MarketFriction

State Trading Corporation of India Ltd

NSE STCINDIA · BSE 512531 · Trading & Distributors
₹105.96 -2.91%
NSE close2026-10-01
52 week range97.04 - 150.00
Market cap₹644 Cr.
P/E13.3
Results 13-10 Price band 20% Delivery 71.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0.000.000.000.000.000.000.000.000.000.000.000.00
Expenses13.0910.9210.6912.4111.7610.0512.4713.7412.9510.3010.1311.71
Operating Profit-13.09-10.92-10.69-12.41-11.76-10.05-12.47-13.74-12.95-10.30-10.13-11.71
OPM %
Other Income18.5428.9324.5628.8139.693.1027.2327.8923.25632.2424.8525.64
Interest0.480.000.001.940.480.530.470.520.480.470.540.54
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax4.9718.0113.8714.4627.45-7.4814.2913.639.82621.4714.1813.39
Tax %1.01%0.00%-0.72%2.07%-0.04%0.00%88.80%76.82%0.00%1.52%-16.71%27.04%
Net Profit4.9218.0113.9814.1627.45-7.481.613.169.82612.0416.559.77
EPS in Rs0.823.002.332.364.58-1.250.270.531.64102.012.761.63
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales14,49410,6017,81410,8668,9032,9372500-1000
Expenses14,52610,7047,91810,9709,0263,0323425447474845
Operating Profit-32-103-104-104-123-95-93-54-48-47-48-45
OPM %-0.2%-1.0%-1.3%-1.0%-1.4%-3.2%-37%
Other Income239294129334-605460158510098706
Interest5686337218361567222222
Depreciation2116171715161600000
Profit before tax-381-457-712-623-899-114-50-41365148659
Tax %1%1%2%-1%-2%0%0%110%12%0%48%2%
Net Profit-386-462-729-618-883-114-50-87325125648
EPS in Rs-64.40-77.04-121.42-103.00-147.17-19.00-8.41-14.485.308.514.12108.03
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%%%
Compounded Profit Growth8%24%15%5%
Stock Price CAGR-2%1%-5%-17%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital606060606060606060606060
Reserves-1,883-2,345-3,076-3,692-4,573-4,687-4,733-4,815-4,762-4,693-4,663-4,008
Borrowings2,5192,8012,8522,9492,1811,9891,9871,9871,9871,9811,9811,175
Other Liabilities3,9794,3424,4535,1265,1405,1375,0485,0755,0635,0454,9834,986
Total Liabilities4,6764,8584,2904,4432,8082,4992,3612,3072,3472,3932,3612,213
Fixed Assets96495093491890488787100000
CWIP001200200000
Investments000000000000
Other Assets3,7103,9073,3553,5231,9031,6121,4882,3072,3472,3932,3612,213
Total Assets4,6764,8584,2904,4432,8082,4992,3612,3072,3472,3932,3612,213
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity24-153712071,371-449-1945-62-24-17152
Cash from Investing Activity262933362737614378195123-17
Cash from Financing Activity-93131-106-229-901-200-200-60-198
Net Cash Flow-437-214497-273-53122066-48-163
Free Cash Flow23-155702111,371-449-1955-62-23-17152
CFO/OP-100%140%-73%-191%-1,130%476%209%-9%130%95%366%-130%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days61919975521202-565,729
Inventory Days0020000-32
Days Payable182287825229
Cash Conversion Cycle43699267-3-3-27-565,761
Working Capital Days-65-110-176-155-225-688-8,147-2,956,918
ROCE %47%23%87%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%
FIIs0.00%0.00%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%
DIIs0.63%0.62%0.59%0.59%0.50%0.51%0.51%0.51%0.51%0.47%0.47%0.47%
Public9.36%9.39%9.36%9.42%9.51%9.50%9.50%9.48%9.51%9.54%9.53%9.49%
No. of Shareholders21,68122,08123,41123,98526,52026,99726,40826,54226,24325,84725,47225,261

Fundamentals

Market Cap₹ 644 Cr.
Current Price₹ 107
Stock P/E13.3
Book Value₹ -658
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)%
Compounded Profit Growth (TTM)5%
Consolidated figures.
Valuation
Market capRs 638 Cr
Enterprise valueRs 1,812 Cr
P/E (TTM)0.98x
Price to book-0.16x
EV / EBITDA2.74x
EV / EBIT2.74x
Price to cash flow12.33x
Earnings yield101.61%
P/E, 3-year average22.76x
P/B, 3-year average-0.16x
P/E, 5-year average19.48x
P/B, 5-year average-0.13x
Profitability
ROE-15.16%
ROA28.34%
ROE, 3-year average-5.60%
ROA, 3-year average10.51%
ROE, 5-year average-3.12%
ROA, 5-year average5.84%
Tax rate1.62%
Other income / net worth-17.88%
Growth
Profit growth (latest year)2518.91%
Profit CAGR, 3 years173.19%
Profit growth QoQ-40.97%
Profit growth YoY (latest quarter)209.18%
Per share
EPS (TTM)Rs 107.67
EPS (latest quarter)Rs 1.62
EPS, 3-year averageRs 6.32
EPS, 5-year averageRs 0.86
Book value per shareRs -655.77
Cash flow per shareRs 8.60
Free cash flow per shareRs 8.64
Efficiency
Inventory turnover0.00x
Creditor days229 days
Cash conversion cycle-565761 days
Working capital days-2956918 days
Leverage
Total debtRs 1,175 Cr
Cash and bankRs 0 Cr
Net debtRs 1,175 Cr
Debt to equity-0.30x
Net debt / EBITDA1.78x
Interest coverage325.56x
Current ratio (filing 2026-03-31)0.22x
Quick ratio (filing 2026-03-31)0.22x
Trade payables (filing 2026-03-31)Rs 1,100 Cr
Owners' fund to total sources-178.43%
Debt to assets53.10%
Cash flow
Cash from Operating Activity (latest year)Rs 52 Cr
Cash from Investing Activity (latest year)Rs -17 Cr
Cash from Financing Activity (latest year)Rs -198 Cr
Net Cash Flow (latest year)Rs -163 Cr
Free cash flow (latest year)Rs 52 Cr
FCFE (approx.: FCF + change in debt)Rs -754 Cr
Cash from ops / profit, 5 years-0.30x
Statement figures
Operating profit (latest quarter)Rs -12 Cr
Other income (TTM)Rs 706 Cr
EBITDA (TTM)Rs 661 Cr
PBDT (TTM)Rs 659 Cr
Profit before tax (TTM)Rs 659 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 648 Cr
Net profit (latest year)Rs 648 Cr
Net profit (latest quarter)Rs 10 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total income (latest year)Rs 706 Cr
Share capitalRs 60 Cr
ReservesRs -4,008 Cr
Shareholders' fundsRs -3,948 Cr
Total assetsRs 2,213 Cr
InvestmentsRs 0 Cr
ReceivablesRs 1,072 Cr
InventoryRs 0 Cr
Other liabilitiesRs 4,986 Cr
Shares outstanding (crore)6.02
Ownership
Promoter holding90.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 1.0 is at the 2th percentile of its own 3.4-year range (median 19.9, low 0.9, high 113.7).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSTCINDIANifty 50Difference
1 week-3.5%-2.8% -0.8 pts
1 month-8.4%-6.8% -1.6 pts
3 months-16.1%-7.6% -8.5 pts
6 months+8.3%+0.4% +7.9 pts
1 year-26.4%-9.9% -16.5 pts
2 years-42.2%-13.6% -28.7 pts
3 years-15.7%+14.2% -29.9 pts
5 years+4.0%+27.9% -23.9 pts

Red flags

F-score 5 of 6
seriousNegative equity Shareholders' equity is negative
explainWeak cash conversion Cash from operations was -20% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 27% of total assets in 2026
lookProfit leans on other income Other income was 107% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-09-28: The State Trading Corporation of India Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹0 Cr. Net profit ₹10 Cr +209.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-09-13Annual General Meeting
2022-09-21Annual General Meeting
2021-11-15 Annual General Meeting
2020-12-08 Annual General Meeting
2019-09-13 Annual General Meeting
2018-11-02 Adjourned Annual General Meeting
2018-09-17 Annual General Meeting
2017-09-15 Annual General Meeting
2016-09-20 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-19Annual General Meeting / Dividend - Rs 2/- Per Share
2012-09-20Annual General Meeting And Dividend Rs.2/- Per Share
2011-09-22Annual General Meeting/Dividend Rs 3 Per Share
2010-09-21Annual General Meeting And Dividend Rs.2.25 Per Share
2010-02-17Int Div-Rs.2.50 Per Share
2009-09-11Agm/Div-Rs.2.25 Per Share
2009-02-12Interim Dividend - 25%
2008-09-15Agm/Dividend - 30%
2008-03-19Bonus - 1:10.5000
2008-02-15Interim Dividend - 35%
2007-09-19Agm/Final Dividend-40%
2007-02-19Interim Dividend-20%
2006-09-12Agm/Dividend-35%
DateTypeWhat it says
2026-09-28Change in AuditorsChange in Auditors of the company.
2026-09-25General UpdatesGeneral Updates
2026-09-18General UpdatesGeneral Updates
2026-09-15Reply to Clarification- FinaThe Exchange had sought clarification from The State Trading Corporation of India Limited for the quarter ended 30-Jun-2026 with respect to Regulation...
2026-09-15General UpdatesGeneral Updates
2026-09-08Clarification - Financial ReThe Exchange has sought clarification from The State Trading Corporation of India Limited for the quarter ended 30-Jun-2026 with respect to Regulation...
2026-09-08General UpdatesGeneral Updates
2026-08-27General UpdatesGeneral Updates
2026-08-26General UpdatesGeneral Updates
2026-08-25Board meeting outcomeThe State Trading Corporation of India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-24General UpdatesGeneral Updates
2026-08-07Reasons for Delayed/Non-submReasons for Delayed/Non-submission of Financial Results
2026-08-06General UpdatesGeneral Updates
2026-07-06General UpdatesGeneral Updates
2026-07-03General UpdatesGeneral Updates
2026-07-03AppointmentAppointment of Shri Raghvendra Singh as Executive Director of the company w.e.f. Jun 29, 2026.
2026-06-12Disclosure under SEBI TakeovGovernment of India Ministry of Commerce & Industry  has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and E...
2026-06-08General UpdatesGeneral Updates
2026-06-08Change in ManagementChange in Management
2026-06-08General UpdatesGeneral Updates
2026-06-08Director changeChange in Director(s) of the company.
2026-06-04Reply to Clarification- FinaThe Exchange had sought clarification from The State Trading Corporation of India Limited for the quarter ended 31-Dec-2025 with respect to Regulation...
2026-06-04Director changeChange in Director(s) of the company.
2026-06-04General UpdatesGeneral Updates
2026-05-29Director changeChange in Director(s) of the company.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-30NCLTSTCI Finance Ltd Vs Natems Sugar Pvt Ltd Vs
2021-07-23NCLTMr. Debabrata Ray Choudhuri Vs. The State Trading Corporation of India Ltd. Vs
2021-03-25NCLTSTCI Finance Ltd. Vs Bohra Industries Ltd.
2021-03-16NCLATGursharan Singh. VS The State Trading Corporation of India Ltd. & Anr.
2021-02-23NCLTSTCI Finance Ltd. Vs Bohra Industries Ltd.
2021-02-19NCLATGursharan Singh. VS The State Trading Corporation of India Ltd. & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03