MSTC Ltd

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

MSTC Ltd

₹ 490 -4.33%
08 Jun - close price
mstcindia.co.in BSE: 542597 NSE: MSTCLTD
About

MSTC (Metal Scrap Trade Corporation) Ltd is a Mini-Ratna Category-I PSU of GoIa and was set up in September 1964 for regulating export of ferrous scrap from India.
Currently, the company is under the Ministry of Steel, GoI and is engaged in trading items and e-commerce services, e-auctions and e-procurement services.[1]

Key Points

Company Overview[1]
MSTC was established in 1964 to regulate exports of ferrous scrap from India. Since 1991, it has been directly engaged in marketing melting scrap, coke/coal, iron ore, and other products, with gradual diversification into multiple products and services over time.
MSTC is a Mini Ratna Category-I PSU of the Government of India, headquartered in Kolkata. Post its IPO in March 2019, the Government reduced its stake to 64.75%.

Website BSE NSE
  • Market Cap ₹ 3,451 Cr.
  • Current Price ₹ 490
  • High / Low ₹ 570 / 362
  • Stock P/E 15.6
  • Book Value ₹ 131
  • Dividend Yield 8.26 %
  • ROCE 30.1 %
  • ROE 26.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
  • Company has been maintaining a healthy dividend payout of 53.3%

Cons

  • The company has delivered a poor sales growth of -2.88% over past five years.
  • Earnings include an other income of Rs.83.4 Cr.
  • Company has high debtors of 224 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 CPSE Nifty Microcap 250 Nifty Total Market BSE Services BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
91 82 81 71 82 69 72 81 89 77 85 88 119
22 28 31 36 133 29 32 32 44 32 33 37 44
Operating Profit 69 54 51 35 -51 40 40 49 44 46 52 51 75
OPM % 76% 66% 62% 50% -62% 58% 56% 60% 50% 59% 61% 58% 63%
40 18 40 24 121 17 19 291 13 16 17 18 32
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 3 2 2 2 3 3 3
Profit before tax 107 71 88 58 68 54 57 337 55 60 66 66 103
Tax % 29% 37% 23% 32% 71% 26% 25% 25% -22% 26% 26% 21% 27%
76 45 69 39 20 40 43 252 67 44 49 52 76
EPS in Rs 10.80 6.33 9.73 5.59 2.77 5.75 6.11 35.86 9.53 6.30 6.98 7.44 10.77
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5,425 2,892 1,429 1,946 2,927 831 428 471 325 316 311 370
5,284 2,769 1,322 2,261 3,172 732 514 522 178 227 137 147
Operating Profit 141 122 107 -315 -245 98 -87 -51 147 89 174 223
OPM % 3% 4% 7% -16% -8% 12% -20% -11% 45% 28% 56% 60%
82 76 69 513 42 62 211 279 173 203 340 83
Interest 92 103 78 85 64 28 8 3 0 0 0 0
Depreciation -1 4 1 1 1 2 2 5 6 7 9 10
Profit before tax 131 91 97 112 -269 129 115 220 313 284 504 296
Tax % 31% 34% 32% 31% 21% 42% 12% 9% 24% 40% 20% 25%
91 60 65 77 -324 75 101 200 239 172 403 222
EPS in Rs 103.40 68.05 37.18 21.77 -46.09 10.68 14.36 28.42 33.98 24.42 57.24 31.49
Dividend Payout % 20% 30% 53% 34% 0% 0% 31% 45% 44% 63% 71% 26%
Compounded Sales Growth
10 Years: -19%
5 Years: -3%
3 Years: 4%
TTM: 19%
Compounded Profit Growth
10 Years: 14%
5 Years: 17%
3 Years: -3%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 16%
1 Year: -13%
Return on Equity
10 Years: 20%
5 Years: 33%
3 Years: 27%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 18 35 70 70 70 70 70 70 70 70
Reserves 685 724 499 528 138 209 285 395 524 594 681 850
1,086 628 688 762 605 232 154 150 145 145 145 145
3,960 3,046 3,354 3,435 1,662 1,272 1,340 999 1,538 1,030 1,235 962
Total Liabilities 5,740 4,407 4,559 4,760 2,475 1,784 1,850 1,614 2,277 1,840 2,132 2,027
16 4 5 4 13 16 14 69 66 68 65 206
CWIP 0 0 0 6 20 29 50 0 0 0 0 0
Investments 16 16 19 26 34 34 38 44 46 46 25 28
5,708 4,387 4,535 4,723 2,407 1,704 1,747 1,500 2,165 1,725 2,042 1,792
Total Assets 5,740 4,407 4,559 4,760 2,475 1,784 1,850 1,614 2,277 1,840 2,132 2,027

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-164 110 -490 70 60 233 665 71 768 -283 260 -28
81 77 305 57 104 231 -10 25 -462 -272 165 257
224 -480 15 -98 -210 -231 -107 -98 -119 -96 -289 -54
Net Cash Flow 141 -292 -171 29 -46 234 548 -2 187 -651 136 176
Free Cash Flow -164 119 -492 63 43 219 643 61 765 -390 236 -50
CFO/OP -64% 114% -421% -33% -41% 269% -781% -187% 555% -249% 190% 7%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 273 398 925 721 214 542 618 316 375 366 363 224
Inventory Days 10 2 22 0 0 0 0 0
Days Payable 213 288 777
Cash Conversion Cycle 70 113 169 721 214 542 618 316 375 366 363 224
Working Capital Days 23 28 -67 -53 -61 -100 -607 -495 -1,331 -894 -1,154 -789
ROCE % 14% 12% 14% 16% -19% 24% 24% 40% 46% 37% 28% 30%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Value of Goods Transacted (TVG) / Volume of Business
INR Million

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Coal e-Auction Volume
INR Million
Scrap Disposal Business Volume
INR Million
Major Mineral Blocks Allotted
Number
Number of Auctions/Events Held
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75% 64.75%
1.09% 3.59% 3.33% 5.64% 5.76% 6.21% 6.18% 5.47% 5.37% 4.06% 3.80% 3.93%
1.36% 1.43% 1.35% 1.19% 1.94% 1.63% 1.68% 1.68% 1.34% 1.22% 1.22% 1.20%
32.81% 30.24% 30.58% 28.41% 27.55% 27.40% 27.39% 28.10% 28.54% 29.98% 30.22% 30.11%
No. of Shareholders 56,22449,41156,75369,53468,97176,70277,26783,04784,42285,90492,04792,581

* 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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