MSP Steel & Power
- Market cap
- ₹ 1,689 Cr.
- P/E
- 12.2x
- P/B
- 1.74x
- 52-week range
- 26.25 – 46.12
- ROE
- 14%
- ROCE
- 10%
- Dividend yield
- 0%
- Debt / equity
- 0.31
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
MSP Steel & Power Limited is an India-based steel manufacturer. The Company is engaged in the manufacture and sale of iron and steel products and generation of power. Its manufacturing plant is at Raigarh, Chhattisgarh, India. Its products include Premium TMT Bars, TMT Bars, Structural Steel and Pipes. Its sales and marketing dealers are located across India. It is a manufacturer of structural steel sections in India with a distribution network spread across the country catering to a range of industrial, infrastructural, and agricultural sectors. It manufactures H Beams, I Beams, Channels, Angles and Round bars. It offers various range of pipes, including Black Steel Pipes, Square Hollow Sections Black, and Rectangular Hollow Sections Black. Its pipes are used in water pipelines, agriculture and irrigation, gas pipelines, chemical industries, construction industries and other industries. Its subsidiaries include MSP Cement Limited and Prateek Mines & Minerals Private Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →MSP Steel & Power against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)12.2 against a typical 18.9: cheaper than most peers (1st = cheapest).45th of 146
- Sales growth+16.3% against a typical +13.1% from a year earlier.53rd of 117
- Profit growth+22.2% against a typical +26.2% from a year earlier.57th of 105
- Share price, 3 months−16.8% against a typical −4.5%.109th of 134
- Size₹ 1,688.9 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).25th of 135
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB+ (Rating Watch with Developing Implications) | — | 15 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Sep 2026 | Reaffirmed | CARE BBB+ → CARE BBB+ (Rating Watch with Developing Implications) | — | CARE | ₹ 363.87 Cr. | |
| 25 Mar 2026 | ▲ Upgrade1 notch | CARE BBB → CARE BBB+ | — | CARE | ₹ 363.87 Cr. | |
| 25 Sep 2025 | ▲ Upgrade | CARE BBB | — | CARE | ₹ 371.59 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 19 Jun 2026 | Other business matters | To consider other business matters |
| 30 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 14 Mar 2026 | Fund Raising | Intimation of Board Meeting under Regulation 29(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. |
| 14 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 14 Nov 2025 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended September 30, 2025 and Fund Raising |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 674 | 781 | 748 | 772 | 656 | 717 | 760 | 711 | 677 | 639 | 816 | 827 |
| Expenses | 645 | 742 | 724 | 729 | 630 | 698 | 715 | 666 | 654 | 606 | 739 | 774 |
| Operating Profit | 29 | 39 | 25 | 43 | 27 | 19 | 45 | 45 | 23 | 33 | 77 | 53 |
| OPM % | 4.3% | 5% | 3.3% | 6% | 4.1% | 2.7% | 6% | 6% | 3.4% | 5% | 9% | 6% |
| Other Income | 10 | 10 | 18 | 1 | 0 | 0 | 2 | 1 | −100 | −1 | 1 | 3 |
| Interest | 20 | 25 | 25 | 21 | 22 | 16 | 23 | 10 | 10 | 11 | 17 | 11 |
| Depreciation | 14 | 14 | 13 | 14 | 13 | 14 | 13 | 14 | 14 | 14 | 14 | 14 |
| Profit before tax | 4 | 10 | 4 | 10 | −8 | −10 | 10 | 22 | −100 | 7 | 48 | 30 |
| Tax % | 144% | 52% | −227% | 34% | 13% | −185% | 423% | 17% | −26% | 25% | −77% | 26% |
| Net Profit | −2 | 5 | 13 | 7 | −10 | 8 | −34 | 18 | −75 | 5 | 85 | 22 |
| EPS in Rs | −0.04 | 0.12 | 0.34 | 0.18 | −0.2 | 0.15 | −0.6 | 0.31 | −1.32 | 0.1 | 1.5 | 0.39 |
Growth and returns
Compounded yearly rates over each period.
- 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
- 29%
- 3 Years
- 38%
- TTM
- —
- 10 Years
- −2%
- 5 Years
- 3%
- 3 Years
- 5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| MSP Steel & Power | ₹ 30.00 | ₹ 1,689 Cr. | 12.2x | 1.7x | 14% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Kamal Kumar Jain
- Chief Financial Officer
- Shreya Kar
- Chief Compliance Officer, Company Secretary
- Saket Agrawal
- Managing Director, Executive Director
- Manish Agrawal
- Executive Joint Managing Director
Prices are delayed and for information only. Nothing on this page is investment advice.