MSTC Limited

BSE: MSTCLTD542597ISIN INE255X01014

Services
Trading & Distributors
BSE 1000

Share price

₹583.25+17.10 (+3.02%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹804.00
52W low: ₹362.00
Off 52W high: -27.46%
1M return: -16.07%
3M return: -3.10%
6M return: +30.85%
1Y return: +6.22%
20D avg volume: 15,020
50 DMA: ₹683.78
200 DMA: ₹556.02

Key ratios Consolidated

Market cap: ₹4,106 Cr
Current price: ₹583.25
52W high / low: ₹804.00 / ₹362.00
Face value: ₹10.00
P/E: 17.52
P/B: 4.54
EPS (TTM): ₹33.28
Book value / share: ₹128.40
ROE: —
ROCE: 31.80%
Operating margin: —
Net margin: —
Debt / equity: 0.16
Net debt: ₹-408.72 Cr
Interest cover: 2,856.33
Dividend yield: 2.69%
Dividend / share (TTM): ₹15.70
Payout: 47.18%
Cash conversion cycle: 99.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	94.24	118.80	88.43	85.01	77.43	88.85	81.14	71.92	189.50	199.07	184.98	187.77
	23.75	31.57	18.28	17.30	16.23	23.18	15.06	21.35	19.03	146.89	19.44	23.47
	118.00	150.37	106.71	102.30	93.66	112.03	96.20	93.27	208.53	345.96	204.42	211.24
	39.47	45.53	40.21	36.14	34.03	36.54	34.35	34.30	125.36	237.97	127.32	131.06
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	16.21	17.75	15.74	15.50
	27.50	25.81	26.57	23.10	23.25	24.45	22.16	22.99	43.49	47.94	51.38	56.05
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09	0.09	0.41	—	—
	2.96	2.70	2.75	2.67	2.25	2.15	1.98	2.65	6.66	6.26	6.96	5.47
	9.01	17.01	10.89	10.38	8.54	9.94	—	—	—	—	—	—
	78.53	104.84	66.50	66.16	59.63	75.49	61.85	58.96	83.17	107.99	77.10	80.18
	0.00	0.00	0.00	0.00	0.00	-10.35	275.48	-1.94	0.00	0.00	0.00	0.00
	78.53	104.84	66.50	66.16	59.63	65.13	337.33	57.02	83.17	107.99	77.10	80.18
	20.41	27.60	14.08	17.01	15.31	-12.00	84.90	14.00	20.07	58.35	24.85	22.66
	58.22	77.22	51.37	47.50	42.34	75.52	250.85	56.39	61.90	48.45	49.97	55.34
	8.27	10.97	7.30	6.75	6.01	10.73	35.63	5.89	8.79	6.88	7.10	7.86
Key metrics
	81.49	107.54	69.25	68.83	61.88	67.28	339.31	59.76	89.92	114.66	84.06	85.65
	86.50%	90.50%	78.30%	81.00%	79.90%	75.70%	418.20%	83.10%	47.50%	57.60%	45.40%	45.60%
	61.80%	65.00%	58.10%	55.90%	54.70%	85.00%	309.20%	78.40%	32.70%	24.30%	27.00%	29.50%
	—	11.20%	—	7.70%	—	8.50%	—	—	—	—	—	—
	21.70%	33.70%	9.00%	18.20%	-59.10%	-55.40%	-56.10%	-61.70%	—	—	—	—
	37.50%	2.30%	-79.50%	-15.80%	-31.60%	55.90%	402.00%	1.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	386.48	369.66	310.96	750.82	720.97	876.15
	90.90	83.38	76.54	210.55	158.20	247.18
	477.38	453.04	387.50	961.37	879.17	1,123
	161.35	155.91	136.73	614.33	547.34	890.67
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	63.08	64.08	214.17
	102.98	98.72	91.32	200.03	171.80	193.26
	0.00	0.00	0.18	0.41	0.09	2.62
	11.08	10.36	9.09	24.15	21.84	20.78
	47.29	46.82	36.14	—	—	—
	316.03	297.13	250.77	347.05	331.83	232.65
	0.00	0.00	263.19	0.00	0.00	0.00
	316.03	297.13	513.96	347.05	331.83	232.65
	79.10	74.00	100.92	135.81	87.22	33.80
	234.31	218.43	407.07	204.37	241.96	199.13
	33.29	31.03	57.82	29.03	34.37	28.29
Key metrics
	327.11	307.49	523.23	371.61	353.76	256.05
	84.64%	83.20%	168.30%	49.50%	49.10%	29.20%
	60.63%	59.10%	130.90%	27.20%	33.60%	22.70%
	—	31.80%	66.80%	—	—	—
	21.02%	18.90%	-58.60%	4.10%	-17.70%	—
	-44.88%	-46.30%	99.20%	-15.50%	21.50%	—
	—	-50.05	235.67	—	—	—
	—	-0.13	0.64	—	—	—
	—	0.16	0.20	—	—	—
	—	-408.72	-233.20	—	—	—
	—	99.4	218.8	—	—	—
Balance sheet
	—	2,011	2,118	—	—	—
	—	1,604	1,725	—	—	—
	—	553.72	378.20	—	—	—
	—	226.90	309.54	—	—	—
	—	0.00	0.00	—	—	—
	—	5.65	4.62	—	—	—
	—	194.13	52.86	—	—	—
	—	126.16	123.11	—	—	—
	—	1,076	1,349	—	—	—
	—	145.00	145.00	—	—	—
	—	145.00	145.00	—	—	—
	—	0.00	0.00	—	—	—
	—	903.94	738.41	—	—	—
Cash flow
	—	-27.79	260.30	—	—	—
	—	256.82	164.84	—	—	—
	—	-53.50	-289.23	—	—	—
	—	22.26	24.63	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	94.24	118.80	88.43	85.01	77.43	88.85	81.14	71.92	69.05	81.93	70.85	81.13
	23.75	31.57	18.28	17.30	16.23	23.18	15.06	21.35	16.96	121.13	24.09	39.53
	118.00	150.37	106.71	102.30	93.66	112.03	96.20	93.27	86.01	203.06	94.94	120.66
	39.47	46.97	40.21	36.14	34.03	46.60	34.35	34.30	31.53	135.25	37.31	32.23
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	27.50	25.81	26.57	23.10	23.25	24.45	22.16	22.99	21.72	19.23	26.37	21.59
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09	0.09	0.41	—	—
	2.96	2.70	2.75	2.67	2.25	2.15	1.98	2.65	2.31	2.19	1.71	1.72
	9.01	18.45	10.89	10.38	8.53	20.00	—	—	—	—	—	—
	78.53	103.40	66.50	66.16	59.63	65.43	61.85	58.96	54.48	67.81	57.63	88.43
	0.00	0.00	0.00	0.00	0.00	-10.35	275.48	-1.94	—	—	—	—
	78.53	103.40	66.50	66.16	59.63	55.07	337.33	57.02	54.48	67.81	57.63	88.43
	20.41	27.60	14.08	17.01	15.31	-12.00	84.90	14.00	14.02	48.30	18.30	19.92
	58.12	75.80	52.41	49.15	44.32	67.07	252.43	43.02	40.46	19.51	39.33	68.51
	8.26	10.77	7.45	6.98	6.30	9.53	35.86	6.11	5.75	2.77	5.59	9.73
Key metrics
	81.49	106.10	69.25	68.83	61.88	57.22	339.31	59.76	56.88	70.41	59.34	90.15
	86.50%	89.30%	78.30%	81.00%	79.90%	64.40%	418.20%	83.10%	82.40%	85.90%	83.80%	111.10%
	61.70%	63.80%	59.30%	57.80%	57.20%	75.50%	311.10%	59.80%	58.60%	23.80%	55.50%	84.40%
	—	10.90%	—	7.60%	—	7.00%	—	—	—	—	—	—
	21.70%	33.70%	9.00%	18.20%	12.10%	8.40%	14.50%	-11.40%	—	—	—	—
	31.10%	13.00%	-79.20%	14.20%	9.50%	243.80%	541.80%	-37.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	386.48	369.66	310.96	316.25	324.72	470.64
	90.90	83.38	76.54	203.04	173.29	278.93
	477.38	453.04	387.50	519.29	498.00	749.57
	162.79	157.35	146.79	234.85	184.53	529.49
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	158.78
	102.98	98.72	91.32	88.01	69.33	85.71
	0.00	0.00	0.18	0.41	0.09	2.62
	11.08	10.36	9.09	7.32	6.41	4.68
	48.73	48.26	46.20	—	—	—
	314.59	295.69	240.71	284.44	313.48	220.08
	0.00	0.00	263.19	—	—	—
	314.59	295.69	503.90	284.44	313.48	220.08
	79.10	74.00	100.92	112.53	74.25	19.99
	235.48	221.69	402.98	171.91	239.23	200.09
	33.46	31.49	57.24	24.42	33.98	28.42
Key metrics
	325.67	306.05	513.17	292.17	319.98	227.38
	84.27%	82.80%	165.00%	92.40%	98.50%	48.30%
	60.93%	60.00%	129.60%	54.40%	73.70%	42.50%
	—	31.10%	64.40%	—	—	—
	21.02%	18.90%	-1.70%	-2.60%	-31.00%	—
	-42.12%	-45.00%	134.40%	-28.10%	19.60%	—
	—	-50.05	235.67	—	—	—
	—	-0.13	0.65	—	—	—
	—	0.16	0.19	—	—	—
	—	-408.72	-233.20	—	—	—
	—	99.4	218.8	—	—	—
Balance sheet
	—	2,027	2,132	—	—	—
	—	1,604	1,725	—	—	—
	—	553.72	378.20	—	—	—
	—	226.90	309.54	—	—	—
	—	0.00	0.00	—	—	—
	—	5.65	4.62	—	—	—
	—	194.13	52.86	—	—	—
	—	126.16	123.11	—	—	—
	—	1,076	1,349	—	—	—
	—	145.00	145.00	—	—	—
	—	145.00	145.00	—	—	—
	—	0.00	0.00	—	—	—
	—	920.55	751.79	—	—	—
Cash flow
	—	-27.79	260.30	—	—	—
	—	256.82	164.84	—	—	—
	—	-53.50	-289.23	—	—	—
	—	22.26	24.63	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +4.42%
Sales CAGR 5Y: —
Profit CAGR 3Y: -2.51%
Profit CAGR 5Y: —
Sales YoY (TTM): +21.02%
Profit YoY (TTM): -42.12%

Consolidated

Sales CAGR 3Y: -19.96%
Sales CAGR 5Y: —
Profit CAGR 3Y: -3.35%
Profit CAGR 5Y: —
Sales YoY (TTM): +21.02%
Profit YoY (TTM): -44.88%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 64.75%

Quarter	September 2026	June 2026
Promoter %	64.75%	64.75%

Holder	Type	Holding	Previous	Change
PRESIDENT OF INDIA	Promoter	64.75%	64.75%	0.00%
JUPITER INDIA FUND	Public	1.94%	1.72%	+0.22%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Redington Limited	28,660	366.60	18.17	19.00%	+31.26% TTM	-17.17% TTM	+46.46%
MMTC Ltd.	8,025	53.50	17.94	21.60%	-19.71% TTM	+355.55% TTM	-20.53%
MSTC Limited	4,106	583.25	17.52	31.80%	+21.02% TTM	-44.88% TTM	+6.22%
CREATIVE NEWTECH LIMITED	2,094	1,394.20	25.97	26.40%	—	—	—
Pervasive Commodities Limited S	1,137	12.62	74.24	0.00%	+111.30% TTM	+197.12% TTM	—
BN AGROCHEM LIMITED	1,117	114.20	65.40	4.20%	+84.51% TTM	-60.97% TTM	-68.29%
RRP DEFENSE LIMITED S	802	584.75	-330.37	-8.00%	+39.37% TTM	-364.13% TTM	-35.71%
The Yamuna Syndicate Ltd	750	24,400.00	8.22	0.30%	+11.33% TTM	-16.43% TTM	-32.22%
Shiv Aum Steels Limited	741	545.00	—	—	—	—	—
Riddhi Siddhi Gluco Biols Ltd	636	670.90	-27.71	2.80%	-37.98% TTM	+38.40% TTM	+20.31%
State Trading Corporation of India	624	104.00	—	-16.70%	—	—	-21.92%
Arvaya Healthcare Limited S	569	118.45	-311.71	-2.10%	-47.37% TTM	-2,742.86% TTM	+148.22%
Oswal Agro Mills Ltd.	548	40.86	-15.96	1.50%	-99.98% TTM	-127.15% TTM	-46.29%
SMT ENGINEERING LIMITED	459	254.15	18.72	24.80%	+248.17% TTM	+377.43% TTM	+169.03%
Filtron Engineers Ltd. S	451	71.04	1,420.80	0.30%	-100.00% TTM	+363.64% TTM	+67.00%
Kothari Products Ltd.	364	61.00	18.72	1.60%	+7.57% TTM	+124.93% TTM	-32.00%
Balgopal Commercial limited	337	145.00	-62.76	-12.50%	-96.08% TTM	-231.62% TTM	-35.47%
PIPAN OILS LIMITED S	323	184.25	-118.11	-191.70%	—	-1,342.11% TTM	+35.19%
VEGA JEWELLERS LIMITED S	315	61.95	10.45	31.50%	+465.43% TTM	+873.55% TTM	+60.24%
Novalum Materials Limited S	307	46.74	274.94	7.70%	+290.48% TTM	+239.39% TTM	+36.63%
Sakuma Exports Ltd.	285	1.82	26.72	1.80%	-13.44% TTM	-0.93% TTM	-34.53%
Parshva Enterprises Limited	254	249.05	950.47	3.60%	+0.24% TTM	+8.33% TTM	+32.09%
Polo Queen Industrial and Fintech Limited	253	7.54	110.89	2.50%	-2.02% TTM	-15.56% TTM	-79.87%
Sicagen India Limited	225	56.94	8.91	7.40%	+29.43% TTM	+50.03% TTM	-9.42%
Chandrima Mercantiles limited S	218	6.55	-163.75	4.30%	-69.52% TTM	-134.73% TTM	-34.63%

Filings & corporate actions

Recent announcements

Intimation of conference call to discuss the financial performance of the Company for the quarter and half year ended 30th September, 2026 on Friday, 13th November, 2026 at 11:00 AM IST.3 Nov 2026 · Company Update / Analyst / Investor Meet
Superannuation of Smt. Bhanu Kumar, Director (Commercial) of MSTC Limited with effect from the closure of business hours on 31st October 2026.2 Nov 2026 · Company Update / Change in Management
MSTC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated ....2 Nov 2026 · Board Meeting / Board Meeting
MSTC Limited has informed the Exchange about orders received from GoI regarding Additional charge of the Director (Commercial) to Chairman & Managing Director.28 Oct 2026 · Company Update / General
MSTC Limited has informed the Exchange about Reconciliation of Share Capital Audit Report for the quarter ended 30th September, 2026.13 Oct 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 202612 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Notice of Trading Window Closure25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Voting Results and Scrutinizers Report for the 61st Annual General Meeting.25 Sep 2026 · AGM/EGM / AGM
Proceedings of 61st Annual General Meeting of the Company.24 Sep 2026 · AGM/EGM / AGM
The Comptroller and Auditor General of India vide its letter No./CA.V/COY/CENTRAL GOVERNMENT, MSTC(1)/764 dated 8th September, 2026 has appointed M/s. Mookherjee Biswas & Pathak, Chartered ....10 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Copy of Newspaper Publication for Notice of 61st Annual General Meeting, E-Voting Information, Book Closure and Record Date.2 Sep 2026 · Company Update / Newspaper Publication
Business Responsibility & Sustainability Report for the FY 2025-26 is attached herewith for your information.1 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we are submitting herewith the Annual Report of the ....1 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Record Date for Final Dividend for FY 2025-26, if any, is attached herewith for your information.1 Sep 2026 · Corp. Action / Record Date
Intimation of Book Closure for the purpose of 61st AGM and payment of final dividend, if any, for the FY 2025-26 is attached herewith for your information.1 Sep 2026 · Corp. Action / Book Closure
Notice of 61st Annual General Meeting to be held on 24th September, 2026 is attached herewith for your information.1 Sep 2026 · AGM/EGM / AGM
Intimation under regulation 30 of SEBI LODR regarding amendment in Object Clause of Memorandum of Association of the Company.28 Aug 2026 · Company Update / Amendments to Memorandum & Articles of Association
Voting Results and Scrutinizer''s Report of the Postal Ballot concluded on 27th August, 2026.28 Aug 2026 · AGM/EGM / Postal Ballot
Voting Result and Scrutinizer Report of the Postal Ballot concluded on 27th August, 2026.28 Aug 2026 · AGM/EGM / Postal Ballot
Imposition of Fine by BSE and NSE for the quarter ended 30th June, 202627 Aug 2026 · Company Update / General
Copy of Newspaper Publication regarding convening of 61st AGM through VC/OAVM.20 Aug 2026 · Company Update / Newspaper Publication
Transcript of Conference Call with Investors/Analyst held on Friday, August 14th, 2026.20 Aug 2026 · Company Update / Earnings Call Transcript
Audio Recording of Concall held on 14th August, 202614 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper publication of unaudited financial results for the quarter ended 30th June, 202614 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation for Concall to be held on 14th August, 202613 Aug 2026 · Company Update / Investor Presentation
Unaudited Financial Results for quarter ended 30th June, 202613 Aug 2026 · Result / Financial Results
Pursuant to Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of MSTC ....13 Aug 2026 · Board Meeting / Outcome of Board Meeting
MSTC Limited has informed regarding change in Government Nominee Directors of the company.10 Aug 2026 · Company Update / Change in Management
Intimation on change in Govt. Nominee Director of the Company6 Aug 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby notified that MSTC Limited shall participate in a conference call ....4 Aug 2026 · Company Update / Analyst / Investor Meet
MSTC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated ....31 Jul 2026 · Board Meeting / Board Meeting
Copy of Newspaper Publication regarding Notice of Postal Ballot is attached herewith for your information.28 Jul 2026 · Company Update / Newspaper Publication
Postal Ballot Notice dated 10th July, 2026 to seek approval of shareholder for alteration in Object Clause of the Memorandum of Association of the Company is attached herewith.27 Jul 2026 · AGM/EGM / Postal Ballot
Appointment of Shri Siraiong Singpho and Shri Niwas Mandal as Non-official Independent Directors of the company with effect from 18th July, 202624 Jul 2026 · Company Update / Change in Management
Company received order from GoI for appointment of Independent Directors15 Jul 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended June 2026.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Board of Directors of MSTC Limited at its meeting held today i.e. on 10th July, 2026, inter alia considered and approved Alteration in Objects clause of the Memorandum of Association ....10 Jul 2026 · Others / Outcome without intimation
Notice for closure of Trading Window.23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Transcript of Conference Call with Investors/Analyst held on Saturday, May 30th, 2026.4 Jun 2026 · Company Update / Earnings Call Transcript
Audio recording of conference call with the Investors/ Analyst held on 30th May, 202630 May 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 8.1000	17 Sep 2026	17 Sep 2026	—
Interim Dividend - Rs. - 7.6000	18 Feb 2026	18 Feb 2026	—
Interim Dividend - Rs. - 4.5000	2 Apr 2025	2 Apr 2025	—
Interim Dividend - Rs. - 32.0000	14 Feb 2025	14 Feb 2025	—
Interim Dividend - Rs. - 4.0000	22 Nov 2024	22 Nov 2024	—
Final Dividend - Rs. - 5.0000	10 Sep 2024	—	—

Board meetings

12 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results