MSTC Ltd.
•₹ 701.451.31%
2026-08-21
PROS
- Company has delivered good profit growth of 39.9% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 47.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.1%
- Latest quarter profit grew 31.1% YoY, showing strong momentum
- Operating margins have improved to 55.8% from 48.4%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.93x)
CONS
- Company's sales have been declining over the last five years
- Working capital days have increased from 294 to 441 days
- Contingent liabilities are large at 52.5% of net worth
- Growth is decelerating - 3Y profit CAGR (26.3%) trails the 5Y trend (39.9%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ETERNAL | 320.20 | 713.64 | 309004.23 | 0.00 | 92.00 | 268.00 | 20211.00 | 182.00 | 3.29 | 2.94 |
| 2. | NYKAA | 327.50 | 366.22 | 93799.73 | 0.00 | 79.76 | 225.95 | 2782.00 | 29.10 | 20.15 | 8.48 |
| 3. | MEESHO | 196.90 | 0.00 | 91038.09 | 0.00 | -1328.35 | -359.07 | 37128.11 | 1382.83 | -78.80 | -6.05 |
| 4. | SWIGGY | 272.40 | 0.00 | 75190.94 | 0.00 | -791.00 | 33.92 | 6812.00 | 37.31 | -27.59 | -9.56 |
| 5. | SHIPROCKET | 143.50 | 0.00 | 10440.74 | 0.00 | — | — | — | — | -3.02 | — |
| 6. | INDIAMART | 1732.85 | 21.12 | 10421.91 | 3.46 | 172.20 | 12.18 | 414.40 | 11.37 | 28.39 | 31.83 |
| 7. | FIRSTCRY | 196.70 | 0.00 | 10269.48 | 0.00 | -43.95 | 33.91 | 2106.23 | 13.08 | -1.65 | 2.83 |
| 8. | IBULLSLTD | 26.51 | 14.74 | 6175.62 | 0.00 | 1410.20 | 53516.67 | 3594.50 | — | 0.00 | 42.82 |
| 9. | MSTCLTD | 707.05 | 21.24 | 4977.63 | 2.22 | 58.22 | 37.50 | 94.24 | 21.71 | 60.68 | 61.36 |
| 10. | ISFT | 84.74 | 10.07 | 138.23 | 0.00 | 4.54 | 10.85 | 139.63 | 8.25 | 6.12 | 3.50 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 82 | 81 | 71 | 82 | 69 | 72 | 81 | 89 | 77 | 85 | 88 | 119 | 94 | |
| 28 | 31 | 36 | 133 | 29 | 32 | 32 | 44 | 32 | 33 | 37 | 44 | 39 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 18 | 40 | 24 | 121 | 17 | 21 | 15 | 23 | 16 | 17 | 18 | 32 | 24 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| 71 | 88 | 58 | 68 | 54 | 57 | 337 | 55 | 60 | 66 | 66 | 103 | 79 | |
| Tax % | 36.83% | 22.53% | 31.75% | 71.24% | 25.73% | 24.55% | 25.17% | -21.79% | 25.67% | 25.71% | 21.17% | 26.69% | 25.99% |
| Net Profit | 45 | 69 | 39 | 20 | 40 | 43 | 252 | 67 | 44 | 49 | 52 | 76 | 58 |
| 6 | 10 | 6 | 3 | 6 | 6 | 36 | 10 | 6 | 7 | 7 | 11 | 1 | |
| Equity Capital | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 82
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 0
- Depreciation
- 2
- 71
- Tax %
- 36.83%
- Net Profit
- 45
- 6
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 81
- 31
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 0
- Depreciation
- 2
- 88
- Tax %
- 22.53%
- Net Profit
- 69
- 10
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 71
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 0
- Depreciation
- 2
- 58
- Tax %
- 31.75%
- Net Profit
- 39
- 6
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 82
- 133
- Operating Profit
- —
- OPM %
- —
- Other Income
- 121
- Interest
- 0
- Depreciation
- 2
- 68
- Tax %
- 71.24%
- Net Profit
- 20
- 3
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 69
- 29
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 0
- Depreciation
- 2
- 54
- Tax %
- 25.73%
- Net Profit
- 40
- 6
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 72
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 0
- Depreciation
- 3
- 57
- Tax %
- 24.55%
- Net Profit
- 43
- 6
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 81
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 0
- Depreciation
- 2
- 337
- Tax %
- 25.17%
- Net Profit
- 252
- 36
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 89
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 0
- Depreciation
- 2
- 55
- Tax %
- -21.79%
- Net Profit
- 67
- 10
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 77
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 0
- Depreciation
- 2
- 60
- Tax %
- 25.67%
- Net Profit
- 44
- 6
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 85
- 33
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 0
- Depreciation
- 3
- 66
- Tax %
- 25.71%
- Net Profit
- 49
- 7
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 88
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 0
- Depreciation
- 3
- 66
- Tax %
- 21.17%
- Net Profit
- 52
- 7
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 119
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 0
- Depreciation
- 3
- 103
- Tax %
- 26.69%
- Net Profit
- 76
- 11
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 94
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 0
- Depreciation
- 3
- 79
- Tax %
- 25.99%
- Net Profit
- 58
- 1
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 70
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,892 | 1,429 | 1,946 | 2,927 | 831 | 428 | 471 | 325 | 316 | 311 | 386 | |
| 2,769 | 1,322 | 2,261 | 3,172 | 732 | 514 | 522 | 178 | 227 | 137 | 155 | |
| Operating Profit | 198 | 176 | 198 | -204 | 160 | 125 | 228 | 320 | 292 | 250 | — |
| OPM % | 7 | 12 | 10 | -7 | 19 | 29 | 48 | 99 | 92 | 80 | — |
| Other Income | 76 | 69 | 513 | 42 | 62 | 211 | 279 | 173 | 203 | 77 | 91 |
| Interest | 103 | 78 | 85 | 64 | 28 | 8 | 3 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 1 | 1 | 1 | 2 | 2 | 5 | 6 | 7 | 9 | 11 |
| 91 | 97 | 112 | -269 | 129 | 115 | 220 | 313 | 284 | 504 | 315 | |
| Tax % | 34 | 32 | 31 | -21 | 42 | 12 | 9 | 24 | 40 | 20 | 25 |
| Net Profit | 60 | 65 | 77 | -324 | 75 | 101 | 200 | 239 | 172 | 403 | 235 |
| EPS | 68 | 37 | 11 | -46 | 11 | 14 | 28 | 34 | 24 | 57 | — |
| Dividend Payout % | 30 | 45 | 34 | 0 | 31 | 31 | 45 | 44 | 63 | 71 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 9 | 11 | -46 | 11 | 14 | 28 | 34 | 24 | 57 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 9 | 11 | -46 | 11 | 14 | 28 | 34 | 24 | 57 | — |
Mar 2016
- 2,892
- 2,769
- Operating Profit
- 198
- OPM %
- 7
- Other Income
- 76
- Interest
- 103
- Depreciation
- 4
- 91
- Tax %
- 34
- Net Profit
- 60
- EPS
- 68
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2017
- 1,429
- 1,322
- Operating Profit
- 176
- OPM %
- 12
- Other Income
- 69
- Interest
- 78
- Depreciation
- 1
- 97
- Tax %
- 32
- Net Profit
- 65
- EPS
- 37
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2018
- 1,946
- 2,261
- Operating Profit
- 198
- OPM %
- 10
- Other Income
- 513
- Interest
- 85
- Depreciation
- 1
- 112
- Tax %
- 31
- Net Profit
- 77
- EPS
- 11
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2019
- 2,927
- 3,172
- Operating Profit
- -204
- OPM %
- -7
- Other Income
- 42
- Interest
- 64
- Depreciation
- 1
- -269
- Tax %
- -21
- Net Profit
- -324
- EPS
- -46
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -46
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -46
Mar 2020
- 831
- 732
- Operating Profit
- 160
- OPM %
- 19
- Other Income
- 62
- Interest
- 28
- Depreciation
- 2
- 129
- Tax %
- 42
- Net Profit
- 75
- EPS
- 11
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2021
- 428
- 514
- Operating Profit
- 125
- OPM %
- 29
- Other Income
- 211
- Interest
- 8
- Depreciation
- 2
- 115
- Tax %
- 12
- Net Profit
- 101
- EPS
- 14
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2022
- 471
- 522
- Operating Profit
- 228
- OPM %
- 48
- Other Income
- 279
- Interest
- 3
- Depreciation
- 5
- 220
- Tax %
- 9
- Net Profit
- 200
- EPS
- 28
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
Mar 2023
- 325
- 178
- Operating Profit
- 320
- OPM %
- 99
- Other Income
- 173
- Interest
- 0
- Depreciation
- 6
- 313
- Tax %
- 24
- Net Profit
- 239
- EPS
- 34
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
Mar 2024
- 316
- 227
- Operating Profit
- 292
- OPM %
- 92
- Other Income
- 203
- Interest
- 0
- Depreciation
- 7
- 284
- Tax %
- 40
- Net Profit
- 172
- EPS
- 24
- Dividend Payout %
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
Mar 2025
- 311
- 137
- Operating Profit
- 250
- OPM %
- 80
- Other Income
- 77
- Interest
- 0
- Depreciation
- 9
- 504
- Tax %
- 20
- Net Profit
- 403
- EPS
- 57
- Dividend Payout %
- 71
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
TTM
- 386
- 155
- Operating Profit
- —
- OPM %
- —
- Other Income
- 91
- Interest
- 0
- Depreciation
- 11
- 315
- Tax %
- 25
- Net Profit
- 235
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -25%
- 5 Years:
- -18%
- 3 Years:
- -13%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 16%
- 5 Years:
- 40%
- 3 Years:
- 26%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 22%
- 3 Years:
- 22%
- 1 Year:
- 47%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 42%
- 3 Years:
- 43%
- Last Year:
- 57%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 9 | 18 | 35 | 70 | 70 | 70 | 70 | 70 | 70 | 70 |
| 724 | 499 | 528 | 138 | 209 | 285 | 395 | 524 | 594 | 681 | |
| 628 | 688 | 762 | 604 | 228 | 150 | 150 | 145 | 145 | 145 | |
| Trade Payables | 2,116 | 2,526 | 2,552 | 905 | 592 | 381 | 161 | 120 | 118 | 123 |
| 761 | 1,084 | 1,175 | 1,076 | 1,055 | 1,145 | 1,040 | 1,696 | 1,302 | 1,565 | |
| Total Liabilities | 4,238 | 4,816 | 5,052 | 2,793 | 2,154 | 2,031 | 1,816 | 2,555 | 2,229 | 2,585 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 4 | 5 | 4 | 13 | 16 | 14 | 69 | 66 | 69 | 65 | |
| Capital Work in Progress | 0 | 0 | 6 | 20 | 29 | 50 | 0 | 0 | 0 | 0 |
| 16 | 19 | 26 | 34 | 34 | 38 | 44 | 46 | 46 | 25 | |
| 15 | 71 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 317 | 310 | |
| Cash & Bank | 945 | 449 | 506 | 339 | 171 | 720 | 735 | 1,439 | 1,030 | 1,359 |
| 3,257 | 4,272 | 4,510 | 2,386 | 1,904 | 1,208 | 967 | 1,004 | 769 | 827 | |
| Total Assets | 4,238 | 4,816 | 5,052 | 2,793 | 2,154 | 2,031 | 1,816 | 2,555 | 2,229 | 2,585 |
| Total Debt | 628 | 688 | 762 | 605 | 232 | 154 | 150 | 145 | 145 | 145 |
| Net Working Capital | 539 | 187 | 221 | -147 | -57 | 8 | 97 | 242 | 255 | 376 |
| Contingent Liabilities | 253 | 237 | 224 | 235 | 220 | 227 | 230 | 230 | 307 | 395 |
| Book Value per Share | 832.36 | 293.76 | 159.88 | 29.56 | 39.75 | 50.42 | 66.11 | 84.38 | 94.40 | 106.79 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 628 | 688 | 762 | 605 | 232 | 154 | 150 | 145 | 145 | 145 |
| Net Working Capital | 539 | 187 | 221 | -147 | -57 | 8 | 97 | 242 | 255 | 376 |
| Contingent Liabilities | 253 | 237 | 224 | 235 | 220 | 227 | 230 | 230 | 307 | 395 |
| Book Value per Share | 832.36 | 293.76 | 159.88 | 29.56 | 39.75 | 50.42 | 66.11 | 84.38 | 94.40 | 106.79 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 9
- 724
- 628
- Trade Payables
- 2,116
- 761
- Total Liabilities
- 4,238
- 4
- Capital Work in Progress
- 0
- 16
- 15
- 0
- Cash & Bank
- 945
- 3,257
- Total Assets
- 4,238
- Total Debt
- 628
- Net Working Capital
- 539
- Contingent Liabilities
- 253
- Book Value per Share
- 832.36
- Face Value
- 10.00
- Total Debt
- 628
- Net Working Capital
- 539
- Contingent Liabilities
- 253
- Book Value per Share
- 832.36
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 18
- 499
- 688
- Trade Payables
- 2,526
- 1,084
- Total Liabilities
- 4,816
- 5
- Capital Work in Progress
- 0
- 19
- 71
- 0
- Cash & Bank
- 449
- 4,272
- Total Assets
- 4,816
- Total Debt
- 688
- Net Working Capital
- 187
- Contingent Liabilities
- 237
- Book Value per Share
- 293.76
- Face Value
- 10.00
- Total Debt
- 688
- Net Working Capital
- 187
- Contingent Liabilities
- 237
- Book Value per Share
- 293.76
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 35
- 528
- 762
- Trade Payables
- 2,552
- 1,175
- Total Liabilities
- 5,052
- 4
- Capital Work in Progress
- 6
- 26
- 0
- 0
- Cash & Bank
- 506
- 4,510
- Total Assets
- 5,052
- Total Debt
- 762
- Net Working Capital
- 221
- Contingent Liabilities
- 224
- Book Value per Share
- 159.88
- Face Value
- 10.00
- Total Debt
- 762
- Net Working Capital
- 221
- Contingent Liabilities
- 224
- Book Value per Share
- 159.88
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 70
- 138
- 604
- Trade Payables
- 905
- 1,076
- Total Liabilities
- 2,793
- 13
- Capital Work in Progress
- 20
- 34
- 0
- 0
- Cash & Bank
- 339
- 2,386
- Total Assets
- 2,793
- Total Debt
- 605
- Net Working Capital
- -147
- Contingent Liabilities
- 235
- Book Value per Share
- 29.56
- Face Value
- 10.00
- Total Debt
- 605
- Net Working Capital
- -147
- Contingent Liabilities
- 235
- Book Value per Share
- 29.56
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 70
- 209
- 228
- Trade Payables
- 592
- 1,055
- Total Liabilities
- 2,154
- 16
- Capital Work in Progress
- 29
- 34
- 0
- 0
- Cash & Bank
- 171
- 1,904
- Total Assets
- 2,154
- Total Debt
- 232
- Net Working Capital
- -57
- Contingent Liabilities
- 220
- Book Value per Share
- 39.75
- Face Value
- 10.00
- Total Debt
- 232
- Net Working Capital
- -57
- Contingent Liabilities
- 220
- Book Value per Share
- 39.75
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 70
- 285
- 150
- Trade Payables
- 381
- 1,145
- Total Liabilities
- 2,031
- 14
- Capital Work in Progress
- 50
- 38
- 0
- 0
- Cash & Bank
- 720
- 1,208
- Total Assets
- 2,031
- Total Debt
- 154
- Net Working Capital
- 8
- Contingent Liabilities
- 227
- Book Value per Share
- 50.42
- Face Value
- 10.00
- Total Debt
- 154
- Net Working Capital
- 8
- Contingent Liabilities
- 227
- Book Value per Share
- 50.42
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 70
- 395
- 150
- Trade Payables
- 161
- 1,040
- Total Liabilities
- 1,816
- 69
- Capital Work in Progress
- 0
- 44
- 0
- 0
- Cash & Bank
- 735
- 967
- Total Assets
- 1,816
- Total Debt
- 150
- Net Working Capital
- 97
- Contingent Liabilities
- 230
- Book Value per Share
- 66.11
- Face Value
- 10.00
- Total Debt
- 150
- Net Working Capital
- 97
- Contingent Liabilities
- 230
- Book Value per Share
- 66.11
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 70
- 524
- 145
- Trade Payables
- 120
- 1,696
- Total Liabilities
- 2,555
- 66
- Capital Work in Progress
- 0
- 46
- 0
- 0
- Cash & Bank
- 1,439
- 1,004
- Total Assets
- 2,555
- Total Debt
- 145
- Net Working Capital
- 242
- Contingent Liabilities
- 230
- Book Value per Share
- 84.38
- Face Value
- 10.00
- Total Debt
- 145
- Net Working Capital
- 242
- Contingent Liabilities
- 230
- Book Value per Share
- 84.38
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 70
- 594
- 145
- Trade Payables
- 118
- 1,302
- Total Liabilities
- 2,229
- 69
- Capital Work in Progress
- 0
- 46
- 0
- 317
- Cash & Bank
- 1,030
- 769
- Total Assets
- 2,229
- Total Debt
- 145
- Net Working Capital
- 255
- Contingent Liabilities
- 307
- Book Value per Share
- 94.40
- Face Value
- 10.00
- Total Debt
- 145
- Net Working Capital
- 255
- Contingent Liabilities
- 307
- Book Value per Share
- 94.40
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 70
- 681
- 145
- Trade Payables
- 123
- 1,565
- Total Liabilities
- 2,585
- 65
- Capital Work in Progress
- 0
- 25
- 0
- 310
- Cash & Bank
- 1,359
- 827
- Total Assets
- 2,585
- Total Debt
- 145
- Net Working Capital
- 376
- Contingent Liabilities
- 395
- Book Value per Share
- 106.79
- Face Value
- 10.00
- Total Debt
- 145
- Net Working Capital
- 376
- Contingent Liabilities
- 395
- Book Value per Share
- 106.79
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 110 | -490 | 70 | 60 | 233 | 665 | 71 | 781 | -283 | 260 | |
| Cash from Investing | 77 | 305 | 57 | 104 | 231 | -10 | 25 | -475 | -272 | 165 |
| Cash from Financing | -480 | 15 | -98 | -210 | -231 | -107 | -98 | -119 | -96 | -289 |
| -292 | -171 | 29 | -46 | 234 | 548 | -2 | 187 | -651 | 136 | |
| Free Cash Flow | 110 | -490 | 63 | 37 | 222 | 644 | 62 | 778 | -291 | 257 |
| OCF / Net Profit | 1.84 | -7.49 | 0.91 | -0.18 | 3.10 | 6.58 | 0.36 | 3.26 | -1.64 | 0.65 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -58 | 476 | 1,028 | 1,742 | 1,414 | 1,449 |
| OCF / Net Profit | 1.84 | -7.49 | 0.91 | -0.18 | 3.10 | 6.58 | 0.36 | 3.26 | -1.64 | 0.65 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -58 | 476 | 1,028 | 1,742 | 1,414 | 1,449 |
Mar 2016
- 110
- Cash from Investing
- 77
- Cash from Financing
- -480
- -292
- Free Cash Flow
- 110
- OCF / Net Profit
- 1.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.84
- Cumulative 5-Year FCF
- 0
Mar 2017
- -490
- Cash from Investing
- 305
- Cash from Financing
- 15
- -171
- Free Cash Flow
- -490
- OCF / Net Profit
- -7.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -7.49
- Cumulative 5-Year FCF
- 0
Mar 2018
- 70
- Cash from Investing
- 57
- Cash from Financing
- -98
- 29
- Free Cash Flow
- 63
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 0
Mar 2019
- 60
- Cash from Investing
- 104
- Cash from Financing
- -210
- -46
- Free Cash Flow
- 37
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 0
Mar 2020
- 233
- Cash from Investing
- 231
- Cash from Financing
- -231
- 234
- Free Cash Flow
- 222
- OCF / Net Profit
- 3.10
- Cumulative 5-Year FCF
- -58
- OCF / Net Profit
- 3.10
- Cumulative 5-Year FCF
- -58
Mar 2021
- 665
- Cash from Investing
- -10
- Cash from Financing
- -107
- 548
- Free Cash Flow
- 644
- OCF / Net Profit
- 6.58
- Cumulative 5-Year FCF
- 476
- OCF / Net Profit
- 6.58
- Cumulative 5-Year FCF
- 476
Mar 2022
- 71
- Cash from Investing
- 25
- Cash from Financing
- -98
- -2
- Free Cash Flow
- 62
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- 1,028
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- 1,028
Mar 2023
- 781
- Cash from Investing
- -475
- Cash from Financing
- -119
- 187
- Free Cash Flow
- 778
- OCF / Net Profit
- 3.26
- Cumulative 5-Year FCF
- 1,742
- OCF / Net Profit
- 3.26
- Cumulative 5-Year FCF
- 1,742
Mar 2024
- -283
- Cash from Investing
- -272
- Cash from Financing
- -96
- -651
- Free Cash Flow
- -291
- OCF / Net Profit
- -1.64
- Cumulative 5-Year FCF
- 1,414
- OCF / Net Profit
- -1.64
- Cumulative 5-Year FCF
- 1,414
Mar 2025
- 260
- Cash from Investing
- 165
- Cash from Financing
- -289
- 136
- Free Cash Flow
- 257
- OCF / Net Profit
- 0.65
- Cumulative 5-Year FCF
- 1,449
- OCF / Net Profit
- 0.65
- Cumulative 5-Year FCF
- 1,449
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 68.05 | 37.18 | 21.77 | -46.09 | 10.68 | 14.36 | 28.42 | 33.98 | 24.42 | 57.24 |
| Book Value (₹) | 832.36 | 293.76 | 159.88 | 29.56 | 39.75 | 50.42 | 66.11 | 84.38 | 94.40 | 106.79 |
| Dividend per Share (₹) | 20.50 | 16.60 | 7.40 | 0.00 | 3.30 | 4.40 | 12.90 | 15.00 | 15.50 | 40.50 |
| Cash EPS (₹) | 9.02 | 9.50 | 11.09 | -45.91 | 10.97 | 14.71 | 29.09 | 34.89 | 25.46 | 58.53 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 6.86% | 12.30% | 10.19% | -6.96% | 19.23% | 29.18% | 48.35% | 98.56% | 28.21% | 55.82% |
| Net Margin % | 2.07% | 4.58% | 3.94% | -11.09% | 9.05% | 23.63% | 42.51% | 73.67% | 54.36% | 129.59% |
| ROE % | 8.39% | 10.47% | 14.19% | -84.18% | 30.83% | 31.84% | 48.77% | 45.16% | 27.32% | 56.90% |
| ROCE % | 12.39% | 13.58% | 15.56% | -19.19% | 23.82% | 23.97% | 39.64% | 46.33% | 36.80% | 59.10% |
| 1.22% | 1.45% | 1.55% | -8.27% | 3.04% | 4.83% | 10.40% | 10.95% | 7.19% | 16.74% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 455 | 865 | 700 | 347 | 649 | 835 | 439 | 417 | 375 | 368 |
| Inventory Days | 10 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 348 | 714 | 598 | 248 | 482 | 1016 | 623 | 0 | 0 | 0 |
| 117 | 163 | 102 | 99 | 167 | -181 | -184 | 417 | 375 | 368 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.86x | 1.33x | 1.35x | 2.91x | 0.83x | 0.43x | 0.32x | 0.24x | 0.22x | 0.19x |
| Interest Coverage (x) | 1.88x | 2.24x | 2.31x | -3.20x | 5.58x | 15.95x | 79.12x | 2154.02x | 587.59x | 1520.61x |
| 1.15x | 1.05x | 1.05x | 0.93x | 0.96x | 1.01x | 1.09x | 1.15x | 1.22x | 1.28x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -46.70% | -50.59% | 36.23% | 50.39% | -71.62% | -48.51% | 10.03% | -31.00% | -2.61% | -1.67% |
| Operating Profit Growth % | -10.84% | -11.37% | 12.87% | -202.76% | 178.40% | -21.87% | 82.30% | 40.63% | -8.68% | -14.41% |
| Net Profit Growth % | -34.19% | 9.27% | 17.12% | -523.40% | 123.18% | 34.40% | 97.93% | 19.58% | -28.14% | 134.41% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28.14% | 134.41% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 34.04x | 8.93x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.80x | 4.79x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.86% | 7.93% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.99x | 9.53x |
Mar 2016
- EPS (₹)
- 68.05
- Book Value (₹)
- 832.36
- Dividend per Share (₹)
- 20.50
- Cash EPS (₹)
- 9.02
- Operating Margin %
- 6.86%
- Net Margin %
- 2.07%
- ROE %
- 8.39%
- ROCE %
- 12.39%
- 1.22%
- Debtor Days
- 455
- Inventory Days
- 10
- Payable Days
- 348
- 117
- Debt to Equity (x)
- 0.86x
- Interest Coverage (x)
- 1.88x
- 1.15x
- Revenue Growth %
- -46.70%
- Operating Profit Growth %
- -10.84%
- Net Profit Growth %
- -34.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 37.18
- Book Value (₹)
- 293.76
- Dividend per Share (₹)
- 16.60
- Cash EPS (₹)
- 9.50
- Operating Margin %
- 12.30%
- Net Margin %
- 4.58%
- ROE %
- 10.47%
- ROCE %
- 13.58%
- 1.45%
- Debtor Days
- 865
- Inventory Days
- 11
- Payable Days
- 714
- 163
- Debt to Equity (x)
- 1.33x
- Interest Coverage (x)
- 2.24x
- 1.05x
- Revenue Growth %
- -50.59%
- Operating Profit Growth %
- -11.37%
- Net Profit Growth %
- 9.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 21.77
- Book Value (₹)
- 159.88
- Dividend per Share (₹)
- 7.40
- Cash EPS (₹)
- 11.09
- Operating Margin %
- 10.19%
- Net Margin %
- 3.94%
- ROE %
- 14.19%
- ROCE %
- 15.56%
- 1.55%
- Debtor Days
- 700
- Inventory Days
- 0
- Payable Days
- 598
- 102
- Debt to Equity (x)
- 1.35x
- Interest Coverage (x)
- 2.31x
- 1.05x
- Revenue Growth %
- 36.23%
- Operating Profit Growth %
- 12.87%
- Net Profit Growth %
- 17.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -46.09
- Book Value (₹)
- 29.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -45.91
- Operating Margin %
- -6.96%
- Net Margin %
- -11.09%
- ROE %
- -84.18%
- ROCE %
- -19.19%
- -8.27%
- Debtor Days
- 347
- Inventory Days
- 0
- Payable Days
- 248
- 99
- Debt to Equity (x)
- 2.91x
- Interest Coverage (x)
- -3.20x
- 0.93x
- Revenue Growth %
- 50.39%
- Operating Profit Growth %
- -202.76%
- Net Profit Growth %
- -523.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 10.68
- Book Value (₹)
- 39.75
- Dividend per Share (₹)
- 3.30
- Cash EPS (₹)
- 10.97
- Operating Margin %
- 19.23%
- Net Margin %
- 9.05%
- ROE %
- 30.83%
- ROCE %
- 23.82%
- 3.04%
- Debtor Days
- 649
- Inventory Days
- 0
- Payable Days
- 482
- 167
- Debt to Equity (x)
- 0.83x
- Interest Coverage (x)
- 5.58x
- 0.96x
- Revenue Growth %
- -71.62%
- Operating Profit Growth %
- 178.40%
- Net Profit Growth %
- 123.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 14.36
- Book Value (₹)
- 50.42
- Dividend per Share (₹)
- 4.40
- Cash EPS (₹)
- 14.71
- Operating Margin %
- 29.18%
- Net Margin %
- 23.63%
- ROE %
- 31.84%
- ROCE %
- 23.97%
- 4.83%
- Debtor Days
- 835
- Inventory Days
- 0
- Payable Days
- 1016
- -181
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 15.95x
- 1.01x
- Revenue Growth %
- -48.51%
- Operating Profit Growth %
- -21.87%
- Net Profit Growth %
- 34.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 28.42
- Book Value (₹)
- 66.11
- Dividend per Share (₹)
- 12.90
- Cash EPS (₹)
- 29.09
- Operating Margin %
- 48.35%
- Net Margin %
- 42.51%
- ROE %
- 48.77%
- ROCE %
- 39.64%
- 10.40%
- Debtor Days
- 439
- Inventory Days
- 0
- Payable Days
- 623
- -184
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 79.12x
- 1.09x
- Revenue Growth %
- 10.03%
- Operating Profit Growth %
- 82.30%
- Net Profit Growth %
- 97.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 33.98
- Book Value (₹)
- 84.38
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 34.89
- Operating Margin %
- 98.56%
- Net Margin %
- 73.67%
- ROE %
- 45.16%
- ROCE %
- 46.33%
- 10.95%
- Debtor Days
- 417
- Inventory Days
- 0
- Payable Days
- 0
- 417
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 2154.02x
- 1.15x
- Revenue Growth %
- -31.00%
- Operating Profit Growth %
- 40.63%
- Net Profit Growth %
- 19.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 24.42
- Book Value (₹)
- 94.40
- Dividend per Share (₹)
- 15.50
- Cash EPS (₹)
- 25.46
- Operating Margin %
- 28.21%
- Net Margin %
- 54.36%
- ROE %
- 27.32%
- ROCE %
- 36.80%
- 7.19%
- Debtor Days
- 375
- Inventory Days
- 0
- Payable Days
- 0
- 375
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 587.59x
- 1.22x
- Revenue Growth %
- -2.61%
- Operating Profit Growth %
- -8.68%
- Net Profit Growth %
- -28.14%
- -28.14%
- P/E (x)
- 34.04x
- P/B (x)
- 8.80x
- Dividend Yield %
- 1.86%
- 16.99x
Mar 2025
- EPS (₹)
- 57.24
- Book Value (₹)
- 106.79
- Dividend per Share (₹)
- 40.50
- Cash EPS (₹)
- 58.53
- Operating Margin %
- 55.82%
- Net Margin %
- 129.59%
- ROE %
- 56.90%
- ROCE %
- 59.10%
- 16.74%
- Debtor Days
- 368
- Inventory Days
- 0
- Payable Days
- 0
- 368
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 1520.61x
- 1.28x
- Revenue Growth %
- -1.67%
- Operating Profit Growth %
- -14.41%
- Net Profit Growth %
- 134.41%
- 134.41%
- P/E (x)
- 8.93x
- P/B (x)
- 4.79x
- Dividend Yield %
- 7.93%
- 9.53x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-20 - Mstc Limited has informed the Exchange about Copy of Newspaper Publication regarding convening of 61st AGM through VC/OAVM.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-20 - Mstc Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jun 2026
May 2026