MMTC Ltd
MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons. [1]
Strengths
- +Company is almost debt free.
- +Company has delivered good profit growth of 19.5% CAGR over last 5 years
Weaknesses
- −Stock is trading at 5.58 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −The company has delivered a poor sales growth of -86.3% over past five years.
- −Company has a low return on equity of -0.64% over last 3 years.
- −Earnings include an other income of Rs.565 Cr.
- −Company has high debtors of 37,136 days.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 89.93% | 89.93% | 89.93% | 89.93% | 89.93% | 89.93% | 89.93% | 89.93% |
| FIIs | 0.02% | 0.09%▲0.1 | 0.11%▲0.0 | 0.16%▲0.1 | 0.11%▼0.1 | 0.09%▼0.0 | 0.02%▼0.1 | 0.13%▲0.1 |
| DIIs | 2.66% | 2.15%▼0.5 | 1.86%▼0.3 | 1.87%▲0.0 | 1.87% | 1.84%▼0.0 | 1.77%▼0.1 | 1.77% |
| Public | 7.39% | 7.84%▲0.5 | 8.1%▲0.3 | 8.04%▼0.1 | 8.09%▲0.1 | 8.13%▲0.0 | 8.29%▲0.2 | 8.18%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 1 | 1 | 1 | 2 | 0 | 0 | 1 | 1 | 0 |
| Expenses | 32 | 37 | 33 | 51 | 32 | 31 | 27 | 24 | 23 | 23 |
| Operating Profit | -30 | -36 | -33 | -51 | -30 | -31 | -27 | -23 | -22 | -23 |
| OPM % | -1675% | -4982% | -5125% | -7788% | -1938% | -12224% | -11843% | -1699% | -2005% | -6768% |
| Net Profit | 11 | 23 | 32 | 32 | 38 | -1 | 0 | 37 | 134 | 10 |
| EPS ₹ | 0.07 | 0.15 | 0.21 | 0.21 | 0.25 | 0 | 0 | 0.24 | 0.89 | 0.07 |
AI Insights
TTM revenue at ₹3Cr, up 200% YoY. OPM at -3149%.
Borrowings at ₹35Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.
DIIs: 1.77% (-0.79pp change). FIIs: 0.13% (+0.11pp change). Promoters hold 89.93%.
ROCE declining from 14% (Mar 2014) to 8% (Mar 2025). Working capital days: -53664.
PE 177x with 8.33% ROCE. Price is 467% above book value of ₹10.9. Dividend yield: 0%.
Recent Announcements
- Board Meeting Intimation for MMTC Ltd. Intimates The Exchange About The Board Meeting Scheduled On 28.05.2026. 15 May - Board meeting on 28 May 2026 to approve audited standalone and consolidated FY26 results.
- Announcement under Regulation 30 (LODR)-Change in Management 11 May - Ms. Nigar Fatima Husain appointed Government Nominee Director on MMTC board, effective 28 Apr/7 May 2026.
- MMTC Limited Informs The Exchange About Receipt Of NIL Requests For Re-Lodgment Of Transfer Requests Of Physical Shares As Per SEBI Circular No. HO/38/13/11 (2) 2026-MIRSD-POD/I/3750/2026 Dated January 30, 2026. 6 May - MMTC reported nil re-lodgment requests for physical shares in April 2026.
- Announcement under Regulation 30 (LODR)-Cessation 29 Apr - MMTC appoints Ms. Nigar Fatima Husain as Government Nominee Director, replacing Shri Asit Gopal.
- MMTC Ltd. Informs The Exchange About The Expiry Of Tenure Of Shri Nitin Kumar Yadav, CMD (Addl. Charge), On The Board Of MMTC W.E.F. 28.04.2026. 28 Apr - Nitin Kumar Yadav’s CMD additional charge expires on 28.04.2026; ministry extension awaited.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse