
About MSTC Limited
Data last updated:
MSTC Limited is a public limited union government company based in Kolkata, West Bengal, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 09 September 1964 and has been in existence for over 62 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L27320WB1964GOI026211. Its GSTIN is 19AACCM0021E1Z4 (West Bengal). The company holds 62 GST registrations, of which 52 are active. Its shares are listed on BSE: 542597 and NSE: MSTCLTD.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹70.4 Cr. It was formerly known as Metal Scrap Trade Corporation Limited. It is led by directors including Manobendra Ghoshal (Managing Director) and Bhanu Kumar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.Cf – 18/2 Street No.175 Action Area 1 C Newtown, Kolkata, West Bengal, India – 700156.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹369.66 Cr, a growth of 18.9% compared to the previous year. For the same year it recorded a net profit of ₹218.43 Cr (net margin 59.1%) and EBITDA of ₹219.57 Cr (EBITDA margin 59.4%). The net worth stands at ₹903.94 Cr (up 22.4% YoY). Total assets are valued at ₹1,079.72 Cr (up 18.1% YoY).
The company has about 168 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Jaivikkheti, Cero Recycling and MSTC. As per MCA filings, the company has open charges of ₹1,084.5 Cr and satisfied charges of ₹11,357 Cr on record. Court records list 1,474 cases involving the company, including 393 filed by the company and 491 filed against it; 292 cases are pending. The company has 29 deals on record (28 market trades, 1 ipo); the latest was in June 2026. Its 10 peer companies in the Metals and Minerals industry (Materials Retail and Distribution, Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Sendoz Commercials Private Limited with revenue of ₹396.19 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2022, listing 10 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mstcindia.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No.Cf – 18/2 Street No.175 Action Area 1 C Newtown, Kolkata, West Bengal, India – 700156
- IndustryMetals and Minerals, Materials Retail & Distribution
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of MSTC Limited
The main business activities of MSTC are support service to organizations and professional, scientific and technical. In detail, this covers other support services to organizations and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of MSTC Limited FY 2025-26 filings available
MSTC Limited reported revenue of ₹369.66 Cr (up 18.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 370 | 311 | 316 | 721 | 876 | 780 | 1,231 |
| Revenue growth | +18.9% | -1.7% | -56.1% | -17.7% | +12.3% | -36.6% | - |
| EBITDA | 220 | 139 | 82.34 | 193 | 9.08 | (51.12) | 148 |
| EBITDA margin | +59.4% | +44.8% | +26.0% | +26.8% | +1.0% | -6.6% | +12.0% |
| Profit before tax | 292 | 508 | 278 | 329 | 233 | 136 | 167 |
| Net profit | 218 | 91.19 | 165 | 242 | 199 | 113 | 96.97 |
| Net profit margin | +59.1% | +29.3% | +52.2% | +33.5% | +22.7% | +14.5% | +7.9% |
| EPS (₹) | 31.03 | 57.82 | 23.44 | 34.37 | 28.28 | 16.05 | 13.78 |
| Balance sheet | |||||||
| Total assets | 1,080 | 914 | 825 | 1,037 | 916 | 812 | 823 |
| Net worth | 904 | 738 | 647 | 786 | 654 | 558 | 474 |
| Total debt | 145 | 145 | 145 | 145 | 150 | 154 | 259 |
| Cash & bank | 1,328 | 1,359 | 1,030 | 1,601 | 821 | 760 | 233 |
| Net working capital | 673 | 521 | 400 | 562 | 371 | 260 | 360 |
| Cash flow | |||||||
| Cash from operations | (27.79) | 260 | (283) | 844 | 170 | 681 | 222 |
| Cash from investing | 257 | 165 | (272) | (551) | (71.57) | 11.24 | 255 |
| Cash from financing | (53.50) | (289) | (96.45) | (119) | (98.32) | (107) | (233) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94.24 | 119 | 88.43 | 85.01 | 77.43 | 88.85 | 81.14 | 71.92 |
| Revenue growth (YoY) | +21.7% | +33.7% | +9.0% | +18.2% | +12.2% | - | - | - |
| Other income | 23.85 | 31.57 | 18.28 | 17.30 | 16.23 | 23.18 | 291 | 21.35 |
| EBITDA | 57.73 | 75.95 | 49.92 | 49.89 | 43.67 | 42.49 | 47.19 | 36.84 |
| EBITDA margin | +61.3% | +63.9% | +56.5% | +58.7% | +56.4% | +47.8% | +58.2% | +51.2% |
| Depreciation | 2.96 | 2.70 | 2.75 | 2.67 | 2.25 | 2.15 | 1.98 | 2.65 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
| Profit before tax | 78.62 | 105 | 65.45 | 64.52 | 57.65 | 63.52 | 336 | 55.45 |
| Tax | 20.41 | 27.60 | 14.09 | 17.01 | 15.31 | (11.99) | 84.90 | 14.00 |
| Net profit | 58.21 | 77.22 | 51.36 | 47.51 | 42.34 | 75.51 | 251 | 41.45 |
| EPS (₹) | 8.27 | 10.97 | 7.30 | 6.75 | 6.01 | 10.73 | 35.63 | 5.89 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 370 | 311 | 316 | 325 | 471 | 428 | 831 |
| Revenue growth | +18.9% | -1.7% | -2.6% | -31.0% | +10.0% | -48.5% | - |
| EBITDA | 223 | 135 | 89.21 | 147 | (51.36) | (86.57) | 98.27 |
| EBITDA margin | +60.3% | +43.4% | +28.2% | +45.2% | -10.9% | -20.2% | +11.8% |
| Profit before tax | 296 | 504 | 284 | 313 | 220 | 115 | 129 |
| Net profit | 222 | 86.67 | 172 | 239 | 200 | 101 | 75.20 |
| Net profit margin | +60.0% | +27.9% | +54.4% | +73.7% | +42.5% | +23.6% | +9.1% |
| EPS (₹) | 31.49 | 57.24 | 24.42 | 33.98 | 28.42 | 14.36 | 10.68 |
| Balance sheet | |||||||
| Total assets | 1,096 | 928 | 842 | 766 | 644 | 542 | 535 |
| Net worth | 921 | 752 | 665 | 594 | 465 | 355 | 280 |
| Total debt | 145 | 145 | 145 | 145 | 150 | 154 | 232 |
| Cash & bank | 1,328 | 1,359 | 1,030 | 1,439 | 735 | 720 | 171 |
| Net working capital | 673 | 521 | 400 | 400 | 246 | 158 | 171 |
| Cash flow | |||||||
| Cash from operations | (27.79) | 260 | (283) | 768 | 71.14 | 665 | 233 |
| Cash from investing | 257 | 165 | (272) | (462) | 25.31 | (9.74) | 231 |
| Cash from financing | (53.50) | (289) | (96.45) | (119) | (98.32) | (107) | (231) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94.24 | 119 | 88.43 | 85.01 | 77.43 | 88.85 | 81.14 | 71.92 |
| Revenue growth (YoY) | +21.7% | +33.7% | +9.0% | +18.2% | +12.2% | - | - | - |
| Other income | 23.76 | 31.57 | 18.28 | 17.30 | 16.23 | 23.18 | 291 | 21.35 |
| Total expenses | 36.51 | 44.27 | 37.46 | 33.47 | 31.78 | 54.80 | 32.37 | 33.50 |
| EBITDA | 57.73 | 74.53 | 50.97 | 51.54 | 45.65 | 34.05 | 48.77 | 38.42 |
| EBITDA margin | +61.3% | +62.7% | +57.6% | +60.6% | +59.0% | +38.3% | +60.1% | +53.4% |
| Depreciation | 2.96 | 2.70 | 2.75 | 2.67 | 2.25 | 2.15 | 1.98 | 2.65 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
| Profit before tax | 78.53 | 103 | 66.50 | 66.17 | 59.63 | 55.08 | 337 | 57.03 |
| Tax | 20.41 | 27.60 | 14.09 | 17.01 | 15.31 | (11.99) | 84.90 | 14.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94.24 | 119 | 88.43 | 85.01 | 77.43 | 88.85 | 81.14 | 71.92 |
| Revenue growth (YoY) | +21.7% | +33.7% | +9.0% | +18.2% | +12.2% | - | - | - |
| Other income | 23.85 | 31.57 | 18.28 | 17.30 | 16.23 | 23.18 | 291 | 21.35 |
| EBITDA | 57.73 | 75.95 | 49.92 | 49.89 | 43.67 | 42.49 | 47.19 | 36.84 |
| EBITDA margin | +61.3% | +63.9% | +56.5% | +58.7% | +56.4% | +47.8% | +58.2% | +51.2% |
| Depreciation | 2.96 | 2.70 | 2.75 | 2.67 | 2.25 | 2.15 | 1.98 | 2.65 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
| Profit before tax | 78.62 | 105 | 65.45 | 64.52 | 57.65 | 63.52 | 336 | 55.45 |
| Tax | 20.41 | 27.60 | 14.09 | 17.01 | 15.31 | (11.99) | 84.90 | 14.00 |
| Net profit | 58.21 | 77.22 | 51.36 | 47.51 | 42.34 | 75.51 | 251 | 41.45 |
| EPS (₹) | 8.27 | 10.97 | 7.30 | 6.75 | 6.01 | 10.73 | 35.63 | 5.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 370 | 311 | 316 | 721 | 876 | 780 | 1,231 |
| Revenue growth | +18.9% | -1.7% | -56.1% | -17.7% | +12.3% | -36.6% | - |
| Other income | 83.38 | 378 | 203 | 158 | 247 | 214 | 64.60 |
| Total expenses | 150 | 172 | 234 | 528 | 867 | 832 | 1,083 |
| Employee cost | 98.73 | 91.32 | 88.01 | 172 | 193 | 173 | 183 |
| EBITDA | 220 | 139 | 82.34 | 193 | 9.08 | (51.12) | 148 |
| EBITDA margin | +59.4% | +44.8% | +26.0% | +26.8% | +1.0% | -6.6% | +12.0% |
| Depreciation | 10.36 | 9.09 | 7.32 | 21.84 | 20.82 | 18.68 | 16.62 |
| Interest | 0.16 | 0.33 | 0.48 | 0.16 | 2.83 | 7.94 | 29.54 |
| Profit before tax | 292 | 508 | 278 | 329 | 233 | 136 | 167 |
| Tax | 74.00 | 101 | 113 | 87.21 | 33.80 | 22.93 | 69.73 |
| Net profit | 218 | 91.19 | 165 | 242 | 199 | 113 | 96.97 |
| Net profit margin | +59.1% | +29.3% | +52.2% | +33.5% | +22.7% | +14.5% | +7.9% |
| EPS (₹) | 31.03 | 57.82 | 23.44 | 34.37 | 28.28 | 16.05 | 13.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 70.40 | 70.40 | 70.40 | 70.40 | 70.40 | 70.40 | 70.40 |
| Reserves & surplus | 834 | 668 | 577 | 716 | 584 | 488 | 404 |
| Shareholders' funds (net worth) | 904 | 738 | 647 | 786 | 654 | 558 | 474 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1.38 | 1.38 | 1.38 | 1.38 | 5.89 | 10.77 | 115 |
| Unsecured loans | 144 | 144 | 144 | 144 | 144 | 144 | 144 |
| Total debt | 145 | 145 | 145 | 145 | 150 | 154 | 259 |
| Total liabilities | 1,080 | 914 | 825 | 1,037 | 916 | 812 | 823 |
| Assets | |||||||
| Gross block | 244 | 94.89 | 91.12 | 263 | 243 | 170 | 159 |
| Net block | 206 | 64.81 | 68.51 | 141 | 142 | 89.26 | 96.00 |
| Capital work in progress | 0.48 | 0.00 | 0.00 | 0.08 | 0.00 | 51.82 | 29.34 |
| Investments | 11.88 | 11.56 | 28.31 | 19.39 | 20.64 | 14.36 | 11.21 |
| Inventories | 0.00 | 0.00 | 0.00 | 6.09 | 6.92 | 6.19 | 7.14 |
| Sundry debtors | 227 | 310 | 317 | 463 | 548 | 890 | 1,463 |
| Cash & bank balances | 1,328 | 1,359 | 1,030 | 1,601 | 821 | 760 | 233 |
| Loans & advances | 49.70 | 56.79 | 50.69 | 145 | 93.40 | 40.71 | 35.77 |
| Total current assets | 1,604 | 1,725 | 1,397 | 2,215 | 1,470 | 1,696 | 1,739 |
| Total current liabilities | 931 | 1,204 | 997 | 1,653 | 1,099 | 1,437 | 1,379 |
| Net working capital | 673 | 521 | 400 | 562 | 371 | 260 | 360 |
| Total assets | 1,080 | 914 | 825 | 1,037 | 916 | 812 | 823 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 378 | 242 | 893 | 746 | 746 | 161 | (83.75) |
| Net cash from operating activities | (27.79) | 260 | (283) | 844 | 170 | 681 | 222 |
| Net cash from investing activities | 257 | 165 | (272) | (551) | (71.57) | 11.24 | 255 |
| Net cash from financing activities | (53.50) | (289) | (96.45) | (119) | (98.32) | (107) | (233) |
| Net change in cash | 176 | 136 | (651) | 175 | 0.23 | 585 | 245 |
| Closing cash | 1,328 | 1,359 | 1,030 | 1,601 | 821 | 760 | 233 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.9% | -1.7% | -56.1% | -17.7% | +12.3% | -36.6% | - |
| EBITDA growth | +57.8% | +69.0% | -57.3% | +2025.2% | +117.8% | -134.5% | - |
| PBT growth | -42.4% | +83.0% | -15.7% | +41.3% | +71.4% | -18.5% | +9998.0% |
| Net income growth | +139.5% | -44.8% | -31.7% | +21.5% | +76.4% | +16.3% | - |
| Revenue CAGR (3Y) | -20.0% | -29.2% | -26.0% | -16.3% | -35.7% | -29.9% | -10.9% |
| EBITDA CAGR (3Y) | +4.4% | +148.4% | - | +9.2% | - | -49.5% | +2.8% |
| Profitability & leverage | |||||||
| Net income margin | +59.1% | +130.9% | +52.2% | +33.6% | +22.7% | +14.5% | +7.9% |
| Return on capital employed | +29.4% | +28.2% | +29.9% | +32.1% | +23.3% | +13.6% | +18.0% |
| Return on net worth | +26.6% | +13.2% | +23.0% | +31.4% | +26.5% | +15.0% | +17.0% |
| Debt / equity | 0.18 | 0.21 | 0.20 | 0.20 | 0.25 | 0.40 | 1.01 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest cover | 0.08 | 0.25 | 0.64 | 0.09 | -24.11 | -11.38 | 22.43 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.18 | 3.34 | 1.78 | 2.85 | 4.24 | 4.75 | 8.48 |
| Inventory turnover | 0.00 | 0.00 | 103.86 | 110.83 | 133.66 | 117.10 | 172.95 |
| Debtors turnover | 1.38 | 0.99 | 0.81 | 1.43 | 1.22 | 0.66 | 0.74 |
| EPS (₹) | 31.03 | 57.82 | 23.44 | 34.37 | 28.28 | 16.05 | 13.78 |
| Dividend per share (₹) | 15.70 | 40.50 | 15.50 | 15.00 | 12.90 | 4.40 | 0.00 |
| Book value per share (₹) | 128.40 | 104.89 | 91.91 | 111.72 | 92.90 | 79.25 | 67.32 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94.24 | 119 | 88.43 | 85.01 | 77.43 | 88.85 | 81.14 | 71.92 |
| Revenue growth (YoY) | +21.7% | +33.7% | +9.0% | +18.2% | +12.2% | - | - | - |
| Other income | 23.76 | 31.57 | 18.28 | 17.30 | 16.23 | 23.18 | 291 | 21.35 |
| Total expenses | 36.51 | 44.27 | 37.46 | 33.47 | 31.78 | 54.80 | 32.37 | 33.50 |
| EBITDA | 57.73 | 74.53 | 50.97 | 51.54 | 45.65 | 34.05 | 48.77 | 38.42 |
| EBITDA margin | +61.3% | +62.7% | +57.6% | +60.6% | +59.0% | +38.3% | +60.1% | +53.4% |
| Depreciation | 2.96 | 2.70 | 2.75 | 2.67 | 2.25 | 2.15 | 1.98 | 2.65 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
| Profit before tax | 78.53 | 103 | 66.50 | 66.17 | 59.63 | 55.08 | 337 | 57.03 |
| Tax | 20.41 | 27.60 | 14.09 | 17.01 | 15.31 | (11.99) | 84.90 | 14.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 370 | 311 | 316 | 325 | 471 | 428 | 831 |
| Revenue growth | +18.9% | -1.7% | -2.6% | -31.0% | +10.0% | -48.5% | - |
| Other income | 83.38 | 378 | 203 | 173 | 279 | 211 | 61.50 |
| Total expenses | 147 | 176 | 227 | 178 | 522 | 514 | 732 |
| Employee cost | 98.73 | 91.32 | 88.01 | 69.33 | 85.71 | 67.76 | 71.15 |
| EBITDA | 223 | 135 | 89.21 | 147 | (51.36) | (86.57) | 98.27 |
| EBITDA margin | +60.3% | +43.4% | +28.2% | +45.2% | -10.9% | -20.2% | +11.8% |
| Depreciation | 10.36 | 9.09 | 7.32 | 6.41 | 4.72 | 2.48 | 2.04 |
| Interest | 0.16 | 0.33 | 0.48 | 0.15 | 2.82 | 7.67 | 28.25 |
| Profit before tax | 296 | 504 | 284 | 313 | 220 | 115 | 129 |
| Tax | 74.00 | 101 | 113 | 74.26 | 19.99 | 13.61 | 54.28 |
| Net profit | 222 | 86.67 | 172 | 239 | 200 | 101 | 75.20 |
| Net profit margin | +60.0% | +27.9% | +54.4% | +73.7% | +42.5% | +23.6% | +9.1% |
| EPS (₹) | 31.49 | 57.24 | 24.42 | 33.98 | 28.42 | 14.36 | 10.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 70.40 | 70.40 | 70.40 | 70.40 | 70.40 | 70.40 | 70.40 |
| Reserves & surplus | 850 | 681 | 594 | 524 | 395 | 285 | 209 |
| Shareholders' funds (net worth) | 921 | 752 | 665 | 594 | 465 | 355 | 280 |
| Secured loans | 1.38 | 1.38 | 1.38 | 1.38 | 5.89 | 10.77 | 79.54 |
| Unsecured loans | 144 | 144 | 144 | 144 | 144 | 144 | 152 |
| Total debt | 145 | 145 | 145 | 145 | 150 | 154 | 232 |
| Total liabilities | - | - | 842 | 766 | 644 | 542 | 535 |
| Assets | |||||||
| Gross block | 244 | 94.89 | 91.12 | 82.38 | 79.33 | 20.37 | 20.04 |
| Net block | 206 | 64.81 | 68.51 | 66.38 | 69.46 | 14.27 | 16.22 |
| Capital work in progress | 0.48 | 0.00 | 0.00 | 0.00 | 0.00 | 50.25 | 28.92 |
| Investments | 28.50 | 24.94 | 45.81 | 45.81 | 44.41 | 38.41 | 34.41 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 227 | 310 | 317 | 334 | 408 | 724 | 1,233 |
| Cash & bank balances | 1,328 | 1,359 | 1,030 | 1,439 | 735 | 720 | 171 |
| Loans & advances | 49.70 | 56.79 | 50.69 | 138 | 73.03 | 22.87 | 15.20 |
| Total current assets | 1,604 | 1,725 | 1,397 | 1,911 | 1,216 | 1,466 | 1,420 |
| Total current liabilities | 931 | 1,204 | 997 | 1,511 | 970 | 1,308 | 1,248 |
| Net working capital | 673 | 521 | 400 | 400 | 246 | 158 | 171 |
| Total assets | 1,096 | 928 | 842 | 766 | 644 | 542 | 535 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 378 | 242 | 893 | 706 | 708 | 160 | (74.19) |
| Net cash from operating activities | (27.79) | 260 | (283) | 768 | 71.14 | 665 | 233 |
| Net cash from investing activities | 257 | 165 | (272) | (462) | 25.31 | (9.74) | 231 |
| Net cash from financing activities | (53.50) | (289) | (96.45) | (119) | (98.32) | (107) | (231) |
| Net change in cash | 176 | 136 | (651) | 187 | (1.87) | 548 | 234 |
| Closing cash | 1,328 | 1,359 | 1,030 | 1,439 | 735 | 720 | 171 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.9% | -1.7% | -2.6% | -31.0% | +10.0% | -48.5% | - |
| EBITDA growth | +65.0% | +51.4% | -39.2% | +385.7% | +40.7% | -188.1% | - |
| PBT growth | -41.3% | +77.2% | -9.3% | +42.5% | +91.9% | -11.4% | +9998.0% |
| Net income growth | +155.8% | -49.6% | -28.1% | +19.6% | +97.9% | +34.4% | - |
| Revenue CAGR (3Y) | +4.4% | -12.9% | -9.6% | -26.9% | -45.6% | -39.7% | -16.5% |
| EBITDA CAGR (3Y) | +14.9% | - | - | +14.3% | -40.6% | -35.0% | -2.8% |
| Profitability & leverage | |||||||
| Net income margin | +60.0% | +129.6% | +54.4% | +73.7% | +42.5% | +23.6% | +9.1% |
| Return on capital employed | +29.2% | +27.2% | +35.4% | +41.5% | +29.7% | +15.5% | +19.1% |
| Return on net worth | +26.5% | +12.2% | +27.3% | +41.2% | +35.3% | +17.8% | +19.4% |
| Debt / equity | 0.17 | 0.20 | 0.23 | 0.28 | 0.37 | 0.61 | 1.71 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Interest cover | 0.08 | 0.26 | 0.59 | 0.11 | -5.03 | -8.61 | 29.36 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.18 | 3.34 | 3.65 | 4.02 | 9.44 | 21.17 | 44.73 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 1.38 | 0.99 | 0.97 | 0.88 | 0.83 | 0.44 | 0.56 |
| EPS (₹) | 31.49 | 57.24 | 24.42 | 33.98 | 28.42 | 14.36 | 10.68 |
| Dividend per share (₹) | 15.70 | 40.50 | 15.50 | 15.00 | 12.90 | 4.40 | 0.00 |
| Book value per share (₹) | 130.76 | 106.79 | 94.40 | 84.38 | 66.11 | 50.42 | 39.75 |
Peer Comparison of MSTC Limited
MSTC Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution, Online Service Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sendoz Commercials Private Limited | ₹396.19 Cr (FY 2024) | •••• | •••• | -38.0% | •••• | Kolkata, West Bengal, India |
| Swastik Energy and Mineral Beneficiation Private Limited | ₹395.8 Cr (FY 2025) | •••• | •••• | 143.0% | •••• | Raipur, Chhattisgarh, India |
| Ahsb Steel Private Limited | ₹394.27 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Surat, Gujarat, India |
| Tirupati Structures (India) Private Limited | ₹393.66 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Dharsiwa, Chhattisgarh, India |
| Sanjivani Non Ferrous Trading Private Limited | ₹389.3 Cr (FY 2020) | •••• | •••• | 36.0% | •••• | Faridabad, Haryana, India |
| Vikas Ecotech Limited Listed | ₹383.85 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | New Delhi, Delhi, India |
| Global Mercantile Private Limited | ₹383.53 Cr (FY 2023) | •••• | •••• | 165.0% | •••• | Hare Street, West Bengal, India |
| Shrishti Trading Corporation Private Limited | ₹376.85 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Odisha, India |
| Hind Unitrade Private Limited | ₹374.95 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Raipur, Chhattisgarh, India |
| MSTC Limited this company | ₹369.66 Cr (FY 2026) | •••• | •••• | 18.9% | •••• | Kolkata, West Bengal, India |
| FC Agrawal Coal Private Limited | ₹369.27 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below MSTC by revenue in the Metals and Minerals industry (Materials Retail and Distribution, Online Service Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of MSTC Limited
MSTC Limited is audited by S. GHOSE & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. GHOSE & CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of MSTC Limited
MSTC has 6 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhanu Kumar | Whole-Time Director | 10 Oct 2017 | 8 Years 11 Months | Current |
| Subrata Sarkar Also directs: Mahindra MSTC Recycling Private Limited | Whole-Time Director | 01 Dec 2018 | 7 Years 10 Months | Current |
| Chandra Shekhar Baghel | Director | 29 May 2025 | 1 Years 4 Months | Current |
| Alka Chandrakar | Director | 29 May 2025 | 1 Years 4 Months | Current |
| Sudershan Mendiratta | Nominee Director | 12 Jun 2025 | 1 Years 3 Months | Current |
| Manobendra Ghoshal Also directs: Mahindra MSTC Recycling Private Limited | Managing Director | 01 Jan 2024 | 2 Years 9 Months | Current |
Shareholding Pattern of MSTC Limited
Shareholding for the quarter ended Sep 2026: promoters hold 64.80%, foreign institutional investors hold 4.90%, domestic institutional investors hold 1.30% and retail and other public shareholders hold 29.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 64.80% | 64.80% | 64.80% | 64.80% |
| Public | 35.20% | 35.20% | 35.20% | 35.20% |
Charges & Borrowings of MSTC Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2008 | Standard Chartered Bank | ₹100 Cr | Open |
| 16 Oct 1995 | Indian Overseas Bank | ₹984.5 Cr | Open |
| 07 Aug 2018 | State Bank of India | ₹30 Cr | Satisfied |
| 28 Mar 2018 | Indian Bank | ₹100 Cr | Satisfied |
| 23 Dec 2015 | Others | ₹4,195 Cr | Satisfied |
Total charge records: 13 View all charges
Deals & Funding of MSTC Limited
MSTC Limited has 29 deals on record (28 market trades, 1 ipo); the latest was in June 2026.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹27.87 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Jun 2026 | Market trade | ₹184.36 Cr | Buyer: Junomoneta Finsol Private Limited , Microcurves Trading Private Limited , Hrti Private Limited Seller: Junomoneta Finsol Private Limited , Microcurves Trading Private Limited , Hrti Private Limited |
| Jun 2026 | Market trade | ₹23.31 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Jun 2026 | Market trade | ₹40.01 Cr | Buyer: Microcurves Trading Private Limited , Hrti Private Limited Seller: Microcurves Trading Private Limited , Hrti Private Limited |
| Jun 2026 | Market trade | ₹26.87 Cr | Buyer: Microcurves Trading Private Limited Seller: Microcurves Trading Private Limited |
Full deal history
All 29 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of MSTC Limited
MSTC Limited has 1,474 court cases on record: 393 filed by MSTC, 491 filed against it, 590 where it is another party. 292 cases are pending and 1,182 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,114 | 345 | 204 |
| District courts | 319 | 126 | 78 |
| NCLAT | 23 | 14 | 9 |
| Supreme Court | 18 | 6 | 1 |
Cases on record (5 of 1,474)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by The State Trading Corporation of India Limited | Pending |
| Bombay High Court | Court case (EXA) | Filed by the company against Bond Gems Private Limited | Pending |
| Bombay High Court | Court case (EXA) | Filed by the company against Space Mercantile Company Private Limited | Pending |
| Bombay High Court | Writ petition | Filed by the company against The State Trading Corporation of India Limited | Pending |
| Calcutta High Court | Court case (CO) | Filed against the company by Sesa International Limited | Pending |
Full case history
All 1,474 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by MSTC Limited
MSTC Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 10 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Clarion IT Private Limited | •••• | •••• | •••• |
| National Advertising Agency | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with MSTC Limited
MSTC operates multiple associated brands including Jaivikkheti, Cero Recycling, and MSTC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online marketplace platform for buying organic products. | jaivikkheti.in | |
| Provider of vehicle recycling services | cerorecycling.com | |
| E-commerce, e-auctions, procurement, marketing, and recycling services are provided. | mstcindia.co.in |
Employees and EPFO Compliance at MSTC Limited
MSTC Limited has a workforce of 168 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of MSTC Limited
MSTC has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27320WB1964GOI026211, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27320WB1964GOI026211 | Current |
| U27320WB1964GOI026211 | Previous |
| U27320WB1964PLC026211 | Previous |
News related to MSTC Limited
Recent Activity on MSTC Limited
MSTC Limited has 85 board changes on record since 1997: 46 appointments and 39 cessations. The latest: Sudershan Mendiratta was appointed as Nominee Director on 12 Jun 2025.
108 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for MSTC Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of MSTC Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of MSTC Limited
MSTC has 62 GST registrations: 52 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCM0021E1Z4 | West Bengal | Active | 01 Jul 2017 |
| 19AACCM0021E2Z3 | West Bengal | Active | 23 Jul 2017 |
| 19AACCM0021E1CF | West Bengal | Active | 22 Jan 2019 |
| 19AACCM0021E2CE | West Bengal | Active | 22 Jun 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of MSTC Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MSTC Limited
MSTC is an active public limited union government company based in Kolkata, West Bengal, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 09 September 1964 (62+ years old) and is registered under CIN L27320WB1964GOI026211. Listed on BSE: 542597 and NSE: MSTCLTD.
MSTC reported revenue of ₹369.66 Cr for FY 2025-26 (up 18.9% YoY) based on consolidated financials.
MSTC has 6 current directors:
- Manobendra Ghoshal - Managing Director
- Bhanu Kumar - Whole-Time Director
- Subrata Sarkar - Whole-Time Director
- Chandra Shekhar Baghel - Director
- Alka Chandrakar - Director
- Sudershan Mendiratta - Nominee Director
The GSTIN of MSTC is 19AACCM0021E1Z4, registered in West Bengal. The company has 62 GST registrations in all, of which 52 are active and 10 are cancelled or inactive. Other active GSTINs include 19AACCM0021E2Z3 (West Bengal), 19AACCM0021E1CF (West Bengal), 19AACCM0021E2CE (West Bengal).
The CIN (Corporate Identification Number) of MSTC is L27320WB1964GOI026211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. MSTC is listed on both BSE (code: 542597) and NSE (symbol: MSTCLTD).
MSTC has 1,474 court cases on record: 393 filed by the company and 491 filed against it. 292 are pending. Most are in the high courts.
MSTC was incorporated on 09 September 1964, making it 62+ years old. It is registered with the Registrar of Companies, Kolkata.
MSTC has 29 deals on record (28 market trades, 1 ipo); the latest was in June 2026.
The peers of MSTC by revenue are Sendoz Commercials Private Limited, Swastik Energy and Mineral Beneficiation Private Limited, Ahsb Steel Private Limited, Tirupati Structures (India) Private Limited, Sanjivani Non Ferrous Trading Private Limited and 5 more, all in the Metals and Minerals industry (Materials Retail and Distribution, Online Service Providers).
Sudershan Mendiratta was appointed as Nominee Director on 12 Jun 2025. Ashwini Kumar ceased to be Nominee Director on 11 Jun 2025. Vinod Kumar Tripathi ceased to be Nominee Director on 11 Jun 2025. MSTC has 85 board changes on record in total.
MSTC has 5 MSME Form 1 returns on record between 2019 and 2022, listing 10 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Apr 2022.