Modern Steels Ltd Stock Analysis

BSE: 513303 | NSE: | Steel & Iron Products | Small Cap

BSE Share Price 06-Feb-2023 18:01
15.56 -0.66 (-4.07%)

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Modern Steels Price Chart

P/E Ratio ( SA) :
0.26
Market Cap :
21.4 Cr.
52-wk low :
9.4
52-wk high :
30.2
Bole Toh?

1. Is Modern Steels Ltd a good quality company?

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

2. Is Modern Steels Ltd 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.

3. Is Modern Steels Ltd 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.

10 Year X-Ray of Modern Steels:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Modern Steels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -0.8%2.4%1.6%-7.8%0.3%-17.9%-18.1%-54%-107.2%-782.2%-
Value Creation Index -1.1-0.8-0.9NANANANANANA-56.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 26126331826931537632221183.510237
YoY Gr. Rt. %-0.7%20.7%-15.2%17%19.4%-14.5%-34.2%-60.5%22.2%-
Adj EPS -10.3-7.8-10.5-24.4-2.1-22-18.3-36.6-16.455.359.1
YoY Gr. Rt. %-NANANANANANANANANA-
BVPS (₹) 26.718.216.8-7.6-8-31.7-50.1-85.9-57.5-1.2-0.5
Adj Net Profit -13-9.8-14.4-33.6-2.9-30.2-25.2-50.4-22.576.181
Cash Flow from Ops. 10.9-13.59.316.6-12.5-113.51.3133-3.3-
Debt/CF from Ops. 10.4-11.918.811.2-15-17.253.7143.10.4-2.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -9.9%-20.2%-31.8%22.2%
Adj EPS NANANANA
BVPS -170.9000
Share Price 3.4% -1.9% 20.2% 31.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -31.5-28.6-49.6-483.328.1113.345.354.223-191.5-7035.7
Op. Profit Mgn % -0.92.51.94.91.6-6.6-6.3-21.7-250.21.6
Net Profit Mgn % -5-3.7-4.5-12.5-0.9-8-7.8-23.8-26.974.6222.3
Debt to Equity 3.477.5-18.8-18-4.4-2.7-1.6-0.7-7-
Working Cap Days 152152149178152132133145223900
Cash Conv. Cycle 919188105928889696000

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -64.50%

Latest Financials - Modern Steels Ltd.

Standalone Consolidated
TTM EPS (₹) 59.1 -
TTM Sales (₹ Cr.) 36.6 -
BVPS (₹.) -0.5 -
Reserves (₹ Cr.) -14 -
P/BV -32.56 -
PE 0.26 -
From the Market
52 Week Low / High (₹) 9.38 / 30.15
All Time Low / High (₹) 0.26 / 62.80
Market Cap (₹ Cr.) 21.4
Equity (₹ Cr.) 13.8
Face Value (₹) 10
Industry PE 11.8

Management X-Ray of Modern Steels :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Modern Steels

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Modern Steels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Modern Steels on 06-Feb-2023 18:01 is : 15.56.
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 06-Feb-2023 18:01 the market cap of Modern Steels stood at ₹ 21.41.
The latest PE ratio of Modern Steels as of 06-Feb-2023 18:01 is 0.26.
The latest PB ratio of Modern Steels as of 06-Feb-2023 18:01 is -32.56
The 52-week high of Modern Steels is ₹ 30.15 and the 52-week low is ₹ 9.38.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Modern Steels is ₹ 36.59 ( 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 – 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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