MSCL Metropolitan Steel Corporation Limited

Metropolitan Steel Corporation Limited (MSCL) financial ratios

Metropolitan Steel Corporation Limited earned a net margin of -17.5% in FY2026 against a five-year average of -28.3% (Engineering median 3.2%). Return on equity was -2.2%, compared with a sector median of 5.0%. The current ratio stood at 3.04× and debt was 2.6% of equity. Cash took about 230 days to cycle through receivables, inventory and payables.

FY2026 vs the Engineering median

Gross margin: -4.2%; Sector median 6.3%
Operating margin: -20.8%; Sector median 6.5%
Net margin: -17.5%; Sector median 3.2%
Return on equity (ROE): -2.2%; Sector median 5.0%
Return on assets (ROA): -2.1%; Sector median 2.3%
Current ratio: 3.04×; Sector median 1.36×
Debt to equity: 2.6%; Sector median 19.2%
Asset turnover: 0.12×; Sector median 0.51×

Median of the 15 companies in the sector with the figure for their latest fiscal year.

MSCL financial ratios (annual) (Rs mn)
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	FY2016 Jul 2015 – Jun 2016
Profitability
Gross margin	(4.2%)	(11.6%)	(14.1%)	(7.6%)	(17.5%)	12.4%	(68.8%)	(116.2%)	(57.1%)	—	(122.7%)
EBITDA margin	(5.8%)	(14.6%)	(11.6%)	(2.6%)	(9.4%)	19.8%	(37.5%)	(91.8%)	(15.9%)	—	(83.5%)
Operating margin	(20.8%)	(29.2%)	(23.0%)	(17.1%)	(24.6%)	6.3%	(87.4%)	(143.0%)	(72.8%)	—	(133.5%)
Pre-tax margin	(19.7%)	(14.2%)	(20.6%)	(14.0%)	(79.3%)	1.2%	(76.1%)	(65.6%)	(36.0%)	—	62.7%
Net margin	(17.5%)	(12.3%)	(19.1%)	(13.1%)	(79.3%)	2.0%	(61.0%)	(66.0%)	(30.6%)	—	55.1%
Effective tax rate	—	—	—	—	—	(72.3%)	—	—	—	—	12.1%
Returns
Return on equity (ROE)	(2.2%)	(1.5%)	(2.8%)	(1.5%)	(9.0%)	0.2%	(2.3%)	(2.5%)	(2.4%)	(4.7%)	—
Return on assets (ROA)	(2.1%)	(1.4%)	(2.6%)	(1.4%)	(8.2%)	0.2%	(2.1%)	(2.3%)	(2.0%)	(3.8%)	—
Return on invested capital (ROIC)	—	—	—	—	—	0.2%	—	—	—	—	—
Liquidity
Current ratio	3.04×	3.44×	2.54×	2.56×	3.34×	3.91×	3.89×	4.06×	3.73×	2.61×	2.32×
Quick ratio	2.24×	2.55×	1.24×	1.38×	2.08×	2.96×	3.35×	3.77×	2.82×	1.47×	1.30×
Leverage
Debt to equity	2.6%	2.5%	3.0%	2.6%	2.5%	3.4%	4.3%	3.5%	3.2%	5.1%	4.9%
Debt to capital	2.5%	2.5%	3.0%	2.5%	2.4%	3.3%	4.1%	3.3%	3.1%	4.9%	4.7%
Debt to assets	2.4%	2.3%	2.8%	2.3%	2.3%	3.1%	3.9%	3.1%	2.8%	4.1%	3.9%
Assets to equity	1.08×	1.09×	1.10×	1.10×	1.09×	1.10×	1.11×	1.13×	1.19×	1.25×	—
Efficiency
Asset turnover	0.12×	0.11×	0.13×	0.11×	0.10×	0.10×	0.03×	0.03×	0.07×	0.00×	—
Receivable days days	160	159	125	187	362	547	1,825	1,855	1,017	—	—
Inventory days days	87	144	177	215	165	181	160	238	428	1,686	—
Payable days days	17	34	69	87	55	76	126	185	268	1,108	—
Cash conversion cycle days	230	268	232	316	473	652	1,859	1,908	1,176	574	—
Dividends
Dividend payout ratio	—	—	—	—	—	0.0%	—	—	—	—	0.0%
Earnings retention rate	—	—	—	—	—	1.00×	—	—	—	—	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

MSCL: frequently asked questions

What is MSCL's EPS?

Metropolitan Steel Corporation Limited reported basic earnings per share of Rs -0.60 for FY2026 (Jul 2025 – Jun 2026).

Does MSCL pay dividends?

Metropolitan Steel Corporation Limited did not declare a cash dividend for FY2026.

What was MSCL's revenue and profit in FY2026?

Metropolitan Steel Corporation Limited reported revenue of Rs 106.9 mn and profit attributable to shareholders of -Rs 18.7 mn for FY2026 (Jul 2025 – Jun 2026).

What is MSCL's book value per share?

Metropolitan Steel Corporation Limited's book value per share was Rs 26.67 at the end of FY2026. The shares trade at 0.92× book value.

Information only, not investment advice.