MSP Steel & Power Limited (NSE:MSPL)

MSP Steel & Power Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	28,430	28,430	29,052	28,739	25,504	23,396
Revenue Growth	-2.14%	-2.14%	1.09%	12.68%	9.01%	35.77%
Gross Profit Gross Profit Growth	6,163	6,163	5,332	5,453	4,296	4,515
Operating Income Operating Income Growth	1,225	1,225	801.08	699.55	115	1,007
Net Income Net Income Growth	337.74	337.74	-283.55	143.59	-505.8	256.98
Earnings Per Share EPS Growth	0.56	0.56	-0.62	0.34	-1.31	0.62
EPS Growth	-	-	-	-	-	388.27%

Revenue by Geography

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	28,800	28,400	25,340	22,643
Export Export Growth	24.53	146.73	5.21	528.94
Total Total Growth	28,824	28,547	25,345	23,172

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	44.92	44.92	40.44	261.05	109.9	483.13
Total Debt Total Debt Growth	3,212	3,212	2,624	7,815	8,013	8,257
Net Cash (Debt) Net Cash Growth	-3,167	-3,167	-2,584	-7,554	-7,903	-7,774
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-5.25	-5.25	-5.62	-18.13	-20.51	-18.66

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	1,482	1,482	1,893	1,704	857.99	1,101
Capital Expenditures CapEx Growth	-593.92	-593.92	-324.51	-457	-537.35	-256.14
Free Cash Flow Free Cash Flow Growth	887.96	887.96	1,568	1,247	320.64	844.86
Free Cash Flow Growth	-43.38%	-43.38%	25.78%	288.87%	-62.05%	-51.47%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	21.68%	21.68%	18.35%	18.97%	16.85%	19.30%
Operating Margin	4.31%	4.31%	2.76%	2.43%	0.45%	4.30%
Pretax Margin	-0.83%	-0.83%	0.09%	0.72%	-2.24%	1.28%
Profit Margin	1.19%	1.19%	-0.98%	0.50%	-1.98%	1.10%
FCF Margin	3.12%	3.12%	5.40%	4.34%	1.26%	3.61%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	64.38	44.39	-	82.14	-	16.05
Forward PE	-	3.39	3.39	3.39	3.39	3.39
P/FCF Ratio	23.01	16.88	9.87	9.46	9.50	4.88
PS Ratio	0.72	0.53	0.53	0.41	0.12	0.18

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

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