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    MSTC

    Govt-owned CPSE running India's e-auction & e-procurement platforms for coal, minerals, scrap and PSU assets.

    Services
    Services
    View MSTCLTD earnings calls
    ₹692.75
    +46.24% from avg

    Overview

    Price

    ₹692.75

    Market Cap

    ₹4.2k Cr

    Sector

    Services

    Services

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital7070707070707070
    Reserves404488584716577668760834
    Borrowings259154150145145145145145
    Other Liabilities1.5k1.5k1.2k1.8k1.0k1.2k1.0k962
    Total Liabilities2.2k2.2k2.0k2.7k1.8k2.1k2.0k2.0k
    AssetsFixed Assets96891421416865207206
    CWIP2952000000
    Investments1114211928121312
    Other Assets2.1k2.1k1.9k2.5k1.7k2.0k1.8k1.8k
    Total Assets2.2k2.2k2.0k2.7k1.8k2.1k2.0k2.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating101222681170844-283260-28
    Cash from Investing6025511-72-551-272165257
    Cash from Financing-217-233-107-98-119-96-289-54
    SummaryCapital Expenditure
    Free Cash Flow67187647148811-390236-50
    FCF Margin

    Valuation

    Assumptions

    Current — MSTCLTD
    Price
    ₹693
    EPS (TTM)
    ₹31.03
    PE (TTM)
    22.3
    Profit growth
    9.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (21.7×) and current (22.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹693
    vs
    Fair value · 15% return
    ₹457
    34%Overvalued

    At 9.3% growth and a 22× exit, ₹693 only delivers your return if you pay ₹457. The price is currently baking in 18% growth.

    EPS grows 9.3%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY279.3%33.92
    FY289.3%37.07
    FY299.3%40.52
    FY309.3%44.29
    FY319.3%48.40
    FY327.7% ·fade52.11
    FY336.0% ·fade55.23

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse MSTC

    Guides on how to read this kind of business and the numbers that matter.