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Modern Steels Ltd (513303)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513303 NSE: Steel & Iron Products | Small Cap | Modern Steels Share Price

₹13.79 0.57 (4.31%)

As on 10-Jun'26 16:59

Modern Steels Ltd (513303)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513303 NSE: Steel & Iron Products | Small Cap | Modern Steels Share Price

₹13.79 0.57 (4.31%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹18 Cr.
Current Price
₹13.8
52-Week Low / High
₹10 / 22
TTM EPS
₹0.8
TTM Sales
₹0 Cr.
Book Value per Share
₹13.3
P/E Ratio
17.16
Higher than its 5-year historical median
Industry PE
25
Price to Book (P/B)
1.00
Lower than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
17.14
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
29.64%
Outperforms industry median
Return on Capital Employed (ROCE)
28.07%
Outperforms industry median
Return on Assets (ROA)
27.14%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
665.52%
Asset Quality
Promoter Holding
65.53%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4 Cr.
Equity
₹13.8 Cr.
Face Value
₹10
All Time Low / High
₹0.26 / 62.80

Modern Steels stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Modern Steels Ltd a good quality company?
Modern Steels Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Modern Steels Ltd performance compare with that of its Peers?
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 7.56%, indicating slower growth and losing its market share.
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 Stock return of Modern Steels Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.7% based on the current price.

10 Year X-Ray :

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.3%1.3%-17.6%-17.7%-54.3%-106.5%0%139.8%4.2%28.1%-
Value Creation
Index
NANANANANANANA9.0-0.71.0-

Growth Parameters

Sales 26931537632221183.51020000
Sales YoY Gr.-17%19.4%-14.5%-34.2%-60.5%22.2%-100%NANA-
Adj EPS -24.4-2.1-22-18.3-36.9-16.455.312.60.43.20.8
YoY Gr.-NANANANANANA-77.2%-96.7%669.1%-
BVPS (₹) -7.6-8-31.7-50.1-85.9-57.5-1.28.99.312.513.3
Adj Net
Profit
-33.6-2.9-30.2-25.2-50.8-22.576.117.40.64.41
Cash Flow from Ops. 16.6-12.5-113.51.3133-3.30.33.33.6-
Debt/CF from Ops. 11.2-15-17.253.7143.10.4-2.13.70.10.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS NANA-61.2%669.1%
BVPSNANANA34.7%
Share Price 8.8% 27.6% -1.4% -18.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-483.328.1113.345.354.623-191.5294.14.428.46
Op. Profit
Mgn %
4.91.6-6.6-6.3-21.7-25-0.3000NAN
Net Profit
Mgn %
-12.5-0.9-8-7.8-24-26.974.6000INF
Debt to
Equity
-17.7-17-4.3-2.7-1.6-0.7-4.30.1000
Working Cap
Days
178152132133145223900000
Cash Conv.
Cycle
1059288896958-10000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales269.25315.04376.06321.57211.4683.53102.04000
Operating Expenses + 256.11309.95400.76341.69257.37104.41102.300.551.291.05
Manufacturing Costs87.89102.40127.61109.9575.0353.4572.55000
Material Costs135.89172227.25195.61124.5424.6712.16000
Employee Cost 17.6719.9723.7323.3623.5420.2315.050.100.370.42
Other Costs 14.6615.5822.1712.7734.266.062.540.440.930.63
Operating Profit 13.145.09-24.70-20.12-45.91-20.88-0.26-0.55-1.29-1.05
Operating Profit Margin (%) 4.9%1.6%-6.6%-6.3%-21.7%-25.0%-0.3%---
Other Income + 2.142.551.661.850.383.7180.8419.681.875.49
Exceptional Items 0000000-5.0600
Interest 27.134.861.791.770.390.460.860.2400
Depreciation 5.395.365.415.174.864.873.59000
Profit Before Tax -17.24-2.58-30.24-25.21-50.78-22.5076.1313.830.584.44
Tax 16.33000000000
Profit After Tax -33.57-2.58-30.24-25.21-50.78-22.5076.1313.830.584.44
PAT Margin (%) -12.5%-0.8%-8.0%-7.8%-24.0%-26.9%74.6%---
Adjusted EPS (₹)-24.4-1.9-22.0-18.3-36.9-16.455.310.10.43.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Modern Steels - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -10.48-11.06-43.60-68.89-118.25-79.15-1.6512.1812.7617.20
Share Capital 13.7613.7613.7613.7613.7613.7613.7713.7713.7713.77
Reserves -24.24-24.82-57.36-82.65-132.01-92.91-15.41-1.58-1.013.43
Debt +168.63187.59189.20186.91184.6452.867.041.270.200.20
Long Term Debt70.5985.9300000000
Short Term Debt98.04101.66189.20186.91184.6452.867.041.270.200.20
Minority Interest0000000000
Trade Payables30.5845.5323.1235.1530.0830.690.220.150.150.38
Others Liabilities 32.8313.0720.6417.2416.2190.660.750.670.801.01
Total Liabilities 221.56235.13189.36170.41112.6895.066.3714.2813.9118.80

Fixed Assets

Net Fixed Assets +72.9068.5062.5259.1354.5749.990.060.060.060.06
Gross Block134.68135.41131.77133.52133.59132.910.480.480.480.48
Accumulated Depreciation61.7866.9169.2574.3979.0282.920.420.420.420.42
CWIP 000.280.280.280.670000
Investments 4.850.030.130.030.030.030.030.030.030.03
Inventories59.565842.1841.0719.7816.520000
Trade Receivables65.5383.4472.3856.1425.1714.140000.32
Cash Equivalents 4.5911.361.851.110.200.120.410.520.980.05
Others Assets 14.1313.8010.0212.6512.6513.595.8713.6812.8518.35
Total Assets 221.56235.13189.36170.41112.6895.066.3714.2813.9118.80

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 16.60-12.50-10.993.481.29132.73-3.310.343.273.63
PBT -17.24-0.58-32.49-25.26-50.78-22.6277.5013.830.584.44
Adjustment 30.6285.795.396.3066.804.300.24-0.74-0.89
Changes in Working Capital 3.44-19.7215.8623.1845.6688-87.86-13.733.430.08
Tax Paid -0.22-0.20-0.150.170.110.552.75000
Cash Flow From Investing Activity + 1.039.072.27-0.110.06-0.4252.470-1.73-4.56
Capex -0.63-0.680.27-1.78-0.30-0.6652.31000
Net Investments 05.20-0.100.10000000
Others 1.664.552.101.570.360.240.160-1.73-4.56
Cash Flow From Financing Activity + -19.0712.91-0.05-4.06-2.26-132.37-48.87-0.24-1.07-0
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -12.5115.32-7.17-0.90-2.27-131.76-45.82000
Interest Paid -27.13-4.87-1.79-1.77-0.38-0.46-0.86-0.24-0-0
Dividend Paid 0000000000
Others 20.572.468.91-1.390.39-0.15-2.190-1.070
Net Cash Flow -1.449.48-8.77-0.69-0.91-0.060.290.100.46-0.93

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A262.754.6229.64
ROCE (%)N/AN/AN/AN/AN/AN/AN/A139.844.1728.07
Asset Turnover Ratio1.31.551.831.791.490.82.01000
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A-0.040.025.640.82
Working Capital Days
Receivable Days88.1076.8073.4072.9070.2085.900000
Inventory Days72.6060.6047.2047.3052.5079.300000
Payable Days106.9080.8055.1054.4095.60449.60463.90000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Modern Steels Ltd FAQs

The current trading price of Modern Steels on 10-Jun-2026 16:59 is ₹13.79.

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 09-Jun-2026 the market cap of Modern Steels stood at ₹18.19 Cr

The latest P/E ratio of Modern Steels as of 09-Jun-2026 is 17.16.

The latest P/B ratio of Modern Steels as of 09-Jun-2026 is 1.00.

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.) .

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

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

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.

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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