MSTC Ltd

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

MSTC Ltd

₹ 246 2.58%
29 Mar - 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 ₹ 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
Edit ratios

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.

Peer comparison

Sector: Trading Industry: Trading

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
285 194 102 209 158 311 264 228 189 196 181 175 169
228 200 97 162 128 446 209 182 124 353 109 190 114
Operating Profit 57 -6 5 48 30 -135 55 46 65 -157 72 -15 55
OPM % 20% -3% 5% 23% 19% -43% 21% 20% 34% -80% 40% -8% 32%
10 36 3 4 7 201 5 6 9 228 14 94 14
Interest 7 5 3 2 2 1 2 1 0 0 0 0 0
Depreciation 4 5 5 5 5 4 5 5 5 6 5 5 5
Profit before tax 56 20 0 45 30 60 54 46 68 65 81 74 64
Tax % 39% 77% 700% 36% 63% -26% 38% 38% 39% -47% 33% 14% 26%
Net Profit 34 5 -3 29 11 76 34 28 41 96 54 64 47
EPS in Rs 4.82 0.67 -0.39 4.09 1.58 10.77 4.77 4.02 5.87 13.63 7.71 9.04 6.68
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75
0.00 0.00 0.00 0.00 0.02 0.12 0.17 0.30 0.34 0.31 0.31 0.35
10.94 10.87 8.79 6.60 5.45 3.37 2.50 2.23 2.36 2.17 1.72 1.54
24.31 24.39 26.47 28.65 29.79 31.76 32.58 32.72 32.56 32.78 33.22 33.35

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls