MMTC Ltd.

•

mmtclimited.comBSE: 513377NSE: MMTC

Market Cap₹ 9,294 Cr.

Current Price

High / Low₹ 78 / 50

Stock P/E20.8

Book Value₹ 15

Price to Book3.69

Dividend Yield0.00 %

ROCE33.5 %

ROE20.3 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Others: 77.1% • Precious Metal: 21.4% • Fertilizers: 1.5%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 135.5% YoY, showing strong momentum
Stock looks reasonably valued - P/E of 20.8 is below its historical median

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
A large part of profit comes from other income (27.7% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.99x)
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesTradingTrading

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	ADANIENT	3057.10	55.59	413846.54	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1353.10	37.96	47493.81	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	CPPLUS	3830.15	94.94	45310.84	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	PREMIERENE	974.55	26.57	44239.84	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
5.	REDINGTON	393.65	18.09	30774.55	1.52	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.95	61.70	15354.11	0.64	90.45	118.87	755.95	27.00	20.87	14.58
7.	LLOYDSENT	69.79	94.88	10653.81	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	751.25	76.16	9468.39	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	61.96	20.78	9294.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1819.35	63.14	7918.37	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	EBGNG	683.00	54.67	7786.99	0.00	28.93	56.21	412.46	32.08	20.58	11.97
12.	CELLO	333.00	24.01	7510.42	0.45	73.40	-8.99	526.72	-0.43	17.15	18.80

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	214	-210	1	1	1	2	0	0	1	1	0	1	1
	277	-180	37	33	51	32	31	27	24	23	23	114	22
Operating Profit	-63	-30	-36	-33	-51	-30	-31	-27	-23	-22	-23	-113	-21
OPM %	-29.38%	14.42%	-4982.19%	-5123.44%	-7787.69%	-1938.46%	-12224.00%	-11843.48%	-1698.53%	-2004.55%	-6767.65%	-18604.92%	-3079.41%
	71	44	63	65	94	71	35	41	70	415	34	131	145
Interest	0	1	-1	0	0	0	1	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	2	1
Profit before Tax	7	12	26	31	42	39	3	13	46	392	10	16	135
Tax %	56.57%	12.20%	12.76%	-2.58%	25.15%	3.15%	118.67%	97.45%	20.07%	65.95%	-5.97%	-103.86%	22.82%
Net Profit	0	0	0	0	33	48	37	22	44	171	463	1,260	104
	0.10	0.35	0.37	0.47	0.22	0.32	0.02	0.01	0.30	1.14	0.31	0.84	0.69

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	11,827	16,451	29,440	26,305	30,001	11,796	3,528	5	3	3	3
	11,851	16,428	29,256	26,367	30,055	11,336	3,633	167	141	185	182
Operating Profit	-24	23	184	-63	-53	460	-105	-162	-138	-181	-179
OPM %	-0.20%	0.14%	0.63%	-0.24%	-0.18%	3.90%	-2.98%	-3029.03%	-5140.89%	-5321.70%	-6574.73%
	136	37	11	-1	-848	-137	1,510	244	241	651	726
Interest	24	18	69	149	206	228	124	1	1	1	1
Depreciation	7	5	6	6	6	5	5	4	5	5	5
Profit before Tax	-6	48	146	-291	-1,112	101	1,766	200	114	639	552
Tax %	-435.25%	21.41%	25.47%	-0.31%	29.04%	355.46%	11.54%	3.91%	24.21%	39.34%	49.38%
Net Profit	-30	38	109	-292	-789	-258	1,562	192	87	387	280
EPS	-0.30	0.25	0.72	-1.95	-5.26	-1.72	10.42	1.34	0.58	2.58	—
Dividend Payout %	-100.81%	79.96%	41.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -56%
5 Years:: -84%
3 Years:: -90%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -37%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 6%
3 Years:: 2%
1 Year:: -5%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 57%
3 Years:: 13%
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	100	100	150	150	150	150	150	150	150	150
	1,101	1,103	1,119	733	-50	-298	1,262	1,476	1,552	1,971
	440	519	961	3,856	2,421	2,626	202	159	2	2
Trade Payables	689	1,065	1,139	666	998	534	346	337	240	238
	3,285	2,150	780	774	1,399	1,557	1,564	1,403	1,377	435
Total Liabilities	5,615	4,937	4,149	6,179	4,918	4,569	3,523	3,525	3,321	2,796
	53	48	45	45	38	35	30	26	22	16
	247	128	147	80	82	102	127	276	328	533
	2,367	1,711	280	218	46	30	1	0	0	0
	0	0	0	0	0	0	0	393	119	24
Cash & Bank	527	144	134	227	254	202	1,346	1,328	1,339	1,789
	2,421	2,905	3,543	5,610	4,499	4,200	2,019	1,502	1,514	434
Total Assets	5,615	4,937	4,149	6,179	4,918	4,569	3,523	3,525	3,321	2,796

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	321	-444	-340	-2,569	1,696	2	934	-353	-367	-605
Cash from Investing	-68	117	9	-58	11	3	1,959	198	278	579
Cash from Financing	110	26	339	2,689	-1,634	-5	-2,547	-43	-1	-1
	315	-312	-19	42	80	-3	166	-198	-90	-27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	89.93	89.93	89.93	89.93	89.93	89.93	89.93	89.93
	0.09	0.11	0.16	0.11	0.09	0.02	0.13	0.16
	2.15	1.86	1.87	1.87	1.84	1.77	1.77	1.78
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	7.84	8.10	8.05	8.09	8.13	8.29	8.17	8.14

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Updates

2026-09-08 - MMTC Limited has informed the Exchange regarding 'MMTC Limited has informed the Exchange regarding the receipt of 458 requests for Re-Lodgment of Transfer requests of Physical Shares as per SEBI Circular No. HO/38/13/11 (2) 2026-MIRSD-POD/I/3750/2026 dated January 30, 2026' for August 2026'.

2026-08-31

General Updates

2026-08-31 - MMTC Limited has informed the exchange regarding clarification pertaining to Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A) & 21(2) of SEBI (LODR) Regulations,2015

2026-08-24

Copy of Newspaper Publication

2026-08-24 - MMTC Limited has informed the Exchange about Copy of Newspaper Publication of Notice of 63rd AGM of MMTC Limited to be held on Thursday, 17.09.2026 at 11:00 a.m.

2026-08-24

Shareholders meeting

2026-08-24 - MMTC Limited has informed the Exchange regarding Notice of 63rd Annual General Meeting to be held on Thursday, September 17, 2026 at 11:00 A.M.

2026-08-21

Spurt in Volume

2026-08-21 - Significant increase in volume has been observed in MMTC Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. MMTC Limited has submitted their response.

2026-08-20

Spurt in Volume

2026-08-20 - Significant increase in volume has been observed in MMTC Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-13

Copy of Newspaper Publication

2026-08-13 - MMTC Limited has informed the Exchange about Publication of Extract of the Unaudited Financial Results (Standalone and Consolidated) in Newspaper (Hindi and English) for the quarter ended 30th June, 2026

2026-08-11

General Updates

2026-08-11 - Statement on Impact of Audit Qualification (Standalone & Consolidated) for the quarter ended 30 June 2026

2026-08-11

Outcome of Board Meeting

2026-08-11 - MMTC Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for MMTC

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MMTC Ltd.

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Name

ADANIENT

3057.10

55.59

413846.54

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

AEGISLOG

1353.10

37.96

47493.81

0.64

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3830.15

94.94

45310.84

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

PREMIERENE

974.55

26.57

44239.84

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

REDINGTON

393.65

18.09

30774.55

1.52

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.95

61.70

15354.11

0.64

90.45

118.87

755.95

27.00

20.87

14.58

LLOYDSENT

69.79

94.88

10653.81

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

751.25

76.16

9468.39

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

61.96

20.78

9294.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1819.35

63.14

7918.37

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

EBGNG

683.00

54.67

7786.99

0.00

28.93

56.21

412.46

32.08

20.58

11.97

CELLO

333.00

24.01

7510.42

0.45

73.40

-8.99

526.72

-0.43

17.15

18.80

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

214

-210

277

-180

114

Operating Profit

-63

-30

-36

-33

-51

-30

-31

-27

-23

-22

-23

-113

-21

OPM %

-29.38%

14.42%

-4982.19%

-5123.44%

-7787.69%

-1938.46%

-12224.00%

-11843.48%

-1698.53%

-2004.55%

-6767.65%

-18604.92%

-3079.41%

415

131

145

Interest

-1

Depreciation

Profit before Tax

392

135

Tax %

56.57%

12.20%

12.76%

-2.58%

25.15%

3.15%

118.67%

97.45%

20.07%

65.95%

-5.97%

-103.86%

22.82%

Net Profit

171

463

1,260

104

0.10

0.35

0.37

0.47

0.22

0.32

0.02

0.01

0.30

1.14

0.31

0.84

0.69

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

11,827

16,451

29,440

26,305

30,001

11,796

3,528

11,851

16,428

29,256

26,367

30,055

11,336

3,633

167

141

185

182

Operating Profit

-24

184

-63

-53

460

-105

-162

-138

-181

-179

OPM %

-0.20%

0.14%

0.63%

-0.24%

-0.18%

3.90%

-2.98%

-3029.03%

-5140.89%

-5321.70%

-6574.73%

136

-1

-848

-137

1,510

244

241

651

726

Interest

149

206

228

124

Depreciation

Profit before Tax

-6

146

-291

-1,112

101

1,766

200

114

639

552

Tax %

-435.25%

21.41%

25.47%

-0.31%

29.04%

355.46%

11.54%

3.91%

24.21%

39.34%

49.38%

Net Profit

-30

109

-292

-789

-258

1,562

192

387

280

EPS

-0.30

0.25

0.72

-1.95

-5.26

-1.72

10.42

1.34

0.58

2.58

—

Dividend Payout %

-100.81%

79.96%

41.39%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

100

150

1,101

1,103

1,119

733

-50

-298

1,262

1,476

1,552

1,971

440

519

961

3,856

2,421

2,626

202

159

Trade Payables

689

1,065

1,139

666

998

534

346

337

240

238

3,285

2,150

780

774

1,399

1,557

1,564

1,403

1,377

435

Total Liabilities

5,615

4,937

4,149

6,179

4,918

4,569

3,523

3,525

3,321

2,796

247

128

147

102

127

276

328

533

2,367

1,711

280

218

393

119

Cash & Bank

527

144

134

227

254

202

1,346

1,328

1,339

1,789

2,421

2,905

3,543

5,610

4,499

4,200

2,019

1,502

1,514

434

Total Assets

5,615

4,937

4,149

6,179

4,918

4,569

3,523

3,525

3,321

2,796

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

321

-444

-340

-2,569

1,696

934

-353

-367

-605

Cash from Investing

-68

117

-58

1,959

198

278

579

Cash from Financing

110

339

2,689

-1,634

-5

-2,547

-43

-1

315

-312

-19

-3

166

-198

-90

-27

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

89.93

0.09

0.11

0.16

0.11

0.09

0.02

0.13

0.16

2.15

1.86

1.87

1.84

1.77

1.78

Government

0.00

7.84

8.10

8.05

8.09

8.13

8.29

8.17

8.14

MMTC Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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MMTC Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI