MSP Steel & Power Ltd.
Snapshot View

10.91 -0.03 ▼-0.3%

23 July 2021, 04:00:00 P.M.
Volume: 68,934

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.mspsteel.com
Financial Indicators
Market Cap 415.48 Cr.
Earnings per share (EPS) 0.13 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 84.90 Trailing Twelve Months Ending 2021-03
Industry PE 19.75 Trailing Twelve Months Ending 2021-03
Book Value / Share 15.36 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.70 Calculated using Price: 10.78
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 38.54 Cr. 385,415,000 Shares
FaceValue 10
Company Profile

The company was incorporated in India on November 18, 1968 as Adhunik Rollers Private Limited in West Bengal. The name of the company was changed to MSP Steel & Power Private Limited on March 7, 2003. The company subsequently became a public company under the name of MSP Steel & Power Limited with effect from September 9, 2003. The company is currently involved in manufacturing of sponge iron and trading of steel products.

The company is the part of MSP Group. The Group embarked on its journey in the steel industry in a modest manner in the year 1996. An 18000 TPA MS Ingot plant was set up in West Bengal to utilize the waste scrap available in the market.

The industry faced a downturn in the next few years. A lesson was learnt -- the key to survival lay in integration along the value chain of production. As a part of this drive a Re - Rolling mill was established in 1998 for production of high quality construction bars. Looking into the huge potential that lay in making its own raw material for steel melting, the company was among the pioneers in setting up a mini sponge iron plant in the year 1999.

Following its principle of integration and capacity expansion, the group has risen to one of the leading secondary steel manufacturers in Eastern India. Today the group has manufacturing facilities in the states of West Bengal, Orissa, Jharkhand, Andhra Pradesh, Chhattisgarh and Maharashtra.

The company’s production facility is situated in Jangaon village of Chattisgarh. It has the capacity to produce 2000000 TPA of Sponge Iron, 36 MW of power, 150000 tpa of MS Billet, 90000 TPA of Construction Bars. In addition to that it also had the facility of Railway Shading and had Coal Washery of 350000mt/pa.

Some of the clients of the company are Bhushan Steel & Strip Limited, Bhushan Power & Steel Limited, Tata Motors, Hari Machines Private Limited, Lyods Steel Limited, Rajgarh Jute & Textiles Limited, Nalwa Sponge Iron Limited, OCL India Limited, Aarti Steels Limited, Maheswari Ispat Limited, etc.

The group’s largest project so far is being set up at Raigarh, Chattisgarh at a cost of Rs 124 crore. This is a completely integrated steel project, which in due course will also have its captive coal and iron ore mines. The company is in an advanced stage of obtaining lease for iron ore mines in Orissa and Chhattisgarh and has been earmarked for captive coal blocks as per the norms of ministry of coal. Once operational, the unit will become totally self sufficient and one of the least cost producers of steel.

The company is the part of MSP Group. Other companies of the group are Howrah Gases Limited, MSP Rolling Mills Private Limited, MSP Sponge Iron Limited, MSP Steels Private Limited, MSP Metallics Limited, Chaman Metallics Limited, Ashirwad Steels & Inds Limited.

In 2010 the company started operation of its 115500 MTPA of Sponge Iron Plant and 18 MW Power Plant

Product range of the company includes:

  • Sponge Iron- Sponge Iron has become the preferred raw material for secondary steel production in India. The company has consolidated its position to meet the growing demand and is one of the leading coal based DRI manufacturer in India as on date.
  • Billets/Ingots- The Company produces high quality mild steel billets/ingots for its re-rolling mills. This ensures high quality standards.Power.
  • Construction Bars (TMT)- MSP is a fully integrated steel manufacturer producing high grade TMT construction rods. MSP uses fully killed steel manufactured from virgin raw materials. The mill is technologically advanced and uses automatic rolling to ensure the quality. All raw material used is tested to ensure the high MSP quality standards.

Awards/Achievements

The company is ISO9001: 2000 certified.

Over the years it had received certificate for Industrial research from Shriram Institute.

In 2012 MSP STEEL & POWER LTD won the TIMES OF INDIA Award for Innovative Talent Management & Succession Planning for the year 2012.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.27%
1 Week
+0.18%
1 Month
+0.74%
3 Month
+7.17%
6 Month
+40.96%
1 Year
+74.28%
2 Year
+74.84%
5 Year
-11.30%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 7.94 4.50 3.46 -16.51 -33.45 -19.94 -10.07 -3.06 -10.76
Return on Capital Employed (%) 7.72 7.75 7.92 -2.37 -4.19 1.17 4.24 5.01 1.97
Return on Assets (%) 1.85 1.08 1.00 -4.89 -9.50 -5.33 -3.21 -1.22 -4.02

Balance Sheet View Details

Particulars 9 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.
Shh. Funds 386 697 719 615 515 423 683 665 593
Non Curr. Liab. 601 609 672 949 845 812 530 524 536
Curr. Liab. 644 753 758 485 410 508 515 468 577
Minority Int. 20 20 20 20 0
Equity & Liab. 1,651 2,079 2,169 2,069 1,770 1,743 1,728 1,657 1,706
Non Curr. Assets 1,239 1,298 1,382 1,418 1,226 1,132 1,070 1,019 961
Curr. Assets 412 781 787 651 545 612 658 638 744
Misc. Exp. not W/O 0 0
Total Assets 1,651 2,079 2,169 2,069 1,770 1,743 1,728 1,657 1,706

Profit Loss View Details

Particulars 9 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.
Net Sales 696 922 1,193 1,092 905 849 1,160 1,670 1,533
Other Income 5 8 36 6 2 1 3 2 3
Total Income 702 929 1,229 1,098 906 850 1,163 1,672 1,535
Total Expenditure -580 -762 -1,034 -1,088 -915 -775 -1,043 -1,539 -1,451
PBIDT 121 167 196 10 -9 76 120 132 85
Interest -59 -91 -109 -109 -119 -123 -129 -79 -86
Depreciation -29 -46 -55 -53 -63 -56 -57 -55 -54
Taxation -8 -10 -11 49 9 10 6 -19 -11
Exceptional Items 5 -1 -2
PAT 26 20 21 -104 -182 -94 -56 -21 -68

Cash Flow View Details

Particulars 9 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.
Cash Fr. Operatn. 31 -144 275 88 -22 73 147 94 77
Cash Fr. Inv. -217 -131 -192 -127 84 1 -19 14 0
Cash Fr. Finan. 183 273 -84 56 -78 -61 -122 -108 -79
Net Change -4 -3 -1 17 -17 13 6 0 -2
Cash & Cash Eqvt 5 3 2 19 2 18 14 14 11

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 41.62 41.62 41.62 41.62 41.62 41.62 41.62 41.62 41.62
Public 58.38 58.38 58.38 58.38 58.38 58.38 58.38 58.38 58.38
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

Tue, 20 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
In Compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 we are enclosing herewith a copy of certificate issued by KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited) Registrar and Transfer agent of the Company for the first quarter ended 30th June 2021.
Tue, 20 Jul 2021
Shareholding for the Period Ended June 30 2021
MSP Steel & Power Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Tue, 20 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- SHREYA KAR
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 23 Jul 2021
Stock Underperforming Benchmark Index in both 1 Week and 3 Month Stock Underperforming Benchmark Index in both 1 Week and 3 Month
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index

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