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 ₹ 3,038 Cr.
- Current Price ₹ 432
- High / Low ₹ 533 / 239
- Stock P/E 13.2
- Book Value ₹ 127
- Dividend Yield 3.47 %
- ROCE 37.9 %
- ROE 33.6 %
- Face Value ₹ 10.0
Pros
- Stock is providing a good dividend yield of 3.47%.
- Company has delivered good profit growth of 25.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.0%
- Company has been maintaining a healthy dividend payout of 38.9%
Cons
- The company has delivered a poor sales growth of -20.5% over past five years.
- Earnings include an other income of Rs.94.3 Cr.
- Company has high debtors of 235 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: E-Commerce/App based Aggregator Industry: Trading
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
5,454 | 5,689 | 3,225 | 1,739 | 2,265 | 3,292 | 1,231 | 780 | 876 | 721 | 732 | |
5,276 | 5,525 | 3,386 | 1,603 | 2,578 | 3,498 | 1,083 | 831 | 867 | 528 | 471 | |
Operating Profit | 178 | 164 | -161 | 136 | -313 | -206 | 148 | -51 | 9 | 193 | 261 |
OPM % | 3% | 3% | -5% | 8% | -14% | -6% | 12% | -7% | 1% | 27% | 36% |
-114 | 90 | 83 | 137 | 528 | 48 | 65 | 214 | 247 | 158 | 94 | |
Interest | 145 | 93 | 104 | 78 | 85 | 65 | 30 | 8 | 3 | 0 | 0 |
Depreciation | 15 | 8 | 12 | 12 | 12 | 15 | 17 | 19 | 21 | 22 | 22 |
Profit before tax | -95 | 152 | -194 | 183 | 117 | -237 | 167 | 136 | 233 | 329 | 333 |
Tax % | 35% | 32% | -27% | 24% | 34% | -29% | 42% | 17% | 15% | 26% | |
-62 | 103 | -247 | 139 | 77 | -307 | 97 | 113 | 199 | 242 | 230 | |
EPS in Rs | -70.48 | 117.51 | -280.80 | 79.06 | 21.94 | -43.62 | 13.78 | 16.05 | 28.28 | 34.37 | 32.66 |
Dividend Payout % | 0% | 18% | -7% | 25% | 34% | -17% | 0% | 27% | 46% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -20% |
3 Years: | -16% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 36% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 37% |
1 Year: | 31% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 30% |
Last Year: | 34% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 18 | 35 | 70 | 70 | 70 | 70 | 70 | 70 |
Reserves | 749 | 829 | 306 | 388 | 696 | 318 | 404 | 488 | 584 | 716 | 824 |
873 | 1,106 | 653 | 688 | 766 | 615 | 259 | 154 | 150 | 145 | 145 | |
3,811 | 4,082 | 3,194 | 3,505 | 3,607 | 1,826 | 1,469 | 1,536 | 1,211 | 1,758 | 1,329 | |
Total Liabilities | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,689 | 2,369 |
68 | 73 | 62 | 66 | 69 | 83 | 96 | 89 | 142 | 141 | 135 | |
CWIP | 2 | 2 | 4 | 2 | 10 | 23 | 29 | 52 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 3 | 9 | 14 | 11 | 14 | 21 | 19 | 16 |
5,371 | 5,951 | 4,096 | 4,529 | 5,015 | 2,708 | 2,065 | 2,093 | 1,853 | 2,529 | 2,218 | |
Total Assets | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,689 | 2,369 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-35 | -150 | 116 | -519 | 21 | 101 | 222 | 681 | 170 | 886 | |
86 | 72 | 68 | 377 | 84 | 60 | 255 | 11 | -72 | -593 | |
-184 | 233 | -476 | 12 | -94 | -217 | -233 | -107 | -98 | -119 | |
Net Cash Flow | -134 | 154 | -292 | -130 | 11 | -56 | 245 | 585 | 0 | 175 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 257 | 266 | 292 | 726 | 642 | 207 | 434 | 416 | 228 | 235 |
Inventory Days | 3 | 11 | 3 | 22 | 1 | 1 | 4 | 10 | 12 | 35 |
Days Payable | 236 | 213 | 291 | 761 | 598 | 134 | 388 | 722 | 356 | 1,108 |
Cash Conversion Cycle | 24 | 64 | 3 | -13 | 45 | 74 | 50 | -295 | -116 | -839 |
Working Capital Days | 16 | 24 | -50 | 39 | 88 | 21 | 38 | -234 | -187 | -519 |
ROCE % | 14% | -6% | 25% | 16% | -14% | 23% | 20% | 31% | 38% |
Documents
Announcements
- Intimation Regarding Tenure Of Director 29 Nov
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Nov - Company has organized a conference call with the Investors/Analyst on 6th November, 2023 at 12:00 PM. A copy of transcript of conference call is attached …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Nov - Recording of conference call with the Investors/ Analyst to discuss the Financial performance of the Company for the quarter and half year ended 30th September, …
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Announcement under Regulation 30 (LODR)-Investor Presentation
4 Nov - Presentation on unaudited financial results for the quarter and half year ended 30th September, 2023 for concall with investors/analyst to be held on 6th November, …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Nov - Copy of Newspaper publication of extract of unaudited financial results for the quarter and half year ended 30th September, 2023.
Annual reports
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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
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Financial Year 2009
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Concalls
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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]