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MSTC Ltd.
(MSTCLTD)
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Rating:62Neutral
Price Target:
₹568.00
▼(-5.93% Downside)
Action:Reiterated
Date:09/17/26
The score is primarily supported by strong reported profitability and a low-leverage balance sheet, but it is held back by highly volatile and recently weakened cash-flow generation versus earnings. Technically, the longer-term trend remains positive (price above key longer-term averages) but near-term weakness and neutral momentum indicators temper the outlook, while valuation is broadly reasonable with a moderate dividend yield.
Positive Factors
Conservative Balance Sheet
Low and stable leverage gives MSTC financial resilience and reduces the burden of interest and refinancing obligations. Growing equity provides a stronger capital base to support operations, absorb business variability, and fund future opportunities without relying heavily on additional borrowing.
Negative Factors
Volatile Cash Generation
Cash generation has been inconsistent and recently much weaker than earlier periods, limiting the reliability of reported earnings as a funding source. Volatile operating and free cash flow can constrain capital allocation, reduce financial flexibility, and make performance more sensitive to working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low and stable leverage gives MSTC financial resilience and reduces the burden of interest and refinancing obligations. Growing equity provides a stronger capital base to support operations, absorb business variability, and fund future opportunities without relying heavily on additional borrowing.
Read all positive factors
MSTC Ltd. (MSTCLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.71B
Dividend Yield2.93%
Average Volume (3M)13.78K
Price to Earnings (P/E)16.1
Beta (1Y)1.85
Revenue Growth21.02%
EPS Growth-44.88%
CountryIN
Employees289
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)33.29
Shares Outstanding70,400,000
10 Day Avg. Volume16,404
30 Day Avg. Volume13,784
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)2.85
Price to Sales (P/S)6.97
P/FCF Ratio94.39
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
MSTC Ltd. Business Overview & Revenue Model
Company Description
MSTC Limited operates in India, focusing on a diverse portfolio that includes marketing activities, e-commerce services, and the reclamation of scrap materials, along with associated businesses. The company specializes in the procurement, acquisit...
How the Company Makes Money
MSTC makes money mainly by providing e-auction and e-procurement services and charging service-based fees tied to the transactions it enables. Key revenue streams include: (1) transaction/service fees or commissions associated with conducting e-au...
MSTC Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.86B | 3.70B | 3.11B | 3.16B | 7.21B | 8.76B |
| Gross Profit | 2.64B | 2.13B | 3.01B | 2.19B | 3.01B | 2.83B |
| EBITDA | 2.53B | 2.24B | 2.60B | 3.65B | 3.54B | 2.56B |
| Net Income | 2.34B | 2.18B | 4.07B | 2.04B | 2.42B | 1.99B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.11B | 21.18B | 22.49B | 26.89B | 20.14B |
| Cash, Cash Equivalents and Short-Term Investments | 13.28B | 13.28B | 14.11B | 10.30B | 9.21B | 7.46B |
| Total Debt | 0.00 | 1.45B | 1.45B | 1.45B | 1.45B | 1.50B |
| Total Liabilities | -9.04B | 11.07B | 13.80B | 13.61B | 19.04B | 13.62B |
| Stockholders Equity | 9.04B | 9.04B | 7.38B | 8.89B | 7.87B | 6.54B |
Cash Flow | ||||||
| Free Cash Flow | -1.91B | 272.83M | 2.36B | -4.44B | 8.10B | 957.20M |
| Operating Cash Flow | -1.74B | 495.39M | 2.60B | -3.12B | 8.44B | 1.70B |
| Investing Cash Flow | 2.32B | 1.79B | 1.65B | -2.44B | -5.51B | -715.71M |
| Financing Cash Flow | 0.00 | -535.04M | -2.89B | -964.48M | -1.19B | -983.20M |
MSTC Ltd. Technical Analysis
Negative
603.80
Price Trends
688.48
Negative
658.39
Negative
548.74
Negative
Market Momentum
-40.12
Positive
25.45
Positive
9.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MSTCLTD, the sentiment is Negative. The current price of 603.8 is below the 20-day moving average (MA) of 634.16, below the 50-day MA of 688.48, and above the 200-day MA of 548.74, indicating a bearish trend. The MACD of -40.12 indicates Positive momentum. The RSI at 25.45 is Positive, neither overbought nor oversold. The STOCH value of 9.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MSTCLTD.
MSTC Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹26.58B | 9.52 | ― | 5.47% | 8.87% | 2.96% | |
68 Neutral | ₹69.82B | 17.34 | ― | 0.71% | 13.08% | -2.60% | |
62 Neutral | ₹37.71B | 16.07 | ― | 2.93% | 21.02% | -44.88% | |
59 Neutral | ₹1.98B | 11.51 | ― | 1.12% | -2.88% | -43.91% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹75.61B | 16.93 | ― | 1.62% | -19.71% | 355.54% | |
45 Neutral | ₹5.89B | 0.90 | ― | 1.36% | ― | 2545.89% |
* General Sector Average
IN:MSTCLTD
MSTC Ltd.
535.70
9.27
1.76%
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IN:GILLANDERS
Gillanders Arbuthnot & Co. Ltd.
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IN:MMTC
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50.41
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IN:NESCO
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990.95
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IN:STCINDIA
State Trading Corporation of India Limited
98.20
-36.50
-27.10%
MSTC Ltd. Corporate Events
MSTC to Hold 61st AGM via Video Conferencing, Emphasises Fully Digital Shareholder Participation
Aug 20, 2026
MSTC Ltd., a Government of India enterprise in the metals and e-commerce trading space, is listed on BSE and NSE and operates from Kolkata with a nationwide digital footprint. The company focuses on auction, trading, and related services through i...
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.