Modern Steels

Who are the top shareholders of the Modern Steels?

The top shareholder of Modern Steels is Krishan Kumar Goyal, holding 26.78%, followed by public shareholder Ajay Goyal with 3.74%. Individual investors own 32.9% of the shares, while mutual funds hold 0.04%, and there are no foreign institutional investors.

The top shareholders of Modern Steels include the promoters, with Krishan Kumar Goyal holding the largest share at 26.78%. There are no pledged promoter holdings. In terms of public shareholders, Ajay Goyal is the highest with a holding of 3.74%. Additionally, individual investors collectively hold 32.9% of the shares. Mutual funds have a minor presence with 0.04% held across four schemes, and there are currently no foreign institutional investors (FIIs) involved.

What does Modern Steels do?

Modern Steels Ltd is a manufacturer of carbon and alloy steel products, established in 1973, with a market cap of Rs 23 Cr and a recent net profit of 5 Cr for March 2025. Key metrics include a P/E ratio of 5.00 and a return on equity of 33.31%.

Overview:<BR>Modern Steels Ltd is a manufacturer of carbon and alloy steel products, operating within the Iron & Steel Products industry and categorized as a Micro Cap company.<BR><BR>History:<BR>Incorporated in November 1973, Modern Steels Ltd was established with the objective of manufacturing carbon and alloy steel. The latest quarterly results reported net profit for March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 5 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 23 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 5.00<BR>Industry P/E: 33<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.01<BR>Return on Equity: 33.31%<BR>Price-to-Book: 1.68<BR><BR>Contact Details:<BR>Address: G T Road Mandi Gobindgarh, Distt Fatehgarh Sahib Mandi Gobindgarh Punjab : 147301<BR>Phone: 91-172-2609001/2<BR>Email: secretarial@modernsteels.com<BR>Website: http://www.modernsteels.com

Who are in the management team of Modern Steels?

As of March 2022, the management team of Modern Steels includes Krishan Kumar Goyal (Chairman & Managing Director), Meena Sharma (Non-Executive & Independent Director), Satish Kumar Kapoor (Independent Director), AK Vashisht (Independent Director), and Deepa (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

As of March 2022, the management team of Modern Steels includes the following individuals:<BR><BR>1. **Krishan Kumar Goyal** - Chairman & Managing Director<BR>2. **Meena Sharma** - Non-Executive & Independent Director<BR>3. **Satish Kumar Kapoor** - Independent Director<BR>4. **AK Vashisht** - Independent Director<BR>5. **Deepa** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What is the bonus history of the Modern Steels?

Modern Steels announced a 3:2 bonus issue on September 28, 2007, with a record date of October 1, 2007, allowing shareholders to receive 3 new shares for every 2 shares held before the ex-date.

Modern Steels has a bonus history that includes a 3:2 bonus issue announced with an ex-date of September 28, 2007. The record date for this bonus was October 1, 2007. This means that shareholders who owned shares before the ex-date were eligible to receive additional shares in the ratio of 3 new shares for every 2 shares they held.

Has Modern Steels declared dividend?

Yes, Modern Steels Ltd has declared a 20% dividend, amounting to 0.7000 per share, with an ex-date of August 22, 2007. However, the dividend yield is 0%, and total returns have shown significant volatility, with negative returns in several periods.

Yes, Modern Steels Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 0.7000<BR>- Ex-date: Aug-22-2007<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -14.78%, the dividend return was 0%, resulting in a total return of -14.78%.<BR><BR>For the 1-year period, the price return was -15.78%, the dividend return was 0%, leading to a total return of -15.78%.<BR><BR>Over the 2-year period, the price return was 12.13%, the dividend return was 0%, culminating in a total return of 12.13%.<BR><BR>In the 3-year period, the price return was -18.47%, the dividend return was 0%, which resulted in a total return of -18.47%.<BR><BR>For the 4-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>In the 5-year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>Overall, while Modern Steels Ltd declared a dividend of 20%, the dividend yield remains at 0%, indicating that the returns from dividends have not contributed positively in recent periods. The total returns show significant volatility, with negative returns in several periods, particularly in the short term.

Who are the peers of the Modern Steels?

Peers of Modern Steels include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Ashiana Ispat, Mukat Pipes, Umiya Tubes, and Quality Foils. APL Apollo Tubes stands out with excellent management, growth, and capital structure, while Welspun Corp has the highest 1-year return at 68.43%, and Jindal Saw has the lowest at -22.99%.

Peers: The peers of Modern Steels are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Ashiana Ispat, Mukat Pipes, Umiya Tubes, and Quality Foils.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals, and the rest have ratings of Average, Below Average, or do not qualify. Excellent growth is seen at APL Apollo Tubes and Jindal Saw, Average growth is noted at Shyam Metalics and Ratnamani Metals, while Below Average growth is present at Welspun Corp, Ashiana Ispat, Mukat Pipes, Umiya Tubes, and Quality Foils, with Modern Steels and Mukat Pipes not qualifying. Excellent capital structure is attributed to APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is seen at Welspun Corp, and the rest have Below Average ratings or do not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.43%, while Jindal Saw has the lowest at -22.99%, and Modern Steels' 1-year return of -13.19% is better than Jindal Saw's but worse than Welspun Corp's. Additionally, the six-month returns for Ratnamani Metals, Jindal Saw, Ashiana Ispat, Umiya Tubes, and Quality Foils are all negative.

Is Modern Steels overvalued or undervalued?

As of April 25, 2023, Modern Steels is considered risky and undervalued with a low PE ratio of 5.08, but its negative EV to EBIT and EV to EBITDA ratios raise concerns about profitability, and despite its attractive valuation metrics, it has underperformed with a year-to-date return of -11.32% compared to the Sensex's gain of 5.59%.

As of 25 April 2023, the valuation grade for Modern Steels has moved from does not qualify to risky, indicating a shift in perception regarding its financial health. The company is currently assessed as undervalued, primarily due to its low PE ratio of 5.08 and a PEG ratio of 0.01, suggesting that the stock may be trading at a significant discount relative to its earnings growth potential. However, the negative EV to EBIT and EV to EBITDA ratios of -21.68 raise concerns about profitability and operational efficiency.<BR><BR>In comparison to its peers, Modern Steels' valuation metrics are starkly lower; for instance, JSW Steel has a PE ratio of 64.98, while Tata Steel boasts a PE of 51.92, both indicating a more favorable market perception. Despite its current undervaluation, Modern Steels has underperformed in the market with a year-to-date return of -11.32%, contrasting sharply with the Sensex's gain of 5.59%. This performance underscores the risks associated with investing in the company, despite its attractive valuation ratios.

How big is Modern Steels?

As of 24th July, Modern Steels Ltd has a market capitalization of 26.00 Cr, classifying it as a Micro Cap company, with reported Net Sales of 0.00 Cr and a Net Profit of 4.44 Cr in the latest four quarters.

As of 24th July, Modern Steels Ltd has a market capitalization of 26.00 Cr, which classifies it as a Micro Cap company.<BR><BR>In the latest four quarters, Modern Steels reported Net Sales of 0.00 Cr and a Net Profit of 4.44 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 17.83 Cr and Total Assets of 18.80 Cr.

When is the next results date for Modern Steels?

The next results date for Modern Steels is 10 November 2025.

The next results date for Modern Steels is scheduled for 10 November 2025.

How has been the historical performance of Modern Steels?

Modern Steels has experienced a significant decline in financial performance from Mar'19 to Mar'25, with net sales dropping to zero and substantial operating losses, although there are signs of recovery in the latest year with improved profit before tax and positive cash flow. Total liabilities and assets also decreased during this period.

Answer:<BR>The historical performance of Modern Steels shows a significant decline in financial metrics over the years, particularly from Mar'20 to Mar'25.<BR><BR>Breakdown:<BR>Modern Steels has experienced a drastic reduction in net sales, dropping from 321.56 Cr in Mar'19 to 0.00 Cr by Mar'25. Total operating income followed a similar trend, decreasing from 321.56 Cr in Mar'19 to 0.00 Cr in Mar'25. The company faced substantial operating losses, with an operating profit of -45.90 Cr in Mar'20, improving slightly to -1.05 Cr by Mar'25. Profit before tax also reflected this downward trajectory, moving from -49.39 Cr in Mar'20 to 4.44 Cr in Mar'25, indicating a recovery in the last reported year. However, profit after tax mirrored this pattern, starting at -49.39 Cr in Mar'20 and reaching 4.44 Cr in Mar'25. The company's total liabilities decreased from 112.67 Cr in Mar'20 to 18.80 Cr in Mar'25, while total assets also fell from 112.67 Cr in Mar'20 to 18.80 Cr in Mar'25. Cash flow from operating activities showed a positive trend, with 3.00 Cr reported in Mar'25, compared to a negative cash flow in previous years. Overall, Modern Steels has shown signs of recovery in the latest year, but the historical performance indicates significant challenges faced over the past several years.

Why is Modern Steels Ltd falling/rising?

As of 18-Jan, Modern Steels Ltd's stock price is at 14.06, reflecting a decline of 0.28%. The stock has decreased significantly over the year, with a 9.58% year-to-date drop and a 21.54% decline over the past year, alongside reduced investor participation.

As of 18-Jan, Modern Steels Ltd's stock price is falling, currently at 14.06, which reflects a change of -0.04 or -0.28%. The stock has shown a significant decline over various periods, with a year-to-date drop of 9.58% and a one-year decrease of 21.54%, while the benchmark Sensex has increased by 8.47% over the same period. <BR><BR>Today's performance is described as inline with the sector, but the stock is trading lower than its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume on January 14 falling by 63.48% compared to the 5-day average. This decrease in trading activity suggests a lack of interest from investors, contributing to the downward pressure on the stock price. Overall, these factors indicate that Modern Steels Ltd is experiencing a decline in its stock price.

Which are the latest news on Modern Steels?