MSTC Ltd. Share Price

Rs 61 dividend payout: IRCON International,

Dividend Stocks on September 17: Under the T+1 settlement cycle, September 16, 2026, is the last day to buy these shares to be eligible for the dividends, as they turn ex-dividend on September 17. A total of 32 stocks are scheduled to turn ex-dividend tomorrow. Among them, Excel Industries is offering the highest dividend of Rs 13.75 per share, while Craftroot Retail has the lowest payout at Rs 0.05 per share. Other notable dividends include MSTC at Rs 8.10, Tamil Nadu Newsprint & Papers at Rs 4, and Sansera Engineering at Rs 4 per share. IRCON Based on the dividend amounts provided, the total dividend payout per share across all 32 stocks is Rs 60.70. Investors should note that buying the shares today is required to qualify for the respective dividends under the T+1 settlement cycle.

MSTC Ltd supported by strong price momentum

MSTCLTD MSTC Ltd’s quality parameters present an average profile, supported by a net-debt free balance sheet that underscores financial prudence. The company’s operating profit has demonstrated a robust annual growth rate of 67.23%, signalling strong operational momentum over the longer term. However, the latest quarterly results ending June 2026 show a flat performance, indicating a pause in the growth trajectory without any significant negative triggers. This stability in earnings suggests a consolidation phase, which may have influenced the recent revision in the stock’s evaluation. The technical grade for MSTC Ltd remains bullish, supported by strong price momentum over multiple time frames. The stock has delivered market-beating returns, with gains of 29.82% over the past month and an impressive 73.75% over the last six months. Year-to-date returns stand at 46.50%, while the one-year return is 48.79%. These figures highlight sustained investor interest and positive price action, which contrast with the flat financial trend and valuation concerns. The recent one-day decline of 2.41% appears as a minor correction within an overall upward trajectory.

Scrap Is Becoming a Strategic Resource

As India expands its manufacturing base, the focus isn't just on producing more metals but also on recovering them efficiently. Recycling requires significantly less energy than primary production and is becoming increasingly important for industries looking to reduce costs and improve resource efficiency. If this trend accelerates, companies involved in metal recycling and secondary metal production could see sustained tailwinds. GRAVITA , MSTCLTD , POCL . are among the listed companies with meaningful exposure to this theme.

MSTC : Consolidated Financial Highlights:

Total Income for Q4FY26 was Rs 15,036.89 lakh, representing a QoQ increase of 40.92% from Rs 10,670.61 lakh in Q3FY26, and a YoY increase of 34.22% compared to Rs 11,202.87 lakh in Q4FY25. Revenue from operations for Q4FY26 stood at Rs 11,879.72 lakh, showing a growth of 34.34% QoQ and 33.70% YoY. Net Profit for Q4FY26 reached Rs 7,722.37 lakh, marking a QoQ growth of 50.33% from Rs 5,136.78 lakh and a marginal YoY growth of 2.26% from Rs 7,551.49 lakh. For the full year FY26, Total Income reached Rs 45,303.69 lakh, recording a YoY increase of 16.91% from Rs 38,750.20 lakh in FY25. Revenue from operations for FY26 was Rs 36,965.66 lakh, up 18.88% YoY compared to Rs 31,095.96 lakh in FY25. Net Profit for the full year FY26 stood at Rs 21,843.32 lakh, reflecting a YoY decrease of 46.34% from Rs 40,707.21 lakh in FY25.

The Scrap Economy Is Quietly Expanding

Everyone tracks steel production. Few track what happens to steel after it's used. With India's vehicle fleet, appliances and infrastructure aging, the availability of scrap is steadily rising. The government's push for a circular economy and formal vehicle scrappage is creating a long-term opportunity in metal recycling and secondary steel. Companies like MSTCLTD , TATASTEEL , JSWSTEEL , GRAVITA and SHYAMMETL could benefit as organized recycling gains scale.

MSTC Ltd: High-Volume Base Breakout After a Long Consolidation

MSTCLTD MSTC has delivered a decisive breakout above the critical ₹570-575 resistance zone, emerging from a prolonged consolidation that lasted for more than a year. After correcting nearly 60% from its 2024 peak, the stock spent several quarters building a strong base between ₹380 and ₹570. Such extended consolidations often represent institutional accumulation phases, and a successful breakout from these structures can mark the beginning of a fresh bullish cycle. From an AVWAP perspective, the Anchored VWAP from the March 2026 swing low aligns near the ₹430-450 zone, which coincides with the rising long-term moving average visible on the chart. This area has acted as a strong institutional support region during the base-building process. The breakout above ₹575 now converts the previous resistance into a key support zone for future pullbacks. Momentum characteristics remain highly constructive. The stock has shown strong price expansion near the breakout point and is trading above its major moving averages. Such behaviour is often observed during the early stages of major trend reversals when fresh buying demand enters after a prolonged correction. Fundamentally, MSTC benefits from its unique position in e-commerce auctions, recycling services, and government asset monetization activities. The company has historically maintained a debt-light balance sheet, strong cash generation, and healthy return ratios. Its asset-light business model and consistent profitability provide a solid foundation for long-term value creation. Technical Outlook Pattern: Multi-Month Base Breakout Breakout Zone: ₹570-575 Immediate Support: ₹575 AVWAP Support Zone: ₹430-450 Elliott Wave View: Potential start of Wave 3 expansion Upside Targets: ₹750 → ₹900+ Invalidation Level: Sustained weekly close below ₹500