MSP Steel & Power Limited
MSP Steel & Power Limited, together with its subsidiaries, manufactures and trades for the sale of iron and steel products in India and internationally. The company provides TMT bars, MS billets, sponge iron, and pellets; structural steel products, including beams, channels, angles, and round bars for industrial, infrastructural, engineering, domestic, and agricultural sectors; and value-added pr… Read more
MSP Steel & Power Limited (MSPL) - Net Assets
Latest net assets as of September 2025: ₹9.13 Billion INR
Based on the latest financial reports, MSP Steel & Power Limited (MSPL) has net assets worth ₹9.13 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹15.03 Billion) and total liabilities (₹5.90 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹9.13 Billion |
| % of Total Assets | 60.73% |
| Annual Growth Rate | 15.53% |
| 5-Year Change | 65.32% |
| 10-Year Change | 78.43% |
| Growth Volatility | 30.04 |
MSP Steel & Power Limited - Net Assets Trend (2006–2025)
This chart illustrates how MSP Steel & Power Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MSP Steel & Power Limited (2006–2025)
The table below shows the annual net assets of MSP Steel & Power Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹9.79 Billion | +68.08% |
| 2024-03-31 | ₹5.83 Billion | +2.17% |
| 2023-03-31 | ₹5.70 Billion | -7.83% |
| 2022-03-31 | ₹6.19 Billion | +4.44% |
| 2021-03-31 | ₹5.92 Billion | -0.34% |
| 2020-03-31 | ₹5.94 Billion | -10.68% |
| 2019-03-31 | ₹6.65 Billion | -2.54% |
| 2018-03-31 | ₹6.83 Billion | +61.27% |
| 2017-03-31 | ₹4.23 Billion | -22.87% |
| 2016-03-31 | ₹5.49 Billion | -10.91% |
| 2015-03-31 | ₹6.16 Billion | -16.65% |
| 2014-03-31 | ₹7.39 Billion | +3.04% |
| 2013-03-31 | ₹7.17 Billion | +76.90% |
| 2012-03-31 | ₹4.06 Billion | +26.75% |
| 2011-03-31 | ₹3.20 Billion | +43.17% |
| 2010-03-31 | ₹2.23 Billion | +32.04% |
| 2009-03-31 | ₹1.69 Billion | +30.32% |
| 2008-03-31 | ₹1.30 Billion | +56.09% |
| 2007-03-31 | ₹831.98 Million | +32.02% |
| 2006-03-31 | ₹630.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MSP Steel & Power Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 303954400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹5.67 Billion | 57.89% |
| Other Comprehensive Income | ₹669.83 Million | 6.84% |
| Other Components | ₹6.49 Billion | 66.31% |
| Total Equity | ₹9.79 Billion | 100.00% |
MSP Steel & Power Limited Competitors by Market Cap
The table below lists competitors of MSP Steel & Power Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elanders AB Series B
LSE:0JBY
|
$72.49 Million |
|
Victek Co. Ltd
KQ:065450
|
$72.51 Million |
|
Gozde Girisim Sermayesi Yatirim Ortakligi AS
IS:GOZDE
|
$72.51 Million |
|
Genasys Inc
NASDAQ:GNSS
|
$72.51 Million |
|
Anfield Energy Inc.
NASDAQ:AEC
|
$72.43 Million |
|
Shanghai Hi-Road Food Technology Co. Ltd.
SHE:300915
|
$72.43 Million |
|
Leo Systems
TWO:5410
|
$72.40 Million |
|
Next Vision Stabilized Systems
TA:NXSN
|
$72.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MSP Steel & Power Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,823,363,000 to 9,790,204,000, a change of 3,966,841,000 (68.1%).
- Net loss of 283,548,000 reduced equity.
- Other comprehensive income decreased equity by 2,230,598,001.
- Other factors increased equity by 6,480,987,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-283.55 Million | -2.9% |
| Other Comprehensive Income | ₹-2.23 Billion | -22.78% |
| Other Changes | ₹6.48 Billion | +66.2% |
| Total Change | ₹- | 68.12% |
Book Value vs Market Value Analysis
This analysis compares MSP Steel & Power Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.61x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹11.72 | ₹30.61 | x |
| 2007-03-31 | ₹14.32 | ₹30.61 | x |
| 2008-03-31 | ₹22.35 | ₹30.61 | x |
| 2009-03-31 | ₹29.13 | ₹30.61 | x |
| 2010-03-31 | ₹38.46 | ₹30.61 | x |
| 2011-03-31 | ₹55.06 | ₹30.61 | x |
| 2012-03-31 | ₹65.91 | ₹30.61 | x |
| 2013-03-31 | ₹102.48 | ₹30.61 | x |
| 2014-03-31 | ₹83.42 | ₹30.61 | x |
| 2015-03-31 | ₹71.35 | ₹30.61 | x |
| 2016-03-31 | ₹62.30 | ₹30.61 | x |
| 2017-03-31 | ₹48.05 | ₹30.61 | x |
| 2018-03-31 | ₹70.94 | ₹30.61 | x |
| 2019-03-31 | ₹17.13 | ₹30.61 | x |
| 2020-03-31 | ₹15.41 | ₹30.61 | x |
| 2021-03-31 | ₹15.36 | ₹30.61 | x |
| 2022-03-31 | ₹14.85 | ₹30.61 | x |
| 2023-03-31 | ₹14.79 | ₹30.61 | x |
| 2024-03-31 | ₹13.98 | ₹30.61 | x |
| 2025-03-31 | ₹21.45 | ₹30.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MSP Steel & Power Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.98%
- • Asset Turnover: 1.89x
- • Equity Multiplier: 1.57x
- Recent ROE (-2.90%) is below the historical average (1.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.70% | 1.27% | 0.49x | 2.71x | ₹-52.32 Million |
| 2007 | 24.25% | 9.59% | 0.97x | 2.60x | ₹118.59 Million |
| 2008 | 35.93% | 12.94% | 0.89x | 3.13x | ₹336.76 Million |
| 2009 | 23.57% | 9.86% | 0.84x | 2.85x | ₹229.67 Million |
| 2010 | 14.33% | 8.24% | 0.50x | 3.46x | ₹96.80 Million |
| 2011 | 15.69% | 10.51% | 0.42x | 3.56x | ₹181.89 Million |
| 2012 | 6.76% | 3.74% | 0.44x | 4.10x | ₹-124.89 Million |
| 2013 | 2.89% | 2.18% | 0.45x | 2.97x | ₹-496.00 Million |
| 2014 | 2.96% | 1.79% | 0.56x | 2.98x | ₹-506.11 Million |
| 2015 | -16.84% | -9.48% | 0.54x | 3.30x | ₹-1.65 Billion |
| 2016 | -33.24% | -20.17% | 0.51x | 3.23x | ₹-2.37 Billion |
| 2017 | -22.14% | -11.09% | 0.47x | 4.24x | ₹-1.36 Billion |
| 2018 | -8.16% | -4.82% | 0.65x | 2.62x | ₹-1.24 Billion |
| 2019 | -3.10% | -1.24% | 0.97x | 2.55x | ₹-871.46 Million |
| 2020 | -12.76% | -5.04% | 0.87x | 2.93x | ₹-1.35 Billion |
| 2021 | 0.83% | 0.28% | 1.14x | 2.55x | ₹-543.09 Million |
| 2022 | 4.16% | 1.10% | 1.34x | 2.83x | ₹-361.38 Million |
| 2023 | -8.87% | -2.00% | 1.54x | 2.89x | ₹-1.08 Billion |
| 2024 | 2.47% | 0.50% | 1.75x | 2.81x | ₹-438.75 Million |
| 2025 | -2.90% | -0.98% | 1.89x | 1.57x | ₹-1.26 Billion |
Industry Comparison
This section compares MSP Steel & Power Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,231,234,800
- Average return on equity (ROE) among peers: 14.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MSP Steel & Power Limited (MSPL) | ₹9.13 Billion | 1.70% | 0.65x | $72.46 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $4.99 Billion | 10.25% | 2.32x | $741.37K |
| APL Apollo Tubes Limited (APLAPOLLO) | $3.68 Billion | 18.67% | 1.71x | $4.13 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $130.00K | 82.31% | 812.99x | $1.77 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $87.42 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.32 Billion | 0.82% | 2.32x | $7.76 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $4.35 Billion | -3.86% | 0.72x | $65.42 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.93 Billion | 0.00% | 0.00x | $30.34 Million |
| Gallantt Ispat Limited (GALLANTT) | $2.82 Billion | 12.06% | 0.51x | $332.04 Million |
| Grand Foundry Limited (GFSTEELS) | $-34.32 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $11.51 Billion | 11.49% | 0.77x | $164.92 Million |