State Trading Corporation of India Ltd

About

State Trading Corporation of India undertakes import and export of large number of bulk commodities such as rice, wheat, sugar, pulses, edible oils, fertilisers, coal, bullion, etc. It also undertakes import of mass consumption items like wheat, sugar, pulses, etc. as and when called upon by the Government to do so.

  • Market Cap 603 Cr.
  • Current Price 100
  • High / Low 139 / 47.6
  • Stock P/E
  • Book Value -779
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -52.74% over past five years.
  • Company has high debtors of 202.00 days.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
2,836.65 1,622.60 710.34 2,260.59 156.71 315.05 204.39 195.19 37.76 14.76 2.10 0.00
2,881.90 1,646.03 740.02 2,284.47 185.46 335.14 227.12 212.17 60.67 30.36 39.27 16.23
Operating Profit -45.25 -23.43 -29.68 -23.88 -28.75 -20.09 -22.73 -16.98 -22.91 -15.60 -37.17 -16.23
OPM % -1.60% -1.44% -4.18% -1.06% -18.35% -6.38% -11.12% -8.70% -60.67% -105.69% -1,770.00%
Other Income 82.52 -742.09 -26.70 -63.37 28.58 17.17 21.75 14.37 15.06 16.63 14.17 13.65
Interest 46.36 58.30 -0.65 3.63 3.31 0.49 -0.16 0.50 0.50 0.50 0.43 0.00
Depreciation 4.04 4.01 3.39 3.91 2.84 2.86 5.90 3.81 3.82 3.69 4.57 3.97
Profit before tax -13.13 -827.83 -59.12 -94.79 -6.32 -6.27 -6.72 -6.92 -12.17 -3.16 -28.00 -6.55
Tax % -3.43% -1.43% 48.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.71% 0.00%
Net Profit -13.58 -839.69 -30.32 -94.79 -6.32 -6.27 -6.72 -6.92 -12.17 -3.16 -28.20 -6.55
EPS in Rs -2.26 -139.95 -5.05 -15.80 -1.05 -1.04 -1.12 -1.15 -2.03 -0.53 -4.70 -1.09

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
21,952 20,538 30,905 19,147 15,539 14,494 10,601 7,814 10,866 8,903 2,937 250 55
22,328 20,488 30,999 19,161 15,516 14,526 10,704 7,918 10,970 9,026 3,032 342 147
Operating Profit -376 51 -94 -14 22 -32 -103 -104 -104 -123 -95 -93 -92
OPM % -2% 0% -0% -0% 0% -0% -1% -1% -1% -1% -3% -37% -168%
Other Income 690 221 283 204 -356 239 294 129 334 -605 4 60 60
Interest 147 367 452 468 506 568 633 721 836 156 7 2 1
Depreciation 3 5 4 4 5 21 16 17 17 15 16 16 16
Profit before tax 164 -100 -267 -282 -845 -381 -457 -712 -623 -899 -114 -50 -50
Tax % 45% -22% -0% 1% 0% -1% -1% -2% 1% 2% 0% -0%
Net Profit 91 -122 -268 -278 -845 -386 -462 -729 -618 -883 -114 -50 -50
EPS in Rs 15.10 -20.26 -44.70 -46.36 -140.79 -64.40 -77.04 -121.42 -103.00 -147.17 -19.02 -8.41 -8.35
Dividend Payout % 31% -15% -4% -4% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-36%
5 Years:-53%
3 Years:-72%
TTM:-94%
Compounded Profit Growth
10 Years:4%
5 Years:14%
3 Years:24%
TTM:-54%
Stock Price CAGR
10 Years:-4%
5 Years:-5%
3 Years:-1%
1 Year:85%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
60 60 60 60 60 60 60 60 60 60 60 60
Reserves 579 -897 -1,177 -1,567 -2,412 -1,883 -2,345 -3,076 -3,692 -4,573 -4,686 -4,733
Borrowings 3,674 3,078 3,847 2,691 2,473 2,519 2,801 2,852 2,949 2,181 1,989 1,987
5,666 4,960 3,784 3,318 3,211 3,979 4,342 4,453 5,126 5,140 5,137 5,048
Total Liabilities 9,978 7,201 6,513 4,502 3,332 4,676 4,858 4,290 4,443 2,808 2,499 2,361
36 63 60 65 69 964 950 934 918 904 887 871
CWIP 28 4 10 9 1 0 0 1 2 0 0 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0
9,915 7,134 6,443 4,428 3,262 3,710 3,907 3,355 3,523 1,903 1,612 1,488
Total Assets 9,978 7,201 6,513 4,502 3,332 4,676 4,858 4,290 4,443 2,808 2,499 2,361

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-2,316 1,575 -1,004 534 161 24 -153 71 207 1,371 -449 -194
97 19 14 6 16 26 29 33 36 27 376 143
2,296 -1,125 324 -701 -385 -93 131 -106 -229 -901 -200 -2
Net Cash Flow 76 469 -666 -162 -207 -43 7 -2 14 497 -273 -53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 94 38 41 44 46 61 91 99 75 5 21 202
Inventory Days 28 24 7 1 0 0 0 2 0 0 0 0
Days Payable 45 34 12 15 7 18 22 8 7 8 25 229
Cash Conversion Cycle 78 28 36 30 39 43 69 92 67 -3 -3 -27
Working Capital Days 59 -0 23 10 2 -6 -14 -49 -56 -136 -688 -8,147
ROCE % 10% 11% 17% 35% 47% 23% 87%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00
1.96 1.95 1.97 1.98 1.99 1.94 1.92 1.92 1.92 1.92 1.79 1.12
0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.08 0.08 0.08
8.04 8.03 8.01 7.99 7.98 8.03 8.06 8.06 8.06 8.01 8.13 8.80

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