MSTC Ltd
NSE: MSTCLTD BSE: 542597Metal
MSTC (Metal Scrap Trade Corporation) Ltd is a Mini-Ratna Category-I PSU of GoIa and was set up in September 1964 for regulating export of ferrous scrap from India. Currently, the company is under the Ministry of Steel, GoI and is engaged in trading items and e-commerce services, e-auctions and e-procurement services.[1]
₹417
52W: ₹362 — ₹582
PE 13.2 · Book ₹120 · +248% vs bookMarket Cap₹2,933 Cr
Stock P/E13.2Price to Earnings
ROCE28.2%Return on Capital
ROE27.2%Return on Equity
Div. Yield9.7%Face Value ₹10
Strengths
- +Stock is providing a good dividend yield of 9.68%.
- +Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
- +Company has been maintaining a healthy dividend payout of 59.5%
Weaknesses
- −The company has delivered a poor sales growth of -17.8% over past five years.
- −Company has high debtors of 363 days.
Shareholding Pattern
Promoters64.75%
FIIs3.93%
DIIs1.2%
Public30.11%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% |
| FIIs | 5.76% | 6.21%▲0.5 | 6.18%▼0.0 | 5.47%▼0.7 | 5.37%▼0.1 | 4.06%▼1.3 | 3.8%▼0.3 | 3.93%▲0.1 |
| DIIs | 1.94% | 1.63%▼0.3 | 1.68%▲0.1 | 1.68% | 1.34%▼0.3 | 1.22%▼0.1 | 1.22% | 1.2%▼0.0 |
| Public | 27.55% | 27.4%▼0.2 | 27.39%▼0.0 | 28.1%▲0.7 | 28.54%▲0.4 | 29.98%▲1.4 | 30.22%▲0.2 | 30.11%▼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 | 81 | 71 | 82 | 69 | 72 | 81 | 89 | 77 | 85 | 88 |
| Expenses | 31 | 36 | 133 | 29 | 32 | 32 | 44 | 32 | 33 | 37 |
| Operating Profit | 51 | 35 | -51 | 40 | 40 | 49 | 44 | 46 | 52 | 51 |
| OPM % | 62% | 50% | -62% | 58% | 56% | 60% | 50% | 59% | 61% | 58% |
| Net Profit | 69 | 39 | 20 | 40 | 43 | 252 | 67 | 44 | 49 | 52 |
| EPS ₹ | 9.73 | 5.59 | 2.77 | 5.75 | 6.11 | 35.86 | 9.53 | 6.3 | 6.98 | 7.44 |
AI Insights
Revenue Trend
TTM revenue at ₹340Cr, up 9.3% YoY. OPM at 57%.
Debt Position
Borrowings at ₹145Cr. Debt-to-equity ratio: 0.19x. Healthy balance sheet.
Institutional Flow
DIIs: 1.2% (-0.16pp change). FIIs: 3.93% (+2.84pp change). Promoters hold 64.75%.
Margin & Efficiency
ROCE improving from 16% (Mar 2014) to 28% (Mar 2025). Working capital days: -1154.
Valuation
PE 13.2x with 28.2% ROCE. Price is 248% above book value of ₹120. Dividend yield: 9.7%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Credit Rating 28 Apr - Acuite reaffirmed MSTC’s bank ratings on 28 April 2026 for ₹110 crore facilities.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr - MSTC filed Regulation 74(5) depository certificate for quarter ended 31 March 2026.
- Announcement under Regulation 30 (LODR)-Cessation 15 Apr - Shri Ramesh Kumar Soni ceased as Independent Director effective 15 April 2026 after completing tenure.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9 Apr - MSTC declares it is not a large corporate; outstanding borrowing was nil as of 31 March 2026.
- Disclosure As per Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulation, 2011. 8 Apr - Promoter disclosed no encumbrance on MSTC shares during FY ended 31 March 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse