Mstc Limited

NSE: MSTCLTDTrading & Distributors

Share price

₹668.40

-4.34% close of 8 Oct 2026

Market cap ₹4,679 CrP/E 20.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4,679 Cr

P/E ratio

20.0

P/B ratio

5.2

ROCE

30.3%

ROE

26.6%

Dividend yield

2.3%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹785.6552-week low ₹365.85

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 21.0% over the past year, and -23.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 3.5% to 60.1% over the last four years.

Whether it grew faster than its sector

It grew -23.6% a year against a sector median of 9.8% — 33.4 percentage points slower.

Room to re-rate, or risk of de-rating

At 20.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 40.5×, across 5 companies. It is against its own five-year median of 17.6×, the 61st percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

	Profit growth	Price per ₹1 profit	Per 1% growth
Mstc Limited — this one	-3%/yr	20.0×	—
Redington Limited	5%/yr	16.8×	₹3.4
MMTC Limited	-31%/yr	40.5×	—
BN Agrochem Limited	441%/yr	114.9×	—
Creative Newtech Limited	36%/yr	21.6×	₹0.60
Shiv Aum Steels Limited	-20%/yr	77.2×	—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Trading & Distributors), it ranks 1 of 30 on returns, 23 of 24 on growth, 2 of 30 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 30.3% on capital, ahead of 97% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹963 crore of cash from the business, spent ₹209 crore on plant and equipment, and returned ₹656 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 119 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being paid 249 days before it paid its own suppliers to paid 789 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 8 checks clear · 88%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue up 22% to a record first quarter, but the promised certificate exchange has still not opened.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹94 Cr

Revenue vs last year

+22.4%

Revenue vs last quarter

-20.8%

Net profit

₹58 Cr

Profit vs last year

+38.6%

Profit vs last quarter

-24.4%

Net margin

61.8%

EPS

₹8.27

Earnings call transcript · 14 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹4,679 Cr
Prev close: ₹668.40
52w High: ₹805
52w Low: ₹362
Enterprise value: ₹3,496 Cr
Beta: 1.5
Price CAGR 1y: 32.0%
Price CAGR 3y: 19.0%
Price CAGR 5y: 15.0%
Price CAGR 10y: —

Ratios

Return on assets: 10.8%
PEG ratio: -6.7
P/E ratio: 20.0
P/B ratio: 5.2
EV / EBITDA: 14.9
Industry P/E: 20.0
ROCE: 30.3%
ROCE 5y average: 32.0%
ROE: 26.6%
Debt / Equity: 0.2
Interest coverage: —
Dividend yield: 2.3%
ROE 3y average: 21.0%
ROE last year: 27.0%

Annual P&L

Annual revenue: ₹370 Cr
Annual profit: ₹218 Cr
Operating margin: 59.0%
Net profit margin: 58.9%
EBITDA margin: 59.5%
Sales growth 3y: -19.9%
Sales growth 5y: -13.9%
Profit growth 3y: -3.0%
Profit growth 5y: 14.0%
EPS: ₹31.0
Sales growth TTM: 21.0%
Profit growth TTM: 8.0%
Dividend payout: 51.0%

Quarter P&L

Sales latest quarter: ₹94 Cr
Profit latest quarter: ₹58 Cr
YoY quarterly sales growth: 21.7%
YoY quarterly profit growth: 38.1%
OPM latest quarter: 61.3%

Balance Sheet

Book Value: ₹129
Face Value: ₹10.0
Total debt: ₹145 Cr
Total cash: ₹1,328 Cr
Borrowings: ₹145 Cr
Reserves / Equity: 11.9

Cash Flow

Operating cash flow: -₹28 Cr
Free cash flow: -₹50 Cr
FCF yield: -1.1%
Net cash flow: ₹176 Cr

Shareholding

Promoter holding: 64.8%
FII holding: 4.9%
DII holding: 1.3%
Public holding: 29.1%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
Redington	389.25	16.9	30,431	1.53	453.5	76.5	34,922.5	34.6	18.4
MMTC	55.12	41.1	8,268	0.00	104.2	135.5	0.7	-50.0	8.7
MSTC	684.80	20.5	4,821	2.33	58.2	37.5	94.2	21.7	30.3
BN Agrochem	196.10	112.3	1,917	0.00	3.0	-85.2	257.5	26.7	4.4
Creative Newtech	1,057.80	21.6	1,588	0.05	13.5	33.0	476.1	20.8	18.8
Pervasive Comm.	12.83		1,156	0.00	0.0	-90.0	0.5	-86.6	22.1
RRP Defense	608.65		835	0.00	-1.6	-700.0	0.0		-11.1
Median	69.12	22.3	231	0.00	3.0	62.0	42.1	17.2	5.4

Competes with: ABM International Limited, Akg Exim Limited, Anik Industries Limited, Asian Tea & Exports Limited, BN Agrochem Limited, Confidence Futuristic Energetech Limited, Cravatex Limited, Creative Newtech Limited, Goyal Aluminiums Limited, Integra Essentia Limited, KSR Footwear Limited, Kothari Products Limited, Lahoti Overseas Limited, Landsmill Green Limited, MMTC Limited, Metroglobal Limited, Minal Industries Limited, Oswal Agro Mills Limited, Prismx Global Ventures Limited, Redington Limited, SHIVAUM, Sakuma Exports Limited, Shyam Telecom Limited, Sicagen India Limited, Signet Industries Limited, Spacenet Enterprises India Limited, The State Trading Corporation of India Limited, Uma Exports Limited, Vikas Lifecare Limited, Vintage Coffee And Beverages Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026

Line item	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	179	81	185	199	69	72	81	89	77	85	88	119	94
Expenses	114	33	123	232	30	33	34	36	34	35	39	43	37
Material Cost								0	0	0	0	0	0
Change in Inventories								0	0	0	0	0	0
Purchases of Stock-in-Trade								0	0	0	0	0	0
Employee Cost								24	23	23	27	26	27
Other Expenses								9.94	8.53	10	11	17	9.01
Operating Profit	65	48	62	-33	39	39	47	53	44	50	50	76	58
OPM %	36	60	34	-17	56	54	58	59	56	59	56	64	61
Other Income	21	29	19	147	17	19	291	13	16	17	18	32	24
Exceptional items (within Other Income)								-10	0	0	0	0	0
Interest	0	2	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	0	7	6	2	3	2	2	2	3	3	3	3
Profit before tax	81	75	75	107	53	55	336	64	58	65	65	105	79
Tax %	37	26	33	55	26	25	25	-19	27	26	22	26	26
Net Profit	51	55	50	48	39	41	251	76	42	48	51	77	58
EPS in Rs	7.19	7.86	7.10	6.88	5.58	5.89	36	11	6.01	6.75	7.30	11	8.27
Diluted EPS in Rs								11	6.01	6.75	7.30	11	8.27

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5,689	3,225	1,739	2,265	3,292	1,231	780	876	721	316	311	370	386
Expenses	5,525	3,386	1,603	2,578	3,498	1,083	831	867	528	234	133	150	153
Material Cost											0	0
Change in Inventories											0	0
Purchases of Stock-in-Trade											0	0
Employee Cost											91	99
Other Expenses											36	47
Operating Profit	164	-161	136	-313	-206	148	-51	9	193	82	178	220	233
OPM %	2.90	-5	8	-14	-6	12	-7	1	27	26	57	59	60
Other Income	90	83	137	528	48	65	214	247	158	203	340	83	91
Exceptional items (within Other Income)											263	0
Interest	93	104	78	85	65	30	8	3	0	0	0.18	0	0
Depreciation	8	12	12	12	15	17	19	21	22	7.32	9.09	10	11
Profit before tax	152	-194	183	117	-237	167	136	233	329	278	508	292	313
Tax %	32	27	24	34	29	42	17	15	26	41	20	25
Net Profit	103	-247	139	77	-307	97	113	199	242	165	407	218	234
EPS in Rs	118	-281	79	22	-44	14	16	28	34	23	58	31	33
Diluted EPS in Rs											58	31
Dividend Payout %	18	-7	25	34	-17	0	27	46	44	66	70	51

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: -19%
5 years: -14%
3 years: -20%
TTM: 21%

Compounded profit growth

10 years: 11%
5 years: 14%
3 years: -3%
TTM: 8%

Stock price CAGR

10 years: —
5 years: 15%
3 years: 19%
1 year: 32%

Return on equity

10 years: 17%
5 years: 26%
3 years: 21%
Last year: 27%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	18	35	70	70	70	70	70	70	70	70
Reserves	829	306	388	696	318	404	488	584	716	577	668	834
Borrowings	1,106	653	688	766	615	259	154	150	145	145	145	145
Other Liabilities	4,082	3,194	3,505	3,607	1,826	1,469	1,536	1,211	1,758	1,030	1,235	962
Minority Interest												0
Total Liabilities	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	1,822	2,118	2,011
Fixed Assets	73	62	66	69	83	96	89	142	141	68	65	206
CWIP	2	4	2	10	23	29	52	0	0	0	0	0
Investments	0	0	3	9	14	11	14	21	19	28	12	12
Other Assets	5,951	4,096	4,529	5,015	2,708	2,065	2,093	1,853	2,529	1,725	2,042	1,792
Total Assets	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	1,822	2,118	2,011

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-150	116	-519	21	101	222	681	170	844	-283	260	-28
Cash from Investing Activity	72	68	377	84	60	255	11	-72	-551	-272	165	257
Cash from Financing Activity	233	-476	12	-94	-217	-233	-107	-98	-119	-96	-289	-54
Net Cash Flow	154	-292	-130	11	-56	245	585	0	175	-651	136	176
Free Cash Flow	-165	112	-534	-3	67	187	647	148	811	-390	235	-50

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	266	292	726	642	207	434	416	228	235	366	363	224
Inventory Days	11	3	22	1	1	4	10	12	35
Days Payable	213	291	761	598	134	388	722	356	903
Cash Conversion Cycle	64	3	-13	45	74	50	-295	-116	-634	366	363	224
Working Capital Days	24	-50	-105	-35	-47	-38	-304	-249	-599	-894	-1,154	-789
ROCE %	14	-6	25	16	-14	23	20	31	38	32	29	30

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	65	65	65	65	65	65	65	65	65	65	65	65
FIIs	3.59	3.33	5.64	5.76	6.21	6.18	5.47	5.37	4.06	3.80	3.93	4.91
DIIs	1.43	1.35	1.19	1.94	1.63	1.68	1.68	1.34	1.22	1.22	1.20	1.29
Public	30	31	28	28	27	27	28	29	30	30	30	29
No. of Shareholders	49,411	56,753	69,534	68,971	76,702	77,267	83,047	84,422	85,904	92,047	92,581	87,424

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +22.8% (₹544.35 → ₹668.40)Brick size ₹30.93 (fixed)Bricks 25

Price moved up one brickPrice moved down one brickLast close ₹668.40 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-1,183inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

FY revenue / permanent employees + workers, same basis (calc)

1,27,90,886inr

2026-03-31

News

News and filings about Mstc Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

end-of-life vehicles (ELVs) & white goods

Depends on the price of

Iron Ore
coal
steel

Sells to

Bharat Sanchar Nigam Ltd · e-auction / e-procurement services (surplus/disposal)
Coal India · coal e-auction / NRS linkage auction platform services
Hindustan Petroleum Corporation Limited · e-auction / e-procurement services (disposal & procurement)
Indian Oil Corporation · e-auction / e-procurement & petroleum EXIM portal services
Ministry of Defence · e-auction services for scrap, surplus stores & asset disposal
NMDC Limited · e-auction services for iron ore, diamonds & minerals
Oil & Natural Gas Corporation · e-auction / e-procurement services (surplus disposal & procurement)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Services
Industry: Trading & Distributors
Classification: Services › Trading & Distributors
ISIN: INE255X01014

Business segments

E-commerce · 91%
Marketing · 6%
Others (unallocable) · 3%

Plants

CERO / Mahindra MSTC Recycling RVSF - Ahmedabad · Ahmedabad, Gujarat
CERO / Mahindra MSTC Recycling RVSF - Bengaluru · Bengaluru, Karnataka
CERO / Mahindra MSTC Recycling RVSF - Chennai · Chennai, Tamil Nadu
CERO / Mahindra MSTC Recycling RVSF - Greater Noida · Greater Noida, Uttar Pradesh
CERO / Mahindra MSTC Recycling RVSF - Guwahati · Guwahati, Assam
CERO / Mahindra MSTC Recycling RVSF - Indore · Indore, Madhya Pradesh
CERO / Mahindra MSTC Recycling RVSF - Pune · Pune, Maharashtra

News impact

Big market events that reach Mstc Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

17 Sep 2026	unspecified	₹8.1
18 Feb 2026	interim	₹7.6
2 Apr 2025	interim	₹4.5
14 Feb 2025	interim	₹32
22 Nov 2024	interim	₹4
10 Sep 2024	unspecified	₹5
20 Feb 2024	interim	₹5
16 Nov 2023	interim	₹5.5

Splits, bonuses & buybacks

daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020

Bulk & block deals

Date	Who	Bought / sold	Shares	Price
17 Jun 2026	HRTI PRIVATE LIMITED	SELL	3,99,803	₹697.10
17 Jun 2026	HRTI PRIVATE LIMITED	BUY	3,74,972	₹694.71
16 Jun 2026	JUNOMONETA FINSOL PRIVATE LIMITED	BUY	6,81,024	₹686.41
16 Jun 2026	JUNOMONETA FINSOL PRIVATE LIMITED	SELL	6,79,810	₹686.63
16 Jun 2026	MICROCURVES TRADING PRIVATE LIMITED	SELL	6,02,664	₹691.10
16 Jun 2026	MICROCURVES TRADING PRIVATE LIMITED	BUY	6,02,664	₹690.90
16 Jun 2026	HRTI PRIVATE LIMITED	SELL	5,27,988	₹680.22
16 Jun 2026	HRTI PRIVATE LIMITED	BUY	5,13,180	₹680.75
16 Jun 2026	QE SECURITIES LLP	SELL	4,64,009	₹674.56
16 Jun 2026	QE SECURITIES LLP	BUY	4,60,773	₹683.95

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.