MMTC Ltd
MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons. [1]
- Market Cap ₹ 9,118 Cr.
- Current Price ₹ 60.8
- High / Low ₹ 102 / 42.6
- Stock P/E 191
- Book Value ₹ 9.71
- Dividend Yield 0.00 %
- ROCE 8.30 %
- ROE 5.68 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 19.5% CAGR over last 5 years
Cons
- Stock is trading at 6.26 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -83.8% over past five years.
- Company has a low return on equity of -0.64% over last 3 years.
- Earnings include an other income of Rs.222 Cr.
- Company has high debtors of 16,152 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap BSE CPSE
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,269 | 18,283 | 12,568 | 11,707 | 16,450 | 28,979 | 24,134 | 26,380 | 8,392 | 272 | 3 | 3 | 3 | |
| 25,163 | 18,336 | 12,626 | 11,730 | 16,423 | 28,797 | 24,203 | 26,435 | 7,945 | 393 | 165 | 141 | 115 | |
| Operating Profit | 106 | -53 | -58 | -24 | 27 | 182 | -69 | -55 | 448 | -122 | -162 | -139 | -111 |
| OPM % | 0% | -0% | -0% | -0% | 0% | 1% | -0% | -0% | 5% | -45% | -4,800% | -5,155% | -3,269% |
| -11 | 148 | 152 | 134 | 55 | 8 | -12 | -835 | -101 | 1,517 | 244 | 246 | 222 | |
| Interest | 68 | 17 | 31 | 22 | 17 | 66 | 141 | 199 | 222 | 112 | 1 | 5 | 6 |
| Depreciation | 12 | 18 | 6 | 7 | 5 | 6 | 6 | 5 | 5 | 4 | 4 | 5 | 5 |
| Profit before tax | 14 | 60 | 58 | 81 | 59 | 119 | -227 | -1,094 | 121 | 1,279 | 76 | 97 | 101 |
| Tax % | -29% | 20% | 5% | 30% | 17% | 31% | -0% | -30% | 297% | 16% | 10% | 28% | |
| 19 | 48 | 55 | 57 | 49 | 81 | -227 | -770 | -238 | 1,076 | 68 | 70 | 75 | |
| EPS in Rs | 0.12 | 0.32 | 0.37 | 0.38 | 0.33 | 0.54 | -1.51 | -5.13 | -1.59 | 7.17 | 0.45 | 0.46 | 0.49 |
| Dividend Payout % | 80% | 52% | 55% | 53% | 61% | 55% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -59% |
| 5 Years: | -84% |
| 3 Years: | -93% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 20% |
| 3 Years: | 29% |
| TTM: | -63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 27% |
| 3 Years: | 11% |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -10% |
| 3 Years: | -1% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 100 | 100 | 100 | 100 | 100 | 150 | 150 | 150 | 150 | 150 | 150 | 150 |
| Reserves | 1,242 | 1,259 | 1,312 | 1,334 | 1,349 | 1,339 | 1,034 | 272 | 43 | 1,115 | 1,204 | 1,306 |
| 413 | 287 | 272 | 440 | 519 | 922 | 3,732 | 2,368 | 2,555 | 48 | 5 | 2 | |
| 2,942 | 4,305 | 2,115 | 4,204 | 3,449 | 2,044 | 1,664 | 2,716 | 2,015 | 1,961 | 1,796 | 1,774 | |
| Total Liabilities | 4,697 | 5,951 | 3,799 | 6,078 | 5,418 | 4,455 | 6,580 | 5,507 | 4,763 | 3,273 | 3,155 | 3,232 |
| 75 | 58 | 57 | 56 | 52 | 49 | 48 | 42 | 37 | 33 | 29 | 24 | |
| CWIP | 7 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 502 | 446 | 460 | 581 | 453 | 452 | 22 | 23 | 32 | 26 | 47 | 82 |
| 4,114 | 5,447 | 3,281 | 5,441 | 4,912 | 3,953 | 6,511 | 5,442 | 4,694 | 3,214 | 3,079 | 3,126 | |
| Total Assets | 4,697 | 5,951 | 3,799 | 6,078 | 5,418 | 4,455 | 6,580 | 5,507 | 4,763 | 3,273 | 3,155 | 3,232 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57 | -308 | -96 | 300 | -472 | -329 | -2,517 | 1,600 | -112 | 927 | -353 | -363 | |
| 139 | 104 | 85 | -96 | 134 | 6 | -61 | 36 | 42 | 1,967 | 198 | 278 | |
| -1,142 | -161 | -75 | 111 | 26 | 301 | 2,614 | -1,566 | -19 | -2,620 | -43 | -5 | |
| Net Cash Flow | -946 | -365 | -86 | 315 | -312 | -22 | 36 | 69 | -89 | 274 | -198 | -90 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 61 | 24 | 16 | 8 | 4 | 29 | 8 | 6 | 180 | 13,237 | 16,152 |
| Inventory Days | 5 | 7 | 13 | 79 | 41 | 4 | 3 | 1 | 1 | 2 | 164 | |
| Days Payable | 23 | 68 | 29 | 23 | 25 | 14 | 10 | 11 | 13 | 358 | 109,372 | |
| Cash Conversion Cycle | 7 | -0 | 7 | 72 | 23 | -6 | 22 | -3 | -6 | -176 | -95,971 | 16,152 |
| Working Capital Days | 3 | 11 | 14 | 3 | 16 | 10 | 14 | -5 | -8 | -388 | -22,703 | -23,341 |
| ROCE % | 14% | 3% | 1% | 1% | 4% | 9% | -1% | -0% | 18% | -1% | 2% | 8% |
Documents
Announcements
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MMTC Limited Intimates Exchange Regarding Special Window- Re-Lodgement Of Transfer Requests Of Physical Shares.
21 Aug - Six-month special window (07 Jul 2025–06 Jan 2026) for re-lodgement of physical share transfers; demat issuance.
-
MMTC Ltd. Intimates The Exchange About The Financial Results For The Qt. Ended June 2025.
11 Aug - MMTC approved and disclosed Q1 FY2025 unaudited standalone and consolidated financial results with auditors' report.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Aug - MMTC has informed about the publication of extract of Unaudited Financial Results for the quarter ended on 30th June 2025.
- MMTC Has informed About Its Unaudited Quarterly Financial Results Dated 07/08/2025 7 Aug
-
Board Meeting Outcome for MMTC Has informed About Its Unaudited Quarterly Financial Results
7 Aug - Approved unaudited Q1 FY2026 standalone and consolidated financial results with auditors' report.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Verticals
Agro Products: The Co is an established supplier/buyer having over 3 decades of experience in the trade of wheat, rice, maize, sugar etc. [1]
Fertilizers: It is engaged in import of finished, intermediate and raw fertilizers and handles about 3 to 4 million tonnes of fertilizers. [2]
Metals & Industrial Raw Materials: Trading of non ferrous metals like copper, zinc etc and Industrial Raw Materials like Brown Fused Alumina, White Fused Alumina, Ferroalloys etc. [3]
Minerals: Trading of Iron ore Fines & Lumps, Chrome Ore, Chrome Concentrate, Manganese Ore and other items. [4]
Precious Metals: The Co is an authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stones. [5]