MSP Steel & Power
MSP Steel & Power Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for MSP Steel & Power Ltd, framed against the sector median so the premium or discount is obvious at a glance.
MSP Steel & Power Ltd trades at a P/E of 74.59× and P/B of 2.30×.
Valuation
Profitability
Growth
Financial Health
MSP Steel & Power Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for MSP Steel & Power Ltd, switchable between annual and quarterly views, consolidated or standalone.
MSP Steel & Power Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,403.22 Cr and reported EPS of ₹0.56.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,188 | 1,670 | 1,533 | 1,723 | 2,340 | 2,550 | 2,874 | 2,905 | 2,843 |
| Other Income | 3 | 2 | 3 | 1 | 3 | 12 | 38 | 4 | 3 |
| Total Income | 1,191 | 1,672 | 1,535 | 1,724 | 2,343 | 2,562 | 2,912 | 2,909 | 2,846 |
| Cost of Goods Sold (COGS) | 861 | 1,252 | 1,185 | 1,320 | 1,870 | 2,095 | 2,295 | 2,355 | 2,227 |
| Gross Profit | 327 | 418 | 347 | 403 | 469 | 455 | 579 | 550 | 616 |
| +Operating Expenses | 210 | 287 | 265 | 261 | 314 | 393 | 453 | 416 | 439 |
| EBITDA | 117 | 130 | 82 | 142 | 155 | 62 | 125 | 134 | 178 |
| +Non-Operating Expenses | 191 | 133 | 138 | 135 | 129 | 132 | 143 | 135 | 1 |
| Profit Before Tax (PBT) | -62 | -2 | -56 | 8 | 30 | -57 | 21 | 3 | -24 |
| +Tax Expense | -6 | 19 | 11 | 4 | 4 | -7 | 6 | 31 | -57 |
| Profit After Tax (PAT) | -56 | -21 | -68 | 5 | 26 | -51 | 14 | -28 | 34 |
| Earnings Per Share (EPS) | -1.44 | -0.53 | -1.76 | 0.13 | 0.67 | -1.31 | 0.37 | -0.50 | 0.60 |
| Diluted Shares Outstanding (Nos.) | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 57 | 57 |
| +Additional Disclosures | 2,128 | 2,929 | 2,770 | 3,035 | 4,184 | 4,717 | 5,185 | 5,263 | 4,997 |
| Sales Growth % | — | 40.56 | -8.21 | 12.42 | 35.77 | 9.01 | 12.68 | 1.09 | -2.14 |
| YoY Sales Growth % | — | 40.56 | -8.21 | 12.42 | 35.77 | 9.01 | 12.68 | 1.09 | -2.14 |
| Material Cost % | 73 | 76 | 76 | 76 | 81 | 80 | 81 | 81 | 78 |
| Employee Cost % | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 3 |
| Other Cost % | 15 | 15 | 14 | 13 | 11 | 13 | 13 | 12 | 12 |
| OPM % | 10 | 8 | 5 | 8 | 7 | 2 | 4 | 5 | 6 |
| Tax % | 10 | -953 | -20 | 42 | 14 | 12 | 31 | 1,207 | 242 |
| Profit Growth % | — | 63.00 | -228.53 | 107.21 | 426.38 | -297.00 | 128.35 | -297.68 | 219.08 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 60 | 76 | 28 | 87 | 101 | 8 | 70 | 80 | 122 |
MSP Steel & Power segment analysis: revenue and profit mix.
Disclosed business segments at MSP Steel & Power with their share of revenue and profit, switchable between consolidated and standalone reporting.
MSP Steel & Power discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
MSP Steel & Power Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy MSP Steel & Power Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
MSP Steel & Power Ltd's investment case rests on 6 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
The company reported a significant 163% quarter-on-quarter profit growth, with net profit reaching 17.8 Cr in the latest quarter, indicating a positive turnaround from previous losses.
With a debt-to-equity ratio of 0.31, the company maintains a relatively low leverage, suggesting a healthy financial structure and reduced risk for investors.
MSP Steel & Power Ltd. shows a positive operating profit margin (OPM) of 4.76%, indicating efficiency in its core business operations before interest and taxes.
As an "Iron & Steel Products" company within the "Capital Goods" sector, MSPL can capitalize on potential growth in infrastructure and industrial demand.
Given its current underperformance, there's an opportunity for MSPL to implement strategic initiatives to gain market share from less efficient competitors.
What can break it.
The company exhibits negative Return on Equity (-3.78%), Return on Assets (-1.79%), and a negative annual profit after tax of -17.3 Cr, reflecting poor overall profitability.
Promoter holding has decreased from 41.62% in June 2022 to 35.24% in September 2025, which could signal a lack of confidence from key insiders.
The company's Return on Capital Employed (ROCE) of 6.43% is significantly lower than most industry peers, indicating competitive disadvantage in capital efficiency.
A negative EPS of -0.33 and a P/E ratio of 0.00 highlight the company's current unprofitability, making valuation challenging and unattractive for growth investors.
The latest quarterly sales saw a decline of 7.92%, suggesting potential challenges in revenue generation and market demand for its Iron & Steel Products.
What would change my mind.
Trim if P/E re-rates above 97. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 31.67. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
MSP Steel & Power Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — MSP Steel & Power Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
MSP Steel & Power Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for MSP Steel & Power Ltd — derived from the live tape, not yesterday's close.
MSP Steel & Power Ltd last traded at ₹41.98 with an intraday range of ₹41.79–₹42.85 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹41.98| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 44.74 | +2.76 | +6.58% |
| R3 | 43.68 | +1.70 | +4.06% |
| R2 | 43.27 | +1.29 | +3.06% |
| R1 | 42.62 | +0.64 | +1.53% |
| PIVOT | 42.21 | 0.23 | 0.54% |
| CURRENT | 41.98 | — | — |
| S1 | 39.44 | -2.54 | -6.04% |
| S2 | 40.50 | -1.48 | -3.52% |
| S3 | 41.15 | -0.83 | -1.99% |
| S4 | 41.56 | -0.42 | -0.99% |
MSPL is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 42.18 ~ 42.85
Trading Below opening range, showing Bearishness
MSP Steel & Power Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for MSP Steel & Power Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
MSP Steel & Power Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for MSP Steel & Power Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in MSP Steel & Power Ltd stood at 54.4% of traded volume, against a 20-day average of 55.5%.
MSP Steel & Power announcements: results, concalls, ratings, M&A.
Filings MSP Steel & Power sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
MSP Steel & Power files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 58 documents below.
Updates
MSP Steel & Power Limited has informed the Exchange regarding 'Open Market Purchase of Equity Shares by Promoter Entity'.
Copy of Newspaper Publication
MSP Steel & Power Limited has informed the Exchange about Copy of Newspaper Publication
Copy of Newspaper Publication
MSP Steel & Power Limited has informed the Exchange about Copy of Newspaper Publication
Certificate under SEBI (Depositories and Participants) Regulations, 2018
MSP Steel & Power Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Trading Window
MSP Steel & Power Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading)…
Investor decks & rating reports.
MSP Steel & Power insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in MSP Steel & Power as reported to SEBI — buying and selling signals from the people who know the business best.
MSP Steel & Power insider activity below tracks 41 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Ilex Private Limited | Insider | 12 Mar 2026 | buy | +2.00 L | ₹63.41 L | ₹31.66 |
| Ilex Private Limited | Insider | 12 Mar 2026 | buy | +2.00 L | ₹63.41 L | ₹31.66 |
| Ilex Private Limited | Insider | 12 Mar 2026 | buy | +2.00 L | ₹63.41 L | ₹31.66 |
| Ilex Private Limited | Insider | 12 Mar 2026 | buy | +2.00 L | ₹63.41 L | ₹31.66 |
| Jagran Vyapaar Pvt Ltd | Insider | 11 Mar 2026 | buy | +11.40 L | ₹3.67 Cr | ₹32.18 |
| Jagran Vyapaar Pvt Ltd | Insider | 11 Mar 2026 | buy | +11.40 L | ₹3.67 Cr | ₹32.18 |
| Jagran Vyapaar Pvt Ltd | Insider | 11 Mar 2026 | buy | +11.40 L | ₹3.67 Cr | ₹32.18 |
| Jagran Vyapaar Pvt Ltd | Insider | 11 Mar 2026 | buy | +11.40 L | ₹3.67 Cr | ₹32.18 |
| Shree Vinay Finvest P Ltd. | Insider | 10 Mar 2026 | buy | +9.03 L | ₹2.87 Cr | ₹31.80 |
| Shree Vinay Finvest P Ltd. | Insider | 10 Mar 2026 | buy | +9.03 L | ₹2.87 Cr | ₹31.80 |
MSP Steel & Power dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue MSP Steel & Power has declared, sequenced by announce and record date.
MSP Steel & Power corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About MSP Steel & Power Ltd: business, sector, key facts.
What MSP Steel & Power Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
MSP Steel & Power Ltd operates in the Basic Materials, listed as NSE: MSPL, BSE: 532650.
MSP Steel & Power Limited (MSPL) is a prominent Indian company primarily engaged in the manufacturing and sale of iron and steel products, both domestically and internationally. Their product portfolio is extensive and caters to a wide range of sectors, demonstrating vertical integration within the steel industry. Their core business revolves around the production and distribution of various steel forms, ensuring a diverse customer base and resilience against fluctuations in individual market segments.
A significant portion of MSPL's business centers on the production and sale of TMT (Thermo-Mechanically Treated) bars, MS (Mild Steel) billets, sponge iron, and pellets. These are fundamental materials in construction and infrastructure projects, making them a key component of MSPL's revenue stream. The company further expands its offerings with structural steel products such as beams, channels, angles, and round bars. This diversification strengthens their position in the market by supplying materials to numerous industrial, infrastructural, engineering, domestic, and agricultural sectors.
Beyond basic steel products, MSPL also provides value-added products, enhancing its competitive edge and profitability. The exact nature of these value-added products isn't specified in the provided text, however, it suggests a focus on offering more specialized and higher-margin steel products, potentially tailored to meet specific customer needs and applications. This aspect underscores MSPL's commitment to moving beyond commodity steel production and establishing itself as a provider of comprehensive steel solutions.
MSPL's product range also includes various types of pipes, namely black steel pipes and square and rectangular hollow sections. These are used across diverse sectors, from water pipelines and irrigation to gas lines, chemical processing, construction, fire-fighting systems, and air conditioning. The breadth of applications highlights the versatility of MSPL’s production and its ability to serve a wide range of industries. In addition to its core steel business, the company also engages in power generation and the sale of scrap and by-products, thereby maximizing resource utilization and generating additional revenue streams.
Established in 1968 and headquartered in Kolkata, India, MSPL's long history suggests a strong foundation within the Indian steel industry. Its integrated business model, ranging from raw material production to finished goods, along with its diversified product portfolio and presence in multiple sectors, positions MSPL as a significant player in the Indian and international steel markets. The inclusion of power generation further diversifies their operations and reduces reliance on external energy sources, providing a degree of operational efficiency and cost control.
Questions investors ask about MSP Steel & Power Ltd (MSPL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of MSP Steel & Power Ltd (MSPL)?
The current share price of MSP Steel & Power Ltd (MSPL) is ₹41.98. Today, the stock has declined by ₹0.50 (1.18%), trading in a range of ₹41.79 to ₹42.85. The stock opened at ₹42.78 with a trading volume of 56,50,507 shares.
02Is MSP Steel & Power Ltd stock a good investment for long-term?
MSP Steel & Power Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,403.22 crores, P/E ratio of 74.59, ROE of 3.36%, and ROCE of 6.43%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of MSP Steel & Power Ltd stock?
The 52-week high price of MSP Steel & Power Ltd (MSPL) is ₹44.85, while the 52-week low is ₹26.25. Currently trading at ₹41.98, the stock is 84.6% away from its 52-week low and 6.4% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy MSP Steel & Power Ltd stock at the current price?
Whether to buy MSP Steel & Power Ltd stock at ₹41.98 depends on multiple factors. The stock is currently trading with a P/E ratio of 74.59 and P/B ratio of 2.30. Today's performance shows a loss of 1.18%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of MSP Steel & Power Ltd and when is the next dividend?
MSP Steel & Power Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹41.98, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of MSP Steel & Power Ltd?
MSP Steel & Power Ltd's key financial metrics include: P/E Ratio: 74.59, P/B Ratio: 2.30, ROE: 3.36%, ROCE: 6.43%, Dividend Yield: 0.00%, EPS: ₹0.56, Book Value: ₹18.18, and Debt-to-Equity: 31.17. The company's market cap stands at ₹2,403.22 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is MSP Steel & Power Ltd stock performing today in the market?
MSP Steel & Power Ltd stock opened at ₹42.78 and is currently trading at ₹41.98, showing a decline of ₹0.50 (1.18%). The intraday high is ₹42.85 and low is ₹41.79. The trading volume stands at 56,50,507 shares, indicating strong market participation today.
08What is the P/E ratio of MSP Steel & Power Ltd and what does it indicate?
MSP Steel & Power Ltd has a Price-to-Earnings (P/E) ratio of 74.59, which means investors are willing to pay ₹74.59 for every ₹1 of earnings. With an EPS of ₹0.56, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about MSP Steel & Power Ltd (MSPL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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