MSTC Ltd. (MSTCLTD) AI Stock Analysis

3 Followers

MSTC Ltd.

(NSE:MSTCLTD)

Select Model

Rating:65Neutral

Price Target:INR 709.00▲(8.57% Upside)

Action:reiterated

Date:11/12/26

The score is driven primarily by solid profitability and a conservative balance sheet, partially offset by unreliable and recently weaker cash generation versus reported earnings. Technical signals are mixed (negative MACD and below 50DMA, but supported by being above 200DMA), while valuation is reasonable with a modest dividend yield.

Positive Factors

Conservative balance sheetMSTC’s low and declining debt-to-equity indicates substantial balance-sheet flexibility and limited reliance on borrowing. A sizable equity base can help the company withstand business volatility, support investment in its auction platforms, and preserve options for shareholder returns.

Negative Factors

Volatile cash generationCash generation has not tracked reported profitability consistently, with recent operating and free cash flow well below earlier periods and negative cash flow in FY2024. Persistent conversion weakness could constrain internally funded growth and reduce the quality of earnings.

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

Market Cap: INR 45.94B
Dividend Yield: 2.40%
Average Volume (3M): 18.55K
Price to Earnings (P/E): 19.6
Beta (1Y): 1.71
Revenue Growth: 21.02%
EPS Growth: -44.88%
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

Profitability and the balance sheet are strong (high margins, low debt-to-equity), but the weak and volatile cash-flow profile materially drags overall financial quality. Recent cash conversion versus earnings is inconsistent and FY2024 included negative operating/free cash flow.

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 Price653.05

Price Trends

50DMA672.11Negative

100DMA657.71Positive

200DMA552.84Positive

Market Momentum

MACD-18.68Negative

RSI59.06Neutral

STOCH89.79Negative

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 653.05 is above the 20-day moving average (MA) of 599.79, below the 50-day MA of 672.11, and above the 200-day MA of 552.84, indicating a neutral trend. The MACD of -18.68 indicates Negative momentum. The RSI at 59.06 is Neutral, neither overbought nor oversold. The STOCH value of 89.79 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 30.68B	9.97	―	4.82%	15.49%	13.92%
IN:NESCO	75Outperform	INR 74.96B	18.75	―	0.65%	13.08%	-2.60%
IN:MSTCLTD	65Neutral	INR 46.44B	19.61	―	2.40%	21.02%	-44.88%
IN:GILLANDERS	56Neutral	INR 2.11B	11.96	―	―	-2.88%	-43.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MMTC	46Neutral	INR 81.39B	26.69	―	―	-1.36%	36.55%
IN:STCINDIA	41Neutral	INR 6.62B	0.99	―	―	―	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.	653.05	141.27	27.60%
IN:BALMLAWRIE	Balmer Lawrie & Co. Ltd.	176.40	-6.53	-3.57%
IN:GILLANDERS	Gillanders Arbuthnot & Co. Ltd.	98.78	-27.07	-21.51%
IN:MMTC	MMTC Limited	53.65	-12.05	-18.34%
IN:NESCO	NESCO Limited	1072.65	-177.44	-14.19%
IN:STCINDIA	State Trading Corporation of India Limited	108.96	-17.64	-13.93%

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 12, 2026

MSTC Ltd. AI Stock Analysis