| Sector |
Iron & Steel
|
Compare with Sector peers |
| Industry |
Steel & Iron Products
|
Compare with Industry peers |
| Website | http://www.modernsteels.com | |
| Market Cap | 28.08 Cr. | |
| Enterprise Value(EV) | 28.08 Cr. | 2021-09 |
| Financial Indicators | ||
|---|---|---|
| Earnings per share (EPS) | 44.93 | Trailing Twelve Months Ending 2021-12 |
| Price-Earning Ratio (PE) | 0.45 | Trailing Twelve Months Ending 2021-12 |
| Industry PE | 5.20 | Trailing Twelve Months Ending 2021-12 |
| Book Value / Share | -59.32 | Trailing Twelve Months Ending 2021-12 |
| Price to Book Value | -0.34 | Calculated using Price: 20.40 |
| Dividend Yield | 0.00 | Period Ending 2021-03 |
| No. of Shares Subscribed | 1.38 Cr. | 13,762,359 Shares |
| FaceValue | 10 | |
| Company Profile | ||
|
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:
Clientele
Achievements/ recognition:
|
||
Company Profile
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:
Clientele
Achievements/ recognition:
| 1 Day |
|
-4.90% |
| 1 Week |
|
-4.23% |
| 1 Month |
|
-13.38% |
| 3 Month |
|
+66.12% |
| 6 Month |
|
+500% |
| 1 Year |
|
+400% |
| 2 Year |
|
+172.00% |
| 5 Year |
|
+193.53% |
| 10 Year |
|
+63.86% |
| 9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
| Return on Equity (%) | -33.93 | -37.78 | -52.87 | -532.43 | ||||||
| Return on Capital Employed (%) | -2.15 | 2.49 | 3.38 | 5.30 | 1.29 | -17.59 | -17.70 | -52.78 | 188.88 | |
| Return on Assets (%) | -7.29 | -5.33 | -5.21 | -14.42 | -1.13 | -14.25 | -14.01 | -34.89 | 37.18 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-09* Rs. Cr. |
| Shh. Funds | 34 | 34 | 24 | -10 | -10 | -43 | -68 | -118 | -79 | -81 | |
| Non Curr. Liab. | 61 | 83 | 68 | 72 | 88 | 2 | 2 | 2 | 2 | 2 | |
| Curr. Liab. | 83 | 106 | 152 | 159 | 158 | 230 | 237 | 228 | 171 | 179 | |
| Minority Int. | |||||||||||
| Equity & Liab. | 177 | 223 | 244 | 222 | 235 | 189 | 170 | 113 | 95 | 100 | |
| Non Curr. Assets | 73 | 91 | 90 | 86 | 77 | 69 | 66 | 60 | 56 | 55 | |
| Curr. Assets | 104 | 132 | 154 | 135 | 158 | 120 | 105 | 52 | 39 | 45 | |
| Misc. Exp. not W/O | |||||||||||
| Total Assets | 177 | 223 | 244 | 222 | 235 | 189 | 170 | 113 | 95 | 100 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-12 Rs. Cr. TTM |
| Net Sales | 261 | 263 | 318 | 269 | 315 | 376 | 322 | 211 | 84 | 130 | |
| Other Income | 5 | 4 | 7 | 2 | 3 | 2 | 2 | 0 | 4 | 2 | |
| Total Income | 266 | 267 | 324 | 271 | 318 | 378 | 323 | 212 | 87 | 132 | |
| Total Expenditure | -265 | -258 | -312 | -256 | -310 | -401 | -342 | -257 | -104 | -128 | |
| PBIDT | 1 | 9 | 12 | 15 | 8 | -23 | -18 | -46 | -17 | 4 | |
| Interest | -17 | -20 | -25 | -27 | -5 | -2 | -2 | 0 | 0 | 0 | |
| Depreciation | -5 | -5 | -6 | -5 | -5 | -5 | -5 | -5 | -5 | -5 | |
| Taxation | 6 | 5 | 6 | -16 | |||||||
| Exceptional Items | 1 | 61 | 62 | ||||||||
| PAT | -14 | -11 | -12 | -34 | -3 | -30 | -25 | -49 | 39 | 62 | |
| Adjusted EPS | -11 | -8 | -9 | -24 | -2 | -22 | -18 | -36 | 28 | 43 |
| Particulars | 10 years | 2012-03 Rs. Cr. | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. |
| Cash Fr. Operatn. | 20 | 11 | -14 | 9 | 17 | -13 | -11 | 3 | 1 | 133 | |
| Cash Fr. Inv. | -6 | -1 | -19 | -1 | 1 | 9 | 2 | 0 | 0 | 0 | |
| Cash Fr. Finan. | -13 | -10 | 36 | -11 | -19 | 13 | 0 | -4 | -2 | -132 | |
| Net Change | 1 | 0 | 3 | -3 | -1 | 9 | -9 | -1 | -1 | 0 | |
| Cash & Cash Eqvt | 5 | 2 | 5 | 3 | 1 | 11 | 2 | 1 | 0 | 0 |
|
Thu, 05 May 2022
Clarification On Price Movement This is with reference to your E Mail bearing Reference No. L/SURV/ONL/PV/VK/ 2022-2023 / 2351 received on 2nd May 2022 seeking clarification on the price movement of Modern Steels Limited (the Company).We wish to inform that as on date there is no material relevant information event etc. that have a bearing on the operation and performance of the Company which requires disclosure as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations). Further we wish to clarify that as the shares of the Company are freely traded on the Stock Exchange and is purely market driven the Company is unable to comment on the movement in the share price of the Company.The Company reiterates its adherence to the requirements laid down in Regulation 30 of SEBI (LODR) Regulations 2015 and we will keep the Stock Exchange duly informed of any information as required under the said regulations as and when any such event occurs. |
|
Mon, 02 May 2022
Clarification sought from Modern Steels Ltd The Exchange has sought clarification from Modern Steels Ltd on May 2 2022 with reference to significant movement in price in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded. The reply is awaited. |
|
Thu, 07 Apr 2022
SUBMISSION OF CERTIFICATE UNDER REGULATION 40(9) OF SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENT) REGULATIONS 2015 With reference to the captioned subject matter please find enclosed herewith Certificate under Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as issued by M/s. Prince Chadha & Associates Practising Company Secretaries (CP No. 12409) for the year ended 31st March 2022.This is for your information and records. |
| Wed, 18 May 2022 |
Higher Delivery Quantity
|
Higher Trade Quantity
|
Higher Trade and Delivery Quantity
|
Opening at High
|
Increasing Relative Strength - Sectoral Index
|
Equities
M.F.
Sectors