MSTCLTD · Mstc Ltd · Retail (Catalog & Mail Order)
MSTCLTD · Mstc Ltd · Retail (Catalog & Mail Order)
As of 05 Nov close
52-week range
26.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹94 Cr
Revenue YoY
PAT YoY
+37.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
5.5
P/S (TTM)
13.5
Sector P/E
31.7
Dividend yield
+2.1%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MSTCLTD (this stock) | 21.3 | 5.5 | +60.6% | +25.9% | 0.16 | +2.1% |
| iStreet Network | 111.3 | 7.1 | +5.1% | +22.4% | 0.43 | +0.2% |
| Spencer's Retail | Not available from data source | Not available from data source | -13.4% | +27.2% | -2.1 | 0.0% |
| Intrasoft Technologies | 9.2 | 0.5 | +2.5% | +5.4% | 6.12 | Not available from data source |
Promoter
stable
FII
rising 2q
MF
0.10% (0.00pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-10-27 | MSTCLTD | 0 | 0 | STRONG | BULK |
| 2026-06-17 | MSTCLTD | 374972 | 1 | MEDIUM | BULK |
| 2026-06-16 | MSTCLTD | 2671872 | 5 | WEAK | BULK |
| 2026-06-15 | MSTCLTD | 370496 | 1 | MEDIUM | BULK |
| 2026-06-09 | MSTCLTD | 730967 | 2 | MEDIUM | BULK |
| 2026-06-04 | MSTCLTD | 523349 | 1 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: MSTC Limited reported Q1 FY27 results with revenue from operations of Rs. 94.25 crores, a 22% YoY increase, driven by e-commerce revenue of Rs. 89.49 crores, the highest since listing in 2019. EBITDA margin reached 69.05%, up 3% YoY, leading to record PBT and PAT. The company exited the trading and marketing segment, transitioning to a digital solutions provider. Key projects include an EPR certificate exchange portal, a TReDS platform for trade receivables, and a travel portal (mstcsmarttravel.in) for B2B with B2C plans. The joint venture with Mahindra (MMRPL) showed its first positive PAT, driven by increased feedstock inflows from government EPR policies. Revenue diversification includes mineral block auctions, coal linkage contracts, and liquor license auctions. Financials show a 32% YoY increase in EBITDA and 31.14% growth in PAT. The company emphasized maintaining double-digit growth, though cautioned against over-reliance on cyclical scrap sales. Regulatory approvals for TReDS and EPR platforms remain pending, with operationalization expected in FY27. The travel portal awaits IATA empanelment for B2C expansion. Dividend guidance aligns with government policies (4% of net worth or 30% of PAT).
The document highlights strong revenue growth, improved margins, successful strategic transitions, and progress on key projects, with management expressing confidence in future initiatives.
Sourced from an exchange-filed transcript, dated 20 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: MSTC Limited reported its financial results for the quarter ended June 30, 2026, highlighting significant growth in both standalone and consolidated performance. Standalone EBITDA reached INR 81.49 crore, up from INR 61.88 crore in the same quarter of the previous year, while Profit Before Tax (PBT) increased to INR 78.53 crore from INR 59.63 crore. The Profit After Tax (PAT) also saw a rise, reaching INR 58.12 crore compared to INR 44.32 crore in the prior year, marking the highest Q1 PAT since the company's listing in March 2019. Consolidated results mirrored this trend, with EBITDA at INR 81.49 crore and PAT at INR 58.22 crore, up from INR 42.34 crore. The company reported a total transaction value of INR 238.14 billion through its e-commerce vertical and noted the successful auctioning of various mineral blocks and licenses. Future plans include the development of a travel portal and a TREDs platform.
Management emphasized strong financial growth and successful operational initiatives.
Sourced from an exchange-filed presentation, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: MSTC Limited held a conference call on May 30, 2026, to discuss its financial performance for the fiscal year ending March 31, 2026. Management reported a revenue from operations of approximately INR 370 crores, the highest in four years, and a year-on-year increase in profit after tax (PAT) of about 23%, excluding exceptional items. The company is transitioning to focus primarily on e-commerce, with plans to exit the marketing and trading business. Management highlighted the development of two major platforms: an electronic trading platform for EPR certificates and a B2B travel portal, both in final testing stages. The Director of Finance noted an 18.2% increase in EBITDA year-on-year, maintaining a consistent EBITDA percentage despite competition. The management expressed optimism about future growth opportunities while acknowledging ongoing global economic uncertainties.
Management reported strong financial results and emphasized growth initiatives despite macroeconomic challenges.
Sourced from an exchange-filed transcript, dated 04 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: MSTC Limited's investor presentation reported significant operational and financial performance for the fiscal year ending March 31, 2026. The company achieved a revenue from operations of Rs. 369.66 crore, marking the highest in four years, with an EBITDA of Rs. 307.49 crore, reflecting an 18.25% year-over-year increase. Profit Before Tax (PBT) before exceptional items was reported at Rs. 295.69 crore, up from Rs. 240.71 crore in the previous year. The presentation highlighted successful auctions, including 10 coal mines and over 200 major mineral blocks. MSTC also noted a reduction in impairment losses on investments. Future plans include the launch of new digital products and a complete exit from the trading vertical to focus on e-commerce and technology-driven services. The document emphasized the company's commitment to enhancing its digital platforms and advisory services.
The presentation highlighted strong financial results and strategic initiatives for growth.
Sourced from an exchange-filed presentation, dated 29 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: MSTC Limited reported a nearly double-digit growth in total revenue and EBITDA year-on-year for the first nine months of FY '26. Management noted that the growth was primarily driven by the e-commerce segment, aided by the company's consolidation efforts. The company is developing India's first exchange for trading EPR certificates, which is in an advanced stage, with trading anticipated to begin in the next fiscal year. Additionally, MSTC has successfully completed the first tranche of gold bullion allocation on its platform for DGFT. The company plans to introduce a travel booking platform in the upcoming financial year. Financial highlights included a revenue increase of 9.87% and a profit before tax growth of 9.70% before exceptional items. Management also discussed the ongoing efforts to reduce losses in its joint venture, MMRPL, and the positive trends in operational efficiency and revenue growth.
Management highlighted growth and successful initiatives during the earnings call.
Sourced from an exchange-filed transcript, dated 17 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: MSTC Limited presented its financial results for the quarter and nine months ended December 31, 2025, highlighting an EBITDA of INR 199.95 crore for 9M 2025-26, an increase from INR 182.41 crore in the same period of the previous year. The profit before exceptional items also rose to INR 192.29 crore compared to INR 175.29 crore in 9M 2024-25. The company reported a total value of goods transacted through its e-commerce and marketing verticals exceeding INR 525.55 billion. Key business updates included signing agreements for e-auctions with various organizations and successfully auctioning significant quantities of iron ore and coal blocks. MSTC outlined future plans, including the development of India's first trading exchange for Extended Producer Responsibility Certificates and a comprehensive travel portal for various users. The presentation emphasized the company's operational and financial growth during the reporting period.
Management highlighted growth in financial performance and significant business developments.
Sourced from an exchange-filed presentation, dated 11 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMSTC Limited, a government-owned enterprise, reported on its FY2025-26 operations, highlighting its role in India's digital economy through e-auctions and B2B platforms. The company emphasized its strategic alignment with national priorities like digital transformation and sustainability, expanding into resource auctions and circular economy initiatives. It noted challenges in financial parameters and the need for robust risk management frameworks.
- Strategic alignment with India's digital transformation and sustainability goals
- Expansion into resource auctions and circular economy initiatives
- Focus on e-commerce platforms and B2B transaction facilitation
Key takeaway: MSTC Limited is positioning itself as a key player in India's digital and sustainable economy through strategic expansions and platform developments.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (3 items); Default / Covenant Breach (3 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceOlder (3+ years ago)
The auditor issued a qualified opinion due to the inability to verify the title deed of a Mumbai property, and noted that the company has not defaulted on bank repayments except for subjudice cases involving Standard Chartered Bank and Indian Overseas Bank with amounts of Rs. 1436.20 million and Rs. 13.80 million respectively.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company did not comply with SEBI LODR, 2015 regulations and the Companies Act, 2013 regarding the formation of committees and board composition. Specifically, the Audit Committee meeting on 29.05.2025 had only one independent director present instead of the required two.
Earlier (1-3 years ago)
The company received notices from NSE and BSE regarding non-compliance with SEBI (LODR) Regulations, 2015 during multiple quarters, leading to monetary fines for not having the requisite number of Independent Directors and an Independent Woman Director on the Board.
Older (3+ years ago)
The company received notices from NSE and BSE regarding non-compliance with SEBI (LODR) Regulation 17(1) for the quarters ended June, September, December 2020, and March 2021, leading to monetary penalties for not having 50% independent directors on the board.
Default / Covenant Breach
3 occurrencesRecent (last 12 months)
MSTC Ltd. has not defaulted in the repayment of dues to banks, except for subjudice cases of loans from Indian Overseas Bank ₹138.23 lakhs and Standard Chartered Bank ₹14,361.97 lakhs as mentioned in Note No. 18A(a) and 18B.
Earlier (1-3 years ago)
MSTC Ltd. has not defaulted in repayment of bank dues except for subjudice cases of loans from Indian Overseas Bank ₹138.23 lakhs and Standard Chartered Bank ₹14361.97 lakhs as mentioned in Note No. 18A(a) and 18B.
Older (3+ years ago)
The company has defaulted in repayment of loans from Indian Overseas Bank (Rs. 13.80 million) and Standard Chartered Bank (Rs. 1436.20 million), which are sub-judice cases as mentioned in Notes 20(a) and 20(b) of the standalone Financial Statements.
Routine disclosures
Internal Control Weakness
1 occurrenceOlder (3+ years ago)
The auditor noted significant deficiencies in internal control related to the lack of confirmation of balances for Trade and other Receivables, Trade and other Payables, Loans and Advances, Deposits made and received, and the impact of consequent adjustments is not ascertained.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities that are disclosed in Note no. 27 and 30 (a) of the Standalone Ind AS Financial Statements.
Earlier (1-3 years ago)
The company's Board of Directors is responsible for the other information, which includes the management report but not the Standalone Ind AS financial statements or the auditor's report. Confirmation of balances was not available for several Trade and other Receivables, Trade and other Payables, Loans and Advances, Deposits made and received, and the impact of consequent adjustments required is not ascertained.
Older (3+ years ago)
The company has contingent liabilities related to Sales Tax & Customs, Money Suits, Arbitration, Income Tax, Service Tax, and Outstanding Bank Guarantees as of 31st March 2021 and 2020.
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
The company has a 50:50 joint venture with Mahindra MSTC Recycling Private Limited, as disclosed in the related party transactions section.
Management & Board Governance
1 occurrenceOlder (3+ years ago)
MSTC Limited did not comply with the minimum number of Independent Directors required in the Board of Directors composition from April 2019 and in the Audit Committee and Nomination & Remuneration Committee composition as of March 2021.