MSTC Ltd
BSE:542597
MSTC Ltd
MSTC Ltd. engages in the export of scrap. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2019-03-29. The firm is engaged in providing e-commerce related services. Its segments include Marketing and E-commerce. The company offers e-auction/e-sale, e-procurement services and development of customized software solutions. The firm is offering an e-auction platform to Government departments and Government controlled entities. The company also offers a range of services from preparation of the auction catalog to the issuance of delivery orders and advertisements. The company has created an e-auction portal for the government of Uttar Pradesh for the allocation of sand mining blocks. The firm offers end-to-end platform solutions for e-procurement starting from raising of indents to issuance of letter of intent/purchase order for both e-tender and e-reverse auctions. The company provides e-tender and e-reverse auction services for procurement of a range of products, including raw materials, industry supplies, coal, electricity and store items.
MSTC Ltd. engages in the export of scrap. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2019-03-29. The firm is engaged in providing e-commerce related services. Its segments include Marketing and E-commerce. The company offers e-auction/e-sale, e-procurement services and development of customized software solutions. The firm is offering an e-auction platform to Government departments and Government controlled entities. The company also offers a range of services from preparation of the auction catalog to the issuance of delivery orders and advertisements. The company has created an e-auction portal for the government of Uttar Pradesh for the allocation of sand mining blocks. The firm offers end-to-end platform solutions for e-procurement starting from raising of indents to issuance of letter of intent/purchase order for both e-tender and e-reverse auctions. The company provides e-tender and e-reverse auction services for procurement of a range of products, including raw materials, industry supplies, coal, electricity and store items.
Revenue Growth: MSTC reported nearly double-digit growth in total revenue and EBITDA for the 9-month period, with revenue from operations up 12.95% year-on-year.
Profit Excluding Exceptionals: PAT (excluding last year's exceptional FSNL disinvestment income) grew by about 10% to 11%.
E-commerce Momentum: E-commerce remains the main growth driver, with segment revenue up 9.26% and optimism for further acceleration as new platforms launch.
New Platforms: The CPCB EPR trading exchange is expected to launch soon and contribute significantly to growth in the next fiscal year, especially after initial stabilization.
Steady Dividend Policy: Dividend payout remains at least 30% of PAT or 4% of net worth, whichever is higher, in line with government policy.
Cost Trends: Operating expenses and employee costs increased, but a large part of the recent jump in employee expense was due to a one-time service cost adjustment.
JV Progress: Joint venture MMRPL continues to reduce its net loss sequentially, with management optimistic about reaching profitability.
