MSP Steel & Power Limited (IN:MSPL)
:MSPL
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MSP Steel & Power Limited
(MSPL)
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Rating:54Neutral
Price Target:
₹42.00
▲(13.57% Upside)
Action:Reiterated
Date:06/04/26
The score is anchored by mixed financial performance: a much cleaner balance sheet and positive cash generation are offset by highly volatile results and a sharp revenue drop in 2026. Technicals are moderately supportive with price above key moving averages and balanced momentum, but valuation is a clear headwind due to the high P/E and lack of dividend yield data.
Positive Factors
Balance sheet strength
Material deleveraging and higher equity provide durable financial resilience: lower refinancing and interest risk, greater capacity to fund capex or survive steel-cycle troughs, and more optionality for strategic investments or opportunistic M&A over the next 2–6 months.
Negative Factors
Revenue volatility and sharp 2026 decline
Highly volatile top-line, including a steep 2026 drop, weakens revenue visibility and makes capital allocation harder. For a commodity-facing steel producer, unpredictable volumes/pricing compress margins and raise the risk that cash flow strength proves temporary.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Material deleveraging and higher equity provide durable financial resilience: lower refinancing and interest risk, greater capacity to fund capex or survive steel-cycle troughs, and more optionality for strategic investments or opportunistic M&A over the next 2–6 months.
Read all positive factors
MSP Steel & Power Limited (MSPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.86B
Dividend YieldN/A
Average Volume (3M)122.62K
Price to Earnings (P/E)71.4
Beta (1Y)1.66
Revenue Growth-2.14%
EPS GrowthN/A
CountryIN
Employees1,198
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-1.66
Shares Outstanding566,796,630
10 Day Avg. Volume44,911
30 Day Avg. Volume122,623
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)1.45
Price to Sales (P/S)0.52
P/FCF Ratio43.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MSP Steel & Power Limited Business Overview & Revenue Model
Company Description
MSP Steel & Power Limited, operating with its subsidiaries, is engaged in the production and distribution of a diverse range of iron and steel items throughout India. The company's comprehensive product line includes TMT reinforcement bars, steel ...
How the Company Makes Money
MSPL primarily makes money by manufacturing and selling steel and steel-related products to industrial and commercial customers. Its core revenue stream is sales revenue generated from these products, with earnings influenced by sales volumes, pro...
MSP Steel & Power Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.65B | 28.43B | 29.05B | 28.74B | 25.34B | 23.40B |
| Gross Profit | 5.27B | 4.73B | 4.19B | 1.28B | 2.28B | 2.39B |
| EBITDA | 346.87M | 1.78B | 1.37B | 1.52B | 664.11M | 1.50B |
| Net Income | -825.25M | 337.74M | -283.55M | 143.59M | -505.80M | 256.98M |
Balance Sheet | ||||||
| Total Assets | 15.03B | 17.28B | 15.35B | 16.38B | 16.48B | 17.51B |
| Cash, Cash Equivalents and Short-Term Investments | 362.36M | 288.42M | 207.63M | 261.05M | 109.90M | 483.13M |
| Total Debt | 2.81B | 3.21B | 2.62B | 7.81B | 8.01B | 8.26B |
| Total Liabilities | 5.90B | 6.97B | 5.56B | 10.55B | 10.78B | 11.32B |
| Stockholders Equity | 9.13B | 10.30B | 9.79B | 5.82B | 5.70B | 6.18B |
Cash Flow | ||||||
| Free Cash Flow | 799.47M | 341.11M | 741.64M | 1.25B | 320.64M | 844.86M |
| Operating Cash Flow | 1.01B | 935.04M | 1.07B | 1.70B | 857.99M | 1.10B |
| Investing Cash Flow | -334.22M | -595.81M | -360.77M | -495.53M | -191.87M | -621.49M |
| Financing Cash Flow | -674.53M | -334.74M | -925.99M | -1.06B | -1.04B | -109.07M |
MSP Steel & Power Limited Technical Analysis
Positive
36.98
Price Trends
38.37
Positive
34.56
Positive
34.88
Positive
Market Momentum
0.65
Positive
60.51
Neutral
49.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MSPL, the sentiment is Positive. The current price of 36.98 is below the 20-day moving average (MA) of 41.36, below the 50-day MA of 38.37, and above the 200-day MA of 34.88, indicating a bullish trend. The MACD of 0.65 indicates Positive momentum. The RSI at 60.51 is Neutral, neither overbought nor oversold. The STOCH value of 49.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MSPL.
MSP Steel & Power Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹27.44B | 22.46 | ― | 1.03% | -2.88% | -8.35% | |
67 Neutral | ₹26.81B | 8.13 | ― | 1.10% | -13.34% | -6.28% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹30.94B | 7.10 | ― | 1.65% | 20.32% | -31.19% | |
58 Neutral | ₹23.13B | 32.74 | ― | 0.42% | 23.66% | 19.36% | |
54 Neutral | ₹23.86B | 71.44 | ― | ― | -2.14% | ― | |
53 Neutral | ₹19.64B | 3.24 | ― | 1.50% | >-0.01% | 696.12% |
* Basic Materials Sector Average
IN:MSPL
MSP Steel & Power Limited
42.49
14.29
50.67%
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MSP Steel & Power Limited Corporate Events
MSP Steel & Power clears FY26 results and plans Raigarh expansion
May 30, 2026
MSP Steel Power Limited’s board has approved the audited standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2026, along with the related audit review reports. The company also confirmed there ...
MSP Steel & Power Files SEBI Demat Compliance Certificate for Q4 FY26
Apr 21, 2026
MSP Steel Power Limited has disclosed that it received a compliance certificate from its registrar and transfer agent, KFin Technologies Limited, for the quarter ended March 31, 2026, under Regulation 74(5) of the SEBI (Depositories and Participa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.