Moneycontrol PRO

MSTC: Transformational journey from being a trading company into an E-commerce player

Recovery in E-auction revenues is the key monitorable for MSTC

November 19, 2020 / 03:00 PM IST
MSTC: Transformational journey from being a trading company into an E-commerce player

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

MSTC, a government-owned entity (65 percent stake) (CMP: Rs 146, Market capitalization: Rs 1,031crore), is a category 1 Mini Ratna public sector undertaking. The results for the September 2020 quarter improved on the back of higher e-commerce activity. The management has guided for 10 percent revenue growth in the E-commerce segment going forward. However, once economic activity picks-up, we expect the growth rate to be higher. September 2020 quarter results analysis Revenues for the September quarter declined by 46 percent quarter...

  • PRO Panorama

    Moneycontrol Pro Panorama | Rate hike looming, heat is on retail investors

    May 26, 2022 / 06:26 PM IST

    In today’s edition of Moneycontrol Pro Panorama: A midcap in spotlight, warning for stock market, Modi’s three Ts in Tokyo, Start-Up Street and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | History lessons

    May 28, 2022 / 09:29 AM IST

    Why do investors turn to history when the chips are down, but ignore it resolutely during bull markets?

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers