About Modern Steels
Modern Steels is a publicly listed company based in Ludhiana (India) founded in 1973. Steel alloys and bars are manufactured by Modern Steels. The company has 679 employees. Its Indian entity Modern Steel Ltd. reported revenue of ₹2.01 Cr. Modern Steels offers products and services including Iron and Steel Products and Steel Processing Services. Its focus areas include Chemicals and Materials, Metals and Alloys and Steel.
Company details
Modern Steels was established in 1973 in Ludhiana, India, where operations focus on the production of steel alloys and bars. The company operates within the metals and mining sector, supplying materials for industrial applications. Key leadership includes Krishan Kumar Goyal as Managing Director. Products are developed and distributed from the primary facility in Punjab, supporting regional manufacturing needs.
- Headquarters Ludhiana, India
- Employees 679
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Website modernsteels.com
- Legal Name Modern Steels Ltd.
- Market Cap₹16.32 Cr
MDRNSTL · BSE
- Share Price₹11.80
-0.51% today
- EBITDA−₹0.94 Cr
FY 2025-26
- Net Profit₹1.06 Cr
FY 2025-26 · -76.1% YoY
- P/E (TTM)11.6x
P/B 0.9x
- Employee Count679
Associated legal entities of Modern Steels
Modern Steels operates through Modern Steel Ltd., a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Modern Steel Ltd. Listed CIN L27109PB1973PLC003358 | Active | 19 Nov 1973 | ₹2.0 Cr | 679 | 6 | View details |
Products & Services of Modern Steels
Modern Steels offers a comprehensive portfolio of products and services, including Iron and Steel Products and Steel Processing Services.
Iron and steel products are dealt in by Modern Steels for various applications.
Steel processing services are provided by Modern Steels to support industrial needs.
Board of directors of Modern Steel Ltd. (Modern Steels)
Modern Steel Ltd. is the primary company behind Modern Steels. The board of Modern Steel Ltd. currently have 4 directors; the longest-serving is Krishan Kumar Goyal, appointed in 2011. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishan Kumar Goyal DIN 00482035 | Managing Director | 01 May 2011 | 15 yrs 6 mo | Modern Steel Ltd. |
| Satish Kumar Kapoor DIN 00009122 | Director | 14 Oct 2020 | 6 yrs | Modern Steel Ltd. |
| Avtar Krishan Vashisht DIN 03323142 | Director | 11 May 2021 | 5 yrs 5 mo | Modern Steel Ltd. |
| Anupama Sharma DIN 10306038 | Director | 11 Aug 2023 | 3 yrs 2 mo | Modern Steel Ltd. |
People of Modern Steels
1 people are tracked at Modern Steels (1 in leadership); the tracked headcount is 679.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Modern Steels
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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IPO & Listings of Modern Steels
Modern Steels is a publicly listed company on the BSE with ticker symbol MDRNSTL in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date27 Sep 1990
- Listed onBSE: 513303
- Listed entityModern Steels Ltd.
- Exchange sectorNon-energy minerals
- ISININE001F01019
- Share price₹13.45 (-4.07% on the day) · 2026-10-14
- Market capitalisation₹19.3 Cr
- Price to earnings15.4
- EPS (diluted, trailing year)₹0.87
- Volume (last session)2,557
Financials of Modern Steels
Exchange-reported figures of Modern Steel Ltd., the listed company behind Modern Steels (BSE: MDRNSTL).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 102 | 83.53 | 211 |
| Revenue growth | - | - | - | -100.0% | +22.2% | -60.5% | - |
| EBITDA | (0.94) | (1.05) | (1.30) | (5.60) | 0.20 | (20.88) | (45.91) |
| EBITDA margin | - | - | - | - | +0.2% | -25.0% | -21.7% |
| Profit before tax | 1.06 | 4.44 | 0.57 | 13.84 | 76.13 | (22.50) | (50.78) |
| Net profit | 1.06 | 4.44 | 0.57 | 18.90 | 76.13 | (22.50) | (50.78) |
| Net profit margin | - | - | - | - | +74.6% | -26.9% | -24.0% |
| EPS (₹) | 0.77 | 3.22 | 0.42 | 10.05 | 55.30 | (16.35) | (36.90) |
| Balance sheet | |||||||
| Total assets | - | 18.04 | 13.60 | 14.09 | 6.03 | (23.46) | 69.36 |
| Net worth | - | 17.84 | 13.40 | 12.83 | (1.00) | (78.51) | (118) |
| Total debt | - | 0.20 | 0.20 | 1.27 | 7.04 | 52.86 | 185 |
| Cash & bank | - | 0.05 | 0.98 | 0.52 | 0.41 | 0.12 | 0.20 |
| Net working capital | - | 4.55 | 13.52 | 14.01 | 5.94 | (79.45) | 9.17 |
| Cash flow | |||||||
| Cash from operations | - | 3.63 | 3.27 | 0.34 | (3.31) | 133 | 1.29 |
| Cash from investing | - | (4.56) | (1.73) | 0.00 | 52.47 | (0.44) | 0.07 |
| Cash from financing | - | 0.00 | (1.07) | (0.24) | (48.87) | (132) | (2.27) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.63 | 0.58 | 0.93 | 0.30 | 0.31 | 0.47 | 4.82 | 0.23 |
| Total expenses | 0.27 | 0.22 | 0.26 | 0.20 | 0.23 | 0.24 | 0.29 | 0.25 |
| EBITDA | (0.27) | (0.22) | (0.26) | (0.20) | (0.23) | (0.24) | (0.29) | (0.25) |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.36 | 0.36 | 0.66 | 0.10 | 0.08 | 0.23 | 4.53 | (0.02) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.63 | 0.58 | 0.93 | 0.30 | 0.31 | 0.47 | 4.82 | 0.23 |
| Total expenses | 0.27 | 0.22 | 0.26 | 0.20 | 0.23 | 0.24 | 0.29 | 0.25 |
| EBITDA | (0.27) | (0.22) | (0.26) | (0.20) | (0.23) | (0.24) | (0.29) | (0.25) |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.36 | 0.36 | 0.66 | 0.10 | 0.08 | 0.23 | 4.53 | (0.02) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 102 | 83.53 | 211 |
| Revenue growth | - | - | - | -100.0% | +22.2% | -60.5% | - |
| Other income | 2.01 | 5.49 | 1.87 | 19.68 | 80.38 | 3.71 | 0.38 |
| Total expenses | 0.94 | 1.05 | 1.30 | 5.60 | 102 | 104 | 257 |
| Employee cost | 0.00 | 0.42 | 0.37 | 0.10 | 15.05 | 20.23 | 23.54 |
| EBITDA | (0.94) | (1.05) | (1.30) | (5.60) | 0.20 | (20.88) | (45.91) |
| EBITDA margin | - | - | - | - | +0.2% | -25.0% | -21.7% |
| Depreciation | 0.01 | 0.00 | 0.00 | 0.00 | 3.59 | 4.87 | 4.86 |
| Interest | 0.00 | 0.00 | 0.00 | 0.24 | 0.86 | 0.46 | 0.39 |
| Profit before tax | 1.06 | 4.44 | 0.57 | 13.84 | 76.13 | (22.50) | (50.78) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 1.06 | 4.44 | 0.57 | 18.90 | 76.13 | (22.50) | (50.78) |
| Net profit margin | - | - | - | - | +74.6% | -26.9% | -24.0% |
| EPS (₹) | 0.77 | 3.22 | 0.42 | 10.05 | 55.30 | (16.35) | (36.90) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 13.77 | 13.77 | 13.77 | 13.77 | 13.76 | 13.76 |
| Reserves & surplus | - | 3.43 | (1.01) | (1.58) | (15.41) | (92.91) | (132) |
| Shareholders' funds (net worth) | - | 17.84 | 13.40 | 12.83 | (1.00) | (78.51) | (118) |
| Secured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 182 |
| Unsecured loans | - | 0.20 | 0.20 | 1.27 | 7.04 | 52.86 | 2.47 |
| Total debt | - | 0.20 | 0.20 | 1.27 | 7.04 | 52.86 | 185 |
| Total liabilities | - | 18.04 | 13.60 | 14.09 | 6.03 | (23.46) | 69.36 |
| Assets | |||||||
| Gross block | - | 0.48 | 0.48 | 0.48 | 0.48 | 133 | 134 |
| Net block | - | 0.06 | 0.06 | 0.06 | 0.06 | 49.99 | 54.57 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.67 | 0.28 |
| Investments | - | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Inventories | - | 0.00 | 0.00 | 0.00 | 0.00 | 16.52 | 19.78 |
| Sundry debtors | - | 0.32 | 0.00 | 0.00 | 0.00 | 14.14 | 25.17 |
| Cash & bank balances | - | 0.05 | 0.98 | 0.52 | 0.41 | 0.12 | 0.20 |
| Loans & advances | - | 4.94 | 12.85 | 13.68 | 5.87 | 8.29 | 7.33 |
| Total current assets | - | 5.31 | 13.83 | 14.20 | 6.28 | 39.07 | 52.48 |
| Total current liabilities | - | 0.76 | 0.31 | 0.19 | 0.34 | 119 | 43.31 |
| Net working capital | - | 4.55 | 13.52 | 14.01 | 5.94 | (79.45) | 9.17 |
| Total assets | - | 18.04 | 13.60 | 14.09 | 6.03 | (23.46) | 69.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.98 | 0.52 | 0.41 | 0.13 | 0.20 | 1.11 |
| Net cash from operating activities | - | 3.63 | 3.27 | 0.34 | (3.31) | 133 | 1.29 |
| Net cash from investing activities | - | (4.56) | (1.73) | 0.00 | 52.47 | (0.44) | 0.07 |
| Net cash from financing activities | - | 0.00 | (1.07) | (0.24) | (48.87) | (132) | (2.27) |
| Net change in cash | - | (0.93) | 0.46 | 0.10 | 0.29 | (0.08) | (0.91) |
| Closing cash | - | 0.05 | 0.98 | 0.52 | 0.41 | 0.12 | 0.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | - | - | -100.0% | +22.2% | -60.5% | - |
| EBITDA growth | +10.5% | +19.2% | +76.8% | -2900.0% | +101.0% | +54.5% | - |
| PBT growth | -76.1% | +679.0% | -95.9% | -81.8% | +9998.0% | +55.7% | -101.4% |
| Net income growth | -76.1% | +679.0% | -97.0% | -75.2% | +438.4% | +55.7% | - |
| Revenue CAGR (3Y) | - | -100.0% | -100.0% | -100.0% | -31.8% | -39.4% | -12.4% |
| EBITDA CAGR (3Y) | -44.8% | - | -60.4% | -50.4% | - | -5.5% | - |
| Profitability & leverage | |||||||
| Net income margin | - | - | - | - | +74.6% | -26.9% | -24.0% |
| Return on capital employed | - | +8.4% | +1.1% | +33.6% | +423.4% | 0.0% | 0.0% |
| Return on net worth | - | +8.4% | +1.1% | +35.8% | -592.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.01 | 0.06 | 0.70 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | -4.29 | -25.37 | -1.79 | -0.77 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.00 | 0.00 | 1.53 | 0.63 | 1.58 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 12.35 | 4.60 | 6.95 |
| Debtors turnover | - | 0.00 | 0.00 | 0.00 | 14.43 | 4.25 | 5.20 |
| EPS (₹) | 0.77 | 3.22 | 0.42 | 10.05 | 55.30 | (16.35) | (36.90) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 12.49 | 9.27 | 8.85 | (1.20) | (57.52) | (85.94) |
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Frequently Asked Questions about Modern Steels
Modern Steels was founded in 1973.
Modern Steels is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.
Modern Steels has 679 employees.
The primary company behind Modern Steels, Modern Steel Ltd., reported revenue of ₹2.01 Cr for FY 2026, up 9997% year on year.
Modern Steels was established in 1973 in Ludhiana, India, where operations focus on the production of steel alloys and bars. The company operates within the metals and mining sector, supplying materials for industrial applications. Key leadership includes Krishan Kumar Goyal as Managing Director. Products are developed and distributed from the primary facility in Punjab, supporting regional manufacturing needs.
Modern Steels offers Iron and Steel Products and Steel Processing Services.
Yes, Modern Steels is publicly traded on BSE under the ticker symbol MDRNSTL.
Modern Steels operates through Modern Steel Ltd..
The legal entities of Modern Steels currently have 6 directors, including Krishan Kumar Goyal, Satish Kumar Kapoor, Avtar Krishan Vashisht and others.