Last close · 16 Oct 2026
Rs 24.45 +9.99%
Financials
Metropolitan Steel Corporation Limited (MSCL) financials
11 years of annual results (FY2016 – FY2026), 28 quarters.
Metropolitan Steel Corporation Limited (MSCL) reported revenue of Rs 106.9 mn for FY2026 (Jul 2025 – Jun 2026), up 6.1% from FY2025.
It made a loss of Rs 18.7 mn attributable to shareholders (EPS Rs -0.60), a net margin of -17.5%.
No cash dividend was declared for FY2026.
The balance sheet showed net cash of Rs 5.3 mn.
Return on equity was -2.2%.
Over the last five years revenue grew at a compound 2.9% a year.
At Rs 24.45 (close on 16 Oct 2026) the shares trade at 0.92× book value.
Fundamentals
MSCL at a glance
Revenue · FY2026
Rs 106.9 mn
▲ 6.1% year on year
Profit attributable to shareholders · FY2026
-Rs 18.7 mn
EPS – basic (Rs) · FY2026
Rs -0.60
Dividend per share (Rs) · FY2026
Rs 0.00
Net margin · FY2026
-17.5%
-5.2 pts year on year
Debt to equity · FY2026
2.6%
+0.1 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 106.9 mn
- Profit attributable · FY2026
- -Rs 18.7 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 895.5 mn
- Equity · FY2026
- Rs 826.2 mn
Financial highlights
MSCL financial results
| Rs mn | FY2026 * Jul 2025 – Jun 2026 | FY2025 * Jul 2024 – Jun 2025 | FY2024 * Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 * Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 106.9 | 100.7 | 122.5 | 99.2 | 100.7 | 92.7 | 27.4 | 28.2 | 55.3 | 0.0 |
| Gross profit | (4.4) | (11.7) | (17.2) | (7.6) | (17.7) | 11.5 | (18.9) | (32.8) | (31.6) | (30.0) |
| Operating profit | (22.2) | (29.4) | (28.2) | (17.0) | (24.7) | 5.9 | (23.9) | (40.4) | (40.2) | (35.0) |
| Profit after tax | (18.7) | (12.4) | (23.3) | (13.0) | (79.9) | 1.8 | (16.7) | (18.6) | (16.9) | (31.7) |
| Profit attributable to shareholders | (18.7) | (12.4) | (23.3) | (13.0) | (79.9) | 1.8 | (16.7) | (18.6) | (16.9) | (31.7) |
| EPS – basic (Rs) Rs | (0.60) | (0.40) | (0.75) | (0.42) | (2.58) | 0.06 | (0.54) | (0.60) | (0.55) | (1.02) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 895.5 | 913.0 | 890.1 | 930.0 | 924.5 | 1,021.9 | 786.9 | 804.9 | 849.1 | 813.5 |
| Total equity | 826.2 | 844.9 | 814.7 | 838.1 | 851.1 | 931.0 | 706.8 | 723.5 | 742.1 | 653.1 |
| Total debt | 21.4 | 21.4 | 24.8 | 21.6 | 21.3 | 31.7 | 30.6 | 25.0 | 23.4 | 33.4 |
| Net cash from operating activities | (5.0) | 19.0 | 3.9 | 6.7 | (2.7) | (15.2) | (19.8) | 43.3 | 58.6 | (18.8) |
| Capital expenditure | (0.0) | (0.3) | (12.4) | 0.0 | (1.3) | 0.0 | (1.3) | (47.5) | (7.7) | — |
| Free cash flow (operating cash flow − capex) | (5.0) | 18.7 | (8.5) | 6.7 | (4.0) | (15.2) | (21.1) | (4.3) | 50.9 | — |
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 106.9 | 31.6 | 26.0 | 26.3 | 23.0 | 26.5 | 21.9 | 20.4 | 32.0 |
| Gross profit | (4.4) | (4.4) | 3.6 | (0.3) | (3.4) | (1.0) | (1.2) | (7.2) | (2.3) |
| Operating profit | (22.3) | (10.8) | 0.5 | (4.8) | (7.2) | (6.8) | (5.1) | (11.2) | (7.6) |
| Profit after tax | (20.6) | (8.6) | 0.8 | (6.6) | (6.3) | 7.7 | (4.2) | (10.5) | (6.8) |
| Profit attributable to shareholders | (20.6) | (8.6) | 0.8 | (6.6) | (6.3) | 7.7 | (4.2) | (10.5) | (6.8) |
| EPS – basic (Rs) Rs | (0.66) | (0.28) | 0.03 | (0.21) | (0.20) | 0.25 | (0.14) | (0.34) | (0.22) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 895.5 | 895.5 | 899.4 | 899.4 | 906.1 | 913.0 | 864.5 | 870.9 | — |
| Total equity | 826.2 | 826.2 | 834.8 | 832.0 | 838.6 | 844.9 | 794.7 | 797.4 | — |
| Total debt | 21.4 | 21.4 | 21.4 | 21.4 | 21.4 | 21.4 | 21.4 | 21.3 | — |
| Net cash from operating activities | (5.0) | (1.2) | 9.7 | (3.9) | (9.5) | (14.9) | 9.3 | 12.6 | 12.1 |
| Capital expenditure | (0.0) | 0.0 | 0.0 | (0.0) | 0.0 | — | — | (0.1) | (1.1) |
| Free cash flow (operating cash flow − capex) | (5.0) | (1.2) | 9.7 | (4.0) | (9.5) | — | — | 12.5 | 11.0 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. * Some FY2026 figures do not fully reconcile in the source data. Updated 16 Oct 2026.