MSP Steel & Power Limited

Capital Goods · Industrial Products

NSE: MSPL BSE: 532650

₹33.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #93 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61
MSP Steel & Power Limited (this stock)	1,870	48.5	3.3%	-11.6%	—	37	61	14

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹2,177 Cr

EV / EBITDA

24.5x

EV / Sales

0.74x

Market cap / Sales

0.63x

Earnings yield

2.06%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 829 Cr, up 16.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 22 Cr, up 23.1% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	827	30	22	₹0.3900
March 31, 2026	816	48	85	₹1.5100
Dec. 31, 2025	639	7	5	₹0.1000
Sept. 30, 2025	677	-101	-75	₹-1.3200
June 30, 2025	711	22	18	₹0.3100
March 31, 2025	760	10	-34	₹-0.6500
Dec. 31, 2024	717	-10	8	₹0.2100
Sept. 30, 2024	656	-8	-10	₹-0.2500
June 30, 2024	772	10	7	₹0.1800
March 31, 2024	748	4	13	₹0.3400
Dec. 31, 2023	781	7	1	₹0.0300
Sept. 30, 2023	674	4	-2	₹-0.0400
June 30, 2023	671	6	1	₹0.0400

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	829	818	639	678	711	762	717	656	773	766	787	683	675
Operating revenue	827	816	639	677	711	760	717	656	772	748	781	674	671
Other income	3	1	0	1	1	2	0	0	1	18	7	10	4
Operating expenses	774	739	606	654	666	716	698	630	729	724	742	645	638
Operating profit	53	77	33	23	45	44	19	27	43	25	39	29	33
Operating profit margin	6.4%	9.5%	5.1%	3.4%	6.3%	5.8%	2.7%	4.0%	5.6%	3.3%	5.0%	4.3%	4.9%
Depreciation	14	14	14	14	14	13	13	13	14	13	14	14	14
Interest	11	17	11	10	10	23	16	22	21	25	25	20	17
Exceptional items, gain / (loss)	—	—	-1	-101	—	—	—	—	—	—	—	—	—
Profit before tax	30	48	7	-101	22	10	-10	-8	10	4	7	4	6
Tax	8	-37	2	-26	4	44	-18	1	3	-9	5	5	5
Net profit	22	—	5	—	18	-34	8	-10	7	13	1	-2	1
EPS	0.39	1.51	0.10	-1.32	0.31	-0.65	0.21	-0.25	0.18	0.34	0.03	-0.04	0.04
Net profit (TTM)	—	—	—	—	-18	-29	19	12	20	14	21	22	-38
EPS (TTM)	0.68	0.60	-1.56	-1.45	-0.38	-0.51	0.48	0.30	0.51	0.37	0.54	0.57	-0.97

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	2,843	-24	34
March 31, 2025	2,905	2	-29
March 31, 2024	2,874	21	14
March 31, 2023	2,550	-60	-54

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	3.6%	10.5%	2,846^†	2,909^†	2,912^†	2,562^†	2,343^†	1,724^†	1,535^†	1,672^†	1,187^†	263^†
Operating revenue	3.7%	10.5%	2,843	2,905	2,874	2,550	2,340^†	1,723^†	1,533^†	1,670^†	1,184^†	262^†
Other income	—	—	3^†	4^†	38^†	12^†	3^†	1^†	2^†	2^†	3^†	1^†
Operating expenses	—	—	2,665^†	2,772^†	2,748^†	2,491^†	2,184^†	1,578^†	1,450^†	—	—	675^†
Operating profit	44.3%	4.1%	178^†	133^†	125^†	59^†	155^†	145^†	82^†	—	—	-413^†
Operating profit margin	—	—	6.2%^†	4.6%^†	4.4%^†	2.3%^†	6.6%^†	8.4%^†	5.4%^†	—	—	-157.9%^†
Depreciation	—	—	55^†	54^†	55^†	54^†	54^†	55^†	54^†	—	—	56^†
Interest	—	—	47^†	81^†	88^†	77^†	74^†	79^†	85^†	79^†	129^†	123^†
Exceptional items, gain / (loss)	—	—	-102^†	0^†	0^†	0^†	8^†	0^†	-2^†	-1^†	5^†	0^†
Profit before tax	—	—	-24	2	21	-60	38^†	11^†	-56^†	-2^†	-62^†	-104^†
Tax	—	—	-57^†	31^†	6^†	-7^†	4^†	4^†	11^†	19^†	-6^†	-10^†
Net profit	—	34.3%	34	-29	14	-54	34^†	8^†	-67^†	-21^†	-56^†	-94^†
EPS	—	24.6%	0.60^†	-0.51^†	0.37^†	-1.39^†	0.88^†	0.20^†	-1.75^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	6.2%^†	4.6%^†	4.4%^†	2.3%^†	6.6%^†	8.4%^†	5.4%^†	—	—	-157.9%^†
EBIT margin	0.8%^†	2.9%^†	3.8%^†	0.7%^†	4.8%^†	5.3%^†	1.9%^†	4.6%^†	5.7%^†	7.3%^†
PBT margin	-0.8%	0.1%	0.7%	-2.4%	1.6%^†	0.7%^†	-3.7%^†	-0.1%^†	-5.2%^†	-39.8%^†
Net margin	1.2%	-1.0%	0.5%	-2.1%	1.5%^†	0.4%^†	-4.4%^†	-1.2%^†	-4.7%^†	-35.8%^†
Interest coverage	0.50x^†	1.03x^†	1.24x^†	0.22x^†	1.51x^†	1.14x^†	0.34x^†	0.98x^†	0.52x^†	0.16x^†
Dividend payout	0.0%^†	—	0.0%^†	—	0.0%^†	0.0%^†	—	—	—	—
Earnings retention	100.0%^†	—	100.0%^†	—	100.0%^†	100.0%^†	—	—	—	—
Current ratio	1.17x	1.26x	—	—	—	—	—	—	—	—
Quick ratio	0.32x	0.37x	—	—	—	—	—	—	—	—
Debt to equity	0.30x	0.27x	—	—	—	—	—	—	—	—
Return on equity	3.3%	-2.9%	—	—	—	—	—	—	—	—
Return on assets	2.0%	-1.9%	—	—	—	—	—	—	—	—
Return on capital employed	2.3%^†	8.4%^†	—	—	—	—	—	—	—	—
Asset turnover	1.65x	1.90x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	148	-58	-90	59	89
March 31, 2025	189	-33	-178	32	156
March 31, 2024	170	-51	-104	46	125
March 31, 2023	81	-18	-101	54	27
March 31, 2022	110	-62	-11	26	84

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,724	1,027	461	310	0	804	685	4	781	586
March 31, 2025	1,531	976	409	250	11	672	534	4	790	474
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.