Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · MSTC LIMITED · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
MSTC LIMITED
NSE: MSTCLTD · BSE: 542597
NSE: MSTCLTD · BSE: 542597
Services › Services › Commercial Services & Supplies › Trading & Distributors
MSTC LIMITED
StateQ1 FY27 filed
Last close · 28 Oct 2026₹553.40
Market cap₹3.9k cr
TTM P/E · P/B · EV/EBITDA16.6 · 4.31 · 10.7
MSTC LIMITED is a Commercial Services & Supplies company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 876 | 721 | 751 | 311 | 370 |
| EBITDA (ex other income) | 9 | 196 | 161 | 447 | 224 |
| margin % | 1.0 | 27.1 | 21.5 | 143.6 | 60.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 28.29 | 34.37 | 29.03 | 57.82 | 31.03 |
| ROE % · ROCE % | 30.4 · 30.7 | 30.8 · 37.2 | 23.0 · 34.8 | 55.1 · 66.8 | 24.2 · 31.8 |
| Debt / equity (x) | 0.23 | 0.18 | 0.16 | 0.20 | 0.16 |
| Cash from operations | 168 | 886 | (312) | 260 | (28) |
| Capex | (73) | (21) | (132) | (25) | (22) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MSTC LIMITED · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 72 | 81 | 89 | 77 | 85 | 88 | 119 | 94 |
| Profit before tax | 57 | 337 | 65 | 60 | 66 | 66 | 105 | 79 |
| Net profit | 56 | 251 | 76 | 42 | 47 | 51 | 77 | 58 |
| EPS (₹) | 8.01 | 35.63 | 10.73 | 6.01 | 6.75 | 7.30 | 10.97 | 8.27 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Marketing | 25 | 5.6 |
| E-commerce | 323 | 71.3 |
| Others (unallocable) | 15 | 3.3 |
| Others (unallocated) | 0 | 0.0 |
| Others | 0 | 0.0 |
| E-Commerce | 90 | 19.8 |
| Others(Unallocated) | 0 | 0.0 |
| Total, before eliminations | 453 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED ◆ | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.6 | 13.9 | 71 of 130 | 46% |
| P/B | 4.3 | 0.9 | 128 of 150 | 15% |
| ROCE | 31.8 | 2.1 | 6 of 177 | 97% |
| ROE | 24.2 | 2.3 | 5 of 158 | 98% |
| Debt / Equity | 0.2 | 0.1 | 94 of 154 | 39% |
| EBITDA margin | 86.5 | 4.5 | 5 of 137 | 97% |
| Revenue growth | 21.7 | (8.6) | 41 of 135 | 70% |
| Profit growth | 37.5 | 0.6 | 66 of 157 | 58% |
| Market cap | 3896 | 21 | 3 of 179 | 99% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MSTC LIMITED · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · CMD assigned temporary additional charge as Director Commercial | management changes | medium | — | — |
| 13 Oct 2026 · MSTC files quarterly share capital reconciliation report for Sep 2026 | compliance | minimal | — | — |
| 12 Oct 2026 · MSTC files dematerialization compliance certificate for Q2 FY26 | compliance | minimal | — | — |
| 25 Sept 2026 · MSTC trading window closes Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 25 Sept 2026 · MSTC AGM 2026: All 7 Resolutions Passed; Final Dividend Rs 8.10/Share | board shareholder meetings | medium | — | — |
| 24 Sept 2026 · MSTC 61st AGM held on Sep 24, 2026; final dividend Rs 8.10 per share declared | board shareholder meetings | low | — | — |
| 10 Sept 2026 · CAG appoints statutory auditor for FY 2026-27 | management changes | medium | — | — |
| 2 Sept 2026 · MSTC 61st AGM on Sep 24 via video conferencing; Rs 8.10 final dividend | compliance | minimal | — | — |
| 1 Sept 2026 · MSTC files Business Responsibility and Sustainability Report for FY 2025-26 | general | low | — | — |
| 1 Sept 2026 · MSTC files FY26 Annual Report and 61st AGM Notice | investor communications | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in