MSP Steel & Power Limited (MSPL) - Net Assets

Latest as of September 2025: Rs9.13 Billion INR ≈ $98.73 Million USD

Based on the latest financial reports, MSP Steel & Power Limited (MSPL) has net assets worth Rs9.13 Billion INR (≈ $98.73 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs15.03 Billion ≈ $162.57 Million USD) and total liabilities (Rs5.90 Billion ≈ $63.85 Million USD). 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. Check how resilient are MSP Steel & Power Limited's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs9.13 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. Also explore balance sheet size of MSP Steel & Power Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see MSP Steel & Power Limited (MSPL) market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs9.79 Billion ≈ $105.91 Million	+68.08%
2024-03-31	Rs5.83 Billion ≈ $63.01 Million	+2.17%
2023-03-31	Rs5.70 Billion ≈ $61.67 Million	-7.83%
2022-03-31	Rs6.19 Billion ≈ $66.91 Million	+4.44%
2021-03-31	Rs5.92 Billion ≈ $64.06 Million	-0.34%
2020-03-31	Rs5.94 Billion ≈ $64.28 Million	-10.68%
2019-03-31	Rs6.65 Billion ≈ $71.96 Million	-2.54%
2018-03-31	Rs6.83 Billion ≈ $73.84 Million	+61.27%
2017-03-31	Rs4.23 Billion ≈ $45.78 Million	-22.87%
2016-03-31	Rs5.49 Billion ≈ $59.36 Million	-10.91%
2015-03-31	Rs6.16 Billion ≈ $66.62 Million	-16.65%
2014-03-31	Rs7.39 Billion ≈ $79.93 Million	+3.04%
2013-03-31	Rs7.17 Billion ≈ $77.58 Million	+76.90%
2012-03-31	Rs4.06 Billion ≈ $43.85 Million	+26.75%
2011-03-31	Rs3.20 Billion ≈ $34.60 Million	+43.17%
2010-03-31	Rs2.23 Billion ≈ $24.17 Million	+32.04%
2009-03-31	Rs1.69 Billion ≈ $18.30 Million	+30.32%
2008-03-31	Rs1.30 Billion ≈ $14.04 Million	+56.09%
2007-03-31	Rs831.98 Million ≈ $9.00 Million	+32.02%
2006-03-31	Rs630.20 Million ≈ $6.82 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	Rs5.67 Billion	57.89%
Other Comprehensive Income	Rs669.83 Million	6.84%
Other Components	Rs6.49 Billion	66.31%
Total Equity	Rs9.79 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
HUYA Inc F:HY5A	$217.69 Million
Prodware PA:ALPRO	$217.71 Million
Fursys KO:016800	$217.72 Million
Petronor E&P Ltd OL:PNOR	$217.81 Million
Darwin Precisions Corp TW:6120	$217.40 Million
Piedmont Lithium Inc AU:PLL	$217.40 Million
Samwha Electri KO:009470	$217.38 Million
Spok Holdings Inc NASDAQ:SPOK	$217.10 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	Rs-283.55 Million	-2.9%
Other Comprehensive Income	Rs-2.23 Billion	-22.78%
Other Changes	Rs6.48 Billion	+66.2%
Total Change	Rs-	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: 1.66x
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 3.03x to 1.66x 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	Rs11.72	Rs35.51	x
2007-03-31	Rs14.32	Rs35.51	x
2008-03-31	Rs22.35	Rs35.51	x
2009-03-31	Rs29.13	Rs35.51	x
2010-03-31	Rs38.46	Rs35.51	x
2011-03-31	Rs55.06	Rs35.51	x
2012-03-31	Rs65.91	Rs35.51	x
2013-03-31	Rs102.48	Rs35.51	x
2014-03-31	Rs83.42	Rs35.51	x
2015-03-31	Rs71.35	Rs35.51	x
2016-03-31	Rs62.30	Rs35.51	x
2017-03-31	Rs48.05	Rs35.51	x
2018-03-31	Rs70.94	Rs35.51	x
2019-03-31	Rs17.13	Rs35.51	x
2020-03-31	Rs15.41	Rs35.51	x
2021-03-31	Rs15.36	Rs35.51	x
2022-03-31	Rs14.85	Rs35.51	x
2023-03-31	Rs14.79	Rs35.51	x
2024-03-31	Rs13.98	Rs35.51	x
2025-03-31	Rs21.45	Rs35.51	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	Rs-52.32 Million
2007	24.25%	9.59%	0.97x	2.60x	Rs118.59 Million
2008	35.93%	12.94%	0.89x	3.13x	Rs336.76 Million
2009	23.57%	9.86%	0.84x	2.85x	Rs229.67 Million
2010	14.33%	8.24%	0.50x	3.46x	Rs96.80 Million
2011	15.69%	10.51%	0.42x	3.56x	Rs181.89 Million
2012	6.76%	3.74%	0.44x	4.10x	Rs-124.89 Million
2013	2.89%	2.18%	0.45x	2.97x	Rs-496.00 Million
2014	2.96%	1.79%	0.56x	2.98x	Rs-506.11 Million
2015	-16.84%	-9.48%	0.54x	3.30x	Rs-1.65 Billion
2016	-33.24%	-20.17%	0.51x	3.23x	Rs-2.37 Billion
2017	-22.14%	-11.09%	0.47x	4.24x	Rs-1.36 Billion
2018	-8.16%	-4.82%	0.65x	2.62x	Rs-1.24 Billion
2019	-3.10%	-1.24%	0.97x	2.55x	Rs-871.46 Million
2020	-12.76%	-5.04%	0.87x	2.93x	Rs-1.35 Billion
2021	0.83%	0.28%	1.14x	2.55x	Rs-543.09 Million
2022	4.16%	1.10%	1.34x	2.83x	Rs-361.38 Million
2023	-8.87%	-2.00%	1.54x	2.89x	Rs-1.08 Billion
2024	2.47%	0.50%	1.75x	2.81x	Rs-438.75 Million
2025	-2.90%	-0.98%	1.89x	1.57x	Rs-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: $2,407,957,405
Average return on equity (ROE) among peers: -187.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MSP Steel & Power Limited (MSPL)	Rs9.13 Billion	1.70%	0.65x	$217.67 Million
Ankit Metal & Power Limited (ANKITMETAL)	$-7.85 Billion	0.00%	0.00x	$2.44 Million
APL Apollo Tubes Limited (APLAPOLLO)	$18.33 Billion	19.65%	0.85x	$5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$2.23 Billion	25.69%	2.12x	$501.93 Million
Bedmutha Industries Limited (BEDMUTHA)	$1.27 Billion	-6.80%	3.37x	$38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$4.35 Billion	-3.86%	0.72x	$164.68 Million
Electrotherm (India) Limited (ELECTHERM)	$265.49 Million	-1960.00%	134.73x	$111.23 Million
Grand Foundry Limited (GFSTEELS)	$-49.54 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$490.54 Million	25.50%	2.98x	$451.00 Million
Godawari Power And Ispat limited (GPIL)	$4.56 Billion	13.49%	0.95x	$2.08 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$482.99 Million	16.37%	1.89x	$111.44 Million

About MSP Steel & Power Limited

NSE:MSPL India Steel

Market Cap

$217.67 Million

Rs20.13 Billion INR

Market Cap Rank

#16218 Global

#818 in India

Share Price

Rs35.51

Change (1 day)

-0.14%

52-Week Range

Rs24.34 - Rs40.66

All Time High

Rs63.19