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 ₹ 3,953 Cr.
- Current Price ₹ 561
- High / Low ₹ 1,037 / 411
- Stock P/E 20.1
- Book Value ₹ 105
- Dividend Yield 7.22 %
- ROCE 25.6 %
- ROE 24.2 %
- Face Value ₹ 10.0
Pros
- Stock is providing a good dividend yield of 7.22%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%
- Company has been maintaining a healthy dividend payout of 53.1%
Cons
- The company has delivered a poor sales growth of -24.1% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,454 | 5,689 | 3,225 | 1,739 | 2,265 | 3,292 | 1,231 | 780 | 876 | 721 | 751 | 311 | |
5,276 | 5,525 | 3,386 | 1,603 | 2,578 | 3,498 | 1,083 | 831 | 867 | 528 | 597 | 133 | |
Operating Profit | 178 | 164 | -161 | 136 | -313 | -206 | 148 | -51 | 9 | 193 | 154 | 178 |
OPM % | 3% | 3% | -5% | 8% | -14% | -6% | 12% | -7% | 1% | 27% | 21% | 57% |
-114 | 90 | 83 | 137 | 528 | 48 | 65 | 214 | 247 | 158 | 211 | 340 | |
Interest | 145 | 93 | 104 | 78 | 85 | 65 | 30 | 8 | 3 | 0 | 0 | 0 |
Depreciation | 15 | 8 | 12 | 12 | 12 | 15 | 17 | 19 | 21 | 22 | 24 | 9 |
Profit before tax | -95 | 152 | -194 | 183 | 117 | -237 | 167 | 136 | 233 | 329 | 340 | 508 |
Tax % | -35% | 32% | 27% | 24% | 34% | 29% | 42% | 17% | 15% | 26% | 40% | 20% |
-62 | 103 | -247 | 139 | 77 | -307 | 97 | 113 | 199 | 242 | 204 | 407 | |
EPS in Rs | -70.48 | 117.51 | -280.80 | 79.06 | 21.94 | -43.62 | 13.78 | 16.05 | 28.28 | 34.37 | 29.03 | 57.82 |
Dividend Payout % | 0% | 18% | -7% | 25% | 34% | -17% | 0% | 27% | 46% | 44% | 53% | 62% |
Compounded Sales Growth | |
---|---|
10 Years: | -25% |
5 Years: | -24% |
3 Years: | -29% |
TTM: | -59% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 15% |
3 Years: | 0% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 26% |
1 Year: | -34% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 27% |
3 Years: | 27% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 749 | 829 | 306 | 388 | 696 | 318 | 404 | 488 | 584 | 716 | 819 | 668 |
873 | 1,106 | 653 | 688 | 766 | 615 | 259 | 154 | 150 | 145 | 145 | 145 | |
3,811 | 4,082 | 3,194 | 3,505 | 3,607 | 1,826 | 1,469 | 1,536 | 1,211 | 1,758 | 1,216 | 1,235 | |
Total Liabilities | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,690 | 2,250 | 2,118 |
68 | 73 | 62 | 66 | 69 | 83 | 96 | 89 | 142 | 141 | 150 | 65 | |
CWIP | 2 | 2 | 4 | 2 | 10 | 23 | 29 | 52 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 3 | 9 | 14 | 11 | 14 | 21 | 19 | 12 | 12 |
5,371 | 5,951 | 4,096 | 4,529 | 5,015 | 2,708 | 2,065 | 2,093 | 1,853 | 2,529 | 2,087 | 2,042 | |
Total Assets | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,690 | 2,250 | 2,118 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-35 | -150 | 116 | -519 | 21 | 101 | 222 | 681 | 170 | 844 | -312 | 260 | |
86 | 72 | 68 | 377 | 84 | 60 | 255 | 11 | -72 | -551 | -244 | 165 | |
-184 | 233 | -476 | 12 | -94 | -217 | -233 | -107 | -98 | -119 | -96 | -289 | |
Net Cash Flow | -134 | 154 | -292 | -130 | 11 | -56 | 245 | 585 | 0 | 175 | -653 | 136 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 257 | 266 | 292 | 726 | 642 | 207 | 434 | 416 | 228 | 235 | 252 | 363 |
Inventory Days | 3 | 11 | 3 | 22 | 1 | 1 | 4 | 10 | 12 | 35 | 36 | |
Days Payable | 236 | 213 | 291 | 761 | 598 | 134 | 388 | 722 | 356 | 903 | 968 | |
Cash Conversion Cycle | 24 | 64 | 3 | -13 | 45 | 74 | 50 | -295 | -116 | -634 | -679 | 363 |
Working Capital Days | 16 | 24 | -50 | 39 | 88 | 21 | 38 | -234 | -187 | -525 | -249 | -984 |
ROCE % | 14% | -6% | 25% | 16% | -14% | 23% | 20% | 31% | 38% | 35% | 26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Jun - Company had organized a conference call with the Investors/Analyst on Friday, 30th May, 2025 at 12.00 noon to discuss the financial performance of the Company …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 May - Audio recording of MSTC's Q4 and FY25 financial results conference call available online.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Copy of newspaper publication of Audited Financial Results for the quarter and year ended 31st March, 2025
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 May - Investor presentation for concall to be held on 30th May, 2025
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Announcement under Regulation 30 (LODR)-Change in Management
29 May - Appointment of two Independent Directors for three years at MSTC Limited, subject to shareholder approval.
Annual reports
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Financial Year 2024
from bse
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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
from bse
Concalls
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020Transcript PPT
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Sep 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]