Modern Steels quarterly results and financials

Modern Steels (BSE 513303)₹12.94+1.09%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Mar 2026 quarter (standalone), Modern Steels reported sales of ₹0 Cr and net profit of ₹0.65 Cr, down 85.6% year on year. For the year to Mar 2026, sales were ₹0 Cr and net profit ₹1.05 Cr.

Sales (Mar 2026): ₹0 Cr
Net profit (Mar 2026): ₹0.65 Cr
Sales (FY Mar 2026): ₹0 Cr
Net profit (FY Mar 2026): ₹1.05 Cr
EPS (Mar 2026): ₹0.49
Borrowings (Mar 2026): ₹0.22 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Modern Steels quarterly results

₹ crore unless stated; each column is a quarter.

Modern Steels Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.52	0.24	0.25	0.25	0.24	0.25	0.24	0.28	0.23	0.22	0.19	0.25
Operating Profit	−0.52	−0.24	−0.25	−0.25	−0.24	−0.25	−0.24	−0.28	−0.23	−0.22	−0.19	−0.25
Other Income	0.19	0.26	0.22	1.24	0.21	0.23	0.22	4.83	0.46	0.30	0.29	0.92
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	−0.36	0.00	−0.06	0.98	−0.04	−0.05	−0.03	4.54	0.24	0.09	0.11	0.67
Tax %	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	−0.34	0.00	−0.04	0.96	−0.02	−0.03	−0.01	4.52	0.22	0.07	0.09	0.65
EPS (Rs)	−0.26	0.00	−0.05	0.71	−0.03	−0.04	−0.02	3.30	0.18	0.07	0.08	0.49

Modern Steels profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Modern Steels Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	261	308	375	320	211	83.18	102	0.00	0.00	0.00	0.00	0.00
Expenses	248	303	400	341	257	104	102	0.54	1.28	1.04	0.93	0.89
Operating Profit	13.23	5.07	−24.63	−20.05	−45.72	−20.80	0.19	−0.54	−1.28	−1.04	−0.93	−0.89
OPM %	5.1%	1.6%	−6.6%	−6.3%	−21.7%	−25.0%	0.2%	—	—	—	—	—
Other Income	2.01	2.54	1.67	1.86	0.37	3.70	80.34	14.61	1.88	5.50	2.00	1.97
Interest	27.08	4.85	1.78	1.76	0.38	0.45	0.85	0.23	0.00	0.00	0.00	0.00
Depreciation	5.38	5.35	5.40	5.16	4.85	4.88	3.58	0.00	0.00	0.00	0.00	0.00
Profit before tax	−17.30	−2.59	−30.33	−25.28	−50.95	−22.56	76.41	13.87	0.59	4.45	1.07	1.11
Tax %	94.7%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−4.99	0.00	0.00	0.00	0.00
Net Profit	−33.51	−2.57	−30.18	−25.18	−50.72	−22.45	76.05	13.81	0.57	4.43	1.05	1.03
EPS (Rs)	−24.43	−1.88	−22.02	−18.35	−36.95	−16.38	55.43	10.07	0.43	3.24	0.78	0.82
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Modern Steels balance sheet

₹ crore, at each year end.

Modern Steels Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13.71	13.70	13.71	13.71	13.70	13.70	13.70	13.74	13.73	13.74	13.72	14.34
Reserves	9.98	−23.66	−24.24	−56.81	−82.21	−132	−92.45	−14.78	−0.95	−0.38	4.08	4.50
Borrowings	174	185	188	189	187	185	52.96	7.05	1.28	0.21	0.21	0.22
Other Liabilities	62.67	45.85	57.68	42.91	51.64	45.81	121	0.35	0.19	0.32	0.76	0.77
Total Liabilities	260	221	235	189	170	113	95.09	6.36	14.25	13.89	18.77	19.83
Fixed Assets	77.85	73.04	68.70	62.67	59.24	54.75	50.11	0.07	0.07	0.07	0.07	0.06
CWIP	0.00	0.00	0.00	0.29	0.29	0.29	0.66	0.00	0.00	0.00	0.00	0.00
Investments	4.84	4.84	0.02	0.12	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Other Assets	178	143	166	126	111	57.63	44.30	6.27	14.16	13.80	18.68	19.75
Inventories	60.88	59.55	57.97	42.17	41.04	19.79	16.51	0.00	0.00	0.00	0.00	0.00
Trade receivables	80.59	65.56	83.53	72.45	56.20	25.18	14.13	0.00	0.00	0.00	0.33	0.34
Cash & equivalents	5.80	4.60	11.39	1.86	1.12	0.21	0.13	0.42	0.53	0.99	0.06	0.07
Total Assets	260	221	235	189	170	113	95.09	6.36	14.25	13.89	18.77	19.83

Modern Steels cash flow

₹ crore, for each year.

Modern Steels Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	9.23	16.56	−12.47	−10.96	3.47	1.28	133	−3.30	0.33	3.26	3.62	0.01
Cash from investing activity	−1.45	1.02	9.06	2.26	−0.10	0.06	−0.43	52.41	0.00	−1.72	−4.55	0.00
Cash from financing activity	−10.57	−19.08	12.90	−0.07	−4.07	−2.28	−132	−48.86	−0.23	−1.06	0.00	0.00
Net cash flow	−2.80	−1.45	9.50	−8.78	−0.70	−0.92	−0.09	0.30	0.11	0.47	−0.94	0.02
Capex	10.99	0.62	0.69	2.24	1.77	0.30	0.67	0.00	0.00	0.00	0.00	0.00
Free cash flow	−1.73	15.92	−13.15	−10.69	1.69	0.98	132	48.83	0.33	3.26	3.62	0.01
CFO / OP %	172.0%	127.0%	−242.0%	44.0%	−16.0%	−3.0%	−633.0%	−3,030.0%	−62.0%	−253.0%	−346.0%	−2.0%

Modern Steels ratios

Working-capital days and returns, by year.

Modern Steels Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	94	91	99	70	64	43	62	0	—	—	—	—
Inventory days	114	160	123	68	77	58	244	0	—	—	—	—
Days payable	91	81	96	36	65	87	453	—	—	—	—	—
Cash conversion cycle	116	169	125	101	75	13	−148	0	—	—	—	—
Working capital days	−4	−40	−13	−109	−151	−303	−579	−5	—	—	—	—
ROCE %	1.6%	5.4%	1.1%	−17.6%	−17.7%	−54.3%	−106.5%	—	190.0%	4.2%	28.1%	5.7%

Modern Steels: frequently asked questions

What are the latest quarterly results of Modern Steels?

For the Mar 2026 quarter, Modern Steels reported sales of ₹0 Cr and net profit of ₹0.65 Cr, down 85.6% year on year.

What is the annual revenue of Modern Steels?

Modern Steels' sales for the year to Mar 2026 were ₹0 Cr; over the last twelve months they were ₹0 Cr.

What is the net profit of Modern Steels?

Net profit for the year to Mar 2026 was ₹1.05 Cr, and ₹1.03 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.82.

How much debt does Modern Steels have?

Modern Steels reported borrowings of ₹0.22 Cr at Mar 2026, against cash and equivalents of ₹0.07 Cr.

What is the free cash flow of Modern Steels?

Cash from operations was ₹0.01 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.01 Cr.

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