The State Trading Corporation Of India Limited (STCINDIA)

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The State Trading Corporation Of India Limited (STCINDIA) · mywealthgrid

About

State Trading Corporation of India Limited is a state-owned trader in the industrials sector, with ₹700.2 Cr market cap and 90% government ownership. Though a trading business by definition, recent quarters record ₹0 revenue—likely reflecting data reporting, consolidated statements, or commission-based operations. Listed on NSE/BSE (BOTH).

Face value: ₹10

Market cap

₹636 Cr

P/E

31.0×

P/B

—

Dividend yield

ROE

—

ROCE

—

Debt / equity

—

OPM

—

EPS (TTM)

₹3.4

Book value

₹-658.0

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings volatility: net profit swung from -₹7.24 Cr (Sep 2024) to ₹16.58 Cr (Dec 2025)—verify what drives these 23 Cr swings and whether they reflect structural business improvement or trading noise
Revenue opacity: all recent quarters show ₹0 recorded revenue despite being a state trader—verify if this is consolidated/standalone reporting, commission model, or data quality issue
High valuation against uncertain fundamentals: PE of 34.16 with ROE, OPM, D/E all n/a and -1.66% 1-year return—verify what supports the multiple
Minimal institutional confidence: FII 0.04% and DII 0.47% suggest no professional investor backing—verify whether this reflects governance, information access, or market skepticism

Generated analysis · source review pending

Growth drivers

Profit recovery: net profit jumped to ₹16.58 Cr (Dec 2025) from -₹7.24 Cr (Sep 2024)—verify if this reflects commodity price stabilization, volume recovery, or one-time trading gains
EPS expansion: EPS rose from ₹0.27 (Dec 2024) to ₹2.76 (Dec 2025), a 10x increase—verify sustainability and whether this is operational or accounting-driven
Dormant dividend policy: no payouts since 2013 despite ₹700.2 Cr market cap and recent profits—resumed dividends could attract retail investors and support valuation

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹106.0-1%1Y

Quick read

rule-based

Pros

+Profit CAGR of 172.2% over the last 3 years
+Comfortable interest coverage of 25.2×
+High promoter holding of 90% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

70/100

Business quality: 100
Growth: 50
Valuation: 60

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,937	250	0	0	0	0	0
COGS	2,927	245	0	0	0	0	0
Gross profit	10	5	—	—	—	—	—
	105	98	54	48	47	48	45
	-95	-93	-54	-48	-47	-48	-45
OPM %	-3.3%	-37.1%	—	—	—	—	—
Depreciation	16	16	0	0	0	0	0
Interest	7	2	2	2	2	2	2
	4	60	15	85	100	98	706
Profit before tax	-114	-50	-41	36	51	48	659
Tax	0	0	45	4	0	23	18
Tax %	0%	0.4%	109.6%	11.7%	0.5%	48.3%	2.7%
	-114	-50	-87	32	51	25	641
PAT margin %	-3.9%	-20.2%	—	—	—	—	—
EPS (₹)	-18.9	-7.8	-13.5	8.7	12	5.1	109.1
EPS adjusted (₹)	-19	-8.4	-14.5	5.3	8.5	4.1	106.9
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	60	60	60	60	60	60	60	60	60
Reserves	-3,692	-4,573	-4,687	-4,733	-4,815	-4,762	-4,693	-4,663	-4,008
	2,798	2,209	1,989	1,987	1,987	1,987	1,981	1,981	1,175
	5,277	5,111	5,137	5,048	5,075	5,063	5,045	4,983	4,986
Total equity & liabilities	4,443	2,808	2,499	2,361	2,307	2,347	2,393	2,361	2,213
	605	596	584	574	0	0	0	0	0
CWIP	2	0	0	2	0	—	—	—	—
Investments	0	0	0	298	0	0	0	0	0
	3,836	2,211	1,915	1,488	2,307	2,347	2,393	2,361	2,213
Total assets	4,443	2,808	2,499	2,361	2,307	2,347	2,393	2,361	2,213

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Assets	Liabilities
DOMESTIC	0	0
EXPORT	92.73	106.08
IMPORT

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	0.3%	2%	—	—	—	—	—
EBITDA margin %	-3.3%	-37.1%	—	—	—	—	—
EBIT margin %	-3.8%	-43.5%	—	—	—	—	—
PAT margin %	-3.9%	-20.2%	—	—	—	—	—
Working capital
Receivable days	141	202	—	—	—	—	—
Inventory days	0	0	—	—	—	—	—
Payable days	—	229	—	—	—	—	—
NWC days	—	-27	—	—	—	—	—
Leverage
Current ratio	—	0.07	0.2	0.21	0.21	0.21	0.22
Debt to EBITDA	—	—	—	—	—	—	—
Debt to equity	-0.43	-0.43	-0.42	-0.42	-0.43	-0.43	-0.3
Interest coverage	-4.5	-26.4	16.2	19.4	25.2	38.3	25.2
Asset turnover	1.18	0.11	0	0	0	0	0
Return ratios
Return on assets %	-4.6%	-2.1%	-3.8%	1.4%	2.1%	1%	29%
Return on capital employed %	—	1.4%	-0.7%	-0.8%	-1.1%	-1.7%	-1.3%
Return on equity %	2.5%	1.1%	1.8%	-0.7%	-1.1%	-0.5%	-16.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	90%	90%	90%	90%	90%	90%	90%	90%	90%	90%	90%	90%
	0%	0%	0.06%	0%	0%	0%	0%	0%	0%	0%	0%	0.04%
	0.63%	0.62%	0.59%	0.59%	0.51%	0.51%	0.51%	0.51%	0.51%	0.47%	0.47%	0.47%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	9.37%	9.38%	9.35%	9.41%	9.49%	9.49%	9.49%	9.49%	9.49%	9.53%	9.53%	9.49%
No. of shareholders	—	—	—	—	—	—	—	—	26,243	25,847	25,472	25,261

Promoter holding up 0 percentage points since Sep 2023.

28 deals · 5 Sept 2023 – 26 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Dec 2025	ANKITA VISHAL SHAH	Bulk	NSE	Sell	3,23,460	₹144.88	₹4.69 Cr
26 Dec 2025	ANKITA VISHAL SHAH	Bulk	NSE	Buy	3,23,460	₹142.40	₹4.61 Cr
30 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,07,120	₹228.92	₹7.03 Cr
30 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,07,120	₹228.63	₹7.02 Cr
26 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,53,620	₹229.81	₹10.42 Cr
26 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,53,620	₹229.17	₹10.40 Cr
25 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,65,275	₹220.99	₹14.70 Cr
25 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,65,275	₹220.77	₹14.69 Cr
25 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	4,57,044	₹225.42	₹10.30 Cr
25 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	4,56,532	₹225.25	₹10.28 Cr

1–10 of 28

1 / 3

Mr. NITIN KUMAR YADAVExecutive Director-Chairperson
Mr. ASHWINI KUMAR MUNNILAL KASHYAPNon-Executive - Nominee Director
Ms. NIGAR FATIMA HUSAINNon-Executive - Nominee Director
Mr. RAGHVENDRA SINGHExecutive Director
Mr. Sura Srinivasa RaoChief Financial Officer
Mrs. Ritu BhatiaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in The State Trading Corporation Of India Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Oct 2026 · in 12 daysresults

10

Dividend dividend19 Sept 2013 · ex-date₹2
Dividend dividend20 Sept 2012 · ex-date₹2
Final dividend22 Sept 2011 · ex-date₹3
Final dividend21 Sept 2010 · ex-date₹2.25
Interim dividend17 Feb 2010 · ex-date₹2.5
Final dividend11 Sept 2009 · ex-date₹2.25
Interim dividend12 Feb 2009 · ex-date₹2.5
Final dividend15 Sept 2008 · ex-date₹3
Interim dividend15 Feb 2008 · ex-date₹3.5
Dividend dividend19 Sept 2007 · ex-date₹4

2

Board meeting to consider results13 Oct 2026
Board meeting to consider results25 Aug 2026

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

24 Aug 2026, 11:28 amBoard Meeting

Update on board meeting

Exchange filing PDF

11 Aug 2026, 2:01 pmBoard Meeting

Board Meeting Intimation for Intimation Of Board Meeting Scheduled To Be Held On August 25,2026

Exchange filing PDF

7 Aug 2026, 1:38 pmCompany Update

Intimation Under Regulation 33 Of SEBI(LODR) Regulations,2015 -Reason For Delay In Holding The Board Meeting For Approval Of Financial Results.

General PDF

6 Jul 2026, 2:42 pmCompany Update

Intimation On Receipt Of Request For Re-Lodgement Of Transfer Request Of Physical Shares As Per SEBI Circular Dated 30.01.2026

General PDF

3 Jul 2026, 1:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

3 Jul 2026, 1:41 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

3 Jul 2026, 11:55 amCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
24 Aug 2026, 11:28 am	Board Meeting	Update on board meeting	PDF
11 Aug 2026, 2:01 pm	Board Meeting	Board Meeting Intimation for Intimation Of Board Meeting Scheduled To Be Held On August 25,2026

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	0.3%	2%	—	—	—	—	—
EBITDA margin %	-3.3%	-37.1%	—	—	—	—	—
EBIT margin %	-3.8%	-43.5%	—	—	—	—	—
PAT margin %	-3.9%	-20.2%	—	—	—	—	—
Working capital
Receivable days	141	202	—	—	—	—	—
Inventory days	0	0	—	—	—	—	—
Payable days	—	229	—	—	—	—	—
NWC days	—	-27	—	—	—	—	—
Leverage
Current ratio	—	0.07	0.2	0.21	0.21	0.21	0.22
Debt to EBITDA	—	—	—	—	—	—	—
Debt to equity	-0.43	-0.43	-0.42	-0.42	-0.43	-0.43	-0.3
Interest coverage	-4.5	-26.4	16.2	19.4	25.2	38.3	25.2
Asset turnover	1.18	0.11	0	0	0	0	0
Return ratios
Return on assets %	-4.6%	-2.1%	-3.8%	1.4%	2.1%	1%	29%
Return on capital employed %	—	1.4%	-0.7%	-0.8%	-1.1%	-1.7%	-1.3%
Return on equity %	2.5%	1.1%	1.8%	-0.7%	-1.1%	-0.5%	-16.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Mmtc LimitedMMTCMMTC	₹8,444 Cr	₹8,444 Cr	₹3 Cr	₹-179 Cr	—	₹447 Cr	—	-0.5%	20.3%	-2,38,864
Mstc LimitedMSTCLTDMSTCLTD	₹4,969 Cr	₹5,114 Cr	₹386 Cr	₹236 Cr	60.6%	₹234 Cr	59.1%	34.9%	26.6%	-92
Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
Creative Newtech LimitedCNLCNL	₹1,619 Cr	₹1,943 Cr	₹2,783 Cr	₹99 Cr	3.2%	₹74 Cr	2.6%	29.2%	21.4%	75
Pervasive Commodities LtdPERVASIVEPERVASIVE	₹1,090 Cr	₹1,090 Cr	₹43 Cr	₹-0 Cr	-1.1%	₹-0 Cr	-0.1%	0%	-0.1%	548
RRP Defense LtdRRPDEFENSERRPDEFENSE	₹842 Cr	₹844 Cr	₹12 Cr	₹-1 Cr	-8.4%	₹-1 Cr	-8.2%	-13.7%	-13.7%	-15
The Yamuna Syndicate LtdYSLYSL	₹779 Cr	₹779 Cr	₹69 Cr	₹2 Cr	2.2%	₹52 Cr	75.3%	0.3%	4%	60
The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

₹ Cr	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-153	207	1,371	-449	-194	5	-63	-24	-171	52
	29	36	27	376	143	7	82	95	123	-17
	131	-229	-901	-200	-2	0	0	-6	0	-198
Net cash flow	7	14	497	-273	-53	12	19	66	-48	-163
Free cash flow	-155	206	1,370	-449	-196	5	-63	-24	-171	52
CFO / Operating profit %	—	—	—	—	—	—	—	—	—	—

The State Trading Corporation Of India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

10

2

Announcements

Not in the F&O segment

1

10

2

No fund holdings on record

Announcements

Annual reports

Segment results

Compounded profit growth

DOMESTIC · revenue

The State Trading Corporation Of India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Upcoming and recent1

Dividends10

Board meetings2

Announcements

Ratio timeline

Not in the F&O segment

Upcoming and recent1

Dividends10

Board meetings2

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded profit growth

DOMESTIC · revenue

1

10

2

1

10

2