Modern Steels Ltd

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BUY

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

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
44.50% Fall from 52W High
-7.6
TTM PE Ratio
High in industry
52.4
Price to Book Ratio
Above industry Median
2.2
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-0.5
RSI
RSI is mid-range
40.2
MFI
MFI strongly Oversold
11

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
0
Bearish Moving Averages
16
5Day EMA
21.10
10Day EMA
21.50
12Day EMA
21.60
20Day EMA
21.80
26Day EMA
21.90
50Day EMA
22.20
100Day EMA
22.50
200Day EMA
21.60
5Day SMA
21.10
10Day SMA
21.80
20Day SMA
22.10
30Day SMA
21.90
50Day SMA
21.80
100Day SMA
23.50
150Day SMA
23.70
200Day SMA
22.00
Delivery & Volume
Resistance & Support
20.94
Pivot
Resistance
First Resistance
21.69
Second Resistance
22.63
Third Resistance
23.38
Support
First Support
20.00
Second support
19.25
Third Support
18.31
Relative Strength Index
40.15
Money Flow Index
11.02
MACD
-0.28
MACD Signal
-0.07
Average True Range
1.36
Average Directional Index
13.21
Rate of Change (21)
-6.45
Rate of Change (125)
-30.22
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Impex Ferro Tech Ltd.
33.77
2.62
6.53
Modern Steels Ltd.
-
-
-
Ashiana Ispat Ltd.
-
-
-
Bloom Industries Ltd.
-
-
-
Ahmedabad Steelcraft Ltd.
-
-
-
National General Industries Ltd.
-
-
-
Inducto Steel Ltd.
-
-
-

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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