State Trading Corporation of India Limited (STCINDIA) AI Stock Analysis

• Market Cap: ₹8.01B
• Dividend Yield: N/A
• Average Volume (3M): 3.26K
• Price to Earnings (P/E): 109.7
• Beta (1Y): 1.85
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 126
• Sector: Services
• Sector Strength: N/A
• Industry: Conglomerates
• EPS (TTM): N/A
• Shares Outstanding: 60,000,000
• 10 Day Avg. Volume: 1,724
• 30 Day Avg. Volume: 3,261
• PEG Ratio: -0.63
• Price to Book (P/B): -0.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹132.00 ▲(5.35% Upside)

The score is held down primarily by weak financial performance—negative equity, persistent operating losses, and poor operating cash flow—signaling high financial risk. Technicals are comparatively supportive with the price trading above major moving averages and moderately positive momentum, but valuation is unfavorable due to the very high P/E and lack of dividend support.

Positive Factors

Government Ownership

State ownership confers durable strategic access to government tenders, policy channels and institutional counterparties. Over 2–6 months this supports baseline transaction flow and credibility for trade finance, cushioning demand shocks relative to smaller private traders.

Diversified Trading Business Model

Multiple revenue mechanisms—trading margins, agency fees, tender/contract supply and trade services—provide structural optionality. If execution stabilizes, these recurring commercial roles can generate steady fee and spread income independent of single-commodity cycles.

Role in Procurement and Logistics

Embedded logistics, procurement and contract orchestration capabilities create a durable service moat for cross-border commodity flows. Institutional relationships with shippers, insurers and buyers enable repeat business and contract sourcing, underpinning medium-term revenue potential.

Negative Factors

Deeply Negative Equity

Persistent negative equity is a structural solvency red flag that undermines financial flexibility. It limits ability to raise unsecured funding, increases refinancing and covenant risk, and can force dilutive recapitalizations or state support to sustain operations over the medium term.

Weak Operating Cash Flow

Consistently negative operating cash flow indicates poor cash conversion and dependence on external financing or working-capital swings. This elevates liquidity risk, raises funding costs, and constrains reinvestment or scale-up unless underlying trade margins and collections improve.

Revenue Collapse and Negative EBIT

Near-zero reported revenue and persistent negative operating profits signal structural operating disruption or business model deterioration. Without sustainable top-line recovery and positive EBIT, reported net income remains low-quality and unlikely to support long-term cash generation.

State Trading Corporation of India Limited Business Overview & Revenue Model

Company Description

The State Trading Corporation of India Ltd. engages in the trading business worldwide. The company exports and imports various products, including rice, wheat, sugar, pulses, edible oils, fertilizers, coals, bullion, etc. It also offers hydrocarbons, metals, minerals, ores, and petro-chemicals products. The State Trading Corporation of India Ltd. was incorporated in 1956 and is based in New Delhi, India.

How the Company Makes Money

State Trading Corporation of India Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	2.47B
Gross Profit	0.00	0.00	-3.29M	-3.04M	-37.20M	9.32M
EBITDA	499.01M	499.01M	532.51M	92.46M	399.67M	-371.20M
Net Income	247.45M	247.45M	510.72M	317.88M	-868.49M	-504.47M
Balance Sheet
Total Assets	23.61B	23.61B	23.93B	23.47B	23.07B	23.61B
Cash, Cash Equivalents and Short-Term Investments	405.29M	405.29M	2.88B	2.22B	2.04B	1.92B
Total Debt	19.81B	19.81B	19.81B	19.87B	19.87B	19.87B
Total Liabilities	69.64B	69.64B	70.26B	70.50B	70.62B	70.34B
Stockholders Equity	-46.03B	-46.03B	-46.33B	-47.02B	-47.55B	-46.73B
Cash Flow
Free Cash Flow	0.00	0.00	-221.20M	-616.39M	47.40M	-1.96B
Operating Cash Flow	0.00	-1.54B	-221.20M	-616.39M	47.40M	-1.94B
Investing Cash Flow	0.00	1.06B	946.35M	814.33M	74.18M	1.43B
Financing Cash Flow	0.00	0.00	0.00	0.00	0.00	-20.79M

State Trading Corporation of India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHRADHA	63 Neutral	₹3.05B	10.72	―	1.09%	10.83%	-3.84%
ROHLTD	61 Neutral	₹10.91B	23.05	―	0.61%	10.77%	-4.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
STCINDIA	48 Neutral	₹8.01B	109.67	―	―	―	―
HEXATRADEX	46 Neutral	₹9.04B	42.15	―	―	-88.39%	―
SBGLP	46 Neutral	₹6.10B	29.19	―	0.27%	37.56%	77.10%
NDTV	45 Neutral	₹10.80B	-2.69	―	―	19.53%	-138.48%

State Trading Corporation of India Limited Corporate Events

State Trading Corporation of India Inducts New Government Nominee Director to Its Board

The State Trading Corporation of India Limited has announced a change in its board, with the appointment of Shri A K M Kashyap as an Additional Director in the capacity of Government Nominee Director, effective 15 December 2025, following approval by the existing directors through circulation on 24 December 2025. Nominated by the Ministry of Commerce and Industry, Kashyap brings extensive experience in quality assurance and commerce-related functions, and the company has confirmed he is not related to any existing directors and is not debarred from holding a directorship, underscoring regulatory compliance and reinforcing government oversight and continuity in STC’s governance structure.

State Trading Corporation of India Schedules Virtual 69th AGM on January 15, 2026

The State Trading Corporation of India Limited has notified stock exchanges that its 69th Annual General Meeting will be held on January 15, 2026, at 3:30 p.m. via video conferencing/other audio-visual means, with no physical venue, in line with Ministry of Corporate Affairs and SEBI circulars permitting virtual shareholder meetings. The company will distribute the AGM notice and annual report for the year ended March 31, 2025 exclusively by email to shareholders with registered addresses, enable participation and quorum through the VC/OAVM platform, and provide remote e-voting prior to the meeting as well as e-voting during the AGM through CDSL, while urging shareholders who have not done so to register their email IDs with the registrar or the company to ensure access to the meeting and voting arrangements.

State Trading Corporation of India Fined for Regulatory Non-Compliance

The State Trading Corporation of India Limited has been fined by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for failing to submit financial results for the quarter ending September 30, 2025. This non-compliance with SEBI regulations resulted in fines totaling INR 1,77,000 from each exchange, potentially impacting the company’s regulatory standing and stakeholder confidence.

State Trading Corporation of India Faces Regulatory Fine for Board Non-Compliance

The State Trading Corporation of India Limited has been fined by the National Stock Exchange of India Limited for non-compliance with several provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine, amounting to approximately 12 lakh INR, was imposed due to the company’s failure to have the requisite number of independent directors on its board for the quarter ending September 30, 2025. This non-compliance could impact the company’s governance standards and its standing with regulatory bodies.

STC India Faces Regulatory Fine for Board Non-Compliance

The State Trading Corporation of India Limited has been fined by BSE Limited for non-compliance with several provisions of the SEBI (LODR) Regulations, 2015, due to an insufficient number of independent directors on its board for the quarter ending September 30, 2025. The fine amounts to ₹12,05,960, including GST, highlighting governance challenges that could impact stakeholder confidence and regulatory compliance standing.

State Trading Corporation of India Appoints New Government Nominee Director

The State Trading Corporation of India Limited announced a change in its board of directors, with the appointment of Shri A K M Kashyap as a Government Nominee Director. This change is expected to impact the company’s governance structure, aligning it more closely with government directives and potentially influencing its strategic direction.

State Trading Corporation of India Granted Extension for AGM

The State Trading Corporation of India Limited has announced an extension for holding its Annual General Meeting (AGM) for the financial year 2025-26, as approved by the Ministry of Corporate Affairs. The extension, granted for three months due to difficulties faced by the company, underscores the importance of adhering to compliance timelines in the future. This extension may impact the company’s operational timelines and stakeholder engagements, emphasizing the need for improved compliance practices.