MSP Steel Key Ratios
NSE: MSPL | BSE: 532650
₹35.40
As on 04-Sep-2026 15:52IST
Market cap
₹2,001 Cr
Revenue (TTM)
₹2,959 Cr
P/E Ratio
52.8
P/B Ratio
1.9
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 1.25 | 16.27 | 4.22 | 4.44 | 8.06 |
| EBIT | -39.81 | 22.44 | 58.48 | 65.84 | 2.97 |
| Net Profit | -74.21 | 23.20 | 756.32 | 70.83 | 31.68 |
| EPS | -74.21 | 23.20 | 285.47 | 38.94 | -2.11 |
| Book Value | -- | -- | 16.94 | 3.15 | 2.79 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 1.86 | 2.98 | 4.38 | 2.76 | 2.43 |
| Net Margin
| -0.86 | -0.22 | 1.28 | -0.97 | 0.49 |
| Return on equity
| -3.58 | -0.96 | 11.69 | -3.78 | 2.63 |
| Return on Capital
| 5.30 | 5.96 | -- | 6.43 | 7.92 |
| Return on Assets
| -1.39 | -0.41 | 2.32 | -1.80 | 0.89 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.27 | 1.34 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
6.43
|
7.92
|
1.76
|
7.43
|
|
Peer Median
|
--
|
13.43
|
14.31
|
10.82
|
--
|
ROE
11.69
Higher than Peers by 0.30
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
11.69
|
-3.78
|
2.63
|
-8.99
|
4.47
|
|
Peer Median
|
11.38
|
9.72
|
9.24
|
12.97
|
--
|
ROA
2.32
Lower than Peers by 3.86
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
2.32
|
-1.80
|
0.89
|
-3.03
|
1.60
|
|
Peer Median
|
6.18
|
6.85
|
5.92
|
5.64
|
--
|
EBIT Margin
4.38
Lower than Peers by 3.32
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
4.38
|
2.76
|
2.43
|
0.38
|
4.30
|
|
Peer Median
|
7.69
|
8.99
|
8.42
|
5.24
|
--
|
Net Margin
1.28
Lower than Peers by 3.50
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
1.28
|
-0.97
|
0.49
|
-1.97
|
1.10
|
|
Peer Median
|
4.77
|
4.83
|
3.76
|
6.02
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
0.87
|
2.42
|
0.14
|
3.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
4.22
Higher than Peers by 0.45
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
4.22
|
1.09
|
12.68
|
9.01
|
35.77
|
|
Peer Median
|
3.78
|
4.90
|
4.26
|
24.67
|
--
|
EBIT Growth
58.48
Higher than Peers by 43.60
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
58.48
|
14.51
|
617.82
|
-90.32
|
15.89
|
|
Peer Median
|
14.88
|
21.50
|
31.27
|
6.09
|
--
|
Net Profit Growth
756.32
Higher than Peers by 734.25
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
756.32
|
-297.68
|
128.35
|
-297.00
|
426.38
|
|
Peer Median
|
22.07
|
26.11
|
19.14
|
8.68
|
--
|
EPS Growth
285.47
Higher than Peers by 264.20
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
285.47
|
-234.27
|
128.39
|
-296.85
|
424.96
|
|
Peer Median
|
21.26
|
34.31
|
46.08
|
22.22
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
71.97
|
2.30
|
-8.24
|
4.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.00
Lower than Peers by 0.04
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
0.00
|
0.27
|
1.34
|
1.41
|
1.34
|
|
Peer Median
|
0.04
|
0.32
|
0.33
|
0.22
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
0.24
|
0.44
|
0.43
|
0.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.17
Lower than Peers by 0.24
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
1.17
|
1.26
|
1.29
|
1.27
|
1.40
|
|
Peer Median
|
1.41
|
1.50
|
1.34
|
1.66
|
--
|
Quick Ratio
0.32
Lower than Peers by 0.54
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
0.32
|
0.37
|
0.44
|
0.43
|
0.65
|
|
Peer Median
|
0.85
|
1.42
|
1.26
|
0.91
|
--
|
Interest Coverage
0.68
Lower than Peers by 4.88
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
0.68
|
1.03
|
1.24
|
0.30
|
1.40
|
|
Peer Median
|
5.56
|
4.76
|
7.75
|
3.48
|
--
|
Operating Efficiency
Debtors to sales
2.91
Lower than Peers by 3.95
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
2.91
|
2.58
|
2.48
|
2.99
|
3.01
|
|
Peer Median
|
6.86
|
8.99
|
7.90
|
7.08
|
--
|
Asset Turnover
1.81
Higher than Peers by 0.65
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
1.81
|
1.85
|
1.79
|
1.53
|
1.46
|
|
Peer Median
|
1.17
|
1.40
|
1.64
|
1.37
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
9.16
|
9.35
|
10.49
|
9.86
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
60.39
|
61.74
|
67.30
|
64.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
34.78
|
33.64
|
41.42
|
38.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
34.76
|
37.45
|
36.37
|
36.61
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
52.77
Higher than Peers by 32.67
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
52.77
|
--
|
81.95
|
--
|
16.08
|
|
Peer Median
|
20.11
|
25.09
|
25.61
|
15.74
|
--
|
Price / Book Value
1.90
Lower than Peers by 0.03
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
1.90
|
1.63
|
2.13
|
0.56
|
0.70
|
|
Peer Median
|
1.93
|
2.45
|
2.66
|
1.23
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
11.99
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
11.99
|
13.24
|
11.86
|
14.70
|
7.41
|
|
Peer Median
|
--
|
19.71
|
20.87
|
9.18
|
--
|
Market Cap
2,001
Higher than Peers by 974
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
MSP Steel
|
2,001
|
1,548
|
1,177
|
303
|
413
|
|
Peer Median
|
1,027
|
497
|
469
|
320
|
--
|