3 | 0 | – | −102 | |
| −57.2 | 20.7 | 2.6 | −23.7 | |
| 11.5% | 30.7% | 1206.8% | 242.8% | |
| −50.6 | 14.4 | −28.4 | 33.8 | |
| -1.31 | 0.34 | -0.62 | 0.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 417 | 417 | 567 | 598 | |
| 122 | 135 | 381 | 401 | |
| 801 | 781 | 262 | 321 | |
| 308 | 305 | 325 | 407 | |
| 1,648 | 1,638 | 1,535 | 1,728 | |
| 827 | 816 | 796 | 809 | |
| 0.6 | – | 5.8 | 18.2 | |
| 41.2 | 40.4 | 42.8 | 44.3 | |
| 11 | 26.1 | 4 | 4.5 | |
| 769 | 755 | 686 | 851 | |
| 1,648 | 1,638 | 1,535 | 1,728 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 85.8 | 170 | 189 | 148 | |
| −19.2 | −49.6 | −33.8 | −57.6 | |
| −104 | −106 | −178 | −90.1 | |
| −37.3 | 15.1 | −22.1 | 0.4 | |
| −53.7 | −45.7 | −32.5 | −59.4 | |
| 32.1 | 125 | 157 | 88.8 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.