Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹693, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 123% over the past three years. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (59% net profit margin). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹513, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 83% over the past three years. Ankündigung • Jun 01
MSTC Limited, Annual General Meeting, Sep 24, 2026 MSTC Limited, Annual General Meeting, Sep 24, 2026. New Risk • May 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 48% Last year net profit margin: 131% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (48% net profit margin). Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹31.03 (vs ₹57.82 in FY 2025) Full year 2026 results: EPS: ₹31.03 (down from ₹57.82 in FY 2025). Revenue: ₹4.53b (up 46% from FY 2025). Net income: ₹2.18b (down 46% from FY 2025). Profit margin: 48% (down from 131% in FY 2025). Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Ankündigung • May 29
MSTC Limited Recommends Final Dividend for the Financial Year 2025-2026 MSTC Limited at its board meeting held on 29 May 2026, subject to the approval of the shareholders at the upcoming Annual General Meeting of the Company to be held on 24 September 2026, recommended final dividend of INR 8.10 per equity share, (i.e. 81 % on the paid-up equity share capital) for the Financial Year 2025-2026. The final dividend would be paid within 30 days from the date of its declaration at the 61st AGM of the Company. The final dividend is in addition to the Interim Dividend paid for the financial year 2025-2026. The record date for payment of final dividend shall be intimated in due course. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹7.30 (vs ₹35.63 in 3Q 2025) Third quarter 2026 results: EPS: ₹7.30 (down from ₹35.63 in 3Q 2025). Revenue: ₹884.3m (up 9.0% from 3Q 2025). Net income: ₹513.7m (down 80% from 3Q 2025). Profit margin: 58% (down from 309% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. New Risk • Feb 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 153% Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (153% cash payout ratio). Large one-off items impacting financial results. Declared Dividend • Feb 13
First half dividend of ₹7.60 announced Shareholders will receive a dividend of ₹7.60. Ex-date: 18th February 2026 Payment date: 13th March 2026 Dividend yield will be 2.5%, which is higher than the industry average of 0.1%. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: ₹6.75 (vs ₹5.89 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.75 (up from ₹5.89 in 2Q 2025). Revenue: ₹850.1m (up 18% from 2Q 2025). Net income: ₹475.0m (up 15% from 2Q 2025). Profit margin: 56% (down from 58% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. Buy Or Sell Opportunity • Aug 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ₹446. The fair value is estimated to be ₹558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 18%. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹6.01 (vs ₹8.79 in 1Q 2025) First quarter 2026 results: EPS: ₹6.01 (down from ₹8.79 in 1Q 2025). Revenue: ₹936.6m (down 51% from 1Q 2025). Net income: ₹423.4m (down 32% from 1Q 2025). Profit margin: 45% (up from 33% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Ankündigung • Aug 02
MSTC Limited to Report Q1, 2026 Results on Aug 13, 2025 MSTC Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Board Change • Jun 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Alka Chandrakar was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • May 30
MSTC Limited, Annual General Meeting, Sep 24, 2025 MSTC Limited, Annual General Meeting, Sep 24, 2025. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹57.82 (vs ₹29.03 in FY 2024) Full year 2025 results: EPS: ₹57.82 (up from ₹29.03 in FY 2024). Revenue: ₹3.88b (down 48% from FY 2024). Net income: ₹4.07b (up 99% from FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 29
MSTC Limited Decides Not to Declare Final Dividend for the Financial Year 2024-25 MSTC Limited has decided not to declare final dividend for the Financial Year 2024-25. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹574, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 118% over the past three years. Ankündigung • Apr 17
MSTC Limited Appoints Shri Ramesh Kumar Soni as Non-Official Independent Directors on the Board MSTC Limited informed that BLA cell of Ministry of Steel vide its Order No. 1/1 /2025-BLA dated 15/04/2025 has appointed Shri Ramesh Kumar Soni as Non-Official Independent Directors on the Board for a period of one year from the date of notification of his appointment, or till further orders whichever is earlier. Shri Ramesh Kumar Soni is not related to any director or Key Managerial Personnel of the company and also is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority. Brief profile: Shri Ramesh Kumar Soni, is a fell ow member of the Institute of Chartered Accountants of India. Born in 1962, he did his graduation from Ravishankar University, Raipur (Chhattisgarh). He is a practicing Chartered Accountant in Jagdalpur District-Bastar (Chhattisgarh). He has been consultant and Statutory Auditor for various Private Limited Companies, Bank Branches, Industrial Units, Health Sector Units and Non-profit making organizations ever since the beginning of his professional career. He has been associated with various MSME Business Units and has helped them in establishing & improving their business. He possesses professional expertise in wide areas such as Statutory Audits, Concurrent Audits, Stock Audits, Financial Management, Direct Taxes, Investment Consultancy. He has given lectures in District Industrial Centre, Chamber of Commerce, Schools, and various non-profit making organizations in the field of his professional expertise. He has also given lectures on Career Guidance, Education and Professional Opportunities in the field of Commerce at various Seminars organized by Schools and Non-profit making organizations. Ankündigung • Mar 26
Mstc Limited Declares Third Interim Dividend for the Financial Year 2024-25 MSTC Limited at its meeting held i.e. on 26th March, 2025 inter alia declared 3rd Interim Dividend @ 45% i.e. INR 4.50 per equity share of face value of INR 10/- each for the financial year 2024-25. The interim dividend shall be paid within 30 days from the date of its declaration. As per Regulation 42 of the listing regulations the Board has also fixed ind April, 2025 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of such Interim Dividend. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹515, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 103% over the past three years. Ankündigung • Feb 21
MSTC Limited Appoints Renuka Verma as Chief General Manager (Personnel & Administration) MSTC Limited announced the appointment of Mrs. Renuka Verma as Chief General Manager (Personnel & Administration), with effect from February 21, 2025. Academic Qualification: BA, PGD PM & IR, Certification - Insead General Management Programme. Experience is 28 years+. Job profile in MSTC: Joined MSTC on February 21, 2025 and the Key Responsibility Areas are: Formulation and execution of policies, relating to recruitment, training, terms and conditions of employment of personnel, implementation of statutory and other welfare schemes, and effective utilization and discharge of personnel employed in the organization. Advise and assist in development of managerial prowess, prescribe recruitment methods, organize training schemes, supervise administration of welfare programmes distribute personnel for their effective utilization in the organization and resolve problems of All establishment work regarding promotions, timings etc., Handling matters of disputes, grievances of the employees, Welfare facilities Follow up Govt. guidelines on various subject Investigate into specific problems of indiscipline and inefficiency to evolve and suggest ameliorative measures to management, Establish channels of consultation between labour and employers to minimize misunderstanding. May represent employers in labour conciliation proceedings during disputes, Ensuring effective secured environment in office premises & overseeing estate-related activities, administration-involving management, coordination, monitoring, administrative activities etc. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹481, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 29x in the Trade Distributors industry in India. Total returns to shareholders of 77% over the past three years. New Risk • Feb 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹35.63 (vs ₹7.10 in 3Q 2024) Third quarter 2025 results: EPS: ₹35.63 (up from ₹7.10 in 3Q 2024). Revenue: ₹962.0m (down 48% from 3Q 2024). Net income: ₹2.51b (up 402% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 10
MSTC Limited Declares Second Interim Dividend for the Financial Year 2024-25 MSTC Limited announced that at the board meeting held on 10 February, 2025 the Board has declared second Interim Dividend at the rate of 320% i.e. INR 32 per equity share of face value of INR 10 each for the financial year 2024-25. The interim dividend shall be paid within 30 days from the date of its declaration. The Board has also fixed 14 February, 2025 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration. Ankündigung • Jan 23
Konoike Transport Co.,Ltd. (TSE:9025) completed the acquisition of Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD). Konoike Transport Co.,Ltd. (TSE:9025) agreed to acquire Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) for INR 3.2 billion on September 19, 2024. Shareholders of MSTC shareholders approved the deal. transaction has been approved by Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs. Ferro Scrap Nigam reported net worth of INR 4.5 billion, total assets of INR 7.7 billion, sales of INR 7.6 billion and net income of INR 1.1 billion for fiscal year ending March 2024. The transaction is expected to complete on January 15, 2025.
Konoike Transport Co.,Ltd. entered into an agreement for sale to acquire Ferro Scrap Nigam Limited from MSTC Limited on October 24, 2024. The transaction is expected to complete after 60 business days from the date of execution of share purchase agreement.
Konoike Transport Co.,Ltd. (TSE:9025) completed the acquisition of Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) on January 21, 2025. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹724, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 143% over the past three years. Declared Dividend • Nov 13
Dividend reduced to ₹4.00 Dividend of ₹4.00 is 27% lower than last year. Ex-date: 22nd November 2024 Payment date: 9th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 0.1%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 47% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 8.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: ₹5.89 (vs ₹7.86 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.89 (down from ₹7.86 in 2Q 2024). Revenue: ₹932.7m (down 50% from 2Q 2024). Net income: ₹414.5m (down 25% from 2Q 2024). Profit margin: 44% (up from 30% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 09
MSTC Limited Declares Interim Dividend for the Financial Year 2024-25 MSTC Limited at its board meeting held on 9 November, 2024, Declared an Interim Dividend at 40% i.e. INR 4.00 per equity share of face value of INR 10/- each for the financial year 2024-25 . The interim dividend shall be paid within 30 days from the date of its declaration. As per Regulation 42 of the listing regulations the Board has also fixed 22nd November, 2024 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend will be paid to the shareholders within 30 days from the date of its declaration . Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹714, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 38x in the Trade Distributors industry in India. Total returns to shareholders of 56% over the past three years. Ankündigung • Sep 21
Konoike Transport Co.,Ltd. (TSE:9025) agreed to acquire Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) for INR 3.2 billion. Konoike Transport Co.,Ltd. (TSE:9025) agreed to acquire Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) for INR 3.2 billion on December 22, 2021. Shareholders of MSTC shareholders approved the deal. transaction has been approved by Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs. Ankündigung • Sep 20
MSTC Limited Approves Final Dividend for the Financial Year 2023-2024 MSTC Limited at its AGM held on September 18, 2024, approved to declare final dividend of INR 5.00 per share (50%) on equity shares for the financial year 2023-2024. Declared Dividend • Aug 28
Dividend increased to ₹5.00 Dividend of ₹5.00 is 56% higher than last year. Ex-date: 10th September 2024 Payment date: 18th October 2024 Dividend yield will be 1.9%, which is higher than the industry average of 0.1%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 47% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹8.79 (vs ₹7.19 in 1Q 2024) First quarter 2025 results: EPS: ₹8.79 (up from ₹7.19 in 1Q 2024). Revenue: ₹2.09b (up 17% from 1Q 2024). Net income: ₹619.0m (up 22% from 1Q 2024). Profit margin: 30% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 02
MSTC Limited to Report Q1, 2025 Results on Aug 13, 2024 MSTC Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Ankündigung • Jul 02
MSTC Limited Announces Superannuation of Chittaranjan Giri as Chief General Manager (Systems) MSTC Limited announced superannuation of Shri Chittaranjan Giri as Chief General Manager (Systems) with an effect from July 01, 2024. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹758, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 35x in the Trade Distributors industry in India. Total returns to shareholders of 230% over the past three years. New Risk • May 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 34% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (21% net profit margin). Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹949, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total returns to shareholders of 285% over the past three years. Ankündigung • May 16
MSTC Limited to Report Q4, 2024 Results on May 27, 2024 MSTC Limited announced that they will report Q4, 2024 results on May 27, 2024 Buy Or Sell Opportunity • May 11
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to ₹800. The fair value is estimated to be ₹667, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has grown by 29%. Ankündigung • Apr 04
MSTC Limited Announces Completion of Tenure of Deputation of Shri Suresh Madhavan as Chief Vigilance Officer MSTC Limited announced Completion of Tenure of Deputation of Shri Suresh Madhavan as Chief Vigilance Officer. Date of Change is April 03, 2024. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹769, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 30x in the Trade Distributors industry in India. Total returns to shareholders of 173% over the past three years. Upcoming Dividend • Feb 13
Upcoming dividend of ₹5.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 09 March 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.1%). Declared Dividend • Feb 10
Dividend of ₹5.00 announced Shareholders will receive a dividend of ₹5.00. Ex-date: 20th February 2024 Payment date: 9th March 2024 Dividend yield will be 1.4%, which is higher than the industry average of 0.1%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 66% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹7.10 (vs ₹6.68 in 3Q 2023) Third quarter 2024 results: EPS: ₹7.10 (up from ₹6.68 in 3Q 2023). Revenue: ₹2.04b (up 21% from 3Q 2023). Net income: ₹499.7m (up 6.2% from 3Q 2023). Profit margin: 24% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 08
MSTC Limited Approves an Interim Dividend for the Financial Year 2023-24 Board of Directors of MSTC Limited at its meeting held on 8 February, 2024 has considered and approved the following business: The Board has also declared 2nd Interim Dividend @ 50% i.e. INR 5 per equity share of face value of INR 10/- each for the financial year 2023-24. The interim dividend shall be paid within 30 days from the date of its declaration. As per Regulation 42 of the listing regulations the Board has also fixed 20th February, 2024 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration. Ankündigung • Feb 01
MSTC Limited Announces Change in Management MSTC Limited announced change in the Senior Management: Shri Arup Sunder Pal: Head of Department (Law); date of change: January 31, 2024; Superannuation; Academic Qualification: M.Com, ACA; Designation: Additional General Manager (F&A), Head of the Department (Law); Shri Debasis Ghosal: Head of Department (Law); date of change: February 1, 2024; Additional Charge of Office along with Current Designation. Academic Qualification: M.Com, ACA; Experience: 25 years; Job profile in MSTC: Joined MSTC on June 2001. Worked as: Branch Finance Manager; Regional Finance Manager; Head of Associate Finance (Marketing); Head of Department (Marketing); Trustee of MSTC Contributory Provident Fund. Ankündigung • Jan 30
MSTC Limited to Report Q3, 2024 Results on Feb 08, 2024 MSTC Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,112, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total returns to shareholders of 407% over the past three years. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹775, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 34x in the Trade Distributors industry in India. Total returns to shareholders of 295% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹644, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 332% over the past three years. Upcoming Dividend • Nov 09
Upcoming dividend of ₹5.50 per share at 3.5% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 03 December 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.1%). Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹7.86 (vs ₹9.04 in 2Q 2023) Second quarter 2024 results: EPS: ₹7.86 (down from ₹9.04 in 2Q 2023). Revenue: ₹2.11b (up 21% from 2Q 2023). Net income: ₹553.4m (down 13% from 2Q 2023). Profit margin: 26% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 04
MSTC Limited Declares an Interim Dividend for the Financial Year 2023-24 The Board of MSTC Limited has also declared an Interim Dividend @ 55% i.e. INR 5.50 per equity share of face value of INR 10/- each for the financial year 2023-24. The interim dividend shall be paid within 30 days from the date of its declaration. As per Regulation 42 of the listing regulations' the Board has also fixed November 15, 2023 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Ankündigung • Oct 18
MSTC Limited to Report Q2, 2024 Results on Nov 03, 2023 MSTC Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Ankündigung • Sep 21
MSTC Limited Approves Final Dividend MSTC Limited confirms 1st and 2nd Interim dividends paid @ INR 5.50 per share and INR 6.30 per share respectively on equity shares for the Financial Year 2022-23 and to declare final dividend @ INR 3.20 per share (32%) on equity shares for the financial year 2022-23, at the AGM held on September 20, 2023. Upcoming Dividend • Sep 05
Upcoming dividend of ₹3.20 per share at 3.6% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.1%). Ankündigung • Aug 26
MSTC Limited Proposes Final Dividend for the Financial Year 2022-23 MSTC Limited at its AGM held on September 20, 2023 proposed to declare final dividend of INR 3.20 per share (32%) on equity shares for the financial year 2022-23. The Company has fixed September 12, 2023 as the Record Date for determining entitlement of members to receive final dividend for the financial year 2022-23. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹7.19 (vs ₹7.71 in 1Q 2023) First quarter 2024 results: EPS: ₹7.19 (down from ₹7.71 in 1Q 2023). Revenue: ₹2.00b (up 11% from 1Q 2023). Net income: ₹506.1m (down 6.8% from 1Q 2023). Profit margin: 25% (down from 30% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 43% per year. Ankündigung • Jul 24
MSTC Limited to Report Q1, 2024 Results on Aug 11, 2023 MSTC Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Ankündigung • May 25
MSTC Limited, Annual General Meeting, Sep 20, 2023 MSTC Limited, Annual General Meeting, Sep 20, 2023. Agenda: To consider dividend 3.20 per equity share for the Financial Year 2022-23. Ankündigung • May 24
MSTC Limited Recommends Final Dividend for the Financial Year 2022-2023 The Board of Directors of MSTC Limited has, subject to the approval of the shareholders at the upcoming Annual General Meeting of the Company, recommended final dividend of INR 3.20 per equity share, (i.e. 32 % on the paid-up equity share capital) for the Financial Year 2022-2023. The final dividend would be paid within 30 days from the date of its declaration at the 58 AGM of the Company. The final dividend is in addition to the Interim Dividends paid for the financial year 2022-2023. The record date for payment of final dividend shall be intimated in due course. Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹34.37 (vs ₹28.29 in FY 2022) Full year 2023 results: EPS: ₹34.37 (up from ₹28.29 in FY 2022). Revenue: ₹8.79b (flat on FY 2022). Net income: ₹2.42b (up 22% from FY 2022). Profit margin: 28% (up from 23% in FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Ankündigung • May 14
MSTC Limited to Report Q4, 2023 Results on May 23, 2023 MSTC Limited announced that they will report Q4, 2023 results on May 23, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₹1.83b (down 3.1% from 3Q 2022). Net income: ₹470.4m (up 14% from 3Q 2022). Profit margin: 26% (up from 22% in 3Q 2022). The increase in margin was driven by lower expenses. Ankündigung • Feb 12
MSTC Limited Declares Second Interim Dividend for the Financial Year 2022-23 MSTC Limited announced that at its Board Meeting held on 11 February, 2023, Board has also declared second Interim Dividend at 63% i.e. INR 6.30 per equity share of face value of INR 10/- each for the financial year 2022-23. The interim dividend shall be paid within 30 days from the date of its declaration. As per Regulation 42 of the listing regulations the Board has also fixed 22 February, 2023 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend will be credited to the account of the shareholders or thedividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration. Ankündigung • Jan 31
MSTC Limited to Report Q3, 2023 Results on Feb 10, 2023 MSTC Limited announced that they will report Q3, 2023 results at 4:00 PM, Indian Standard Time on Feb 10, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹269, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₹339, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 147% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Adya Pandey was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 11
Upcoming dividend of ₹5.50 per share Eligible shareholders must have bought the stock before 18 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.1%). Ankündigung • Nov 09
MSTC Limited Approves an Interim Dividend for the Financial Year 2022-2023 MSTC Limited announced that at its board meeting held on 8 November 2022, the board approved an interim dividend at 55% that is INR 5.50 per equity share of face value of INR 10 each for the financial year 2022-2023. The interim dividend shall be paid within 30 days from the date of its declaration. The board also fixed 21 November 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: ₹9.04 (vs ₹4.02 in 2Q 2022) Second quarter 2023 results: EPS: ₹9.04 (up from ₹4.02 in 2Q 2022). Revenue: ₹2.69b (up 18% from 2Q 2022). Net income: ₹636.7m (up 125% from 2Q 2022). Profit margin: 24% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 30
MSTC Limited to Report Q2, 2023 Results on Nov 09, 2022 MSTC Limited announced that they will report Q2, 2023 results on Nov 09, 2022 Ankündigung • Sep 28
MSTC Limited Declares Final Dividend for the Financial Year 2021-22 MSTC Limited at it's AGM held confirmed 1st and 2nd interim dividends paid at the rate of INR 2.00 per share and INR 6.50 per share respectively on equity shares for the Financial Year 2021-22 and to declare final dividend at the rate of INR 4.40 per share (44%) on equity shares for the financial year 2021-22. Upcoming Dividend • Sep 08
Upcoming dividend of ₹4.40 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 41% and the cash payout ratio is 95%. Trailing yield: 4.4%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.1%). Ankündigung • Sep 04
MSTC Limited Proposes Final Dividend for the Financial Year 2021-22 MSTC Limited proposed to declare final dividend of INR 4.40 per share (44%) on equity shares for the financial year 2021-22 in the Annual General Meeting to be held on September 27, 2022. The Company has fixed September 16, 2022 as the `Record Date' for determining entitlement of members to receive final dividend for the financial year ended March 31, 2022, if approved at the AGM. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹7.71 (vs ₹4.77 in 1Q 2022) First quarter 2023 results: EPS: ₹7.71 (up from ₹4.77 in 1Q 2022). Revenue: ₹1.81b (down 32% from 1Q 2022). Net income: ₹542.9m (up 62% from 1Q 2022). Profit margin: 30% (up from 13% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹28.29 (vs ₹16.05 in FY 2021) Full year 2022 results: EPS: ₹28.29 (up from ₹16.05 in FY 2021). Revenue: ₹8.76b (up 12% from FY 2021). Net income: ₹1.99b (up 76% from FY 2021). Profit margin: 23% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Adya Pandey was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 21
MSTC Limited Appoints Shri Adya Prasad Pandey as Independent Director MSTC Limited has appointed Shri Adya Prasad Pandey as independent Director of MSTC Limited, as Non-official independent Director on the Board of Ferro Scrap Nigam Limited (FSNL), a wholly owned subsidiary of MSTC Limited in compliance with the provision of Regulation 24(1) of the SEBI LODR Regulations, effective date of notification of his appointment till his tenure as independent Director on the Board of MSTC Limited or until further orders, whichever is earlier. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹333, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total returns to shareholders of 227% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹284, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total returns to shareholders of 3.0% over the past year. Upcoming Dividend • Feb 15
Upcoming dividend of ₹6.50 per share Eligible shareholders must have bought the stock before 22 February 2022. Payment date: 13 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.6%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.1%). 
