Operates as a government-owned trading house historically dealing in precious metals, metals, minerals, coal and hydrocarbon, agro products, and fertilizers. In FY26, revenue from operations was Rs 3.41 crore against total income of Rs 180.58 crore, with the gap between the two figures coming from non-operating sources. The segment split for the year-to-date period shows 'Others' at 77.1% of period segment revenue (Rs 2.63 crore), Precious Metals at 21.4% (Rs 0.73 crore), Fertilizers at 1.5% (Rs 0.05 crore), and Metals, Minerals, Coal & Hydrocarbon, and Agro Products at 0% each. Standalone profit after tax of Rs 212.07 crore in FY26 (up from Rs 69.53 crore in FY25) was driven by exceptional items including Rs 411.76 crore from the NINL divestment and Rs 13.21 crore from confiscated gold jewellery, rather than trading income. The government has directed the company to prepare a roadmap for scaling down manpower and exiting business operations, and auditors flagged a material uncertainty regarding going concern. Employee costs were 2,292.7% of revenue, reflecting the imbalance between fixed overheads and the current trading activity. Operating cash flow was negative Rs 605.27 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Others (77%), Precious Metals (21%), Fertilizers (2%), Metals (0%), Minerals (0%), Coal & Hydrocarbon (0%), Agro Products (0%). Government-owned trading entity in managed wind-down, with negligible current trading volumes and profits driven by one-off divestments
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 11,796 | 3,528 | 5 | 3 | 3 |
| EBITDA (ex other income) | 286 | 1,309 | (118) | (153) | 292 |
| margin % | 2.4 | 37.1 | (2208.2) | (5687.4) | 8564.5 |
| Owners' profit | 0 | 1,562 | 192 | 87 | 387 |
| EPS, as reported (₹) | (1.75) | 10.42 | 1.28 | 0.58 | 387.38 |
| ROE % · ROCE % | 177.2 · (280.0) | 110.7 · 95.6 | 11.8 · 4.6 | 5.1 · 5.9 | 18.3 · 21.6 |
| Debt / equity (x) | (17.70) | 0.14 | 0.09 | 0.00 | 0.00 |
| Cash from operations | (0) | 754 | (353) | (363) | (605) |
| Capex | (1) | 0 | (0) | (0) | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
| Profit before tax | 39 | 3 | 13 | 46 | 392 | 10 | 16 | 125 |
| Net profit | 48 | 4 | 2 | 44 | 171 | 46 | 126 | 104 |
| EPS (₹) | 0.32 | 0.02 | 0.01 | 0.30 | 1.14 | 0.31 | 0.84 | 0.69 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a) Precious Metals | 1 | 21.4 |
| f) Fertilizer | 0 | 1.5 |
| g) Others | 3 | 77.1 |
| Total, before eliminations | 3 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED ◆ | 9,347 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · MMTC reports 458 physical share re-lodgment requests in August 2026 | compliance | minimal | — | — |
| 31 Aug 2026 · MMTC reports non-compliance with SEBI board composition rules | regulatory legal | high | — | — |
| 24 Aug 2026 · MMTC 63rd AGM Notice Published in Business Standard | compliance | minimal | — | — |
| 24 Aug 2026 · MMTC 63rd AGM notice on September 17, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Clarification on volume spurt — no undisclosed event | compliance | minimal | — | — |
| 20 Aug 2026 · NSE flags unusual trading volume in MMTC; company response awaited | compliance | minimal | — | — |
| 13 Aug 2026 · MMTC publishes Q1 FY27 unaudited results in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · MMTC: Audit qualification on Anglo Coal case; Q1 profit drops sharply after adjustment | regulatory legal | high | — | — |
| 11 Aug 2026 · Q1 FY27 Results: PAT jumps to Rs 93.73 cr, auditor flags Anglo Coal qualification | results | high | — | — |
| 11 Aug 2026 · MMTC reports nil re-lodgement requests for physical shares in July 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 20.9 |
| 4.41 |
| 19.9 |
| 18.3 |
| 21.6 |
| (83.7) |
| 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| CREATIVE NEWTECH LIMITED | 1,682 | 25.8 | 4.34 | 19.2 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 810 | 8.9 | 0.63 | 203.9 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.9 | 14.7 | 98 of 161 | 39% |
| P/B | 4.4 | 1.1 | 120 of 145 | 17% |
| ROCE | 21.6 | 2.0 | 14 of 184 | 93% |
| ROE | 18.3 | 2.3 | 17 of 174 | 91% |
| Debt / Equity | 0.0 | 0.0 | 15 of 175 | 64% |
| EBITDA margin | 18426.5 | 4.5 | 1 of 137 | 100% |
| Revenue growth | (50.0) | (8.6) | 94 of 135 | 31% |
| Profit growth | 135.5 | 0.6 | 35 of 157 | 78% |
| Market cap | 9347 | 25 | 2 of 174 | 99% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
