What is Modern Steels share price return in the past 10 years?

Modern Steels Ltd share price has appreciated 10.4% annually (CAGR) over the past ten years.

Modern Steels Ltd - Stock Valuation and Financial Performance

Name: Modern Steels
Brand: Modern Steels

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

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Modern Steels Share Price

₹22.47 0.90 4.17%
as on 26-Apr'24 16:01

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Data

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Modern Steels stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

14.72

Market Cap:

30.6 Cr.

52-wk low:

12.6

52-wk high:

37.4

Is Modern Steels Ltd an attractive stock to invest in?

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

Standalone Basis ^P Consolidated Basis

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	2.4%	1.6%	-7.8%	0.3%	-17.9%	-18.1%	-54%	-107.2%	-782.3%	174.2%	-
Value Creation Index ⓘ	-0.8	-0.9	NA	NA	NA	NA	NA	NA	-56.9	11.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	263	318	269	315	376	322	211	83.5	102	0	0
Sales YoY Gr.	-	20.7%	-15.2%	17%	19.4%	-14.5%	-34.2%	-60.5%	22.2%	-100%	-
Adj EPS ⓘ	-7.8	-10.5	-24.4	-2.1	-22	-18.3	-36.6	-16.4	55.3	12.6	1.5
YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	NA	-77.2%	-
BVPS (₹) ⓘ	18.2	16.8	-7.6	-8	-31.7	-50.1	-85.9	-57.5	-1.2	8.9	8.6
Adj Net Profit ⓘ	-9.8	-14.4	-33.6	-2.9	-30.2	-25.2	-50.4	-22.5	76.1	17.4	2
Cash Flow from Ops. ⓘ	-13.5	9.3	16.6	-12.5	-11	3.5	1.3	133	-3.3	0.3	-
Debt/CF from Ops. ⓘ	-11.9	18.8	11.2	-15	-17.2	53.7	143.1	0.4	-2.1	3.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-100%	-100%	-100%	-100%
Adj EPS ⓘ	NA	NA	NA	-77.2%
BVPSⓘ	-7.7%	NA	NA	NA
Share Price	10.4%	15.4%	89.2%	60.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-28.6	-49.6	-483.3	28.1	113.3	45.3	54.2	23	-191.5	294.1	17.4
Op. Profit Mgn % ⓘ	2.5	1.9	4.9	1.6	-6.6	-6.3	-21.7	-25	-0.3	0	NAN
Net Profit Mgn % ⓘ	-3.7	-4.5	-12.5	-0.9	-8	-7.8	-23.8	-26.9	74.6	0	INF
Debt to Equity ⓘ	7	7.5	-18.8	-18	-4.4	-2.7	-1.6	-0.7	-7	0.1	-
Working Cap Days ⓘ	152	149	178	152	132	133	145	223	90	0	0
Cash Conv. Cycle ⓘ	91	88	105	92	88	89	69	60	-1	0	0

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 17.30%

Sales growth has been subdued in last 3 years -100.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -25.00%

Latest Financials - Modern Steels Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.5	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹.) ⓘ	8.6	-
Reserves (₹ Cr.) ⓘ	-2	-
P/BV ⓘ	2.60	-
PE ⓘ	14.72	-

From the Market
52 Week Low / High (₹)	12.55 / 37.37
All Time Low / High (₹)	0.26 / 62.80
Market Cap (₹ Cr.)	30.6
Equity (₹ Cr.)	13.8
Face Value (₹)	10
Industry PE ⓘ	27.4

Management X-Ray of Modern Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

100.00

0.00

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

Valuation of Modern Steels

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Modern Steels

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	263.14	317.56	269.25	315.04	376.06	321.57	211.46	83.53	102.04	0
Operating Expenses ⓘ	257.90	312.01	256.11	309.95	400.76	341.69	257.37	104.41	102.30	0.55
Manufacturing Costs	70.87	88.08	87.89	102.40	127.61	109.95	75.03	53.45	72.55	0
Material Costs	162.15	195.86	135.89	172	227.25	195.61	124.54	24.67	12.16	0
Employee Cost	13.34	15.65	17.67	19.97	23.73	23.36	23.54	20.23	15.05	0.10
Other Costs ⓘ	11.54	12.42	14.66	15.58	22.17	12.77	34.26	6.06	2.54	0.44
Operating Profit ⓘ	5.24	5.55	13.14	5.09	-24.70	-20.12	-45.91	-20.88	-0.26	-0.55
Operating Profit Margin (%)	2.0%	1.7%	4.9%	1.6%	-6.6%	-6.3%	-21.7%	-25.0%	-0.3%	-
Other Income ⓘ	3.69	6.91	2.14	2.55	1.66	1.85	0.38	3.71	80.84	19.68
Interest ⓘ	19.84	25.03	27.13	4.86	1.79	1.77	0.39	0.46	0.86	0.24
Depreciation ⓘ	4.67	5.83	5.39	5.36	5.41	5.17	4.86	4.87	3.59	0
Exceptional Items ⓘ	0	0	0	0	0	0	1.39	0	0	-5.06
Profit Before Tax ⓘ	-15.58	-18.40	-17.24	-2.58	-30.24	-25.21	-49.39	-22.50	76.13	13.83
Tax ⓘ	-4.91	-6.24	16.33	0	0	0	0	0	0	0
Profit After Tax	-10.67	-12.16	-33.57	-2.58	-30.24	-25.21	-49.39	-22.50	76.13	13.83
PAT Margin (%)	-4.1%	-3.8%	-12.5%	-0.8%	-8.0%	-7.8%	-23.4%	-26.9%	74.6%	-
Adjusted EPS (₹)	-8.5	-8.8	-24.4	-1.9	-22.0	-18.3	-35.9	-16.4	55.3	10.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	22.92	23.09	-9.84	-10.42	-42.96	-68.25	-117.61	-78.51	-1.01	12.82
Share Capital ⓘ	12.60	13.76	14.40	14.40	14.40	14.40	14.40	14.40	14.40	14.40
Reserves ⓘ	10.32	9.33	-24.24	-24.82	-57.36	-82.65	-132.01	-92.91	-15.41	-1.58
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	158.51	160.58	168.63	186.23	0	186.91	184.64	52.86	7.04	1.27
Long Term Debt	91.40	83.10	70.59	85.93	0	0	0	0	0	0
Short Term Debt	67.11	77.48	98.04	100.30	0	186.91	184.64	52.86	7.04	1.27
Trade Payables	29.42	49.03	30.58	45.53	23.12	35.15	30.08	30.69	0.22	0.15
Others Liabilities ⓘ	11.80	11.45	32.19	13.79	209.20	16.60	15.57	90.02	0.12	0.03
Total Liabilities ⓘ	222.65	244.15	221.56	235.13	189.36	170.41	112.68	95.06	6.37	14.28
Fixed Assets
Gross Block	102.86	134.05	134.68	135.41	131.77	133.52	133.59	132.91	0.48	0.48
Accumulated Depreciation	51.60	56.39	61.78	66.91	69.25	74.39	79.02	82.92	0.42	0.42
Net Fixed Assetsⓘ	51.26	77.66	72.90	68.50	62.52	59.13	54.57	49.99	0.06	0.06
CWIP ⓘ	21.22	0	0	0	0.28	0.28	0.28	0.67	0	0
Investmentsⓘ	7.03	4.85	4.85	0.03	0.13	0.03	0.03	0.03	0.03	0.03
Inventories	54.85	60.83	59.56	58	42.18	41.07	19.78	16.52	0	0
Trade Receivables	63.01	80.56	65.53	83.44	72.38	56.14	25.17	14.14	0	0
Cash Equivalents	8.40	5.79	4.59	11.36	1.85	1.11	0.20	0.12	0.41	0.52
Others Assetsⓘ	16.88	14.46	14.13	13.80	10.02	12.65	12.65	13.59	5.87	13.68
Total Assets ⓘ	222.65	244.15	221.56	235.13	189.36	170.41	112.68	95.06	6.37	14.28

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-13.53	9.25	16.60	-12.50	-10.99	3.48	1.29	132.73	-3.31	0.34
PBT ⓘ	-10.66	-12.16	-33.57	-0.58	-32.49	-25.26	-50.78	-22.62	77.50	13.83
Adjustment ⓘ	16.03	18.02	46.95	8	5.79	5.39	6.30	66.80	4.30	0.24
Changes in Working Capital ⓘ	-18.54	3.73	3.44	-19.72	15.86	23.18	45.66	88	-87.86	-13.73
Tax Paid ⓘ	-0.36	-0.34	-0.22	-0.20	-0.15	0.17	0.11	0.55	2.75	0
Cash Flow From Investing Activity ⓘ	-19.48	-1.46	1.03	9.07	2.27	-0.11	0.06	-0.42	52.47	0
Capex	-22.85	-10.99	-0.63	-0.68	0.27	-1.78	-0.30	-0.66	52.31	0
Net Investments	0	5.63	0	5.20	-0.10	0.10	0	0	0	0
Others ⓘ	3.37	3.90	1.66	4.55	2.10	1.57	0.36	0.24	0.16	0
Cash Flow From Financing Activityⓘ	36.05	-10.58	-19.07	12.91	-0.05	-4.06	-2.26	-132.37	-48.87	-0.24
Net Proceeds from Shares ⓘ	0	11.69	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	27.18	3.16	-12.51	15.32	-7.17	-0.90	-2.27	0	0	0
Interest Paid ⓘ	-19.83	-25.04	-27.13	-4.87	-1.79	-1.77	-0.38	-0.46	-0.86	-0.24
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	28.70	-0.39	20.57	2.46	8.91	-1.39	0.39	-131.91	-48.01	0
Net Cash Flow ⓘ	3.04	-2.79	-1.44	9.48	-8.77	-0.69	-0.91	-0.06	0.29	0.10

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-37.78	-52.87	N/A	N/A	N/A	N/A	N/A	N/A	N/A	262.75
ROCE (%)	2.49	3.38	N/A	N/A	N/A	N/A	N/A	N/A	N/A	139.84
Asset Turnover Ratio	1.48	1.53	1.3	1.55	1.83	1.79	1.49	0.8	2.01	0
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-0.04	0.02
Working Capital Days
Receivable Days	72	73	88	77	73	73	70	86	0	0
Inventory Days	59	59	73	61	47	47	53	79	0	0
Payable Days	64	73	107	81	55	54	96	450	464	0

Modern Steels Ltd Stock News

Modern Steels Ltd FAQs

What is the share price of Modern Steels?

Company share prices are keep on changing according to the market conditions. The closing price of Modern Steels on 26-Apr-2024 16:01 is ₹22.47.

What is the market cap of Modern Steels?

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 26-Apr-2024 16:01 the market cap of Modern Steels stood at ₹30.62.

What is the P/E ratio of Modern Steels?

The latest P/E ratio of Modern Steels as of 26-Apr-2024 16:01 is 14.72.

What is the P/B ratio of Modern Steels?

The latest P/B ratio of Modern Steels as of 26-Apr-2024 16:01 is 2.60.

What is the 52-week high and low of Modern Steels?

The 52-week high of Modern Steels is ₹37.37 and the 52-week low is ₹12.55.

What is the TTM revenue of Modern Steels?

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: