MSTC Ltd
MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc.[1] The company is owned and controlled by the Government of India.
- Market Cap ₹ 3,795 Cr.
- Current Price ₹ 539
- High / Low ₹ 810 / 411
- Stock P/E 17.9
- Book Value ₹ 107
- Dividend Yield 7.51 %
- ROCE 28.2 %
- ROE 27.2 %
- Face Value ₹ 10.0
Pros
- Stock is providing a good dividend yield of 7.68%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
- Company has been maintaining a healthy dividend payout of 59.5%
Cons
- The company has delivered a poor sales growth of -17.8% over past five years.
- Earnings include an other income of Rs.339 Cr.
- Company has high debtors of 363 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.
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5,230 | 5,425 | 2,892 | 1,429 | 1,946 | 2,927 | 831 | 428 | 471 | 325 | 316 | 311 | 319 | |
5,075 | 5,284 | 2,769 | 1,322 | 2,261 | 3,172 | 732 | 514 | 522 | 178 | 227 | 137 | 140 | |
Operating Profit | 155 | 141 | 122 | 107 | -315 | -245 | 98 | -87 | -51 | 147 | 89 | 174 | 179 |
OPM % | 3% | 3% | 4% | 7% | -16% | -8% | 12% | -20% | -11% | 45% | 28% | 56% | 56% |
-127 | 82 | 76 | 69 | 513 | 42 | 62 | 211 | 279 | 173 | 203 | 340 | 339 | |
Interest | 134 | 92 | 103 | 78 | 85 | 64 | 28 | 8 | 3 | 0 | 0 | 0 | 0 |
Depreciation | 2 | -1 | 4 | 1 | 1 | 1 | 2 | 2 | 5 | 6 | 7 | 9 | 9 |
Profit before tax | -107 | 131 | 91 | 97 | 112 | -269 | 129 | 115 | 220 | 313 | 284 | 504 | 509 |
Tax % | -35% | 31% | 34% | 32% | 31% | 21% | 42% | 12% | 9% | 24% | 40% | 20% | |
-70 | 91 | 60 | 65 | 77 | -324 | 75 | 101 | 200 | 239 | 172 | 403 | 407 | |
EPS in Rs | -79.58 | 103.40 | 68.05 | 37.18 | 21.77 | -46.09 | 10.68 | 14.36 | 28.42 | 33.98 | 24.42 | 57.24 | 57.80 |
Dividend Payout % | 0% | 20% | 30% | 53% | 34% | 0% | 0% | 31% | 45% | 44% | 63% | 71% |
Compounded Sales Growth | |
---|---|
10 Years: | -25% |
5 Years: | -18% |
3 Years: | -13% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 21% |
3 Years: | -1% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 24% |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 35% |
3 Years: | 32% |
Last Year: | 27% |
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 | 9 | 9 | 9 | 18 | 35 | 70 | 70 | 70 | 70 | 70 | 70 | 70 |
Reserves | 617 | 685 | 724 | 499 | 528 | 138 | 209 | 285 | 395 | 524 | 594 | 681 |
862 | 1,086 | 628 | 688 | 762 | 605 | 232 | 154 | 150 | 145 | 145 | 145 | |
3,728 | 3,960 | 3,046 | 3,354 | 3,435 | 1,662 | 1,272 | 1,340 | 999 | 1,538 | 1,030 | 1,235 | |
Total Liabilities | 5,216 | 5,740 | 4,407 | 4,559 | 4,760 | 2,475 | 1,784 | 1,850 | 1,614 | 2,277 | 1,840 | 2,132 |
15 | 16 | 4 | 5 | 4 | 13 | 16 | 14 | 69 | 66 | 68 | 65 | |
CWIP | 1 | 0 | 0 | 0 | 6 | 20 | 29 | 50 | 0 | 0 | 0 | 0 |
Investments | 16 | 16 | 16 | 19 | 26 | 34 | 34 | 38 | 44 | 46 | 46 | 25 |
5,184 | 5,708 | 4,387 | 4,535 | 4,723 | 2,407 | 1,704 | 1,747 | 1,500 | 2,165 | 1,725 | 2,042 | |
Total Assets | 5,216 | 5,740 | 4,407 | 4,559 | 4,760 | 2,475 | 1,784 | 1,850 | 1,614 | 2,277 | 1,840 | 2,132 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-81 | -164 | 110 | -490 | 70 | 60 | 233 | 665 | 71 | 768 | -283 | 260 | |
88 | 81 | 77 | 305 | 57 | 104 | 231 | -10 | 25 | -462 | -272 | 165 | |
-186 | 224 | -480 | 15 | -98 | -210 | -231 | -107 | -98 | -119 | -96 | -289 | |
Net Cash Flow | -179 | 141 | -292 | -171 | 29 | -46 | 234 | 548 | -2 | 187 | -651 | 136 |
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 | 267 | 273 | 398 | 925 | 721 | 214 | 542 | 618 | 316 | 375 | 366 | 363 |
Inventory Days | 3 | 10 | 2 | 22 | 0 | 0 | 0 | 0 | 0 | |||
Days Payable | 236 | 213 | 288 | 777 | ||||||||
Cash Conversion Cycle | 34 | 70 | 113 | 169 | 721 | 214 | 542 | 618 | 316 | 375 | 366 | 363 |
Working Capital Days | 15 | 23 | 28 | -67 | -53 | -61 | -100 | -607 | -495 | -1,331 | -894 | -1,154 |
ROCE % | 16% | 14% | 12% | 14% | 16% | -19% | 24% | 24% | 40% | 46% | 37% | 28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - 12 Sep 2025: CPCB recommended MSTC to develop and operate National EPR Certificate Trading Platform.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Sep - Copy of Newspaper publication for Notice of 60th Annual General Meeting, E-Voting information and Book Closure.
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Business Responsibility and Sustainability Reporting (BRSR)
1 Sep - BRSR FY2024-25 submitted; forms part of MSTC Annual Report (filed 1 Sep 2025).
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Reg. 34 (1) Annual Report.
1 Sep - Annual Report 2024-25; 60th AGM on Sep 24, 2025; interim dividends confirmed; director and auditor appointments.
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Intimation Of Book Closure Dates For The Purpose Of 60Th Annual General Meeting Of The Company.
1 Sep - 60th AGM on 24 Sep 2025; book closure Sep18-24; confirms interim dividends; appoints govt nominee and independent directors.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2025Transcript PPT
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Nov 2023Transcript PPT REC
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Dec 2020Transcript PPT
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Jul 2020Transcript PPT
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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
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Sep 2019TranscriptPPT
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Aug 2019TranscriptPPT
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Jun 2019TranscriptPPT
Trading/ Marketing Business (~37% of revenues in FY22) [1]
The company acts as a facilitator for procurement of raw material for secondary steel producers and petrochemical industry on behalf of buyers and charges mark-up on a percentage basis.
The business is involved in import as well as domestic sourcing of bulk industrial raw material for actual users as well as traders. It sources raw materials like heavy melting scrap, low ash metallurgical coke, HR coil, Naptha, crude oil, coking coal, etc. [2]