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MSP Steel & Power Limited
(MSPL)
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Rating:48Neutral
Price Target:
₹35.00
▼(-5.35% Downside)
Action:Reiterated
Date:09/06/26
The score is held back mainly by inconsistent operating performance (including a steep 2026 revenue decline) and a rich valuation (P/E 53.08). Balance sheet repair and generally positive operating/free cash flow provide some support, but technical signals remain weak with negative MACD and price below key moving averages.
Positive Factors
Lower leverage
The substantial reduction in debt-to-equity indicates a materially cleaner capital structure and greater financial resilience. Lower leverage can reduce financing pressure, preserve borrowing capacity, and give MSPL more flexibility to manage steel-cycle volatility or fund operational needs.
Negative Factors
Severe revenue volatility
The sharp 2026 revenue decline, following stagnation in 2025, signals an unstable top-line trajectory. Such volatility can weaken capacity utilization, make planning more difficult, and limit the predictability of cash generation and earnings over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower leverage
The substantial reduction in debt-to-equity indicates a materially cleaner capital structure and greater financial resilience. Lower leverage can reduce financing pressure, preserve borrowing capacity, and give MSPL more flexibility to manage steel-cycle volatility or fund operational needs.
Read all positive factors
MSP Steel & Power Limited (MSPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.01B
Dividend Yield0.88%
Average Volume (3M)62.03K
Price to Earnings (P/E)53.2
Beta (1Y)1.64
Revenue Growth4.03%
EPS GrowthN/A
CountryIN
Employees1,198
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.67
Shares Outstanding566,796,630
10 Day Avg. Volume50,539
30 Day Avg. Volume62,032
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)1.45
Price to Sales (P/S)0.52
P/FCF Ratio43.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MSP Steel & Power Limited Business Overview & Revenue Model
Company Description
MSP Steel & Power Limited, operating with its subsidiaries, is engaged in the production and distribution of a diverse range of iron and steel items throughout India. The company's comprehensive product line includes TMT reinforcement bars, steel ...
How the Company Makes Money
MSPL primarily makes money by manufacturing and selling steel products. Revenue is recognized from the sale of finished steel (and any intermediate/by-products arising from iron and steel production) to customers, typically priced based on product...
MSP Steel & Power Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.59B | 28.43B | 29.05B | 28.74B | 25.34B | 23.40B |
| Gross Profit | 5.25B | 4.73B | 4.19B | 1.28B | 2.28B | 2.39B |
| EBITDA | 868.62M | 791.44M | 1.37B | 1.52B | 664.11M | 1.50B |
| Net Income | 379.12M | 337.74M | -283.55M | 143.59M | -505.80M | 256.98M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.28B | 15.35B | 16.38B | 16.48B | 17.51B |
| Cash, Cash Equivalents and Short-Term Investments | 44.92M | 288.42M | 207.63M | 261.05M | 109.90M | 483.13M |
| Total Debt | 0.00 | 3.21B | 2.62B | 7.81B | 8.01B | 8.26B |
| Total Liabilities | -10.30B | 6.97B | 5.56B | 10.55B | 10.78B | 11.32B |
| Stockholders Equity | 10.30B | 10.30B | 9.79B | 5.82B | 5.70B | 6.18B |
Cash Flow | ||||||
| Free Cash Flow | 799.47M | 341.11M | 741.64M | 1.25B | 320.64M | 844.86M |
| Operating Cash Flow | 1.01B | 935.04M | 1.07B | 1.70B | 857.99M | 1.10B |
| Investing Cash Flow | -334.22M | -595.81M | -360.77M | -495.53M | -191.87M | -621.49M |
| Financing Cash Flow | -674.53M | -334.74M | -925.99M | -1.06B | -1.04B | -109.07M |
MSP Steel & Power Limited Technical Analysis
Neutral
36.98
Price Trends
36.67
Negative
38.28
Negative
35.69
Negative
Market Momentum
-0.28
Negative
49.49
Neutral
60.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MSPL, the sentiment is Neutral. The current price of 36.98 is above the 20-day moving average (MA) of 34.74, above the 50-day MA of 36.67, and above the 200-day MA of 35.69, indicating a neutral trend. The MACD of -0.28 indicates Negative momentum. The RSI at 49.49 is Neutral, neither overbought nor oversold. The STOCH value of 60.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MSPL.
MSP Steel & Power Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹35.19B | 24.47 | ― | 0.96% | 1.31% | 39.60% | |
67 Neutral | ₹22.51B | 7.21 | ― | 1.19% | -10.58% | -12.17% | |
66 Neutral | ₹31.79B | 11.01 | ― | 1.56% | 0.82% | -59.07% | |
61 Neutral | ₹25.28B | 32.06 | ― | 0.40% | 27.74% | 39.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹19.43B | 3.07 | ― | 2.23% | 7.62% | 684.82% | |
48 Neutral | ₹20.01B | 53.20 | ― | 0.88% | 4.03% | ― |
* General Sector Average
IN:MSPL
MSP Steel & Power Limited
35.30
3.28
10.24%
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0.04%
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1.63
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125.70
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IN:VSSL
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40.35%
MSP Steel & Power Limited Corporate Events
MSP Steel & Power Posts Q1 FY27 Unaudited Results and Corporate Notices Signal Office Shifts
Aug 1, 2026
MSP Steel Power Limited has published its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, following board approval on 31 July 2026. The results have been released to shareholders and the market via noti...
MSP Steel & Power Responds to Exchange Clarification on March 2026 Results
Jul 14, 2026
MSP Steel Power Limited has received a clarification request from the stock exchange regarding its financial results for the quarter ended 31 March 2026 under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements. The company ...
MSP Steel & Power Promoter Files Annual SEBI Takeover Regulation Disclosure
Jul 9, 2026
MSP Steel Power Limited disclosed that promoter Mr. Saket Agrawal has submitted the annual declaration required under Regulation 31(4) of SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011, for the financial year 2025-...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.