MSP Steel & Power Share Price & Earnings Call Analysis

₹29.96+0.07% today

Market cap: ₹1,698 Cr
P/E: 12.19
ROE: 13.91%
PEG: 0.18
Price to sales: 0.58
Debt to equity: 0.35
52W high / low: ₹44.8 / ₹26.4
Sales growth (5Y): 10.53%
EBITDA margin: 6.26%
Net profit margin: 4.76%
Promoter holding: 45.12%
Sales (last year): ₹2,959 Cr

All 12 ratios ↓

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of MSP Steel & Power

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of MSP Steel & Power

Quarterly Results

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 & Power

Profit & Loss

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 & Power

Balance Sheet

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 & Power

Cash Flows

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 & Power

Ratios

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%

Momentum score · price trend

17 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

Period	Share price change	Better than … of 1,910 stocks
Last 12 months	−10.6%	48%
Last 6 months	−19.6%	21%
Last 3 months	−14.6%	33%

The price is 63.9% below its all-time high of ₹82.95 (4 Jan 2008). Stocks more than 20% below their peak have their score halved, so 34 became 17.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For MSP Steel & Power: 0.4 × 48 + 0.4 × 21 + 0.2 × 33 = 34, halved to 17 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.