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

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State Trading Corporation of India Limited

(NSE:STCINDIA)

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Rating:44Neutral

Price Target:INR 101.00▼(-12.31% Downside)

Action:reiterated

Date:08/29/26

The overall score is low primarily because of a highly stressed financial position, with deeply negative equity, absent recurring revenue, and historically poor operating performance. Technicals also weigh on the score, as the stock trades below key moving averages with weak momentum, indicating a fragile trend. A very low P/E offers some valuation support, but is not enough to offset the significant balance sheet and earnings-quality risks.

Positive Factors

Lower DebtThe reduction in debt is a constructive change in STC’s financial structure and could lower refinancing pressure over the medium term. If maintained, deleveraging may improve financial flexibility and allow more of the company’s resources to support trading activity rather than servicing obligations.

Negative Factors

Negative Shareholders’ EquityPersistently negative equity signals that accumulated losses or liabilities have materially weakened the capital base. This reduces financial flexibility, makes the company more dependent on successful cash generation or external support, and leaves less balance-sheet capacity to absorb future operating setbacks.

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

Market Cap: INR 6.71B
Dividend Yield: ―
Average Volume (3M): 1,914
Price to Earnings (P/E): 1.0
Beta (1Y): 1.53
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

Financials are structurally weak, with deeply negative equity, zero recurring revenue, volatile cash flows, and profits driven by non-operating items, despite a recent improvement in reported profitability and cash generation.

Income Statement

48Neutral

Balance Sheet

20Very Negative

Cash Flow

45Neutral

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 SentimentPositive

Last Price115.18

Price Trends

50DMA107.41Positive

100DMA114.48Negative

200DMA115.31Negative

Market Momentum

MACD-0.02Negative

RSI57.89Neutral

STOCH71.04Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STCINDIA, the sentiment is Positive. The current price of 115.18 is above the 20-day moving average (MA) of 103.20, above the 50-day MA of 107.41, and below the 200-day MA of 115.31, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.89 is Neutral, neither overbought nor oversold. The STOCH value of 71.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 30.68B	9.97	―	4.82%	15.49%	13.92%
IN:MSTCLTD	65Neutral	INR 46.44B	19.61	―	2.40%	21.02%	-44.88%
IN:ZUARIIND	58Neutral	INR 7.48B	6.94	―	0.40%	9.70%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SINDHUTRAD	55Neutral	INR 38.30B	58.97	―	―	-63.67%	348.23%
IN:MMTC	46Neutral	INR 81.39B	26.69	―	―	-1.36%	36.55%
IN:STCINDIA	44Neutral	INR 6.62B	0.99	―	―	―	2545.89%

* 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	115.18	-10.82	-8.59%
IN:BALMLAWRIE	Balmer Lawrie & Co. Ltd.	172.50	-15.10	-8.05%
IN:MMTC	MMTC Limited	55.72	-9.76	-14.91%
IN:MSTCLTD	MSTC Ltd.	783.65	273.13	53.50%
IN:SINDHUTRAD	Sindhu Trade Links Ltd.	20.76	-2.61	-11.17%
IN:ZUARIIND	Zuari Industries Limited	251.95	-82.87	-24.75%

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 required nu...

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