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 ₹ 1,733 Cr.
- Current Price ₹ 246
- High / Low ₹ 386 / 224
- Stock P/E 6.64
- Book Value ₹ 112
- Dividend Yield 5.24 %
- ROCE 31.1 %
- ROE 32.8 %
- Face Value ₹ 10.0
Pros
- Stock is providing a good dividend yield of 5.24%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
- Company has been maintaining a healthy dividend payout of 24.3%
Cons
- The company has delivered a poor sales growth of -12.8% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.351 Cr.
- Company has high debtors of 228 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
5,454 | 5,689 | 3,225 | 1,739 | 2,265 | 3,292 | 1,231 | 780 | 876 | 720 | |
5,276 | 5,525 | 3,386 | 1,603 | 2,578 | 3,498 | 1,083 | 831 | 867 | 765 | |
Operating Profit | 178 | 164 | -161 | 136 | -313 | -206 | 148 | -51 | 9 | -45 |
OPM % | 3% | 3% | -5% | 8% | -14% | -6% | 12% | -7% | 1% | -6% |
-114 | 90 | 83 | 137 | 528 | 48 | 65 | 214 | 247 | 351 | |
Interest | 145 | 93 | 104 | 78 | 85 | 65 | 30 | 8 | 3 | 0 |
Depreciation | 15 | 8 | 12 | 12 | 12 | 15 | 17 | 19 | 21 | 22 |
Profit before tax | -95 | 152 | -194 | 183 | 117 | -237 | 167 | 136 | 233 | 283 |
Tax % | 35% | 32% | -27% | 24% | 34% | -29% | 42% | 17% | 15% | |
Net Profit | -62 | 103 | -247 | 139 | 77 | -307 | 97 | 113 | 199 | 261 |
EPS in Rs | -70.48 | 117.51 | -280.80 | 79.06 | 21.94 | -43.62 | 13.78 | 16.05 | 28.29 | 37.06 |
Dividend Payout % | 0% | 18% | -7% | 25% | 34% | -17% | 0% | 27% | 46% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -13% |
3 Years: | -36% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 38% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 48% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 26% |
Last Year: | 33% |
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 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|
9 | 9 | 9 | 18 | 35 | 70 | 70 | 70 | 70 | 70 | |
Reserves | 749 | 829 | 306 | 388 | 696 | 318 | 404 | 488 | 584 | 716 |
873 | 1,106 | 653 | 688 | 766 | 615 | 259 | 154 | 150 | 145 | |
3,811 | 4,082 | 3,194 | 3,505 | 3,607 | 1,826 | 1,469 | 1,536 | 1,210 | 1,285 | |
Total Liabilities | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,013 | 2,217 |
68 | 73 | 62 | 66 | 69 | 83 | 96 | 89 | 140 | 134 | |
CWIP | 2 | 2 | 4 | 2 | 10 | 23 | 29 | 52 | 0 | 0 |
Investments | 0 | 0 | 0 | 3 | 9 | 14 | 11 | 14 | 21 | 20 |
5,371 | 5,951 | 4,096 | 4,529 | 5,015 | 2,708 | 2,065 | 2,093 | 1,853 | 2,062 | |
Total Assets | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,013 | 2,217 |
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 | |
---|---|---|---|---|---|---|---|---|---|
-35 | -150 | 116 | -519 | 21 | 101 | 222 | 681 | 168 | |
86 | 72 | 68 | 377 | 84 | 60 | 255 | 11 | -70 | |
-184 | 233 | -476 | 12 | -94 | -217 | -233 | -107 | -98 | |
Net Cash Flow | -134 | 154 | -292 | -130 | 11 | -56 | 245 | 585 | 0 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 257 | 266 | 292 | 726 | 642 | 207 | 434 | 416 | 228 |
Inventory Days | 3 | 11 | 3 | 22 | 1 | 1 | 4 | 10 | 12 |
Days Payable | 236 | 213 | 291 | 761 | 598 | 134 | 388 | 722 | 353 |
Cash Conversion Cycle | 24 | 64 | 3 | -13 | 45 | 74 | 50 | -295 | -113 |
Working Capital Days | 16 | 24 | -50 | 39 | 88 | 21 | 38 | -234 | -186 |
ROCE % | 14% | -6% | 25% | 16% | -14% | 23% | 20% | 31% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Directorate
2h - The BLA Cell of Ministry of Steel, Government of India vide order No. S-14011/1/2022-BLA dated 28.03.2023 has appointed Shri Ashwini Kumar (DIN -07598593), Economic Adviser, …
- Closure of Trading Window 1d
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Feb - Company had organized a conference call with the Investors/Analyst on Monday, 13th February, 2023 at 12:00 Noon IST. A copy of transcript of conference call …
- Audio Recording Of Conference Call With The Investors/ Analyst Held On 13.02.2023 14 Feb
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Scanned copy of the Extract of Unaudited Standalone and Consolidated Financial Results for the Quarter and Nine Months ended 31st December, 2022 published in the …
Annual reports
Concalls
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Jul 2021Transcript PPT
-
Feb 2021Transcript PPT
-
Dec 2020Transcript PPT
-
Sep 2020Transcript PPT
-
Jul 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Sep 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
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]