Modern Steels shareholders and shareholding pattern

BSE: 513303Industrial ProductsSmall Cap

₹11.15₹1.59 (12.48%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹12.74.

52-week range of traded prices to 23 Oct 2026

₹10.35Low, 23 Mar 2026₹17.99High, 24 Oct 2025

Market cap: ₹15 Cr4,215th largest listed
P/E: 10.4
P/B: 0.8
Dividend yield: Nonein the last 12 months
ROE: 7.8%
ROCE: −4.8%
Debt to equity: 0.01
Volume, BSE: 20,145

Who owns Modern Steels, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters65.53%
Indian institutions0.05%
Individuals and others34.42%

Shareholding pattern, per cent, from Sep 2022

Promoters
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 16 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 18 Jul	Sep 2017Filed 5 Dec	Dec 2017Filed 22 Jan	Mar 2018Filed 24 Apr	Jun 2018Filed 19 Jul	Sep 2018Filed 17 Oct	Dec 2018Filed 11 Jan	Mar 2019Filed 9 Apr	Jun 2019Filed 11 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 11 Jan	Jun 2020Filed 9 Jul	Sep 2020Filed 9 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 20 Apr	Jun 2021Filed 14 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 18 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 12 Oct	Dec 2023Filed 12 Jun	Mar 2024Filed 8 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 9 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 8 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 9 Jan	Mar 2026Filed 9 Apr	Jun 2026Filed 10 Jul	Sep 2026Filed 10 Oct
	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%
Indian promoters	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%	65.53%
	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%	34.47%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Mutual funds	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	–	0.01%	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Venture capital funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–	0.01%	–	–	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%	34.42%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.07%	19.35%	19.55%	19.28%	19.86%	19.98%	20.08%	21.02%	20.86%	21.04%	20.92%	21.00%	21.17%	21.10%	21.21%	21.22%	21.08%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	12.10%	11.89%	11.70%	11.99%	11.46%	11.67%	12.40%	11.93%	12.03%	11.85%	11.99%	11.82%	11.66%	11.70%	11.67%	11.61%	11.73%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.71%	0.58%	0.58%	0.57%	0.57%	0.55%	0.55%	0.54%	0.56%	0.58%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.54%	2.59%	2.59%	2.57%	2.52%	1.64%	0.82%	0.09%	0.08%	0.09%	0.09%	0.09%	0.09%	0.09%	0.08%	0.09%	0.08%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.58%	0.57%	0.82%	0.87%	0.86%	0.82%	0.91%	0.90%	0.94%	0.85%	0.90%	0.92%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.56%	0.55%	0.80%	0.86%	0.84%	0.80%	0.89%	0.88%	0.92%	0.83%	0.88%	0.90%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%
Promoter shares pledgedShare of the promoters' own shares	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359	1,37,62,359

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Modern Steels shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 16 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 18 Jul	Sep 2017Filed 5 Dec	Dec 2017Filed 22 Jan	Mar 2018Filed 24 Apr	Jun 2018Filed 19 Jul	Sep 2018Filed 17 Oct	Dec 2018Filed 11 Jan	Mar 2019Filed 9 Apr	Jun 2019Filed 11 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 11 Jan	Jun 2020Filed 9 Jul	Sep 2020Filed 9 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 20 Apr	Jun 2021Filed 14 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 18 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 12 Oct	Dec 2023Filed 12 Jun	Mar 2024Filed 8 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 9 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 8 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 9 Jan	Mar 2026Filed 9 Apr	Jun 2026Filed 10 Jul	Sep 2026Filed 10 Oct
All shareholders	6,819	6,800	6,755	6,707	6,707	6,586	6,518	6,507	6,514	6,523	6,520	6,527	6,540	6,534	6,550	6,506	6,485	6,488	6,487	6,509	6,858	6,817	6,889	6,940	6,903	7,201	7,908	8,699	9,225	9,490	9,732	9,791	9,794	9,800	9,785	9,722	9,677	9,719	9,571
	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	9	9	9	9	9	9	9	9	9	9	9	9	9
Indian promoters	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	9	9	9	9	9	9	9	9	9	9	9	9	9
	6,809	6,790	6,745	6,697	6,697	6,576	6,508	6,497	6,504	6,513	6,510	6,517	6,530	6,524	6,540	6,496	6,475	6,478	6,477	6,499	6,848	6,807	6,879	6,930	6,893	7,191	7,899	8,690	9,216	9,481	9,723	9,782	9,785	9,791	9,776	9,713	9,668	9,710	9,562
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Mutual funds	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	–	1	–	1	1	1	1	1	1	1	1	1
Venture capital funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	–	–	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,874	6,925	6,888	7,186	7,894	8,685	9,211	9,476	9,718	9,777	9,780	9,786	9,771	9,708	9,663	9,705	9,557
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,776	6,838	6,809	7,102	7,808	8,506	9,030	9,297	9,534	9,591	9,597	9,598	9,589	9,524	9,481	9,520	9,373
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	17	16	15	17	15	16	18	16	16	15	16	15	14	14	14	14	14
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	52	42	37	35	37	32	31	30	32	33	31	32	32	32	32	32	31
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	29	29	27	32	34	36	39	39	40	41	43	45	44	45	44	46	45
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	95	93	94	96	97	93	96	92	93	92	93	94
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	88	86	87	88	90	86	89	85	86	85	86	86
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	7	7	8	7	7	7	7	7	7	7	7
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1

Modern Steels promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is KRISHAN KUMAR GOYAL, 26.78%.

Holder
KRISHAN KUMAR GOYALIndividuals and Hindu undivided families	26.78%	36,85,429
ALKA GOYALIndividuals and Hindu undivided families	10.82%	14,88,840
NABHA COMMERCE PRIVATE LIMITEDIndian companies, trusts and others	6.09%	8,37,750
ADITYA GOYALIndividuals and Hindu undivided families	5.78%	7,95,590
INDO PACIFIC FINLEASE LTDIndian companies, trusts and others	4.94%	6,80,000
KRISHAN GOYAL (HUF)Individuals and Hindu undivided families	3.97%	5,46,000
CHANDIGARH FINANCE PVT LTDIndian companies, trusts and others	2.77%	3,80,625
AMARJIT GOYAL HUFIndividuals and Hindu undivided families	2.69%	3,70,000
TIMES FINVEST AND COMMERCE LIMITEDIndian companies, trusts and others	1.71%	2,34,702

No promoter shares are reported as pledged.

Largest public holders of Modern Steels, filing by filing

Per cent, on the same shares as the split above.

Holder	Dec 2016Filed 16 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 18 Jul	Sep 2017Filed 5 Dec	Dec 2017Filed 22 Jan	Mar 2018Filed 24 Apr	Jun 2018Filed 19 Jul	Sep 2018Filed 17 Oct	Dec 2018Filed 11 Jan	Mar 2019Filed 9 Apr	Jun 2019Filed 11 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 11 Jan	Jun 2020Filed 9 Jul	Sep 2020Filed 9 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 20 Apr	Jun 2021Filed 14 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 18 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 12 Oct	Dec 2023Filed 12 Jun	Mar 2024Filed 8 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 9 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 8 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 9 Jan	Mar 2026Filed 9 Apr	Jun 2026Filed 10 Jul	Sep 2026Filed 10 Oct
AJAY GOYALResident individuals, over ₹2 lakh at face value	3.41%	3.41%	3.41%	3.41%	–	–	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%	3.74%
VEENU GARGResident individuals, over ₹2 lakh at face value	2.66%	2.66%	2.66%	2.66%	–	–	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%	2.66%
LAVEN KUMAR GOYALResident individuals, over ₹2 lakh at face value	1.42%	1.42%	1.42%	1.42%	–	–	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%	1.42%
VIJAY GARGResident individuals, over ₹2 lakh at face value	1.37%	1.37%	1.37%	1.37%	–	–	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%	1.39%
JAYASEELAN SINGARAVELUNon-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.03%	2.43%	2.50%	2.50%	2.47%	2.43%	1.54%	–	–	–	–	–	–	–	–	–	–	–
Jayaseelan S.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.37%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.