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Modern Steels Ltd Fundamentals

Market Cap
₹ 31.6 Cr
P/E Ratio (TTM)
14.81
P/B Ratio
2.67
Debt to Equity
0.70
ROE
35.78
EPS (TTM)
1.55
Dividend Yield
0.00 %
Book Value
8.59

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Modern Steels Ltd Financials

Modern Steels Ltd Financials

Modern Steels Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 65.53 % 65.53 % 65.53 % 65.53 %
Retail 32.48 % 31.65 % 31.32 % 31.27 %
Others 1.95 % 2.78 % 3.11 % 3.16 %
Mutual Funds 0.04 % 0.04 % 0.04 % 0.04 %
FII 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

65.53%

Retail

32.48%

Others

1.95%

Mutual Funds

0.04%

FII

0.00%

Promoters

65.53%

Retail

31.65%

Others

2.78%

Mutual Funds

0.04%

FII

0.00%

Promoters

65.53%

Retail

31.32%

Others

3.11%

Mutual Funds

0.04%

FII

0.00%

Promoters

65.53%

Retail

31.27%

Others

3.16%

Mutual Funds

0.04%

FII

0.00%

Resistance and Support

₹22.65

PIVOT

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Resistance
First Resistance₹23.550
Second Resistance₹24.140
Third Resistance₹25.040
support-arrow
Support
First Support₹22.060
Second Support₹21.160
Third Support₹20.570

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,57994759.97
Week1,5793,9070.00
1 Month1,57911,8600.00
6 Months1,747,4661,620,19390.00

About Modern Steels Ltd

Incorporated in Nov.' 73, Modern Steels Limited was formed with an object to manufacture carbon and alloy steel. It also has a rolling mill to convert billets into rolled products. While the melting capacity is 1 lac tpa, the rolling mill has a capacity of 50,000 tpa. The company was promoted by Amarjit Goyal, the Chairman and Krishan Kumar Goyal. The Company has a plant at Gobindgarh, in Punjab. In 1991-92, the company co-promoted Modern Dairies to set up a dairy project at Karnal, Haryana, to process 3.2 lac ltr pd of milk at an estimated cost of Rs 13.56 cr. Commercial production of the new company commenced in 1993. It invested around Rs 100 lac in the equity capital of the new company. In 1995, Modern Steels increased the capacity of its rolled products from 30,000 tpa to 50,000 tpa. The Electro Magnetic Stirrers (EMS) was installed in year 2005. In 2006, the Company installed a Vacuum Degassing Plant of 'Denelli' make in its melting shop. In addition, for the production of stainless steel a converter was installed and commissioned during the year. Post rolling facilities of peeling and grinding of bars commissioned during the year. In 2008, the Company installed & commissioned 600 mm Rolling Mill to produce higher size Rolled Products. It commissioned its energy efficient Oxygen Plants. The Second Electric Arc Furnace (EAF) was commissioned on July 30, 2009. In 2012, it strengthened and modernized its production facilities in SMS and Rolling Mill. In 2014, the Company installed Gasifier Unit for production of gas for reheating furnaces in rolling mills and added heat treatment facility for alloy steel bars. It added bigger ingot casting facilities in the steel melting shop to diversify process route. Forge shop consisting of forging presses, hammer, heat treatment facilities along with finishing and inspection facilities were added. It also installed machining & assembly lines for the manufacturing of auto steel components. In 2015, the Company commissioned and stabilized Auto Component Division along with Heat Treatment section. Further, it developed new grades in the tool and die segment. In year 2022, through the Business Transfer Agreement (BTA) executed between M/s Arjas Steel Pvt. Ltd./ M/s Arjas Modern Steel Pvt. Ltd. (Purchaser), Modern Steels Ltd. (Seller), Promoters (Mr. Krishan Kumar Goyal and Mr. Aditya Goyal). the Company was given operations of the plant to M/s Arjas Steel Pvt. Ltd. where they took control of the plant and operated till 05.01.2022. In terms of BTA, the Properties of the Unit in Mandi Gobindgarh, were transferred to Arjas Modern Steel Pvt. (Buyer) on Jan' 05, 2022. Again, the Plant & Machinery of the unit and other current assets and liabilities were also transferred to buyer under slump sale transaction, which concluded from the above said Date.

Managing Director

1973

Founded

Krishan Kumar Goyal

NSE Symbol

NA

Modern Steels Ltd Management

NameDesignation
Amarjit Goyal Chairman & Wholetime Director
Krishan Kumar GoyalChairman & Managing Director
Meena SharmaNon-Exec. & Independent Dir.
Satish Kumar KapoorIndependent Director
Triloki Nath Kapoor Director
D S Gill Director
AK VashishtIndependent Director
DeepaCompany Sec. & Compli. Officer
Aditya Goyal Director
Anupama SharmaIndependent Director
P L Talwar Director (Operation)
Ashish Sharma Company Secretary
Ramesh C Jain Director

Modern Steels Ltd News

Modern Steels standalone net profit declines 60.89% in the March 2024 quarter
Reported sales nil
Modern Steels declare Quarterly Result
On 18 May 2024
Modern Steels reports standalone net loss of Rs 0.05 crore in the December 2023 quarter
Reported sales nil
Modern Steels to discuss results
On 9 February 2024
Modern Steels reports standalone nil net profit/loss in the September 2023 quarter
Reported sales nil
Modern Steels to convene board meeting
On 8 November 2023
Modern Steels to hold AGM
On 27 September 2023
Modern Steels reports standalone net loss of Rs 0.35 crore in the June 2023 quarter
Reported sales nil
Modern Steels to declare Quarterly Result
On 11 August 2023
Modern Steels standalone net profit declines 96.90% in the March 2023 quarter
Reported sales nil

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Modern Steels Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Modern Steels Ltd shares in BlinkX

Modern Steels Ltd's P/E ratio is 14.81 times as of May 18, 2024 at 04:00 PM.

Modern Steels Ltd's most recent financial reports indicate a price-to-book ratio of 2.67, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Modern Steels Ltd's market is 32 Cr as on May 18, 2024 at 04:00 PM.

The current financial records of Modern Steels Ltd show a 35.78% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Modern Steels Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Modern Steels Ltd stands at 65.53%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.00% to 0.00%.