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Companies›Industrials›Capital Goods›Industrial Products

MODERN STEELS LTD.

Capital Goods › Industrial Products
₹12.50
at close · 28 Oct 2026
▼ 0.30 (-2.34%)

Latest filings

  1. Modern Steels Q2 FY26 results: net profit jumps 4.5x YoY to Rs 36 lakh · Compliance
  2. Modern Steels Q2 FY26-27 PAT up to 36L; no manufacturing ops continue · Results
  3. Modern Steels Q2 FY27: Net profit Rs 36L vs Rs 8L on Rs 63L income · Results
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Sold its steel-making assets at Mandi Gobindgarh (Punjab) under a slump sale and no longer carries out any manufacturing operations. The company now earns only commission income and other income. For FY26, total income stood at Rs 482 lacs versus Rs 549 lacs in FY25, and net profit was Rs 106 lacs versus Rs 444 lacs the prior year. Results are prepared on a going-concern basis while management explores new commercial activities to restart the business. The auditor (APT & Co LLP) issued an unmodified opinion, and deferred tax assets on carried-forward losses were not recognised due to lack of virtual certainty of future taxable income.

Operating scale
Manufacturing status
No manufacturing operationsFY26
Former plant location
Mandi Gobindgarh, Punjab (sold via slump sale)
Total income
Rs 482 lacsFY26
Net profit
Rs 106 lacsFY26
Total assets
Rs 19.87 croreFY26
Cash flow from operations
Rs 2 lacsFY26
Who pays it
Not specified in the facts; commission income source not described
Biggest cost
Not specified in the facts
Kind of business
Shell-stage industrial company post slump sale; commission and other income only
Where it sits
Classified under Iron & Steel Products on BSE (scrip code 513303); no manufacturing operations
Market Cap
₹18 Cr
P / E (TTM)
16.4×
EV / EBITDA
16.8×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT -51.3% · EBITDA -52.4%
Quality
n/m·
ROCE · capital employed below zero
ROE n/m · margin —
Leverage
0.01·
Debt / Equity · low
Net debt ₹0.15 Cr
Revenue FY21→FY26
0.0×▼
Revenue change
₹84 Cr → ₹0 Cr
Cash conversion
0.01×▼
Operating cash ÷ profit · 5 yrs
₹1 Cr on ₹97 Cr
Moves on a normal day
2.30%·
Median daily move
Last 266 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#55/105
P/B#31/101
ROCE#74/115
ROE#63/103
Debt / Equity#20/101
Profit growth#96/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Debt at 0.01× equity
lower than 81% of its 101 Iron & Steel Products peers
Concerns
Profit shrinking over 5 years (−51% a year)
Erratic profits — up in only 2 of the last 5 years
Over 5 years it reported ₹97 Cr of profit and ₹1.15 Cr of operating cash — 0.01×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MODERN STEELS LTD.'s filed financials and exchange disclosures

What does MODERN STEELS LTD. do?

MODERN STEELS LTD. is a Industrial Products company listed on BSE.

Is MODERN STEELS LTD. profitable?

Yes. Over the trailing twelve months MODERN STEELS LTD. reported a net profit of ₹1.07 Cr with no revenue reported.

Does MODERN STEELS LTD. pay a dividend?

Not in the latest reported year — MODERN STEELS LTD.'s dividend payout for FY26 was nil.

Is MODERN STEELS LTD. debt-free?

No. It reported borrowings of ₹0.21 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹0.15 Cr after cash. Debt stands at 0.01× equity. That is lower than 81% of its 101 Iron & Steel Products peers.

Is MODERN STEELS LTD. expensive compared with its peers?

On trailing P/E, MODERN STEELS LTD. ranks 55 of 105 in Iron & Steel Products — cheaper than 48% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the MODERN STEELS LTD. share price move in a day?

On a typical session MODERN STEELS LTD. moves 2.30% — that is the median absolute close-to-close move across its last 266 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MODERN STEELS LTD.'s announcements?

Every NSE and BSE filing by MODERN STEELS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.