Modern Steel Ltd. - metals and minerals in Punjab, India. FY 2026 financials & compliance.
CIN L27109PB1973PLC003358 Incorporated 19 November 1973 ROC Chandigarh HQ Punjab, India
Active Listed - BSE: 513303 Public Limited Company metals and minerals MSME · Micro
Data last updated
Market Cap
₹18.47 Cr
MDRNSTL · BSE
Share Price
₹12.21
-9.02% today
EBITDA
−₹0.94 Cr
FY 2025-26
Net Profit
₹1.06 Cr
FY 2025-26 · -76.1% YoY
P/E (TTM)
16.1x
P/B 1.1x
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹13.76 Cr
Issued & subscribed
Satisfied charges
₹529.44 Cr
No open charges

About Modern Steel Ltd.

Data last updated:

Modern Steel Ltd. is a public limited company based in Punjab, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 19 November 1973 and has been in existence for over 53 years.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L27109PB1973PLC003358. It is a listed company as per MCA records. Its shares are listed on BSE: 513303.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹13.76 Cr. It was formerly known as Modern Steels Ltd and Modern Steels Private Ltd. It is led by directors including Krishan Kumar Goyal (Managing Director) and Satish Kumar Kapoor.

Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at G T Roadmandi Gobindgarh, Punjab, India.

The company has about 679 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Modern Steels. As per MCA filings, the company has satisfied charges of ₹529.44 Cr on record. Court records list 107 cases involving the company, including 37 filed by the company and 71 filed against it; 7 cases are pending. The company has 15 deals on record (14 market trades, 1 acquisition); the latest was in November 2023. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Shriyam Steel Private Limited with revenue of ₹5.51 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 1 micro and small supplier.

Modern Steel Ltd. is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-05-0003080). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modernsteels.com.

Company details

CIN L27109PB1973PLC003358
Registration Number 003358
Incorporation Date 19 November 1973
ROC Chandigarh
Listing Status Listed - Listed on BSE (513303)
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-PB-05-0003080

Name history

Modern Steel has undergone 2 name changes throughout its history. The company was previously known as Modern Steels Ltd, and Modern Steels Private Ltd. The current legal name is Modern Steel Ltd..

Company NameStatus
Modern Steel Ltd.Current
Modern Steels LtdPrevious
Modern Steels Private LtdPrevious

CIN history

Modern Steel has one previous CIN (Corporate Identification Number): U27109PB1973PLC003358. The current CIN is L27109PB1973PLC003358, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27109PB1973PLC003358Current
U27109PB1973PLC003358Previous

Recognitions & Rankings of Modern Steel

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-PB-05-0003080

Contact details

Modern Steel Ltd.'s registered office is in Punjab. Its website is modernsteels.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    G T Roadmandi Gobindgarh, Punjab, India
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Modern Steel Ltd., buy the company report.

Comprehensive company report
Modern Steel Ltd. - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Modern Steel operates one associated brand: Modern Steels. Each brand links to its own profile.

BrandDescriptionWebsite
Steel alloys and bars are manufactured by Modern Steels.modernsteels.com

Financials of Modern Steel Ltd.

FY 2025-26 filings available

Modern Steel Ltd. reported revenue of ₹- for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹0.00 Cr
EBITDA
−₹0.94 Cr
+10.5% YoY
Profit After Tax
₹1.06 Cr
-76.1% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.000.000.000.0010283.53211
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 tax1.064.440.5713.8476.13(22.50)(50.78)
Net profit1.064.440.5718.9076.13(22.50)(50.78)
Net profit margin----+74.6%-26.9%-24.0%
EPS (₹)0.773.220.4210.0555.30(16.35)(36.90)
Balance sheet
Total assets-18.0413.6014.096.03(23.46)69.36
Net worth-17.8413.4012.83(1.00)(78.51)(118)
Total debt-0.200.201.277.0452.86185
Cash & bank-0.050.980.520.410.120.20
Net working capital-4.5513.5214.015.94(79.45)9.17
Cash flow
Cash from operations-3.633.270.34(3.31)1331.29
Cash from investing-(4.56)(1.73)0.0052.47(0.44)0.07
Cash from financing-0.00(1.07)(0.24)(48.87)(132)(2.27)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.000.000.000.000.000.000.000.00
Other income0.630.580.930.300.310.474.820.23
Total expenses0.270.220.260.200.230.240.290.25
EBITDA(0.27)(0.22)(0.26)(0.20)(0.23)(0.24)(0.29)(0.25)
Depreciation0.000.000.010.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.360.360.660.100.080.234.53(0.02)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.000.000.000.000.000.000.000.00
Other income0.630.580.930.300.310.474.820.23
Total expenses0.270.220.260.200.230.240.290.25
EBITDA(0.27)(0.22)(0.26)(0.20)(0.23)(0.24)(0.29)(0.25)
Depreciation0.000.000.010.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.360.360.660.100.080.234.53(0.02)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.000.000.000.0010283.53211
Revenue growth----100.0%+22.2%-60.5%-
Other income2.015.491.8719.6880.383.710.38
Total expenses0.941.051.305.60102104257
Employee cost0.000.420.370.1015.0520.2323.54
EBITDA(0.94)(1.05)(1.30)(5.60)0.20(20.88)(45.91)
EBITDA margin----+0.2%-25.0%-21.7%
Depreciation0.010.000.000.003.594.874.86
Interest0.000.000.000.240.860.460.39
Profit before tax1.064.440.5713.8476.13(22.50)(50.78)
Tax0.000.000.000.000.000.000.00
Net profit1.064.440.5718.9076.13(22.50)(50.78)
Net profit margin----+74.6%-26.9%-24.0%
EPS (₹)0.773.220.4210.0555.30(16.35)(36.90)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-13.7713.7713.7713.7713.7613.76
Reserves & surplus-3.43(1.01)(1.58)(15.41)(92.91)(132)
Shareholders' funds (net worth)-17.8413.4012.83(1.00)(78.51)(118)
Secured loans-0.000.000.000.000.00182
Unsecured loans-0.200.201.277.0452.862.47
Total debt-0.200.201.277.0452.86185
Total liabilities-18.0413.6014.096.03(23.46)69.36
Assets
Gross block-0.480.480.480.48133134
Net block-0.060.060.060.0649.9954.57
Capital work in progress-0.000.000.000.000.670.28
Investments-0.030.030.030.030.030.03
Inventories-0.000.000.000.0016.5219.78
Sundry debtors-0.320.000.000.0014.1425.17
Cash & bank balances-0.050.980.520.410.120.20
Loans & advances-4.9412.8513.685.878.297.33
Total current assets-5.3113.8314.206.2839.0752.48
Total current liabilities-0.760.310.190.3411943.31
Net working capital-4.5513.5214.015.94(79.45)9.17
Total assets-18.0413.6014.096.03(23.46)69.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-0.980.520.410.130.201.11
Net cash from operating activities-3.633.270.34(3.31)1331.29
Net cash from investing activities-(4.56)(1.73)0.0052.47(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)0.460.100.29(0.08)(0.91)
Closing cash-0.050.980.520.410.120.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-0.010.060.700.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover0.000.000.00-4.29-25.37-1.79-0.77
Efficiency & per share
Fixed asset turnover-0.000.000.001.530.631.58
Inventory turnover-0.000.000.0012.354.606.95
Debtors turnover-0.000.000.0014.434.255.20
EPS (₹)0.773.220.4210.0555.30(16.35)(36.90)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0012.499.278.85(1.20)(57.52)(85.94)

To see the full year-wise statements and ratios of Modern Steel Ltd., buy the company report.

Board of directors of Modern Steel Ltd.

Modern Steel has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Krishan Kumar GoyalManaging Director01 May 201115 Years 5 MonthsCurrent
Satish Kumar KapoorDirector14 Oct 20206 Years 0 MonthsCurrent
Avtar Krishan VashishtDirector11 May 20215 Years 5 MonthsCurrent
Anupama SharmaDirector11 Aug 20233 Years 2 MonthsCurrent

Peer comparison

Modern Steel Ltd. is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Shriyam Steel Private Limited₹5.51 Cr (FY 2024)14.0%Ahmedabad, Gujarat, India
Banga Iron and Steel Private Limited₹5.5 Cr (FY 2025)-66.0%Ahmedabad, Gujarat, India
Rupam Steel Pvt Ltd₹5.5 Cr (FY 2025)27.0%Rajkot, Gujarat, India
Mahamaya Casting Private Limited₹5.5 Cr (FY 2025)-84.0%Delhi, India
Muni Subhrat Nath Steels Private Limited₹5.49 Cr (FY 2024)16.0%Ajmer, Rajasthan, India
Sri Ramji Steel Building Solutions Private Limited₹5.49 Cr (FY 2024)66.0%Arupukottai, Tamil Nadu, India
RBJ Steel Private Limited₹5.48 Cr (FY 2024)-30.0%Chandigarh, India
Sitakant Bright Steel Private Limited₹5.46 Cr (FY 2024)-5.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Modern Steel Ltd., buy the company report.

Auditor

Modern Steel Ltd. is audited by APT & CO LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
APT & CO LLPFY 2024015935N

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 65.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 34.50%.

Promoters: 65.50%Retail & Others: 34.50%
Mar 2026
QUARTER
65.50% Promoters
34.50% Retail & Others
Promoter holding - history
Now 65.50% · Mar 2026High 65.50% · Jun 2025Low 65.50% · Jun 2025
64%64.8%65.5%66.3%67%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 65.50%Sep 2025: 65.50%Dec 2025: 65.50%Mar 2026: 65.50%65.50%65.50%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters65.50%65.50%65.50%65.50%
Public34.50%34.50%34.50%34.50%

Charges & borrowings

Open charges
None
Satisfied charges
₹529.44 Cr
Breakdown by lending institutions
Others₹420.45 Cr
Punjab National Bank₹74.39 Cr
Punjab & Sind Bank₹21.60 Cr
Industrial Development Bank of India₹7.50 Cr
The Industrial Credit & Investment Corp. of Ind. Ltd₹2.50 Cr
Others₹3.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Jul 201310447444Others₹74.6 CrSatisfied
30 Mar 201310422229Punjab National Bank₹2.52 CrSatisfied
30 Mar 201310422381Punjab National Bank₹10 CrSatisfied
30 Mar 201310422444Punjab National Bank₹10 CrSatisfied
30 Mar 201310422520Punjab National Bank₹10 CrSatisfied

To see the full charge records of Modern Steel Ltd., buy the company report.

Total charge records: 31 View all charges

Deals & funding

Modern Steel Ltd. has 15 deals on record (14 market trades, 1 acquisition); the latest was in November 2023.

Total deals
15
Market trades
14
Acquisition
1

Deals on record (5 of 15)

WhenDealAmountParties
Nov 2023Market trade₹24.9 LakhSeller: an individual
Nov 2020Acquisition₹86 CrBuyer: Arjas Modern Steel Private Limited
Mar 2011Market trade₹1.52 CrBuyer: 2 individuals
Seller: an individual
Feb 2011Market trade₹67.1 LakhBuyer: an individual
Jan 2011Market trade₹71.2 LakhBuyer: an individual

To see the full deal history of Modern Steel Ltd., buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Modern Steel Ltd. was last rated by Crisil on 30 Jul 2020.

Rating agencyRated onRating
Crisil30 Jul 2020

To see the full credit ratings and regulatory alerts of Modern Steel Ltd., buy the company report.

MSME payment delays

Modern Steel Ltd. has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (1 of 1)

SupplierAmount dueDue sinceReported on
Amar Trades Ltd

To see the full MSME payment records of Modern Steel Ltd., buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Modern Steel Ltd. has a workforce of 679 employees on its EPFO records as of Apr 13, 2025, across 1 active EPFO establishment.

Employee count
679
Active EPFO establishments
1
Employee growth
-18.88%

GST

No GST registration is on our record for Modern Steel Ltd.; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Modern Steel Ltd. has 34 board changes on record since 1973: 19 appointments and 15 cessations. The latest: Meena Sharma ceased to be Director on 27 Sep 2023.

Filing
Modern Steel Ltd. has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
AGM
Modern Steel Ltd. last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records.
Ceased
Meena Sharma ceased to be Director.
Appointed
Anupama Sharma was appointed as Director.
Charges
A charge registered on 30 Mar 2013 via Charge ID 10422229 with Punjab National Bank was fully satisfied on 29 Dec 2021.
Charges
A charge registered on 30 Mar 2013 via Charge ID 10422381 with Punjab National Bank was fully satisfied on 29 Dec 2021.
Charges
A charge registered on 30 Mar 2013 via Charge ID 10422444 with Punjab National Bank was fully satisfied on 29 Dec 2021.
Charges
A charge registered on 30 Mar 2013 via Charge ID 10422520 with Punjab National Bank was fully satisfied on 29 Dec 2021.
Charges
A charge registered on 11 Mar 2008 via Charge ID 10096751 with Punjab National Bank was fully satisfied on 29 Dec 2021.
Charges
A charge registered on 12 Sep 2007 via Charge ID 10075091 with Punjab National Bank was fully satisfied on 29 Dec 2021.
Charges
A charge registered on 23 Sep 2005 via Charge ID 80009431 with Punjab National Bank was fully satisfied on 29 Dec 2021.
Appointed
Avtar Krishan Vashisht was appointed as Director.

109 earlier events are in the company report.

Frequently asked questions

Modern Steel is an active public limited company based in Punjab, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 19 November 1973 (53+ years old) and is registered under CIN L27109PB1973PLC003358. Listed on BSE: 513303.

Modern Steel has 4 current directors:

The latest financial statements of Modern Steel on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.

The CIN (Corporate Identification Number) of Modern Steel is L27109PB1973PLC003358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Modern Steel is a listed company as per MCA records. Its shares are listed on BSE (code: 513303).

Modern Steel has 107 court cases on record: 37 filed by the company and 71 filed against it. 7 are pending. Most are in the district courts.

Modern Steel was incorporated on 19 November 1973, making it 53+ years old. It is registered with the Registrar of Companies, Chandigarh.

Modern Steel has 15 deals on record (14 market trades, 1 acquisition); the latest was in November 2023.

The peers of Modern Steel by revenue are Shriyam Steel Private Limited, Banga Iron and Steel Private Limited, Rupam Steel Pvt Ltd, Mahamaya Casting Private Limited, Muni Subhrat Nath Steels Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).

Meena Sharma ceased to be Director on 27 Sep 2023. Anupama Sharma was appointed as Director on 11 Aug 2023. Avtar Krishan Vashisht was appointed as Director on 11 May 2021. Modern Steel has 34 board changes on record in total.

Yes, Modern Steel is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-05-0003080).

Modern Steel has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 1 micro and small supplier. The latest return was filed on 30 May 2019.