MSTC Ltd
MSTC Ltd (MSTCLTD) last reported results for the quarter ended Jun 2026, with sales of ₹94 crore and net profit of ₹58 crore. The stock last traded at ₹719, a market capitalisation of ₹5,064 crore, on a P/E of 21.6. Over the past 52 weeks the stock has ranged between ₹362 and ₹805. Figures are as of 6 Oct 2026 and are not real time.
MSTC Ltd share price and key metrics
- Current price
- ₹719
- Market cap
- ₹5,064 cr
- Stock P/E
- 21.6
- Book value
- ₹128
- ROE
- 26.6%
- ROCE
- 30.3%
- Dividend yield
- 2.20%
- 52w high / low
- 805/362
Metrics as of 6 Oct 2026. Not real time.
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MSTC Ltd growth and returns
- 10 Years
- -19%
- 5 Years
- -14%
- 3 Years
- -20%
- TTM
- 21%
- 10 Years
- 11%
- 5 Years
- 14%
- 3 Years
- -3%
- TTM
- 8%
- 10 Years
- %
- 5 Years
- 15%
- 3 Years
- 18%
- 1 Year
- 30%
- 10 Years
- 17%
- 5 Years
- 26%
- 3 Years
- 21%
- Last Year
- 27%
MSTC Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹94 cr, up 22.1% from ₹77 cr a year earlier. Net profit was ₹58 cr, up 38.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 72 | 81 | 89 | 77 | 85 | 88 | 119 | 94 |
| Expenses | 33 | 34 | 36 | 34 | 35 | 39 | 43 | 37 |
| Operating profit | 39 | 47 | 53 | 44 | 50 | 50 | 76 | 58 |
| OPM % | 54% | 58% | 59% | 56% | 59% | 56% | 64% | 61% |
| Other income | 19 | 291 | 13 | 16 | 17 | 18 | 32 | 24 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 55 | 336 | 64 | 58 | 65 | 65 | 105 | 79 |
| Tax % | 25% | 25% | -19% | 27% | 26% | 22% | 26% | 26% |
| Net profit | 41 | 251 | 76 | 42 | 48 | 51 | 77 | 58 |
| EPS (₹) | 5.89 | 35.63 | 10.73 | 6.01 | 6.75 | 7.30 | 10.97 | 8.27 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
MSTC Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,739 | 2,265 | 3,292 | 1,231 | 780 | 876 | 721 | 316 | 311 | 370 | 386 |
| Operating profit | 136 | -313 | -206 | 148 | -51 | 9 | 193 | 82 | 178 | 220 | 233 |
| OPM % | 8% | -14% | -6% | 12% | -7% | 1.0% | 27% | 26% | 57% | 59% | 60% |
| Net profit | 139 | 77 | -307 | 97 | 113 | 199 | 242 | 165 | 407 | 218 | 234 |
| EPS (₹) | 79.06 | 21.94 | -43.62 | 13.78 | 16.05 | 28.28 | 34.37 | 23.44 | 57.82 | 31.03 | 33.29 |
TTM is the trailing twelve months to the most recent quarter.
MSTC Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 18 | 35 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 |
| Reserves | 388 | 696 | 318 | 404 | 488 | 584 | 716 | 577 | 668 | 834 |
| Borrowings | 688 | 766 | 615 | 259 | 154 | 150 | 145 | 145 | 145 | 145 |
| Other liabilities | 3,505 | 3,607 | 1,826 | 1,469 | 1,536 | 1,211 | 1,758 | 1,030 | 1,235 | 962 |
| Total liabilities | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,690 | 1,822 | 2,118 | 2,011 |
| Fixed assets | 66 | 69 | 83 | 96 | 89 | 142 | 141 | 68 | 65 | 206 |
| CWIP | 2 | 10 | 23 | 29 | 52 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 9 | 14 | 11 | 14 | 21 | 19 | 28 | 12 | 12 |
| Other assets | 4,529 | 5,015 | 2,708 | 2,065 | 2,093 | 1,853 | 2,529 | 1,725 | 2,042 | 1,792 |
| Total assets | 4,600 | 5,104 | 2,829 | 2,201 | 2,249 | 2,015 | 2,690 | 1,822 | 2,118 | 2,011 |
As reported by the company. Total assets equal total liabilities by construction.
MSTC Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -519 | 21 | 101 | 222 | 681 | 170 | 844 | -283 | 260 | -28 |
| Cash from investing | 377 | 84 | 60 | 255 | 11 | -72 | -551 | -272 | 165 | 257 |
| Cash from financing | 12 | -94 | -217 | -233 | -107 | -98 | -119 | -96 | -289 | -54 |
| Net cash flow | -130 | 11 | -56 | 245 | 585 | 0 | 175 | -651 | 136 | 176 |
| Free cash flow | -534 | -3 | 67 | 187 | 647 | 148 | 811 | -390 | 236 | -50 |
| CFO / operating profit | -342% | -22% | -73% | 173% | -1,379% | 2,309% | 469% | -270% | 185% | 7% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
MSTC Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 25% | 16% | -14% | 23% | 20% | 31% | 38% | 32% | 29% | 30% |
| Debtor days | 726 | 642 | 207 | 434 | 416 | 228 | 235 | 366 | 363 | 224 |
| Inventory days | 22 | 1 | 1 | 4 | 10 | 12 | 35 | — | — | — |
| Days payable | 761 | 598 | 134 | 388 | 722 | 356 | 903 | — | — | — |
| Cash conversion cycle | -13 | 45 | 74 | 50 | -295 | -116 | -634 | 366 | 363 | 224 |
| Working capital days | -105 | -35 | -47 | -38 | -304 | -249 | -599 | -894 | -1,154 | -789 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
MSTC Ltd shareholding pattern
Promoters held 64.75% at Jun 2026, broadly unchanged since Jun 2025. FIIs 4.91% and DIIs 1.29%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% | 64.75% |
| FIIs | 6.21% | 6.18% | 5.47% | 5.37% | 4.06% | 3.80% | 3.93% | 4.91% |
| DIIs | 1.63% | 1.68% | 1.68% | 1.34% | 1.22% | 1.22% | 1.20% | 1.29% |
| Public | 27.40% | 27.39% | 28.10% | 28.54% | 29.98% | 30.22% | 30.11% | 29.06% |
| No. of shareholders | 76,702 | 77,267 | 83,047 | 84,422 | 85,904 | 92,047 | 92,581 | 87,424 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
MSTC Ltd corporate filings
- Notice of Trading Window ClosureInsider Trading / SASTlow impact
- MSTC Limited Announces Successful Conclusion of 61st AGM and Shareholder Approval of Final DividendAGM/EGMlow impact
Cruxal's analysis: MSTC Limited has successfully concluded its 61st Annual General Meeting held on 24th…
Read the full analysis - MSTC Limited concludes 61st AGM; confirms total dividend of 15.70 INR per share for FY 2025-26AGM/EGMlow impact
Cruxal's analysis: MSTC Limited successfully held its 61st Annual General Meeting on September 24, 2026…
Read the full analysis - MSTC Limited Announces Appointment of M/s. Mookherjee Biswas & Pathak as Statutory Auditor for FY 2026-27Company Updatelow impact
Cruxal's analysis: MSTC Limited has formally notified the stock exchanges regarding the appointment of M/s…
Read the full analysis - MSTC Ltd announces 61st Annual General Meeting, E-Voting, and Book Closure detailsCompany Updatelow impact
Cruxal's analysis: MSTC Ltd has published the notice for its 61st Annual General Meeting (AGM) in…
Read the full analysis - MSTC Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: MSTC Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for…
Read the full analysis - MSTC Ltd submits Annual Report for FY 2025-26 and schedules 61st AGMOtherslow impact
Cruxal's analysis: MSTC Ltd has filed its Annual Report for the financial year 2025-26 in compliance with…
Read the full analysis - MSTC Limited Announces 61st AGM, Final Dividend of INR 8.10 per share, and Board AppointmentsAGM/EGMlow impact
Cruxal's analysis: MSTC Limited has scheduled its 61st Annual General Meeting for September 24, 2026, to be…
Read the full analysis - MSTC Ltd announces amendment to the Object Clause of its Memorandum of AssociationCompany Updatelow impact
Cruxal's analysis: MSTC Ltd has filed an intimation under Regulation 30 of SEBI (LODR) regarding an…
Read the full analysis - MSTC Limited shareholders approve alteration of Objects Clause via postal ballotAGM/EGMlow impact
Cruxal's analysis: MSTC Limited has successfully passed a special resolution through a postal ballot to…
Read the full analysis - MSTC Ltd receives regulatory fines from BSE and NSE for Q1 FY2026 complianceCompany Updatelow impact
Cruxal's analysis: MSTC Ltd has been imposed with fines by the BSE and NSE regarding non-compliance for the…
Read the full analysis - MSTC Limited schedules 61st Annual General Meeting for September 24, 2026Company Updatelow impact
Cruxal's analysis: MSTC Limited has announced that its 61st Annual General Meeting (AGM) will be held on…
Read the full analysis - MSTC Limited Reports Strong Q1 FY27 Performance with 22% YoY Revenue Growth and Strategic Pivot to Digital SolutionsCompany Updatehigh impact
Cruxal's analysis: MSTC Limited reported a robust Q1 FY27 performance, with revenue from operations reaching…
Read the full analysis - MSTC Ltd releases audio recording of investor conference call held on 14th August 2026Company Updatelow impact
Cruxal's analysis: MSTC Ltd has made available the audio recording of the analyst/investor conference call…
Read the full analysis - MSTC Limited Reports Strong Q1 FY27 Financial Results with Significant YoY Growth in ProfitabilityCompany Updatehigh impact
Cruxal's analysis: MSTC Limited has released its unaudited financial results for the quarter ended 30 June…
Read the full analysis - MSTC Limited Reports Strong Q1 FY27 Performance with 31% YoY Growth in PAT and Successful Exit from Legacy Trading BusinessCompany Updatehigh impact
Cruxal's analysis: MSTC Limited has delivered a robust performance for the quarter ended 30th June, 2026…
Read the full analysis - MSTC Limited reports strong Q1 FY27 performance with 31% YoY growth in net profitBoard Meetinghigh impact
Cruxal's analysis: MSTC Limited reported a robust performance for the quarter ended 30th June 2026, with…
Read the full analysis - MSTC Limited announces appointment of Ms. Santosh as Government Nominee DirectorCompany Updatelow impact
Cruxal's analysis: MSTC Limited has formally announced the appointment of Ms. Santosh, Statistical Adviser…
Read the full analysis - MSTC Limited announces change in Government Nominee Director on the BoardCompany Updatelow impact
Cruxal's analysis: MSTC Limited has informed the exchanges regarding the cessation of Ms. Sudershan…
Read the full analysis - MSTC Ltd schedules conference call on August 14, 2026, at 11:30 AM IST to discuss Q1 FY27 financial performance.Company Updatelow impact
Cruxal's analysis: MSTC Limited has announced its participation in a conference call on Friday, August 14…
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