MSTC Limited
NSE: MSTCLTD · Trading & Distributors · sector
₹581.90NSE close 2026-10-26
Key numbers
Market cap₹4,097 cr
Price₹581.90
52w high / low₹805 / ₹362
P/E17.5xSector median 13.7x
P/B4.5xSector median 1.0x
Book value₹128.4
Dividend yield1.30%Sector median 0.89%
ROE28.5%Sector median 2.2%
ROCE30.1%Sector median 2.5%
OPM61.1%Sector median 1.1%
Debt / equity0.16xSector median 0.08x
EV/EBITDA12.3xSector median 20.9x
Interest cover–
Current ratio1.49x
Sales growth 3y-20.0%Sector median +13.7%
Profit growth 3y-3.4%Sector median +20.7%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 157 companies in Trading & Distributors (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,328 cr vs borrowings ₹145 cr (FY26): cash is higher (net cash).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 39% of net profit in the last 12 months.
- Debtor days went from 252 (FY24) to 224 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹581.90 on 2026-10-26: -27.7% from the 52-week high, +60.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹768.60 · low ₹388.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 72 | 81 | 89 | 77 | 85 | 88 | 119 | 94 |
| EBITDA | 38 | 324 | 44 | 46 | 52 | 51 | 76 | 58 |
| OPM % | 53.4% | 399.6% | 49.6% | 58.9% | 60.6% | 57.6% | 63.9% | 61.3% |
| Other income | 21 | 15 | 23 | 16 | 17 | 18 | 32 | 24 |
| Net profit | 56 | 251 | 76 | 42 | 48 | 51 | 77 | 58 |
| EPS (₹) | 8.01 | 35.63 | 10.73 | 6.01 | 6.75 | 7.30 | 10.97 | 8.27 |
| Revenue YoY | +18.2% | +9.0% | +33.7% | +21.7% | ||||
| Profit YoY | -15.8% | -79.5% | +2.3% | +37.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 876 | 721 | 751 | 311 | 370 | 386 |
| EBITDA | 9 | 196 | 161 | 447 | 224 | 236 |
| Net profit | 199 | 242 | 204 | 407 | 218 | 234 |
| EPS (₹) | 28.29 | 34.37 | 29.03 | 57.82 | 31.03 | 33.29 |
| Revenue growth | -17.7% | +4.1% | -58.6% | +18.9% | +21.0% | |
| Profit growth | +21.5% | -15.5% | +99.2% | -46.3% | -44.9% | |
| Dividend / share (₹) | 12.90 | 16.20 | 13.70 | 41.00 | 12.10 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -20.0% | -13.9% | +21.0% |
| Net profit | -3.4% | +14.1% | -44.9% |
| EPS | -3.4% | +14.1% | – |
| Share price | – | -7.2% (2y) | +11.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 786 | 889 | 738 | 904 |
| Borrowings | – | 145 | 145 | 145 | 145 |
| Cash & equivalents | – | 1,601 | 1,148 | 1,359 | 1,328 |
| Total assets | – | 2,688 | 2,249 | 2,118 | 2,011 |
| Fixed assets | – | 133 | 137 | 53 | 194 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 463 | 519 | 310 | 227 |
| Inventory | – | 5 | 5 | 0 | 0 |
| Payables | – | 194 | 167 | 123 | 126 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 168 | 886 | -312 | 260 | -28 |
| Cash from investing | -70 | -593 | -244 | 165 | 257 |
| Cash from financing | -98 | -119 | -96 | -289 | -54 |
| Capex | 73 | 21 | 132 | 25 | 22 |
| Free cash flow | 96 | 865 | -444 | 236 | -50 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 30.8% | 23.0% | 55.1% | 24.2% |
| ROCE % | – | 35.6% | 33.6% | 58.2% | 28.3% |
| Debtor days | – | 235 | 252 | 363 | 224 |
| Inventory days | – | 29 | 31 | 0 | 0 |
| Payable days | – | 1,108 | 968 | 145 | 125 |
| Cash conversion cycle (days) | – | -844 | -685 | 218 | 99 |
| Working capital days | – | 218 | 238 | 441 | 522 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 64.75% |
| FIIs | 5.03% |
| DIIs | 1.14% |
| of which Mutual funds | 0.10% |
| of which Insurance | 0.83% |
| Public (non-institutions) | 29.08% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% |
| Promoter group | % |
|---|---|
| President of India | 64.75% |
| Public holders above 1% | % |
|---|---|
| Jupiter India Fund | 1.94% |
79,523 shareholders. Pledged: – of promoter shares.
Peers in Trading & Distributors
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| REDINGTON | ₹28,671 cr | 16.9x | 2.8x | 18.0% | 18.4% | 1.9% | +14.5% | 1.85% |
| MMTC | ₹7,599 cr | 17.0x | 3.6x | 23.4% | 25.6% | 10,805.5% | -90.1% | – |
| MSTCLTD | ₹4,097 cr | 17.5x | 4.5x | 28.5% | 30.1% | 61.1% | -20.0% | 1.30% |
| CNL | ₹1,607 cr | 24.7x | 4.4x | 22.4% | 16.3% | 3.6% | +25.2% | 0.05% |
| BNAGROCHEM | ₹1,267 cr | 45.5x | 2.7x | 4.0% | 0.7% | -0.5% | – | – |
| YSL | ₹757 cr | 8.3x | 0.6x | 7.1% | 0.3% | 2.1% | +0.3% | 2.03% |
| SHIVAUM | ₹738 cr | 64.9x | 6.1x | 10.2% | 11.3% | 3.1% | – | – |
| STCINDIA | ₹594 cr | 0.9x | 1.0x | 228.5% | 108.2% | – | – | – |
| PERVASIVE | ₹587 cr | 0.1x | 6.5x | -0.2% | -0.1% | -0.9% | – | – |
| MRCAGRO | ₹556 cr | 388.4x | 10.4x | 4.0% | 3.6% | 1.7% | +138.2% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| E-commerce | ₹412 cr | 91.1% | ₹409 cr | 99.2% |
| Marketing | ₹26 cr | 5.6% | ₹25 cr | 99.6% |
| Others (unallocable) | ₹15 cr | 3.3% | ₹-142 cr | -945.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Rs 8.10 Per Share |
| 2026-02-18 | Dividend | Interim Dividend - Rs 7.60 Per Share |
| 2025-04-02 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2025-02-14 | Dividend | Interim Dividend - Rs 32 Per Share |
| 2024-11-22 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2024-09-10 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2024-02-20 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2023-11-16 | Dividend | Interim Dividend - Rs 5.50 Per Share |
| 2023-09-12 | Dividend | Annual General Meeting/Dividend - Rs 3.20 Per Share |
| 2023-02-22 | Dividend | Interim Dividend - Rs 6.30 Per Share |
| 2022-11-18 | Dividend | Interim Dividend - Rs 5.50 Per Share |
| 2022-09-15 | Dividend | Annual General Meeting/Dividend - Rs 4.40 Per Share |
| 2022-02-22 | Dividend | Interim Dividend - Rs 6.50 Per Share |
| 2021-11-22 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2021-09-17 | Dividend | Annual General Meeting/Dividend - Rs 4.40 Per Share |
| 2020-09-16 | Dividend | Annual General Meeting/Dividend - Rs 3.30 Per Share |
| 2019-09-16 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Professional, Scientific and Technical: Other professional, scientific and technical activities: E-Auction, E-Procurement and Software Solutions
- Support service to Organisations: Other support services to organisations: Procurement against 110% Bank Guarantee
| Sector | Services |
| Industry | Trading & Distributors |
| Sub-industry | Trading & Distributors |
| Symbol | MSTCLTD |
| BSE code | 542597 |
| ISIN | INE255X01014 |
| Face value | ₹10.0 |
| Incorporated | 1964-09-09 |
| Website | www.mstcindia.co.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.