---
title: "Mideast Integrated Steels Ltd (MIDEASTSTL) — Share Price, Financials & Analysis"
symbol: "MIDEASTSTL"
company: "Mideast Integrated Steels Ltd"
canonical: "https://tapetide.com/stocks/MIDEASTSTL"
isin: "INE170N01016"
bse_code: "540744"
sector: "Commodities"
industry: "Ferrous Metals"
generated_at: "2026-09-13T18:56:28.615Z"
---

# Mideast Integrated Steels Ltd (MIDEASTSTL)

Canonical page: https://tapetide.com/stocks/MIDEASTSTL

## Company

- **BSE Code:** 540744
- **ISIN:** INE170N01016
- **Sector:** Commodities
- **Industry:** Ferrous Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2017-10-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mescosteel.com

## About

Mideast Integrated Steel Ltd is engaged in extraction of iron ore and production of pig iron.The Co belongs to the Mesco Steel Group which has business interests in steel to aerospace.  [1]

## Latest Price

- **Price:** ₹9.58
- **Change:** -0.5 (-4.96%)
- **Open:** ₹9.58
- **Day High:** ₹9.58
- **Day Low:** ₹9.58
- **Previous Close:** ₹10.08
- **Volume:** 1824
- **As Of:** 2022-06-29T03:19:11+00:00

## Key Insights

### Strengths

- Stock is trading at 0.47 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -34.6% over last 3 years.
- Contingent liabilities of Rs.1,319 Cr.
- Earnings include an other income of Rs.19.0 Cr.
- Debtor days have increased from 42.0 to 74.8 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 39% | 1% | -7% |
| revenue growth | -19% | -12% | 23% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 212 | 132 | 428 | 184 | 128 | 115 | 146 | 210 | 65 | 131 | 139 | 153 |
| Expenses | 162 | 132 | 401 | 166 | 162 | 109 | 255 | 217 | 94 | 139 | 127 | 148 |
| Operating Profit | 50 | 0 | 26 | 18 | -33 | 6 | -109 | -7 | -28 | -8 | 12 | 5 |
| OPM % | 24 | 0.1 | 6 | 10 | -26 | 6 | -74 | -3.5 | -43 | -6 | 8 | 3.1 |
| Other Income | 0 | -1 | -22 | -23 | 0 | 68 | 1 | 1 | 0 | 3 | 15 | 0 |
| Interest | 12 | 15 | 110 | 16 | 12 | 81 | 15 | 13 | 13 | 13 | 8 | 12 |
| Depreciation | 14 | 19 | 50 | 16 | 14 | 17 | 16 | 18 | 18 | 18 | 17 | 17 |
| Profit before tax | 23 | -34 | -156 | -37 | -60 | -23 | -140 | -37 | -59 | -36 | 1 | -23 |
| Tax % | 35 | 0 | -13 | -15 | 0 | 30 | -6 | 9 | 2 | -8 | 2683 | 63 |
| Net Profit | 15 | -34 | -135 | -32 | -60 | -30 | -132 | -41 | -60 | -33 | -35 | -38 |
| EPS in Rs | 1.1 | -2.47 | -9.82 | -2.29 | -4.33 | -2.21 | -9.55 | -2.94 | -4.37 | -2.4 | -2.51 | -2.75 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 948 | 1062 | 403 | 192 | 228 | 803 | 784 | 628 | 545 | 488 |
| Expenses | 763 | 1036 | 452 | 240 | 230 | 888 | 771 | 663 | 577 | 508 |
| Operating Profit | 185 | 26 | -49 | -48 | -2 | -85 | 13 | -36 | -32 | -20 |
| OPM % | 20 | 2.5 | -12 | -25 | -1.1 | -11 | 1.6 | -6 | -6 | -4.2 |
| Other Income | 14 | 84 | 48 | 7 | 493 | 8 | 118 | -14 | 20 | 19 |
| Interest | 173 | 109 | 11 | 16 | 35 | 50 | 39 | 126 | 48 | 47 |
| Depreciation | 83 | 82 | 82 | 68 | 68 | 66 | 65 | 66 | 70 | 69 |
| Profit before tax | -58 | -81 | -94 | -124 | 388 | -194 | 27 | -241 | -131 | -117 |
| Tax % | 12 | 6 | 6 | 2 | 0 | 1 | 27 | -1 | 29 | — |
| Net Profit | -64 | -87 | -100 | -126 | 388 | -195 | 20 | -239 | -169 | -166 |
| EPS in Rs | -4.65 | -6.28 | -7.23 | -9.16 | 28.12 | -14.17 | 1.42 | -17.35 | -12.22 | -12.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 |
| Reserves | 343 | 279 | 193 | 94 | -32 | 355 | 160 | 180 | 313 | 145 |
| Borrowings | 481 | 492 | 510 | 518 | 515 | 377 | 409 | 889 | 549 | 547 |
| Other Liabilities | 1133 | 1285 | 1302 | 1236 | 1217 | 1043 | 1046 | 901 | 913 | 991 |
| Total Liabilities | 2095 | 2194 | 2143 | 1986 | 1838 | 1913 | 1753 | 2108 | 1913 | 1821 |
| Fixed Assets | 1326 | 1268 | 1193 | 1105 | 1037 | 1038 | 981 | 927 | 1198 | 1129 |
| CWIP | 59 | 54 | 70 | 71 | 71 | 46 | 58 | 56 | 59 | 56 |
| Investments | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Other Assets | 698 | 860 | 868 | 799 | 718 | 816 | 702 | 1114 | 644 | 624 |
| Total Assets | 2095 | 2194 | 2143 | 1986 | 1838 | 1913 | 1753 | 2108 | 1913 | 1821 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 187 | 168 | -46 | -100 | -13 | -214 | 3 | 50 | 95 | -1 |
| Cash from Investing Activity | -50 | -17 | 17 | 35 | 19 | 46 | 26 | -8 | -2 | -3 |
| Cash from Financing Activity | -136 | -126 | 35 | 27 | -16 | 171 | -18 | -31 | -52 | -1 |
| Net Cash Flow | 0 | 25 | 6 | -38 | -10 | 2 | 10 | 11 | 41 | -5 |
| Free Cash Flow | 140 | 146 | -69 | -100 | -13 | -170 | 24 | 41 | 92 | -6 |
| CFO/OP | 216 | 97 | -135 | 194 | 27 | 8614 | -3 | 391 | -266 | 4 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 3 | 5 | 17 | 37 | 69 | 68 | 20 | 10 | 41 | 75 |
| Inventory Days | 288 | 224 | 90 | 184 | 3063 | 1129 | 115 | 89 | 160 | 144 |
| Days Payable | 294 | 320 | 151 | 331 | 5269 | 1113 | 127 | 56 | 131 | 96 |
| Cash Conversion Cycle | -3 | -91 | -44 | -109 | -2137 | 84 | 8 | 42 | 70 | 123 |
| Working Capital Days | -83 | -101 | -121 | -320 | -743 | -416 | -141 | -191 | 2 | -40 |
| ROCE % | 4 | 12 | 3 | -9 | -13 | 18 | -13 | 6 | -8 | -8 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jul 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 65.54% | 65.54% | 65.54% | 65.54% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% |
| DIIs | 0.23% | 0.21% | 0.21% | 0.2% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
| Public | 34.23% | 34.25% | 34.25% | 34.27% | 46.26% | 46.26% | 46.26% | 46.27% | 46.27% | 46.27% |
| No. of Shareholders | 184047 | 181022 | 179940 | 93538 | 92929 | 92724 | 92675 | 92660 | 92641 | 92639 |

### Quarterly

| Category | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% | 53.59% |
| DIIs | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
| Public | 46.26% | 46.26% | 46.26% | 46.26% | 46.26% | 46.27% | 46.27% | 46.27% | 46.27% | 46.27% | 46.27% | 46.27% |
| No. of Shareholders | 92690 | 92675 | 92667 | 92660 | 92660 | 92660 | 92641 | 92646 | 92647 | 92641 | 92640 | 92639 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 7 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 330.54 | Buy |
| EMA (10) | 328.15 | Buy |
| SMA (20) | 323.51 | Buy |
| EMA (20) | 318.6 | Buy |
| SMA (50) | 280.44 | Buy |
| EMA (50) | 300.08 | Buy |
| SMA (100) | 288.82 | Buy |
| EMA (100) | 299.44 | Buy |
| SMA (200) | 309.6 | Buy |
| EMA (200) | 313.93 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.58 | Neutral |
| MACD (12,26,9) | 13.82 | Sell |
| Stochastic (14,3,3) | 37.97 | Neutral |
| ADX (14) | 18.35 | Neutral |
| Williams %R (14) | -44.8 | Neutral |
| ATR (14) | 18.94 | High Volatility |
| ROC (12) | 4.75 | Buy |
| Stoch RSI (14) | 27.6 | Neutral |
| UO (7,14,28) | 37.55 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-31 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2478366-b7d9-43f8-b60a-252574c7309c.pdf) |
| 2026-08-29 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=faf35476-ccdd-4165-af07-2b10ec13b294.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63a7e596-25c7-4744-bad6-4a314281d285.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cffc99a0-eb72-4250-88a8-c7ffe085f80d.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58601128-367b-40b5-a02c-4b620d122f13.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da699575-6e72-4360-96f6-b4016e7bd3a6.pdf) |
| 2026-08-06 | [Shareholders Meeting - AGM To Be Held On 29.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92ade7ad-79ec-40c3-84c4-f803aa51aefa.pdf) |
| 2026-08-06 | [Intimation Of Book Closure For 33Rd AGM Of The Company From 23Rd August 2026 To 29Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da48d0a8-3390-47e7-9800-5b914908fcb5.pdf) |
| 2026-08-06 | [Record Date Announced For 33Rd AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb97dc01-bdaa-4625-94eb-d7f6743e0d2e.pdf) |
| 2026-08-06 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61bf3017-8baf-493f-bba5-d7405111f7a7.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 28 Apr - Promoter group reported no share encumbrance during FY ended 31 March 2026. | [Announcement Under Regulation 31 (4) Of SAST Regulations 2011 28 Apr - Promoter group reported no share encumbrance during FY ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f59e436-c61b-4aa8-b3ff-b2fdcb266660.pdf) |
| 28 Apr - Promoter group reported no share encumbrance during FY ended 31 March 2026. | [Announcement Under Regulation 31 (4) Of SAST Regulations 2011 28 Apr - Promoter group reported no share encumbrance during FY ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3f59e436-c61b-4aa8-b3ff-b2fdcb266660.pdf) |
| 20 Apr - Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31st March 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 20 Apr - Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31st March 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81dcc538-b166-41b3-bfc8-f7a77688aa47.pdf) |
| 17 Jan - Cerificate from RTA under Regulation 74(5) of SEBI (LODR) Act filed for the quarter ended 31.12.2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Jan - Cerificate from RTA under Regulation 74(5) of SEBI (LODR) Act filed for the quarter ended 31.12.2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf76256f-f8e6-4074-84a4-62377371012f.pdf) |
| 16 Feb - Standalone and Consolidated results for the quarter ended 31st Dec 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Standalone and Consolidated results for the quarter ended 31st Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f8d252e-2353-40b5-ba57-7d4cfdedc078.pdf) |
| 14h - Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31st March 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14h - Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31st March 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/81dcc538-b166-41b3-bfc8-f7a77688aa47.pdf) |
| 13 Feb - Q3/9M FY26 results; qualified audit; Rs.924.75 crore Supreme Court compensation, Rs.415.79 crore deposited; going‑concern risk. | [Financial Results For The Quarter Ended 31St Dec 2025 13 Feb - Q3/9M FY26 results; qualified audit; Rs.924.75 crore Supreme Court compensation, Rs.415.79 crore deposited; going‑concern risk.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05fa0185-c711-4a08-8fd2-237930d87ec8.pdf) |
| 13 Feb - Board approved unaudited results; auditor qualified. Rs924.75 crore compensation dispute; going-concern doubts; Rs169.57cr disputed dues. | [Board Meeting Outcome for Consider And Approve The Unaudited Standalone And Consolidated Results And Limited Review Report For The Quarter Ended 31St December 2025 13 Feb - Board approved unaudited results; auditor qualified. Rs924.75 crore compensation dispute; going-concern doubts; Rs169.57cr disputed dues.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c40f054f-8fe9-46e0-8643-e4990391c4f1.pdf) |
| 10 Feb - Board meeting on 13 Feb 2026 to consider unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Consider And Approve The Unaudited Financial Results For The Quarter Ended December 2025 10 Feb - Board meeting on 13 Feb 2026 to consider unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2f5dcbe-430e-4bb1-8a66-4575da679bbe.pdf) |
| — | [Closure of Trading Window 31 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e320b614-b0ff-4c60-a439-8ac421f83d0f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540744/72859540744.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540744/68241540744.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540744/5407440319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540744/5407440318.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jul 2018 | [Concall - Jul 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d1f1086-83ae-4110-a0a6-ce5e48381fa9.pdf) |
| Jul 2018 | [Concall - Jul 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/7/2d1f1086-83ae-4110-a0a6-ce5e48381fa9.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:56:28.615Z.