MMTC
MMTC Limited
Government-controlled minerals and metals trading PSU, once India's canalising agency
Services›Services›Commercial Services & Supplies›Trading & Distributors
mmtclimited.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹56.49
Market cap
8,474 Cr
Stock P/E
18.9
P/B
4.00
ROE (FY26)
18.3%
ROCE (FY26)
30.1%
Operating margin (FY26)
-5477.7%
Debt / equity (FY26)
0.00
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
MMTC is an Indian listed trading company whose reported segments are precious metals, metals, minerals and ores, coal and hydrocarbon, agro products and fertilisers, but its revenue is now only a few crore rupees a year (₹3 crore in FY26).
Company snapshot
2ndBy market cap
Ranked among 23 companies in Trading & Distributors.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 100.0% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| a) Precious Metals | — | 0 Cr | 0 Cr | — |
| b) Metals | — | 0 Cr | 0 Cr | — |
| c) Minerals | — | 0 Cr | 0 Cr | — |
| d) Coal & Hydrocarbon | — | 0 Cr | 0 Cr | — |
| e) Agro Products | — | 0 Cr | 0 Cr | — |
| f) Fertilizers | — | 0 Cr | 0 Cr | — |
| g) Others | 100.0% | 2 Cr | 2 Cr | — |
What we see
Positives
- ✓Net margin of 11360.1% — the business keeps a healthy share of every rupee it earns.
Concerns
- ✗Interest coverage of -239.5x — earnings barely cover interest payments, which is a warning sign.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | -211 Cr | 0.73 Cr | 0.64 Cr | 0.65 Cr | 2 Cr | 0.25 Cr | 0.23 Cr | 1 Cr | 1 Cr | 0.34 Cr | 0.61 Cr | 0.68 Cr |
| Operating expenses (approx.) | -180 Cr | 37 Cr | 33 Cr | 51 Cr | 32 Cr | 31 Cr | 27 Cr | 24 Cr | 23 Cr | 23 Cr | 114 Cr | 21 Cr |
| EBITDA | -30 Cr | -36 Cr | -33 Cr | -51 Cr | -30 Cr | -31 Cr | -27 Cr | -23 Cr | -22 Cr | -23 Cr | -113 Cr | -20 Cr |
| OPM % | 562.0% | -4982.2% | -5123.4% | -7787.7% | -1938.5% | -12224.0% | -11843.5% | -1698.5% | -2004.5% | -6767.6% | -18606.6% | -2969.1% |
| Other income | 43 Cr | 63 Cr | 64 Cr | 138 Cr | 43 Cr | 35 Cr | 44 Cr | 70 Cr | 37 Cr | 34 Cr | 35 Cr | 145 Cr |
| Interest | 1 Cr | -0.99 Cr | 0.15 Cr | 0.10 Cr | 0.12 Cr | 0.55 Cr | 5 Cr | 0.22 Cr | 0.02 Cr | 0.31 Cr | 0.23 Cr | 0.05 Cr |
| Depreciation | 0.82 Cr | 0.98 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 0.97 Cr | 0.95 Cr | 2 Cr | 0.70 Cr |
| Profit before tax | 54 Cr | 59 Cr | 69 Cr | 43 Cr | 49 Cr | 7 Cr | 14 Cr | 53 Cr | 430 Cr | 46 Cr | 110 Cr | 135 Cr |
| Tax % | 2.7% | 5.7% | -1.2% | 24.5% | 2.5% | 49.3% | 84.6% | 17.2% | 60.2% | -1.2% | -14.7% | 22.8% |
| Net profit | 52 Cr | 56 Cr | 70 Cr | 33 Cr | 48 Cr | 4 Cr | 2 Cr | 44 Cr | 171 Cr | 46 Cr | 126 Cr | 104 Cr |
| EPS (₹) | ₹0.35 | ₹0.37 | ₹0.47 | ₹0.22 | ₹0.32 | ₹0.02 | ₹0.01 | ₹0.30 | ₹1.14 | ₹0.31 | ₹0.84 | ₹0.69 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,827 Cr | 16,451 Cr | 29,440 Cr | 26,305 Cr | 30,001 Cr | 11,796 Cr | 3,528 Cr | 5 Cr | 3 Cr | 3 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 11,854 Cr | 16,430 Cr | 29,258 Cr | 26,368 Cr | 30,047 Cr | 11,355 Cr | 3,636 Cr | 168 Cr | 141 Cr | 185 Cr | Sign in free for the trailing twelve months |
| EBITDA | -27 Cr | 21 Cr | 182 Cr | -63 Cr | -46 Cr | 441 Cr | -108 Cr | -163 Cr | -139 Cr | -182 Cr | Sign in free for the trailing twelve months |
| OPM % | -0.2% | 0.1% | 0.6% | -0.2% | -0.2% | 3.7% | -3.1% | -3043.8% | -5154.6% | -5327.0% | Sign in free for the trailing twelve months |
| Other income | 45 Cr | 46 Cr | 21 Cr | 36 Cr | 18 Cr | 18 Cr | 93 Cr | 199 Cr | 260 Cr | 177 Cr | Sign in free for the trailing twelve months |
| Interest | 21 Cr | 17 Cr | 67 Cr | 142 Cr | 202 Cr | 209 Cr | 121 Cr | 0.70 Cr | 5 Cr | 0.78 Cr | Sign in free for the trailing twelve months |
| Depreciation | 7 Cr | 5 Cr | 6 Cr | 7 Cr | 6 Cr | 5 Cr | 5 Cr | 4 Cr | 5 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -6 Cr | 48 Cr | 146 Cr | -273 Cr | -1,112 Cr | 101 Cr | 1,766 Cr | 200 Cr | 114 Cr | 639 Cr | Sign in free for the trailing twelve months |
| Tax % | -435.3% | 21.4% | 25.5% | -0.3% | 29.0% | 359.6% | 11.5% | 3.9% | 24.2% | 39.3% | Sign in free for the trailing twelve months |
| Net profit | -30 Cr | 38 Cr | 109 Cr | -274 Cr | -789 Cr | -262 Cr | 1,562 Cr | 192 Cr | 87 Cr | 387 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-0.30 | ₹0.38 | ₹0.72 | ₹-1.82 | ₹-5.26 | ₹-1.75 | ₹10.42 | ₹1.28 | ₹0.58 | ₹2.58 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 100 Cr | 100 Cr | 150 Cr | 150 Cr | 150 Cr | 150 Cr | 150 Cr | 150 Cr | 150 Cr | 150 Cr |
| Reserves | 1,101 Cr | 1,103 Cr | 1,339 Cr | 761 Cr | -50 Cr | -298 Cr | 1,262 Cr | 1,476 Cr | 1,552 Cr | 1,971 Cr |
| Borrowings | 440 Cr | 519 Cr | 922 Cr | 3,850 Cr | 2,418 Cr | 2,622 Cr | 196 Cr | 153 Cr | — | — |
| Other liabilities | 4,207 Cr | 3,450 Cr | 2,044 Cr | 1,677 Cr | 2,956 Cr | 2,310 Cr | 2,070 Cr | 1,908 Cr | 1,776 Cr | 675 Cr |
| Total liabilities | 5,848 Cr | 5,172 Cr | 4,455 Cr | 6,437 Cr | 5,474 Cr | 4,783 Cr | 3,678 Cr | 3,687 Cr | 3,478 Cr | 2,796 Cr |
| Fixed assets (net) | 51 Cr | 47 Cr | 44 Cr | 44 Cr | 38 Cr | 34 Cr | 30 Cr | 26 Cr | 22 Cr | 16 Cr |
| CWIP | 0.04 Cr | — | 0.28 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0.01 Cr | 0 Cr |
| Investments | 247 Cr | 128 Cr | 456 Cr | 111 Cr | 86 Cr | 106 Cr | 131 Cr | 279 Cr | 330 Cr | 536 Cr |
| Loans & advances | — | — | 2 Cr | 2 Cr | 1 Cr | 0.99 Cr | 0.52 Cr | 41 Cr | 41 Cr | 12 Cr |
| Inventories | 2,367 Cr | 1,711 Cr | 280 Cr | 218 Cr | 46 Cr | 30 Cr | 1 Cr | 0.36 Cr | 0.36 Cr | 0 Cr |
| Trade receivables | 509 Cr | 355 Cr | 278 Cr | 2,047 Cr | 834 Cr | 402 Cr | 405 Cr | 393 Cr | 119 Cr | 24 Cr |
| Cash & bank | 363 Cr | 51 Cr | 39 Cr | 75 Cr | 155 Cr | 152 Cr | 319 Cr | 121 Cr | 30 Cr | 3 Cr |
| Other assets | 2,312 Cr | 2,879 Cr | 3,355 Cr | 3,941 Cr | 4,314 Cr | 4,058 Cr | 2,792 Cr | 2,827 Cr | 2,937 Cr | 2,205 Cr |
| Total assets | 5,848 Cr | 5,172 Cr | 4,455 Cr | 6,437 Cr | 5,474 Cr | 4,783 Cr | 3,678 Cr | 3,687 Cr | 3,478 Cr | 2,796 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 273 Cr | -455 Cr | -367 Cr | -2,588 Cr | — | -0.33 Cr | 754 Cr | -353 Cr | -363 Cr | -605 Cr |
| Cash from investing | -68 Cr | 117 Cr | 9 Cr | -58 Cr | — | 3 Cr | 1,959 Cr | 198 Cr | 278 Cr | 579 Cr |
| Cash from financing | 110 Cr | 26 Cr | 339 Cr | 2,689 Cr | — | -5 Cr | -2,547 Cr | -43 Cr | -5 Cr | -0.78 Cr |
| Net cash flow | 315 Cr | -312 Cr | -19 Cr | 42 Cr | — | -3 Cr | 166 Cr | -198 Cr | -90 Cr | -27 Cr |
| Free cash flow (OCF − Capex) | 270 Cr | -456 Cr | -369 Cr | -2,595 Cr | — | -2 Cr | 754 Cr | -353 Cr | -363 Cr | -605 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 1.0% | 3.7% | 7.6% | -2.7% | -36.2% | 17.6% | 117.4% | 11.3% | 7.0% | 30.1% |
| ROE % | -2.5% | 3.1% | 5.9% | -30.1% | -791.3% | — | 110.7% | 11.8% | 5.1% | 18.3% |
| Debtor days | 16 | 8 | 3 | 28 | 10 | 12 | 42 | 26845 | 16108 | 2566 |
| Inventory days | 7709 | 4740 | 820 | 448 | 220 | 101 | 30 | 571 | 49 | 0 |
| Days payable | 2244 | 2950 | 3028 | 1369 | 4812 | 1811 | 9140 | 535471 | 32408 | 8667932 |
| Cash conversion cycle | 5481 | 1798 | -2205 | -893 | -4582 | -1698 | -9068 | -508055 | -16251 | -8665366 |
| OCF / EBITDA % | — | n.m. | n.m. | — | — | -0.1% | — | — | — | — |
| OCF / EBITDA % (3 years) | — | — | n.m. | n.m. | — | — | — | n.m. | — | — |
| Debt / equity | 0.37 | 0.43 | 0.62 | 4.23 | 24.24 | — | 0.14 | 0.09 | 0.00 | 0.00 |
| Current ratio | — | — | 1.31 | 1.12 | 0.88 | 0.89 | 1.48 | 1.56 | 1.67 | 3.40 |
| Net debt / EBITDA | — | 22.19 | 0.00 | — | — | 5.60 | — | — | — | — |