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

Digital India takes the front seat for MSTC with more transparency

November 19, 2020 / 03:00 PM IST
MSTC: Transformational journey from being a trading company to 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, (CMP: Rs 170; Market capitalization: Rs 1,198 crore) a government-owned entity (holding 64.75 percent stake) incorporated in 1964 is a category -1 Mini Ratna public sector undertaking under the administrative control of the Ministry of Steel. MSTC, which started off as a small canalized agency has transformed itself into a E-commerce player in the B2B (business to business) space. MSTC came out with an IPO in March 2019 at Rs 128 per share. The purpose of the IPO was...

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