Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of MSP Steel & Pow.
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 661.65 | 677.42 | 671.12 | 673.59 | 780.74 | 748.41 | 772.00 | 656.32 | 716.85 | 760.07 | 710.86 | 676.86 | 638.92 |
| Expenses + | 631.56 | 623.52 | 641.53 | 644.89 | 741.54 | 723.76 | 728.73 | 629.64 | 697.64 | 715.37 | 665.96 | 654.09 | 606.40 |
| Operating Profit | 30.09 | 53.90 | 29.59 | 28.70 | 39.20 | 24.65 | 43.27 | 26.68 | 19.21 | 44.70 | 44.90 | 22.77 | 32.52 |
| 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 + | 0.71 | 9.99 | 4.23 | 9.70 | 10.00 | 17.72 | 1.19 | 0.14 | 0.47 | 1.84 | 0.54 | -99.71 | -0.59 |
| Interest | 19.27 | 25.68 | 16.86 | 20.32 | 25.37 | 25.13 | 20.58 | 22.05 | 15.89 | 22.67 | 10.23 | 9.83 | 10.82 |
| Depreciation | 13.64 | 13.32 | 13.96 | 14.36 | 13.83 | 13.26 | 13.64 | 13.22 | 13.50 | 13.39 | 13.68 | 13.72 | 13.82 |
| Profit before tax | -2.11 | 24.89 | 3.00 | 3.72 | 10.00 | 3.98 | 10.24 | -8.45 | -9.71 | 10.48 | 21.53 | -100.49 | 7.29 |
| 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 + | 2.50 | 19.80 | -1.81 | -1.64 | 4.78 | 13.02 | 6.78 | -9.53 | 8.22 | -33.83 | 17.84 | -74.76 | 5.49 |
| EPS in Rs | 0.06 | 0.51 | -0.05 | -0.04 | 0.12 | 0.34 | 0.18 | -0.20 | 0.15 | -0.60 | 0.31 | -1.32 | 0.10 |
Financials of MSP Steel & Pow.
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,191 | 1,090 | 902 | 849 | 1,160 | 1,670 | 1,533 | 1,723 | 2,340 | 2,550 | 2,874 | 2,905 | 2,787 |
| Expenses + | 1,032 | 1,085 | 913 | 775 | 1,043 | 1,539 | 1,451 | 1,581 | 2,184 | 2,487 | 2,748 | 2,771 | 2,642 |
| Operating Profit | 159 | 5 | -11 | 74 | 117 | 130 | 82 | 142 | 155 | 64 | 125 | 134 | 145 |
| OPM % | 13% | 0% | -1% | 9% | 10% | 8% | 5% | 8% | 7% | 2% | 4% | 5% | 5% |
| Other Income + | 36 | 5 | 2 | 1 | 7 | 1 | 1 | 1 | 3 | 15 | 38 | 4 | -98 |
| Interest | 109 | 109 | 118 | 123 | 129 | 79 | 86 | 79 | 74 | 82 | 88 | 81 | 54 |
| Depreciation | 55 | 53 | 63 | 56 | 57 | 55 | 54 | 55 | 54 | 54 | 55 | 54 | 55 |
| Profit before tax | 32 | -152 | -191 | -104 | -62 | -2 | -56 | 8 | 30 | -57 | 21 | 3 | -61 |
| Tax % | 34% | -32% | -5% | -10% | -10% | 956% | 20% | 42% | 14% | -12% | 31% | 1,208% | |
| Net Profit + | 21 | -104 | -182 | -94 | -56 | -21 | -68 | 5 | 26 | -51 | 14 | -28 | -85 |
| EPS in Rs | 2.42 | -11.76 | -20.71 | -10.64 | -1.44 | -0.53 | -1.76 | 0.13 | 0.67 | -1.31 | 0.37 | -0.50 | -1.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of MSP Steel & Pow.
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 86 | 86 | 88 | 88 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 567 | 567 |
| Reserves | 612 | 508 | 427 | 335 | 266 | 249 | 207 | 175 | 202 | 153 | 166 | 381 | 346 |
| Borrowings + | 1,106 | 1,216 | 1,142 | 1,202 | 913 | 884 | 861 | 797 | 857 | 832 | 813 | 294 | 281 |
| Other Liabilities + | 336 | 218 | 113 | 171 | 221 | 182 | 283 | 153 | 307 | 277 | 274 | 293 | 309 |
| Total Liabilities | 2,140 | 2,028 | 1,770 | 1,796 | 1,786 | 1,699 | 1,737 | 1,511 | 1,751 | 1,648 | 1,638 | 1,535 | 1,503 |
| Fixed Assets + | 1,003 | 1,144 | 1,127 | 1,070 | 1,013 | 959 | 906 | 855 | 827 | 826 | 816 | 790 | 779 |
| CWIP | 182 | 111 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 14 |
| Investments | 48 | 75 | 52 | 55 | 50 | 53 | 47 | 40 | 40 | 46 | 45 | 47 | 47 |
| Other Assets + | 907 | 698 | 590 | 670 | 722 | 686 | 783 | 615 | 884 | 776 | 776 | 697 | 663 |
| Total Assets | 2,140 | 2,028 | 1,770 | 1,796 | 1,786 | 1,699 | 1,737 | 1,511 | 1,751 | 1,648 | 1,638 | 1,535 | 1,503 |
Financials of MSP Steel & Pow.
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 275 | 88 | -22 | 73 | 147 | 94 | 77 | 178 | 110 | 86 | 170 | 189 |
| Cash from Investing Activity + | -192 | -127 | 84 | 1 | -19 | 14 | -0 | -1 | -62 | -19 | -50 | -34 |
| Cash from Financing Activity + | -84 | 56 | -78 | -61 | -122 | -108 | -79 | -177 | -11 | -104 | -106 | -178 |
| Net Cash Flow | -1 | 17 | -17 | 13 | 6 | 0 | -2 | -0 | 37 | -37 | 15 | -22 |
| Free Cash Flow | 92 | -35 | 40 | 73 | 148 | 92 | 78 | 174 | 85 | 32 | 125 | 157 |
| CFO/OP | 183% | 1,886% | 200% | 100% | 126% | 73% | 97% | 125% | 73% | 138% | 138% | 144% |
Financials of MSP Steel & Pow.
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 59 | 34 | 44 | 58 | 33 | 24 | 18 | 12 | 11 | 11 | 9 | 9 |
| Inventory Days | 123 | 128 | 130 | 175 | 149 | 108 | 162 | 104 | 89 | 84 | 78 | 74 |
| Days Payable | 64 | 46 | 33 | 70 | 78 | 46 | 56 | 34 | 52 | 36 | 34 | 36 |
| Cash Conversion Cycle | 117 | 116 | 142 | 163 | 104 | 87 | 124 | 82 | 48 | 59 | 53 | 47 |
| Working Capital Days | 2 | 49 | 53 | 38 | 32 | 31 | 34 | 38 | 23 | 18 | 15 | 15 |
| ROCE % | 8% | -2% | -4% | 1% | 4% | 5% | 2% | 6% | 7% | 2% | 8% | 6% |
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