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MSP Steel & Power Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹50.65Undervalued by 74.05%vs CMP ₹29.10

P/E (102.0) × ROE (3.8%) × BV (₹16.10) × DY (2.00%)

₹27.39Fairly Valued by 5.88%vs CMP ₹29.10
MoS: -6.2% (Negative)Confidence: 49/100 (Moderate)Models: 1 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹40.1939%Under (+38.1%)
Net Asset ValueAssets₹16.1119%Over (-44.6%)
EV/EBITDAEnterprise₹21.5816%Over (-25.8%)
ROCE CapitalReturns₹13.5613%Over (-53.4%)
Revenue MultipleRevenue₹25.6314%Over (-11.9%)
Consensus (5 models)₹27.39100%Fairly Valued
Key Drivers: EPS CAGR -20.7% drags value — could be higher if earnings stabilize. | P/E of 102 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -20.7%

*Investments are subject to market risks

Analyst Summary

MSP Steel & Power Ltd operates in the Steel - Sponge Iron segment, current market price is ₹29.10, market cap is 1,649 Cr.. At a glance, stock P/E is 102, ROE is 3.78 %, ROCE is 6.43 %, book value is 16.1, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹27.39, around 5.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,905 Cr versus the prior period change of 1.1%, while latest net profit is about ₹-28 Cr with a prior-period change of -300.0%. The 52-week range shown on this page is 41.2/23.6, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMSP 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…

This summary is generated from the stock page data available for MSP Steel & Power Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

40
MSP Steel & Power Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health39/100 · Weak
ROCE 6.4% WeakROE 3.8% WeakD/E 2.35 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 2.50% Positive
Earnings Quality50/100 · Moderate
OPM stable around 5% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -4% YoY FlatProfit (4Q): -561% YoY Declining
Industry Rank15/100 · Weak
P/E 102.0 vs industry 31.8 Premium to peersROCE 6.4% vs industry 16.5% Below peersROE 3.8% vs industry 34.1% Below peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:16 am

Market Cap 1,649 Cr.
Current Price 29.1
Intrinsic Value₹27.39
High / Low 41.2/23.6
Stock P/E102
Book Value 16.1
Dividend Yield0.00 %
ROCE6.43 %
ROE3.78 %
Face Value 10.0
PEG Ratio-4.94

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for MSP Steel & Power Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
MSP Steel & Power Ltd 1,649 Cr. 29.1 41.2/23.6102 16.10.00 %6.43 %3.78 % 10.0
Vaswani Industries Ltd 171 Cr. 51.8 70.1/32.052.7 46.20.00 %11.1 %8.48 % 10.0
Bihar Sponge Iron Ltd 104 Cr. 11.6 19.6/9.157.76 4.600.00 %11.4 %% 10.0
Tata Steel Long Products Ltd 3,743 Cr. 830 / 61.10.00 %%234 % 10.0
Jai Balaji Industries Ltd 5,334 Cr. 58.5 142/53.018.2 24.40.00 %36.1 %30.7 % 2.00
Industry Average19,759.11 Cr298.0531.82111.280.09%16.53%34.05%7.08

All Competitor Stocks of MSP Steel & Power Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 661.65677.42671.12673.59780.74748.41772.00656.32716.85760.07710.86676.86638.92
Expenses 631.56623.52641.53644.89741.54723.76728.73629.64697.64715.37665.96654.09606.40
Operating Profit 30.0953.9029.5928.7039.2024.6543.2726.6819.2144.7044.9022.7732.52
OPM % 4.55%7.96%4.41%4.26%5.02%3.29%5.60%4.07%2.68%5.88%6.32%3.36%5.09%
Other Income 0.719.994.239.7010.0017.721.190.140.471.840.54-99.71-0.59
Interest 19.2725.6816.8620.3225.3725.1320.5822.0515.8922.6710.239.8310.82
Depreciation 13.6413.3213.9614.3613.8313.2613.6413.2213.5013.3913.6813.7213.82
Profit before tax -2.1124.893.003.7210.003.9810.24-8.45-9.7110.4821.53-100.497.29
Tax % -218.01%20.45%160.33%144.09%52.30%-227.39%33.79%12.78%-184.65%422.81%17.14%-25.60%24.69%
Net Profit 2.5019.80-1.81-1.644.7813.026.78-9.538.22-33.8317.84-74.765.49
EPS in Rs 0.060.51-0.05-0.040.120.340.18-0.200.15-0.600.31-1.320.10

Last Updated: March 4, 2026, 12:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,1911,0909028491,1601,6701,5331,7232,3402,5502,8742,9052,787
Expenses 1,0321,0859137751,0431,5391,4621,5812,1842,4872,7482,7712,642
Operating Profit 1595-11741171307014215564125134145
OPM % 13%0%-1%9%10%8%5%8%7%2%4%5%5%
Other Income 365217111315384-98
Interest 1091091181231297986797482888154
Depreciation 55536356575554555454555455
Profit before tax 32-152-191-104-62-2-68830-57213-61
Tax % 34%-32%-5%-10%-10%956%11%42%14%-12%31%1,208%
Net Profit 21-104-182-94-56-21-76526-5114-28-85
EPS in Rs 2.42-11.76-20.71-10.64-1.44-0.53-1.970.130.67-1.310.37-0.50-1.51
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-595.24%-75.00%48.35%40.43%62.50%-261.90%106.58%420.00%-296.15%127.45%-300.00%
Change in YoY Net Profit Growth (%)0.00%520.24%123.35%-7.93%22.07%-324.40%368.48%313.42%-716.15%423.60%-427.45%

MSP Steel & Power Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:14%
3 Years:7%
TTM:-4%
Compounded Profit Growth
10 Years:6%
5 Years:10%
3 Years:%
TTM:-175%
Stock Price CAGR
10 Years:11%
5 Years:33%
3 Years:45%
1 Year:-28%
Return on Equity
10 Years:-8%
5 Years:-1%
3 Years:-3%
Last Year:-4%

Last Updated: September 5, 2025, 10:00 am

Balance Sheet

Last Updated: December 10, 2025, 3:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 86868888385385385385385385385567567
Reserves 612508427335266249177175202153166381346
Borrowings 1,1061,2161,1421,202913884892797857832813294281
Other Liabilities 336218113171221182283153307277274293309
Total Liabilities 2,1402,0281,7701,7961,7861,6991,7381,5111,7511,6481,6381,5351,503
Fixed Assets 1,0031,1441,1271,0701,013959906855827826816790779
CWIP 182111111211111114
Investments 48755255505347404046454747
Other Assets 907698590670722686784615884776776697663
Total Assets 2,1402,0281,7701,7961,7861,6991,7381,5111,7511,6481,6381,5351,503

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow158.004.00-12.0073.00-796.00-754.00-822.00-655.00-702.00-768.00-688.00-160.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5934445833241812111199
Inventory Days 12312813017514910816010489847874
Days Payable 644633707846553452363436
Cash Conversion Cycle 117116142163104871228248595347
Working Capital Days 24953383231333823181415
ROCE %8%-2%-4%1%4%5%1%6%7%2%8%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 41.61%41.61%41.61%41.61%41.61%42.34%42.34%36.85%35.24%35.24%35.24%37.74%
FIIs 0.00%0.00%0.00%0.00%0.16%0.33%1.10%0.52%0.40%0.18%0.19%0.37%
DIIs 16.60%16.60%8.96%3.14%3.14%3.17%1.91%12.90%16.70%16.70%16.70%16.70%
Public 41.79%41.79%49.43%55.24%55.08%54.16%54.65%49.71%47.65%47.87%47.87%45.18%
No. of Shareholders 57,69057,53654,76448,60049,66051,68758,97059,46059,21158,80459,60957,646

Shareholding Pattern Chart

No. of Shareholders

MSP Steel & Power Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -0.620.37-1.310.670.13
Diluted EPS (Rs.) -0.620.34-1.210.620.13
Cash EPS (Rs.) 0.441.810.012.081.57
Book Value[Excl.RevalReserv]/Share (Rs.) 16.227.727.408.657.97
Book Value[Incl.RevalReserv]/Share (Rs.) 16.227.727.408.657.97
Revenue From Operations / Share (Rs.) 51.2674.5666.1760.7044.71
PBDIT / Share (Rs.) 2.424.251.834.113.72
PBIT / Share (Rs.) 1.482.810.432.702.28
PBT / Share (Rs.) 0.040.53-1.560.770.22
Net Profit / Share (Rs.) -0.500.37-1.390.660.12
NP After MI And SOA / Share (Rs.) -0.500.37-1.310.660.12
PBDIT Margin (%) 4.735.692.776.778.31
PBIT Margin (%) 2.883.770.654.445.09
PBT Margin (%) 0.080.71-2.361.270.49
Net Profit Margin (%) -0.970.49-2.101.090.28
NP After MI And SOA Margin (%) -0.970.49-1.981.090.28
Return on Networth / Equity (%) -3.084.83-17.757.711.59
Return on Capital Employeed (%) 8.3610.201.549.087.72
Return On Assets (%) -1.840.87-3.061.460.32
Long Term Debt / Equity (X) 0.011.611.761.581.77
Total Debt / Equity (X) 0.282.632.812.482.35
Asset Turnover Ratio (%) 1.831.751.501.431.06
Current Ratio (X) 1.261.281.271.401.55
Quick Ratio (X) 0.370.420.420.640.54
Inventory Turnover Ratio (X) 6.024.794.344.532.90
Interest Coverage Ratio (X) 1.691.870.912.141.81
Interest Coverage Ratio (Post Tax) (X) 0.651.160.301.351.06
Enterprise Value (Cr.) 1788.921911.241077.781143.68981.13
EV / Net Operating Revenue (X) 0.610.660.420.480.56
EV / EBITDA (X) 13.0211.6715.247.216.85
MarketCap / Net Operating Revenue (X) 0.530.400.110.170.16
Price / BV (X) 1.683.961.061.240.93
Price / Net Operating Revenue (X) 0.530.400.110.170.16
EarningsYield -0.010.01-0.160.060.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 2905.25 Cr. and Equity Capital is Rs. 566.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Sponge IronSouth City Business Park, Kolkata West Bengal 700053Contact not found
Management
NamePosition Held
Mr. Suresh Kumar AgrawalChairman
Mr. Saket AgrawalManaging Director
Mr. Manish AgrawalJoint Managing Director
Mr. Pradip Kumar DeyNon Exe.Non Ind.Director
Mrs. Suneeta MohantyInd. Non-Executive Director
Mr. Pranab Kumar ChakrabortyInd. Non-Executive Director
Mr. Pramode Kumar PandeyInd. Non-Executive Director
Mr. Anubhav GoenkaInd. Non-Executive Director

FAQ

What is the intrinsic value of MSP Steel & Power Ltd and is it undervalued?

As of 23 April 2026, MSP Steel & Power Ltd's intrinsic value is ₹27.39, which is 5.88% lower than the current market price of ₹29.10, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.78 %), book value (₹16.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of MSP Steel & Power Ltd?

MSP Steel & Power Ltd is trading at ₹29.10 as of 23 April 2026, with a FY2026-2027 high of ₹41.2 and low of ₹23.6. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,649 Cr..

How does MSP Steel & Power Ltd's P/E ratio compare to its industry?

MSP Steel & Power Ltd has a P/E ratio of 102, which is above the industry average of 31.82. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is MSP Steel & Power Ltd financially healthy?

Key indicators for MSP Steel & Power Ltd: ROCE of 6.43 % is on the lower side compared to the industry average of 16.53%; ROE of 3.78 % is below ideal levels (industry average: 34.05%). Dividend yield is 0.00 %.

Is MSP Steel & Power Ltd profitable and how is the profit trend?

MSP Steel & Power Ltd reported a net profit of ₹-28 Cr in Mar 2025 on revenue of ₹2,905 Cr. Compared to ₹26 Cr in Mar 2022, the net profit shows a declining trend.

Does MSP Steel & Power Ltd pay dividends?

MSP Steel & Power Ltd has a dividend yield of 0.00 % at the current price of ₹29.10. The company is currently not paying meaningful dividends.

Last Updated: April 2, 2026, 3:16 am
Author: Getaka|Social: XLinkedIn
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
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