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M S Metals And Steels
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Registered Details

M S METALS AND STEELS PRIVATE LIMITED

Active

Updated: 14 Aug 2024

M S Metals And Steels Private Limited, is an unlisted private company incorporated on 01 June, 2004. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 1.00 cr and the total paid-up capital is INR 44.00 lac.

M S Metals And Steels's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2021. It's EBITDA has increased by 88.88% over the previous year. At the same time, it's book networth has increased by 24.7%.

Industry

Manufacturing (Metals & Chemicals and their products)

Products

iron ore, ferro alloys, base and minor metals, and steel flats products., Ferrous and non-ferrous scraps

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

-7.47%

₹ 2,956.8

EBITDA

-39.75%

₹ 98.8

Net Profit

-63.02%

₹ 26.5

Networth

6.01%

₹ 456.7

Borrowings

0.46%

₹ 370.8

Assets

2.63%

₹ 1,016.0

Gross Margin

-0.59

13.5 %

Operating Margin

-1.79

3.3 %

Net Profit Margin

-1.35

0.9 %

Return on Equity

-10.84

5.8 %

ROCE

-15.3

15.0 %

Debt to Equity

-0.05

0.8

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (25)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW INTEREST COVERAGE
LOW CASH BALANCE

Low Risk

LOW INVENTORY
GROSS MARGINS DETERIORATING
NET MARGIN DETERIORATING
ROCE DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,284.0	1,281.2	1,992.1	3,195.3	2,956.8
Operating profit	50.8	115.5	175.8	164.0	98.8
Net profit	21.3	52.6	89.4	71.7	26.5
Gross margin	16.6	22.2	19.2	14.1	13.5
Operating margin	4.0	9.0	8.8	5.1	3.3
Net margin	1.6	4.1	4.5	2.2	0.9
Networth	216.5	271.0	359.5	430.8	456.7
Borrowings	229.6	232.4	316.7	369.1	370.8
Assets	492.7	644.7	847.7	990.0	1,016.0
Debt to equity	1.1	0.9	0.9	0.9	0.8
Current ratio	1.5	1.7	1.6	1.6	1.6
ROE	9.9	19.4	24.9	16.6	5.8
Days payable	7.0	7.0	9.0	13.0	20.0
WC days	36.0	49.0	42.0	35.0	39.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.4	0.4	0.4	0.4	0.4
Reserves	216.1	270.6	359.1	430.4	456.2
Borrowings +	229.6	232.4	316.7	369.1	370.8
Long term borrowings	-	42.6	49.2	39.1	21.6
Short term borrowings	229.6	189.8	267.5	330.1	349.2
Trade payables +	21.3	18.4	38.4	99.1	138.9
Days payable	7.0	7.0	9.0	13.0	20.0
Other liabilities +	46.5	141.3	171.5	190.0	188.5
Other non-current liabilities	-	69.8	55.7	31.7	31.4
Other current liabilities	25.3	53.1	77.4	59.3	18.1
Total liabilities	492.7	644.7	847.7	990.0	1,016.0
Fixed Assets +	65.4	158.0	147.3	129.1	120.3
Tangible assets	55.1	65.5	66.5	70.1	85.9
CWIP	10.2	92.5	80.7	5.8	0.9
Intangible assets	-	-	-	53.2	33.4
LT loans and advances	22.2	-	-	-	-
Other non-current assets	2.6	53.0	89.8	68.1	73.1
Current assets +	402.5	433.7	610.7	792.7	822.5
Inventories	99.4	82.3	115.1	215.1	195.1
Trade receivables	237.4	272.0	358.0	357.3	409.6
Cash and cash equivalents	29.4	6.0	2.8	8.1	12.3
ST loans and advances	32.5	-	-	-	-
Other current assets	3.9	73.3	134.8	212.2	205.5
Total assets	492.7	644.7	847.7	990.0	1,016.0

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.09	0.07	0.05	0.04	0.04
Reserves	43.86	41.97	42.36	43.47	44.91
Borrowings +	46.61	36.05	37.36	37.29	36.5
Long term borrowings	0.0	6.61	5.81	3.94	2.13
Short term borrowings	46.61	29.44	31.55	33.34	34.37
Trade payables	4.31	2.85	4.53	10.01	13.67
Other liabilities +	9.45	21.91	20.23	19.2	18.55
Other non-current liabilities	0.0	10.83	6.57	3.2	3.09
Other current liabilities	5.13	8.23	9.13	5.99	1.78
Total liabilities
Fixed Assets +	13.26	24.5	17.37	13.05	11.84
Tangible assets	11.18	10.15	7.85	7.09	8.46
CWIP	2.08	14.35	9.52	0.58	0.09
Intangible assets	0.01	0.0	0.01	5.38	3.29
LT loans and advances	4.51	0.0	0.0	0.0	0.0
Other non-current assets	0.53	8.23	10.59	6.88	7.2
Current assets +	81.7	67.27	72.04	80.07	80.96
Inventories	20.17	12.77	13.57	21.72	19.2
Trade receivables	48.18	42.19	42.24	36.09	40.31
Cash and cash equivalents	5.97	0.93	0.33	0.82	1.21
ST loans and advances	6.59	0.0	0.0	0.0	0.0
Other current assets	0.79	11.37	15.9	21.43	20.23
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.4	0.4	0.4	0.4	0.4
Reserves	216.1	269.8	358.3	429.0	454.7
Borrowings +	229.6	237.1	316.7	369.1	370.8
Long term borrowings	-	42.6	49.2	39.1	21.6
Short term borrowings	229.6	194.4	267.5	330.1	349.2
Trade payables +	21.3	19.1	38.4	95.6	135.4
Days payable	7.0	7.0	9.0	13.0	19.0
Other liabilities +	46.6	142.1	175.3	190.1	188.6
Other non-current liabilities	-	69.8	55.7	31.7	31.4
Other current liabilities	25.3	53.2	81.2	62.8	21.8
Total liabilities	492.7	649.4	850.7	988.7	1,014.6
Fixed Assets +	66.9	160.1	149.3	130.9	121.9
Tangible assets	55.1	67.4	68.4	71.9	87.6
CWIP	11.8	92.6	80.8	5.8	0.9
Intangible assets	-	-	-	53.2	33.4
LT loans and advances	22.6	-	-	-	-
Other non-current assets	2.5	53.0	89.7	68.1	72.9
Current assets +	400.6	436.3	611.8	789.7	819.7
Inventories	99.4	82.8	115.3	215.1	195.1
Trade receivables	235.5	267.4	358.6	354.0	406.4
Cash and cash equivalents	29.4	6.3	3.0	8.3	12.6
ST loans and advances	32.5	-	-	-	-
Other current assets	3.9	79.7	134.9	212.3	205.7
Total assets	492.7	649.4	850.7	988.7	1,014.6

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.09	0.07	0.05	0.04	0.04
Reserves	43.85	41.54	42.12	43.39	44.82
Borrowings +	46.6	36.51	37.23	37.33	36.55
Long term borrowings	0.0	6.56	5.79	3.95	2.13
Short term borrowings	46.6	29.94	31.44	33.38	34.42
Trade payables	4.31	2.95	4.51	9.67	13.34
Other liabilities +	9.45	21.88	20.6	19.23	18.58
Other non-current liabilities	0.0	10.75	6.55	3.2	3.1
Other current liabilities	5.14	8.19	9.54	6.35	2.14
Total liabilities
Fixed Assets +	13.58	24.65	17.55	13.24	12.02
Tangible assets	11.18	10.39	8.04	7.27	8.63
CWIP	2.39	14.26	9.49	0.58	0.09
Intangible assets	0.01	0.0	0.01	5.38	3.3
LT loans and advances	4.59	0.0	0.0	0.0	0.0
Other non-current assets	0.52	8.17	10.54	6.89	7.18
Current assets +	81.31	67.18	71.91	79.87	80.8
Inventories	20.17	12.75	13.55	21.75	19.23
Trade receivables	47.79	41.18	42.15	35.8	40.05
Cash and cash equivalents	5.97	0.98	0.35	0.84	1.24
ST loans and advances	6.59	0.0	0.0	0.0	0.0
Other current assets	0.79	12.27	15.86	21.48	20.27
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,284.0	1,281.2	1,992.1	3,195.3	2,956.8
Sales growth %	-13.66	-0.22	55.49	60.4	-7.47
Expenses +	1,262.7	1,217.4	1,883.5	3,114.0	2,937.4
Cost of goods	1,070.7	996.1	1,609.7	2,746.0	2,558.6
Employee cost	30.4	28.8	34.2	39.3	45.0
Other costs	132.1	140.9	172.4	246.0	254.3
Operating profit +	50.8	115.5	175.8	164.0	98.8
Operating margin %	4.0	9.0	8.8	5.1	3.3
Other income	8.4	8.8	11.7	14.9	17.2
Interest	24.1	28.4	36.1	49.9	46.0
Depreciation	5.4	23.3	31.1	32.9	33.5
Exceptional items	-	-	-	-	-
Profit before tax	29.5	72.6	120.3	96.1	36.5
Tax	8.2	20.0	31.0	24.4	10.0
Profit - disc. ops	-	-	-	-	-
Net profit	21.3	52.6	89.4	71.7	26.5
Net margin %	1.6	4.1	4.5	2.2	0.9

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.35	99.32	99.41	99.54	99.42
Expenses +	97.7	94.37	93.99	97.01	98.77
Cost of goods	82.84	77.21	80.33	85.54	86.03
Employee cost	2.35	2.23	1.71	1.22	1.51
Other costs	10.22	10.92	8.61	7.66	8.55
Operating profit	3.93	8.95	8.77	5.11	3.32
Other income	0.65	0.68	0.59	0.46	0.58
Interest	1.87	2.2	1.8	1.55	1.55
Depreciation	0.42	1.81	1.55	1.02	1.13
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	2.28	5.63	6.01	2.99	1.23
Tax	0.63	1.55	1.55	0.76	0.34
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.65	4.08	4.46	2.24	0.89

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,284.0	1,284.6	1,998.8	3,195.7	2,956.8
Sales growth %	-13.66	0.05	55.59	59.88	-7.48
Expenses +	1,262.7	1,221.7	1,890.1	3,115.2	2,937.6
Cost of goods	1,070.7	999.1	1,614.6	2,746.5	2,558.6
Employee cost	30.4	29.4	34.8	39.5	45.0
Other costs	132.1	141.4	173.4	246.3	254.3
Operating profit +	50.8	114.7	176.0	163.4	98.8
Operating margin %	4.0	8.9	8.8	5.1	3.3
Other income	8.4	8.8	11.9	15.0	17.4
Interest	24.1	28.4	36.1	49.9	46.0
Depreciation	5.4	23.4	31.2	33.0	33.6
Exceptional items	-	-	-	-	-
Profit before tax	29.5	71.8	120.5	95.5	36.5
Tax	8.2	20.0	31.0	24.3	9.9
Profit - disc. ops	-	-	-	-	-
Net profit	21.3	51.8	89.4	71.1	26.4
Net margin %	1.6	4.0	4.5	2.2	0.9

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.35	99.32	99.41	99.53	99.42
Expenses +	97.7	94.45	94.01	97.02	98.77
Cost of goods	82.84	77.24	80.3	85.54	86.03
Employee cost	2.35	2.27	1.73	1.23	1.51
Other costs	10.22	10.93	8.62	7.67	8.55
Operating profit	3.93	8.87	8.75	5.09	3.32
Other income	0.65	0.68	0.59	0.47	0.58
Interest	1.87	2.19	1.8	1.55	1.55
Depreciation	0.42	1.81	1.55	1.03	1.13
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	2.28	5.55	5.99	2.98	1.23
Tax	0.63	1.54	1.54	0.76	0.33
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.65	4.01	4.45	2.21	0.89

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.1	0.9	0.9	0.9	0.8
Net Debt/Equity	0.9	0.8	0.9	0.8	0.8
Total Debt/Assets	0.5	0.4	0.4	0.4	0.4
Total Assets/Equity	2.3	2.4	2.4	2.3	2.2
Liquidity +
Current Ratio	1.5	1.7	1.6	1.6	1.6
Quick Ratio	1.1	1.3	1.3	1.2	1.2
Interest Coverage	2.1	4.1	4.9	3.3	2.1
Performance
Gross Margin	16.6	22.2	19.2	14.1	13.5
Operating Margin	4.0	9.0	8.8	5.1	3.3
Net Margin	1.6	4.1	4.5	2.2	0.9
Return +
Return on Equity	9.9	19.4	24.9	16.6	5.8
Pre-tax ROCE	23.7	27.9	38.6	30.3	15.0
Return on Assets	4.3	8.2	10.5	7.2	2.6
Pre-tax ROIC	10.9	18.5	21.5	16.6	8.0
Efficiency +
Days Payable	7.0	7.0	9.0	13.0	20.0
Days Inventory	34.0	30.0	26.0	29.0	28.0
Days Receivable	67.0	77.0	66.0	41.0	51.0
Fixed Asset Turnover	19.6	8.1	13.5	24.7	24.6
Total Asset Turnover	2.6	2.0	2.4	3.2	2.9
Working Capital
Cash Conversion Cycle	94.0	100.0	83.0	57.0	59.0
Working Capital Days	36.0	49.0	42.0	35.0	39.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.1	0.9	0.9	0.9	0.8
Net Debt/Equity	0.9	0.8	0.9	0.8	0.8
Total Debt/Assets	0.5	0.4	0.4	0.4	0.4
Total Assets/Equity	2.3	2.4	2.4	2.3	2.2
Liquidity +
Current Ratio	1.4	1.6	1.6	1.6	1.6
Quick Ratio	1.1	1.3	1.3	1.2	1.2
Interest Coverage	2.1	4.0	4.9	3.3	2.1
Performance
Gross Margin	16.6	22.2	19.2	14.1	13.5
Operating Margin	4.0	8.9	8.8	5.1	3.3
Net Margin	1.6	4.0	4.5	2.2	0.9
Return +
Return on Equity	9.8	19.2	24.9	16.6	5.8
Pre-tax ROCE	23.8	27.7	38.7	30.2	15.0
Return on Assets	4.3	8.0	10.5	7.2	2.6
Pre-tax ROIC	10.9	18.2	21.5	16.5	8.0
Efficiency +
Days Payable	7.0	7.0	9.0	13.0	19.0
Days Inventory	34.0	30.0	26.0	29.0	28.0
Days Receivable	67.0	76.0	65.0	40.0	50.0
Fixed Asset Turnover	19.2	8.0	13.4	24.4	24.2
Total Asset Turnover	2.6	2.0	2.4	3.2	2.9
Working Capital
Cash Conversion Cycle	94.0	99.0	82.0	56.0	59.0
Working Capital Days	35.0	48.0	41.0	34.0	39.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 5

Total Amount : 113.4 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 113.0 cr

State Bank of India

No. of Loans: 1

Total Amount : 96.7 cr

Indian Overseas Bank

No. of Loans: 1

Total Amount : 95.7 cr

Punjab National Bank

No. of Loans: 1

Total Amount : 70.0 cr

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

Charge Holder	Amount	Date of creation/modification
HDFC Bank Limited	1.7 cr	29 Jun, 2024
HDFC Bank Limited	1.1 cr	28 May, 2024
HDFC Bank Limited	95.0 cr	06 Jan, 2023
Axis Bank Limited	113.0 cr	29 Sep, 2022
Punjab National Bank	70.0 cr	21 Sep, 2022
HDFC Bank Limited	0.2 cr	16 Jul, 2022
State Bank of India	96.7 cr	30 May, 2022
Indian Overseas Bank	95.7 cr	11 Mar, 2022
HDFC Bank Limited	15.3 cr	08 Mar, 2022
IDFC First Bank Limited	50.0 cr	17 Jan, 2022

Charges

HDFC Bank Limited

Axis Bank Limited

State Bank of India

Indian Overseas Bank

Others

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Narendra Maganlal Mehta Shareholder	00179992	19 years
Director	Sanjay Maganlal Mehta Shareholder	00541528	21 years
Director	Sachin Bherumal Rathod	01919691	18 years
Director	Chintan Dhariwal	03628872	14 years
Director	Chetan Pukhraj Kavadiya	07316607	9 years
Director	Yash Narendra Mehta	08277122	3 years
Director	Ayush Narendra Mehta	08543322	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
MADHUBAN MOTORS PRIVATE LIMITED	Active	5.0 Cr	3	Maharashtra
MERCURE METALS AND ALLOYS PRIVATE LIMITED	Active	5.0 Cr	1	Maharashtra
MEHTA INDUSTRIAL SUPPLIERS PRIVATE LIMIT ED	Strike Off	1.0 Cr	2	Karnataka
SONA ALLOYS PRIVATE LIMITED	Active	178.9 Cr	1	Gujarat
M.S.MOTORS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
MTC STEEL ALLOYS PRIVATE LIMITED	Active	1.0 L	2	Maharashtra
MTC PROJECTS PRIVATE LIMITED	Active	5.0 L	2	Maharashtra
MTC STRATEGIC ALLOYS MANUFACTURING PRIVATE LIMITED	Active	5.0 L	1	Maharashtra
MTC BUSINESS PRIVATE LIMITED	Active	9.5 Cr	4	Maharashtra
MTC STRATEGIC ALLOYS PRIVATE LIMITED	Active	5.0 L	1	Maharashtra
YPO MUMBAI CONNECT FOUNDATION	Active	0.0	1	Maharashtra
MATERIAL RECYCLING ASSOCIATION OF INDIA	Active	0.0	1	Maharashtra
MTC RECYCLING PRIVATE LIMITED	Active	5.0 L	3	Karnataka
MADHUBAN TRADE-STEELS PRIVATE LIMITED	Active	47.2 L	1	Maharashtra
MTC EXIGO RECYCLING PRIVATE LIMITED	Active	4.0 Cr	1	Maharashtra
META MATERIALS CIRCULAR MARKETS PRIVATE LIMITED	Active	10.0 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
MTC RECYCLING PRIVATE LIMITED	Karnataka	2018	₹ 5.0 L

Registered Details

CIN

U27320MH2004PTC355033

PAN

AAICS1940E

Incorporation

2004, 20.9 years

Company Email

accountsblr@mtcgroup.in

Paid up Capital

₹ 44.0 L

Authorised Capital

₹ 1.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - M S METALS AND STEELS PRIVATE LIMITED

What is the incorporation date of M S METALS AND STEELS PRIVATE LIMITED?

The incorporation date of M S METALS AND STEELS PRIVATE LIMITED is 01 June, 2004

What is the authorized share capital of M S METALS AND STEELS PRIVATE LIMITED?

The authorized share capital of M S METALS AND STEELS PRIVATE LIMITED is INR ₹ 1.0 Cr.

What is the paid-up capital of M S METALS AND STEELS PRIVATE LIMITED?

The paid-up capital of M S METALS AND STEELS PRIVATE LIMITED is INR ₹ 44.0 L.

What is the registered address of M S METALS AND STEELS PRIVATE LIMITED?

The registered address of M S METALS AND STEELS PRIVATE LIMITED is 401, Navkar Commercial Complex, Opp. Andheri Court Court Lane, Andheri East Mumbai Mumbai City Maharashtra - 400069

What is the CIN number of M S METALS AND STEELS PRIVATE LIMITED?

The CIN number of M S METALS AND STEELS PRIVATE LIMITED is U27320MH2004PTC355033.

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Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

M S METALS AND STEELS PRIVATE LIMITED

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