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MMTC Limited
(MMTC)
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Rating:56Neutral
Price Target:
₹64.00
▲(5.68% Upside)
Action:Reiterated
Date:06/17/26
The score is held back primarily by weak and unstable fundamentals—especially poor recent operating profitability and ongoing cash burn—despite an improved balance sheet. Technicals are a meaningful offset, with the stock trading above key moving averages and showing positive momentum. Valuation is only average given the P/E of 29.34 and no dividend yield support.
Positive Factors
Conservative Current Balance Sheet
The latest balance sheet provides a stronger foundation than during the 2022 stress period, with very low debt relative to equity. This can reduce financing pressure and preserve flexibility for trade operations, although the historical volatility means the improvement must be monitored over the next several quarters.
Negative Factors
Revenue Volatility and Decline
The sharp revenue contraction after exceptionally large earlier years indicates that MMTC’s current operating run-rate is difficult to normalize. Persistent volatility can weaken planning, reduce operating leverage, and make future earnings dependent on changing commodity volumes, mix, and working-capital conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Current Balance Sheet
The latest balance sheet provides a stronger foundation than during the 2022 stress period, with very low debt relative to equity. This can reduce financing pressure and preserve flexibility for trade operations, although the historical volatility means the improvement must be monitored over the next several quarters.
Read all positive factors
MMTC Limited (MMTC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹93.33B
Dividend Yield1.62%
Average Volume (3M)186.54K
Price to Earnings (P/E)20.8
Beta (1Y)1.69
Revenue Growth-19.71%
EPS Growth355.54%
CountryIN
Employees245
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)2.98
Shares Outstanding1,500,000,000
10 Day Avg. Volume130,191
30 Day Avg. Volume186,541
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)3.69
Price to Sales (P/S)2294.04
P/FCF Ratio-17.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MMTC Limited Business Overview & Revenue Model
Company Description
MMTC Limited, an Indian-based global trading conglomerate founded in 1963 and headquartered in New Delhi, maintains an extensive operational footprint across Asia, Europe, Africa, the Middle East, and both North and Latin America. The company's di...
How the Company Makes Money
MMTC primarily makes money through commodity trading and distribution margins earned across import, export, and domestic trading operations. Key revenue streams typically include: (1) Precious metals trading (gold and silver): MMTC sources bullion...
MMTC Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.30M | 34.10M | 26.90M | 53.40M | 35.28B | 112.42B |
| Gross Profit | -426.60M | -813.80M | -1.14B | -1.34B | 1.20B | 5.74B |
| EBITDA | 3.44B | -1.82B | 1.24B | 817.80M | 14.03B | 3.19B |
| Net Income | 4.47B | 3.87B | 866.30M | 1.92B | 15.62B | -2.58B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 27.96B | 34.78B | 36.87B | 36.78B | 47.83B |
| Cash, Cash Equivalents and Short-Term Investments | 17.89B | 17.57B | 14.31B | 12.68B | 12.87B | 1.53B |
| Total Debt | 0.00 | 24.20M | 24.40M | 1.59B | 2.03B | 26.26B |
| Total Liabilities | -21.21B | 6.75B | 17.76B | 20.61B | 22.66B | 49.31B |
| Stockholders Equity | 21.21B | 21.21B | 17.02B | 16.26B | 14.12B | -1.48B |
Cash Flow | ||||||
| Free Cash Flow | -1.45B | -4.39B | -3.63B | -3.53B | 7.54B | -17.20M |
| Operating Cash Flow | -1.45B | -4.39B | -3.63B | -3.53B | 7.54B | -3.30M |
| Investing Cash Flow | 1.02B | 4.12B | 2.78B | 1.98B | 19.59B | 29.00M |
| Financing Cash Flow | 318.60M | -2.10M | -53.90M | -434.20M | -25.47B | -51.30M |
MMTC Limited Technical Analysis
Negative
60.56
Price Trends
63.55
Negative
65.30
Negative
63.12
Negative
Market Momentum
-0.34
Positive
43.20
Neutral
27.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MMTC, the sentiment is Negative. The current price of 60.56 is below the 20-day moving average (MA) of 63.49, below the 50-day MA of 63.55, and below the 200-day MA of 63.12, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 43.20 is Neutral, neither overbought nor oversold. The STOCH value of 27.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MMTC.
MMTC Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹29.76B | 10.32 | ― | 5.04% | 8.87% | 2.96% | |
68 Neutral | ₹51.94B | 22.19 | ― | 1.65% | 21.02% | -44.88% | |
56 Neutral | ₹93.33B | 20.78 | ― | 1.62% | -19.71% | 355.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹22.89B | 56.86 | ― | 0.14% | 47.28% | 145.90% | |
48 Neutral | ₹36.71B | 67.24 | ― | ― | -63.67% | 348.23% | |
45 Neutral | ₹6.83B | 1.03 | ― | 1.36% | ― | 2545.89% |
* General Sector Average
IN:MMTC
MMTC Limited
61.96
-2.90
-4.47%
IN:BALMLAWRIE
Balmer Lawrie & Co. Ltd.
168.75
-43.34
-20.43%
IN:MSTCLTD
MSTC Ltd.
738.05
219.13
42.23%
IN:SBC
SBC Exports Ltd.
48.31
26.47
121.20%
IN:SINDHUTRAD
Sindhu Trade Links Ltd.
24.08
-0.42
-1.71%
IN:STCINDIA
State Trading Corporation of India Limited
113.40
-6.60
-5.50%
MMTC Limited Corporate Events
MMTC Sets 63rd AGM to Approve FY26 Results and Reshape Board
Aug 24, 2026
MMTC Limited has scheduled its 63rd Annual General Meeting for September 17, 2026, at 11:00 a.m. IST, to be conducted via video conferencing and other audio-visual means in line with corporate and securities regulations. The AGM will review and ad...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.