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Last Updated: April 2, 2026, 3:16 am
Author: Getaka|Social: XLinkedIn

MSTC Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹355.17Fairly Valued by 8.46%vs CMP ₹388.00

P/E (12.0) × ROE (28.4%) × BV (₹118.00) × DY (10.40%)

₹279.87Overvalued by 27.87%vs CMP ₹388.00
MoS: -38.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹361.2722%Fair (-6.9%)
Graham NumberEarnings₹285.9216%Over (-26.3%)
Earnings PowerEarnings₹282.9711%Over (-27.1%)
DCFCash Flow₹343.1613%Over (-11.6%)
Net Asset ValueAssets₹117.797%Over (-69.6%)
EV/EBITDAEnterprise₹244.819%Over (-36.9%)
Earnings YieldEarnings₹307.907%Over (-20.6%)
ROCE CapitalReturns₹250.569%Over (-35.4%)
Revenue MultipleRevenue₹44.145%Over (-88.6%)
Consensus (9 models)₹279.87100%Overvalued
Key Drivers: Wide model spread (₹44–₹361) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.7%

*Investments are subject to market risks

Investment Snapshot

65
MSTC Ltd scores 65/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 29.3% ExcellentROE 28.4% ExcellentD/E 0.27 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.67% (6mo) SellingPromoter holding at 64.8% Stable
Earnings Quality75/100 · Strong
OPM expanding (14% → 42%) ImprovingWorking capital: -1,154 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -19% YoY DecliningProfit (4Q): -43% YoY Declining
Industry Rank80/100 · Strong
P/E 12.0 vs industry 102.1 Cheaper than peersROCE 29.3% vs industry 15.2% Above peersROE 28.4% vs industry 8.8% Above peers3Y sales CAGR: -29% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

MSTC Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 12.0 vs Ind 102.1 | ROCE 29.3% | ROE 28.4% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.27x | IntCov 0.0x | Current 1.07x | Borrow/Reserve 0.19x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹407 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.26 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-1
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +3.5% | Q NP +6.3% | Q OPM -3.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-27.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.19xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.26 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+6,143Latest shareholder count minus previous count
Quarterly Sales Change+3.5%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+6.3%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-3.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:16 am

Market Cap 2,734 Cr.
Current Price 388
Intrinsic Value₹279.87
High / Low 582/362
Stock P/E12.0
Book Value 118
Dividend Yield10.4 %
ROCE29.3 %
ROE28.4 %
Face Value 10.0
PEG Ratio7.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for MSTC Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
MSTC Ltd 2,734 Cr. 388 582/36212.0 11810.4 %29.3 %28.4 % 10.0
BN Holdings Ltd 2,104 Cr. 215 420/104 32.90.00 %3.00 %7.90 % 10.0
TIL Ltd 1,458 Cr. 177 402/161 10.70.00 %11.1 %0.91 % 10.0
India Motor Parts & Accessories Ltd 1,217 Cr. 976 1,194/91013.6 2,0493.08 %4.38 %3.50 % 10.0
Euro Asia Exports Ltd 1,094 Cr. 798 984/54.3507 11.10.00 %82.7 %87.0 % 10.0
Industry Average10,858.54 Cr140.30102.09119.050.48%15.22%8.81%7.62

All Competitor Stocks of MSTC Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1691971798118519969728189778588
Expenses 1141161143312323230333436343539
Operating Profit 5581654862-3339394753445050
OPM % 32%41%36%60%34%-17%56%54%58%59%56%59%56%
Other Income 1436212919147171929113161718
Interest 0002000000000
Depreciation 5650762322233
Profit before tax 64111817575107535533664586565
Tax % 26%31%37%26%33%55%26%25%25%-19%27%26%22%
Net Profit 477751555048394125176424851
EPS in Rs 6.6810.937.197.867.106.885.585.8935.6310.736.016.757.30

Last Updated: March 4, 2026, 12:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5,4545,6893,2251,7392,2653,2921,231780876721316311340
Expenses 5,2765,5253,3861,6032,5783,4981,083831867528234133143
Operating Profit 178164-161136-313-206148-51919382178196
OPM % 3%3%-5%8%-14%-6%12%-7%1%27%26%57%58%
Other Income -1149083137528486521424715820334065
Interest 1459310478856530830000
Depreciation 15812121215171921227910
Profit before tax -95152-194183117-237167136233329278508251
Tax % -35%32%27%24%34%29%42%17%15%26%41%20%
Net Profit -62103-24713977-30797113199242165407217
EPS in Rs -70.48117.51-280.8079.0621.94-43.6213.7816.0528.2834.3723.4457.8230.79
Dividend Payout % 0%18%-7%25%34%-17%0%27%46%44%66%70%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)266.13%-339.81%156.28%-44.60%-498.70%131.60%16.49%76.11%21.61%-31.82%146.67%
Change in YoY Net Profit Growth (%)0.00%-605.93%496.08%-200.88%-454.10%630.30%-115.10%59.61%-54.50%-53.43%178.48%

MSTC Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-25%
5 Years:-24%
3 Years:-29%
TTM:-40%
Compounded Profit Growth
10 Years:7%
5 Years:15%
3 Years:0%
TTM:18%
Stock Price CAGR
10 Years:%
5 Years:27%
3 Years:21%
1 Year:-35%
Return on Equity
10 Years:12%
5 Years:27%
3 Years:27%
Last Year:24%

Last Updated: September 5, 2025, 10:00 am

Balance Sheet

Last Updated: February 1, 2026, 1:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 99918357070707070707070
Reserves 749829306388696318404488584716577668760
Borrowings 8731,106653688766615259154150145145145145
Other Liabilities 3,8114,0823,1943,5053,6071,8261,4691,5361,2111,7581,0301,2351,038
Total Liabilities 5,4416,0264,1624,6005,1042,8292,2012,2492,0152,6901,8222,1182,013
Fixed Assets 68736266698396891421416865207
CWIP 224210232952-00-0-0-0
Investments -0-0-0391411142119281213
Other Assets 5,3715,9514,0964,5295,0152,7082,0652,0931,8532,5291,7252,0421,794
Total Assets 5,4416,0264,1624,6005,1042,8292,2012,2492,0152,6901,8222,1182,013

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-695.00163.00-814.00-552.00-1,079.00-821.00-111.00-205.00-141.0048.00-63.0033.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 257266292726642207434416228235366363
Inventory Days 311322114101235
Days Payable 236213291761598134388722356903
Cash Conversion Cycle 24643-13457450-295-116-634366363
Working Capital Days 1624-50-105-35-47-38-304-249-599-894-1,154
ROCE %14%-6%25%16%-14%23%20%31%38%32%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%
FIIs 0.47%1.09%3.59%3.33%5.64%5.76%6.21%6.18%5.47%5.37%4.06%3.80%
DIIs 1.41%1.36%1.43%1.35%1.19%1.94%1.63%1.68%1.68%1.34%1.22%1.22%
Public 33.37%32.81%30.24%30.58%28.41%27.55%27.40%27.39%28.10%28.54%29.98%30.22%
No. of Shareholders 62,33756,22449,41156,75369,53468,97176,70277,26783,04784,42285,90492,047

Shareholding Pattern Chart

No. of Shareholders

MSTC Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Taurus Flexi Cap Fund 62,123 0.89 2.6462,1232025-04-22 17:25:270%
Motilal Oswal Nifty Microcap 250 Index Fund 27,273 0.2 1.1627,2732025-04-22 17:25:270%
Groww Nifty Total Market Index Fund 71 0.01 0712025-04-22 17:25:280%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 57.8229.0334.3728.2916.05
Diluted EPS (Rs.) 57.8229.0334.3728.2916.05
Cash EPS (Rs.) 59.9633.4437.8531.2018.82
Book Value[Excl.RevalReserv]/Share (Rs.) 104.89126.28111.7292.9179.25
Book Value[Incl.RevalReserv]/Share (Rs.) 104.89126.28111.7292.9179.25
Revenue From Operations / Share (Rs.) 44.17106.65102.41124.45110.86
PBDIT / Share (Rs.) 36.9452.7850.2536.3723.09
PBIT / Share (Rs.) 35.6549.3547.1533.4220.44
PBT / Share (Rs.) 73.0149.3047.1333.0519.42
Net Profit / Share (Rs.) 58.6730.0034.7428.2516.17
NP After MI And SOA / Share (Rs.) 57.8229.0334.3728.2916.05
PBDIT Margin (%) 83.6249.4949.0629.2220.82
PBIT Margin (%) 80.7046.2746.0326.8518.43
PBT Margin (%) 165.2846.2246.0226.5517.52
Net Profit Margin (%) 132.8228.1333.9222.6914.58
NP After MI And SOA Margin (%) 130.9027.2133.5622.7214.47
Return on Networth / Equity (%) 55.1222.9830.7630.4420.24
Return on Capital Employeed (%) 32.6234.8137.2130.6821.73
Return On Assets (%) 19.219.088.999.895.02
Long Term Debt / Equity (X) 0.000.000.000.000.01
Total Debt / Equity (X) 0.190.160.180.220.27
Asset Turnover Ratio (%) 0.140.300.300.410.21
Current Ratio (X) 1.281.391.241.181.07
Quick Ratio (X) 1.281.391.241.171.07
Inventory Turnover Ratio (X) 115.670.000.000.000.00
Dividend Payout Ratio (NP) (%) 70.0436.1647.1330.0520.56
Dividend Payout Ratio (CP) (%) 68.5132.3443.2327.2117.64
Earning Retention Ratio (%) 29.9663.8452.8769.9579.44
Cash Earning Retention Ratio (%) 31.4967.6656.7772.7982.36
Interest Coverage Ratio (X) 1444.68901.973870.4597.8822.75
Interest Coverage Ratio (Post Tax) (X) 833.51513.712677.2777.0116.93
Enterprise Value (Cr.) 2383.724848.00324.591484.681495.77
EV / Net Operating Revenue (X) 7.676.460.451.691.92
EV / EBITDA (X) 9.1713.050.915.809.20
MarketCap / Net Operating Revenue (X) 11.577.792.472.462.69
Retention Ratios (%) 29.9563.8352.8669.9479.43
Price / BV (X) 4.876.582.263.303.77
Price / Net Operating Revenue (X) 11.577.792.472.462.69
EarningsYield 0.110.030.130.090.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

MSTC Ltd. is a Public Limited Listed company incorporated on 09/09/1964 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L27320WB1964GOI026211 and registration number is 026211. Currently Company is involved in the business activities of Wholesale on a fee or contract basis. Company's Total Operating Revenue is Rs. 310.96 Cr. and Equity Capital is Rs. 70.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Trading & DistributorsPlot No. CF-18/2, Street no 175, Kolkata West Bengal 700156Contact not found
Management
NamePosition Held
Mr. Manobendra GhoshalChairman & Managing Director
Mr. Subrata SarkarDirector - Finance & CFO
Mrs. Bhanu KumarDirector - Commercial
Mr. Ramesh Kumar SoniIndependent Director
Mrs. Alka ChandrakarIndependent Director
Mr. Chandra Shekhar BaghelIndependent Director
Mrs. Sudershan MendirnattaGovernment Nominee Director

FAQ

What is the intrinsic value of MSTC Ltd and is it undervalued?

As of 05 April 2026, MSTC Ltd's intrinsic value is ₹279.87, which is 27.87% lower than the current market price of ₹388.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (28.4 %), book value (₹118), dividend yield (10.4 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of MSTC Ltd?

MSTC Ltd is trading at ₹388.00 as of 05 April 2026, with a FY2026-2027 high of ₹582 and low of ₹362. The stock is currently near its 52-week low. Market cap stands at ₹2,734 Cr..

How does MSTC Ltd's P/E ratio compare to its industry?

MSTC Ltd has a P/E ratio of 12.0, which is below the industry average of 102.09. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is MSTC Ltd financially healthy?

Key indicators for MSTC Ltd: ROCE of 29.3 % indicates efficient capital utilization; ROE of 28.4 % shows strong shareholder returns. Dividend yield is 10.4 %.

Is MSTC Ltd profitable and how is the profit trend?

MSTC Ltd reported a net profit of ₹407 Cr in Mar 2025 on revenue of ₹311 Cr. Compared to ₹199 Cr in Mar 2022, the net profit shows an improving trend.

Does MSTC Ltd pay dividends?

MSTC Ltd has a dividend yield of 10.4 % at the current price of ₹388.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in MSTC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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