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M

MSP Steel & Power MSPL.NS · INR

Materials · NSE · 🇮🇳 India

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31.19

+2.87%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹28.43bn

FY2017FY2026

Net income

₹337.7m

FY2017FY2026

Free cash flow

₹341.1m

FY2017FY2026

Shareholders' equity

₹10.30bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹28.43bn₹29.05bn₹28.74bn₹25.34bn₹23.40bn₹17.23bn₹15.04bn₹16.56bn₹11.54bn₹8.45bn
Gross profit₹4.73bn₹4.19bn₹1.28bn₹2.28bn₹2.39bn₹2.63bn₹1.90bn₹2.87bn₹1.28bn₹1.54bn
Research and development—₹3.2m₹3.0m₹1.0m——————
Operating income₹1.22bn₹801.1m₹965.1m₹206.5m₹990.6m₹876.9m₹208.2m₹769.9m₹608.6m₹150.2m
Net income₹337.7m−₹283.5m₹143.6m−₹505.8m₹257.0m₹48.9m−₹757.8m−₹206.0m−₹556.9m−₹937.4m
Diluted earnings per share0.57-0.500.31-1.170.620.13-1.94-0.54-1.46-1.58

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹17.28bn₹15.35bn₹16.38bn₹16.48bn₹17.51bn₹15.11bn₹17.38bn₹16.99bn₹17.86bn₹17.96bn
Cash and short-term investments₹288.4m₹207.6m₹261.1m₹109.9m₹483.1m₹112.7m₹145.8m₹137.5m₹135.8m₹74.3m
Total liabilities₹6.97bn₹5.56bn₹10.55bn₹10.78bn₹11.32bn₹9.19bn₹11.44bn₹10.34bn₹11.03bn₹13.73bn
Debt₹3.21bn₹2.62bn₹7.81bn₹8.01bn₹8.26bn₹7.66bn₹8.61bn₹8.52bn₹8.82bn₹12.02bn
Shareholders' equity₹10.30bn₹9.79bn₹5.82bn₹5.70bn₹6.18bn₹5.92bn₹5.94bn₹6.65bn₹6.83bn₹4.23bn
Shares outstanding594m567m457m434m416m382m390m381m380m594m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹935.0m₹1.07bn₹1.70bn₹858.0m₹1.10bn₹1.78bn₹773.1m₹938.4m₹1.47bn₹727.5m
Capital spending−₹593.9m−₹324.5m−₹457.0m−₹537.3m−₹256.1m−₹42.2m−₹25.5m−₹22.4m−₹3.0m−₹90,000
Free cash flow₹341.1m₹741.6m₹1.25bn₹320.6m₹844.9m₹1.74bn₹747.6m₹916.0m₹1.47bn₹727.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹8.27bn₹8.16bn₹6.39bn₹6.77bn₹7.11bn₹7.60bn₹7.17bn₹6.56bn
Gross profit₹1.27bn₹1.59bn₹1.07bn₹1.31bn₹1.47bn₹1.15bn₹1.34bn₹1.23bn
Operating income₹382.2m₹635.0m₹187.0m₹90.5m₹312.2m₹313.1m₹57.1m₹134.7m
Net income₹219.8m₹852.0m₹54.9m−₹747.6m₹178.4m−₹338.3m₹82.2m−₹95.3m
Diluted earnings per share0.371.430.10-1.320.31-0.600.18-0.21
Cash from operations———₹1.01bn—₹1.89bn—₹718.0m
Capital spending———−₹209.0m—−₹324.0m—−₹48.0m
Free cash flow———₹800.0m—₹1.57bn—₹670.0m
Total assets—₹17.28bn—₹15.03bn—₹15.35bn—₹15.55bn
Cash and short-term investments₹44.9m₹288.4m₹40.9m₹362.4m₹207.6m₹207.6m₹195.3m₹202.3m
Debt—₹3.13bn—₹2.81bn—₹2.63bn—₹7.37bn
Shareholders' equity₹10.30bn₹10.30bn₹9.13bn₹9.13bn₹9.79bn₹9.79bn₹5.80bn₹5.79bn

Financial ratios

Data as of 28 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin16.7%14.4%4.5%9.0%10.2%15.2%
Operating margin4.3%2.8%3.4%0.8%4.2%5.1%
Net margin1.2%-1.0%0.5%-2.0%1.1%0.3%
Return on equity3.3%-2.9%2.5%-8.9%4.2%0.8%
Return on assets2.0%-1.8%0.9%-3.1%1.5%0.3%
Free cash flow yield7.8%7.4%14.3%9.7%9.9%14.5%
Revenue growth-2.1%1.1%13.4%8.3%35.8%14.5%
Earnings growth-219.1%-297.5%-128.4%-296.8%425.1%-106.5%
Current ratio1.17x1.26x1.28x1.27x1.40x1.55x
Debt to equity0.30x0.27x1.34x1.41x1.34x1.29x
Equity ratio59.6%63.8%35.6%34.6%35.3%39.2%
Interest coverage2.57x0.99x1.10x0.27x1.40x1.11x
R&D as a share of sales—0.0%0.0%0.0%——
Buybacks as a share of market value-4.8%-24.2%-5.2%-4.3%-8.9%2.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue3.9%10.5%12.1%
Operating income81.0%6.9%—
Net income—47.2%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin15.5%11.2%11.5%12.4%
Operating margin3.5%2.9%3.3%2.9%
Net margin0.1%-0.3%-0.0%-2.0%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings53.9-74.7143.1-20.916.0125.3-4.1-13.9-9.1-13.7
Price to sales0.60.70.70.40.20.40.20.20.41.5

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 14 Sept 2012.

FY2013FY2012FY2011
Paid in the year0.250.500.50

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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