Is Modern Steels Ltd (513303) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Modern Steels Ltd is a average quality company .

Is Modern Steels Ltd (513303) undervalued or overvalued?

The key valuation ratios of Modern Steels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Modern Steels Ltd (513303) share price return in the past 10 years?

Modern Steels Ltd share price has appreciated 8% annually (CAGR) over the past ten years.

Is Modern Steels Ltd (513303) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Modern Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Modern Steels Ltd (513303)?

Company share prices are keep on changing according to the market conditions. The current trading price of Modern Steels Ltd (513303) on 17-Apr-2026 16:59:59 at 16:59 is 13.60.

What is the P/E ratio of Modern Steels?

The latest standalone P/E ratio of Modern Steels as of 17-Apr-2026 is 3.79.

What is the P/B ratio of Modern Steels Ltd (513303)?

The latest standalone P/B ratio of Modern Steels Ltd (513303) as of 17-Apr-2026 is 1.06.

What is the 52-week high and low of Modern Steels Ltd (513303)?

The 52-week high of Modern Steels Ltd (513303) is Rs. 21.70 and the 52-week low is Rs. 10.35.

Modern Steels Ltd (513303) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Modern Steels Ltd (513303)
Brand: Modern Steels

Modern Steels Ltd (513303) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Modern Steels Ltd (513303)

BSE: 513303 NSE:

Key Metrics

Market Cap

₹19 Cr.

P/E Ratio

3.79

Price to Book (P/B)

1.06

Price to Sales (P/S)

0.00

EV/EBITDA

3.81

Return on Capital Employed (ROCE)

28.07%

Current Price

₹13.6

Return on Equity (ROE)

29.64%

Return on Assets (ROA)

27.14%

Operating Profit Margin

Net Profit Margin

INF%

Gross Profit Margin

Book Value per Share

₹12.8

Sales Growth (YoY)

NA%

Sales Growth (3 Years)

-100%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

665.52%

52-Week Low / High

₹10 / 22

Net Profit Growth (3 Years)

-61.22%

Dividend Yield

0.00%

Promoter Holding

65.53%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Modern Steels Ltd?

Modern Steels Ltd revenue growth is 0% for FY-2025 , which is above its 5 year CAGR of -100% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Modern Steels Ltd?

Promoters hold 65.53% of the Modern Steels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Modern Steels Ltd vs industry peers?

Modern Steels Ltd revenue CAGR is -100.00% , compared to the industry median CAGR of 7.41% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Modern Steels Ltd belong to?

Modern Steels Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.

Q.1 Stock return of Modern Steels Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 7.6% based on the current price.

DeciZen - make an informed investing decision on Modern Steels

Based on:

Data

M-Cap below 100cr DeciZen not available

Modern Steels stock performance

Key Ratios

Is Modern Steels Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	5.3%	1.3%	-17.6%	-17.7%	-54.3%	-106.5%	0%	139.8%	4.2%	28.1%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	NA	NA	9.0	-0.7	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	269	315	376	322	211	83.5	102	0	0	0	0
Sales YoY Gr.	-	17%	19.4%	-14.5%	-34.2%	-60.5%	22.2%	-100%	NA	NA	-
Adj EPS ⓘ	-24.4	-2.1	-22	-18.3	-36.9	-16.4	55.3	12.6	0.4	3.2	3.6
YoY Gr.	-	NA	NA	NA	NA	NA	NA	-77.2%	-96.7%	669.1%	-
BVPS (₹) ⓘ	-7.6	-8	-31.7	-50.1	-85.9	-57.5	-1.2	8.9	9.3	12.5	12.8
Adj Net Profit ⓘ	-33.6	-2.9	-30.2	-25.2	-50.8	-22.5	76.1	17.4	0.6	4.4	5
Cash Flow from Ops. ⓘ	16.6	-12.5	-11	3.5	1.3	133	-3.3	0.3	3.3	3.6	-
Debt/CF from Ops. ⓘ	11.2	-15	-17.2	53.7	143.1	0.4	-2.1	3.7	0.1	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-100%	-100%	-100%	NA
Adj EPS ⓘ	NA	NA	-61.2%	669.1%
BVPSⓘ	NA	NA	NA	34.7%
Share Price	8%	32.9%	0.2%	-21%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-483.3	28.1	113.3	45.3	54.6	23	-191.5	294.1	4.4	28.4	28.4
Op. Profit Mgn % ⓘ	4.9	1.6	-6.6	-6.3	-21.7	-25	-0.3	0	0	0	NAN
Net Profit Mgn % ⓘ	-12.5	-0.9	-8	-7.8	-24	-26.9	74.6	0	0	0	INF
Debt to Equity ⓘ	-17.7	-17	-4.3	-2.7	-1.6	-0.7	-4.3	0.1	0	0	-
Working Cap Days ⓘ	178	152	132	133	145	223	90	0	0	0	0
Cash Conv. Cycle ⓘ	105	92	88	89	69	58	-1	0	0	0	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	3.6	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹) ⓘ	12.8	-
Reserves (₹ Cr.) ⓘ	4	-
P/BV ⓘ	1.06	-
PE ⓘ	3.79	-

From the Market
52 Week Low / High (₹)	10.35 / 21.70
All Time Low / High (₹)	0.26 / 62.80
Market Cap (₹ Cr.)	18.7
Equity (₹ Cr.)	13.8
Face Value (₹)	10
Industry PE ⓘ	26.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Modern Steels - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	269.25	315.04	376.06	321.57	211.46	83.53	102.04	0	0	0
Operating Expenses ⓘ +	256.11	309.95	400.76	341.69	257.37	104.41	102.30	0.55	1.29	1.05
Manufacturing Costs	87.89	102.40	127.61	109.95	75.03	53.45	72.55	0	0	0
Material Costs	135.89	172	227.25	195.61	124.54	24.67	12.16	0	0	0
Employee Cost	17.67	19.97	23.73	23.36	23.54	20.23	15.05	0.10	0.37	0.42
Other Costs ⓘ	14.66	15.58	22.17	12.77	34.26	6.06	2.54	0.44	0.93	0.63
Operating Profit ⓘ	13.14	5.09	-24.70	-20.12	-45.91	-20.88	-0.26	-0.55	-1.29	-1.05
Operating Profit Margin (%)	4.9%	1.6%	-6.6%	-6.3%	-21.7%	-25.0%	-0.3%	-	-	-
Other Income ⓘ +	2.14	2.55	1.66	1.85	0.38	3.71	80.84	19.68	1.87	5.49
Exceptional Items ⓘ	0	0	0	0	0	0	0	-5.06	0	0
Interest ⓘ	27.13	4.86	1.79	1.77	0.39	0.46	0.86	0.24	0	0
Depreciation ⓘ	5.39	5.36	5.41	5.17	4.86	4.87	3.59	0	0	0
Profit Before Tax ⓘ	-17.24	-2.58	-30.24	-25.21	-50.78	-22.50	76.13	13.83	0.58	4.44
Tax ⓘ	16.33	0	0	0	0	0	0	0	0	0
Profit After Tax	-33.57	-2.58	-30.24	-25.21	-50.78	-22.50	76.13	13.83	0.58	4.44
PAT Margin (%)	-12.5%	-0.8%	-8.0%	-7.8%	-24.0%	-26.9%	74.6%	-	-	-
Adjusted EPS (₹)	-24.4	-1.9	-22.0	-18.3	-36.9	-16.4	55.3	10.1	0.4	3.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	-10.48	-11.06	-43.60	-68.89	-118.25	-79.15	-1.65	12.18	12.76	17.20
Share Capital ⓘ	13.76	13.76	13.76	13.76	13.76	13.76	13.77	13.77	13.77	13.77
Reserves ⓘ	-24.24	-24.82	-57.36	-82.65	-132.01	-92.91	-15.41	-1.58	-1.01	3.43
Debt +	168.63	187.59	189.20	186.91	184.64	52.86	7.04	1.27	0.20	0.20
Long Term Debt	70.59	85.93	0	0	0	0	0	0	0	0
Short Term Debt	98.04	101.66	189.20	186.91	184.64	52.86	7.04	1.27	0.20	0.20
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	30.58	45.53	23.12	35.15	30.08	30.69	0.22	0.15	0.15	0.38
Others Liabilities ⓘ	32.83	13.07	20.64	17.24	16.21	90.66	0.75	0.67	0.80	1.01
Total Liabilities ⓘ	221.56	235.13	189.36	170.41	112.68	95.06	6.37	14.28	13.91	18.80
Fixed Assets
Net Fixed Assets ⓘ +	72.90	68.50	62.52	59.13	54.57	49.99	0.06	0.06	0.06	0.06
Gross Block	134.68	135.41	131.77	133.52	133.59	132.91	0.48	0.48	0.48	0.48
Accumulated Depreciation	61.78	66.91	69.25	74.39	79.02	82.92	0.42	0.42	0.42	0.42
CWIP ⓘ	0	0	0.28	0.28	0.28	0.67	0	0	0	0
Investments ⓘ	4.85	0.03	0.13	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Inventories	59.56	58	42.18	41.07	19.78	16.52	0	0	0	0
Trade Receivables	65.53	83.44	72.38	56.14	25.17	14.14	0	0	0	0.32
Cash Equivalents	4.59	11.36	1.85	1.11	0.20	0.12	0.41	0.52	0.98	0.05
Others Assets ⓘ	14.13	13.80	10.02	12.65	12.65	13.59	5.87	13.68	12.85	18.35
Total Assets ⓘ	221.56	235.13	189.36	170.41	112.68	95.06	6.37	14.28	13.91	18.80

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	16.60	-12.50	-10.99	3.48	1.29	132.73	-3.31	0.34	3.27	3.63
PBT ⓘ	-17.24	-0.58	-32.49	-25.26	-50.78	-22.62	77.50	13.83	0.58	4.44
Adjustment ⓘ	30.62	8	5.79	5.39	6.30	66.80	4.30	0.24	-0.74	-0.89
Changes in Working Capital ⓘ	3.44	-19.72	15.86	23.18	45.66	88	-87.86	-13.73	3.43	0.08
Tax Paid ⓘ	-0.22	-0.20	-0.15	0.17	0.11	0.55	2.75	0	0	0
Cash Flow From Investing Activity ⓘ +	1.03	9.07	2.27	-0.11	0.06	-0.42	52.47	0	-1.73	-4.56
Capex	-0.63	-0.68	0.27	-1.78	-0.30	-0.66	52.31	0	0	0
Net Investments	0	5.20	-0.10	0.10	0	0	0	0	0	0
Others ⓘ	1.66	4.55	2.10	1.57	0.36	0.24	0.16	0	-1.73	-4.56
Cash Flow From Financing Activity ⓘ +	-19.07	12.91	-0.05	-4.06	-2.26	-132.37	-48.87	-0.24	-1.07	-0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-12.51	15.32	-7.17	-0.90	-2.27	-131.76	-45.82	0	0	0
Interest Paid ⓘ	-27.13	-4.87	-1.79	-1.77	-0.38	-0.46	-0.86	-0.24	-0	-0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	20.57	2.46	8.91	-1.39	0.39	-0.15	-2.19	0	-1.07	0
Net Cash Flow ⓘ	-1.44	9.48	-8.77	-0.69	-0.91	-0.06	0.29	0.10	0.46	-0.93

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	262.75	4.62	29.64
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	139.84	4.17	28.07
Asset Turnover Ratio	1.3	1.55	1.83	1.79	1.49	0.8	2.01	0	0	0
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	-0.04	0.02	5.64	0.82
Working Capital Days
Receivable Days	88	77	73	73	70	86	0	0	0	0
Inventory Days	73	61	47	47	53	79	0	0	0	0
Payable Days	107	81	55	54	96	450	464	0	0	0

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Modern Steels Ltd FAQs

The current trading price of Modern Steels on 17-Apr-2026 16:59 is ₹13.60.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Modern Steels stood at ₹18.72 Cr

The latest P/E ratio of Modern Steels as of 16-Apr-2026 is 3.79.

The latest P/B ratio of Modern Steels as of 16-Apr-2026 is 1.06.

The 52-week high of Modern Steels is ₹21.70 and the 52-week low is ₹10.35.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Modern Steels is ₹0.00 ( Cr.) .

About Modern Steels Ltd

Modern Steels (MSL) was was incorporated on November 19, 1973 as a private limited company registered with the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh at Jalandhar, promoted by Amarjit Goyal. It was converted into a public limited company on July 11, 1974. Modern Steel is the flagship company of the progressive Modern Group.

MSL is equipped with 25 ton Arc Furnaces, with secondary refining continuous casting facilities, modern rolling mills and captive oxygen plant. It has an annual capacity of 0.1 million ton. MSL is an ISO 9002 certified company by DNV, Netherlands.

Its composite steel plant has a proven track record for more than three decades, Modern Steels caters to the requirements of special & alloy steel, hot rolled bars for engineering, automotive, bearing & allied industries.

The plant is committed to maintain world class quality standards, efficient delivery schedules, competitive pricing & immaculate after sales service. Total customer satisfaction is the fuel that drives the growth engine at Modern Steels.

It caters to OE customers which include Ashok Leyland, Escorts, Eicher, Punjab Tractors, HMT, MICO, Lucas-TVS, Sundaram Fastners, Railways, etc. and their ancillaries.

Product range of the company includes:

Special & Alloy Steel
Stainless Steel
Bright Bars

Clientele

Ashok Leyland
Bharat Gears
Carraro
Eicher Tractors
Lucas TVS
M&M
Punjab Tractors and many more

Achievements/ recognition:

Recipient of ISO / TS â€“ 16949:2002 certification.
Recipient of QS- 9000- 1998 certification.
Recipient of ISO -9002-1994 certification.
Systems are accredited by DNV, Netherlands.

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Modern Steels Ltd (513303) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Modern Steels Share Price