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Modern Steels Ltd share Price Today

Company details

22.11
22.56
12.55
37.37
6M Return -33.83%
1Y Return 50.40%
Mkt Cap.(Cr) 31.01
Volume 3,233
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 3,233

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Modern Steels Ltd shares SWOT Analysis

Strengths (5)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (3)

  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Annual net profit declining for last 2 years
  • Major fall in TTM Net Profit

Opportunity (1)

  • Turnaround companies- loss to profit QoQ

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 22.7
R2 22.9
R3 23.1
Pivot

22.40

S1 22.2
S2 22.0
S3 21.8
EMA SMA
22.3
22.5
22.7
21.7
22.3
21.9
23.7
21.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
JAYASEELAN SINGARAVELU Bulk Sell 2023-11-17 34.11 72947 BSE
Name Category Shares
KRISHAN KUMAR GOYAL PROMOTER 26.78%
ALKA GOYAL PROMOTER 10.82%
ADITYA GOYAL PROMOTER 5.78%
KRISHAN KUMAR GOYAL (HUF) PROMOTER 3.97%
AMARJIT GOYAL (HUF) PROMOTER 2.69%
NABHA COMMERCE PRIVATE LIMITED PROMOTER 6.09%
INDO PACIFIC FINLEASE LTD PROMOTER 4.94%
CHANDIGARH FINANCE PVT LTD PROMOTER 2.77%
TIMES FINVEST COMMERCE LIMITED PROMOTER 1.71%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Modern Steels Ltd Stocks COMPARISON

Financials( in Cr) Modern Steels Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 22.53 915.80 173.30 1,077.70 3,699.75
% Change -0.13 -0.83 -0.60 0.82 0.54
Mcap Cr 31.01 223,954.68 216,339.61 109,934.88 71,553.91
Revenue TTM Cr 0.00 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 13.83 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 55.02 26.84 88.48 18.35 106.98
1 Year Return 50.40 29.97 65.05 105.22 36.41
ROCE 33.59 8.60 12.10 14.17 33.06
ROE 35.78 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 12.19 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,128.50
LAST 3M 104,708.81 -35,737.56
LAST 6M 170,310.47 49,041.43
LAST 12M 264,009.23 126,983.18

Modern Steels Ltd Information

Stock PE (TTM)
55.02
Promoter Holding
65.53%
Book Value
9.2661
ROCE
33.59%
ROE
35.78%
Description
  • Incorporated in Nov.` 73, Modern Steels Limited was formed with an object to manufacture carbon and alloy steel. It also has a rolling mill to convert billets into rolled products. While the melting capacity is 1 lac tpa, the rolling mill has a capacity of 50,000 tpa. The company was promoted by Amarjit Goyal, the Chairman and Krishan Kumar Goyal. The Company has a plant at Gobindgarh, in Punjab. In 1991-92, the company co-promoted Modern Dairies to set up a dairy project at Karnal, Haryana, to process 3.2 lac ltr pd of milk at an estimated cost of Rs 13.56 cr. Commercial production of the new company commenced in 1993. It invested around Rs 100 lac in the equity capital of the new company. In 1995, Modern Steels increased the capacity of its rolled products from 30,000 tpa to 50,000 tpa. The Electro Magnetic Stirrers (EMS) was installed in year 2005. In 2006, the Company installed a Vacuum Degassing Plant of `Denelli` make in its melting shop. In addition, for the production of stainless steel a converter was installed and commissioned during the year. Post rolling facilities of peeling and grinding of bars commissioned during the year. In 2008, the Company installed & commissioned 600 mm Rolling Mill to produce higher size Rolled Products. It commissioned its energy efficient Oxygen Plants. The Second Electric Arc Furnace (EAF) was commissioned on July 30, 2009. In 2012, it strengthened and modernized its production facilities in SMS and Rolling Mill. In 2014, the Company installed Gasifier Unit for production of gas for reheating furnaces in rolling mills and added heat treatment facility for alloy steel bars. It added bigger ingot casting facilities in the steel melting shop to diversify process route. Forge shop consisting of forging presses, hammer, heat treatment facilities along with finishing and inspection facilities were added. It also installed machining & assembly lines for the manufacturing of auto steel components. In 2015, the Company commissioned and stabilized Auto Component Division along with Heat Treatment section. Further, it developed new grades in the tool and die segment. In year 2022, through the Business Transfer Agreement (BTA) executed between M/s Arjas Steel Pvt. Ltd./ M/s Arjas Modern Steel Pvt. Ltd. (Purchaser), Modern Steels Ltd. (Seller), Promoters (Mr. Krishan Kumar Goyal and Mr. Aditya Goyal). the Company was given operations of the plant to M/s Arjas Steel Pvt. Ltd. where they took control of the plant and operated till 05.01.2022. In terms of BTA, the Properties of the Unit in Mandi Gobindgarh, were transferred to Arjas Modern Steel Pvt. (Buyer) on Jan` 05, 2022. Again, the Plant & Machinery of the unit and other current assets and liabilities were also transferred to buyer under slump sale transaction, which concluded from the above said Date.

Registered Address

G T Road Mandi Gobindgarh, Distt Fatehgarh Sahib, Mandi Gobindgarh, Punjab, 147301

Tel : 91-172-2609001/2
Email : ashishsharma:modernsteels.com
Website : http://www.modernsteels.com
Registrar

MCS Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 513303
NSE Code :
Book Closure Date (Month) : Sep
BSE Group : X
ISIN : INE001F01019

FAQ’s on Modern Steels Ltd Shares

You can buy Modern Steels Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Modern Steels Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 04:01 PM the closing price of Modern Steels Ltd was Rs.22.53.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 04:01 PM, the market cap of Modern Steels Ltd stood at Rs. 31.01.

The latest PE ratio of Modern Steels Ltd as of May 22, 2024 04:01 PM is 55.02

The latest PB ratio of Modern Steels Ltd as of May 22, 2024 04:01 PM is 0.41

The 52-week high of Modern Steels Ltd share price is Rs. 37.37 while the 52-week low is Rs. 12.55

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