Modern Steel Ltd.

Manufacturer of low-alloy and carbon-steel products for commercial and engineering vehicles, listed on BSE.

1973 | Punjab, Punjab (India) | Active
Last Updated:

Modern Steel Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 14.40 Cr
  • Company Age 51 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 529.44 Cr
  • Revenue Growth -89.21%
  • Profit Growth -82.15%
  • Ebitda -372.90%
  • Net Worth 1369.26%
  • Total Assets 124.17%

About Modern Steel

Modern Steel Ltd. (MSL) was founded in India on 19 November 1973 and has a glorious history of 51 years and three months. Its registered office is in Punjab, Punjab.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 513303.

The Corporate was formerly known as Modern Steels Ltd. The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 14.40 Cr.

The company has closed loans amounting to ₹529.44 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Modern Steel Ltd. India are Suresh Puri as CFO and Deepa as Company Secretary. Satish Kapoor, Krishan Goyal, Avtar Vashisht, and One other member serve as directors at the Company.

Company Details

  • Location Punjab, Punjab
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L27109PB1973PLC003358

  • Company No.

    003358

  • Stock Symbol

    BSE : 513303

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 Nov 1973

  • Date of AGM

    27 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Chandigarh

Industry

Metals and Minerals

What products or services does Modern Steel Ltd. offer?

Modern Steel Ltd. offers a wide range of products and services, including Industrial Furnaces & Ovens, Arc Furnaces, Industrial Steel, Alloy Steel, CNC Machined Components, Precision Machined Components, Machines & Equipments, Vacuum Based Machinery, Contract Employment & Staffing Firms, Staffing Service.

Who are the key members and board of directors at Modern Steel?

Executive Team (3)

NameDesignationAppointment DateStatus
Krishan Goyal Country flag representing In Managing Director01-May-2011Current
Suresh Puri CFO25-Jul-2022Current
Deepa Company Secretary14-Feb-2022Current

Board Members (3)

NameDesignationAppointment DateStatus
Satish Kapoor Country flag representing In Director 14-Oct-2020Current
Avtar Vashisht Country flag representing In Director 11-May-2021Current
Anupama Sharma Country flag representing In Director 11-Aug-2023Current

Financial Performance of Modern Steel.

Modern Steel Ltd., for the financial year ended 2023, experienced significant reduction in revenue, with a 89.21% decrease. The company also saw a substantial fall in profitability, with a 82.15% decrease in profit. The company's net worth Soared by an impressive increase of 1369.26%.

Modern Steel revenue growth over time
Modern Steel profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-89.21%
Revenue from Operations
Total Assets
124.17%
Profit or Loss
-82.15%
Net Worth
1369.26%
EBITDA
-372.90%

What is the Ownership and Shareholding Structure of Modern Steel?

In 2022, Modern Steel had a promoter holding of 65.53% and a public holding of 34.46%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹529.44 Cr

Charges 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

DateLenderAmountStatus
25 Jul 2013Others₹74.60 CrSatisfied
30 Mar 2013Punjab National Bank₹2.52 CrSatisfied
30 Mar 2013Punjab National Bank₹10.00 CrSatisfied
30 Mar 2013Punjab National Bank₹10.00 CrSatisfied
30 Mar 2013Punjab National Bank₹10.00 CrSatisfied

How Many Employees Work at Modern Steel?

Modern Steel has a workforce of 679 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Modern Steel Ltd.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Modern Steel, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Modern Steel's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Modern Steel

Recent activity within the organization

  • Annual General Meeting

    Modern Steel Ltd. last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.

  • Director Appointment

    Anupama Sharma was appointed as a Director was appointed as a Director on 11 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Balance Sheet

    Modern Steel Ltd. has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

  • Director Appointment

    Suresh Kumar Puri was appointed as a Cfo was appointed as a Cfo on 25 Jul 2022 & has been associated with this company since 2 years 7 months .

  • 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.

Frequently asked questions

  • What is the Incorporation or founding date of Modern Steel Ltd.?

    Modern Steel Ltd. was incorporated on 19 Nov 1973.

  • What is authorized share capital and paid-up capital of Modern Steel Ltd.?

    The authorized share capital of Modern Steel Ltd. is ₹ 25.00 Cr and paid-up capital is ₹ 14.40 Cr.

  • Who are the current board members & directors of Modern Steel Ltd.?

    Currently 6 directors are associated with Modern Steel Ltd..

    • Satish Kumar Kapoor
    • Krishan Kumar Goyal
    • Avtar Krishan Vashisht
    • Anupama Sharma
    • Suresh Kumar Puri
    • Deepa

  • What is the registered address of Modern Steel Ltd.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Modern Steel Ltd. is G T Roadmandi Gobindgarh India, Punjab.

  • What is the corporate identification number (CIN) and company number of Modern Steel Ltd.?

    The corporate identification number (CIN) of Modern Steel Ltd. is L27109PB1973PLC003358 and the company number is 003358 as per Ministry of Corporate Affairs (MCA).

  • Is Modern Steel Ltd. registered with any stock exchange in India?

    Yes, Modern Steel Ltd. is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Modern Steel Ltd.?

    The Official website of Modern Steel Ltd. is https://www.modernsteels.com

  • What has been the recent revenue trend for Modern Steel Ltd.?

    According to the financial reports for the fiscal year 2023, the revenue trend for Modern Steel Ltd. has fallen by -89.21%.

  • How many employees does Modern Steel Ltd. currently have?

    As Per 2023 financial reports, 679 employees are currently employed by Modern Steel Ltd..

  • What change has been observed in the net worth of Modern Steel Ltd., and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Modern Steel Ltd. has experienced an upsurge of 1369.26%.

  • When was the last Balance Sheet of Modern Steel Ltd. filed with the ROC?

    The most recent Balance Sheet for Modern Steel Ltd. was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Steel Manufacturing & Processing