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Modern Steels

513303 BSE
₹12.49 up 0.43 (3.57%)
Market Cap
₹17.22 Cr
P/E
11.67

Modern Steels (MDRNSTL) share price was ₹12.49 at the 28 Oct 2026 close; market capitalisation ₹17.22 Cr; P/E (TTM) 11.67; sector Industrial Products. The share price fell 26.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue was under ₹1 Cr in both quarters and net profit was ₹0.36 Cr, against ₹0.08 Cr a year earlier (compared with Sep 2025). Promoters held 65.53% of Modern Steels in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 56/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹12.49 −4.71 −27.38% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹17.22 Cr
P/E (TTM)
11.67
EBITDA
−₹94.00 L
Return on Equity
24.89%
Debt to Equity
0.01
Book Value
₹13.79
EPS (TTM)
₹1.07
52W High
₹17.94
52W Low
₹10.35

Price-based figures as of 28 Oct 2026, 16:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Welspun Corp
₹2,559.2029.2367,509 Cr7.370.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,218.3050.1161,593 Cr10.730.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,160.3028.8332,388 Cr2.810.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,314.8037.4916,225 Cr3.950.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹240.8028.0715,399 Cr1.220.82%7.53%10.94%18,622 Cr498 Cr
Usha Martin
₹457.1027.4713,930 Cr4.220.78%14.88%18.75%3,918 Cr508 Cr
Gallantt Ispat
₹552.8030.5913,338 Cr3.830.37%14.60%17.99%4,646 Cr436 Cr
Modern Steels (this company)
₹12.4911.6717 Cr0.910.00%24.89%24.89%2 Cr1 Cr
Median 8 companies₹856.5529.0315,812 Cr3.890.38%14.74%18.37%11,512 Cr511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

56 Good
Overall score

Data confidence 85/100

Category scores

Quality Average 50
Returns, margins, earnings quality 24% weight
Valuation Good 61
Cheap vs sector & own history 26% weight
Financial Health Strong 87
Solvency, leverage, coverage 10% weight
Momentum Average 50
Trend strength, vol-adjusted 13% weight
Ownership Average 50
FII/DII/promoter flows 26% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.78 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.2.44 Cr.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-100% level than 3Y

change over 1 year

Net Income Growth
-75.91% lower than 3Y

change over 1 year

Cash Flow Change
11.01%

change over 1 year

EBITDA Margin Change
-100%

change over 1 year

Quarterly Results

Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
0
0
0
0
0
0
0
0
0
0
0
0
0
Expenses
0.25
0.26
0.26
0.25
0.26
0.25
0.29
0.24
0.23
0.2
0.26
0.22
0.27
Operating Profit
-0.25
-0.26
-0.26
-0.25
-0.26
-0.25
-0.29
-0.24
-0.23
-0.2
-0.26
-0.22
-0.27
Other Income
0.25
0.21
1.23
0.22
0.22
0.23
4.82
0.47
0.31
0.3
0.93
0.58
0.63
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
0.01
0
0
PBT
0
-0.05
0.97
-0.03
-0.04
-0.02
4.53
0.23
0.08
0.1
0.66
0.36
0.36
Tax %
—
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
0
-0.05
0.97
-0.03
-0.04
-0.02
4.53
0.23
0.08
0.1
0.66
0.36
0.36
EPS (₹)
0
-0.04
0.7
-0.02
-0.03
-0.01
3.29
0.17
0.06
0.07
0.48
0.26
0.26
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
0.95
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
-0.95
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
2.44
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
1.48
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
1.48
EPS (₹)
-8.84
-24.39
-1.87
-21.97
-18.32
-36.9
-16.35
55.32
10.05
0.42
3.23
0.77
1.07
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 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
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
5.21
Borrowings
174
185
188
189
187
185
52.86
7.04
1.27
0.2
0.2
0.21
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
0.56
Total Liabilities
260
222
235
189
170
113
95.06
6.37
14.28
13.91
18.8
19.87
20.38
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
0.05
CWIP
0
0
0
0.28
0.28
0.28
0.67
0
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
0.03
Other Assets
178
144
167
126
111
57.79
44.37
6.28
14.19
13.82
18.71
19.79
20.3
Total Assets
260
222
235
189
170
113
95.06
6.37
14.28
13.91
18.8
19.87
20.38
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
9.25
16.6
-12.5
-10.98
3.48
1.29
133
-3.31
0.34
3.27
3.63
0.15
Investing
-1.46
1.03
9.07
2.27
-0.11
0.07
-0.44
52.47
0
-1.73
-4.56
-0.14
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
0.15
CFO/EBITDA
172
127
-242
44
-16
-3
-633
-3,030
-62
-253
-346
-16
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Modern Steels insights

60 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

DIIs0.05%Promot.65.53%Others1.60%Public32.81%As ofSep 2026

Documents

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 (MDRNSTL) listed?
Modern Steels Ltd trades 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 ₹17.22 Cr as of 28 Oct 2026, 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 11.67 as of 28 Oct 2026, on earnings per share of ₹1.07, against a book value of ₹13.79 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 ₹17.94 as of 28 Oct 2026.
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
Shares Outstanding 1,37,85,395

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