Modern Steels Ltd.
Snapshot View

20.40 -1.05 ▼-4.9%

18 May 2022, 04:01:00 PM
Volume: 7,938

Overview View Details

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:

  • Special & Alloy Steel
  • Stainless Steel
  • Bright Bars

Clientele

  • Ashok Leyland
  • Bharat Gears
  • Carraro
  • Eicher Tractors
  • Lucas TVS
  • M&M
  • Punjab Tractors and many more

Achievements/ recognition:

  • Recipient of ISO / TS – 16949:2002 certification.
  • Recipient of QS- 9000- 1998 certification.
  • Recipient of ISO -9002-1994 certification.
  • Systems are accredited by DNV, Netherlands.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

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

Balance Sheet View Details

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

Profit Loss View Details

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

Cash Flow View Details

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

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 65.53 65.53 65.53 65.53 65.53 65.53 65.53 65.53 65.53
Public 34.47 34.47 34.47 34.47 34.47 34.47 34.47 34.47 34.47
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Announcements View Details

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.

Technical Scans View Details

Wed, 18 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Opening at High Opening at High
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index

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