MSTC Ltd. (MSTCLTD) AI Stock Analysis

3 Followers

MSTC Ltd.

(NSE:MSTCLTD)

Select Model

Rating:63Neutral

Price Target:INR 835.00▲(6.55% Upside)

Action:reiterated

Date:11/14/26

The score is led by strong reported profitability and a low-leverage balance sheet, but it is held back by highly volatile and recently weaker cash generation versus earnings, which raises quality and consistency risk. Technically, the stock is in a strong uptrend but looks overbought, and valuation is moderate-to-elevated with only a modest dividend yield.

Positive Factors

Conservative Balance SheetLow and stable leverage gives MSTC financial resilience and preserves flexibility to fund operations, technology, or growth initiatives without relying heavily on borrowing. The expanding equity base also reduces balance-sheet strain if business conditions or cash conversion become less predictable.

Negative Factors

Volatile Cash GenerationCash generation has weakened materially despite reported profitability, creating a risk that accounting earnings will not consistently translate into deployable cash. This can constrain reinvestment and distributions, while also making performance more sensitive to working-capital and execution swings.

MSTC Ltd. (MSTCLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 55.15B
Dividend Yield: 2.00%
Average Volume (3M): 25.56K
Price to Earnings (P/E): 23.5
Beta (1Y): 1.76
Revenue Growth: 23.78%
EPS Growth: -37.12%
Country: India
Employees: 289
Sector: General
Sector Strength: 55
Industry: Conglomerates

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, acquisition...

MSTC Ltd. Financial Statement Overview

Summary

Strong reported profitability and a conservative balance sheet (low debt-to-equity) support resilience, but cash-flow reliability is a major weakness. Operating and free cash flow have been volatile and weakened sharply in the most recent year versus prior periods, and cash conversion versus earnings is inconsistent, raising earnings-quality concerns.

Income Statement

74Positive

Balance Sheet

82Very Positive

Cash Flow

41Neutral

Financial statement breakdown
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	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	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	-535.04M	-2.89B	-964.48M	-1.19B	-983.20M

MSTC Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price783.65

Price Trends

50DMA671.65Positive

100DMA658.44Positive

200DMA555.49Positive

Market Momentum

MACD2.04Negative

RSI73.50Negative

STOCH93.42Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MSTCLTD, the sentiment is Positive. The current price of 783.65 is above the 20-day moving average (MA) of 603.88, above the 50-day MA of 671.65, and above the 200-day MA of 555.49, indicating a bullish trend. The MACD of 2.04 indicates Negative momentum. The RSI at 73.50 is Negative, neither overbought nor oversold. The STOCH value of 93.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MSTCLTD.

MSTC Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MSTCLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BALMLAWRIE	78Outperform	INR 30.17B	9.76	―	4.93%	15.49%	13.92%
IN:NESCO	75Outperform	INR 75.58B	18.45	―	0.66%	13.08%	-2.60%
IN:MSTCLTD	63Neutral	INR 45.97B	23.53	―	2.00%	23.78%	-37.12%
IN:GILLANDERS	62Neutral	INR 2.11B	12.30	―	―	-2.88%	-43.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MMTC	46Neutral	INR 80.48B	27.78	―	―	-1.36%	36.55%
IN:STCINDIA	41Neutral	INR 6.54B	1.06	―	―	―	2545.89%

* General Sector Average

Performance Comparison

IN:MSTCLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MSTCLTD	MSTC Ltd.	783.65	273.13	53.50%
IN:BALMLAWRIE	Balmer Lawrie & Co. Ltd.	172.50	-15.10	-8.05%
IN:GILLANDERS	Gillanders Arbuthnot & Co. Ltd.	101.51	-21.14	-17.24%
IN:MMTC	MMTC Limited	55.72	-9.76	-14.91%
IN:NESCO	NESCO Limited	1052.20	-204.85	-16.30%
IN:STCINDIA	State Trading Corporation of India Limited	115.18	-10.82	-8.59%

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 its...

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.

Date of analysis: Nov 14, 2026

MSTC Ltd. AI Stock Analysis