Mstc Limited
NSE: MSTCLTDINE255X01014·ServicesMicrocap 250·www.mstcindia.co.in ↗·Mcap ₹5,297 Cr·Listed 2019
₹740.80▲ ₹2.75  (0.37%)
52W: ₹362 – ₹805 · Vol: 4.2L shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19
Revenue from operations94.211988.48577.488.981.171.91891991851881791971691751811961892282643111582091021942852674850
Other income23.831.618.317.316.223.215.121.31914719.423.520.835.814.293.914.22288.65.552007.13.62.636.59.812.16.10
Total expenses39.545.540.236.13436.534.434.31252381271311181201181941143591301882154521351681032102382334450
EBITDA57.7765151.545.654.548.840.470.9−32.264.662.266.581.955.9−13.971.7−15764.84655.2−13529.648.36.1−657.545.752.90
EBITDA margin61.3%63.9%57.6%60.6%59.0%61.3%60.1%56.1%37.4%-16.2%34.9%33.1%37.1%41.7%33.1%-8.0%39.7%-80.3%34.3%20.2%20.9%-43.4%18.7%23.1%6.0%-3.1%20.2%17.1%10.9%–
Finance costs00000000.10.10.40000000.10.10.10.91.51.51.51.62.65.46.888.60
Depreciation32.72.72.72.22.222.66.76.375.55.55.75.55.45.35.75.25.24.64.44.74.84.84.8443.90
Profit before tax78.510566.566.259.665.13375783.210877.180.281.811264.674.680.565.16845.554.159.630.445.51.320.456.54646.60
Tax20.427.614.11715.3−1284.91420.158.424.822.729.934.116.510.326.2−30.726.917.320.3−15.919.316.33.215.621.915.916.30
Net profit58.277.251.447.542.375.525156.461.948.45055.350.6774763.754.39641.328.333.675.811.128.8−2.84.733.929.329.10
Net margin61.8%65.0%58.1%55.9%54.7%85.0%309.1%78.4%32.7%24.3%27.0%29.5%28.3%39.2%27.9%36.4%30.1%49.0%21.9%12.4%12.7%24.4%7.1%13.7%-2.7%2.4%11.9%11.0%6.0%–
EPS (₹)8.2710.977.306.756.0110.7335.635.898.796.887.107.867.1910.936.689.047.7113.635.874.024.7710.771.584.08-0.390.674.824.174.130.00
Net profit YoY+37.5%+2.3%−79.5%−15.8%−31.6%+55.9%+402.0%+1.9%+22.3%−37.0%+6.2%−13.1%−6.8%−19.8%+13.9%+125.0%+61.8%+26.6%+270.6%−1.6%+1311.9%+1511.3%−67.1%−2.0%−109.5%–––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19
Revenue from operations3703117517218767801,2313,292
Other income83.476.521115824721464.648.3
Total expenses1561376145478918571,1273,575
EBITDA2241831611968.9−51150−210
EBITDA margin60.6%59.0%21.5%27.1%1.0%-6.5%12.2%-6.4%
Finance costs00.20.40.12.67.128.757.8
Depreciation10.49.124.221.820.818.716.614.7
Profit before tax297514347332233137169−235
Tax7410113687.233.822.969.769.7
Net profit21840720424219911397−307
Net margin59.1%130.9%27.2%33.6%22.7%14.5%7.9%-9.3%
EPS (₹)31.0357.8229.0334.3728.2916.0513.78-43.62
Net profit YoY−46.3%+99.2%−15.5%+21.5%+76.3%+16.4%+131.6%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow−27.8260−312886168
Investing cash flow257165−244−593−69.9
Financing cash flow−53.5−289−96.4−119−98.3
Capital expenditure22.324.613221.572.7
Free cash flow (CFO − capex)−50236−44486595.7

Net profit trend

annual, ₹ crore
FY21
₹113
FY22
₹199+76%
FY23
₹242+22%
FY24
₹204−16%
FY25
₹407+99%
FY26
₹218−46%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated13 Aug 2026PDF on NSE XBRL
Q1 FY27Standalone13 Aug 2026PDF on NSE XBRL
Q4 FY26Consolidated · audited29 May 2026PDF on NSE XBRL
Q4 FY26Standalone · audited29 May 2026PDF on NSE XBRL
Q3 FY26Consolidated11 Feb 2026PDF on NSE XBRL
Q3 FY26Standalone11 Feb 2026PDF on NSE XBRL
Q2 FY26Consolidated12 Nov 2025PDF on NSE XBRL
Q2 FY26Standalone12 Nov 2025PDF on NSE XBRL
Q1 FY26Consolidated13 Aug 2025PDF on NSE XBRL
Q1 FY26Standalone13 Aug 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 14.2×22.3×
P/B5Y avg 3.89×5.77×
ROEFY26, on average equity26.6%
Net margin59.1%
Debt / equity0.16×
Revenue CAGR (3Y)-20.0%
Profit CAGR (3Y)-3.4%
EPS (TTM)₹33.28
Market cap₹5,215 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.77×
vs 8-point avg 3.89× (+48%)
2.26× low3.89× avg6.59× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,011 Cr−5%
Net worth₹904 Cr+22%
Total borrowings₹145 Cr+0%
Cash & bank balances₹554 Cr+46%
Investments₹0 Cr
Inventories₹0 Cr
Trade receivables₹227 Cr−27%
Trade payables₹126 Cr+2%
Change vs the same date a year earlier.
Revenue mix FY26
E-commerce94.2%result ₹409 Cr
Marketing5.8%result ₹25.4 Cr
Segment revenue as reported, before inter-segment eliminations.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter64.7564.7564.7564.7564.7564.7564.7564.7564.7564.7564.7564.75
FII4.923.933.814.065.375.476.196.225.755.643.333.58
DII1.281.211.231.231.341.691.681.641.941.201.351.43
of which MF0.100.100.120.120.24–––––––
Retail22.8123.3123.0022.7221.4820.9020.2020.5120.1720.6423.2623.62
Other public6.246.807.217.247.067.197.186.887.397.777.316.62
87,424 shareholders · NSE shareholding pattern filings.