
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. It is a listed company as per MCA records. 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 2026, and its latest financial statements are for the year ended 31 March 2026. 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 1,525 cases involving the company, including 400 filed by the company and 1,125 filed against it; 295 cases are pending. The company has 29 deals on record (28 market trades, 1 ipo); the latest was in June 2026. 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.
Company details
CIN history
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 |
Contact details
MSTC Limited's registered office is in Kolkata, West Bengal. Its website is mstcindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of MSTC Limited, buy the company report.
- 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
Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of MSTC Limited, buy the company report.
Financials of MSTC Limited
FY 2025-26 filings availableMSTC 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 |
To see the full year-wise statements and ratios of MSTC Limited, buy the company report.
Board of directors of MSTC Limited
MSTC has 8 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 | 9 Years 0 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 |
| Manobendra Ghoshal Also directs: Mahindra MSTC Recycling Private Limited | Managing Director | 01 Jan 2024 | 2 Years 9 Months | Current |
| Siraiong Singpho | Director | 18 Jul 2026 | 0 Years 3 Months | Current |
Auditor
MSTC Limited is audited by S. GHOSE & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. GHOSE & CO LLP | FY 2023 | 302184E |
Shareholding
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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2008 | 10119549 | Standard Chartered Bank | ₹100 Cr | Open | |
| 16 Oct 1995 | 80012104 | Indian Overseas Bank | ₹984.5 Cr | Open | |
| 07 Aug 2018 | 100197938 | State Bank of India | ₹30 Cr | Satisfied | |
| 28 Mar 2018 | 100170284 | Indian Bank | ₹100 Cr | Satisfied | |
| 23 Dec 2015 | 10613940 | Others | ₹4,195 Cr | Satisfied |
To see the full charge records of MSTC Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
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 |
To see the full deal history of MSTC Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MSTC Limited has 1,525 court cases on record: 400 filed by MSTC, 1,125 filed against it. 295 cases are pending and 1,230 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,135 | 895 | 207 |
| District courts | 328 | 193 | 79 |
| Supreme Court | 38 | 24 | 1 |
| NCLAT | 22 | 13 | 8 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 1,525)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1303-Consumer Disputes and RERA : SLPs/Writ Petitions relating to the Real Estate (Regulation and Development) Act, 2016/disputes between builders and buyers – allotment, cancellation, fixation of price of flats/plots and return of deposits) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (4601-Tenders/licenses/leases : Tenders/licenses/leases invited by Union/ UT’s/ Central public sector undertakings, including cancellation/award of tenders.) | Filed against the company by Vedanta Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company by The State Trading Corporation of India Ltd | Pending |
| High Court of Jharkhand | Court case (C.M.P.) | Filed against the company by Fertilizer Corporation of India Ltd. (Sindri Unit) | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Evergreen Recyclekaro (India) Limited | Pending |
To see the full case history of MSTC Limited, buy the company report.
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.
Credit ratings & regulatory alerts
MSTC Limited was last rated by Acuite on 27 Apr 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 27 Apr 2026 |
To see the full credit ratings and regulatory alerts of MSTC Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of MSTC Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
MSTC Limited has a workforce of 168 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of MSTC Limited, buy the company report.
Recent activity
MSTC Limited has 87 board changes on record since 1997: 48 appointments and 39 cessations. The latest: Santosh was appointed as Nominee Director on 07 Aug 2026.
110 earlier events are in the company report.
News
Frequently asked questions
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 8 current directors:
- Manobendra Ghoshal - Managing Director
- Bhanu Kumar - Whole-Time Director
- Subrata Sarkar - Whole-Time Director
- Chandra Shekhar Baghel - Director
- Alka Chandrakar - Director
- Siraiong Singpho - Director
- Niwas Mandal - Director
- Santosh - Nominee Director
The latest financial statements of MSTC on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2026. Year-wise statements from 2015 are in the company report.
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 a listed company as per MCA records. Its shares are listed on both BSE (code: 542597) and NSE (symbol: MSTCLTD).
MSTC has 1,525 court cases on record: 400 filed by the company and 1,125 filed against it. 295 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.
Santosh was appointed as Nominee Director on 07 Aug 2026. Niwas Mandal was appointed as Director on 18 Jul 2026. Siraiong Singpho was appointed as Director on 18 Jul 2026. MSTC has 87 board changes on record in total.