Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹624 Cr.
Stock P/E
25.2
P/B
-0.1
Current Price
₹103.9
Book Value
₹ -806
Face Value
10
52W High
₹150.1
52W Low
₹ 97.4
Dividend Yield
0%

State Trading Corpn. Overview

Business

The State Trading Corporation Of India Ltd. (STCINDIA) is a government-owned enterprise engaged in various trading activities, both domestic and international. Its core business model revolves around facilitating the import and export of a wide range of commodities and industrial products. Historically, it has played a significant role in canalized imports/exports (where the government designates specific agencies for trade in certain goods) and managing buffer stocks. The company primarily makes money through margins on its trading transactions, commissions on agency functions, and potentially through storage and logistics services.

Revenue Mix

Specific and detailed breakdown of revenue by major business segments is not publicly available or provided. Historically, STC has been involved in trading agricultural commodities (like wheat, sugar, rice, edible oils), minerals, metals, chemicals, fertilizers, and industrial products. Its revenue mix likely fluctuates based on government mandates, commodity market conditions, and its strategic involvement in various supply chains.

Industry

The company operates within the broad trading sector in India, which is highly diverse and includes various private and public players. The overall trading industry for bulk commodities can be competitive, with many private domestic and international firms. As a "State Trading Corporation," STCINDIA occupies a unique position, often acting as an extended arm of the government for strategic trade, price stabilization, and ensuring supply of essential goods. Its positioning is less about direct market competition with agile private traders in all segments, and more about fulfilling government mandates or participating in large-scale strategic procurements/exports.

MOAT

STCINDIA's primary competitive advantages stem from its status as a government-owned entity. This often translates into:

Government Mandate/Backing: Preferential treatment or designated roles in specific government-to-government (G2G) deals, canalized trade, or large public sector procurements.

Scale & Reach: Ability to handle large volumes of commodities due to institutional support and established infrastructure over decades.

Credibility: Backing by the Government of India provides a degree of trust and reliability, particularly in international trade.

However, it generally lacks typical consumer brand power, strong network effects in competitive markets, or significant switching costs for non-mandated trade partners.

Growth Drivers

Key factors that could drive STCINDIA's growth include:

Government Policy & Mandates: Increased reliance by the government on STC for managing strategic reserves, essential commodity imports/exports, or price stabilization.

Trade Liberalization/Agreements: New trade agreements or policies that create opportunities for large-scale commodity movements, where STC could play a facilitative role.

Diversification: Successful expansion into new, profitable commodity markets or value-added services (e.g., logistics, warehousing for specific sectors).

Economic Growth: Overall growth in India's economy leading to increased demand for raw materials and finished goods, thereby boosting trade volumes.

Risks

Commodity Price Volatility: Exposure to fluctuations in global commodity prices can significantly impact profitability.

Changes in Government Policy: Reduced or altered government mandates, liberalization of canalized trade, or increased private sector participation can diminish STC's strategic role and revenue.

Geopolitical Risks: Global trade disruptions, protectionism, and international sanctions can affect its international trading operations.

Competition: Increasing competition from efficient private trading houses in non-mandated segments.

Forex Fluctuations: Exposure to currency risks given its international trading activities.

Operational Inefficiencies: As a PSU, it may face challenges related to agility, decision-making speed, and cost efficiency compared to private players.

Management & Ownership

The State Trading Corporation Of India Ltd. is predominantly owned by the Government of India. As a Public Sector Undertaking (PSU), its management typically consists of civil servants or professionals appointed by the government. The focus of management is often aligned with government policies, social objectives, and stability rather than aggressive market-share driven growth or maximizing short-term shareholder returns in a purely private-enterprise sense.

Outlook

STCINDIA operates in a complex environment where its fortunes are closely tied to government policy and the broader Indian and global trade landscape. The company benefits from its state backing, which provides a level of stability and preferential access to strategic trading opportunities. However, its growth trajectory is heavily dependent on specific government mandates and its ability to adapt to a more liberalized trading environment. While it has a foundational role in India's trade history, its future could be characterized by continued involvement in strategic sectors, but also by the challenge of remaining competitive and agile alongside private sector counterparts. Potential for significant market-driven growth outside of specific government roles may be constrained by its public sector structure and objectives.

State Trading Corpn. Share Price

Live · BSE / NSE · Inception: 1956
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

State Trading Corpn. Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 25 27 40 30 27 28 23 26 25 22
Total Income 25 27 40 30 27 28 23 26 25 22
Total Expenditure 11 12 12 10 12 14 13 10 10 12
Operating Profit 14 15 28 20 15 14 10 16 15 10
Interest 0 2 0 1 0 1 0 0 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 1 0 -27 -0 0 -0 606 -0 4
Profit Before Tax 14 14 27 -7 14 14 10 621 14 13
Provision for Tax -0 0 -0 0 13 10 0 9 -2 4
Profit After Tax 14 14 27 -7 2 3 10 612 17 10
Adjustments 0 -0 -0 0 0 0 -0 0 0 0
Profit After Adjustments 14 14 27 -7 2 3 10 612 17 10
Adjusted Earnings Per Share 2.3 2.4 4.6 -1.2 0.3 0.5 1.6 102 2.8 1.6

State Trading Corpn. 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 14494 10601 7814 10866 8903 2937 250 0 0 0 0 0
Other Income 260 271 273 307 110 78 58 86 86 96 125 96
Total Income 14754 10872 8088 11173 9013 3015 307 86 86 96 125 96
Total Expenditure 14541 10704 7918 10970 9026 3032 342 54 48 47 48 45
Operating Profit 212 169 170 203 -13 -17 -35 31 38 49 77 51
Interest 568 633 721 836 156 7 2 2 2 2 2 2
Depreciation 21 16 17 17 15 15 16 0 0 0 0 0
Exceptional Income / Expenses -5 24 -144 30 -714 -74 3 -71 0 4 -27 610
Profit Before Tax -381 -457 -712 -620 -899 -114 -50 -41 36 51 48 658
Provision for Tax 5 5 17 -4 -16 0 0 45 4 0 23 11
Profit After Tax -386 -462 -729 -616 -883 -114 -50 -87 32 51 25 649
Adjustments 0 0 0 0 2 1 4 6 21 21 6 0
Profit After Adjustments -386 -462 -729 -616 -881 -113 -47 -81 52 72 31 649
Adjusted Earnings Per Share -64.4 -77 -121.4 -102.7 -147.2 -18.9 -7.8 -13.5 8.7 12 5.1 108

State Trading Corpn. 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 -1823 -2285 -3016 -3632 -4513 -4627 -4673 -4755 -4702 -4633 -4603
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 176 0 146 0 1185 0 0 0 0 0 0
Other Non-Current Liabilities 1196 1168 1077 1076 1059 1060 1024 -13 -14 -16 0
Total Current Liabilities 5053 5901 6005 7115 4990 6170 6115 7179 7171 7037 6982
Total Liabilities 4603 4785 4213 4560 2721 2604 2466 2411 2455 2387 2379
Fixed Assets 964 950 934 605 904 887 574 0 0 0 0
Other Non-Current Assets 1136 1117 1028 1351 1001 1034 1264 0 0 0 0
Total Current Assets 2502 2717 2251 2604 817 683 628 2411 2455 2387 2379
Total Assets 4603 4785 4213 4560 2721 2604 2466 2411 2455 2387 2379

State Trading Corpn. 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 45 2 9 7 21 518 244 192 195 222 288
Cash Flow from Operating Activities 24 -153 71 207 1371 -449 -194 5 -62 -23 -171
Cash Flow from Investing Activities 26 29 33 36 27 376 143 7 81 95 123
Cash Flow from Financing Activities -93 131 -106 -229 -901 -200 -2 0 0 -6 0
Net Cash Inflow / Outflow -43 7 -2 14 497 -273 -53 12 20 66 -48
Closing Cash & Cash Equivalent 2 9 7 21 518 245 192 204 215 288 240

State Trading Corpn. 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) -64.4 -77.04 -121.42 -102.7 -147.17 -18.87 -7.82 -13.54 8.74 12.03 5.1
CEPS(Rs) -60.96 -74.33 -118.63 -99.92 -144.59 -16.42 -5.76 -14.47 5.3 8.51 4.12
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -453.57 -528.48 -650.27 -752.97 -899.86 -918.52 -926.34 -939.88 -931.14 -919.11 -914.01
Core EBITDA Margin(%) -0.33 -0.97 -1.33 -0.96 -1.38 -3.25 -37.08 0 0 0 0
EBIT Margin(%) 1.29 1.66 0.11 1.99 -8.35 -3.63 -19.33 0 0 0 0
Pre Tax Margin(%) -2.63 -4.32 -9.11 -5.7 -10.1 -3.88 -20.12 0 0 0 0
PAT Margin (%) -2.67 -4.36 -9.32 -5.67 -9.92 -3.88 -20.19 0 0 0 0
Cash Profit Margin (%) -2.52 -4.21 -9.11 -5.52 -9.74 -3.35 -13.83 0 0 0 0
ROA(%) -9.83 -9.85 -16.19 -14.05 -24.25 -4.28 -1.99 -3.56 1.31 2.11 1.04
ROE(%) 0 0 0 0 0 0 0 0 0 0 0
ROCE(%) 0 0 0 0 0 0 0 0 0 0 0
Receivable days 55.32 87.22 111.02 72.79 48 18.14 225.99 0 0 0 0
Inventory Days 0.08 0.1 0.94 0.67 0.01 0.02 0.19 0 0 0 0
Payable days 13.7 23.48 19.23 6.6 8.26 23.96 262.13 0 0 0 0
PER(x) 0 0 0 0 0 0 0 0 7.83 10.32 24.99
Price/Book(x) -0.32 -0.17 -0.24 -0.18 -0.15 -0.03 -0.08 -0.1 -0.07 -0.14 -0.14
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.23 0.31 0.49 0.34 0.33 0.72 9.38 0 0 0 0
EV/Core EBITDA(x) 15.95 19.74 22.38 18.08 -221.84 -124.66 -66.91 80.48 63.14 51.64 35.11
Net Sales Growth(%) -6.72 -26.86 -26.29 39.05 -18.06 -67.02 -91.49 -100 0 0 0
EBIT Growth(%) 155.2 -5.91 -94.93 2327.38 -443.56 85.64 54.75 18.35 196.24 40.34 -6.3
PAT Growth(%) 54.26 -19.63 -57.61 15.42 -43.3 87.09 55.75 -72.16 136.6 60.67 -51.55
EPS Growth(%) 54.26 -19.63 -57.61 15.42 -43.3 87.18 58.56 -73.18 164.5 37.72 -57.58
Debt/Equity(x) -0.93 -0.88 -0.73 -0.65 -0.41 -0.36 -0.36 -0.35 -0.36 -0.36 -0.36
Current Ratio(x) 0.5 0.46 0.37 0.37 0.16 0.11 0.1 0.34 0.34 0.34 0.34
Quick Ratio(x) 0.49 0.46 0.37 0.37 0.16 0.11 0.1 0.34 0.34 0.34 0.34
Interest Cover(x) 0.33 0.28 0.01 0.26 -4.76 -14.68 -24.69 -19.67 19.54 27.48 24.77
Total Debt/Mcap(x) 2.87 5.2 2.99 3.62 2.68 10.69 4.46 3.41 4.84 2.66 2.59

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR — — -100% -100%
Operating Profit CAGR +57% +35% — -10%
PAT CAGR -51% — — —
Share Price CAGR -22% -8% -1% -2%
ROE Average 0% 0% 0% 0%
ROCE Average 0% 0% 0% 0%

State Trading Corpn. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 90 %
FII 0 %
DII (MF + Insurance) 0.43 %
Public (retail) 9.57 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 90909090909090909090
FII 000000000.040
DII 0.590.50.50.50.50.50.460.460.460.43
Public 9.419.499.59.59.59.59.549.539.59.57
Others 0000000000
Total 100100100100100100100100100100

State Trading Corpn. Peer Comparison

State Trading Corpn. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

State Trading Corpn. Pros & Cons

Pros

  • Stock is trading at -0.1 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Earnings include an other income of Rs. 125 Cr.
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