MoneyWorks4Me

MSTC Ltd (MSTCLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542597 NSE: MSTCLTD e-Commerce | Small Cap | MSTC Share Price

₹738.05 0.25 (0.03%)

As on 11-Sep'26 16:59

MSTC Ltd (MSTCLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542597 NSE: MSTCLTD e-Commerce | Small Cap | MSTC Share Price

₹738.05 0.25 (0.03%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,194 Cr.
Current Price
₹738.1
52-Week Low / High
₹362 / 804
TTM EPS
₹33.3
TTM Sales
₹386 Cr.
Book Value per Share
₹136.7
P/E Ratio
22.17
Higher than its 5-year historical median
Industry PE
104.6
Price to Book (P/B)
5.40
Higher than its 5-year historical median
Price to Sales (P/S)
13.44
Higher than its 5-year historical median
EV/EBITDA
12.26
Higher than its 5-year historical median
Dividend Yield
2.13%
Profitability Efficiency
Return on Equity (ROE)
26.60%
Outperforms industry median
Return on Capital Employed (ROCE)
30.28%
Outperforms industry median
Return on Assets (ROA)
8.61%
Operating Profit Margin
60.4%
Net Profit Margin
59.09%
Gross Profit Margin
83.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
21.63%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.34%
Asset Quality
Promoter Holding
64.75%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹892 Cr.
Equity
₹70.4 Cr.
Face Value
₹10
All Time Low / High
₹70.40 / 1165.00

MSTC stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is MSTC Ltd a good quality company?
MSTC Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does MSTC Ltd performance compare with that of its Peers?
Q.1 Revenue growth of MSTC Ltd vs industry peers?
MSTC Ltd revenue CAGR is -2.88%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of MSTC Ltd?
Promoters hold 64.75% of the MSTC Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of MSTC Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 19.64% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
MSTC Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 13.6%15.6%-19.2%23.8%24%39.6%46.3%36.8%59.1%30.2%-
Value Creation
Index
0.00.2-2.40.70.71.82.31.73.21.2-

Growth Parameters

Sales 1,4291,9462,927831428471325316311370386
Sales YoY Gr.-36.2%50.4%-71.6%-48.5%10%-31%-2.6%-1.7%18.9%-
Adj EPS 9.310.9-46.110.714.428.43424.431.131.533.5
YoY Gr.-17.2%-523.2%NA34.5%97.9%19.6%-28.1%27.2%1.4%-
BVPS (₹) 73.479.929.639.850.466.184.494.4106.8130.8139
Adj Net
Profit
65.476.6-32475.2101200239172219222235
Cash Flow from Ops. -49070.159.923366571.1781-283260-27.8-
Debt/CF from Ops. -1.410.910.110.22.10.2-0.50.6-5.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -14%-2.9%4.4%18.9%
Adj EPS 14.5%17%-2.5%1.4%
BVPS6.6%21%15.7%22.5%
Share Price - 19.5% 20% 37.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
10.514.2-84.230.831.848.845.227.330.926.524.8
Op. Profit
Mgn %
7.5-16.2-8.411.8-20.2-10.945.228.255.86060.8
Net Profit
Mgn %
4.63.9-11.19.123.642.573.754.470.46060.9
Debt to
Equity
1.31.42.90.80.40.30.20.20.20.2-
Working Cap
Days
9738304309431,3288441,1081,2061,3041,035718
Cash Conv.
Cycle
22311610522411847-234-64-58-141208

Valuation of MSTC - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,7392,2653,2921,231780876721316311370
Operating Expenses + 1,6022,5773,4951,080831867525227127146
Manufacturing Costs134135159176172122221
Material Costs1,2271,5902,59161521821464000
Employee Cost 149211169183173193172889199
Other Costs 926415761064224382671373446
Operating Profit 137-312-203151-50919689184223
Operating Profit Margin (%) 7.9%-13.8%-6.2%12.3%-6.4%1.0%27.1%28.2%59.1%60.4%
Other Income + 13752848652142471582037784
Exceptional Items -000000002630
Interest 78856530830000
Depreciation 121215171921227910
Profit Before Tax 183117-237167136233329278508292
Tax 4440707023348711310174
Profit After Tax 13977-30797113199242165407218
PAT Margin (%) 8.0%3.4%-9.3%7.9%14.5%22.7%33.6%52.2%130.9%59.1%
Adjusted EPS (₹)19.811.0-43.613.816.128.334.423.457.831.0
Dividend Payout Ratio (%)21%33.70%0%24%27.40%45.60%43.60%66.10%70%50.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 406731388474558654787647738904
Share Capital 18357070707070707070
Reserves 388696318404488584716577668834
Debt +688766615259149145145145145145
Long Term Debt0013400000
Short Term Debt688766614255145145145145145145
Minority Interest0000000000
Trade Payables2,5602,604952654431209159118123126
Others Liabilities 1,2451,3411,2501,2531,3411,2671,9371,3021,5651,329
Total Liabilities 4,8995,4423,2052,6392,4792,2753,0272,2122,5722,505

Fixed Assets

Net Fixed Assets +66698396891421416965206
Gross Block891041321591702422639195244
Accumulated Depreciation2335486381101122233038
CWIP 21123295200000
Investments 391411142119281212
Inventories74467565000
Trade Receivables3,4603,9821,8701,463890548463317310227
Cash Equivalents flag 4895554172337608211,6011,0301,3591,328
Others Assets 805813792799669737798769827732
Total Assets 4,8995,4423,2052,6392,4792,2753,0272,2122,5722,505
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -51921101222681170844-283260-28
PBT 183117-237167136233329278508292
Adjustment 3151572626938-50-79-358-69
Changes in Working Capital -652-201-18528500-62625-421179-208
Tax Paid -53-47-49-35-23-40-60-60-69-43
Cash Flow From Investing Activity + 377846025511-72-551-272165257
Capex -15-24-35-36-35-22-33-108-25-22
Net Investments -3875027527-67-552-242-198202
Others 3952144161917347738777
Cash Flow From Financing Activity + 12-94-217-233-107-98-119-96-289-54
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -68-67-58-29-7-3-00-10
Dividend Paid -35-25-260-23-91-114-96-289-54
Others 114-2-133-204-77-5-5000
Net Cash Flow -13011-562455850175-651136176
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)38.6213.58-54.8922.5121.8932.8533.5923.0358.7626.6
ROCE (%)25.3315.63-13.7922.6219.9131.137.9632.2660.6830.28
Asset Turnover Ratio0.370.440.760.420.310.370.270.120.130.15
PAT to CFO Conversion(x)-3.730.27N/A2.296.030.853.49-1.720.64-0.13
Working Capital Days
Receivable Days633.90599.50324.40493.90550.10299.50256450.20367.70264.90
Inventory Days9.806.300.601.902.802.302.80000
Payable Days703.90592.70250.40476.409095451,045.90000

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MSTC Ltd FAQs

The current trading price of MSTC on 11-Sep-2026 16:59 is ₹738.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of MSTC stood at ₹5,194.1 Cr

The latest P/E ratio of MSTC as of 10-Sep-2026 is 22.06.

The latest P/B ratio of MSTC as of 10-Sep-2026 is 5.31.

The 52-week high of MSTC is ₹804.0 and the 52-week low is ₹362.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MSTC is ₹386 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that MSTC Ltd is a good quality company.

The key valuation ratios of MSTC Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of MSTC Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About MSTC Ltd

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