MSTC Share Price

MSTC provides e-procurement and other platform development and maintenance solution. The trading division handles domestic trade of mainly bulk industrial raw material. It looks after sourcing, purchase and sales of industrial raw materials like Heavy Melting Scrap, Low Ash Metallurgical Coke, HR Coil, Crude Oil, Naptha, Coking Coal, Steam Coal etc. for supply to Indian industries in steel, infrastructure, power sector etc. MSTC share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries. 

The MSTC Limited stock price is influenced by various factors such as earnings, revenue growth from its diverse business verticals, asset monetization through auctions, and government policies related to public sector unit transactions. In the longer run, strategies such as digital platform expansion, growth in new business segments like renewable energy, and strategic partnerships affect stock market sentiments. All these factors need to be monitored closely to have an idea about MSTC Limited stock price movements. 

MSTC live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of MSTC live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the MSTC share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook. 

MSTC Limited Company Fundamentals

MSTC Company Background 

MSTC Limited is a listed, Schedule-B, Mini Ratna Category-I Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Steel, Government of India, with 64.75% government ownership. Incorporated on September 9, 1964, in Kolkata as Metal Scrap Trade Corporation Limited, it was renamed MSTC Limited in 1994. Initially focused on ferrous scrap exports, MSTC became a subsidiary of SAIL in 1974 and served as a canalizing agent for the government’s scrap imports. Post-1992 decanalization, the company diversified into auctions and tenders for industrial scrap and surplus materials. In 2002, it launched its e-Auction platform, entering the B2B e-commerce sector, and later expanded into recycling through a joint venture with Mahindra Accelo Limited, establishing the country’s first Registered Vehicle Scrapping Facility. Today, MSTC operates across three verticals: e-Commerce, Trading, and Recycling. It provides comprehensive e-commerce services, including e-auctions, e-sales, e-procurement, and customized software solutions, serving sectors such as power, telecom, mining, forestry, agriculture, coal, and EXIM. With over 4 lakh auctions and more than 3.25 lakh users, MSTC has emerged as a trusted partner for government and private clients, offering end-to-end digital solutions and advanced e-Bidding modules. 

MSTC Company Product Lines 

MSTC Limited’s core offerings span digital and physical services in e-commerce, trading, and recycling: 

• E-Commerce Platforms & Digital Services: 
  • Eauctions (scrap, surplus materials, real estate, coal, minerals) 
  • Esales and etenders 
  • Eprocurement solutions (goods, services, works) 
  • Customized software and portal development (e.g., online draw systems, bidding tools)  
• Trading & Sales: 
  • Disposal or trading of industrial materials like scrap, minerals, agricultural and forest produce (legacy business)  
• Recycling & Environment Services: 
  • Vehicle scrapping and recycling via Mahindra MSTC Recycling Private Limited (MMRPL) 
  • Processing endoflife vehicles and white goods to provide shredded scrap for steel producers  
• Specialised Solutions: 
  • Sectorspecific eservices (power procurement, telecom spectrum auction portals, EXIM trading portals, government subsidy allocations) 

MSTC Company Revenue Model 

MSTC’s revenue is generated through a diversified mix of feebased and servicebased income streams: 

• Service Charges & Fees: 
  • Charges from principals (government or PSU clients) for conducting eauctions, esales, and eprocurement on contracted terms. 
  • Bidder registration fees (onetime or casetocase) and platform charges for participation in auctions.  
• Trading Related Income: 
  • Margin or service income from trading physical industrial commodities (historically significant, though reducing as ecommerce grows).  
• Software & Customized Solutions: 
  • Fees from bespoke software and digital services developed for government departments and corporate clients.  
• RecyclingRelated Earnings: 
  • Revenue shares and potential value recovery from MMRPL’s vehicle scrapping and recycling operations 

MSTC Geographic Presence 

MSTC operates primarily across India with a broad physical and digital footprint: 

• Headquarters & Corporate Offices: 
  • Registered Office in Kolkata, West Bengal 
  • Corporate Office in New Delhi  
• Regional Offices: 
  • Delhi, Mumbai, Kolkata, and Chennai  
• Branch and Site Offices: 
  • ~15+ branch offices and one site office across major Indian cities and states, including (but not limited to): 
  • Bhubaneswar (Odisha), Lucknow (UP), Hyderabad (Telangana), Ranchi (Jharkhand), Bhopal (MP), Patna (Bihar), Guwahati (Assam), Thiruvananthapuram (Kerala), Jaipur (Rajasthan), Vadodara (Gujarat), Nagpur (Maharashtra)  
• Digital Reach: 
  • Nationwide digital ecommerce presence via MSTC’s eAuction and eProcurement platforms, making its services accessible to buyers and sellers across the country 

MSTC Leadership  

Some of key leaders of MSTC Limited as of January 2026 are 

• Manobendra Ghoshal – Chairman & Managing Director (overall leadership & strategy)  
• Subrata Sarkar – Director (Finance) & Chief Financial Officer  
• Bhanu Kumar – Director (Commercial)  
• Ajay Kumar Rai – Company Secretary & Compliance Officer  
• Sudershan Mendiratta – Government Nominee Director  
• Ramesh Kumar Soni – Independent Director  
• Alka Chandrakar – Independent Director  
• Chandra Shekhar Baghel – Independent Director 

MSTC Key Milestones 

• 1964: Incorporated as Metal Scrap Trade Corporation Limited on 9 September, Kolkata. 
• 1965: Received Certificate of Commencement of Business on 12 April. 
• 1973: Became subsidiary of SAIL on 22 August as canalizing agent for GOI’s metal scrap imports. 
• 1982: Became an independent Government of India company on 21 May. 
• 1992: Decanalisation of metal scrap; diversified business into multi-product, multi-functional operations. 
• 1994: Renamed MSTC Limited; new certificate of incorporation issued on 9 November. 
• 2001: Accorded Mini Ratna Category-II status. 
• 2002: Acquired Ferro Scrap Nigam Limited, making it a wholly owned subsidiary. 
• 2004: Commenced e-auctioning of coal. 
• 2010: Started e-auction of tea. 
• 2011: Started e-auction of human hair. 
• 2012: Began e-auction of iron ore in Karnataka; e-auction of chrome ore/concentrate for Odisha Mining Corporation. 
• 2014: Started e-auction of iron ore in Goa and red sander in Andhra Pradesh. 
• 2015: Commenced e-auction of coal mine blocks and subsidy disbursement for re-gasified LNG. 
• 2016: Entered JV with Mahindra Accelo Ltd to set up Auto Shredding Plant at Greater Noida. 
• 2019: Launched IPO raising Rs 211.04 Crores from public offering of 17,670,400 equity shares. 
• 2020: Second auto recycling plant in Chennai commenced operations (Feb). 
• 2023: Entered recycling sector through MMRPL; Greater Noida auto recycling plant operational. 
• 2024: Added RVSFs at Guwahati & Bengaluru; launched ELV auction portal; developed critical mineral block bidding portal; allotted 18 coal mine blocks & 77 major mineral blocks. 
• 2025 (FY25): 
  • FSNL transferred to new management on 21 Jan. 
  • Launched Steel Import Management System (SIMS 2.0) & Ministry of Steel website. 
  • Launched MSTC Realty Auction Portal (15 Jan). 
  • Launched e-auction platforms for timber (Chhattisgarh Forest Dept.) and EXIM petroleum trading. 
  • Signed agreement with Ministry of Mines for offshore mineral auctions; Tranche 1 offshore mineral block auction launched. 

Industry Perspective 

MSTC Limited operates within the B2B ecommerce and digital procurement industry, a rapidly expanding segment of the broader ecommerce ecosystem driven by digitisation of business and government transactions. In India, the overall ecommerce market was valued at around US$125 billion in 2024 and is projected to grow to US$345 billion by 2030, reflecting robust digital adoption across sectors. Within this, the B2B ecommerce market has grown from roughly US$5.6 billion in 2021 to about US$60 billion in 2025, and is forecast to reach US$200 billion by 2030, driven by increasing digitisation of supply chains, procurement, and industrial transactions at a CAGR of around 40–45 % over the period. The global B2B ecommerce landscape is also expanding rapidly, supported by digital procurement tools and increasing online order preferences among enterprises. This growth reflects broad trends such as rising internet penetration, mobile adoption, and demand for transparent, efficient digital trading platforms. MSTC’s digital auction and eprocurement services position it well to leverage this secular shift toward online B2B commerce and government procurement solutions.  

MSTC Limited stands to benefit significantly from India’s rapidly growing B2B ecommerce and digital procurement sector. Rising digital adoption, expanding online marketplaces, and increased government and industrial digitisation provide a large addressable market for its eauction and eprocurement solutions. With expertise in industrial scrap, minerals, and government assets, MSTC can capture greater market share, enhance transaction volumes, and strengthen its position as a leading digital B2B service provider. 

MSTC Limited Stock Market Presence: Listings & Index Representation 

MSTC Limited listed on the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange) on March 29, 2019, following its initial public offering. 

MSTC Limited is an established entity in the Indian stock market, listed on major exchanges such as NSE (MSTCLTD) and BSE (542597). Its inclusion in prominent indices like BSE 1000, BSE Next 250 Microcap, Nifty Microcap 250 Index, Nifty Total Market, S&P BSE MidSmallCap, S&P BSE Services, S&P BSE CPSE, S&P BSE SmallCap, and S&P BSE AllCap underscores the company’s significance in India’s trading and services sector. 

The MSTC Limited stock price is tracked by investors. Its inclusion in various indices reflects its market capitalisation and its role as a key platform for government and commercial e-auctions. Listing on NSE and BSE ensures liquidity, while its presence across multiple index categories highlights its position within the microcap and small-cap segments of the market. 

MSTC Limited Stock Performance and MSTC Share Price History 

The MSTC share price on NSE and BSE reflects its position as a specialized government-backed trading platform. Performance is driven by revenue from its e-auction platforms, growth in scrap and metal trading, expansion into new business lines, and government divestment activities. Investors compare the MSTC share price today with broader indices and sector peers to gauge relative performance. 

These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader market sentiment towards small-cap and public sector enterprises has also played a role in supporting the MSTC share price. In addition to operational and sector-led factors, corporate actions can also have a significant impact on MSTC share price movements short-term even when the company’s fundamentals remain strong. This shows how corporate actions can trigger short-term swings. 

While short-term movements reflect events and announcements, longer-term valuation trends are visible through the MSTC share price 52-week high and low, providing context beyond daily or weekly changes. The stock reached its highest recorded price of ₹1,020.27 in January 2024, indicating periods of strong investor optimism. Lows align with broader market corrections or sector-specific volatility. These levels capture impacts of policy changes, growth expectations, and earnings visibility, providing context for the stock’s historical performance. 

MSTC Limited’s stock performance reflects the trading behaviour of a specialized company operating within India’s trading and e-commerce sector. The company’s diversified service portfolio and strategic government linkages have shaped its MSTC share price history. Over time, the stock has shown significant volatility, marked by periods of sharp gains and phases of consolidation. 

The early years following its 2019 listing witnessed strong growth, with the MSTC Limited stock price increasing 27.43% in 2019 and 21.31% in 2020. The year 2021 saw a major surge of 90.74% in the MSTC share price, driven by strong earnings growth of 115.93% and increased market interest. This was followed by a moderate correction of -6.98% in 2022. The MSTC share price then delivered exceptional performance in 2023, rallying 128.34%, supported by a 127.57% increase in market capitalisation and strong quarterly returns, particularly a 55.79% gain in Q4. Recent years have seen consolidation, with the MSTC share price increasing 4.93% in 2024 but declining -17.90% in 2025 and -9.99% year-to-date in 2026, reflecting broader small-cap sector weakness. 

Over longer investment horizons, the MSTC Limited stock price has delivered substantial returns, including gains of 103.13% over five years and 48.93% over three years, despite recent pullbacks. These returns highlight the stock’s growth phases aligned with business expansion. The MSTC share price decrease in 2025 and 2026 coincided with negative quarterly returns, such as -25.08% in Q1 2025 and -11.59% in Q1 2026, and underperformance against the Nifty 50 over one year. 

MSTC Investor Relevance and Role in Portfolio 

MSTC Limited offers exposure to India’s specialized e-auction, trading, and renewable energy sectors. Its inclusion in indices like the Nifty Microcap 250 and various BSE small-cap indices underscores its relevance within the microcap segment. The company’s role as a key platform for government and industrial asset sales makes it a strategic holding for portfolios seeking niche public sector enterprise exposure. 

MSTC Limited equity is held by a mix of domestic and international institutional investors. Top institutional stakeholders include Jupiter Fund Management Plc, Valuequest India Moat Fund Limited, ValueQuest Capital LLP, Tree Line Advisors (Hong Kong) Ltd., Tree Line Asia Master Fund (Singapore) Pvt Ltd., The New India Assurance Company Limited, Texmaco Infrastructure & Holdings Limited, Investor Education and Protection Fund (IEPF), and Dimensional Fund Advisors LP. 

Prominent mutual fund holders include Jupiter India Fund, The Jupiter Global Fund – Jupiter India Select, DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity 2 Portfolio, DFA Investment Trust Company – Emerging Markets Small Cap Series, Motilal Oswal Mutual Fund – Motilal Oswal Nifty Microcap 250 Index Fund, WisdomTree Trust – WisdomTree India Earnings Fund, WisdomTree Trust – WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Issuer ICAV – WisdomTree Emerging Markets Equity Income UCITS ETF, SPDR S&P Emerging Markets Small Cap ETF, and Dimensional World ex U.S. Core Equity 2 ETF. 

Beyond fundamentals and ownership, MSTC Limited’s stock is monitored in the market where technical indicators provide additional insight into short-term momentum shifts in the MSTC Limited stock price. While primarily used for near-term trading, these tools can also help gauge market sentiment and potential volatility. 

MSTC Limited’s beta indicates higher volatility compared to the broader market. The long-term beta is 1.52. Across different periods, daily beta ranges from 2.15 for a one-month range to 1.66 for a three-month range. Weekly beta is 1.76 for a one-year range and 1.54 for a two-year range. The two-week two-year range beta is 1.61, while the monthly two-year range beta is 0.996. This range of beta values, especially those above 1.5, highlights the stock’s tendency to experience more pronounced price swings relative to market movements, reflecting its microcap characteristics and sector-specific sensitivities. 

MSTC Limited Sectoral Relevance and Peer Positioning 

MSTC Limited’s sector relevance stems from its dominant position as a government-backed e-auction platform for metals, scrap, coal, and asset sales, establishing it as a key player in India’s trading and e-commerce ecosystem. Peer comparisons with other companies in the diversified trading and services sector focus on platform scalability, revenue diversification, asset monetization capabilities, and strategic government contracts rather than short-term stock moves. These benchmarks help investors assess operational scale and market positioning within this niche segment. 

MSTC Limited’s sectoral importance is also reflected in financial and market metrics that demonstrate its scale, stability, and impact. 

MSTC P/E ratio demonstrates how the market values the company’s earnings. Historically volatile, the ratio was negative at -2.06 in 2019. It turned positive at 4.40 in 2020 before jumping to 15.10 in 2021. It then declined to 9.13 in 2022 and 6.47 in 2023. A significant surge to 35.5 occurred in 2024, before moderating to a TTM value of 8.02 as of January 2026. These shifts reflect changing market expectations about the company’s growth, profitability cycles, and the valuation of its specialized business model. 

Alongside valuation, MSTC EPS highlights operational performance. EPS was negative at -₹57.48 in 2019, turning positive to ₹16.74 in 2020. It rose to ₹20.06 in 2021 and saw significant growth to ₹34.08 in 2022 and ₹38.27 in 2023. A decrease to ₹25.72 occurred in 2024, with a subsequent TTM recovery to ₹54.28 in 2025. These trends correspond closely to the company’s earnings trajectory, auction volumes, and expansion into new business verticals. 

MSTC market cap underscores its position within the microcap segment. Market cap grew from ₹10.04 billion in 2019 to ₹23.15 billion in 2021, a 100.85% increase. After a dip to ₹20.72 billion in 2022, it surged to ₹47.16 billion in 2023 and ₹47.69 billion in 2024. It has since corrected to ₹35.93 billion in 2025 and ₹32.40 billion as of 2026. This history reflects the stock’s significant volatility and growth phases post-listing, influencing its index membership and investor profile. 

Finally, MSTC earnings trajectory demonstrates growth with variability. Earnings were ₹1.68 billion in 2019, dipping to ₹1.07 billion in 2020. A strong recovery followed, reaching ₹2.31 billion in 2021, ₹2.83 billion in 2022, and ₹3.14 billion in 2023. A major jump to ₹5.51 billion occurred in 2024, with TTM earnings at ₹5.21 billion in 2025. These trends reflect the company’s expanding scale in its core and new business segments, driving the fundamental basis for the MSTC share price. 

Summary 

MSTC Limited is a key player in India’s e-auction and trading sector. The MSTC share price is influenced by its financial performance, market position, and sector trends. Its inclusion in various indices highlights its role in the microcap segment. Investors monitor its price movements, financial metrics like P/E and EPS, and beta for insights. The company’s long-term earnings growth and specialized operations define its investment profile within the diversified trading and services industry.