MSTC Ltd
MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc.[1] The company is owned and controlled by the Government of India.
- Market Cap ₹ 5,981 Cr.
- Current Price ₹ 850
- High / Low ₹ 1,165 / 336
- Stock P/E 29.2
- Book Value ₹ 126
- Dividend Yield 1.77 %
- ROCE 34.7 %
- ROE 24.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 21.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
- Company has been maintaining a healthy dividend payout of 41.8%
Cons
- The company has delivered a poor sales growth of -25.6% over past five years.
- Earnings include an other income of Rs.211 Cr.
- Company has high debtors of 252 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: E-Commerce/App based Aggregator Industry: Trading
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
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5,454 | 5,689 | 3,225 | 1,739 | 2,265 | 3,292 | 1,231 | 780 | 876 | 721 | 751 | |
5,276 | 5,525 | 3,386 | 1,603 | 2,578 | 3,498 | 1,083 | 831 | 867 | 528 | 597 | |
Operating Profit | 178 | 164 | -161 | 136 | -313 | -206 | 148 | -51 | 9 | 193 | 154 |
OPM % | 3% | 3% | -5% | 8% | -14% | -6% | 12% | -7% | 1% | 27% | 21% |
-114 | 90 | 83 | 137 | 528 | 48 | 65 | 214 | 247 | 158 | 211 | |
Interest | 145 | 93 | 104 | 78 | 85 | 65 | 30 | 8 | 3 | 0 | 0 |
Depreciation | 15 | 8 | 12 | 12 | 12 | 15 | 17 | 19 | 21 | 22 | 24 |
Profit before tax | -95 | 152 | -194 | 183 | 117 | -237 | 167 | 136 | 233 | 329 | 340 |
Tax % | 35% | 32% | -27% | 24% | 34% | -29% | 42% | 17% | 15% | 26% | 40% |
-62 | 103 | -247 | 139 | 77 | -307 | 97 | 113 | 199 | 242 | 204 | |
EPS in Rs | -70.48 | 117.51 | -280.80 | 79.06 | 21.94 | -43.62 | 13.78 | 16.05 | 28.28 | 34.37 | 29.03 |
Dividend Payout % | 0% | 18% | -7% | 25% | 34% | -17% | 0% | 27% | 46% | 44% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | -18% |
5 Years: | -26% |
3 Years: | -1% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 22% |
3 Years: | 22% |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 54% |
3 Years: | 45% |
1 Year: | 154% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 27% |
3 Years: | 30% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 18 | 35 | 70 | 70 | 70 | 70 | 70 | 70 |
Reserves | 749 | 829 | 306 | 388 | 696 | 318 | 404 | 488 | 584 | 716 | 819 |
873 | 1,106 | 653 | 688 | 766 | 615 | 259 | 154 | 150 | 145 | 145 | |
3,811 | 4,082 | 3,194 | 3,505 | 3,607 | 1,826 | 1,469 | 1,536 | 1,211 | 1,758 | 1,215 | |
Total Liabilities | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,689 | 2,249 |
68 | 73 | 62 | 66 | 69 | 83 | 96 | 89 | 142 | 141 | 150 | |
CWIP | 2 | 2 | 4 | 2 | 10 | 23 | 29 | 52 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 3 | 9 | 14 | 11 | 14 | 21 | 19 | 12 |
5,371 | 5,951 | 4,096 | 4,529 | 5,015 | 2,708 | 2,065 | 2,093 | 1,853 | 2,529 | 2,087 | |
Total Assets | 5,441 | 6,026 | 4,162 | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,689 | 2,249 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-35 | -150 | 116 | -519 | 21 | 101 | 222 | 681 | 170 | 886 | -312 | |
86 | 72 | 68 | 377 | 84 | 60 | 255 | 11 | -72 | -593 | -244 | |
-184 | 233 | -476 | 12 | -94 | -217 | -233 | -107 | -98 | -119 | -96 | |
Net Cash Flow | -134 | 154 | -292 | -130 | 11 | -56 | 245 | 585 | 0 | 175 | -653 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 257 | 266 | 292 | 726 | 642 | 207 | 434 | 416 | 228 | 235 | 252 |
Inventory Days | 3 | 11 | 3 | 22 | 1 | 1 | 4 | 10 | 12 | 35 | 31 |
Days Payable | 236 | 213 | 291 | 761 | 598 | 134 | 388 | 722 | 356 | 1,108 | 968 |
Cash Conversion Cycle | 24 | 64 | 3 | -13 | 45 | 74 | 50 | -295 | -116 | -839 | -684 |
Working Capital Days | 16 | 24 | -50 | 39 | 88 | 21 | 38 | -234 | -187 | -519 | -250 |
ROCE % | 14% | -6% | 25% | 16% | -14% | 23% | 20% | 31% | 38% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 15h
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Submission Of Auditor'S Report As Per The Prescribed Format
27 Jun - Email received from BSE, the Auditor''s Report on the financial results for the quarter and year ended 31st March, 2024 in the prescribed format is …
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Jun - Transcript of Conference call held with the Investors on 28th May, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 May - Recording of conference call with the Investors/ Analyst to discuss the Financial performance of the Company for the quarter and year ended 31st March, 2024 …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Nov 2019Transcript PPT
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Sep 2019TranscriptPPT
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Aug 2019TranscriptPPT
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Jun 2019TranscriptPPT
Trading/ Marketing Business (~37% of revenues in FY22) [1]
The company acts as a facilitator for procurement of raw material for secondary steel producers and petrochemical industry on behalf of buyers and charges mark-up on a percentage basis.
The business is involved in import as well as domestic sourcing of bulk industrial raw material for actual users as well as traders. It sources raw materials like heavy melting scrap, low ash metallurgical coke, HR coil, Naptha, crude oil, coking coal, etc. [2]