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Mstc Limited
NSE: MSTCLTD · Services
₹589.80-0.42%06 Nov 2026
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Instant answers about Mstc Limited — computed from its filings, no language modelMarket cap₹4,152 cr
Current price₹589.80
High / Low₹786 / ₹366
P/E—
P/B4.59
Book value₹128.4
ROE0.0%
ROCE30.1%
Debt / equity0.16
Dividend yield1.29%
EPS (TTM)₹0.00
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | 1,231 | 780 | 876 | 721 | 751 | 311 | 370 |
| EBITDA | 150 | -51 | 9 | 196 | 161 | 184 | 224 |
| Operating margin | 12.2% | -6.5% | 1.0% | 27.1% | 21.5% | 59.0% | 60.6% |
| Interest | 29 | 7 | 3 | 0 | 0 | 0 | 0 |
| Depreciation | 17 | 19 | 21 | 22 | 24 | 9 | 10 |
| Profit before tax | 169 | 137 | 233 | 332 | 347 | 514 | 297 |
| Tax | 70 | 23 | 34 | 87 | 136 | 101 | 74 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS ₹ | 13.78 | 16.05 | 28.29 | 34.37 | 29.03 | 57.82 | 31.03 |
| Operating cash flow | — | — | 168 | 886 | -312 | 260 | -28 |
| Capex | — | — | 73 | 21 | 132 | 25 | 22 |
| Dividend paid | — | — | 91 | 114 | 96 | 289 | 54 |
| Total assets | — | — | — | 2,688 | 2,249 | 2,118 | 2,011 |
| Equity | — | — | — | 786 | 889 | 738 | 904 |
Quarterly performance
last 29 quarters · ₹ crore| JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 485 | 267 | 285 | 194 | 102 | 209 | 158 | 311 | 264 | 228 | 189 | 196 | 181 | 175 | 169 | 197 | 179 | 188 | 185 | 199 | 190 | 72 | 81 | 89 | 77 | 85 | 88 | 119 | 94 |
| Operating profit | 53 | 46 | 58 | -6 | 6 | 48 | 30 | -135 | 55 | 46 | 65 | -157 | 72 | -14 | 56 | 82 | 66 | 62 | 65 | -32 | 71 | 40 | 49 | 54 | 46 | 52 | 51 | 76 | 58 |
| Operating margin | 10.9% | 17.1% | 20.2% | -3.1% | 6.0% | 23.1% | 18.7% | -43.4% | 20.9% | 20.2% | 34.3% | -80.3% | 39.7% | -8.0% | 33.1% | 41.7% | 37.1% | 33.1% | 34.9% | -16.2% | 37.4% | 56.1% | 60.1% | 61.3% | 58.9% | 60.6% | 57.6% | 63.9% | 61.3% |
| Other income | 6 | 12 | 10 | 36 | 3 | 4 | 7 | 200 | 5 | 6 | 9 | 228 | 14 | 94 | 14 | 36 | 21 | 23 | 19 | 147 | 19 | 21 | 15 | 23 | 16 | 17 | 18 | 32 | 24 |
| Interest | 9 | 8 | 7 | 5 | 3 | 2 | 2 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 6 | 5 | 5 | 7 | 6 | 7 | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 47 | 46 | 56 | 20 | 1 | 45 | 30 | 60 | 54 | 46 | 68 | 65 | 80 | 75 | 65 | 112 | 82 | 80 | 77 | 108 | 83 | 57 | 337 | 65 | 60 | 66 | 66 | 105 | 79 |
| Tax | 16 | 16 | 22 | 16 | 3 | 16 | 19 | -16 | 20 | 17 | 27 | -31 | 26 | 10 | 17 | 34 | 30 | 23 | 25 | 58 | 20 | 14 | 85 | -12 | 15 | 17 | 14 | 28 | 20 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64 | 47 | 0 | 51 | 55 | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS ₹ | 4.13 | 4.17 | 4.82 | 0.67 | -0.39 | 4.08 | 1.58 | 10.77 | 4.77 | 4.02 | 5.87 | 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 | 6.01 | 6.75 | 7.30 | 10.97 | 8.27 |
| Revenue YoY | — | — | — | — | -79.0% | -21.6% | -44.5% | 60.5% | 159.0% | 8.7% | 19.6% | -37.1% | -31.5% | -23.2% | -10.6% | 0.4% | -0.9% | 7.3% | 9.5% | 1.3% | 5.9% | -61.7% | -56.1% | -55.4% | -59.1% | 18.2% | 9.0% | 33.7% | 21.7% |
| Profit YoY | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -13.1% | 6.2% | — | -100.0% | -100.0% | -100.0% | — | — | — | — | — | — |
Earlier results (standalone, Mar '19 – Mar '19)
₹ crore · from BSE, before the NSE XBRL filings beginMstc Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Quarters
| MAR '19† | |
|---|---|
| Revenue | 734 |
| Operating profit | 4 |
| Operating margin | 0.5% |
| Other income | 9 |
| Interest | 8 |
| Depreciation | 0 |
| Profit before tax | 4 |
| Tax | -19 |
| Net profit | 24 |
| EPS ₹ | 3.35 |
Returns & margins
trailing-twelve-month, per quarter| MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | 8.1% | 14.1% | 14.1% | 20.5% | 17.1% | 17.4% | 17.5% | 11.8% | 5.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| ROCE | — | — | — | — | — | — | — | — | — | — | 31.0% | 30.6% | 35.6% | 35.8% | 32.6% | 33.8% | 33.6% | 33.7% | 29.2% | 52.5% | 61.4% | 58.8% | 54.1% | 26.4% | 28.3% | 30.1% |
| Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.6% | 15.4% | 15.4% | 22.4% | 20.9% | 20.8% | 20.8% | 13.8% | 7.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| EBITDA margin | 12.2% | 12.2% | 13.4% | 11.8% | -6.5% | -0.2% | -0.4% | 3.1% | 1.0% | 3.2% | -4.7% | -6.0% | 27.1% | 26.5% | 36.4% | 36.8% | 21.4% | 21.7% | 22.3% | 23.6% | 49.7% | 59.3% | 60.3% | 59.6% | 60.6% | 61.1% |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | 0.18 | 0.18 | 0.18 | 0.18 | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.20 | 0.20 | 0.17 | 0.17 | 0.16 | 0.16 |
| Interest coverage | 6.90 | 6.47 | 8.58 | 9.85 | 20.12 | 31.92 | 35.97 | 57.50 | 90.14 | 224.34 | 930.68 | 1676.41 | 3688.00 | — | — | — | 847.46 | 697.88 | 552.32 | 993.39 | 3015.72 | 5768.89 | — | — | — | — |
| Asset turnover | — | — | — | — | — | — | — | — | — | — | 0.33 | 0.32 | 0.27 | 0.27 | 0.31 | 0.32 | 0.33 | 0.34 | 0.28 | 0.24 | 0.20 | 0.15 | 0.17 | 0.17 | 0.18 | 0.19 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|---|
| Share capital | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 |
| Other equity / reserves | 716 | 716 | 824 | 819 | 901 | 668 | 760 | 834 |
| Total equity | 787 | 786 | 894 | 889 | 971 | 738 | 831 | 904 |
| Borrowings | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 |
| Current liabilities | 1,345 | 1,797 | 1,377 | 1,251 | 1,198 | 1,349 | 1,158 | 1,076 |
| Non-current liabilities | 85 | 105 | 97 | 109 | 107 | 31 | 25 | 31 |
| Total assets | 2,217 | 2,688 | 2,369 | 2,249 | 2,276 | 2,118 | 2,013 | 2,011 |
| Property, plant & equipment | 126 | 133 | 127 | 137 | 53 | 53 | 196 | 194 |
| Capital work-in-progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 20 | 19 | 16 | 12 | 15 | 12 | 13 | 12 |
| Inventories | 6 | 5 | 6 | 5 | 0 | 0 | 0 | 0 |
| Receivables | 476 | 463 | 459 | 519 | 311 | 310 | 310 | 227 |
| Cash & equivalents | 710 | 921 | 453 | 268 | 255 | 378 | 437 | 554 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 168 | 886 | -312 | 260 | -28 |
| Cash from investing | -70 | -593 | -244 | 165 | 257 |
| Cash from financing | -98 | -119 | -96 | -289 | -54 |
| Capex | 73 | 21 | 132 | 25 | 22 |
| Free cash flow | 96 | 865 | -444 | 236 | -50 |
| Dividends paid | 91 | 114 | 96 | 289 | 54 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹194 cr10%
Investments₹12 cr1%
Receivables₹227 cr11%
Cash & equivalents₹554 cr28%
Other assets₹1,024 cr51%
Peer comparison
largest in Services · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone Ltd. | 4,46,183 | 1,936.60 | 38.7 | 4.36 | 11.3% |
| InterGlobe Aviation Ltd. | 2,11,757 | 5,476.00 | — | 42.39 | -82.1% |
| GMR Airports Ltd. | 1,05,277 | 98.75 | 210.4 | — | — |
| JSW Infrastructure Ltd. | 78,694 | 338.30 | 54.6 | 4.37 | 8.0% |
| Container Corporation of India Ltd. | 33,496 | 439.80 | 27.5 | 2.51 | 9.1% |
| Delhivery Ltd. | 32,070 | 428.00 | 171.2 | 3.27 | 1.9% |
| Redington Ltd. | 25,602 | 327.50 | 13.8 | 2.38 | 17.2% |
| Firstsource Solutions Ltd. | 20,467 | 293.65 | 28.3 | 4.20 | 14.8% |
| Great Eastern Shipping Co. Ltd. | 20,398 | 1,428.70 | 5.4 | 1.20 | 22.1% |
| International Gemological Institute Ltd. | 17,606 | 407.40 | 34.1 | 10.05 | 29.5% |
| Mstc Limited | 4,152 | 589.80 | — | 4.59 | 0.0% |
StoxGud checklist: Neutral setup · 5/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-15.6%
6 months+29.7%
1 year+7.5%
3Y CAGR+10.5%
5Y CAGR+8.7%
10Y CAGR—
50-day avg₹678.33
200-day avg₹557.08
RSI (14)37
FAQs
What is the share price of Mstc Limited?
Mstc Limited (MSTCLTD) closed at ₹589.80 on NSE on 06 Nov 2026.
What is the market cap of Mstc Limited?
₹4,152 crore at the latest close.
How fast is Mstc Limited growing?
Mstc Limited: revenue has compounded at -20.0% a year over three years. Latest-quarter revenue is up 21.7% year on year.
How profitable is Mstc Limited?
On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 30.1%, operating margin 61.1%, net margin 0.0%.
How much debt does Mstc Limited have?
Mstc Limited is lightly geared: debt to equity is 0.16 with borrowings of ₹145 cr against cash of ₹554 cr (balance sheet of 2026-03-31).
Financials parsed from Mstc Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
Mstc Limited · advanced chart