1. India Stocks

  2. •

    Retail trade

  3. •

    Internet retail
MSTC Ltd.

MSTC Ltd.

599.05
INR
-11.80
(-1.93%)
33.29EPS
21.34P/E
50.02BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
404.65
198.9
261.78
402.41
108.06
54.2
60.62
41.34
40.1
40.21
47.05
54.91
Basic EPS, GAAP
-35.1
19.77
10.97
-43.62
13.78
16.05
28.28
34.37
23.44
57.82
31.03
33.29
Free Cash Flow per Basic Share
29.73
-76.53
-0.72
8.82
26.06
91.65
13.6
115.11
-55.43
33.48
-7.11
- -
Dividend per Share
2.59
4.94
3.55
3.7
- -
3.3
12.9
16.2
13.7
41
7.6
- -
Book Value per Share
44.7
57.67
103.83
55.11
67.32
79.25
92.9
111.72
91.91
104.89
128.4
- -
Tangible Book Value per Share
44.68
57.44
103.64
54.95
67.15
79.23
92.74
111.58
91.07
104.15
127.65
- -
Basic Weighted Avg Shares
70
70
70
70
70
70
70
70
70
70
70
70
Sales/Revenue/Turnover
28,487
14,002
18,429
28,330
7,607
3,815
4,268
2,910
2,823
2,831
3,312
3,865
Operating Margin (%)
-5.93
17.05
32.95
-3.7
28.94
80.86
100.86
121.49
102.71
56.26
57.34
58.02
Depreciation Expense
116
121
124
148
167
188
209
219
74
92
104
111
Net Income, GAAP
-2,471
1,392
772
-3,071
970
1,130
1,991
2,420
1,650
4,071
2,184
2,343
Effective Tax Rate (%)
- -
23.87
34.08
- -
41.82
16.87
14.51
26.5
40.54
19.87
25.31
25.24
Profit Margin (%)
-8.67
9.94
4.19
-10.84
12.75
29.61
46.65
83.14
58.46
143.81
65.95
60.63
Working Capital
-833
-94
3,354
-49
1,047
1,096
2,216
4,172
2,551
3,758
5,282
- -
LT Debt
- -
- -
- -
9
34
43
- -
- -
- -
- -
2
- -
Total Equity
3,147
4,060
7,309
3,880
4,739
5,580
6,540
7,865
6,471
7,384
9,039
- -
Return on Invested Capital (%)
- -
48.25
13.84
- -
- -
- -
296.91
68.91
28.64
81.75
26.33
- -
Return on Capital (%)
- -
18.49
9.39
- -
13.11
16.46
26.56
27.9
19.18
48.61
22.61
- -
Return on Common Equity (%)
- -
38.62
13.58
-54.89
22.51
21.89
32.85
33.59
23.03
58.76
26.6
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,450
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
2
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
70
70
Market Capitalization
36,833
25,798
50,019

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
16,042
- -
Cash, Cash Equivalents & STI
- -
12,959
- -
Accounts Receivable, Net
- -
2,269
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
10,760
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,450
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.83%
11.26%
22.42%
Free Cash Flow
-109.54%
46.34%
-121.24%
Net Income, GAAP
-64.74%
33.26%
-46.34%
Sales/Revenue/Turnover
-9.42%
-1.13%
17.01%
Total Cash Common Dividend
- -
83.77%
-81.46%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
690
719
811
889
2,831
2026
774
850
884
1,188
3,312
2027
942
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5.58
5.89
35.63
10.73
57.82
2026
6.01
6.75
7.3
10.97
31.03
2027
8.27
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
41
2026
- -
- -
- -
- -
7.6
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Manobendra Ghoshal
Full Time Employees
289
Sector
Retail trade
Industry
Internet retail
Address
Plot no.CF-18/2 New Delhi WB India 700156
IPO Date
Mar 29, 2019
Website
mstcindia.co.in
Similar Companies
Amazon.com, Inc. (NASDAQ:AMZN)
Alibaba Group Holding Limited (NYSE:BABA)
MercadoLibre, Inc. (NASDAQ:MELI)
Sea Limited (NYSE:SE)
JD.com, Inc. (NASDAQ:JD)
eBay Inc. (NASDAQ:EBAY)
Business
MSTC Limited, a Mini Ratna Category-I central public sector enterprise under the Ministry of Steel, Government of India, primarily engages in e-commerce services, trading of bulk raw materials, and recycling operations. Incorporated in 1964 and headquartered in Kolkata, West Bengal, the company operates across India with regional offices and serves diverse sectors including government entities, PSUs, power, telecom, mining, coal, petroleum, and forestry through its core e-commerce platform offering e-auctions, e-sales, e-procurement, e-tenders, and customized software solutions such as forward/reverse auctions, SMRA, Swiss Challenge, and two-stage bidding; specialized services include scrap and surplus sales, power sector procurement, telecom spectrum allocation for 4G/5G, mining lease auctions for major/minor minerals and critical minerals, EXIM portals for petroleum products, online draw systems for LPG/retail fuel distributorships, government subsidy schemes like UDAN and DDUGJY/IPDS, coal block allocations under Shakti Scheme, forest/agricultural produce auctions, and duty scrips management. Its trading division facilitates procurement of industrial raw materials like heavy melting scrap, metallurgical coke, HR coils, naphtha, crude oil, and coking coal on a facilitator model with buyer guarantees, primarily for secondary steel producers and petrochemical industries. Through its joint venture Mahindra MSTC Recycling Private Limited (MMRPL), established in 2016, MSTC operates six registered vehicle scrapping facilities in Noida, Chennai, Indore, Ahmedabad, Guwahati, and Bengaluru, along with 34 collection centers for end-of-life vehicles and white goods recycling into shredded scrap for steel plants. Recent developments include securing a two-year e-auction contract from Coal India Limited in March 2025 for coal and coal products, and the divestment of its wholly-owned subsidiary Ferro Scrap Nigam Limited to Japan's Konoike Transport via a share purchase agreement signed in October 2024 for Rs 320 crore, with the subsidiary ceasing operations effective January 21, 2025.