MSTC Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 13, 2025, 5:55 am

Market Cap	3,795 Cr.
Current Price	539
High / Low	1,037/411
Stock P/E	19.3
Book Value	105
Dividend Yield	7.51 %
ROCE	25.6 %
ROE	24.2 %
Face Value	10.0
PEG Ratio	0.65

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for MSTC Ltd

Competitors of MSTC Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mitshi India Ltd	14.0 Cr.	15.9	22.4/13.0	1,398	3.09	0.00 %	0.36 %	0.37 %	10.0
Modella Woollens Ltd	5.03 Cr.	55.2	80.5/52.5		3.63	0.00 %	%	%	10.0
MRC Agrotech Ltd	47.2 Cr.	23.0	25.5/10.2	47.7	15.2	0.00 %	%	%	10.0
MRP Agro Ltd	133 Cr.	120	174/95.0	19.3	29.3	0.00 %	39.2 %	30.3 %	10.0
Muller and Phipps (India) Ltd	15.9 Cr.	255	726/216		33.1	0.00 %	%	%	10.0
Industry Average	10,673.80 Cr	173.38		134.39	115.72	0.23%	14.73%	7.78%	7.93

All Competitor Stocks of MSTC Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	196	181	175	169	197	179	81	185	199	69	72	81	89
Expenses	353	109	190	114	116	114	33	123	232	30	33	34	36
Operating Profit	-157	72	-15	55	81	65	48	62	-33	39	39	47	53
OPM %	-80%	40%	-8%	32%	41%	36%	60%	34%	-17%	56%	54%	58%	59%
Other Income	228	14	94	14	36	21	29	19	147	40	34	291	13
Interest	0	0	0	0	0	0	2	0	0	2	3	2	0
Depreciation	6	5	5	5	6	5	0	7	6	0	0	0	2
Profit before tax	65	81	74	64	111	81	75	75	107	76	70	336	64
Tax %	-47%	33%	14%	26%	31%	37%	26%	33%	55%	18%	20%	25%	-19%
Net Profit	96	54	64	47	77	51	55	50	48	62	56	251	76
EPS in Rs	13.63	7.71	9.04	6.68	10.93	7.19	7.86	7.10	6.88	8.79	8.01	35.63	10.73

Last Updated: May 31, 2025, 8:33 am

Below is a detailed analysis of the quarterly data for MSTC Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 89.00 Cr.. The value appears strong and on an upward trend. It has increased from 81.00 Cr. (Dec 2024) to 89.00 Cr., marking an increase of 8.00 Cr..
For Expenses, as of Mar 2025, the value is 36.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 34.00 Cr. (Dec 2024) to 36.00 Cr., marking an increase of 2.00 Cr..
For Operating Profit, as of Mar 2025, the value is 53.00 Cr.. The value appears strong and on an upward trend. It has increased from 47.00 Cr. (Dec 2024) to 53.00 Cr., marking an increase of 6.00 Cr..
For OPM %, as of Mar 2025, the value is 59.00%. The value appears strong and on an upward trend. It has increased from 58.00% (Dec 2024) to 59.00%, marking an increase of 1.00%.
For Other Income, as of Mar 2025, the value is 13.00 Cr.. The value appears to be declining and may need further review. It has decreased from 291.00 Cr. (Dec 2024) to 13.00 Cr., marking a decrease of 278.00 Cr..
For Interest, as of Mar 2025, the value is 0.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2.00 Cr. (Dec 2024) to 0.00 Cr., marking a decrease of 2.00 Cr..
For Depreciation, as of Mar 2025, the value is 2.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.00 Cr. (Dec 2024) to 2.00 Cr., marking an increase of 2.00 Cr..
For Profit before tax, as of Mar 2025, the value is 64.00 Cr.. The value appears to be declining and may need further review. It has decreased from 336.00 Cr. (Dec 2024) to 64.00 Cr., marking a decrease of 272.00 Cr..
For Tax %, as of Mar 2025, the value is -19.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Dec 2024) to -19.00%, marking a decrease of 44.00%.
For Net Profit, as of Mar 2025, the value is 76.00 Cr.. The value appears to be declining and may need further review. It has decreased from 251.00 Cr. (Dec 2024) to 76.00 Cr., marking a decrease of 175.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 10.73. The value appears to be declining and may need further review. It has decreased from 35.63 (Dec 2024) to 10.73, marking a decrease of 24.90.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 6:01 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	5,454	5,689	3,225	1,739	2,265	3,292	1,231	780	876	721	751	421
Expenses	5,276	5,525	3,386	1,603	2,578	3,498	1,083	831	867	528	597	330
Operating Profit	178	164	-161	136	-313	-206	148	-51	9	193	154	91
OPM %	3%	3%	-5%	8%	-14%	-6%	12%	-7%	1%	27%	21%	22%
Other Income	-114	90	83	137	528	48	65	214	247	158	211	511
Interest	145	93	104	78	85	65	30	8	3	0	0	7
Depreciation	15	8	12	12	12	15	17	19	21	22	24	6
Profit before tax	-95	152	-194	183	117	-237	167	136	233	329	340	589
Tax %	-35%	32%	27%	24%	34%	29%	42%	17%	15%	26%	40%
Net Profit	-62	103	-247	139	77	-307	97	113	199	242	204	418
EPS in Rs	-70.48	117.51	-280.80	79.06	21.94	-43.62	13.78	16.05	28.28	34.37	29.03	59.31
Dividend Payout %	-0%	18%	-7%	25%	34%	-17%	-0%	27%	46%	44%	53%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	266.13%	-339.81%	156.28%	-44.60%	-498.70%	131.60%	16.49%	76.11%	21.61%	-15.70%
Change in YoY Net Profit Growth (%)	0.00%	-605.93%	496.08%	-200.88%	-454.10%	630.30%	-115.10%	59.61%	-54.50%	-37.31%

MSTC Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-25%
5 Years:	-24%
3 Years:	-29%
TTM:	-59%

Compounded Profit Growth
10 Years:	7%
5 Years:	15%
3 Years:	0%
TTM:	-4%

Stock Price CAGR
10 Years:	%
5 Years:	32%
3 Years:	25%
1 Year:	-41%

Return on Equity
10 Years:	12%
5 Years:	27%
3 Years:	27%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: June 12, 2025, 3:09 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9	9	9	18	35	70	70	70	70	70	70	70
Reserves	749	829	306	388	696	318	404	488	584	716	819	668
Borrowings	873	1,106	653	688	766	615	259	154	150	145	145	145
Other Liabilities	3,811	4,082	3,194	3,505	3,607	1,826	1,469	1,536	1,211	1,758	1,216	1,235
Total Liabilities	5,441	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	2,250	2,118
Fixed Assets	68	73	62	66	69	83	96	89	142	141	150	65
CWIP	2	2	4	2	10	23	29	52	0	0	0	0
Investments	0	0	0	3	9	14	11	14	21	19	12	12
Other Assets	5,371	5,951	4,096	4,529	5,015	2,708	2,065	2,093	1,853	2,529	2,087	2,042
Total Assets	5,441	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	2,250	2,118

Below is a detailed analysis of the balance sheet data for MSTC Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 70.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 70.00 Cr..
For Reserves, as of Mar 2025, the value is 668.00 Cr.. The value appears to be declining and may need further review. It has decreased from 819.00 Cr. (Mar 2024) to 668.00 Cr., marking a decrease of 151.00 Cr..
For Borrowings, as of Mar 2025, the value is 145.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 145.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 1,235.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,216.00 Cr. (Mar 2024) to 1,235.00 Cr., marking an increase of 19.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 2,118.00 Cr.. The value appears to be improving (decreasing). It has decreased from 2,250.00 Cr. (Mar 2024) to 2,118.00 Cr., marking a decrease of 132.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 65.00 Cr.. The value appears to be declining and may need further review. It has decreased from 150.00 Cr. (Mar 2024) to 65.00 Cr., marking a decrease of 85.00 Cr..
For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Mar 2025, the value is 12.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 12.00 Cr..
For Other Assets, as of Mar 2025, the value is 2,042.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,087.00 Cr. (Mar 2024) to 2,042.00 Cr., marking a decrease of 45.00 Cr..
For Total Assets, as of Mar 2025, the value is 2,118.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,250.00 Cr. (Mar 2024) to 2,118.00 Cr., marking a decrease of 132.00 Cr..

Notably, the Reserves (668.00 Cr.) exceed the Borrowings (145.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-695.00	163.00	-814.00	-552.00	-1,079.00	-821.00	-111.00	-205.00	-141.00	48.00	9.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	257	266	292	726	642	207	434	416	228	235	252
Inventory Days	3	11	3	22	1	1	4	10	12	35	36
Days Payable	236	213	291	761	598	134	388	722	356	903	968
Cash Conversion Cycle	24	64	3	-13	45	74	50	-295	-116	-634	-679
Working Capital Days	16	24	-50	39	88	21	38	-234	-187	-525	-249
ROCE %		14%	-6%	25%	16%	-14%	23%	20%	31%	38%	35%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
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	0.34%	0.31%	0.31%	0.35%	0.47%	1.09%	3.59%	3.33%	5.64%	5.76%	6.21%	6.18%
DIIs	2.36%	2.17%	1.72%	1.54%	1.41%	1.36%	1.43%	1.35%	1.19%	1.94%	1.63%	1.68%
Public	32.56%	32.78%	33.22%	33.35%	33.37%	32.81%	30.24%	30.58%	28.41%	27.55%	27.40%	27.39%
No. of Shareholders	62,887	63,404	63,459	62,502	62,337	56,224	49,411	56,753	69,534	68,971	76,702	77,267

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Taurus Flexi Cap Fund	62,123	0.89	2.64	62,123	2025-04-22 17:25:27	0%
Motilal Oswal Nifty Microcap 250 Index Fund	27,273	0.2	1.16	27,273	2025-04-22 17:25:27	0%
Groww Nifty Total Market Index Fund	71	0.01	0	71	2025-04-22 17:25:28	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	29.03	34.37	28.29	16.05	13.78
Diluted EPS (Rs.)	29.03	34.37	28.29	16.05	13.78
Cash EPS (Rs.)	33.44	37.85	31.20	18.82	16.52
Book Value[Excl.RevalReserv]/Share (Rs.)	126.28	111.72	92.91	79.25	67.32
Book Value[Incl.RevalReserv]/Share (Rs.)	126.28	111.72	92.91	79.25	67.32
Revenue From Operations / Share (Rs.)	106.65	102.41	124.45	110.86	174.91
PBDIT / Share (Rs.)	52.78	50.25	36.37	23.09	30.51
PBIT / Share (Rs.)	49.35	47.15	33.42	20.44	28.15
PBT / Share (Rs.)	49.30	47.13	33.05	19.42	24.07
Net Profit / Share (Rs.)	30.00	34.74	28.25	16.17	14.16
NP After MI And SOA / Share (Rs.)	29.03	34.37	28.29	16.05	13.78
PBDIT Margin (%)	49.49	49.06	29.22	20.82	17.44
PBIT Margin (%)	46.27	46.03	26.85	18.43	16.09
PBT Margin (%)	46.22	46.02	26.55	17.52	13.75
Net Profit Margin (%)	28.13	33.92	22.69	14.58	8.09
NP After MI And SOA Margin (%)	27.21	33.56	22.72	14.47	7.87
Return on Networth / Equity (%)	22.98	30.76	30.44	20.24	20.47
Return on Capital Employeed (%)	34.81	37.21	30.68	21.73	34.93
Return On Assets (%)	9.08	8.99	9.89	5.02	4.40
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.01	0.01
Total Debt / Equity (X)	0.16	0.18	0.22	0.27	0.54
Asset Turnover Ratio (%)	0.30	0.30	0.41	0.21	0.36
Current Ratio (X)	1.39	1.24	1.18	1.07	1.06
Quick Ratio (X)	1.39	1.24	1.17	1.07	1.06
Dividend Payout Ratio (NP) (%)	36.16	47.13	30.05	20.56	1.28
Dividend Payout Ratio (CP) (%)	32.34	43.23	27.21	17.64	1.09
Earning Retention Ratio (%)	63.84	52.87	69.95	79.44	98.72
Cash Earning Retention Ratio (%)	67.66	56.77	72.79	82.36	98.91
Interest Coverage Ratio (X)	901.97	3870.45	97.88	22.75	7.48
Interest Coverage Ratio (Post Tax) (X)	513.71	2677.27	77.01	16.93	4.47
Enterprise Value (Cr.)	4848.00	324.59	1484.68	1495.77	581.62
EV / Net Operating Revenue (X)	6.46	0.45	1.69	1.92	0.47
EV / EBITDA (X)	13.05	0.91	5.80	9.20	2.71
MarketCap / Net Operating Revenue (X)	7.79	2.47	2.46	2.69	0.45
Retention Ratios (%)	63.83	52.86	69.94	79.43	98.71
Price / BV (X)	6.58	2.26	3.30	3.77	1.17
Price / Net Operating Revenue (X)	7.79	2.47	2.46	2.69	0.45
EarningsYield	0.03	0.13	0.09	0.05	0.17

After reviewing the key financial ratios for MSTC Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 29.03. This value is within the healthy range. It has decreased from 34.37 (Mar 23) to 29.03, marking a decrease of 5.34.
For Diluted EPS (Rs.), as of Mar 24, the value is 29.03. This value is within the healthy range. It has decreased from 34.37 (Mar 23) to 29.03, marking a decrease of 5.34.
For Cash EPS (Rs.), as of Mar 24, the value is 33.44. This value is within the healthy range. It has decreased from 37.85 (Mar 23) to 33.44, marking a decrease of 4.41.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 126.28. It has increased from 111.72 (Mar 23) to 126.28, marking an increase of 14.56.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 126.28. It has increased from 111.72 (Mar 23) to 126.28, marking an increase of 14.56.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 106.65. It has increased from 102.41 (Mar 23) to 106.65, marking an increase of 4.24.
For PBDIT / Share (Rs.), as of Mar 24, the value is 52.78. This value is within the healthy range. It has increased from 50.25 (Mar 23) to 52.78, marking an increase of 2.53.
For PBIT / Share (Rs.), as of Mar 24, the value is 49.35. This value is within the healthy range. It has increased from 47.15 (Mar 23) to 49.35, marking an increase of 2.20.
For PBT / Share (Rs.), as of Mar 24, the value is 49.30. This value is within the healthy range. It has increased from 47.13 (Mar 23) to 49.30, marking an increase of 2.17.
For Net Profit / Share (Rs.), as of Mar 24, the value is 30.00. This value is within the healthy range. It has decreased from 34.74 (Mar 23) to 30.00, marking a decrease of 4.74.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 29.03. This value is within the healthy range. It has decreased from 34.37 (Mar 23) to 29.03, marking a decrease of 5.34.
For PBDIT Margin (%), as of Mar 24, the value is 49.49. This value is within the healthy range. It has increased from 49.06 (Mar 23) to 49.49, marking an increase of 0.43.
For PBIT Margin (%), as of Mar 24, the value is 46.27. This value exceeds the healthy maximum of 20. It has increased from 46.03 (Mar 23) to 46.27, marking an increase of 0.24.
For PBT Margin (%), as of Mar 24, the value is 46.22. This value is within the healthy range. It has increased from 46.02 (Mar 23) to 46.22, marking an increase of 0.20.
For Net Profit Margin (%), as of Mar 24, the value is 28.13. This value exceeds the healthy maximum of 10. It has decreased from 33.92 (Mar 23) to 28.13, marking a decrease of 5.79.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 27.21. This value exceeds the healthy maximum of 20. It has decreased from 33.56 (Mar 23) to 27.21, marking a decrease of 6.35.
For Return on Networth / Equity (%), as of Mar 24, the value is 22.98. This value is within the healthy range. It has decreased from 30.76 (Mar 23) to 22.98, marking a decrease of 7.78.
For Return on Capital Employeed (%), as of Mar 24, the value is 34.81. This value is within the healthy range. It has decreased from 37.21 (Mar 23) to 34.81, marking a decrease of 2.40.
For Return On Assets (%), as of Mar 24, the value is 9.08. This value is within the healthy range. It has increased from 8.99 (Mar 23) to 9.08, marking an increase of 0.09.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.16. This value is within the healthy range. It has decreased from 0.18 (Mar 23) to 0.16, marking a decrease of 0.02.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.30. There is no change compared to the previous period (Mar 23) which recorded 0.30.
For Current Ratio (X), as of Mar 24, the value is 1.39. This value is below the healthy minimum of 1.5. It has increased from 1.24 (Mar 23) to 1.39, marking an increase of 0.15.
For Quick Ratio (X), as of Mar 24, the value is 1.39. This value is within the healthy range. It has increased from 1.24 (Mar 23) to 1.39, marking an increase of 0.15.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 36.16. This value is within the healthy range. It has decreased from 47.13 (Mar 23) to 36.16, marking a decrease of 10.97.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 32.34. This value is within the healthy range. It has decreased from 43.23 (Mar 23) to 32.34, marking a decrease of 10.89.
For Earning Retention Ratio (%), as of Mar 24, the value is 63.84. This value is within the healthy range. It has increased from 52.87 (Mar 23) to 63.84, marking an increase of 10.97.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 67.66. This value is within the healthy range. It has increased from 56.77 (Mar 23) to 67.66, marking an increase of 10.89.
For Interest Coverage Ratio (X), as of Mar 24, the value is 901.97. This value is within the healthy range. It has decreased from 3,870.45 (Mar 23) to 901.97, marking a decrease of 2,968.48.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 513.71. This value is within the healthy range. It has decreased from 2,677.27 (Mar 23) to 513.71, marking a decrease of 2,163.56.
For Enterprise Value (Cr.), as of Mar 24, the value is 4,848.00. It has increased from 324.59 (Mar 23) to 4,848.00, marking an increase of 4,523.41.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 6.46. This value exceeds the healthy maximum of 3. It has increased from 0.45 (Mar 23) to 6.46, marking an increase of 6.01.
For EV / EBITDA (X), as of Mar 24, the value is 13.05. This value is within the healthy range. It has increased from 0.91 (Mar 23) to 13.05, marking an increase of 12.14.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 7.79. This value exceeds the healthy maximum of 3. It has increased from 2.47 (Mar 23) to 7.79, marking an increase of 5.32.
For Retention Ratios (%), as of Mar 24, the value is 63.83. This value is within the healthy range. It has increased from 52.86 (Mar 23) to 63.83, marking an increase of 10.97.
For Price / BV (X), as of Mar 24, the value is 6.58. This value exceeds the healthy maximum of 3. It has increased from 2.26 (Mar 23) to 6.58, marking an increase of 4.32.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 7.79. This value exceeds the healthy maximum of 3. It has increased from 2.47 (Mar 23) to 7.79, marking an increase of 5.32.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.13 (Mar 23) to 0.03, marking a decrease of 0.10.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MSTC Ltd as of June 13, 2025 is: 421.79

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 13, 2025, MSTC Ltd is Overvalued by 21.75% compared to the current share price 539.00

Intrinsic Value of MSTC Ltd as of June 13, 2025 is: 547.81

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 13, 2025, MSTC Ltd is Undervalued by 1.63% compared to the current share price 539.00

Last 5 Year EPS CAGR: 29.88%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.55%, which is a positive sign. The stock has a low average Working Capital Days of -92.64, which is a positive sign. The stock has a low average Cash Conversion Cycle of -134.27, which is a positive sign. The company has higher reserves (580.42 cr) compared to borrowings (474.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (297.42 cr) and profit (143.33 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 16.55%, which is a positive sign.
The stock has a low average Working Capital Days of -92.64, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -134.27, which is a positive sign.
The company has higher reserves (580.42 cr) compared to borrowings (474.92 cr), indicating strong financial stability.
The company has shown consistent growth in sales (297.42 cr) and profit (143.33 cr) over the years.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in MSTC Ltd:
1. Net Profit Margin: 28.13%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 34.81% (Industry Average ROCE: 14.73%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 22.98% (Industry Average ROE: 7.78%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 513.71
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.39
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 19.3 (Industry average Stock P/E: 134.39)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.16
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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.

INDUSTRY	ADDRESS	CONTACT
Trading & Distributors	Plot No. CF-18/2, Street no 175, Kolkata West Bengal 700156	mstcindia@mstcindia.in https://www.mstcindia.co.in

Management
Name	Position Held
Mr. Manobendra Ghoshal	Chairman & Managing Director
Mr. Subrata Sarkar	Director - Finance & CFO
Ms. Bhanu Kumar	Director - Commercial
Dr. Vasant Ashok Patil	Independent Director
Mr. Adya Prasad Pandey	Independent Director
Mrs. Ruchika Chaudhry Govil	Government Nominee Director
Mr. Ashwini Kumar	Government Nominee Director

FAQ

What is the intrinsic value of MSTC Ltd?

MSTC Ltd's intrinsic value (as of 13 June 2025) is ₹421.79 — 21.75% lower the current market price of 539.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,795 Cr. market cap, FY2025-2026 high/low of ₹1,037/411, reserves of 668 Cr, and liabilities of 2,118 Cr.

What is the Market Cap of MSTC Ltd?

The Market Cap of MSTC Ltd is 3,795 Cr..

What is the current Stock Price of MSTC Ltd as on 13 June 2025?

The current stock price of MSTC Ltd as on 13 June 2025 is 539.

What is the High / Low of MSTC Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of MSTC Ltd stocks is ₹1,037/411.

What is the Stock P/E of MSTC Ltd?

The Stock P/E of MSTC Ltd is 19.3.

What is the Book Value of MSTC Ltd?

The Book Value of MSTC Ltd is 105.

What is the Dividend Yield of MSTC Ltd?

The Dividend Yield of MSTC Ltd is 7.51 %.

What is the ROCE of MSTC Ltd?

The ROCE of MSTC Ltd is 25.6 %.

What is the ROE of MSTC Ltd?

The ROE of MSTC Ltd is 24.2 %.

What is the Face Value of MSTC Ltd?

The Face Value of MSTC Ltd is 10.0.