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MSTC Ltd.

Retailinge-Commerce

www.mstcindia.co.in BSE: 542597NSE: MSTCLTD

₹726.00BSE4.66%

17 Sep, 4:01 PM

₹726.00

₹5.03K Cr

21.46

5.23

26.60%

₹730.35

₹693.65

₹804.00

₹362.00

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Price Performance

Peer Comparison

Name
ETERNAL ETERNAL	323.90	721.88	3,12,574.86	0.00	92.00	268.00%	20,211.00	182.00%	3.29
MEESHO MEESHO	207.20		95,855.29	0.00	-132.83	54.09%	3,712.81	48.28%	-41.16
NYKAA NYKAA	323.60	361.88	92,688.58	0.00	79.76	225.95%	2,782.00	29.10%	20.15
SWIGGY SWIGGY	276.50		76,322.67	0.00	-791.00	33.92%	6,812.00	37.31%	-27.59
INDIAMART INDIAMART	1,655.00	20.27	9,953.69	3.61	172.20	12.18%	414.40	11.37%	28.39
FIRSTCRY FIRSTCRY	168.75		8,810.28	0.00	-43.95	33.91%	2,106.23	13.08%	-0.20
SHIPROCKET SHIPROCKET	121.00		8,803.69	0.00	-13.71	23.95%	592.09	33.81%	-3.02
MSTC Ltd. MSTCLTD	726.00	21.46	5,027.62	2.20	58.22	37.50%	94.24	21.72%	30.28

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	81.93	69.05	71.92	81.14	88.85	77.43	85.01	88.43	118.80	94.24
Expenses	132.65	29.13	31.57	32.37	34.39	31.78	33.47	37.46	42.83	36.51
	-50.72	39.91	40.35	48.77	54.46	45.64	51.53	50.96	75.97	57.73
	-61.90%	57.81%	56.11%	60.11%	61.29%	58.95%	60.63%	57.63%	63.95%	61.26%
	121.13	16.96	19.41	290.54	12.82	16.23	17.30	18.28	31.57	23.76
Interest	0.41	0.09	0.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.19	2.31	2.65	1.98	2.15	2.25	2.67	2.75	2.70	2.96
	66.62	53.28	55.44	335.76	63.52	57.65	64.51	65.45	104.82	78.63
	72.50%	26.31%	25.25%	25.29%	-18.89%	26.55%	26.37%	21.52%	26.33%	25.95%
	18.32	39.26	41.45	250.85	75.52	42.34	47.50	51.37	77.22	58.22
	2.60	5.58	5.89	35.63	10.73	6.01	6.75	7.30	10.97	8.27

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	876.15	720.97	316.25	310.96	369.66
Operating Income (Net)	876.15	720.97	316.25	310.96	369.66
EXPENDITURE :
Raw Material Consumed	214.17	64.08
Power & Fuel Cost	1.29	1.39	1.35	1.22	1.39
Employee Cost	193.26	171.80	88.01	91.32	98.73
Operating Expenses	18.62	20.80	0.39	0.73	0.00
General and Administration Expenses	173.34	176.01	28.08	26.50	36.11
Selling and Distribution Expenses	1.09	1.61	1.63	0.79	1.36
Miscellaneous Expenses	265.30	89.65	107.58	6.75	8.70
	867.06	525.34	227.04	127.31	146.29
Operating Profit (Excl OI)	9.09	195.62	89.21	183.65	223.37
	247.18	158.20	203.04	76.54	84.29
	256.26	353.82	292.24	260.19	307.65
Interest	2.83	0.16	0.48	0.33	0.16
PBDT	253.44	353.67	291.76	259.86	307.49
	20.82	21.84	7.32	9.09	10.36
Profit Before Taxation & Exceptional Items	232.62	331.83	284.44	250.77	297.13
Exceptional Income / Expenses				263.19
	232.90	329.18	277.57	507.99	292.44
Provision for Tax	33.80	87.22	112.52	100.92	74.00
	199.10	241.96	165.04	407.07	218.43
Extra items				0.00	0.00
Consolidated Net Profit	199.10	241.96	165.04	407.07	218.43
Profit Balance B/F	-194.86	-98.77	16.85	80.51	171.85
Appropriations	4.24	143.19	181.90	487.58	390.29
Equity Dividend %	129.00%	150.00%	155.00%	405.00%	157.00%
	28.28	34.37	23.44	57.82	31.03
Adjusted EPS	28.28	34.37	23.44	57.82	31.03

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	70.40	70.40	70.40	70.40	70.40
Total Reserves	583.64	716.10	576.67	668.01	833.54
Reserve excluding Revaluation Reserve	583.64	716.10	576.67	668.01	833.54
	654.04	786.50	647.07	738.41	903.94
Deferred Tax Assets / Liabilities	-216.24	-178.58	-98.60	-97.83	-95.51
Other Long Term Liabilities	11.66	14.83	15.30	13.87	14.31
Long Term Provisions	578.19	607.43	505.98	568.13	605.80
Total Non-Current Liabilities	373.61	443.68	422.68	484.18	524.59
Trade Payables	208.74	158.50	117.87	123.11	126.16
Other Current Liabilities	830.08	1,423.21	874.83	1,080.99	803.97
Short Term Borrowings	145.00	145.00	145.00	145.00	145.00
Short Term Provisions	62.46	70.25	4.55	0.13	0.86
Total Current Liabilities	1,246.29	1,796.97	1,142.25	1,349.23	1,076.00
Total Liabilities	2,274.81	3,027.20	2,211.99	2,571.82	2,504.53
Gross Block	242.45	263.31	91.12	94.89	244.30
Less: Accumulated Depreciation	100.93	122.49	22.61	30.08	38.42
Net Block	141.52	140.82	68.50	64.81	205.88
Capital Work in Progress		0.08
Non Current Investments	20.64	19.39	28.31	11.56	11.88
Long Term Investment	20.64	19.39	28.31	11.56	11.88
Long Term Loans & Advances	566.86	615.20	717.56	768.47	681.36
Other Non Current Assets	76.91	35.28	0.33	1.91	0.74
Total Non-Current Assets	806.09	810.77	814.69	846.76	900.34
Inventories	5.91	5.15
Sundry Debtors	548.23	463.21	316.90	309.54	226.90
Cash and Bank	821.18	1,600.83	1,029.69	1,358.72	1,327.58
Other Current Assets	15.00	33.58	34.65	36.99	29.87
Short Term Loans and Advances	75.68	111.01	16.05	19.80	19.83
Total Current Assets	1,465.99	2,213.78	1,397.30	1,725.06	1,604.19
Net Current Assets (Including Current Investments)	219.70	416.81	255.05	375.83	528.19
Total Assets	2,274.81	3,027.20	2,211.99	2,571.82	2,504.53
Contingent Liabilities	272.70	274.98	306.52	395.03	559.48
Total Debt	149.50	145.00	145.00	145.00	145.00
	92.90	111.72	91.91	104.89	128.40
Adjusted Book Value	92.90	111.72	91.91	104.89	128.40

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	232.90	329.18	277.57	507.99	292.44
Adjustment	38.49	-49.83	-78.74	-358.32	-68.76
Changes In working Capital	-61.51	625.36	-421.03	179.46	-208.14
Cash Flow after changes in Working Capital	209.88	904.70	-222.20	329.13	15.54
Cash Flow from Operating Activities	170.12	844.25	-282.52	260.30	-27.79
Cash Flow from Investing Activities	-71.57	-551.00	-272.04	164.84	256.82
Cash Flow from Financing Activitie	-98.32	-118.64	-96.45	-289.23	-53.50
Net Cash Inflow / Outflow	0.23	174.61	-651.01	135.91	175.52
Opening Cash & Cash Equivalents	745.69	745.92	893.31	242.29	378.20
Closing Cash & Cash Equivalent	745.92	920.53	242.29	378.20	553.72

Ratios

Valuation

21.46

5.23

11.75

13.01

33.28

136.66

Profitability

26.60

30.28

8.61

60.43

59.09

Leverage & Liquidity

0.16

1.49

1,821.89

Returns

2.20

0.15

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	64.75	64.75	64.75	64.75	64.75	64.75	64.75	64.75	64.75
	7.69	7.85	7.84	7.16	6.71	5.29	5.04	5.14	6.20
	27.56	27.40	27.40	28.10	28.54	29.97	30.22	30.11	29.05
	35.25	35.25	35.25	35.25	35.25	35.25	35.25	35.25	35.25
No. of Shareholders	68,971	76,702	77,267	83,047	84,422	85,904	92,047	92,581	87,424

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-09-01	AGM
2026-07-31	Board Meeting	Quarterly Results
2026-05-29	Ex Dividend	Rs.8.1000 per share(81%)Final Dividend	2026-09-17	2026-09-17

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Retailinge-Commerce

MSTC Ltd. operates in the Retailing sector under the e-Commerce industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Ajay Kumar Rai

Company Secretary & Compliance Officer

—

Manobendra Ghoshal

Chairman & Managing Director

₹1.22 Cr

Mar '26

Chandra Shekhar

Non Executive Independent Director

—

Bhanu Kumar

Whole Time Director - Commercial

₹1.14 Cr

Mar '26

Subrata Sarkar

Whole Time Director - Finance & Chief Financial Officer

₹97.27 L

Mar '26

Alka Chandrakar

Non Executive Independent Director

₹2.60 L

Mar '26

Chandrashekhar Baghel

Non Executive Independent Director

₹2.80 L

Mar '26

Santosh

Government Nominee Director

—

Niwas Mandal

Non Executive Independent Director

—

Siraiong Singpho

Non Executive Independent Director

—

MSTCLTD Latest News

News

2 of 2 articles

EQUITY23 Jun 2026 · 16:01

MSTC informs about closure of trading window

EQUITY29 May 2026 · 18:25

MSTC reports Profit after tax of Rs 758.04 Mln, in the March 2026 quarter

MSTCLTD

₹726.00

+4.66%