State Trading Corporation of India Limited (IN:STCINDIA)
:STCINDIA
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State Trading Corporation of India Limited
(STCINDIA)
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Rating:44Neutral
Price Target:
₹111.00
▼(-11.41% Downside)
Action:ReiteratedDate:03/19/26
The score is primarily constrained by very weak financial performance (near-zero revenue, persistent negative EBIT, negative operating cash flow, and deeply negative equity with sizable debt). Technicals are mixed but lean bearish with the stock below key longer-term moving averages and a negative MACD, while valuation looks only moderately supportive given the underlying financial risk.
Positive Factors
Government ownership and mandate
State ownership and an explicit government trading mandate give STCINDIA durable institutional access to policy-driven trade flows, official tenders and counterparties. That structural positioning supports recurring contract opportunities and credibility in large-volume commodity transactions over months.
Negative Factors
Deeply negative shareholders' equity and leverage
Persistently negative equity combined with sizable debt creates structural solvency and refinancing risk. It limits borrowing capacity, increases funding costs, and constrains strategic flexibility—weakening the company's ability to sustain operations or invest without external recapitalization.
Read all positive and negative factors
Positive Factors
Negative Factors
Government ownership and mandate
State ownership and an explicit government trading mandate give STCINDIA durable institutional access to policy-driven trade flows, official tenders and counterparties. That structural positioning supports recurring contract opportunities and credibility in large-volume commodity transactions over months.
Read all positive factors
State Trading Corporation of India Limited (STCINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.26B
Dividend YieldN/A
Average Volume (3M)3.26K
Price to Earnings (P/E)11.6
Beta (1Y)1.88
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees126
SectorServices
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)2.76
Shares Outstanding60,000,000
10 Day Avg. Volume1,724
30 Day Avg. Volume3,261
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)-0.14
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 hydrocarbo...
How the Company Makes Money
STCINDIA makes money primarily through commodity trading activities, earning margins and fees by acting as (a) a principal in buy-sell transactions and/or (b) an intermediary/agent arranging import-export deals. Key revenue mechanisms include: (1)...
State Trading Corporation of India Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 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 | 186.04M | 499.01M | 532.51M | 92.46M | 399.67M | -371.20M |
| Net Income | 6.17B | 247.45M | 510.72M | 317.88M | -868.49M | -504.47M |
Balance Sheet | ||||||
| Total Assets | 21.81B | 23.61B | 23.93B | 23.47B | 23.07B | 23.61B |
| Cash, Cash Equivalents and Short-Term Investments | 23.72M | 405.29M | 2.88B | 2.22B | 2.04B | 1.92B |
| Total Debt | 11.77B | 19.81B | 19.81B | 19.87B | 19.87B | 19.87B |
| Total Liabilities | 61.62B | 69.64B | 70.26B | 70.50B | 70.62B | 70.34B |
| Stockholders Equity | -39.81B | -46.03B | -46.33B | -47.02B | -47.55B | -46.73B |
Cash Flow | ||||||
| Free Cash Flow | -552.99K | 0.00 | -221.20M | -616.39M | 47.40M | -1.96B |
| Operating Cash Flow | -552.99K | -1.54B | -221.20M | -616.39M | 47.40M | -1.94B |
| Investing Cash Flow | 440.02K | 1.06B | 946.35M | 814.33M | 74.18M | 1.43B |
| Financing Cash Flow | -2.00M | 0.00 | 0.00 | 0.00 | 0.00 | -20.79M |
State Trading Corporation of India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹8.53B | 31.71 | ― | 0.61% | 10.77% | -4.40% | |
59 Neutral | ₹2.49B | 14.41 | ― | 1.09% | 10.83% | -3.84% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
46 Neutral | ₹8.80B | -51.70 | ― | ― | -88.39% | ― | |
45 Neutral | ₹4.02B | 13.65 | ― | 0.27% | 37.56% | 77.10% | |
44 Neutral | ₹6.26B | 11.60 | ― | ― | ― | ― | |
41 Neutral | ₹7.92B | -2.37 | ― | ― | 19.53% | -138.48% |
* Services Sector Average
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-3.95%
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State Trading Corporation of India Limited Corporate Events
Exchange Seeks Clarification From STC India on Q3 FY2025 Results
Mar 11, 2026
The Exchange has requested clarification from State Trading Corporation of India Limited regarding its financial results for the quarter ended 31 December 2025 under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements. The co...
State Trading Corporation of India Inducts New Government Nominee Director
Jan 20, 2026
The State Trading Corporation of India Limited has announced a change in its board composition, following an order from the Department of Commerce, Ministry of Commerce and Industry. The government has appointed Asit Gopal, Special Secretary and F...
State Trading Corporation of India Inducts New Government Nominee Director to Its Board
Dec 24, 2025
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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