State Trading Corporation of India Limited (STCINDIA) AI Stock Analysis

State Trading Corporation of India Limited

(NSE:STCINDIA)

Select Model

Rating:45Neutral

Price Target:INR 96.00▼(-2.24% Downside)

Action:reiterated

Date:08/29/26

The score is held down mainly by weak financial performance—persistent operating losses, negative equity, and unstable cash generation—indicating elevated solvency and earnings-quality risk. Technicals add further pressure with price below key moving averages and negative MACD. The low P/E provides some valuation support, but it is less persuasive given the company’s volatile and potentially non-operating-driven earnings.

Positive Factors

Debt reductionThe reduction in debt provides some improvement in financial flexibility and may reduce refinancing pressure over the next several quarters. However, because shareholders’ equity remains negative, this is a mitigation of balance-sheet stress rather than evidence that solvency risks have been fully resolved.

Negative Factors

Negative equity and leveragePersistent negative equity indicates accumulated losses or liabilities exceeding assets, leaving limited balance-sheet protection for creditors and stakeholders. Even after debt reduction, leverage remains problematic against the equity deficit, constraining financial flexibility and keeping refinancing and solvency risk elevated.

State Trading Corporation of India Limited (STCINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 5.92B
Dividend Yield: ―
Average Volume (3M): 1,947
Price to Earnings (P/E): 0.9
Beta (1Y): 1.71
Revenue Growth: ―
EPS Growth: 2545.89%
Country: India
Employees: 113
Sector: General
Sector Strength: 55
Industry: Conglomerates

State Trading Corporation of India Limited Business Overview & Revenue Model

Company Description

The State Trading Corporation of India Ltd. operates as an international trading firm, engaging in the worldwide import and export of a broad spectrum of commodities. Its portfolio encompasses essential agricultural products like rice, wheat, sugar,...

How the Company Makes Money

STCINDIA makes money mainly by acting as a merchant trader and trade intermediary in domestic and international markets. Its core revenue model is built around (1) trading margins: buying commodities/goods from suppliers (domestic or overseas) and se...

State Trading Corporation of India Limited Financial Statement Overview

Summary

Overall financial profile is high-risk: recurring operating losses, volatile net income (including a large 2026 profit not supported by operating performance), consistently negative shareholders’ equity, and historically inconsistent operating/free cash flow. Lower debt and positive cash flow in 2026 are positives but not enough to offset the structural weakness and low earnings quality signals.

Income Statement

18Very Negative

Balance Sheet

12Very Negative

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	0	0	0	-3.29M	-3.04M	-37.20M
EBITDA	76.76M	-450.82M	499.01M	532.51M	379.47M	399.67M
Net Income	6.42B	6.48B	247.45M	510.72M	317.88M	-868.49M
Balance Sheet
Total Assets	0	22.13B	23.61B	23.93B	23.47B	23.07B
Cash, Cash Equivalents and Short-Term Investments	1.54B	3.35M	405.29M	2.88B	2.22B	2.04B
Total Debt	0	11.75B	19.81B	19.81B	19.87B	19.87B
Total Liabilities	39.81B	61.61B	69.64B	70.26B	70.50B	70.62B
Stockholders Equity	-39.81B	-39.48B	-46.03B	-46.33B	-47.02B	-47.55B
Cash Flow
Free Cash Flow	-552.99K	584.29M	0	-221.20M	-616.39M	47.40M
Operating Cash Flow	-552.99K	584.29M	-1.54B	-221.20M	-616.39M	47.40M
Investing Cash Flow	440.02K	-233.51M	1.06B	946.35M	814.33M	74.18M
Financing Cash Flow	-2.00M	-1.98B	0	0	0	0

State Trading Corporation of India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price98.20

Price Trends

50DMA109.67Negative

100DMA116.10Negative

200DMA116.23Negative

Market Momentum

MACD-3.04Positive

RSI36.80Neutral

STOCH27.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STCINDIA, the sentiment is Negative. The current price of 98.20 is below the 20-day moving average (MA) of 103.06, below the 50-day MA of 109.67, and below the 200-day MA of 116.23, indicating a bearish trend. The MACD of -3.04 indicates Positive momentum. The RSI at 36.80 is Neutral, neither overbought nor oversold. The STOCH value of 27.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:STCINDIA.

State Trading Corporation of India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:STCINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BALMLAWRIE	78Outperform	INR 26.58B	9.52	―	5.47%	8.87%	2.96%
IN:ZUARIIND	68Neutral	INR 7.04B	6.51	―	0.42%	9.70%	―
IN:MSTCLTD	60Neutral	INR 37.71B	16.07	―	2.93%	21.02%	-44.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SINDHUTRAD	49Neutral	INR 35.59B	54.62	―	―	-63.67%	348.23%
IN:STCINDIA	45Neutral	INR 5.89B	0.90	―	―	―	2545.89%
IN:MMTC	31Underperform	INR 75.61B	16.93	―	―	-19.71%	355.54%

* General Sector Average

Performance Comparison

IN:STCINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:STCINDIA	State Trading Corporation of India Limited	98.20	-36.90	-27.31%
IN:BALMLAWRIE	Balmer Lawrie & Co. Ltd.	155.45	-36.62	-19.07%
IN:MMTC	MMTC Limited	50.41	-17.62	-25.90%
IN:MSTCLTD	MSTC Ltd.	535.70	-2.98	-0.55%
IN:SINDHUTRAD	Sindhu Trade Links Ltd.	19.32	-4.39	-18.52%
IN:ZUARIIND	Zuari Industries Limited	236.35	-94.33	-28.53%

State Trading Corporation of India Limited Corporate Events

State Trading Corporation Reports No Physical Share Re‑lodgement Requests in September 2026

Oct 7, 2026

The State Trading Corporation of India Limited has informed the stock exchanges that it received no shareholder requests in September 2026 for re-lodgement of transfer of physical shares under a special window mandated by a SEBI circular dated Januar...

State Trading Corporation of India secures extension to hold FY 2025-26 AGM

Oct 6, 2026

The State Trading Corporation of India Limited has obtained approval from the Registrar of Companies, Delhi and Haryana, to extend the deadline for holding its Annual General Meeting for the financial year ended 31 March 2026. The extension, granted...

STC Faces NSE Fines Over Board-Level SEBI Compliance Gaps

Aug 26, 2026

State Trading Corporation of India Limited has disclosed that the National Stock Exchange has imposed fines for non-compliance with several provisions of SEBI’s Listing Obligations and Disclosure Requirements, specifically relating to the requi...

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: Aug 29, 2026

State Trading Corporation of India Limited AI Stock Analysis