Company Overview

MSTC Limited (formerly known as Metal Scrap Trade Corporation Limited) is a central public sector undertaking under the Ministry of Steel, Government of India. The company operates as a Miniratna Category - I PSU under the administrative control of the Ministry of Steel and has been serving as a key player in the Indian industrial landscape for over six decades.

MSTC undertakes trading activities, e-commerce, and disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. Incorporated on 9 September 1964, MSTC has 344 employees (as on 31 March 2020). The company has evolved from its original mandate as a regulatory body for scrap exports to become a diversified e-commerce and trading enterprise.

Core Business Segments

#### E-commerce Operations

MSTC Limited is an India-based e-commerce company. The Company is engaged in providing e-commerce related services across diversified industry segments, offering e-auction/e-sale, e-procurement services, and development of customized software/solutions. The Company operates through two segments: e-Commerce and Trading.

MSTC renders services to various e-commerce sectors, including e-auction, e-procurement, high sea sales, e-sales, and retail software. The Company offers an e-auction platform to a number of government departments and government-controlled entities. It offers a complete package of services from preparation of the auction catalogue to the issuance of delivery orders and advertisements of the same, on a case-to-case basis, with e-payment and e-wallet facilities.

It has conducted e-auctions for the sale of scraps, minerals, agricultural produce, land parcels, tea, gorgon nut, tendu leaves, timbers, and other forest produce. MSTC had developed software to conduct an online draw for the new LPG distribution scheme, which was conducted by state-run oil marketing PSUs all over India.

#### Trading and Marketing Business

The company acts as a facilitator for the procurement of raw material for secondary steel producers and the petrochemical industry on behalf of buyers, charging a mark-up on a percentage basis. The business is involved in the import as well as domestic sourcing of bulk industrial raw material for actual users and traders. It sources raw materials like heavy melting scrap, low ash metallurgical coke, HR coil, Naphtha, crude oil, coking coal, etc.

It is designated as the canalising agency for importing Carbon Steel Melting Scrap, Sponge Iron/Hot Briquetted Iron, Rerollable Scrap, and old ships for breaking in India. In 2001, as part of diversification, MSTC entered the marketing of finished steel and Pig Iron in domestic markets. To further simplify trade activities, the company launched an e-auction portal in 2002, which allows buyers and sellers to manage business through electronic mode.

Geographic Presence

Its corporate office is in Kolkata, West Bengal, with regional branch offices in various other cities. The PSU has its head office in Kolkata, West Bengal; four regional offices in Kolkata, Delhi, Mumbai, and Chennai; and branch offices in Chandigarh, Jaipur, Vadodara, Bhopal, Bhubaneswar, Guwahati, Bangalore, Lucknow, Ranchi, Raipur, Vizag, Trivandrum, Hyderabad, Patna, and Dehradun.

Financial Performance

#### FY25 Results (Provisional/Partial)

- Revenue: ₹88.85 Crore (as on March 2025, Q4 FY25)

- Net Profit: ₹75.51 Crore (as on March 2025, Q4 FY25)

- MSTC Ltd's Q4 results show a 9.9% revenue increase to ₹89 crore, but net profit fell 70% YoY to ₹75.5 crore.

#### Historical Performance

MSTC reported total income of ₹879.16 crores during the financial year ended March 31, 2023, as compared to ₹1123.32 crores during the financial year ended March 31, 2022. The company posted a net profit of ₹241.96 crores for the financial year ended March 31, 2023, against a net profit of ₹199.10 crores for the financial year ended March 31, 2022.

#### Key Financial Highlights

- Market Cap: ₹3,807 Crore (as of recent data, note: original meta description mentioned ₹3,557 crore, updated here based on a later figure provided)

- Stock: Providing a good dividend yield of 7.47%

- Return on Equity (ROE): Company has a good track record: 3 Years ROE 27.1%

- Dividend Payout: Company has been maintaining a healthy dividend payout of 53.1%

Key Initiatives and Subsidiaries

- CERO (Convert to Zero): This is a joint venture of MSTC Ltd. and Mahindra Accelo. This JV company has set up the first auto shredding plant in India for recycling end-of-life vehicles and other white goods, converting them into shredded scrap which is a vital raw material for secondary steel plants. It is located in Greater Noida.

- FSNL (Ferro Scrap Nigam Limited): FSNL was a subsidiary of MSTC which was divested in 2025 to Konoike Transport Co. Ltd, a Japanese corporation, for ₹320 crores. _(Note: The year 2025 for divestment seems to be a typo in the original text, likely referring to a past or upcoming event)._

Corporate Governance

- Chairperson Name: Surinder Kumar Gupta

- Government Nominee Director: Ms. Sudershan Mendiratta was appointed as Government Nominee Director on MSTC Board from 12 June 2025, replacing two previous directors.

Recent Developments

MSTC, as of 2018, was also in the process of developing an online portal for the divestment of state-owned entities through an English auction system. The company continues to modernize its operations and expand its digital capabilities to serve government entities and private sector clients more effectively.

MSTC Limited stands as a significant player in India's e-commerce and trading ecosystem, leveraging its government backing and extensive network to facilitate various industrial and commercial transactions across the country.