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MSTC Overview

MSTC Ltd engages in advertising, e-commerce, and scrap recovery and allied process organizations in India. It is involved in the sourcing, purchase, and sale of industrial raw substances, along with heavy melting scrap, low-ash metallurgical coke, HR coil, naphtha, crude oil, coking coal, steam coal, line pipes, and so forth. for customers, as well as traders in the metallic, oil and gas, and private and public power sectors. The agency also provides e-auction offerings for sale of ferrous and non-ferrous scraps, surplus shops, minerals, old pl...Read More

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MSTC Key Financials

Market Cap ₹3183 Cr.

Stock P/E 7.8

P/B 3.6

Current Price ₹452.2

Book Value ₹ 125.4

Face Value 10

52W High ₹581.8

Dividend Yield 8.96%

52W Low ₹ 362

MSTC Share Price

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Volume
Price

MSTC Quarterly Price

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MSTC Peer Comparison

MSTC Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 81 71 82 69 72 81 89 77 85 88
Other Income 20 24 121 17 21 15 23 16 17 18
Total Income 101 95 203 86 93 96 112 94 102 107
Total Expenditure 31 36 133 29 32 32 34 32 33 37
Operating Profit 71 59 70 57 62 64 78 62 69 69
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 3 2 2 2 3 3
Exceptional Income / Expenses 0 0 0 0 -2 275 -10 0 0 0
Profit Before Tax 69 58 68 54 57 337 65 60 66 66
Provision for Tax 20 18 48 14 14 85 -12 15 17 14
Profit After Tax 49 39 20 40 43 252 77 44 49 52
Adjustments 6 -2 -1 -1 -2 -2 -2 -2 -2 -1
Profit After Adjustments 55 37 18 39 41 251 76 42 48 51
Adjusted Earnings Per Share 7.9 5.3 2.6 5.6 5.9 35.6 10.7 6 6.7 7.3

MSTC Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 5689 3225 1739 2265 3292 1231 780 876 721 316 311 339
Other Income 89 83 137 528 48 65 214 247 158 203 77 74
Total Income 5778 3308 1876 2793 3340 1296 994 1123 879 519 388 415
Total Expenditure 5525 3386 1602 2577 3495 1080 831 867 525 227 127 136
Operating Profit 254 -78 274 216 -155 216 163 256 354 292 260 278
Interest 93 104 78 85 65 30 8 3 0 0 0 0
Depreciation 8 12 12 12 15 17 19 21 22 7 9 10
Exceptional Income / Expenses -0 -0 -0 0 0 0 0 0 0 0 263 -10
Profit Before Tax 152 -194 183 117 -237 167 136 233 329 278 508 257
Provision for Tax 49 53 44 40 70 70 23 34 87 113 101 34
Profit After Tax 103 -247 139 77 -307 97 113 199 242 165 407 222
Adjustments 0 0 0 0 0 0 0 0 0 0 0 -7
Profit After Adjustments 103 -247 139 77 -307 97 113 199 242 165 407 217
Adjusted Earnings Per Share 14.7 -35.1 19.8 11 -43.6 13.8 16 28.3 34.4 23.4 57.8 30.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% -29% -24% -25%
Operating Profit CAGR -11% 1% 4% 0%
PAT CAGR 147% 27% 33% 15%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -16% 19% 11% NA%
ROE Average 59% 38% 34% 15%
ROCE Average 61% 44% 36% 22%

MSTC Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 838 315 406 731 388 474 558 654 787 647 738
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 1 3 4 0 0 0 0
Other Non-Current Liabilities -112 -235 371 437 457 528 331 374 444 423 484
Total Current Liabilities 5132 4326 4122 4274 2359 1633 1585 1246 1797 1142 1349
Total Liabilities 5858 4406 4899 5442 3205 2639 2479 2275 3027 2212 2572
Fixed Assets 73 62 66 69 83 96 89 142 141 69 65
Other Non-Current Assets 30 102 721 764 767 804 694 665 670 746 782
Total Current Assets 5755 4240 4110 4607 2351 1736 1692 1466 2214 1397 1725
Total Assets 5858 4406 4899 5442 3205 2639 2479 2275 3027 2212 2572

MSTC Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1197 -86 91 -39 -28 -84 161 746 746 893 242
Cash Flow from Operating Activities -150 223 -519 21 101 222 681 170 844 -283 260
Cash Flow from Investing Activities 72 305 377 84 60 255 11 -72 -551 -272 165
Cash Flow from Financing Activities 233 -351 12 -94 -217 -233 -107 -98 -119 -96 -289
Net Cash Inflow / Outflow 154 177 -130 11 -56 245 585 0 175 -651 136
Closing Cash & Cash Equivalent 1350 91 -39 -28 -84 161 746 746 921 242 378

MSTC Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 14.69 -35.1 19.77 10.97 -43.62 13.78 16.05 28.28 34.37 23.44 57.82
CEPS(Rs) 15.88 -33.45 21.49 12.73 -41.54 16.14 18.7 31.24 37.47 24.48 59.11
DPS(Rs) 20.7 20.5 16.6 7.4 0 3.3 4.4 12.9 15 15.5 40.5
Book NAV/Share(Rs) 119.03 44.7 57.67 103.83 55.11 67.32 79.25 92.9 111.72 91.91 104.89
Core EBITDA Margin(%) 2.89 -4.98 7.87 -13.75 -6.17 12.26 -6.44 1.04 27.13 28.21 59.06
EBIT Margin(%) 4.32 -2.79 15.02 8.94 -5.24 15.94 18.43 26.91 45.68 87.92 163.47
Pre Tax Margin(%) 2.67 -6.03 10.51 5.17 -7.21 13.54 17.41 26.58 45.66 87.77 163.36
PAT Margin (%) 1.82 -7.66 8 3.41 -9.33 7.88 14.47 22.72 33.56 52.19 130.91
Cash Profit Margin (%) 1.97 -7.3 8.7 3.96 -8.88 9.23 16.87 25.1 36.59 54.5 133.83
ROA(%) 1.85 -4.81 2.99 1.49 -7.1 3.32 4.41 8.38 9.13 6.3 17.02
ROE(%) 12.96 -42.87 38.62 13.58 -54.89 22.51 21.89 32.85 33.59 23.03 58.76
ROCE(%) 13.74 -6.19 25.33 15.63 -13.79 22.62 19.91 31.1 37.96 32.26 60.68
Receivable days 256.56 381.12 633.94 599.47 324.38 493.87 550.05 299.51 256.03 450.19 367.66
Inventory Days 6.09 9.59 9.82 6.33 0.57 1.93 2.84 2.31 2.8 0 0
Payable days 220.77 348.75 703.86 592.66 250.44 476.43 908.95 544.98 1045.87 0 0
PER(x) 0 0 0 0 0 5.73 18.6 10.83 7.36 35.45 8.84
Price/Book(x) 0 0 0 0 2.07 1.17 3.77 3.3 2.26 9.04 4.87
Dividend Yield(%) 0 0 0 0 0 4.18 1.47 4.21 5.93 1.86 7.93
EV/Net Sales(x) -0.04 -0.11 0.12 0.11 0.3 0.47 1.92 1.69 0.45 15.7 7.67
EV/Core EBITDA(x) -0.93 4.43 0.79 1.14 -6.47 2.7 9.16 5.79 0.92 16.99 9.16
Net Sales Growth(%) 4.3 -43.31 -46.07 30.25 45.32 -62.59 -36.62 12.26 -17.71 -56.14 -1.67
EBIT Growth(%) 517.4 -136.68 390.03 -22.47 -185.13 213.86 -26.73 63.9 39.71 -15.57 82.82
PAT Growth(%) 266.74 -338.95 156.31 -44.51 -497.7 131.59 16.44 76.26 21.53 -31.79 146.64
EPS Growth(%) 266.74 -338.95 156.31 -44.51 -497.7 131.59 16.44 76.26 21.53 -31.79 146.64
Debt/Equity(x) 1.32 2.08 1.7 1.05 1.58 0.55 0.28 0.23 0.18 0.22 0.2
Current Ratio(x) 1.12 0.98 1 1.08 1 1.06 1.07 1.18 1.23 1.22 1.28
Quick Ratio(x) 1.09 0.98 0.98 1.08 0.99 1.06 1.06 1.17 1.23 1.22 1.28
Interest Cover(x) 2.63 -0.86 3.33 2.37 -2.65 6.64 18.12 83.35 2116.52 573.43 1532.95
Total Debt/Mcap(x) 0 0 0 0 0.76 0.47 0.07 0.07 0.08 0.02 0.04

MSTC Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75 64.75
FII 3.33 5.64 5.75 6.22 6.19 5.47 5.37 4.06 3.81 3.93
DII 1.35 1.2 1.94 1.63 1.66 1.69 1.34 1.23 1.23 1.21
Public 30.58 28.41 27.56 27.4 27.4 28.1 28.54 29.97 30.22 30.11
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

MSTC News

MSTC Pros & Cons

Pros

  • Company has delivered good profit growth of 33% CAGR over last 5 years
  • Stock is providing a good dividend yield of 8.96 %.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38%
  • Company is almost debt free.

Cons

  • Stock is trading at 3.6 times its book value.
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