MSPL Limited Company Profile and Financial Highlights

MSPL Limited is a well-established company with a rich history. Founded in 1968, it has been serving the iron ore industry for over five decades.

The company is headquartered in Bengaluru, Karnataka, India, with a strong presence in the domestic market. MSPL Limited has a diverse portfolio of products and services.

MSPL Limited has a significant presence in the iron ore mining industry, with a focus on producing high-quality iron ore concentrates. The company's products are in high demand globally.

MSPL Limited has a strong financial foundation, with a significant revenue stream from its iron ore mining operations.

For another approach, see: Alderon Iron Ore Corp.

MSPL Limited's financials have been a mixed bag over the years. The company has seen a decline in sales growth, with a compounded sales growth rate of -4% in the last year.

The company's operating profit has been on a rollercoaster ride, with a low of -11 in 2015 and a high of 155 in 2022. However, the operating profit margin (OPM) has been steadily decreasing, from 13% in 2014 to 5% in 2023.

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The company's net profit has also seen significant fluctuations, ranging from a loss of 182 in 2016 to a profit of 26 in 2022. The return on equity (ROE) has been negative for the past 10 years, with a low of -8% in 2014.

Here's a summary of the company's cash flows:

The profit and loss statement is a crucial part of any company's financials, and it's essential to understand the trends and patterns that emerge from this data.

Sales have been on an upward trajectory, with a compound annual growth rate (CAGR) of 10% over the past 10 years.

The company's operating profit margin (OPM) has fluctuated over the years, ranging from 13% in 2014 to 5% in 2020.

Here's a breakdown of the company's operating profit margins over the past 10 years:

The company's net profit has been volatile, with a net loss of ₹104 in 2015 and a net profit of ₹26 in 2021.

EPS (Earnings Per Share) has also been affected by the company's net profit, with a low of ₹-11.76 in 2015 and a high of ₹0.67 in 2021.

Cash Flows are a crucial aspect of any company's financial health. The numbers are a reflection of how well a company is generating cash, investing it, and using it to fund its operations.

In the given data, we can see that the cash from operating activity was a significant source of cash for the company. In 2025, it reached a high of $189 million.

The cash from investing activity, on the other hand, has been a mixed bag. In 2016, the company received $84 million from investing activities, but in 2022, it incurred a loss of $62 million.

Financing activities have also had their ups and downs. In 2015, the company received a significant influx of cash from financing activities, $56 million, but in 2023, it had a net outflow of $178 million.

Here's a breakdown of the net cash flow for the company over the years:

Overall, the company's cash flows have been volatile, but there are some encouraging trends to note.

A balance sheet is a snapshot of a company's financial situation at a specific point in time, listing its assets, liabilities, and equity. It's like taking a photo of your bank account, debts, and investments all at once.

Assets can be found on the left side of the balance sheet and include cash, accounts receivable, inventory, and property, plant, and equipment. Think of assets as the things you own or are owed money for.

Cash is the most liquid asset, meaning it can be easily converted into cash. According to our previous example, a company has $100,000 in cash reserves.

Liabilities are listed on the right side of the balance sheet and include debts, accounts payable, and taxes owed. They represent the amount of money a company owes others.

Liabilities can be either short-term or long-term, depending on when they need to be paid. For example, a company may have a short-term liability of $20,000 due in 30 days.

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Equity is the difference between a company's assets and liabilities. It represents the amount of money that would be left over if a company were to sell all its assets and pay off all its debts.

Equity can be either common stock or retained earnings. In our previous example, a company has $50,000 in common stock and $30,000 in retained earnings.

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MSPL Limited has earned a reputation for excellence through its certifications and recognition.

The company holds multiple ISO certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, making it the first mining industry to be certified in the Indian mining sector for all three systems.

MSPL Limited has been honored with numerous awards, including the CFBP-Jamnalal Bajaj Uchit Vyavahar Puraskar in the Large Manufacturer category in 2007.

The company received the First Prize for Independent Power Producer under Wind Programme from the Ministry of New and Renewable Energy in the same year.

For its commitment to sustainability, MSPL Limited was recognized with the KREDL award for the highest investment and production in wind power in 2005.

The company's dedication to environmental conservation was also acknowledged with the Indira Priyadarshni Vriksha Mitra Award in 2004 for planting over 1.6 million trees.

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MSPL is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company. This makes them the first mining industry to be certified in the Indian mining sector for all three systems, as certified by Bureau Veritas.

We regularly upgrade our ISO versions as and when they are upgraded by Bureau Veritas. This shows their commitment to staying up-to-date with the latest standards.

MSPL has been honored with numerous awards by the Government of India and Government of Karnataka for outstanding contributions to the Indian iron ore industry. These recognitions are a testament to their hard work and dedication.

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MSPL has received several notable awards in recognition of its achievements. The company was awarded the CFBP-Jamnalal Bajaj Uchit Vyavahar Puraskar in the Large Manufacturer category in 2007. In the same year, MSPL received the First Prize for Independent Power Producer under Wind Programme from the Ministry of New and Renewable Energy. This award is a testament to the company's commitment to sustainability. MSPL received the KREDL award for the highest investment and production in wind power in 2005. For its efforts in environmental conservation, MSPL was awarded the 2004 Indira Priyadarshni Vriksha Mitra Award for planting over 1.6 Million trees.

MSPL Limited's shareholding pattern has undergone significant changes over the years. As of Jun 2025, the company's promoters held a 35.24% stake, while foreign institutional investors (FIIs) and domestic institutional investors (DIIs) held 0.18% and 16.70% respectively.

The number of shareholders has also fluctuated, with a high of 59,211 in Mar 2025 and a low of 48,600 in Dec 2023. The company's public shareholding has consistently been above 40% since Mar 2023, with a peak of 55.24% in Dec 2023.

Here's a breakdown of the company's shareholding pattern as of Jun 2025:

As for announcements, MSPL Limited has had several notable updates in recent times. The company upgraded its credit rating to CARE BBB from CARE A3+ on Sep 25, 2025, with a total facility size of ₹371.59 crore.

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The shareholding pattern of a company is a crucial aspect of its overall financial health. The data shows that the promoters' shareholding has remained relatively stable over the years, with a slight dip in 2024-2025.

In March 2025, the promoters' shareholding was 35.24%. This is a significant decrease from the 41.61% shareholding in March 2023. The number of shareholders also decreased from 59,211 in June 2025 to 58,804 in the same month.

The number of shareholders has fluctuated over the years, with a notable increase from 9,994 in March 2018 to 56,577 in March 2022. However, it decreased to 49,660 in March 2024 and then increased again to 59,211 in March 2025.

Here's a breakdown of the shareholding pattern in March 2025:

The changes in shareholding pattern can be attributed to various factors, including changes in classification or the addition of new data in the XBRL format.

The company has made several announcements recently, which are worth noting.

The first announcement was a reply to a query dated September 29, 2025, which provided additional details under the SEBI Circular dated November 11, 2024, regarding Regulation 30 of the SEBI (LODR) Regulations, 2015.

The company also apologized to the BSE for a delayed Regulation 30 filing, citing the timing of the AGM as the cause of the delay, which occurred on October 4.

On September 27, the company announced that its credit rating had been upgraded by CARE Edge to CARE BBB with a stable outlook and CARE A3+.

The company held its AGM on September 25, and the outcome of the meeting was announced on the same day.

Here are the key announcements made by the company in a table format:

MSPL Limited's financial journey is a tale of ups and downs, with some quarters performing better than others.

The company's sales have been steadily increasing, with a notable surge in Jun 2023, reaching 671 Rs. Crores. However, this growth was short-lived, and sales dipped to 656 Rs. Crores in Sep 2024.

Here's a breakdown of MSPL Limited's quarterly sales:

Despite the fluctuations, MSPL Limited managed to maintain a positive operating profit margin (OPM) in most quarters, with a notable dip in Sep 2022, where the OPM was -6%. The company's OPM has been steadily increasing, with a peak of 8% in Mar 2023.

The company's net profit has been a mixed bag, with some quarters showing a significant loss, while others have shown a modest profit. In Jun 2025, MSPL Limited reported a net loss of 34 Rs. Crores, while in Mar 2024, the company reported a net profit of 13 Rs. Crores.

MSPL mines and processes iron ore, and it was the first private company in India to receive a license for export of high grade ore containing at least 64% iron.

This achievement is a testament to MSPL's commitment to innovation and excellence in the iron mining industry.

The Federation of Indian Mineral Industries recognized MSPL's pioneering effort in receiving this license, highlighting its expertise in extracting high-quality iron ore.

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MSPL Limited has a network of companies, including Vijayanaagar Industrial Credits Limited, which has a paid-up capital of ₹1.5 Cr and is active. This company is one of three common directors.

MSPL Limited also has subsidiaries, including MSPL Maritime Pte Limited and MSPL Diamond Pte Ltd, both located in Singapore. AARESS Iron and Steel Limited, a subsidiary of MSPL, was incorporated in 2005 with a paid-up capital of ₹77.6 Cr.

Here is a list of MSPL Limited's subsidiaries and their details:

The company network is a vital aspect of any business, and understanding it can provide valuable insights into the company's operations and structure.

Some companies have a large number of directors, with BALDOTA SUSTAINABLE SOLUTIONS LIMITED and BALDOTA STEEL AND POWER LIMITED having 3 directors each.

Companies can be located in different states, with VIJAYA OXYGEN COMPANY LIMITED and VIJAYANAGAR INDUSTRIAL CREDITS LIMITED. being based in Karnataka.

The paid up capital of companies can vary widely, with LEGACY ASSETS LLP having a paid up capital of 501.4 Cr and BALDOTA ENVIROCARE PRIVATE LIMITED having a paid up capital of 1.0 L.

Here is a list of some of the companies mentioned in the article, along with their status and paid up capital:

Some companies have a relatively low paid up capital, with BALDOTA ENVIROCARE PRIVATE LIMITED and FERRATES INDIA PRIVATE LIMITED both having a paid up capital of 1.0 L.

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Our company has a network of subsidiary companies that operate in different parts of the world. MSPL Maritime Pte Limited and MSPL Diamond Pte Ltd are two subsidiaries based in Singapore.

One of our subsidiaries, AARESS IRON AND STEEL LIMITED, was incorporated in 2005 and has a paid-up capital of ₹ 77.6 Cr.

We also have a subsidiary in Karnataka, India, called BALDOTA STEEL AND POWER LIMITED, which was incorporated in 2023 with a paid-up capital of ₹ 70.0 Cr.

Here's a quick rundown of our subsidiary companies: