MSP Steel & Power Limited Net Assets
MSP Steel & Power Limited net assets. Based on the latest financial reports, MSP Steel & Power Limited (MSPL) has net assets worth Rs10.30 Billion INR (≈ $111.44 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs17.28 Billion ≈ $186.83 Million USD) and total liabilities (Rs6.97 Billion ≈ $75.39 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. Also explore how fast is MSP Steel & Power Limited growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs10.30 Billion |
| % of Total Assets | 59.65% |
| Annual Growth Rate | 14.99% |
| 5-Year Change | 66.56% |
| 10-Year Change | 143.41% |
| Growth Volatility | 29.43 |
Net Assets of MSP Steel & Power Limited (2006–2026)
Net assets of MSP Steel & Power Limited from 2006 to 2026. This chart illustrates how MSP Steel & Power Limited's net assets have evolved over time, based on quarterly financial data. See MSPL equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for MSP Steel & Power Limited (2006–2026)
The table below shows the annual net assets of MSP Steel & Power Limited from 2006 to 2026. For live market cap and overall valuation, see MSP Steel & Power Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs10.30 Billion ≈ $111.44 Million |
+5.23% |
| 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 |
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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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
MSP Steel & Power Limited Net Assets Breakdown (March 2026)
MSP Steel & Power Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs5.67 Billion | 55.02% |
| Other Comprehensive Income | Rs4.63 Billion | 44.98% |
| Other Components | Rs1.00 | 0.00% |
| Total Equity | Rs10.30 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 |
|---|---|
|
Solarius Capital Acquisition Corp.
NASDAQ:SOCA
|
$183.73 Million |
|
Movano Inc
NASDAQ:MOVE
|
$183.78 Million |
|
Entrada Therapeutics Inc
NASDAQ:TRDA
|
$183.78 Million |
|
Consumer Portfolio Services Inc
NASDAQ:CPSS
|
$183.79 Million |
|
Hyundai Corp
KO:011760
|
$183.55 Million |
|
ZongTai Real Estate Development Co Ltd
TW:3056
|
$183.54 Million |
|
Shandong Huapeng Glass Co Ltd
SHG:603021
|
$183.53 Million |
|
Gwangjushinseg
KO:037710
|
$183.49 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 2025 to 2026, total equity changed from 9,790,204,000 to 10,302,123,000, a change of 511,919,000 (5.2%).
- Net income of 337,739,000 contributed positively to equity growth.
- New share issuances of 245,000,000 increased equity.
- Other comprehensive income increased equity by 3,964,328,000.
- Other factors decreased equity by 4,035,148,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs337.74 Million | +3.28% |
| Share Issuances | Rs245.00 Million | +2.38% |
| Other Comprehensive Income | Rs3.96 Billion | +38.48% |
| Other Changes | Rs-4.04 Billion | -39.17% |
| Total Change | Rs- | 5.23% |
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: 1.75x
- 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 2.56x to 1.75x 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 | Rs29.96 | x |
| 2007-03-31 | Rs14.32 | Rs29.96 | x |
| 2008-03-31 | Rs22.35 | Rs29.96 | x |
| 2009-03-31 | Rs29.13 | Rs29.96 | x |
| 2010-03-31 | Rs38.46 | Rs29.96 | x |
| 2011-03-31 | Rs55.06 | Rs29.96 | x |
| 2012-03-31 | Rs65.91 | Rs29.96 | x |
| 2013-03-31 | Rs102.48 | Rs29.96 | x |
| 2014-03-31 | Rs83.42 | Rs29.96 | x |
| 2015-03-31 | Rs71.35 | Rs29.96 | x |
| 2016-03-31 | Rs62.30 | Rs29.96 | x |
| 2017-03-31 | Rs48.05 | Rs29.96 | x |
| 2018-03-31 | Rs70.94 | Rs29.96 | x |
| 2019-03-31 | Rs17.13 | Rs29.96 | x |
| 2020-03-31 | Rs15.41 | Rs29.96 | x |
| 2021-03-31 | Rs15.36 | Rs29.96 | x |
| 2022-03-31 | Rs14.85 | Rs29.96 | x |
| 2023-03-31 | Rs14.79 | Rs29.96 | x |
| 2024-03-31 | Rs13.98 | Rs29.96 | x |
| 2025-03-31 | Rs21.45 | Rs29.96 | x |
| 2026-03-31 | Rs17.08 | Rs29.96 | 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): 3.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.19%
- • Asset Turnover: 1.65x
- • Equity Multiplier: 1.68x
- Recent ROE (3.28%) is above the historical average (1.47%), indicating improving 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 |
| 2026 | 3.28% | 1.19% | 1.65x | 1.68x | Rs-692.47 Million |
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: $1,040,938,729
- Average return on equity (ROE) among peers: 0.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MSP Steel & Power Limited (MSPL) | Rs10.30 Billion | 1.70% | 0.68x | $183.65 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $-7.34 Billion | 0.00% | 0.00x | $3.13 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $18.33 Billion | 19.65% | 0.85x | $6.46 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.23 Billion | 25.69% | 2.12x | $101.62 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $669.63 Million | -78.16% | 9.03x | $37.49 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.40 Billion | 1.17% | 3.29x | $117.24 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.82 Billion | 0.00% | 0.00x | $81.89 Million |
| Grand Foundry Limited (GFSTEELS) | $-56.35 Million | 0.00% | 0.00x | $12.74 Million |
| Goodluck India Limited (GOODLUCK) | $786.55 Million | 20.98% | 2.40x | $184.94 Million |
| Godawari Power And Ispat limited (GPIL) | $5.08 Billion | 11.02% | 1.22x | $1.35 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $133.09 Million | 4.92% | 1.35x | $109.68 Million |
About 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