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 ₹ 6,111 Cr.
- Current Price ₹ 868
- High / Low ₹ 1,165 / 270
- Stock P/E 26.8
- Book Value ₹ 101
- Dividend Yield 1.73 %
- ROCE 46.3 %
- ROE 45.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 25.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.0%
- Company has been maintaining a healthy dividend payout of 40.1%
Cons
- Stock is trading at 8.63 times its book value
- The company has delivered a poor sales growth of -30.1% over past five years.
- Earnings include an other income of Rs.121 Cr.
- Company has high debtors of 375 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
Sector: E-Commerce/App based Aggregator Industry: Trading
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,625 | 6,366 | 5,230 | 5,425 | 2,892 | 1,429 | 1,946 | 2,927 | 831 | 428 | 471 | 325 | 325 | |
2,416 | 6,109 | 5,075 | 5,284 | 2,769 | 1,322 | 2,261 | 3,172 | 732 | 514 | 522 | 178 | 117 | |
Operating Profit | 209 | 257 | 155 | 141 | 122 | 107 | -315 | -245 | 98 | -87 | -51 | 147 | 209 |
OPM % | 8% | 4% | 3% | 3% | 4% | 7% | -16% | -8% | 12% | -20% | -11% | 45% | 64% |
71 | 89 | -127 | 82 | 76 | 69 | 513 | 42 | 62 | 211 | 279 | 173 | 121 | |
Interest | 102 | 150 | 134 | 92 | 103 | 78 | 85 | 64 | 28 | 8 | 3 | 0 | 0 |
Depreciation | 2 | 2 | 2 | -1 | 4 | 1 | 1 | 1 | 2 | 2 | 5 | 6 | 7 |
Profit before tax | 176 | 193 | -107 | 131 | 91 | 97 | 112 | -269 | 129 | 115 | 220 | 313 | 323 |
Tax % | 33% | 32% | 35% | 31% | 34% | 32% | 31% | -21% | 42% | 12% | 9% | 24% | |
118 | 131 | -70 | 91 | 60 | 65 | 77 | -324 | 75 | 101 | 200 | 239 | 228 | |
EPS in Rs | 538.14 | 148.56 | -79.58 | 103.40 | 68.05 | 37.18 | 21.77 | -46.09 | 10.68 | 14.36 | 28.42 | 33.98 | 32.45 |
Dividend Payout % | 5% | 20% | 0% | 20% | 30% | 53% | 34% | 0% | 0% | 31% | 45% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | -26% |
5 Years: | -30% |
3 Years: | -27% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 26% |
3 Years: | 47% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 54% |
3 Years: | 48% |
1 Year: | 222% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 15% |
3 Years: | 43% |
Last Year: | 45% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 9 | 9 | 9 | 9 | 18 | 35 | 70 | 70 | 70 | 70 | 70 | 70 |
Reserves | 594 | 687 | 617 | 685 | 724 | 499 | 528 | 138 | 209 | 285 | 395 | 524 | 638 |
733 | 1,018 | 862 | 1,086 | 628 | 688 | 762 | 605 | 232 | 154 | 150 | 145 | 145 | |
2,755 | 4,219 | 3,728 | 3,960 | 3,046 | 3,354 | 3,435 | 1,662 | 1,272 | 1,340 | 999 | 1,538 | 1,091 | |
Total Liabilities | 4,083 | 5,932 | 5,216 | 5,740 | 4,407 | 4,559 | 4,760 | 2,475 | 1,784 | 1,850 | 1,614 | 2,277 | 1,944 |
19 | 17 | 15 | 16 | 4 | 5 | 4 | 13 | 16 | 14 | 69 | 66 | 64 | |
CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 20 | 29 | 50 | 0 | 0 | 0 |
Investments | 16 | 16 | 16 | 16 | 16 | 19 | 26 | 34 | 34 | 38 | 44 | 46 | 46 |
4,048 | 5,899 | 5,184 | 5,708 | 4,387 | 4,535 | 4,723 | 2,407 | 1,704 | 1,747 | 1,500 | 2,165 | 1,835 | |
Total Assets | 4,083 | 5,932 | 5,216 | 5,740 | 4,407 | 4,559 | 4,760 | 2,475 | 1,784 | 1,850 | 1,614 | 2,277 | 1,944 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-81 | -164 | 110 | -490 | 70 | 60 | 233 | 665 | 71 | 768 | |||
88 | 81 | 77 | 305 | 57 | 104 | 231 | -10 | 25 | -462 | |||
-186 | 224 | -480 | 15 | -98 | -210 | -231 | -107 | -98 | -119 | |||
Net Cash Flow | -179 | 141 | -292 | -171 | 29 | -46 | 234 | 548 | -2 | 187 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 428 | 258 | 267 | 273 | 398 | 925 | 721 | 214 | 542 | 618 | 316 | 375 |
Inventory Days | 0 | 4 | 3 | 10 | 2 | 22 | 0 | 0 | 0 | 0 | 0 | |
Days Payable | 219 | 236 | 213 | 288 | 777 | |||||||
Cash Conversion Cycle | 428 | 44 | 34 | 70 | 113 | 169 | 721 | 214 | 542 | 618 | 316 | 375 |
Working Capital Days | 49 | 22 | 15 | 23 | 28 | 109 | 89 | 15 | 0 | -479 | -379 | -1,168 |
ROCE % | 23% | 16% | 14% | 12% | 14% | 16% | -19% | 24% | 24% | 40% | 46% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 16 Apr
- Compliance Certificate Under Regulation 40(10) Of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 16 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI LODR For The Year Ended 31St March, 2024 10 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 31st March, 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Apr - Copy of Newspaper publication regarding Notice of Postal Ballot is attached herewith for your information
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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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]