A composite structure sheet steel with excellent elongation and stretch flange formability comprising 0.02 to 0. 12% C, 0.5 to 2.0% Si+Al and 1.0 to 2.0% Mn by mass percentage, with the remainder being Fe and unavoidable impurities, and comprising 80% or more polygonal ferrite (steel structure space factor) and 1 to 7% retained austenite (volume fraction measured by the saturation magnetization method), with the remainder being bainite and/or martensite, wherein a second-phase structure in the composite structure comprises martensite and retained austenite, and within the second-phase structure not more than 15 massive second-phase structures with an aspect ratio of 1:3 or less and a mean grain size of 0.5 μm or more are contained per 750 μm2 as observed under a scanning electron microscope at 4000×.