Modern Steels
MODERNSTEELSLTD NSE
Modern Steels
Industrial ProductsNSE: MODERNSTEELSLTD BSE: 513303 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹19.64 Cr
Volatility
Moderate
P/E Ratio
16.3
EBITDA
₹-0.94 Cr
Return on Equity
24.89%
Debt to Equity
0.01
Book Value
₹13.26
EPS
₹0.65
52W High
₹20.15
52W Low
₹10.35
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 1.07 times its book value
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 12.9% over last 3 years.
- Earnings include an other income of Rs.2.12 Cr.
Growth Rate
Revenue Growth
-100% level than
3Y
Net Income Growth
-75.91% lower than
3Y
Cash Flow Change
11.01% lower than
3Y
ROE
479% higher than
3Y
ROCE
477% higher than
3Y
EBITDA Margin (Avg.)
-100% level than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.53 | 0.25 | 0.26 | 0.26 | 0.25 | 0.26 | 0.25 | 0.29 | 0.24 | 0.23 | 0.2 | 0.26 | 0.22 |
| Operating Profit | -0.53 | -0.25 | -0.26 | -0.26 | -0.25 | -0.26 | -0.25 | -0.29 | -0.24 | -0.23 | -0.2 | -0.26 | -0.22 |
| Other Income | 0.18 | 0.25 | 0.21 | 1.23 | 0.22 | 0.22 | 0.23 | 4.82 | 0.47 | 0.31 | 0.3 | 0.93 | 0.58 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| PBT | -0.35 | 0 | -0.05 | 0.97 | -0.03 | -0.04 | -0.02 | 4.53 | 0.23 | 0.08 | 0.1 | 0.66 | 0.36 |
| Tax % | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -0.35 | 0 | -0.05 | 0.97 | -0.03 | -0.04 | -0.02 | 4.53 | 0.23 | 0.08 | 0.1 | 0.66 | 0.36 |
| EPS in Rs | -0.25 | 0 | -0.04 | 0.7 | -0.02 | -0.03 | -0.01 | 3.29 | 0.17 | 0.06 | 0.07 | 0.48 | 0.26 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 313 | 262 | 309 | 376 | 322 | 211 | 83.53 | 102 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 307 | 248 | 304 | 401 | 342 | 257 | 104 | 102 | 0.55 | 1.29 | 1.05 | 0.94 | 0.91 |
| Operating Profit | 5.57 | 13.28 | 5.09 | -24.7 | -20.12 | -45.91 | -20.88 | 0.2 | -0.55 | -1.29 | -1.05 | -0.94 | -0.91 |
| OPM % | 1.78% | 5.07% | 1.65% | -6.57% | -6.26% | -21.71% | -25% | 0.2% | — | — | — | — | — |
| Other Income | 6.89 | 2 | 2.55 | 1.66 | 1.85 | 0.38 | 3.71 | 80.38 | 14.62 | 1.87 | 5.49 | 2.01 | 2.12 |
| Interest | 25.03 | 27.13 | 4.86 | 1.79 | 1.77 | 0.39 | 0.46 | 0.86 | 0.24 | 0 | 0 | 0 | 0 |
| Depreciation | 5.83 | 5.39 | 5.36 | 5.41 | 5.17 | 4.86 | 4.87 | 3.59 | 0 | 0 | 0 | 0.01 | 0.01 |
| PBT | -18.4 | -17.24 | -2.58 | -30.24 | -25.21 | -50.78 | -22.5 | 76.13 | 13.83 | 0.58 | 4.44 | 1.06 | 1.2 |
| Tax % | -33.91% | 94.72% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | -12.16 | -33.57 | -2.58 | -30.24 | -25.21 | -50.78 | -22.5 | 76.13 | 13.83 | 0.58 | 4.44 | 1.06 | 1.2 |
| EPS in Rs | -8.84 | -24.39 | -1.87 | -21.97 | -18.32 | -36.9 | -16.35 | 55.32 | 10.05 | 0.42 | 3.23 | 0.77 | 0.87 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.76 | 13.76 | 13.76 | 13.76 | 13.76 | 13.76 | 13.76 | 13.77 | 13.77 | 13.77 | 13.77 | 14.4 |
| Reserves | 9.97 | -23.6 | -24.18 | -56.72 | -82.01 | -131 | -92.27 | -14.77 | -0.94 | -0.37 | 4.07 | 4.49 |
| Borrowings | 174 | 185 | 188 | 189 | 187 | 185 | 52.86 | 7.04 | 1.27 | 0.2 | 0.2 | 0.21 |
| Other Liabilities | 62.97 | 46.07 | 57.96 | 43.12 | 51.75 | 45.65 | 121 | 0.33 | 0.18 | 0.31 | 0.76 | 0.77 |
| Total Liabilities | 260 | 222 | 235 | 189 | 170 | 113 | 95.06 | 6.37 | 14.28 | 13.91 | 18.8 | 19.87 |
| Fixed Assets | 77.66 | 72.9 | 68.5 | 62.52 | 59.13 | 54.57 | 49.99 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 |
| CWIP | 0 | 0 | 0 | 0.28 | 0.28 | 0.28 | 0.67 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4.85 | 4.85 | 0.03 | 0.13 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Other Assets | 178 | 144 | 167 | 126 | 111 | 57.79 | 44.37 | 6.28 | 14.19 | 13.82 | 18.71 | 19.79 |
| Total Assets | 260 | 222 | 235 | 189 | 170 | 113 | 95.06 | 6.37 | 14.28 | 13.91 | 18.8 | 19.87 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 9.25 | 16.6 | -12.5 | -10.98 | 3.48 | 1.29 | 133 | -3.31 | 0.34 | 3.27 | 3.63 | 0.02 |
| Investing | -1.46 | 1.03 | 9.07 | 2.27 | -0.11 | 0.07 | -0.44 | 52.47 | 0 | -1.73 | -4.56 | -0.01 |
| Financing | -10.58 | -19.07 | 12.91 | -0.06 | -4.06 | -2.27 | -132 | -48.87 | -0.24 | -1.07 | 0 | 0 |
| Net Cash Flow | -2.79 | -1.44 | 9.48 | -8.77 | -0.69 | -0.91 | -0.08 | 0.29 | 0.1 | 0.46 | -0.93 | 0.01 |
| Free Cash Flow | -1.74 | 15.97 | -13.18 | -10.71 | 1.7 | 0.99 | 132 | 49 | 0.34 | 3.27 | 3.63 | 0.02 |
| CFO/OP | 172 | 127 | -242 | 44 | -16 | -3 | -633 | -3,030 | -62 | -253 | -346 | -2 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 93.94 | 91.39 | 98.56 | 70.25 | 63.72 | 43.45 | 61.79 | 0 | — | — | — | — |
| Inventory Days | 114 | 160 | 123 | 67.75 | 76.63 | 57.97 | 244 | 0 | — | — | — | — |
| Days Payable | 91.65 | 82.25 | 96.55 | 37.13 | 65.59 | 88.16 | 454 | — | — | — | — | — |
| Cash Conversion Cycle | 116 | 169 | 125 | 101 | 74.77 | 13.26 | -148 | 0 | — | — | — | — |
| Working Capital Days | -4.27 | -40.01 | -13.31 | -109 | -151 | -303 | -579 | -5.4 | — | — | — | — |
| ROCE % | 1.61% | 5.34% | 1.08% | -17.59% | -17.7% | -54.28% | -106.55% | — | 189.97% | 4.19% | 28.07% | 5.71% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Modern Steels insights
60 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Consideration And Approval Of Unaudited Financial Results For The Quarter Ended 30 June 2026 11 Aug 2026
2
Revised Standalone Financial Results For The Quarter And Financial Year Ended 31 March 2026 3 Jun 2026
3
Standalone Audited Financial Results For The Quarter And Financial Year Ended March 31 2026 22 May 2026
1
Report On The Requests For Re-Lodgement Of Transfer Of Physical Shares
7 May - Reported April 2026 re-lodgment of physical share transfer requests; none received, processed, approved, or rejected. 7 May - Reported April 2026 re-lodgment of physical share transfer requests; none received, processed, approved, or rejected.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 May - Newspaper publishing regarding special window for re-lodgement of transfer requests of physical shares 5 May - Newspaper publishing regarding special window for re-lodgement of transfer requests of physical shares
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
17 Apr - Modern Steels says it is not a Large Corporate under SEBI debt-fundraising circulars. 17 Apr - Modern Steels says it is not a Large Corporate under SEBI debt-fundraising circulars.
4
Report On The Request For Re-Lodgement Of Transfer Of Physical Shares
8 Apr - Reported zero March 2026 re-lodgment requests for physical shares under SEBI special window. 8 Apr - Reported zero March 2026 re-lodgment requests for physical shares under SEBI special window.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026. 6 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.
3
Intimation Of Dispatch Of Letter To Shareholders Whose Email Address Is Not Registered With Company/RTA/DP 2 Sept 2026
General_Announcements
Frequently Asked Questions about Modern Steels
What does Modern Steels Ltd do?
Established in 1974, Modern Steel Ltd. manufactures low-alloy and carbon-steel-rolled products for commercial vehicles, such as trucks and tractors, passenger vehicles, two-wheelers, and engineering companies.
Where is Modern Steels Ltd (513303) listed?
Modern Steels Ltd trades as MODERNSTEELSLTD on the NSE and under code 513303 on the BSE.
Which sector does Modern Steels Ltd belong to?
Modern Steels Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Modern Steels Ltd?
Modern Steels Ltd has a market capitalisation of ₹19.64 Cr, which places it in the Small Cap band.
What is the PE ratio of Modern Steels Ltd?
Modern Steels Ltd trades at a PE ratio of 16.30, on earnings per share of ₹0.65, against a book value of ₹13.26 per share.
What is the 52-week high and low of Modern Steels Ltd?
Over the last 52 weeks Modern Steels Ltd has traded between ₹10.35 and ₹20.15.
What is the Return on Equity (ROE) of Modern Steels Ltd?
Modern Steels Ltd reported a return on equity of 24.89%. Its debt-to-equity ratio is 0.01.
Company Information
Established in 1974, Modern Steel Ltd. manufactures low-alloy and carbon-steel-rolled products for commercial vehicles, such as trucks and tractors, passenger vehicles, two-wheelers, and engineering companies.
Website modernsteels.com
Face Value ₹ 10
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