Modern Steels

Why is Modern Steels Ltd falling/rising?

As of 01-Sep, Modern Steels Ltd's stock price is rising to 13.40, reflecting a 1.36% increase. This upward trend is supported by strong investor participation and performance exceeding its sector, alongside favorable moving averages.

As of 01-Sep, Modern Steels Ltd's stock price is rising, currently at 13.40, with a change of 0.18 (1.36%) upwards. This increase can be attributed to several factors. The stock has been gaining for the last three days, resulting in a total return of 5.02% during this period. Additionally, it has outperformed its sector by 1.06% today, indicating stronger performance relative to its peers.<BR><BR>Investor participation has also increased, as evidenced by a rise in delivery volume of 1.39 k on August 31, which is up by 3.07% compared to the five-day average. This suggests that more investors are willing to buy and hold the stock, contributing to its upward price movement.<BR><BR>Furthermore, the current price is higher than the 5-day, 20-day, 50-day, and 100-day moving averages, which typically indicates a bullish trend, although it remains lower than the 200-day moving average. Overall, these factors collectively support the rise in Modern Steels Ltd's stock price.

Who are in the management team of Modern Steels?

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).

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>If you have any more questions about the company or its operations, feel free to ask!

What does Modern Steels do?

Modern Steels Ltd is a micro-cap company in the Iron & Steel Products industry, focused on manufacturing carbon and alloy steel and steel rolled products. As of June 2026, it reported a net profit of 0 Cr and has a market cap of INR 19 Cr.

Overview:<BR>Modern Steels Ltd is a micro-cap company in the Iron & Steel Products industry, primarily engaged in the manufacturing of carbon and alloy steel and the production of steel rolled products.<BR><BR>History:<BR>Incorporated in November 1973, Modern Steels Limited has maintained its focus on steel manufacturing. The latest quarterly results reported are for June 2026, showing a net profit of 0 Cr.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Jun 2026)<BR>Market-cap value: INR 19 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 15.00<BR>Industry P/E: 25<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.01<BR>Return on Equity: 6.35%<BR>Price to Book: 0.93<BR><BR>Contact Details:<BR>Address: G T Road Mandi Gobindgarh, Distt Fatehgarh Sahib Mandi Gobindgarh Punjab : 147301<BR>Tel: 91-172-2609001/2<BR>Email: secretarial@modernsteels.com<BR>Website: http://www.modernsteels.com

Who are the peers of the Modern Steels?

Peers of Modern Steels include Unison Metals, Rish.Digh.Steel, Mukat Pipes, and others. Modern Steels has a 1-year return of -23.76%, better than Unison Metals' -60.65% but worse than Crimson Metal's 4.49%.

Peers: The peers of Modern Steels are Unison Metals, Rish.Digh.Steel, Mukat Pipes, Bloom Industries, Earthstahl &All., Shree Marutinand, Crimson Metal, Quality Foils, and Precision Metal.<BR><BR>Quality Snapshot: Below Average management risk is observed at Unison Metals, Bloom Industries, Earthstahl &All., Crimson Metal, Quality Foils, and Precision Metal, while Average management risk is found at Rish.Digh.Steel and Shree Marutinand. Mukat Pipes and Modern Steels do not qualify for management risk assessment. Growth is Excellent at Shree Marutinand, Average at Bloom Industries, and Below Average at Unison Metals, Rish.Digh.Steel, Earthstahl &All., Crimson Metal, Quality Foils, and Precision Metal, with Mukat Pipes and Modern Steels not qualifying. Capital Structure is Good at Shree Marutinand, Average at Precision Metal, and Below Average at Unison Metals, Rish.Digh.Steel, Mukat Pipes, Bloom Industries, Earthstahl &All., Crimson Metal, and Quality Foils, while Modern Steels does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Crimson Metal at 4.49%, while the peer with the lowest is Unison Metals at -60.65%. Modern Steels has a 1-year return of -23.76%, which is significantly better than Unison Metals but worse than Crimson Metal. Additionally, several peers, including Mukat Pipes, Bloom Industries, Earthstahl &All., Shree Marutinand, and Crimson Metal, have negative six-month returns.

How big is Modern Steels?

As of 31st August, Modern Steels Ltd has a market capitalization of 19.00 Cr, with Net Sales of 0.00 Cr and a Net Profit of 1.20 Cr reported in the latest four quarters. Shareholder's Funds are 17.83 Cr and Total Assets amount to 18.80 Cr as of March 2025.

As of 31st August, Modern Steels Ltd has a market capitalization of 19.00 Cr, categorizing 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 1.20 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.

Which are the latest news on Modern Steels?

When is the next results date for Modern Steels Ltd?

The next results date for Modern Steels Ltd is 22 May 2026.

The next results date for Modern Steels Ltd is scheduled for 22 May 2026.

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.

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.

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 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.