Modern Steels Annualised Returns
Modern Steels Annualised Returns
Modern Steels Share Price Today
Modern Steels Share Price Today
As of 22 Oct 2026, Modern Steels share price is ₹13.2. The stock opened at ₹13.4 and had closed at ₹13.4 the previous day. During today’s trading session, Modern Steels share price moved between ₹13.20 and ₹13.43, with an average price for the day of ₹13.31. Over the last 52 weeks, the stock has recorded a low of ₹10.35 and a high of ₹17.99. In terms of performance, Modern Steels share price has declined by 3.4% over the past six months and has declined by 18.59% over the last year.
Modern Steels Stock Performance
Modern Steels Share Price Chart
Modern Steels Share Price Chart
Modern Steels Company background
Incorporated in November 1973, Modern Steels Limited was formed with an object to manufacture carbon and alloy steel. It operates a rolling mill to convert billets into steel rolled products. While the melting capacity is 1 lac ton per annum (tpa), the rolling mill has a capacity of 50,000 tpa. The Company has a plant at Mandi Gobindgarh, in Punjab.In 199192, the company copromoted Modern Dairies to set up a dairy project at Karnal, Haryana, to process 3.2 lac ltr pd of milk at an estimated cost of Rs 13.56 cr. Commercial production of the new company commenced in 1993. It invested around Rs 100 lac in the equity capital of the new company.In 1995, Modern Steels increased the capacity of its rolled products from 30,000 tpa to 50,000 tpa.The Electro Magnetic Stirrers (EMS) was installed in year 2005. In 2006, the Company installed a Vacuum Degassing Plant of Denelli make in its melting shop. In addition, for the production of stainless steel a converter was installed and commissioned during the year. Post rolling facilities of peeling and grinding of bars commissioned during the year.In 2008, the Company installed commissioned 600 mm Rolling Mill to produce higher size Rolled Products. It commissioned its energy efficient Oxygen Plants. The Second Electric Arc Furnace (EAF) was commissioned on July 30, 2009. In 2012, it strengthened and modernized its production facilities in SMS and Rolling Mill.In 2014, the Company installed Gasifier Unit for production of gas for reheating furnaces in rolling mills and added heat treatment facility for alloy steel bars. It added bigger ingot casting facilities in the steel melting shop to diversify process route. Forge shop consisting of forging presses, hammer, heat treatment facilities along with finishing and inspection facilities were added. It also installed machining assembly lines for the manufacturing of auto steel components. In 2015, the Company commissioned Auto Component Division along with Heat Treatment section. Further, it developed new grades in the tool and die segment. In FY2022, through the Business Transfer Agreement (BTA) executed between M/s Arjas Steel Pvt. Ltd./ M/s Arjas Modern Steel Pvt. Ltd. (Purchaser), the Company(Seller), Promoters (Mr. Krishan Kumar Goyal and Mr. Aditya Goyal). the Company was given operations of the plant to M/s Arjas Steel Pvt. Ltd. where they took control of the said Plant and operated till 05.01.2022. In terms of BTA, the Properties of the Unit in Mandi Gobindgarh, were transferred to Arjas Modern Steel Pvt. (Buyer) on Jan 05, 2022. Again, the Plant Machinery of the unit and other current assets and liabilities were also transferred to M/s Arjas Modern Steel Pvt. Ltd. through slump sale basis with effect from 5th January, 2022.The Company sold its Business undertaking at Mandi Gobindgarh in FY 2025.
Modern Steels Financial Highlights
As of 22 October 2026, Modern Steels’s market capitalization reached at ₹18.47 crores. Shareholding as of 22 October 2026 shows promoters holding 65.5% and public at 34.4%.
Modern Steels Fundamental
Market Cap (in crs)
18.47
Face Value
10
Turnover (in lacs)
0.08
Key Metrics
Modern Steels Technical Analysis
Delivery & Volume
Delivery Volume %
Day
91.40%
Week
79.00%
Month
81.80%
Resistance & Support
Modern Steels Peer comparison
CompareIndex Name | Market Price |
|---|---|
13.20 -0.22 (-1.64%)▼ | |
28.15 -1.35 (-4.58%)▼ | |
13.67 +0.65 (+4.99%)▲ | |
16.45 0.00 (0.00%)▼ | |
44.28 +2.10 (+4.98%)▲ | |
53.00 -2.03 (-3.69%)▼ | |
55.02 +0.43 (+0.79%)▲ |
Modern Steels Latest News
Modern Steels Share Price FAQs
The Mutual Fund Shareholding in Modern Steels was 0.04% at the end of 22/10/2026.
You can easily buy Modern Steels shares in Kotak Neo by opening a demat account and getting the KYC documents verified online.
The 52-week high and low of Modern Steels share price is ₹17.99 and ₹10.35 as of 22/10/2026.
Please be aware that Modern Steels stock prices are subject to continuous fluctuations due to various factors.