Aankondiging • Aug 04
Modern Steels Limited to Report Q1, 2027 Results on Aug 11, 2026 Modern Steels Limited announced that they will report Q1, 2027 results on Aug 11, 2026 New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 55% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m (₹20m revenue, or US$210k). Market cap is less than US$10m (₹186.5m market cap, or US$1.95m). Aankondiging • May 13
Modern Steels Limited to Report Q4, 2026 Results on May 22, 2026 Modern Steels Limited announced that they will report Q4, 2026 results on May 22, 2026 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹10.89, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 19x in the Metals and Mining industry in India. Total loss to shareholders of 19% over the past three years. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (₹190.5m market cap, or US$2.09m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Aankondiging • Feb 03
Modern Steels Limited to Report Q4, 2026 Results on Feb 14, 2026 Modern Steels Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹15.45, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 4.0% over the past three years. Aankondiging • Nov 03
Modern Steels Limited to Report Q2, 2026 Results on Nov 10, 2025 Modern Steels Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 10, 2025 Aankondiging • Aug 02
Modern Steels Limited to Report Q1, 2026 Results on Aug 11, 2025 Modern Steels Limited announced that they will report Q1, 2026 results on Aug 11, 2025 New Risk • Jul 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (₹239.9m market cap, or US$2.80m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹19.49, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 7.1% over the past three years. Aankondiging • May 27
Modern Steels Limited, Annual General Meeting, Jun 27, 2025 Modern Steels Limited, Annual General Meeting, Jun 27, 2025, at 14:00 Indian Standard Time. Aankondiging • May 20
Modern Steels Limited to Report Q4, 2025 Results on May 27, 2025 Modern Steels Limited announced that they will report Q4, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹17.56, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹16.80, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 9.8% over the past three years. Aankondiging • Nov 02
Modern Steels Limited to Report Q2, 2025 Results on Nov 11, 2024 Modern Steels Limited announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Sep 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (₹377.5m market cap, or US$4.51m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹22.86, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 472% over the past three years. Aankondiging • Aug 12
Modern Steels Limited, Annual General Meeting, Sep 27, 2024 Modern Steels Limited, Annual General Meeting, Sep 27, 2024, at 14:00 Indian Standard Time. Aankondiging • Aug 02
Modern Steels Limited to Report Q1, 2025 Results on Aug 10, 2024 Modern Steels Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 10, 2024 Aankondiging • May 11
Modern Steels Limited to Report Q4, 2024 Results on May 18, 2024 Modern Steels Limited announced that they will report Q4, 2024 results at 3:30 PM, Indian Standard Time on May 18, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹21.70, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 544% over the past three years. New Risk • Feb 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (₹363.6m market cap, or US$4.38m). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹26.83, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 524% over the past three years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 54% After last week's 54% share price gain to ₹28.22, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 593% over the past three years. New Risk • Nov 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 127% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (127% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (₹249.1m market cap, or US$2.99m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (-1,343% net profit margin). Aankondiging • Nov 01
Modern Steels Limited to Report Q2, 2024 Results on Nov 08, 2023 Modern Steels Limited announced that they will report Q2, 2024 results on Nov 08, 2023 New Risk • Oct 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (₹261.2m market cap, or US$3.14m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹20.94, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 19x in the Metals and Mining industry in India. Total returns to shareholders of 395% over the past three years. New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (139% accrual ratio). Revenue is less than US$1m (₹1.6m revenue, or US$19k). Market cap is less than US$10m (₹214.6m market cap, or US$2.59m). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Aankondiging • Aug 12
Modern Steels Limited, Annual General Meeting, Sep 27, 2023 Modern Steels Limited, Annual General Meeting, Sep 27, 2023, at 14:00 Indian Standard Time. Aankondiging • Jul 30
Modern Steels Limited to Report Q1, 2024 Results on Aug 11, 2023 Modern Steels Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Aankondiging • May 06
Modern Steels Limited to Report Q4, 2023 Results on May 12, 2023 Modern Steels Limited announced that they will report Q4, 2023 results on May 12, 2023 Aankondiging • Feb 04
Modern Steels Limited to Report Q3, 2023 Results on Feb 14, 2023 Modern Steels Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 14, 2023 Aankondiging • Nov 04
Modern Steels Limited to Report Q2, 2023 Results on Nov 14, 2022 Modern Steels Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Oct 07
First quarter 2023 earnings released: ₹0.13 loss per share (vs ₹1.04 loss in 1Q 2022) First quarter 2023 results: ₹0.13 loss per share (improved from ₹1.04 loss in 1Q 2022). Net loss: ₹1.80m (loss narrowed 87% from 1Q 2022). Aankondiging • Aug 28
Modern Steels Limited, Annual General Meeting, Sep 30, 2022 Modern Steels Limited, Annual General Meeting, Sep 30, 2022, at 14:00 Indian Standard Time. Reported Earnings • Aug 18
Full year 2022 earnings released: EPS: ₹56.33 (vs ₹28.07 in FY 2021) Full year 2022 results: EPS: ₹56.33 (up from ₹28.07 in FY 2021). Revenue: ₹1.82b (up 118% from FY 2021). Net income: ₹775.3m (up 101% from FY 2021). Profit margin: 43% (down from 46% in FY 2021). The decrease in margin was driven by higher expenses. Aankondiging • Feb 15
Modern Steels Limited Appoints Ms. Deepa as Company Secretary and Compliance Officer Modern Steels Limited appointed Ms. Deepa as Company Secretary and Compliance Officer effective 14th February, 2022. Aankondiging • Feb 07
Arjas Modern Steel Private Limited completed the acquisition of All steel, heat treatment and auto component businesses of Modern Steels Limited from Modern Steels Limited (BSE:513303). Arjas Modern Steel Private Limited signed a definitive agreement to acquire All steel, heat treatment and auto component businesses of Modern Steels Limited for approximately INR 860 million on November 13, 2020. Arjas Modern Steel Private Limited will invest about INR 1.25 billion in the acquisition and bringing about some up gradation. The The transaction is approved by Modern steel board and will be fully consummated when all closing formalities are completed. The key approvals awaited are from MSL’s financial creditors and the National Company Law Tribunal. The transaction is expected to complete on march 15, 2020.
Arjas Modern Steel Private Limited completed the acquisition of All steel, heat treatment and auto component businesses of Modern Steels Limited from Modern Steels Limited (BSE:513303) on February 5, 2022. Aankondiging • Sep 25
Modern Steels Limited Announces Disruption of Operations at Steel Melting Shop at Plant at GT Road, Mandi Gobindgarh, Punjab Modern Steels Limited announced that the operations of Steel Melting Shop at plant at GT Road, Mandi Gobindgarh, Punjab have been disrupted due to damage of overhead shed. The company's team is working to restore the operations and expect to start shortly. The company further informed that the other sections of plant are operational. Executive Departure • May 21
GM of Secretarial, Company Secretary & Compliance Officer has left the company On the 11th of May, Ashish Sharma's tenure as GM of Secretarial, Company Secretary & Compliance Officer ended after 1.6 years in the role. We don't have any record of a personal shareholding under Ashish's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹7.65 loss per share (vs ₹5.79 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹233.3m (down 46% from 3Q 2020). Net loss: ₹105.3m (loss widened 32% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 44% per year. Aankondiging • Feb 03
Modern Steels Limited to Report Q3, 2021 Results on Feb 10, 2021 Modern Steels Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Feb 02
New 90-day low: ₹2.82 The company is down 27% from its price of ₹3.88 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 40% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: ₹3.33 The company is down 18% from its price of ₹4.05 on 15 October 2020. The Indian market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 48% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: ₹4.72 The company is up 9.0% from its price of ₹4.32 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 22% over the same period. Aankondiging • Nov 26
Modern Steels Limited, Annual General Meeting, Dec 28, 2020 Modern Steels Limited, Annual General Meeting, Dec 28, 2020, at 11:00 Indian Standard Time. Aankondiging • Nov 18
Arjas Modern Steel Private Limited signed an agreement to acquire All steel, heat treatment and auto component businesses of Modern Steels from Modern Steels Limited (BSE:513303) for approximately INR 860 million. Arjas Modern Steel Private Limited signed a definitive agreement to acquire All steel, heat treatment and auto component businesses of Modern Steels Limited for approximately INR 860 million on November 16, 2020. Arjas Modern Steel Private Limited will invest about INR 1.25 billion in the acquisition and bringing about some upgradation. The transaction will be fully consummated when all closing formalities are completed. The transaction is expected to be completed in two months. Is New 90 Day High Low • Oct 28
New 90-day low: ₹3.40 The company is down 50% from its price of ₹6.86 on 27 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Reported Earnings • Oct 16
First quarter earnings released Over the last 12 months the company has reported total losses of ₹562.1m, with losses widening by 265% from the prior year. Total revenue was ₹1.39b over the last 12 months, down 55% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day low: ₹3.85 The company is down 49% from its price of ₹7.59 on 08 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: ₹3.87 The company is down 53% from its price of ₹8.22 on 19 June 2020. The Indian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 26% over the same period.