MMTC Limited (MMTC) AI Stock Analysis

• Market Cap: ₹94.74B
• Dividend Yield: N/A
• Average Volume (3M): 291.52K
• Price to Earnings (P/E): 42.9
• Beta (1Y): 1.85
• Revenue Growth: -17.88%
• EPS Growth: 7.14%
• Country: IN
• Employees: 361
• Sector: Services
• Sector Strength: N/A
• Industry: Conglomerates
• EPS (TTM): 1.14
• Shares Outstanding: 1,500,000,000
• 10 Day Avg. Volume: 343,328
• 30 Day Avg. Volume: 291,519
• PEG Ratio: -1.80
• Price to Book (P/B): 5.80
• Price to Sales (P/S): 3670.88
• P/FCF Ratio: -27.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ₹64.00 ▲(11.28% Upside)

The score is held back primarily by weak and volatile financial performance, especially inconsistent profitability and negative cash flow trends. Technicals provide some support due to price strength versus moving averages, but mixed momentum (negative MACD) and elevated valuation (high P/E with no dividend yield provided) limit the overall score.

Positive Factors

Diversified Revenue Streams

Diversification across commodities and sectors like metals, minerals, and retail sales of gold and silver provides resilience against sector-specific downturns.

Government Support

Being integral to government trade policies can provide MMTC with stable contracts and financial incentives, supporting long-term revenue stability.

Low Recent Leverage

Low leverage reduces financial risk and interest obligations, allowing MMTC to focus on operational improvements and strategic investments.

Negative Factors

Revenue Decline

Declining revenue and inconsistent profitability indicate challenges in maintaining market share and operational efficiency, affecting long-term growth.

Negative Cash Flow

Persistent negative cash flow suggests liquidity issues, limiting the company's ability to invest in growth opportunities and manage debt.

Volatile Margins

Volatile margins reflect operational inefficiencies and pricing pressures, which can undermine profitability and competitive positioning over time.

MMTC Limited Business Overview & Revenue Model

Company Description

MMTC Limited operates as a trading company in Asia, Europe, Africa, the Middle East, Latin America, and North America. It exports mineral products, such as chrome ore, chrome concentrate, manganese ore, bentonite, bentonite power, bauxite, feldspar, quartz, sandstone, granite, mica flakes, and other products. The company also imports and exports gold, silver, platinum, palladium, rough diamonds, emeralds, rubies, and other semi-precious stones; and manufactures gold and silver medallions. In addition, it imports and exports non-ferrous metals, such as copper, aluminum, zinc and lead ingots, tin ingots, nickel, briquettes, ferro nickel, etc.; minor metals comprising antimony, silicon, cobalt metal, silicon, magnesium, and mercury; brown and white fused alumina, calcined alumina and bauxite, noble metals, and ferro alloys; and aluminum, zinc, and other alloys. Further, the company trades in agro products, including wheat, rice, maize, soya bean meal, sugar, edible oil, and pulses; and imports and sells fertilizers and raw materials, such as urea, di-ammonium phosphate, mono-ammonium phosphate, powdered mono-ammonium phosphate, muriate of potash, complex fertilizers, sulphur and rock phosphate, and phosphoric acid. Additionally, it trades in coking coal; and engineering products, as well as operates a windmill project located at Gajendergarh in Karnataka. MMTC Limited was incorporated in 1963 and is based in New Delhi, India.

How the Company Makes Money

MMTC generates revenue through multiple streams, primarily from the import and export of commodities. The company acts as a trading intermediary, earning margins on the sale of metals, minerals, and agricultural products. Additionally, MMTC profits from its retail sales of gold and silver, which are significant revenue drivers. The company also earns income through its joint ventures and partnerships, including collaborations with other public sector undertakings and private entities. Furthermore, MMTC benefits from government contracts and initiatives that promote export, which can provide additional financial incentives and revenue opportunities.

MMTC Limited Financial Statement Overview

Summary

MMTC Limited's financial performance is weak, with significant volatility in revenue and profitability. The income statement shows negative trends in revenue growth and inconsistent profit margins. The balance sheet reflects instability with fluctuating equity ratios, and cash flow analysis indicates liquidity issues with negative free cash flow and operating cash flow.

Income Statement

The income statement reveals significant volatility in revenue and profitability. Recent periods show considerable revenue declines with erratic profit margins. Gross and net profit margins are inconsistent, with negative EBIT in several periods indicating operational challenges. The company's revenue growth rate is negative, highlighting a downward trend in sales performance.

Balance Sheet

The balance sheet indicates a mixed financial position with some strengths and weaknesses. The company has a low debt-to-equity ratio in recent periods, suggesting lower leverage risks. However, previous years showed high debt levels, which could have posed financial risks. The equity ratio is reasonable but fluctuating, reflecting balance sheet instability over time.

Cash Flow

Cash flow analysis presents concerns, particularly with negative free cash flow and operating cash flow in several periods, indicating liquidity issues. The operating cash flow to net income ratio is erratic, raising questions about cash generation from operations. Free cash flow growth is negative, suggesting challenges in maintaining positive cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	34.00M	26.90M	53.40M	35.28B	112.42B	299.73B
Gross Profit	30.40M	-1.14B	-1.34B	1.20B	5.74B	13.81B
EBITDA	1.30B	1.24B	817.80M	14.03B	3.19B	-9.05B
Net Income	982.00M	866.30M	1.92B	15.62B	-2.58B	-7.89B
Balance Sheet
Total Assets	0.00	34.78B	36.87B	36.78B	47.83B	54.74B
Cash, Cash Equivalents and Short-Term Investments	13.39B	14.31B	12.68B	12.87B	1.53B	1.65B
Total Debt	0.00	24.40M	1.59B	2.03B	26.26B	24.22B
Total Liabilities	-17.02B	17.76B	20.61B	22.66B	49.31B	53.74B
Stockholders Equity	17.02B	17.02B	16.26B	14.12B	-1.48B	997.40M
Cash Flow
Free Cash Flow	0.00	-3.63B	-3.53B	7.54B	-17.20M	17.03B
Operating Cash Flow	0.00	-3.63B	-3.53B	7.54B	-3.30M	17.04B
Investing Cash Flow	0.00	2.78B	1.98B	19.59B	29.00M	105.90M
Financing Cash Flow	0.00	-53.90M	-434.20M	-25.47B	-51.30M	-16.34B

MMTC Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 57.51
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MMTC, the sentiment is Negative. The current price of 57.51 is below the 20-day moving average (MA) of 61.74, below the 50-day MA of 62.09, and below the 200-day MA of 64.00, indicating a neutral trend. The MACD of 1.82 indicates Negative momentum. The RSI at 50.74 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MMTC.

MMTC Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IONEXCHANG	60 Neutral	₹51.97B	19.99	―	0.40%	11.56%	-2.78%
SBCL	60 Neutral	₹24.64B	28.35	―	0.67%	4.56%	8.11%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ITDC	53 Neutral	₹48.35B	66.93	―	0.50%	6.56%	4.21%
MMTC	48 Neutral	₹94.74B	42.88	―	―	-17.88%	7.14%
STCINDIA	48 Neutral	₹7.49B	105.25	―	―	―	―
MTNL	38 Underperform	₹21.67B	-0.61	―	―	-21.58%	-8.54%

MMTC Limited Corporate Events

MMTC Limited Reports on Physical Share Transfer Requests

MMTC Limited has announced the receipt of requests for the re-lodgement of transfer requests for physical shares, in compliance with a SEBI circular. This development, processed by MCS Share Transfer Agent Limited, indicates that no requests were received, processed, approved, or rejected during the specified period, highlighting a lack of activity in this area.