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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of MSP Steel & Power Ltd

About the Company - MSP Steel & Power Ltd

MSP Steel & Power Ltd. is a Public Limited Listed company incorporated on 18/11/1968 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27109WB1968PLC027399 and registration number is 027399. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 2339.58 Cr. and Equity Capital is Rs. 385.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Sponge Iron16/S, Block-'A', New Alipore, Kolkata West Bengal 700053contactus@mspsteel.com
http://www.mspsteel.com
Management
NamePosition Held
Mr. Suresh Kumar AgrawalChairman
Mr. Saket AgrawalManaging Director
Mr. Manish AgrawalNon Ind.& Exe.Director
Mr. Navneet JagatramkaInd. Non-Executive Director
Mr. Ashok Kumar SoinInd. Non-Executive Director
Mrs. Suneeta MohantyInd. Non-Executive Director
Mr. Pradip Kumar DeyNon Executive Director
Mr. Prateek BansalInd. Non-Executive Director

MSP Steel & Power Ltd. Share Price Update

Share PriceValue
Today₹30.81
Previous Day₹30.81

Basic Stock Data of MSP Steel & Power Ltd

Market Cap 1,235 Cr.
Current Price 32.0
High / Low33.4/7.45
Stock P/E59.1
Book Value 14.7
Dividend Yield0.00 %
ROCE1.40 %
ROE9.04 %
Face Value 10.0

Data Source: screener.in

Competitors of MSP Steel & Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Jindal Steel & Power Ltd 80,235 Cr. 787805/50314.4 4070.25 %14.2 %10.6 % 1.00
Tata Steel Long Products Ltd 3,743 Cr. 830861/556 61.10.00 %%% 10.0
Vaswani Industries Ltd 131 Cr. 43.544.9/18.018.4 38.80.00 %12.5 %5.49 % 10.0
Ankit Metal & Power Ltd 64.2 Cr. 4.556.11/2.30 73.20.00 %34.2 %% 10.0
Sarda Energy & Minerals Ltd 7,455 Cr. 212265/96.713.8 1040.35 %19.3 %18.7 % 1.00
Industry Average18,325.64 Cr375.419.32136.820.12%16.04%6.96%6.40

MSP Steel & Power Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales445.74477.43558.35526.42571.74588.54652.88624.52586.81661.65677.42671.12673.59
Expenses398.11441.62512.85488.07529.75563.37603.54610.80620.69631.56628.25641.53644.89
Operating Profit47.6335.8145.5038.3541.9925.1749.3413.72-33.8830.0949.1729.5928.70
OPM %10.69%7.50%8.15%7.29%7.34%4.28%7.56%2.20%-5.77%4.55%7.26%4.41%4.26%
Other Income0.390.150.190.170.390.232.920.543.820.719.994.239.70
Interest22.5219.3517.8716.1319.1918.2620.6018.7418.3019.2720.9516.8620.32
Depreciation13.7113.4514.9813.5413.7513.8513.3313.5413.5813.6413.3213.9614.36
Profit before tax11.793.1612.848.859.44-6.7118.33-18.02-61.94-2.1124.893.003.72
Tax %44.53%31.01%11.21%3.28%0.85%-2.53%20.08%18.87%5.93%218.01%20.45%160.33%144.09%
Net Profit6.542.1811.398.559.36-6.8814.65-14.61-58.272.5019.80-1.81-1.64
EPS in Rs0.170.060.300.220.24-0.180.38-0.38-1.510.060.51-0.05-0.04

MSP Steel & Power Ltd Quarterly Chart

MSP Steel & Power Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6959201,1911,0909028491,1601,6701,5331,7232,3402,5502,684
Expenses5797591,0321,0859137751,0431,5391,4621,5812,1842,4912,546
Operating Profit1161611595-11741171307014215559138
OPM %17%18%13%0%-1%9%10%8%5%8%7%2%5%
Other Income5636521711131525
Interest5991109109118123129798679747777
Depreciation29465553635657555455545455
Profit before tax343032-152-191-104-62-2-68830-5730
Tax %23%33%34%32%5%10%10%-956%-11%42%14%12%
Net Profit262021-104-182-94-56-21-76526-5119
EPS in Rs2.282.42-11.76-20.71-10.64-1.44-0.53-1.970.130.67-1.310.48
Dividend Payout %5%0%0%0%0%0%0%0%0%0%0%0%

MSP Steel & Power Ltd Profit & Loss Yearly Chart

MSP Steel & Power Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:17%
3 Years:19%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:3%
3 Years:10%
TTM:137%
Stock Price CAGR
10 Years:8%
5 Years:17%
3 Years:62%
1 Year:272%
Return on Equity
10 Years:-9%
5 Years:-4%
3 Years:-1%
Last Year:-9%

MSP Steel & Power Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital568686868888385385385385385385385
Reserves321602612508427335266249177175202153181
Preference Capital99212100313131313131
Borrowings9811,0541,0851,1951,1421,202882852861766826801803
Other Liabilities224327356238113171253213315184338308216
Total Liabilities1,5822,0702,1402,0281,7701,7961,7861,6991,7381,5111,7511,6481,585
Fixed Assets5008901,0031,1441,1271,0701,013959906855827826820
CWIP528187182111111211111
Investments48484875525550534740404642
Other Assets506945907698590670722686784615884776722
Total Assets1,5822,0702,1402,0281,7701,7961,7861,6991,7381,5111,7511,6481,585

MSP Steel & Power Ltd Reserves and Borrowings Chart

MSP Steel & Power Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days245059344458332418121111
Inventory Days1641871231281301751491081601048984
Days Payable419064463370784655345236
Cash Conversion Cycle14714611711614216310487122824859
Working Capital Days631601211271561501128696857061
ROCE %8%8%8%-2%-4%1%4%5%1%6%7%1%

MSP Steel & Power Ltd Financial Efficiency Indicators Chart

MSP Steel & Power Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters41.62%41.62%41.62%41.62%41.62%41.62%41.61%41.61%41.61%41.61%41.61%41.61%
FIIs0.00%0.00%0.00%0.00%0.01%0.04%0.01%0.01%0.00%0.00%0.00%0.00%
DIIs32.69%31.16%29.80%22.89%18.38%17.25%16.64%16.61%16.60%16.60%8.96%3.14%
Public25.69%27.22%28.58%35.49%39.99%41.09%41.74%41.77%41.79%41.79%49.43%55.24%
No. of Shareholders10,52913,79116,68927,19856,57757,29558,16757,38457,69057,53654,76448,600

MSP Steel & Power Ltd Shareholding Pattern Chart

No. of MSP Steel & Power Ltd Shareholders

This stock is not held by any mutual fund

MSP Steel & Power Ltd ROCE Trend

MSP Steel & Power Ltd EPS Trend

MSP Steel & Power Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.310.670.13-1.76-0.53
Diluted EPS (Rs.)-1.210.620.13-1.76-0.53
Cash EPS (Rs.)0.012.081.57-0.360.88
Book Value[Excl.RevalReserv]/Share (Rs.)7.408.657.977.999.87
Book Value[Incl.RevalReserv]/Share (Rs.)7.408.657.977.999.87
Revenue From Operations / Share (Rs.)66.1760.7044.7139.7743.32
PBDIT / Share (Rs.)1.834.113.722.193.43
PBIT / Share (Rs.)0.432.702.280.792.02
PBT / Share (Rs.)-1.560.770.22-1.46-0.05
Net Profit / Share (Rs.)-1.390.660.12-1.75-0.53
NP After MI And SOA / Share (Rs.)-1.310.660.12-1.75-0.53
PBDIT Margin (%)2.776.778.315.517.92
PBIT Margin (%)0.654.445.092.014.65
PBT Margin (%)-2.361.270.49-3.67-0.11
Net Profit Margin (%)-2.101.090.28-4.41-1.23
NP After MI And SOA Margin (%)-1.981.090.28-4.41-1.23
Return on Networth / Equity (%)-17.757.711.59-21.99-5.41
Return on Capital Employeed (%)1.549.087.722.656.31
Return On Assets (%)-3.061.460.32-3.89-1.21
Long Term Debt / Equity (X)1.761.581.771.841.49
Total Debt / Equity (X)2.812.482.352.692.14
Asset Turnover Ratio (%)1.501.431.060.890.96
Current Ratio (X)1.271.401.551.291.36
Quick Ratio (X)0.420.640.540.370.56
Inventory Turnover Ratio (X)4.344.532.902.593.49
Interest Coverage Ratio (X)0.912.141.810.981.67
Interest Coverage Ratio (Post Tax) (X)0.301.351.060.220.74
Enterprise Value (Cr.)1077.781143.68981.13945.601287.65
EV / Net Operating Revenue (X)0.420.480.560.610.77
EV / EBITDA (X)15.247.216.8511.189.73
MarketCap / Net Operating Revenue (X)0.110.170.160.090.30
Price / BV (X)1.061.240.930.461.32
Price / Net Operating Revenue (X)0.110.170.160.090.30
EarningsYield-0.160.060.01-0.47-0.04

MSP Steel & Power Ltd Profitability Ratios (%)

MSP Steel & Power Ltd Liquidity Ratios

MSP Steel & Power Ltd Liquidity Ratios (%)

MSP Steel & Power Ltd Interest Coverage Ratios (%)

MSP Steel & Power Ltd Valuation Ratios

Fair Value of MSP Steel & Power Ltd Stock

Fair Value: ₹80.11

The stock is undervalued by 150.34% compared to the current price ₹32

*Investments are subject to market risks

Strength and Weakness of MSP Steel & Power Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.64 and average Dividend Yield of 3.37%.
  2. The company has higher reserves (323.69 cr) compared to borrowings (18.92 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 3.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 107.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 111.08, which may not be favorable.
  4. The company has not shown consistent growth in sales (259.85) and profit (-36.31).

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in MSP Steel & Power Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE