MSTC Ltd

MSTC Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MSTC Ltd

₹ 557 -0.73%
11 Jun - close price
mstcindia.co.in BSE: 542597 NSE: MSTCLTD
About

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.

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 3,925 Cr.
  • Current Price ₹ 557
  • High / Low ₹ 1,037 / 411
  • Stock P/E 20.4
  • Book Value ₹ 107
  • Dividend Yield 7.27 %
  • ROCE 28.2 %
  • ROE 27.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is providing a good dividend yield of 7.27%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
  • Company has been maintaining a healthy dividend payout of 56.8%

Cons

  • The company has delivered a poor sales growth of -17.8% over past five years.
  • Earnings include an other income of Rs.340 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.

Peer comparison

Services Services Commercial Services & Supplies Trading & Distributors

Part of BSE SmallCap BSE CPSE BSE Allcap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
91 83 80 70 91 82 81 71 82 69 72 81 89
261 26 103 27 22 28 31 36 133 29 32 32 44
Operating Profit -170 57 -23 43 69 54 51 35 -51 40 40 49 44
OPM % -187% 69% -29% 62% 76% 66% 62% 50% -62% 58% 56% 60% 50%
249 10 103 20 40 18 40 24 121 17 19 291 13
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 3 2 2
Profit before tax 78 66 79 62 107 71 88 58 68 54 57 337 55
Tax % -44% 34% 9% 22% 29% 37% 23% 32% 71% 26% 25% 25% -22%
111 44 71 48 76 45 69 39 20 40 43 252 67
EPS in Rs 15.82 6.23 10.15 6.80 10.80 6.33 9.73 5.59 2.77 5.75 6.11 35.86 9.53
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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
5,230 5,425 2,892 1,429 1,946 2,927 831 428 471 325 316 311
5,075 5,284 2,769 1,322 2,261 3,172 732 514 522 178 227 138
Operating Profit 155 141 122 107 -315 -245 98 -87 -51 147 89 173
OPM % 3% 3% 4% 7% -16% -8% 12% -20% -11% 45% 28% 56%
-127 82 76 69 513 42 62 211 279 173 203 340
Interest 134 92 103 78 85 64 28 8 3 0 0 0
Depreciation 2 -1 4 1 1 1 2 2 5 6 7 9
Profit before tax -107 131 91 97 112 -269 129 115 220 313 284 504
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
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
Dividend Payout % 0% 20% 30% 53% 34% 0% 0% 31% 45% 44% 63% 63%
Compounded Sales Growth
10 Years: -25%
5 Years: -18%
3 Years: -13%
TTM: -2%
Compounded Profit Growth
10 Years: 8%
5 Years: 21%
3 Years: -1%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 26%
1 Year: -36%
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 71 781 -283 260
88 81 77 305 57 104 231 -10 25 -475 -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 28 109 89 15 0 -479 -379 -1,183 -727 -984
ROCE % 16% 14% 12% 14% 16% -19% 24% 24% 40% 46% 37% 28%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75%
0.31% 0.31% 0.35% 0.47% 1.09% 3.59% 3.33% 5.64% 5.76% 6.21% 6.18% 5.47%
2.17% 1.72% 1.54% 1.41% 1.36% 1.43% 1.35% 1.19% 1.94% 1.63% 1.68% 1.68%
32.78% 33.22% 33.35% 33.37% 32.81% 30.24% 30.58% 28.41% 27.55% 27.40% 27.39% 28.10%
No. of Shareholders 63,40463,45962,50262,33756,22449,41156,75369,53468,97176,70277,26783,047

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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