Modern Steels Share Price

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MDRNSTL •
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Stock Performance
52 Week Low - High
Today’s Low - High

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Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
42.71% Fall from 52W High
12
TTM PE Ratio
High in industry
34.6
Price to Book Ratio
Above industry Median
2.4
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-0.4

Modern Steels Ltd shareholding Pattern

Promoter
65.5%
Public
34.4%
Promoter
65.5%
Public
34.4%
Promoter
65.5%
Public
34.4%
Promoter
65.5%
Public
34.4%
Promoter
65.5%
Public
34.4%
Promoter
65.5%
Public
34.4%

Modern Steels Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
20.80
10Day EMA
20.80
12Day EMA
20.80
20Day EMA
21.10
26Day EMA
21.20
50Day EMA
21.30
100Day EMA
21.20
200Day EMA
21.10
5Day SMA
20.80
10Day SMA
20.50
20Day SMA
21.00
30Day SMA
21.50
50Day SMA
21.90
100Day SMA
20.70
150Day SMA
21.00
200Day SMA
21.70
Delivery & Volume
Day
Combined Delivery Volume- 4211 Rs
NSE+BSE Traded Volume- 4211 Rs

Week
Combined Delivery Volume- 3530 Rs
NSE+BSE Traded Volume- 3530 Rs

Month
Combined Delivery Volume- 4732 Rs
NSE+BSE Traded Volume- 4732 Rs

Resistance & Support
21.17
Pivot
Resistance
First Resistance
21.83
Second Resistance
22.26
Third Resistance
22.92
Support
First Support
20.74
Second support
20.08
Third Support
19.65
Relative Strength Index
51.36
Money Flow Index
41.67
MACD
-0.37
MACD Signal
-0.43
Average True Range
1.42
Average Directional Index
15.03
Rate of Change (21)
-6.26
Rate of Change (125)
-3.52

Modern Steels Ltd Company background

Founded in: 1973
Managing director: Krishan Kumar Goyal
Incorporated in Nov. 73, Modern Steels Limited was formed with an object to manufacture carbon and alloy steel. It also has a rolling mill to convert billets into rolled products. While the melting capacity is 1 lac tpa, the rolling mill has a capacity of 50,000 tpa. The company was promoted by Amarjit Goyal, the Chairman and Krishan Kumar Goyal. The Company has a plant at Gobindgarh, in Punjab.In 199192, the company copromoted Modern Dairies to set up a dairy project at Karnal, Haryana, to process 3.2 lac ltr pd of milk at an estimated cost of Rs 13.56 cr. Commercial production of the new company commenced in 1993. It invested around Rs 100 lac in the equity capital of the new company.In 1995, Modern Steels increased the capacity of its rolled products from 30,000 tpa to 50,000 tpa.The Electro Magnetic Stirrers (EMS) was installed in year 2005. In 2006, the Company installed a Vacuum Degassing Plant of Denelli make in its melting shop. In addition, for the production of stainless steel a converter was installed and commissioned during the year. Post rolling facilities of peeling and grinding of bars commissioned during the year.In 2008, the Company installed commissioned 600 mm Rolling Mill to produce higher size Rolled Products. It commissioned its energy efficient Oxygen Plants. The Second Electric Arc Furnace (EAF) was commissioned on July 30, 2009. In 2012, it strengthened and modernized its production facilities in SMS and Rolling Mill.In 2014, the Company installed Gasifier Unit for production of gas for reheating furnaces in rolling mills and added heat treatment facility for alloy steel bars. It added bigger ingot casting facilities in the steel melting shop to diversify process route. Forge shop consisting of forging presses, hammer, heat treatment facilities along with finishing and inspection facilities were added. It also installed machining assembly lines for the manufacturing of auto steel components. In 2015, the Company commissioned and stabilized Auto Component Division along with Heat Treatment section. Further, it developed new grades in the tool and die segment. In year 2022, through the Business Transfer Agreement (BTA) executed between M/s Arjas Steel Pvt. Ltd./ M/s Arjas Modern Steel Pvt. Ltd. (Purchaser), Modern Steels Ltd. (Seller), Promoters (Mr. Krishan Kumar Goyal and Mr. Aditya Goyal). the Company was given operations of the plant to M/s Arjas Steel Pvt. Ltd. where they took control of the plant and operated till 05.01.2022. In terms of BTA, the Properties of the Unit in Mandi Gobindgarh, were transferred to Arjas Modern Steel Pvt. (Buyer) on Jan 05, 2022. Again, the Plant Machinery of the unit and other current assets and liabilities were also transferred to buyer under slump sale transaction, which concluded from the above said Date.
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