Modern Steels

Why is Modern Steels Ltd falling/rising?

As of 11-Aug, Modern Steels Ltd's stock price is at 12.85, down 4.18%, and has been underperforming with consecutive declines over the past two days. The stock is trading below its moving averages, indicating a bearish trend, and has seen a significant drop in investor participation.

As of 11-Aug, Modern Steels Ltd's stock price is falling, currently at 12.85, which reflects a decrease of 0.56 or 4.18%. The stock has been underperforming relative to the sector, with a performance today that is down by 2.97%. Additionally, the stock has experienced consecutive declines over the past two days, resulting in a total drop of 4.89% during this period.<BR><BR>The stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Furthermore, there has been a significant decline in investor participation, with delivery volume on 10 August falling by 52.67% compared to the 5-day average. This lack of investor interest may contribute to the downward pressure on the stock price. Overall, these factors collectively explain the current decline in Modern Steels Ltd's stock price.

Which are the latest news on Modern Steels?

How big is Modern Steels?

As of 10th June, Modern Steels Ltd has a market capitalization of 19.00 Cr, classifying it as a Micro Cap company, with Net Sales of 0.00 Cr and a Net Profit of 1.07 Cr in the latest four quarters.

As of 10th June, 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 1.07 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.

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 need more details about their roles or responsibilities, feel free to ask!

Who are the peers of the Modern Steels?

Peers of Modern Steels include Inducto Steel, Crimson Metal, Bloom Industries, Earthstahl & All., Rish.Digh.Steel, Trans Freight, AFLOAT Enterprises, T N Steel Tubes, and Precision Metal. Performance varies, with Crimson Metal showing the highest 1-year return at 367.38% and Inducto Steel the lowest at -35.19%.

Peers: The peers of Modern Steels are Inducto Steel, Crimson Metal, Bloom Industries, Earthstahl &All., Rish.Digh.Steel, Trans Freight, AFLOAT Enterpris, T N Steel Tubes, and Precision Metal.<BR><BR>Quality Snapshot: Below Average management risk is observed at Inducto Steel, Crimson Metal, Bloom Industries, Earthstahl &All., T N Steel Tubes, AFLOAT Enterpris, and Precision Metal, while Average management risk is found at Rish.Digh.Steel. Growth is rated as Good for Inducto Steel, Average for Bloom Industries, and Below Average for Crimson Metal, Earthstahl &All., Rish.Digh.Steel, T N Steel Tubes, AFLOAT Enterpris, and Precision Metal. Capital Structure is rated as Good for AFLOAT Enterpris, Average for Precision Metal, and Below Average for Inducto Steel, Crimson Metal, Bloom Industries, Earthstahl &All., Rish.Digh.Steel, T N Steel Tubes.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Crimson Metal at 367.38%, while the lowest is Inducto Steel at -35.19%. Modern Steels' own 1-year return is -21.14%, which is higher than Inducto Steel but lower than Crimson Metal. Additionally, the peers with negative six-month returns include Inducto Steel, Bloom Industries, Earthstahl &All., Rish.Digh.Steel, Trans Freight, AFLOAT Enterpris, and T N Steel Tubes.

What does Modern Steels do?

Modern Steels Ltd is a manufacturer of carbon and alloy steel products, classified as a Micro Cap company with a market cap of INR 19 Cr. As of March 2026, it reported a net profit of 1 Cr and has a P/E ratio of 18.00.

Overview:<BR>Modern Steels Ltd is a manufacturer of carbon and alloy steel products, operating within the Iron & Steel Products industry and classified as a Micro Cap company.<BR><BR>History:<BR>Incorporated in November 1973, Modern Steels Limited has focused on steel manufacturing since its inception. The latest quarterly results reported net profit for March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 1 Cr (Quarterly Results - Mar 2026)<BR>Market-cap value: INR 19 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 18.00<BR>Industry P/E: 26<BR>Dividend Yield: 0.00%<BR>Debt Equity: 0.01<BR>Return on Equity: 5.66%<BR>Price to Book: 0.96<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

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.