MSTC Ltd: Intrinsic Value & Share Price Analysis

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

As of 26 April 2026, MSTC Ltd's intrinsic value is 288.41, which is 33.39% lower than the current market price of 433.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (28.4 %), book value (118), dividend yield (9.34 %), and 5-year EPS CAGR.

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

MSTC Ltd is trading at 433.00 as of 26 April 2026, with a FY2026-2027 high of 582 and low of 362. The stock is currently in the middle of its 52-week range. Market cap stands at 3,051 Cr..

Q: Is MSTC Ltd financially healthy?

Key indicators: ROCE of 29.3 % indicates efficient capital utilization. Dividend yield is 9.34 %.

Q: 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.

Fair Value

₹392.80Fairly Valued by 9.28%vs CMP ₹433.00

P/E (13.4) × ROE (28.4%) × BV (₹118.00) × DY (9.34%)

₹288.41Overvalued by 33.39%vs CMP ₹433.00

MoS: -50.1% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹399.54	22%	Fair (-7.7%)
Graham Number	Earnings	₹285.92	16%	Over (-34%)
Earnings Power	Earnings	₹282.97	11%	Over (-34.6%)
DCF	Cash Flow	₹343.17	13%	Over (-20.7%)
Net Asset Value	Assets	₹117.79	7%	Over (-72.8%)
EV/EBITDA	Enterprise	₹244.81	9%	Over (-43.5%)
Earnings Yield	Earnings	₹307.90	7%	Over (-28.9%)
ROCE Capital	Returns	₹250.57	9%	Over (-42.1%)
Revenue Multiple	Revenue	₹44.14	5%	Over (-89.8%)
Consensus (9 models)		₹288.41	100%	Overvalued

Key Drivers: Wide model spread (₹44–₹400) — 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

Analyst Summary

MSTC Ltd operates in the Trading & Distributors segment, current market price is ₹433.00, market cap is 3,051 Cr.. At a glance, stock P/E is 13.4, ROE is 28.4 %, ROCE is 29.3 %, book value is 118, dividend yield is 9.34 %. The latest intrinsic value estimate is ₹288.41, around 33.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹311 Cr versus the prior period change of -1.6%, while latest net profit is about ₹407 Cr with a prior-period change of 146.7%. The 52-week range shown on this page is 582/362, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMSTC 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 L27320WB1964…

This summary is generated from the stock page data available for MSTC Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

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 13.4 vs industry 104.6 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.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:09 pm

Market Cap	3,051 Cr.
Current Price	433
Intrinsic Value	₹288.41
High / Low	582/362
Stock P/E	13.4
Book Value	118
Dividend Yield	9.34 %
ROCE	29.3 %
ROE	28.4 %
Face Value	10.0
PEG Ratio	7.81

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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MSTC Ltd	3,051 Cr.	433	582/362	13.4	118	9.34 %	29.3 %	28.4 %	10.0
BN Holdings Ltd	2,319 Cr.	237	420/114		32.9	0.00 %	3.00 %	7.90 %	10.0
TIL Ltd	1,815 Cr.	198	402/161		10.7	0.00 %	11.1 %	0.91 %	10.0
Hardwyn India Ltd	1,254 Cr.	25.7	25.8/10.9	114	8.20	0.00 %	4.13 %	2.77 %	1.00
India Motor Parts & Accessories Ltd	1,250 Cr.	1,002	1,194/928	14.0	2,049	3.00 %	4.38 %	3.50 %	10.0
Industry Average	11,174.41 Cr	151.14		104.64	119.05	0.43%	15.22%	8.81%	7.62

All Competitor Stocks of MSTC Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	169	197	179	81	185	199	69	72	81	89	77	85	88
Expenses	114	116	114	33	123	232	30	33	34	36	34	35	39
Operating Profit	55	81	65	48	62	-33	39	39	47	53	44	50	50
OPM %	32%	41%	36%	60%	34%	-17%	56%	54%	58%	59%	56%	59%	56%
Other Income	14	36	21	29	19	147	17	19	291	13	16	17	18
Interest	0	0	0	2	0	0	0	0	0	0	0	0	0
Depreciation	5	6	5	0	7	6	2	3	2	2	2	3	3
Profit before tax	64	111	81	75	75	107	53	55	336	64	58	65	65
Tax %	26%	31%	37%	26%	33%	55%	26%	25%	25%	-19%	27%	26%	22%
Net Profit	47	77	51	55	50	48	39	41	251	76	42	48	51
EPS in Rs	6.68	10.93	7.19	7.86	7.10	6.88	5.58	5.89	35.63	10.73	6.01	6.75	7.30

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	5,454	5,689	3,225	1,739	2,265	3,292	1,231	780	876	721	316	311	340
Expenses	5,276	5,525	3,386	1,603	2,578	3,498	1,083	831	867	528	234	133	143
Operating Profit	178	164	-161	136	-313	-206	148	-51	9	193	82	178	196
OPM %	3%	3%	-5%	8%	-14%	-6%	12%	-7%	1%	27%	26%	57%	58%
Other Income	-114	90	83	137	528	48	65	214	247	158	203	340	65
Interest	145	93	104	78	85	65	30	8	3	0	0	0	0
Depreciation	15	8	12	12	12	15	17	19	21	22	7	9	10
Profit before tax	-95	152	-194	183	117	-237	167	136	233	329	278	508	251
Tax %	-35%	32%	27%	24%	34%	29%	42%	17%	15%	26%	41%	20%
Net Profit	-62	103	-247	139	77	-307	97	113	199	242	165	407	217
EPS in Rs	-70.48	117.51	-280.80	79.06	21.94	-43.62	13.78	16.05	28.28	34.37	23.44	57.82	30.79
Dividend Payout %	0%	18%	-7%	25%	34%	-17%	0%	27%	46%	44%	66%	70%

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	2024-2025
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

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	Sep 2025
Equity Capital	9	9	9	18	35	70	70	70	70	70	70	70	70
Reserves	749	829	306	388	696	318	404	488	584	716	577	668	760
Borrowings	873	1,106	653	688	766	615	259	154	150	145	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	1,030	1,235	1,038
Total Liabilities	5,441	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	1,822	2,118	2,013
Fixed Assets	68	73	62	66	69	83	96	89	142	141	68	65	207
CWIP	2	2	4	2	10	23	29	52	-0	0	-0	-0	-0
Investments	-0	-0	-0	3	9	14	11	14	21	19	28	12	13
Other Assets	5,371	5,951	4,096	4,529	5,015	2,708	2,065	2,093	1,853	2,529	1,725	2,042	1,794
Total Assets	5,441	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	1,822	2,118	2,013

Reserves and Borrowings Chart

Cash Flow - 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	Mar 2025
Free Cash Flow	-695.00	163.00	-814.00	-552.00	-1,079.00	-821.00	-111.00	-205.00	-141.00	48.00	-63.00	33.00

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	Mar 2025
Debtor Days	257	266	292	726	642	207	434	416	228	235	366	363
Inventory Days	3	11	3	22	1	1	4	10	12	35
Days Payable	236	213	291	761	598	134	388	722	356	903
Cash Conversion Cycle	24	64	3	-13	45	74	50	-295	-116	-634	366	363
Working Capital Days	16	24	-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

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	62,337	56,224	49,411	56,753	69,534	68,971	76,702	77,267	83,047	84,422	85,904	92,047

Shareholding Pattern Chart

No. of Shareholders

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

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 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	57.82	29.03	34.37	28.29	16.05
Diluted EPS (Rs.)	57.82	29.03	34.37	28.29	16.05
Cash EPS (Rs.)	59.96	33.44	37.85	31.20	18.82
Book Value[Excl.RevalReserv]/Share (Rs.)	104.89	126.28	111.72	92.91	79.25
Book Value[Incl.RevalReserv]/Share (Rs.)	104.89	126.28	111.72	92.91	79.25
Revenue From Operations / Share (Rs.)	44.17	106.65	102.41	124.45	110.86
PBDIT / Share (Rs.)	36.94	52.78	50.25	36.37	23.09
PBIT / Share (Rs.)	35.65	49.35	47.15	33.42	20.44
PBT / Share (Rs.)	73.01	49.30	47.13	33.05	19.42
Net Profit / Share (Rs.)	58.67	30.00	34.74	28.25	16.17
NP After MI And SOA / Share (Rs.)	57.82	29.03	34.37	28.29	16.05
PBDIT Margin (%)	83.62	49.49	49.06	29.22	20.82
PBIT Margin (%)	80.70	46.27	46.03	26.85	18.43
PBT Margin (%)	165.28	46.22	46.02	26.55	17.52
Net Profit Margin (%)	132.82	28.13	33.92	22.69	14.58
NP After MI And SOA Margin (%)	130.90	27.21	33.56	22.72	14.47
Return on Networth / Equity (%)	55.12	22.98	30.76	30.44	20.24
Return on Capital Employeed (%)	32.62	34.81	37.21	30.68	21.73
Return On Assets (%)	19.21	9.08	8.99	9.89	5.02
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.01
Total Debt / Equity (X)	0.19	0.16	0.18	0.22	0.27
Asset Turnover Ratio (%)	0.14	0.30	0.30	0.41	0.21
Current Ratio (X)	1.28	1.39	1.24	1.18	1.07
Quick Ratio (X)	1.28	1.39	1.24	1.17	1.07
Inventory Turnover Ratio (X)	115.67	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	70.04	36.16	47.13	30.05	20.56
Dividend Payout Ratio (CP) (%)	68.51	32.34	43.23	27.21	17.64
Earning Retention Ratio (%)	29.96	63.84	52.87	69.95	79.44
Cash Earning Retention Ratio (%)	31.49	67.66	56.77	72.79	82.36
Interest Coverage Ratio (X)	1444.68	901.97	3870.45	97.88	22.75
Interest Coverage Ratio (Post Tax) (X)	833.51	513.71	2677.27	77.01	16.93
Enterprise Value (Cr.)	2383.72	4848.00	324.59	1484.68	1495.77
EV / Net Operating Revenue (X)	7.67	6.46	0.45	1.69	1.92
EV / EBITDA (X)	9.17	13.05	0.91	5.80	9.20
MarketCap / Net Operating Revenue (X)	11.57	7.79	2.47	2.46	2.69
Retention Ratios (%)	29.95	63.83	52.86	69.94	79.43
Price / BV (X)	4.87	6.58	2.26	3.30	3.77
Price / Net Operating Revenue (X)	11.57	7.79	2.47	2.46	2.69
EarningsYield	0.11	0.03	0.13	0.09	0.05

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.

INDUSTRY	ADDRESS	CONTACT
Trading & Distributors	Plot No. CF-18/2, Street no 175, Kolkata West Bengal 700156	Contact not found

Management
Name	Position Held
Mr. Manobendra Ghoshal	Chairman & Managing Director
Mr. Subrata Sarkar	Director - Finance & CFO
Mrs. Bhanu Kumar	Director - Commercial
Mr. Ramesh Kumar Soni	Independent Director
Mrs. Alka Chandrakar	Independent Director
Mr. Chandra Shekhar Baghel	Independent Director
Mrs. Sudershan Mendirnatta	Government Nominee Director

FAQ

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

As of 26 April 2026, MSTC Ltd's intrinsic value is ₹288.41, which is 33.39% lower than the current market price of ₹433.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (28.4 %), book value (₹118), dividend yield (9.34 %), and 5-year EPS CAGR.

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

MSTC Ltd is trading at ₹433.00 as of 26 April 2026, with a FY2026-2027 high of ₹582 and low of ₹362. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,051 Cr..

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

MSTC Ltd has a P/E ratio of 13.4, which is below the industry average of 104.64. 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 9.34 %.

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 9.34 % at the current price of ₹433.00. This is a relatively attractive yield for income-seeking investors.