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Modern Steels
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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 1991-92, the company co-promoted 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.
Modern Steels share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Modern Steels indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Modern Steels is valued compared to its competitors.
Modern Steels PE ratio helps investors understand what is the market value of each stock compared to Modern Steels 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Modern Steels evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Modern Steels generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Modern Steels in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Modern Steels shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Modern Steels compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Modern Steels over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Modern Steels helps investors get an insight into when they can enter or exit the stock. Key components of Modern Steels Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Modern Steels shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Modern Steels ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Modern Steels provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Modern Steels highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Modern Steels .
The balance sheet presents a snapshot of Modern Steels ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.