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MSP Steel & Power (MSPL)₹31.19+0.13%Iron & Steel Products
In the Jun 2026 quarter (consolidated), MSP Steel & Power reported sales of ₹825 Cr, up 16.2% from Jun 2025, and net profit of ₹21.99 Cr, up 22.3% year on year. For the year to Mar 2026, sales were ₹2,836 Cr and net profit ₹33.98 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| 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 | 673 | 779 | 746 | 770 | 655 | 716 | 758 | 710 | 676 | 637 | 814 | 825 |
| Expenses | 646 | 743 | 725 | 729 | 631 | 699 | 716 | 667 | 655 | 607 | 740 | 774 |
| Operating Profit | 29.01 | 39.02 | 25.02 | 43.01 | 27.02 | 19.01 | 45.01 | 45.01 | 23.01 | 33.01 | 77.01 | 53.04 |
| OPM % | 4.3% | 5.0% | 3.3% | 6.0% | 4.1% | 2.7% | 6.0% | 6.0% | 3.4% | 5.0% | 9.0% | 6.0% |
| Other Income | 9.99 | 9.98 | 17.96 | 0.99 | 0.00 | 0.00 | 1.99 | 0.99 | −99.85 | −0.99 | 0.99 | 2.99 |
| Interest | 19.99 | 24.97 | 24.98 | 20.98 | 21.99 | 15.98 | 22.98 | 9.99 | 9.99 | 10.99 | 16.98 | 10.99 |
| Depreciation | 13.99 | 13.99 | 13.01 | 13.99 | 12.99 | 14.01 | 13.01 | 14.01 | 14.01 | 14.01 | 14.01 | 14.01 |
| Profit before tax | 4.01 | 10.01 | 4.01 | 10.01 | −8.01 | −10.01 | 10.01 | 22.01 | −100 | 7.01 | 48.06 | 30.04 |
| Tax % | 144.1% | 52.1% | −227.0% | 34.0% | 13.1% | −185.0% | 423.1% | 17.1% | −26.0% | 25.1% | −77.0% | 26.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −101 | −0.57 | 0.00 | 0.00 |
| Net Profit | −1.99 | 4.99 | 12.99 | 6.99 | −9.99 | 7.99 | −33.94 | 17.98 | −74.90 | 4.99 | 84.94 | 21.99 |
| EPS (Rs) | −0.03 | 0.11 | 0.33 | 0.17 | −0.19 | 0.14 | −0.59 | 0.30 | −1.31 | 0.09 | 1.49 | 0.38 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 900 | 848 | 1,158 | 1,666 | 1,529 | 1,720 | 2,335 | 2,545 | 2,867 | 2,899 | 2,836 | 2,953 |
| Expenses | 914 | 775 | 1,044 | 1,541 | 1,454 | 1,583 | 2,186 | 2,490 | 2,750 | 2,774 | 2,668 | 2,776 |
| Operating Profit | −11.01 | 73.97 | 117 | 130 | 81.96 | 142 | 155 | 64.06 | 125 | 134 | 178 | 186 |
| OPM % | −1.2% | 9.0% | 10.0% | 8.0% | 5.0% | 8.0% | 7.0% | 2.5% | 4.4% | 4.6% | 6.0% | 6.3% |
| Other Income | 1.99 | 0.99 | 6.99 | 0.99 | 0.99 | 0.99 | 2.99 | 14.98 | 37.92 | 3.99 | −97.81 | −96.86 |
| Interest | 118 | 123 | 129 | 78.91 | 85.88 | 78.96 | 73.90 | 81.98 | 87.94 | 80.92 | 47.94 | 48.95 |
| Depreciation | 63.01 | 56.04 | 56.99 | 54.98 | 54.01 | 54.99 | 54.01 | 54.01 | 55.01 | 54.01 | 55.01 | 56.04 |
| Profit before tax | −191 | −104 | −62.02 | −2.01 | −56.01 | 8.01 | 30.04 | −57.09 | 21.02 | 3.01 | −24.03 | −14.92 |
| Tax % | −5.0% | −9.9% | −10.0% | 956.0% | 20.0% | 42.0% | 14.0% | −12.0% | 31.0% | 1,208.1% | −243.0% | — |
| Exceptional items | 0.00 | 0.00 | 4.99 | 3.99 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −102 | −101 |
| Net Profit | −182 | −93.85 | −55.90 | −20.98 | −67.89 | 4.99 | 25.99 | −50.95 | 13.99 | −27.95 | 33.98 | 37.02 |
| EPS (Rs) | −20.68 | −10.63 | −1.43 | −0.52 | −1.75 | 0.12 | 0.66 | −1.30 | 0.36 | −0.49 | 0.59 | 0.65 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| 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 | 85.69 | 87.80 | 87.67 | 384 | 384 | 384 | 384 | 384 | 383 | 384 | 566 | 566 |
| Reserves | 506 | 426 | 334 | 266 | 248 | 207 | 175 | 201 | 152 | 166 | 381 | 462 |
| Borrowings | 1,220 | 1,146 | 1,206 | 916 | 887 | 864 | 799 | 860 | 835 | 816 | 295 | 322 |
| Other Liabilities | 218 | 114 | 171 | 222 | 183 | 284 | 154 | 308 | 278 | 275 | 294 | 378 |
| Total Liabilities | 2,030 | 1,773 | 1,799 | 1,789 | 1,701 | 1,740 | 1,512 | 1,754 | 1,650 | 1,640 | 1,537 | 1,729 |
| Fixed Assets | 1,147 | 1,130 | 1,074 | 1,016 | 961 | 909 | 857 | 830 | 829 | 819 | 792 | 796 |
| CWIP | 111 | 0.99 | 0.99 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 17.98 |
| Investments | 74.87 | 51.93 | 54.90 | 49.93 | 52.92 | 46.93 | 39.90 | 39.92 | 45.91 | 44.91 | 46.93 | 48.90 |
| Other Assets | 698 | 590 | 669 | 722 | 686 | 783 | 615 | 884 | 775 | 776 | 697 | 866 |
| Inventories | 323 | 274 | 297 | 352 | 373 | 528 | 378 | 460 | 485 | 491 | 476 | 588 |
| Trade receivables | 102 | 110 | 136 | 104 | 110 | 74.33 | 56.21 | 70.29 | 76.27 | 71.26 | 75.27 | 86.29 |
| Cash & equivalents | 21.06 | 4.01 | 15.05 | 41.11 | 27.09 | 25.07 | 27.10 | 96.26 | 27.08 | 47.16 | 21.05 | 29.09 |
| Total Assets | 2,030 | 1,773 | 1,799 | 1,789 | 1,701 | 1,740 | 1,512 | 1,754 | 1,650 | 1,640 | 1,537 | 1,729 |
| 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 | 88.06 | −22.03 | 73.06 | 147 | 94.09 | 77.12 | 178 | 110 | 86.17 | 170 | 189 | 148 |
| Cash from investing activity | −127 | 84.10 | 1.01 | −19.03 | 14.03 | 0.00 | −1.01 | −62.15 | −19.05 | −50.11 | −34.09 | −58.08 |
| Cash from financing activity | 55.79 | −77.78 | −60.82 | −122 | −108 | −78.78 | −177 | −10.97 | −104 | −106 | −177 | −89.73 |
| Net cash flow | 17.02 | −17.01 | 13.02 | 6.01 | 0.00 | −2.01 | 0.00 | 37.05 | −37.05 | 15.02 | −22.03 | 0.00 |
| Capex | 123 | 62.87 | 0.00 | 0.00 | 1.99 | 2.99 | 3.99 | 25.95 | 53.90 | 45.86 | 31.92 | 58.84 |
| Free cash flow | −35.08 | 40.09 | 73.18 | 148 | 92.19 | 78.12 | 174 | 85.15 | 32.08 | 125 | 157 | 89.19 |
| CFO / OP % | 1,886.0% | 200.0% | 100.0% | 126.0% | 73.0% | 97.0% | 125.0% | 73.0% | 138.0% | 138.0% | 144.0% | 78.0% |
| 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 | 34 | 44 | 58 | 33 | 24 | 18 | 12 | 11 | 11 | 9 | 9 | 11 |
| Inventory days | 128 | 130 | 175 | 149 | 108 | 162 | 104 | 89 | 84 | 78 | 74 | 96 |
| Days payable | 45 | 32 | 69 | 77 | 45 | 55 | 33 | 51 | 35 | 33 | 35 | 52 |
| Cash conversion cycle | 116 | 142 | 163 | 104 | 87 | 124 | 82 | 48 | 59 | 53 | 47 | 54 |
| Working capital days | 50 | 54 | 39 | 33 | 32 | 35 | 39 | 24 | 19 | 15 | 16 | 13 |
| ROCE % | −2.0% | −4.0% | 1.0% | 4.0% | 5.0% | 2.0% | 6.0% | 7.0% | 2.0% | 8.0% | 6.0% | 9.9% |
For the Jun 2026 quarter, MSP Steel & Power reported sales of ₹825 Cr, up 16.2% year on year and net profit of ₹21.99 Cr, up 22.3% year on year. The operating margin was 6.0%.
MSP Steel & Power's sales for the year to Mar 2026 were ₹2,836 Cr; over the last twelve months they were ₹2,953 Cr.
Net profit for the year to Mar 2026 was ₹33.98 Cr, and ₹37.02 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.65.
MSP Steel & Power reported borrowings of ₹322 Cr at Mar 2026, against cash and equivalents of ₹29.09 Cr.
Cash from operations was ₹148 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹89.19 Cr.