MSP Steel & Power Limited

NSE: MSPL · Unclassified

₹30.32-1.75%06 Nov 2026

Ask the data

Instant answers about MSP Steel & Power Limited — computed from its filings, no language model

Market cap₹1,719 cr

Current price₹30.32

High / Low₹45 / ₹26

P/E45.3

P/B1.67

Book value₹18.2

ROE3.7%

ROCE2.5%

Debt / equity0.30

Dividend yield—

EPS (TTM)₹0.67

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,533	1,723	2,340	2,550	2,874	2,905	2,843
EBITDA	82	142	155	62	125	134	178
Operating margin	5.4%	8.3%	6.6%	2.4%	4.4%	4.6%	6.2%
Interest	86	79	74	77	88	81	48
Depreciation	54	55	54	54	55	54	55
Profit before tax	-56	8	30	-57	21	3	-24
Tax	11	4	4	-7	6	31	-57
Net profit	-68	5	26	-51	14	-28	34
EPS ₹	-1.76	0.13	0.67	-1.31	0.37	-0.62	0.60
Operating cash flow	—	—	110	81	170	189	148
Capex	—	—	26	54	46	32	59
Dividend paid	—	—	0	0	0	0	0
Total assets	—	—	—	1,648	1,638	1,535	1,728
Equity	—	—	—	570	582	979	1,030

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	376	372	381	242	446	477	558	526	572	589	653	625	587	662	677	671	674	781	748	772	656	717	760	711	677	639	816	827
Operating profit	4	16	37	12	41	46	46	38	42	25	50	14	-31	30	50	33	29	42	25	43	27	19	45	45	23	33	77	53
Operating margin	1.0%	4.3%	9.8%	5.1%	9.1%	9.7%	8.1%	7.3%	7.3%	4.3%	7.6%	2.2%	-5.3%	4.6%	7.3%	4.9%	4.3%	5.4%	3.3%	5.6%	4.1%	2.7%	5.9%	6.3%	3.4%	5.1%	9.5%	6.4%
Other income	1	1	1	0	0	0	0	0	0	0	3	1	1	1	9	4	10	7	18	1	0	0	2	1	1	0	1	3
Interest	21	22	20	20	23	19	18	16	19	18	21	19	18	19	21	17	20	25	25	21	22	16	23	10	10	11	17	11
Depreciation	14	14	13	13	14	13	15	14	14	14	13	14	14	14	13	14	14	14	13	14	13	14	13	14	14	14	14	14
Profit before tax	-31	-18	3	-20	5	14	13	9	9	-7	18	-18	-62	-2	25	3	4	10	4	10	-8	-10	10	22	-100	7	48	30
Tax	-1	-4	1	-4	4	3	1	0	0	0	4	-3	-4	-5	5	5	5	5	-9	3	1	-18	44	4	-26	2	-37	8
Net profit	-30	-14	2	-16	1	11	11	9	9	-7	15	-15	-58	2	20	-2	-2	5	13	7	-10	8	-34	18	-75	5	85	22
EPS ₹	-0.78	-0.38	0.04	-0.41	0.03	0.28	0.30	0.22	0.25	-0.18	0.38	-0.38	-1.51	0.06	0.52	-0.05	-0.04	0.12	0.34	0.18	-0.25	0.21	-0.64	0.31	-1.32	0.10	1.50	0.39
Revenue YoY	—	—	—	—	18.5%	28.2%	46.6%	117.9%	28.3%	23.3%	16.9%	18.6%	2.6%	12.4%	3.8%	7.5%	14.8%	18.0%	10.5%	15.0%	-2.6%	-8.2%	1.6%	-7.9%	3.1%	-10.9%	7.4%	16.3%
Profit YoY	—	—	—	—	—	—	645.1%	—	680.0%	-163.7%	28.5%	-270.7%	-722.4%	—	35.2%	—	—	91.2%	-34.2%	—	—	72.0%	-359.6%	163.1%	—	-33.2%	—	23.2%

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

MSP Steel & Power Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	408	395	696	922	1,193	1,092	905	843	1,184	1,670
Operating profit	76	71	116	161	159	6	-10	75	117	130
Operating margin	18.7%	17.9%	16.7%	17.5%	13.3%	0.5%	-1.2%	8.8%	9.9%	7.8%
Other income	0	—	5	6	36	5	2	1	3	2
Interest	20	20	59	90	109	109	115	123	129	79
Depreciation	7	13	29	46	55	53	63	56	57	55
Profit before tax	47	38	34	30	32	-151	-187	-104	-62	-2
Tax	6	6	8	10	11	-49	-8	-10	-6	19
Net profit	41	32	26	20	21	-103	-178	-94	-56	-21

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	76	100	122	108	93	99	108	83	91	97	124	107	99	144	174	161	175	186	219	199	208	296	259	250	304	381	318	260	272	241	261	224	201	219	220	177	192	254	265	263	330	327	372	405	493	399	403
Operating profit	14	17	30	26	19	13	18	14	13	17	26	21	23	36	34	21	27	34	39	41	41	39	40	32	22	65	55	-21	-16	-13	15	-0	-32	7	17	14	18	25	26	26	34	32	36	38	32	24	25
Operating margin	18.6%	17.4%	24.2%	24.1%	20.3%	13.3%	16.7%	16.6%	14.6%	17.7%	21.4%	19.5%	23.7%	24.7%	19.7%	13.1%	15.3%	18.3%	18.0%	20.7%	19.8%	13.3%	15.5%	12.8%	7.1%	17.2%	17.4%	-8.2%	-5.7%	-5.3%	5.7%	-0.2%	-16.2%	3.4%	7.7%	8.1%	9.5%	9.8%	9.7%	9.7%	10.3%	9.8%	9.7%	9.3%	6.6%	6.0%	6.2%
Other income	2	0	13	0	0	0	-0	—	1	1	-1	0	1	0	1	1	1	2	1	1	1	3	1	11	21	3	0	1	1	4	0	1	0	0	0	0	0	0	0	1	0	1	0	1	0	1	0
Interest	3	3	4	5	6	6	4	6	4	5	5	6	6	6	13	14	13	18	18	25	26	21	25	25	29	30	27	29	31	22	30	27	27	31	30	31	32	30	32	32	31	35	21	22	15	21	23
Depreciation	4	4	5	2	2	2	2	3	3	3	3	4	4	4	7	7	7	8	7	13	13	13	13	13	13	16	13	13	14	14	14	15	15	19	14	14	14	15	14	14	14	14	14	14	14	13	13
Profit before tax	8	10	34	20	11	5	10	5	6	10	17	11	14	25	15	1	7	10	15	4	3	8	3	5	1	23	16	-62	-60	-45	-29	-41	-74	-43	-27	-31	-27	-20	-20	-20	-11	-11	2	3	4	-10	-11
Tax	1	1	11	2	1	0	2	1	1	1	3	2	3	6	4	-1	2	3	5	1	1	2	1	2	0	8	5	3	2	-58	-3	12	-11	-6	-8	-1	26	-27	6	-11	-1	-1	-2	3	-4	22	14
Net profit	7	9	23	18	10	5	8	4	6	8	15	9	11	19	11	2	5	7	10	2	2	5	2	3	1	15	11	-65	-61	13	-26	-53	-62	-37	-19	-30	-53	8	-27	-9	-10	-10	4	-0	8	-32	-25
EPS ₹	1.27	1.55	3.99	3.01	1.76	0.85	1.45	0.64	0.96	—	2.52	1.48	1.90	3.27	1.96	0.40	0.87	1.25	1.76	0.36	0.30	0.63	0.17	0.55	0.11	1.72	1.24	-7.36	-6.98	1.45	-2.97	-6.01	-7.06	-4.21	-2.14	-3.38	-5.98	1.00	-3.03	-0.99	-1.14	-1.07	0.10	-0.01	0.22	-0.84	-0.64
Revenue YoY	—	—	—	—	22.1%	-1.0%	-11.9%	-23.4%	-2.2%	-1.9%	14.7%	29.2%	8.4%	48.3%	62.5%	62.9%	21.3%	—	25.9%	23.4%	19.0%	58.7%	18.3%	25.6%	45.8%	28.7%	22.9%	4.3%	-10.2%	-36.8%	-17.9%	-14.1%	-26.4%	-9.1%	-15.9%	-21.0%	-4.3%	16.2%	20.4%	48.7%	71.7%	28.6%	40.5%	54.1%	49.6%	22.3%	8.5%
Profit YoY	—	—	—	—	38.3%	-45.3%	-63.6%	-78.9%	-45.2%	64.0%	74.0%	133.0%	97.7%	134.7%	31.9%	-78.7%	-73.3%	—	-10.2%	3.8%	-60.0%	-24.7%	-85.1%	36.9%	-52.7%	178.5%	620.4%	-2041.6%	-6502.1%	-15.7%	-339.2%	—	—	-389.8%	—	—	—	—	—	—	—	-234.2%	—	—	—	—	-741.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 25 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	-11.9%	-10.2%	-8.9%	-6.6%	3.3%	3.7%	2.5%	3.9%	2.6%	3.2%	-2.9%	-1.8%	-9.0%	-9.3%	3.3%	3.7%
ROCE	—	—	—	—	—	—	—	—	—	0.6%	1.0%	1.5%	2.9%	7.8%	9.1%	7.9%	8.8%	8.3%	6.1%	6.8%	6.8%	-1.7%	-0.6%	1.8%	2.5%
Net margin	-4.3%	-1.9%	-0.1%	0.4%	1.6%	1.9%	1.0%	1.1%	0.1%	-2.7%	-2.2%	-2.0%	-1.5%	0.7%	0.8%	0.5%	0.8%	0.5%	0.6%	-1.0%	-0.6%	-2.9%	-3.1%	1.2%	1.3%
EBITDA margin	5.1%	7.4%	8.9%	8.4%	8.5%	8.1%	6.7%	6.6%	5.4%	2.3%	2.5%	2.4%	3.1%	5.3%	5.5%	4.5%	4.7%	4.6%	3.9%	4.6%	4.8%	4.6%	5.2%	6.2%	6.3%
Debt / equity	—	—	—	—	—	—	—	—	—	1.50	1.50	1.41	1.41	1.42	1.42	1.34	1.34	1.27	1.27	0.27	0.27	0.30	0.30	0.30	0.30
Interest coverage	0.20	0.63	1.01	1.14	1.53	1.62	1.34	1.40	1.04	0.10	0.17	0.26	0.52	1.38	1.50	1.24	1.31	1.17	0.95	1.03	1.20	-0.33	-0.14	0.50	0.68
Asset turnover	—	—	—	—	—	—	—	—	—	1.55	1.60	1.55	1.58	1.69	1.77	1.75	1.82	1.90	1.86	1.89	1.85	1.91	1.85	1.65	1.71

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	385	385	385	385	385	567	567	567
Other equity / reserves	160	185	181	197	194	412	346	463
Total equity	546	570	567	582	579	979	913	1,030
Borrowings	819	801	803	781	737	261	273	311
Current liabilities	518	574	513	576	509	534	577	685
Non-current liabilities	519	503	505	479	466	21	13	12
Total assets	1,582	1,648	1,585	1,638	1,555	1,535	1,503	1,728
Property, plant & equipment	800	826	820	816	795	789	778	781
Capital work-in-progress	33	1	1	1	1	1	14	18
Investments	42	41	42	40	40	43	47	49
Inventories	327	484	440	490	447	474	409	586
Receivables	94	76	81	71	79	75	88	86
Cash & equivalents	15	11	3	26	5	4	4	4

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	110	81	170	189	148
Cash from investing	-62	-19	-50	-34	-58
Cash from financing	-11	-99	-106	-178	-90
Capex	26	54	46	32	59
Free cash flow	84	27	125	157	89
Dividends paid	0	0	0	0	0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹781 cr45%

CWIP

₹18 cr1%

Investments

₹49 cr3%

Inventories

₹586 cr34%

Receivables

₹86 cr5%

Cash & equivalents

₹4 cr0%

Other assets

₹203 cr12%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
MSP Steel & Power Limited	1,719	30.32	45.3	1.67	3.7%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-2.0%

6 months-24.5%

1 year-11.6%

3Y CAGR+19.3%

5Y CAGR+27.3%

10Y CAGR+8.2%

50-day avg₹32.52

200-day avg₹34.89

RSI (14)38

FAQs

What is the share price of MSP Steel & Power Limited?

MSP Steel & Power Limited (MSPL) closed at ₹30.32 on NSE on 06 Nov 2026.

What is the market cap of MSP Steel & Power Limited?

₹1,719 crore at the latest close.

What is the P/E ratio of MSP Steel & Power Limited?

45.3, on trailing-twelve-month earnings from its filings.

How fast is MSP Steel & Power Limited growing?

MSP Steel & Power Limited: revenue has compounded at 3.7% a year over three years. Latest-quarter revenue is up 16.3% year on year, profit up 23.2%.

How profitable is MSP Steel & Power Limited?

On a trailing-twelve-month basis return on equity is 3.7%, return on capital employed 2.5%, operating margin 6.3%, net margin 1.3%.

How much debt does MSP Steel & Power Limited have?

MSP Steel & Power Limited is lightly geared: debt to equity is 0.30 with borrowings of ₹311 cr against cash of ₹4 cr (balance sheet of 2026-03-31). Operating profit covers interest 0.7 times.

Financials parsed from MSP Steel & Power Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.