MSTC Ltd

About [ edit ]

MSTC is engaged in the business of trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest produces etc.

  • Market Cap 1,881 Cr.
  • Current Price 267
  • High / Low 400 / 89.0
  • Stock P/E 45.0
  • Book Value 66.9
  • Dividend Yield 1.23 %
  • ROCE 22.6 %
  • ROE 22.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 4.00 times its book value
  • The company has delivered a poor sales growth of -26.37% over past five years.
  • Company has a low return on equity of -8.53% for last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.49.77 Cr.
  • Company has high debtors of 433.54 days.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
635 842 986 829 485 267 285 194 102 209 158
541 1,235 912 817 434 222 228 200 97 162 128
Operating Profit 94 -393 74 12 52 45 57 -6 5 48 30
OPM % 15% -47% 7% 1% 11% 17% 20% -3% 5% 23% 19%
Other Income 5 10 27 14 6 12 10 36 3 4 7
Interest 17 16 16 8 9 8 7 5 3 2 2
Depreciation 3 3 4 4 4 4 4 5 5 5 5
Profit before tax 79 -403 80 13 45 45 56 20 0 45 30
Tax % 31% -8% 36% -116% 36% 35% 39% 77% 700% 36% 63%
Net Profit 54 -435 51 29 29 29 34 5 -3 29 11
EPS in Rs 15.38 -123.52 14.52 4.10 4.13 4.17 4.82 0.67 -0.39 4.09 1.58

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
5,454 5,689 3,225 1,739 2,265 3,292 1,231 663
5,276 5,525 3,386 1,603 2,578 3,498 1,083 587
Operating Profit 178 164 -161 136 -313 -206 148 77
OPM % 3% 3% -5% 8% -14% -6% 12% 12%
Other Income -114 89 83 137 528 48 65 50
Interest 145 93 104 78 85 65 30 11
Depreciation 15 8 12 12 12 15 17 19
Profit before tax -95 152 -194 183 117 -237 167 96
Tax % 35% 32% -27% 24% 34% -29% 42%
Net Profit -62 103 -247 139 77 -307 97 42
EPS in Rs -70.48 117.51 -280.80 79.06 21.94 -43.62 13.78 5.95
Dividend Payout % -0% 18% -7% 25% 34% -17% 24%
Compounded Sales Growth
10 Years:%
5 Years:-26%
3 Years:-11%
TTM:-64%
Compounded Profit Growth
10 Years:%
5 Years:-1%
3 Years:-11%
TTM:-65%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:199%
Return on Equity
10 Years:%
5 Years:-10%
3 Years:-9%
Last Year:23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
9 9 9 18 35 70 70 70
Reserves 749 829 306 388 696 318 404 401
Borrowings 873 1,106 653 688 766 615 259 158
3,811 4,082 3,194 3,505 3,607 1,826 1,470 1,412
Total Liabilities 5,441 6,026 4,162 4,600 5,104 2,829 2,202 2,041
68 73 62 66 69 83 96 88
CWIP 2 2 4 2 10 23 29 36
Investments -0 -0 -0 3 9 14 11 10
5,371 5,951 4,096 4,529 5,015 2,708 2,066 1,907
Total Assets 5,441 6,026 4,162 4,600 5,104 2,829 2,202 2,041

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-35 -150 116 -519 21 101 222
86 72 68 377 84 60 128
-184 233 -476 12 -94 -217 -233
Net Cash Flow -134 154 -292 -130 11 -56 117

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% -6% 25% 16% -14% 23%
Debtor Days 257 266 292 726 642 207 434
Inventory Turnover 54.64 32.15 26.26 39.97 420.19 80.99

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75
1.92 1.73 0.00 0.02 0.00 0.00 0.00 0.00 0.02
14.65 14.44 14.42 11.36 10.94 10.87 8.79 6.60 5.45
0.44 0.89 0.89 0.45 0.00 0.00 0.00 0.00 0.00
18.25 18.20 19.94 23.43 24.31 24.39 26.47 28.65 29.79

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