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MSP Steel & Power Limited (MSPL)

Small Cap

Metals stocks · Small cap · NSE

MSP Steel & Power Limited operates in Steel, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹31.44
-0.11 · -0.35%
Market cap ₹1,794 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm IST
Details
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:15 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens

Trend score and candlestick chart

36Bearish

full bear SMA stack · SMA20 -6.6% / mo · MACD +

Stock trend: 27
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

MSPLD candles · FIT view-9.9%
Latest close ₹31.44 on 2026-10-19
Bar
-1.0%
RSI
43
MACD hist
0.05
52W pos
26%
Visible chart range
Candle interval
2026-10-19O ₹31.76H ₹32.05L ₹30.72C ₹31.44Vol 4.9L sh
₹28.38₹33.02₹37.67₹42.32₹46.9652H₹31.442026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

MSPLNifty MetalNifty 500
-20%-10%+0%+10%20 Jul1 Sept19 Oct19 Oct 2026MSPL -13.9%Nifty Metal -3.8%Nifty 500 -5.6%
MSPL
-13.9%
Nifty 500
-5.6%
Nifty Metal
-3.8%
Vs Nifty 500
-8.3 pp
Chart stats
19 Oct 2026
From 52W high
-31.8%
₹46.1
52W range position
26%
₹26.3 - ₹46.1
ATR (14)
4.7%
₹1.5
Volume vs 20D
0.49x
Latest completed session
Avg traded value
₹3.2 Cr
20-session average
20D price channel
₹29.2 - ₹36.2
40.0% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST
43

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Good
57

Revenue +16.3% · PAT +22.2% YoY

Technical
Bearish
36

Price trend and sector-relative-strength timing.

Valuation
Legacy model
-34.9%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
63

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Good · 57/100

Rev +16% YoY · PAT +22% YoY · operating leverage · margin compression

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹827 Cr+16.3%+1.4%
EBITDA₹53 Cr+17.8%-31.2%
Operating margin6.0%+0 bps-300 bps
PAT₹22 Cr+22.2%-74.1%
PAT margin2.7%+13 bps-776 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
12.90
P/B
1.80
EV/EBITDA
8.90
Market Cap
1794.00Cr

Profitability

ROE
13.90%
ROCE
9.69%
ROA
2.20%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
11.00%
EPS 5Y
94.00%
Revenue 3Y
4.00%
EPS 3Y
67.00%

Balance Sheet

Debt/Equity
0.35
Interest Coverage
3.85×
Altman Z
4.10
Book Value
17.60

Cash Flow

FCF Yield
5.02%
FCF Positive Y
11/5
OCF
148.00 Cr
EPS TTM
0.67

Shareholding

Promoter Hold
45.12%
Promoter Pledge
63.50%
Momentum 52W
27%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 827+1.3% vs prev
0827.0Sep 2023: 674Dec 2023: 781Mar 2024: 748Jun 2024: 772Sep 2024: 656Dec 2024: 717Mar 2025: 760Jun 2025: 711Sep 2025: 677Dec 2025: 639Mar 2026: 816Jun 2026: 827Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26

Net Profit

₹ Cr
Latest: 22.0-74.1% vs prev
-75.0085.0Sep 2023: -2.0Dec 2023: 5.0Mar 2024: 13.0Jun 2024: 7.0Sep 2024: -10.0Dec 2024: 8.0Mar 2025: -34.0Jun 2025: 18.0Sep 2025: -75.0Dec 2025: 5.0Mar 2026: 85.0Jun 2026: 22.0Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 43. Wait for confirmation.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~7.1% over last month) — short-term momentum negative.
  • RSI(14) at 43 — rising, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 32% off 52W high · 20% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

50
RS percentile
Stage 1 Base / Transition
1M return
-7.9%
3M return
-13.9%
6M return
-9.8%
1Y return
-6.0%
RS 1D
+5
RS 20D
+2
Sector rank
#4
Industry rank
-
Stage evidence
  • Price is 13.6% below the 30-week proxy without full trend alignment.
  • The 30-week proxy changed +0.4% over 20 sessions.
  • The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 89.25+0.69%
768899111123Sept 25Feb 26Jun 26Oct 2689
RS vs Nifty 50089

Valuation & peers

U-Score 43 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

43U-SCORE
WATCHLIST

Fundamental score breakdown

U band · WATCHLIST
Valuation2/30
Growth16/25
Quality7/20
Balance Sheet6/15
Cash Flow7/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
43

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

43/100 · legacy band WATCHLIST

Positive drivers

  • FCF yield is supportive at 5.0%.
  • Piotroski is strong at 7/9.
  • Cash flow contributes 7/10 to the score.

Main drags

  • Promoter pledge is 63.5%.
  • Fair-value margin of safety is negative at -34.9%.
  • Valuation is weaker at 2/30; verify the latest quarterly trend.
Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
12.9
PB
1.8
EV/EBITDA
8.9
ROE
13.9%
ROCE
9.7%
FCF Yield
5.0%
Debt/Equity
0.3
MoS
-34.9%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
43
Previous: 43
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-34.9%
Previous: -34.9%

Score history

12 stored score snapshots. Latest stored move: +0 points.

20 Oct 2026
v4.3-runtime-valuation
43
43
43
43
43
43
43
43
43
43
43
43

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹16.29
-93.0% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹23.32
-34.9% MoS
PEG
0.16

Comparable companies

Peers

Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ANKITMETAL
Small
Ankit Metal & Power Limited
Metals / Mining
match 85
0
—
-65.2%
—
OVERVALUED
AMCL
SME
ANB Metal Cast Ltd.
Metals / Mining
match 51
61
18.8
32.4%
+46%
UNDERVALUED
MUKANDLTD
Small
Mukand Limited
Steel
match 46
56
4.2
5.6%
+89%
FAIR VALUE
NSLNISP
Large
NMDC Steel Limited
Metals / Mining
match 42
44
139.0
0.5%
-299%
WATCHLIST
SAIL
Mid
Steel Authority of India Limited
Steel
match 28
42
14.6
6.6%
-140%
WATCHLIST

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

MSP Steel & Power Limited operates in Steel, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
63Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 32nd percentile within Metals. Main check: promoter alignment is weak at 39/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
38th percentile

overall median 67 · Metals: 32nd pctile, median 70 · Small: 43rd pctile, median 66

Evidence depth
Financial-only

2 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
39
weak · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
53
watch · quarterly consistency

Trust positives

  • ▸Promoter holding increased 9.9%.
  • ▸FCF yield is positive at 4.5%.
  • ▸11 years of positive FCF.
  • ▸3/4 latest quarters had positive YoY revenue growth.

Trust risks

  • ▸Promoters have pledged 63.5% of holding.
  • ▸2 latest quarters had PAT decline worse than 25% YoY.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

4 shown
AnnouncementSep 2026

Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Submission of Newspaper Advertisement giving prior intimation of the Annual General Meeting of the company to be held on 30th September 2026 as per regulation …

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Submission of Newspaper Advertisement giving post intimation of the 57th Annual General Meeting of the Company as per the Regulation 30 and 47 of SEBI …

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.