MSP Steel & Power Ltd
MSP Steel & Power Ltd (MSPL) last reported results for the quarter ended Jun 2026, with sales of ₹827 crore and net profit of ₹22 crore. The stock last traded at ₹32.1, a market capitalisation of ₹1,820 crore, on a P/E of 13.1. Over the past 52 weeks the stock has ranged between ₹26.2 and ₹46.4. Figures are as of 6 Oct 2026 and are not real time.
MSP Steel & Power Ltd share price and key metrics
- Current price
- ₹32.1
- Market cap
- ₹1,820 cr
- Stock P/E
- 13.1
- Book value
- ₹17.6
- ROE
- 13.9%
- ROCE
- 9.69%
- Dividend yield
- 0.00%
- 52w high / low
- 46.4/26.2
Metrics as of 6 Oct 2026. Not real time.
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MSP Steel & Power Ltd growth and returns
- 10 Years
- 12%
- 5 Years
- 11%
- 3 Years
- 4%
- TTM
- 4%
- 10 Years
- 11%
- 5 Years
- 94%
- 3 Years
- 67%
- TTM
- 905%
- 10 Years
- 12%
- 5 Years
- 27%
- 3 Years
- 19%
- 1 Year
- -15%
- 10 Years
- -2%
- 5 Years
- 3%
- 3 Years
- 5%
- Last Year
- 14%
MSP Steel & Power Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹827 cr, up 16.3% from ₹711 cr a year earlier. Net profit was ₹22 cr, up 22.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 656 | 717 | 760 | 711 | 677 | 639 | 816 | 827 |
| Expenses | 630 | 698 | 715 | 666 | 654 | 606 | 739 | 774 |
| Operating profit | 27 | 19 | 45 | 45 | 23 | 33 | 77 | 53 |
| OPM % | 4.1% | 2.7% | 6% | 6% | 3.4% | 5% | 9% | 6% |
| Other income | 0 | 0 | 2 | 1 | -100 | -1 | 1 | 3 |
| Interest | 22 | 16 | 23 | 10 | 10 | 11 | 17 | 11 |
| Depreciation | 13 | 14 | 13 | 14 | 14 | 14 | 14 | 14 |
| Profit before tax | -8 | -10 | 10 | 22 | -100 | 7 | 48 | 30 |
| Tax % | 13% | -185% | 423% | 17% | -26% | 25% | -77% | 26% |
| Net profit | -10 | 8 | -34 | 18 | -75 | 5 | 85 | 22 |
| EPS (₹) | -0.20 | 0.15 | -0.60 | 0.31 | -1.32 | 0.10 | 1.50 | 0.39 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
MSP Steel & Power Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 849 | 1,160 | 1,670 | 1,533 | 1,723 | 2,340 | 2,550 | 2,874 | 2,905 | 2,843 | 2,959 |
| Operating profit | 74 | 117 | 130 | 82 | 142 | 155 | 64 | 125 | 134 | 178 | 185 |
| OPM % | 9% | 10% | 8% | 5% | 8% | 7% | 2.5% | 4.4% | 4.6% | 6% | 6% |
| Net profit | -94 | -56 | -21 | -68 | 5 | 26 | -51 | 14 | -28 | 34 | 38 |
| EPS (₹) | -10.64 | -1.44 | -0.53 | -1.76 | 0.13 | 0.67 | -1.31 | 0.37 | -0.50 | 0.60 | 0.67 |
TTM is the trailing twelve months to the most recent quarter.
MSP Steel & Power Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 88 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 567 | 567 |
| Reserves | 335 | 266 | 249 | 207 | 175 | 202 | 153 | 166 | 381 | 432 |
| Borrowings | 1,202 | 913 | 884 | 861 | 797 | 857 | 832 | 813 | 294 | 352 |
| Other liabilities | 171 | 221 | 182 | 283 | 153 | 307 | 277 | 274 | 293 | 376 |
| Total liabilities | 1,796 | 1,786 | 1,699 | 1,737 | 1,511 | 1,751 | 1,648 | 1,638 | 1,535 | 1,728 |
| Fixed assets | 1,070 | 1,013 | 959 | 906 | 855 | 827 | 826 | 816 | 790 | 793 |
| CWIP | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 6 | 19 |
| Investments | 55 | 50 | 53 | 47 | 40 | 40 | 46 | 45 | 47 | 49 |
| Other assets | 670 | 722 | 686 | 783 | 615 | 884 | 776 | 776 | 691 | 867 |
| Total assets | 1,796 | 1,786 | 1,699 | 1,737 | 1,511 | 1,751 | 1,648 | 1,638 | 1,535 | 1,728 |
As reported by the company. Total assets equal total liabilities by construction.
MSP Steel & Power Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 73 | 147 | 94 | 77 | 178 | 110 | 86 | 170 | 189 | 148 |
| Cash from investing | 1 | -19 | 14 | -0 | -1 | -62 | -19 | -50 | -34 | -58 |
| Cash from financing | -61 | -122 | -108 | -79 | -177 | -11 | -104 | -106 | -178 | -90 |
| Net cash flow | 13 | 6 | 0 | -2 | -0 | 37 | -37 | 15 | -22 | 0 |
| Free cash flow | 73 | 148 | 92 | 78 | 174 | 85 | 32 | 125 | 157 | 89 |
| CFO / operating profit | 100% | 126% | 73% | 97% | 125% | 73% | 138% | 138% | 144% | 78% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
MSP Steel & Power Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 1% | 4% | 5% | 2% | 6% | 7% | 2% | 8% | 6% | 10% |
| Debtor days | 58 | 33 | 24 | 18 | 12 | 11 | 11 | 9 | 9 | 11 |
| Inventory days | 175 | 149 | 108 | 162 | 104 | 89 | 84 | 78 | 74 | 96 |
| Days payable | 70 | 78 | 46 | 56 | 34 | 52 | 36 | 34 | 36 | 53 |
| Cash conversion cycle | 163 | 104 | 87 | 124 | 82 | 48 | 59 | 53 | 47 | 54 |
| Working capital days | 38 | 32 | 31 | 34 | 38 | 23 | 18 | 14 | 15 | 12 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
MSP Steel & Power Ltd shareholding pattern
Promoters held 45.12% at Jun 2026, up from 35.24% at Jun 2025. FIIs 1.18% and DIIs 15.78%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 42.34% | 36.85% | 35.24% | 35.24% | 35.24% | 37.74% | 40.22% | 45.12% |
| FIIs | 1.10% | 0.52% | 0.40% | 0.18% | 0.19% | 0.37% | 0.12% | 1.18% |
| DIIs | 1.91% | 12.90% | 16.70% | 16.70% | 16.70% | 16.70% | 16.81% | 15.78% |
| Public | 54.65% | 49.71% | 47.65% | 47.87% | 47.87% | 45.18% | 42.86% | 37.92% |
| No. of shareholders | 58,970 | 59,460 | 59,211 | 58,804 | 59,609 | 57,646 | 56,983 | 55,388 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Cruxal coverage of MSP Steel & Power Ltd
MSP Steel & Power Ltd corporate filings
- MSP Steel & Power Limited submits voting results for 57th AGM held on 30th September 2026, with all resolutions passedAGM/EGMlow impact
Cruxal's analysis: MSP Steel & Power Limited has announced the completion of its 57th Annual General Meeting…
Read the full analysis - MSP Steel & Power Limited holds 57th AGM; no immediate financial disclosures or strategic updates providedAGM/EGMlow impact
Cruxal's analysis: MSP Steel & Power Limited conducted its 57th Annual General Meeting on September 30…
Read the full analysis - Intimation of Closure of Trading Window for the 2nd Quarter Ended 30th September, 2026.Insider Trading / SASTlow impact
- MSP Steel & Power Ltd announces newspaper publication for 57th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: MSP Steel & Power Ltd has submitted the mandatory newspaper advertisement regarding the…
Read the full analysis - MSP Steel & Power Ltd schedules 57th Annual General Meeting for September 30, 2026Otherslow impact
Cruxal's analysis: MSP Steel & Power Ltd has announced that its 57th Annual General Meeting will be held on…
Read the full analysis - MSP Steel & Power Limited Announces 57th AGM with Proposals for Managerial Remuneration and Related Party TransactionsAGM/EGMmedium impact
Cruxal's analysis: MSP Steel & Power Limited has issued a notice for its 57th Annual General Meeting…
Read the full analysis - MSP Steel and Power Limited Announces Strategic Demerger of Manufacturing Business from MSP Sponge Iron LimitedOthershigh impact
Cruxal's analysis: MSP Steel and Power Limited has received board approval for a Scheme of Arrangement to…
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