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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of MSTC Ltd

About the Company - MSTC Ltd

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 belongs to the Industry of Trading. Company’s Total Operating Revenue is Rs. 470.64 Cr. and Equity Capital is Rs. 70.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & DistributorsPlot No. CF-18/2, Street no 175, Kolkata West Bengal 700156mstcindia@mstcindia.in
https://www.mstcindia.co.in
Management
NamePosition Held
Mr. Surinder Kumar GuptaChairman & Managing Director
Mr. Subrata SarkarDirector - Finance & CFO
Ms. Bhanu KumarDirector - Commercial
Dr. Vasant Ashok PatilIndependent Director
Mr. Adya Prasad PandeyIndependent Director
Mrs. Ruchika Chaudhry GovilGovernment Nominee Director
Mr. Ashwini KumarGovernment Nominee Director

Basic Stock Data of MSTC Ltd

Last Updated: June 12, 2024, 10:34 pm

Market Cap 6,139 Cr.
Current Price 872
High / Low1,165/312
Stock P/E30.0
Book Value 126
Dividend Yield1.69 %
ROCE34.7 %
ROE24.4 %
Face Value 10.0
PEG Ratio1.57

Competitors of MSTC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Catvision Ltd 11.4 Cr. 21.041.2/11.21.88 43.50.00 %29.5 %29.5 % 10.0
Shankara Building Products Ltd 1,720 Cr. 710929/60521.4 3290.41 %17.5 %11.3 % 10.0
Aviva Industries Ltd 3.59 Cr. 24.031.0/24.0 20.80.00 %0.78 %0.96 % 10.0
CHD Chemicals Ltd 7.69 Cr. 7.6110.9/3.7929.6 13.20.00 %4.20 %1.97 % 10.0
Bijoy Hans Ltd 6.90 Cr. 23.024.2/20.5 11.30.00 %3.12 %3.48 % 10.0
Industry Average349.92 Cr157.1210.5883.560.08%11.02%9.44%10.00

MSTC Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales209158311264228189196181175169197179188
Expenses162128446209182124353109190114116114128
Operating Profit4830-135554665-15772-1555816560
OPM %23%19%-43%21%20%34%-80%40%-8%32%41%36%32%
Other Income47201569228149414362123
Interest2212100000000
Depreciation5545556555655
Profit before tax453060544668658174641118178
Tax %36%63%-26%38%38%39%-47%33%14%26%31%37%29%
Net Profit29117634284196546447775155
EPS in Rs4.091.5810.774.774.025.8713.637.719.046.6810.937.197.86

Last Updated: June 1, 2024, 1:38 am

MSTC Ltd Quarterly Chart

MSTC Ltd Profit & Loss

Last Updated: June 1, 2024, 1:38 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5,4545,6893,2251,7392,2653,2921,231780876721748
Expenses5,2765,5253,3861,6032,5783,4981,083831867528480
Operating Profit178164-161136-313-206148-519193268
OPM %3%3%-5%8%-14%-6%12%-7%1%27%36%
Other Income-11490831375284865214247158100
Interest14593104788565308300
Depreciation158121212151719212224
Profit before tax-95152-194183117-237167136233329344
Tax %35%32%-27%24%34%-29%42%17%15%26%
Net Profit-62103-24713977-30797113199242233
EPS in Rs-70.48117.51-280.8079.0621.94-43.6213.7816.0528.2834.3733.08
Dividend Payout %0%18%-7%25%34%-17%0%27%46%44%

MSTC Ltd Profit & Loss Yearly Chart

MSTC Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:-20%
3 Years:-16%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:26%
3 Years:36%
TTM:-11%
Stock Price CAGR
10 Years:%
5 Years:54%
3 Years:51%
1 Year:202%
Return on Equity
10 Years:%
5 Years:12%
3 Years:30%
Last Year:34%

Last Updated: May 1, 2024, 3:56 pm

MSTC Ltd Balance Sheet

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9991835707070707070
Reserves749829306388696318404488584716824
Borrowings8731,106653688766615259154150145145
Other Liabilities3,8114,0823,1943,5053,6071,8261,4691,5361,2111,7581,329
Total Liabilities5,4416,0264,1624,6005,1042,8292,2012,2492,0152,6892,369
Fixed Assets6873626669839689142141135
CWIP224210232952000
Investments00039141114211916
Other Assets5,3715,9514,0964,5295,0152,7082,0652,0931,8532,5292,218
Total Assets5,4416,0264,1624,6005,1042,8292,2012,2492,0152,6892,369

MSTC Ltd Reserves and Borrowings Chart

MSTC Ltd Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days257266292726642207434416228235
Inventory Days311322114101235
Days Payable2362132917615981343887223561,108
Cash Conversion Cycle24643-13457450-295-116-839
Working Capital Days1624-5039882138-234-187-519
ROCE %14%-6%25%16%-14%23%20%31%38%

MSTC Ltd Financial Efficiency Indicators Chart

MSTC Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%64.75%
FIIs0.00%0.02%0.12%0.17%0.30%0.34%0.31%0.31%0.35%0.47%1.09%3.59%
DIIs6.60%5.45%3.37%2.50%2.23%2.36%2.17%1.72%1.54%1.41%1.36%1.43%
Public28.65%29.79%31.76%32.58%32.72%32.56%32.78%33.22%33.35%33.37%32.81%30.24%
No. of Shareholders21,93238,46442,34547,37561,39362,88763,40463,45962,50262,33756,22449,411

MSTC Ltd Shareholding Pattern Chart

No. of MSTC Ltd Shareholders

MSTC Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Taurus Flexi Cap Fund62,1230.892.6427,2732024-06-11127.78%
Motilal Oswal Nifty Microcap 250 Index Fund27,2730.21.1627,2732024-06-110%
Groww Nifty Total Market Index Fund710.01027,2732024-06-11-99.74%

MSTC Ltd ROCE Trend

MSTC Ltd EPS Trend

MSTC Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)29.0334.3728.2916.0513.78
Diluted EPS (Rs.)29.0334.3728.2916.0513.78
Cash EPS (Rs.)33.4437.8531.2018.8216.52
Book Value[Excl.RevalReserv]/Share (Rs.)126.28111.7292.9179.2567.32
Book Value[Incl.RevalReserv]/Share (Rs.)126.28111.7292.9179.2567.32
Revenue From Operations / Share (Rs.)106.65102.41124.45110.86174.91
PBDIT / Share (Rs.)52.7850.2536.3723.0930.51
PBIT / Share (Rs.)49.3547.1533.4220.4428.15
PBT / Share (Rs.)49.3047.1333.0519.4224.07
Net Profit / Share (Rs.)30.0034.7428.2516.1714.16
NP After MI And SOA / Share (Rs.)29.0334.3728.2916.0513.78
PBDIT Margin (%)49.4949.0629.2220.8217.44
PBIT Margin (%)46.2746.0326.8518.4316.09
PBT Margin (%)46.2246.0226.5517.5213.75
Net Profit Margin (%)28.1333.9222.6914.588.09
NP After MI And SOA Margin (%)27.2133.5622.7214.477.87
Return on Networth / Equity (%)22.9830.7630.4420.2420.47
Return on Capital Employeed (%)34.8137.2130.6821.7334.93
Return On Assets (%)9.088.999.895.024.40
Long Term Debt / Equity (X)0.000.000.000.010.01
Total Debt / Equity (X)0.160.180.220.270.54
Asset Turnover Ratio (%)0.300.300.410.210.36
Current Ratio (X)1.391.241.181.071.06
Quick Ratio (X)1.391.241.171.071.06
Dividend Payout Ratio (NP) (%)0.0047.1330.0520.561.28
Dividend Payout Ratio (CP) (%)0.0043.2327.2117.641.09
Earning Retention Ratio (%)0.0052.8769.9579.4498.72
Cash Earning Retention Ratio (%)0.0056.7772.7982.3698.91
Interest Coverage Ratio (X)901.973870.4597.8822.757.48
Interest Coverage Ratio (Post Tax) (X)513.712677.2777.0116.934.47
Enterprise Value (Cr.)4848.00324.591484.681495.77581.62
EV / Net Operating Revenue (X)6.460.451.691.920.47
EV / EBITDA (X)13.050.915.809.202.71
MarketCap / Net Operating Revenue (X)7.792.472.462.690.45
Retention Ratios (%)0.0052.8669.9479.4398.71
Price / BV (X)6.582.263.303.771.17
Price / Net Operating Revenue (X)7.792.472.462.690.45
EarningsYield0.030.130.090.050.17

MSTC Ltd Profitability Ratios (%)

MSTC Ltd Liquidity Ratios

MSTC Ltd Liquidity Ratios (%)

MSTC Ltd Interest Coverage Ratios (%)

MSTC Ltd Valuation Ratios

Fair Value

Fair Value: 937.91

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.

Undervalued: 7.56% compared to the current price 872

Intrinsic Value: 1,117.44

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 28.15% compared to the current price ₹872

Last 5 Year EPS CAGR: 19.14%

*Investments are subject to market risks

Strength and Weakness of MSTC Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -76.40, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -100.30, which is a positive sign.
  3. The company has higher reserves (572.91 cr) compared to borrowings (504.91 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (285.91 cr) and profit (103.18 cr) over the years.
  1. The stock has a low average ROCE of 14.70%, which may not be favorable.

FAQ

What is the latest fair value of MSTC Ltd?

The latest fair value of MSTC Ltd is ₹937.91.

What is the Market Cap of MSTC Ltd?

The Market Cap of MSTC Ltd is 6,139 Cr..

What is the current Stock Price of MSTC Ltd as on 13 June 2024?

The current stock price of MSTC Ltd as on 13 June 2024 is ₹872.

What is the High / Low of MSTC Ltd stocks in FY 2024?

In FY 2024, the High / Low of MSTC Ltd stocks is 1,165/312.

What is the Stock P/E of MSTC Ltd?

The Stock P/E of MSTC Ltd is 30.0.

What is the Book Value of MSTC Ltd?

The Book Value of MSTC Ltd is 126.

What is the Dividend Yield of MSTC Ltd?

The Dividend Yield of MSTC Ltd is 1.69 %.

What is the ROCE of MSTC Ltd?

The ROCE of MSTC Ltd is 34.7 %.

What is the ROE of MSTC Ltd?

The ROE of MSTC Ltd is 24.4 %.

What is the Face Value of MSTC Ltd?

The Face Value of MSTC Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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