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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
MSP Steel & Power Limited is an India-based steel manufacturer. The Company is engaged in the manufacture and sale of iron and steel products and generation of power. Its manufacturing plant is at Raigarh, Chhattisgarh, India. Its products include Premium TMT Bars, TMT Bars,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent business, trading cheap versus its own history — but flagged on governance.
MSP STEEL & POWER LTD. is scored on the commodity / cyclical framework. It keeps a thin 1.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 4.39× reported profit. It throws off free cash worth 5.3% of its market value — a strong free-cash yield.
Book value itself has compounded 22%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 13.1%. In the latest quarter profit fell 74% versus the prior quarter.
At 51× earnings, the stock sits at the 4th percentile of its own 1.6-year range — the cheap end of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Share count up 46% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 45.33 | 21.11 | worse |
| P/B | 1.77 | 2.12 | better |
| EV/EBITDA | 22.98 | 8.94 | worse |
| ROE | 13.14 | 18.05 | worse |
| ROCE | 9.29 | 11.11 | worse |
| ROA | 2.19 | 3.13 | worse |
| Quick Ratio | 0.32 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue declined 2% in the latest year — a break from prior trajectory. 4% CAGR — growing but slowly.
2 of the 4 years shown had a loss — profitability is inconsistent. The latest year saw a +219% swing — check if it's a one-off or structural.
Operating margins have been stable around -1% — no major structural shift.
ROE at 3% — modest; the capital isn't working hard. Capital efficiency improving — ROE up 12pp across the window.
Profit grew faster than EPS (135% vs 62%) — share dilution is eroding per-share value. 62% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 4.4× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 25% above earlier ones.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit fell 74% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (-11% → 3%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 1.6y median.
Promoters at 45.1% — dispersed ownership; institutional flows drive the stock. Promoters added 7.4pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.