MSTC Ltd Share Price ₹569 | P/E 13.1

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of MSTC Ltd

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	169	197	179	81	185	199	69	72	81	89	77	85	88
Expenses +	114	116	114	33	123	232	30	33	34	36	34	35	39
Operating Profit	55	81	65	48	62	-33	39	39	47	53	44	50	50
OPM %	32%	41%	36%	60%	34%	-17%	56%	54%	58%	59%	56%	59%	56%
Other Income +	14	36	21	29	19	147	17	19	291	13	16	17	18
Interest	0	0	0	2	0	0	0	0	0	0	0	0	0
Depreciation	5	6	5	0	7	6	2	3	2	2	2	3	3
Profit before tax	64	111	81	75	75	107	53	55	336	64	58	65	65
Tax %	26%	31%	37%	26%	33%	55%	26%	25%	25%	-19%	27%	26%	22%
Net Profit +	47	77	51	55	50	48	39	41	251	76	42	48	51
EPS in Rs	6.68	10.93	7.19	7.86	7.10	6.88	5.58	5.89	35.63	10.73	6.01	6.75	7.30

Financials of MSTC Ltd

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	5,454	5,689	3,225	1,739	2,265	3,292	1,231	780	876	721	316	311	340
Expenses +	5,276	5,525	3,386	1,603	2,578	3,498	1,083	831	867	528	234	133	143
Operating Profit	178	164	-161	136	-313	-206	148	-51	9	193	82	178	196
OPM %	3%	3%	-5%	8%	-14%	-6%	12%	-7%	1%	27%	26%	57%	58%
Other Income +	-114	90	83	137	528	48	65	214	247	158	203	340	65
Interest	145	93	104	78	85	65	30	8	3	0	0	0	0
Depreciation	15	8	12	12	12	15	17	19	21	22	7	9	10
Profit before tax	-95	152	-194	183	117	-237	167	136	233	329	278	508	251
Tax %	-35%	32%	27%	24%	34%	29%	42%	17%	15%	26%	41%	20%
Net Profit +	-62	103	-247	139	77	-307	97	113	199	242	165	407	217
EPS in Rs	-70.48	117.51	-280.80	79.06	21.94	-43.62	13.78	16.05	28.28	34.37	23.44	57.82	30.79
Dividend Payout %	0%	18%	-7%	25%	34%	-17%	0%	27%	46%	44%	66%	70%

Financials of MSTC Ltd

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	9	9	9	18	35	70	70	70	70	70	70	70	70
Reserves	749	829	306	388	696	318	404	488	584	716	577	668	760
Borrowings +	873	1,106	653	688	766	615	259	154	150	145	145	145	145
Other Liabilities +	3,811	4,082	3,194	3,505	3,607	1,826	1,469	1,536	1,211	1,758	1,030	1,235	1,038
Total Liabilities	5,441	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	1,822	2,118	2,013
Fixed Assets +	68	73	62	66	69	83	96	89	142	141	68	65	207
CWIP	2	2	4	2	10	23	29	52	0	0	0	0	0
Investments	0	0	0	3	9	14	11	14	21	19	28	12	13
Other Assets +	5,371	5,951	4,096	4,529	5,015	2,708	2,065	2,093	1,853	2,529	1,725	2,042	1,794
Total Assets	5,441	6,026	4,162	4,600	5,104	2,829	2,201	2,249	2,015	2,690	1,822	2,118	2,013

Financials of MSTC Ltd

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-35	-150	116	-519	21	101	222	681	170	844	-283	260
Cash from Investing Activity +	86	72	68	377	84	60	255	11	-72	-551	-272	165
Cash from Financing Activity +	-184	233	-476	12	-94	-217	-233	-107	-98	-119	-96	-289
Net Cash Flow	-134	154	-292	-130	11	-56	245	585	0	175	-651	136
Free Cash Flow	-48	-165	112	-534	-3	67	187	647	148	811	-390	236
CFO/OP	25%	-41%	-100%	-342%	-22%	-73%	173%	-1,379%	2,309%	469%	-270%	185%

Financials of MSTC Ltd

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	257	266	292	726	642	207	434	416	228	235	366	363
Inventory Days	3	11	3	22	1	1	4	10	12	35
Days Payable	236	213	291	761	598	134	388	722	356	903
Cash Conversion Cycle	24	64	3	-13	45	74	50	-295	-116	-634	366	363
Working Capital Days	16	24	-50	-105	-35	-47	-38	-304	-249	-599	-894	-1,154
ROCE %		14%	-6%	25%	16%	-14%	23%	20%	31%	38%	32%	29%