State Trading Corporation of India Ltd

About [ edit ]

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 605 Cr.
  • Current Price 101
  • High / Low 110 / 28.0
  • Stock P/E
  • Book Value -774
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Debtor days have improved from 33.61 to 21.26 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -27.33% over past five years.
  • Contingent liabilities of Rs.3377.93 Cr.

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
3,733.85 2,836.65 1,622.60 710.34 2,260.59 156.71 315.05 204.39 195.19 37.76 14.76
3,758.36 2,881.90 1,646.03 740.02 2,284.47 185.46 335.14 227.12 212.17 60.67 30.36
Operating Profit -24.51 -45.25 -23.43 -29.68 -23.88 -28.75 -20.09 -22.73 -16.98 -22.91 -15.60
OPM % -0.66% -1.60% -1.44% -4.18% -1.06% -18.35% -6.38% -11.12% -8.70% -60.67% -105.69%
Other Income 81.52 82.52 -742.09 -26.70 -63.37 28.58 17.17 21.75 14.37 15.06 16.63
Interest 51.59 46.36 58.30 -0.65 3.63 3.31 0.49 -0.16 0.50 0.50 0.50
Depreciation 4.02 4.04 4.01 3.39 3.91 2.84 2.86 5.90 3.81 3.82 3.69
Profit before tax 1.40 -13.13 -827.83 -59.12 -94.79 -6.32 -6.27 -6.72 -6.92 -12.17 -3.16
Tax % 32.14% -3.43% -1.43% 48.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.95 -13.58 -839.69 -30.32 -94.79 -6.32 -6.27 -6.72 -6.92 -12.17 -3.16
EPS in Rs 0.16 -2.26 -139.95 -5.05 -15.80 -1.05 -1.04 -1.12 -1.15 -2.03 -0.53
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
18,214 21,952 20,538 30,905 19,147 15,539 14,494 10,601 7,814 10,866 8,903 2,937 452
18,154 22,328 20,488 30,999 19,204 15,541 14,547 10,709 8,021 10,986 9,030 3,032 530
Operating Profit 60 -376 51 -94 -57 -2 -53 -108 -207 -120 -127 -95 -78
OPM % 0% -2% 0% -0% -0% -0% -0% -1% -3% -1% -1% -3% -17%
Other Income 232 690 221 283 247 -331 260 299 233 350 -601 4 68
Interest 74 147 367 452 468 506 568 633 721 836 156 7 1
Depreciation 2 3 5 4 4 5 21 16 17 17 15 16 17
Profit before tax 215 164 -100 -267 -282 -845 -381 -457 -712 -623 -899 -114 -29
Tax % 31% 45% -22% -0% 1% 0% -1% -1% -2% 1% 2% 0%
Net Profit 148 91 -122 -268 -278 -845 -386 -462 -729 -618 -883 -114 -29
EPS in Rs 24.70 15.10 -20.26 -44.70 -46.36 -140.79 -64.40 -77.04 -121.42 -103.00 -147.17 -19.02 -4.83
Dividend Payout % 19% 31% -15% -4% -4% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-27%
3 Years:-28%
TTM:-87%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:25%
TTM:-355%
Stock Price CAGR
10 Years:-9%
5 Years:3%
3 Years:-13%
1 Year:132%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
60 60 60 60 60 60 60 60 60 60 60 60 60
Reserves 515 579 -897 -1,177 -1,567 -2,412 -1,883 -2,345 -3,076 -3,692 -4,573 -4,687 -4,706
Borrowings 1,230 3,674 3,078 3,847 2,691 2,473 2,519 2,801 2,852 2,949 2,181 1,989 1,989
5,929 5,666 4,960 3,784 3,318 3,211 3,979 4,342 4,453 5,126 5,140 5,137 5,095
Total Liabilities 7,733 9,978 7,201 6,513 4,502 3,332 4,676 4,858 4,290 4,443 2,808 2,499 2,438
36 36 63 60 65 69 964 950 934 918 904 887 879
CWIP 0 28 4 10 9 1 0 0 1 2 0 0 0
Investments 88 0 0 0 0 0 0 0 0 0 0 0 0
7,609 9,915 7,134 6,443 4,428 3,262 3,710 3,907 3,355 3,523 1,903 1,612 1,558
Total Assets 7,733 9,978 7,201 6,513 4,502 3,332 4,676 4,858 4,290 4,443 2,808 2,499 2,438

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-146 -2,316 1,575 -1,004 534 161 24 -153 71 207 1,371 -449
25 97 19 14 6 16 26 29 33 36 27 376
250 2,296 -1,125 324 -701 -385 -93 131 -106 -229 -901 -200
Net Cash Flow 129 76 469 -666 -162 -207 -43 7 -2 14 497 -273

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 10% 11% 17% 35% 47% 23% 87%
Debtor Days 119 94 38 41 44 46 61 91 99 75 5 21
Inventory Turnover 27.61 17.98 32.88 63.17 687.56 4,379.56 3,558.33 387.68 542.52 43,363.71 15,405.05

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00
1.95 1.97 1.96 1.95 1.97 1.98 1.99 1.94 1.92 1.92 1.92 1.92
0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.08
8.05 8.03 8.04 8.03 8.01 7.99 7.98 8.03 8.06 8.06 8.06 8.01

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