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Modern Steels share price

Modern Steels Ltd.

BSE: 513303 SECTOR: Steel & Iron Products  8878   7   1

21.39
+0.21 (0.99%)
BSE: 23 Apr 4:00 PM

Price Summary

Today's High

₹ 21.72

Today's Low

₹ 21.1

52 Week High

₹ 37.37

52 Week Low

₹ 12.55

FinStar is Suspended!

FinStar can not be assigned to this company due to its dicey outlook and insufficient data. We will update the FinStar for this company as soon as the data is updated from its end.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

29.44 Cr.

Enterprise Value

30.2 Cr.

No. of Shares

1.38 Cr.

P/E

14.15

P/B

2.5

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  8.56

CASH

0.52 Cr.

DEBT

1.27 Cr.

Promoter Holding

65.53 %

EPS (TTM)

₹  1.51

Sales Growth

-100%

ROE

262.75 %

ROCE

139.84%

Profit Growth

-81.83 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-100%
3 Year-100%
5 Year-100%

Profit Growth

1 Year-82.15%
3 Year31.62%
5 Year19.39%

ROE%

1 Year262.75%
3 Year87.58%
5 Year52.55%

ROCE %

1 Year139.84%
3 Year11.11%
5 Year-7.43%

Debt/Equity

0.0994

Price to Cash Flow

85.75

Interest Cover Ratio

58.154132231405

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 65.53 0
Dec 2023 65.53 0
Sep 2023 65.53 0
Jun 2023 65.53 100
Mar 2023 65.53 100
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 5.7702 Cr.
  • Company has been maintaining healthy ROE of 87.583387949076% over the past 3 years.
  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of 0 days.
  • Company has a healthy liquidity position with current ratio of 9.72232876712329.
  • The company has a high promoter holding of 65.53%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 6.72875048443784.

 Limitations

  • The company has shown a poor revenue growth of -100% for the Past 3 years.
  • The company has a low EBITDA margin of -10.6436998538846% over the past 5 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 0 0 0 0 0
Total Expenditure 0.14 0.23 0.53 0.25 0.26
Operating Profit -0.14 -0.23 -0.53 -0.25 -0.26
Other Income 15.55 2.77 0.18 0.25 0.21
Interest 0.05 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Items -5 -0.06 0 0 0
Profit Before Tax 10.36 2.48 -0.35 0 -0.05
Tax 0 0 0 0 0
Profit After Tax 10.36 2.48 -0.35 0 -0.05
Adjusted EPS (Rs) 7.19 1.72 -0.24 0 -0.03

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 321.57 211.46 83.53 102.04 0
Total Expenditure 341.69 257.37 104.41 102.3 0.55
Operating Profit -20.12 -45.91 -20.88 -0.26 -0.55
Other Income 1.85 0.38 3.71 80.84 19.68
Interest 1.77 0.39 0.46 0.86 0.24
Depreciation 5.17 4.86 4.87 3.59 0
Exceptional Items 0 1.39 0 0 -5.06
Profit Before Tax -25.21 -49.39 -22.5 76.13 13.83
Tax 0 0 0 0 0
Net Profit -25.26 -49.39 38.63 77.5 13.83
Adjusted EPS (Rs.) -18.32 -35.89 -16.35 55.32 10.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 14.4 14.4 14.4 14.4 14.4
Total Reserves -82.65 -132.01 -92.91 -15.41 -1.58
Borrowings 0 0 0 0 0
Other N/C liabilities 1.96 2.34 2.19 0 0
Current liabilities 236.7 227.95 171.38 7.39 1.46
Total Liabilities 170.41 112.68 95.06 6.37 14.28
Assets
Net Block 59.13 54.57 49.99 0.06 0.06
Capital WIP 0.28 0.28 0.67 0 0
Intangible WIP 0 0 0 0 0
Investments 0.03 0.03 0.03 0.03 0.03
Loans & Advances 6.31 5.32 5.3 0 0
Other N/C Assets 0 0 0 0 0
Current Assets 104.66 52.48 39.07 6.29 14.19
Total Assets 170.41 112.68 95.06 6.37 14.28
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -25.26 -50.78 -22.62 77.5 13.83
Adjustment 5.39 6.3 66.8 4.3 0.24
Changes in Assets & Liabilities 23.18 45.66 88 -87.86 -13.73
Tax Paid 0.17 0.11 0.55 2.75 0
Operating Cash Flow 3.48 1.29 132.73 -3.31 0.34
Investing Cash Flow -0.11 0.06 -0.42 52.47 0
Financing Cash Flow -4.06 -2.26 -132.37 -48.87 -0.24
Net Cash Flow -0.69 -0.91 -0.06 0.29 0.1

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 65.53 65.53 65.53 65.53 65.53
aditya goyal 5.78 5.78 5.78 5.78 5.78
alka goyal 10.82 10.82 10.82 10.82 10.82
amarjit goyal (huf) 2.69 2.69 2.69 2.69 2.69
chandigarh finance pvt lt... 2.77 2.77 2.77 2.77 2.77
indo pacific finlease ltd... 4.94 4.94 4.94 4.94 4.94
krishan kumar goyal 18.14 18.14 26.78 26.78 26.78
krishan kumar goyal (huf)... 3.97 3.97 3.97 3.97 3.97
nabha commerce private li... 6.09 6.09 6.09 6.09 6.09
times finvest commerce li... 1.71 1.71 1.71 1.71 1.71
late amarjit goyal 8.64 8.64 - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 34.47 34.47 34.47 34.47 34.47
ajay goyal 3.74 3.74 3.74 3.74 3.74
laven kumar goyal 1.42 1.42 1.42 1.42 1.42
veenu garg 2.66 2.66 2.66 2.66 2.66
vijay garg 1.39 1.39 1.39 1.39 1.39
jayaseelan singaravelu 2.50 2.47 2.43 1.54 -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Modern Steels - Quaterly Results9 Feb 2024, 4:26PM Modern Steels - Quaterly Results9 Feb 2024, 4:26PM Modern Steels - Quaterly Results9 Feb 2024, 4:26PM Modern Steels informs about certificate7 Oct 2023, 3:06PM Modern Steels submits audited financial results 31 May 2023, 4:01PM Modern Steels - Quaterly Results12 May 2023, 4:28PM Modern Steels - Quaterly Results12 May 2023, 4:28PM Modern Steels - Quaterly Results12 May 2023, 4:28PM Modern Steels informs about closure of trading window3 Apr 2023, 12:22PM Modern Steels - Quaterly Results14 Feb 2023, 1:31PM Modern Steels informs about press release 18 Nov 2022, 3:05PM Modern Steels informs about RPT disclosure18 Nov 2022, 3:02PM Modern Steels informs about certificate7 Oct 2022, 4:08PM Modern Steels - Quaterly Results30 Sep 2022, 4:23PM Modern Steels - Quaterly Results30 Sep 2022, 4:23PM Modern Steels - Quaterly Results30 Sep 2022, 4:23PM Modern Steels informs about annual general meeting 8 Sep 2022, 3:22PM Modern Steels - Quaterly Results29 Aug 2022, 12:00PM Modern Steels - Quaterly Results29 Aug 2022, 12:00PM Modern Steels - Quaterly Results29 Aug 2022, 12:00PM Modern Steels informs about compliance certificate2 Apr 2022, 4:17PM Modern Steels informs about compliance certificate2 Apr 2022, 3:36PM Modern Steels - Quaterly Results23 Mar 2022, 2:44PM Modern Steels - Quaterly Results23 Mar 2022, 2:44PM Modern Steels - Quaterly Results23 Mar 2022, 2:44PM Modern Steels informs about board meeting5 Feb 2022, 3:35PM Modern Steels informs about resignation of CS cum CO22 Jan 2022, 3:06PM Modern Steels completes sale of Business Undertaking to Arjas Steel6 Jan 2022, 2:43PM Modern Steels - Quaterly Results30 Dec 2021, 4:49PM Modern Steels - Quaterly Results30 Dec 2021, 4:49PM Modern Steels - Quaterly Results30 Dec 2021, 4:49PM Modern Steels - Quaterly Results7 Dec 2021, 6:00PM Modern Steels - Quaterly Results7 Dec 2021, 6:00PM Modern Steels informs about board meeting updates30 Nov 2021, 4:50PM Modern Steels informs about certificate1 Oct 2021, 4:40PM Modern Steels informs about outcome of board meeting12 May 2021, 4:02PM Modern Steels informs about outcome of board meeting11 May 2021, 4:44PM Modern Steels informs about closure of trading window26 Mar 2021, 4:44PM Modern Steels informs about outcome of board meeting26 Nov 2020, 10:31AM Modern Steels informs about additional agenda for board meeting6 Nov 2020, 3:47PM Modern Steels - Quaterly Results14 Oct 2020, 6:29PM Modern Steels - Quaterly Results14 Oct 2020, 6:29PM

Modern Steels Stock Price Analysis and Quick Research Report. Is Modern Steels an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Modern Steels has a PE ratio of 14.0928940055578 which is low and comparatively undervalued .

  • Share Price: - The current share price of Modern Steels is Rs 21.3. One can use valuation calculators of ticker to know if Modern Steels share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Modern Steels has ROA of 133.935972421273 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Modern Steels has a Current ratio of 9.72232876712329 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Modern Steels has a ROE of 262.750163847228 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Modern Steels has a D/E ratio of 0.0994 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Modern Steels has an Inventory turnover ratio of 0 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Modern Steels has reported revenue growth of -100 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Modern Steels for the current financial year is 0 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Modern Steels is Rs 0 and the yield is 0 %.

Last Updated on:
Brief about Modern Steels
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