The State Trading Corporation of India Limited (STCINDIA)
₹106.18 -0.78% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, State Trading's revenue was ₹0.0 Cr, and net profit ₹2.8 Cr (-71.1% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-13.5 | loss widened | loss widened |
| Net profit | ₹2.8 | -71.1% | -71.4% |
| EPS (₹) | 0.47 | -71.3% | -71.7% |
STCINDIA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 65.98% of the STCINDIA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 63.68%. That is close to its usual level. Turnover was only ₹7 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 46.9% · 39.5% · 52.2% · 48.7% · 66.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
The State Trading Corporation of India Limited (STC) announced a delay in adopting its un-audited consolidated financial results for the quarter ended June 30, 2026. The delay is attributed to the non-receipt of financial statements from its subsidiary, STCL Limited. The scheduled Board meeting on October 13, 2026, will proceed solely to address other statutory agenda items under the Companies Act, 2013.
- Adoption of un-audited consolidated financial results for the quarter ended June 30, 2026 is delayed.
- Delay caused by non-receipt of consolidated financial results from subsidiary STCL Limited.
- Board meeting on October 13, 2026, will continue as scheduled to handle other statutory agenda items.
- Trading window remains closed until 48 hours after declaration of Q1 and Q2/H1 FY27 financial results.
The State Trading Corporation of India Limited has submitted its Share Capital Reconciliation Audit Report under Regulation 76 of SEBI Regulations for the quarter ended September 30, 2026. The report confirms that the company's total issued and listed share capital remains unchanged at 6,00,00,000 shares with a face value of Rs 10 each. Dematerialized shares account for 99.99% of total shares (95.34% in CDSL and 4.65% in NSDL), with only 7,144 shares (0.01%) held in physical form. There were no changes in share capital, demat delays, or discrepancies reported during the quarter.
- Total issued and listed capital stands at 6,00,00,000 equity shares (face value Rs 10 each)
- 5,72,01,677 shares (95.34%) held in CDSL and 27,91,179 shares (4.65%) held in NSDL
- Physical shareholding represents only 7,144 shares (0.01%)
- Zero pending requests for dematerialization beyond 15 days for the quarter ended September 30, 2026
The State Trading Corporation of India Limited submitted its monthly compliance report regarding the special window for re-lodgement of transfer requests for physical shares per SEBI guidelines. For the month of September 2026, the company's Registrar and Transfer Agent, MCS Share Transfer Agent Limited, reported zero requests received, processed, approved, or rejected. This filing is purely statutory and reflects standard procedural reporting with zero operational or financial impact.
- 0 requests received for re-lodgement of physical share transfers during September 2026
- 0 transfer requests processed, approved, or rejected in the month
- Compliance submission pursuant to SEBI circular dated January 30, 2026
The State Trading Corporation of India Limited has scheduled a meeting of its Board of Directors for October 13, 2026. The board will consider, approve, and take on record the un-audited consolidated financial results for the quarter ended June 30, 2026. The trading window for company insiders remains closed and will reopen 48 hours after the results are declared. The company remains non-operating with nil trading revenue, operating on a non-going concern basis to realize assets.
- Board meeting scheduled for Tuesday, October 13, 2026
- Agenda includes approval of un-audited consolidated financial results for the quarter ended June 30, 2026
- Trading window closed until 48 hours post-declaration of the Q1 financial results
- Meeting convened pursuant to Regulation 29 of SEBI LODR Regulations, 2015
The State Trading Corporation of India (STC) received notices from BSE and NSE imposing fines of ₹1,53,400 each (inclusive of 18% GST), totaling ₹3,06,800. The penalties were levied under Regulation 33 of SEBI LODR for failing to submit financial results for the quarter ended June 30, 2026 within the mandated timeline. Both exchanges calculated a basic fine of ₹1,30,000 based on 26 days of non-compliance at ₹5,000 per day. Exchanges warned that continued non-compliance could lead to freezing promoter demat accounts and transfer of the scrip to the 'Z' group with potential trading suspension.
- Fines of ₹1,53,400 each levied by BSE and NSE, totaling ₹3,06,800 inclusive of 18% GST
- Basic fine of ₹1,30,000 calculated for 26 days of delay at ₹5,000 per day
- Non-compliance pertains to delayed submission of financial results for the quarter ended June 30, 2026
- Company given 15 days to pay the fines and submit required results to avoid promoter demat freezing
The State Trading Corporation of India Limited submitted a monthly compliance update regarding physical share transfer re-lodgments for August 2026 pursuant to SEBI circular dated January 30, 2026. According to the Registrar and Transfer Agent, MCS Share Transfer Agent Limited, zero requests were received, processed, approved, or rejected during the month. The disclosure is purely procedural and carries no operational or financial impact on the company.
- 0 physical share transfer re-lodgment requests received during August 2026
- 0 requests processed, approved, or rejected during the month
- Compliance report issued pursuant to SEBI circular dated January 30, 2026
- Report provided by Registrar and Transfer Agent, MCS Share Transfer Agent Limited
BSE has levied a fine of Rs 12,04,780 (inclusive of 18% GST) on The State Trading Corporation of India Limited for the quarter ended June 30, 2026. The penalty pertains to non-compliance with SEBI LODR Regulations including 17(1), 17(2), 17(2A), 18(1), 19, and 20 due to the absence of the requisite number of Independent Directors and committee compositions. STC has requested a waiver from BSE, stating that director appointments are under the purview of its administrative ministry (Ministry of Commerce & Industry). BSE's standard operating procedure warns of potential promoter shareholding freezing or transfer to the Z group/trading suspension if non-compliance continues.
- Total fine of Rs 12,04,780 levied by BSE (Basic fine Rs 10,21,000 plus Rs 1,83,780 GST @ 18%) for the quarter ended June 30, 2026.
- Major penalties include Rs 5,36,900 for Regulation 17(1) board composition and Rs 2,14,760 each for Audit, NRC, and SRC committee compositions.
- Company requested BSE to waive off the fine as director appointment is the prerogative of the Ministry of Commerce & Industry.
- Notice warns that failure to pay within 15 days or continued non-compliance risks freezing promoter accounts and transfer to the Z group.
The State Trading Corporation of India Limited (STC) received a notice from the National Stock Exchange of India (NSE) dated August 25, 2026, imposing a fine of ₹12,04,780 (including 18% GST) for non-compliance with SEBI LODR regulations during the quarter ended June 30, 2026. The violation pertains to the absence of the requisite number of Independent Directors on the Board and its committees. STC stated that as a PSU, board appointments are under the purview of the Ministry of Commerce & Industry and it has requested a waiver from the exchange.
- Total fine payable to NSE stands at ₹12,04,780 (base fine of ₹10,21,000 plus 18% GST of ₹1,83,780)
- Non-compliance reported across Regulations 17(1), 17(2), 17(2A), 18(1), 19, and 20 for the quarter ended June 30, 2026
- Fine for Regulation 17(1) non-compliance calculated at ₹5,000 per day for 91 days (₹4,55,000)
- STC has approached the exchange for a waiver, citing that director appointments fall under its Administrative Ministry
The State Trading Corporation of India approved its audited consolidated FY26 results and unaudited standalone Q1 FY27 results. Statutory auditors issued a qualified opinion, citing an under-provisioning of ₹1,071.94 crore against ₹1,699.22 crore in trade receivables overdue for more than 3 years. Auditors also highlighted unverified title deeds for non-current assets held for sale, including Jawahar Vyapar Bhawan valued at ₹559.29 crore. The company continues to operate on a non-going concern basis with zero active trading operations.
- Auditors flagged an under-provision of bad debts amounting to ₹1,071.94 crore out of ₹1,699.22 crore total overdue receivables.
- Non-availability of clear title deeds noted for assets held for sale, including Jawahar Vyapar Bhawan (₹559.29 crore) and Aurobindo Marg Housing (₹123.94 crore).
- Deposited ₹10.62 crore (40% pre-deposit) with DRAT against a ₹26.55 crore DRT recovery order in the Rajat Pharmaceuticals litigation, with next hearing on October 23, 2026.
- Reported net exceptional items of ₹0.33 lakh for the period ended June 30, 2026.
The State Trading Corporation of India Limited has notified exchanges regarding a change in timing and venue for its 663rd Board of Directors meeting, scheduled for August 25, 2026. The meeting will now take place at 11:00 AM at Vanijya Bhawan, New Delhi. The board will consider and approve the audited standalone and consolidated financial results for the year ended March 31, 2026, along with the unaudited standalone results for the quarter ended June 30, 2026.
- 663rd Board Meeting rescheduled to August 25, 2026 at 11:00 AM
- Venue updated to Vanijya Bhawan, New Delhi-110001
- Meeting agenda includes approval of Audited Financial Results (Standalone & Consolidated) for the year ended March 31, 2026
- Agenda also covers Unaudited Standalone Financial Results for the quarter ended June 30, 2026
The State Trading Corporation of India (STC) has informed exchanges of a delay in holding its Board Meeting to approve audited financial results for the year ended March 31, 2026, and the quarter ended June 30, 2026. The company cited the non-receipt of financial results from its subsidiary, STCL Limited, as the primary reason for the delay. This administrative hurdle occurs while the company operates on a 'non-going concern' basis with zero trading revenue and a history of SEBI LODR fines totaling ₹12.06 Lacs.
- Delay in approving Audited Annual Financial Results for the year ended March 31, 2026.
- Delay in approving financial results for the quarter ended June 30, 2026.
- Non-receipt of financial data from subsidiary STCL Limited cited as the cause.
- Company continues to operate as a non-going concern with TTM revenue of ₹0 Cr.
- Previous regulatory non-compliance resulted in fines of ₹12.06 Lacs.
The State Trading Corporation of India Limited (STC) has filed its monthly status report regarding the re-lodgement of physical share transfer requests for July 2026. According to the report from its Registrar, MCS Share Transfer Agent Limited, zero requests were received, processed, or rejected during the month. This filing is a routine regulatory compliance matter under SEBI circulars. As the company is currently operating on a non-going concern basis with zero operating revenue, this administrative update has no impact on its financial standing.
- Zero (0) requests received for re-lodgement of physical share transfers during July 2026
- Zero (0) requests were processed, approved, or rejected during the reporting period
- Average time taken for processing requests was 0 days due to lack of activity
- Compliance maintained with SEBI Circular dated January 30, 2026
The State Trading Corporation of India Limited (STC) has filed its monthly status report regarding physical share transfer requests for June 2026. The report, issued by its Registrar and Transfer Agent (RTA), MCS Share Transfer Agent Limited, confirms that no requests were received, processed, or rejected during the month. This filing is a procedural requirement under SEBI's special window for re-lodgment of transfer requests. Given STC's status as a non-operating entity with zero TTM revenue, this administrative update has no impact on business fundamentals.
- Zero (0) requests for physical share transfers were received during the month of June 2026.
- Zero (0) requests were processed, approved, or rejected by the RTA during this period.
- The average time taken for processing such requests was recorded as 0 days due to lack of activity.
- The filing complies with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.
The State Trading Corporation of India (STC) has appointed Shri Raghvendra Singh, a 2013-batch IA&AS officer, as Additional Director (Director-Finance) effective June 29, 2026. This appointment follows a Ministry of Commerce order and was approved by the board via circulation on July 3, 2026. The company remains in a 'non-going concern' status with zero TTM revenue, focusing solely on asset realization and settling liabilities. This management update is primarily a regulatory requirement to address board vacancies that previously led to SEBI fines of Rs 12.06 Lacs.
- Shri Raghvendra Singh appointed as Director-Finance effective June 29, 2026
- Appointee is a 2013 batch Indian Audit and Accounts Service (IA&AS) officer
- Board approval for the appointment was finalized via circulation on July 3, 2026
- The new director holds 0 equity shares in the company as of the appointment date
- Company continues to operate as a non-operating entity with Rs 0 TTM revenue
The State Trading Corporation of India (STC) has appointed Shri Raghvendra Singh, an IA&AS officer (2013 batch), as Director-Finance effective June 29, 2026. This appointment follows a Ministry of Commerce & Industry order and was approved by the board on July 3, 2026. STC is currently operating on a 'non-going concern' basis with zero operating revenue, focusing solely on asset realization and liability settlement. The appointment is a step toward addressing previous board vacancies and regulatory non-compliance issues.
- Shri Raghvendra Singh appointed as Director-Finance effective June 29, 2026
- Company reports TTM revenue of Rs 0 Cr as it operates on a non-going concern basis
- Promoter (Government of India) holds a 90.0% stake in the company
- Appointment follows Ministry of Commerce & Industry Order dated June 5, 2026
- The appointee is an IA&AS officer of the 2013 batch with over a decade of experience
Financial Performance
Revenue Growth by Segment
Revenue from operations was INR 0 in both FY24 and FY23, representing a 0% growth rate as the company has transitioned to a non-operating entity. The company is currently focused on realizing assets rather than active trading.
Geographic Revenue Split
Not disclosed in available documents as the company has ceased active trading operations across its 11 branch offices in India.
Profitability Margins
Net Profit grew by 60.67% YoY to INR 5,107.23 Lacs in FY24 from INR 3,178.79 Lacs in FY23. This profitability is driven entirely by 'Other Income' (INR 9,599.26 Lacs) and remeasurements of defined benefit plans rather than core trading operations.
EBITDA Margin
Not applicable as Revenue from Operations is zero. However, Profit Before Tax (PBT) stood at INR 5,132.13 Lacs in FY24, a 42.53% increase from INR 3,600.74 Lacs in FY23, primarily due to a 12.62% increase in Other Income.
Capital Expenditure
Historical capital expenditure for FY24 was INR 0, down from previous years as the company is on a non-going concern basis and is classifying existing Property, Plant, and Equipment (PPE) as 'Held for Sale'.
Credit Rating & Borrowing
STC is a Miniratna Category-1 CPSE. Historically, the company had an overall gearing of 17.46 times in FY19. Current documents indicate a massive non-provision of interest on bank loans amounting to INR 3,973.57 Cr, which suggests severe credit stress and default on consortium bank advances.
Operational Drivers
Raw Materials
Not applicable as STC is a trading house, not a manufacturer. Historically traded bulk commodities like rice, wheat, sugar, pulses, edible oils, coal, and bullion.
Import Sources
Not disclosed for the current period as operations are suspended; historically sourced globally for Government of India requirements.
Key Suppliers
Not disclosed in available documents due to the non-operating status of the company.
Capacity Expansion
No planned expansion. Current focus is on the disposal of tank farms, warehouses, and godowns at various locations to realize value on a non-going concern basis.
Raw Material Costs
Not applicable. Employee benefit expenses, the primary operational cost, decreased by 6.67% to INR 3,336.87 Lacs in FY24 from INR 3,575.32 Lacs in FY23.
Strategic Growth
Expected Growth Rate
0%
Growth Strategy
There is no growth strategy; the company is operating on a 'non-going concern' basis as per the decision of the administrative ministry (Ministry of Commerce & Industry). The strategy is limited to realizing assets and settling pending contracts and liabilities.
Products & Services
Historically provided import/export services for bulk commodities (bullion, coal, fertilizers, edible oils). Currently provides property rental services for its owned warehouses and office spaces.
Brand Portfolio
STC (State Trading Corporation of India).
New Products/Services
None. The company has been resolved to continue as a non-operating company since FY2021-22.
Market Expansion
None. The company is currently contracting its footprint.
Market Share & Ranking
Formerly a leading Star Trading House; currently has 0% market share in active trading due to non-operating status.
Strategic Alliances
The company operates under the administrative control of the Ministry of Commerce & Industry, GOI, which holds a 90% stake.
External Factors
Industry Trends
The wholesale trading industry for CPSEs is shifting towards consolidation or closure of non-viable entities. STC's positioning is 'non-going concern', reflecting a total withdrawal from the market.
Competitive Landscape
Competitors like MMTC (which currently has additional charge of STC's Finance Director) are also facing similar restructuring or downsizing mandates from the GOI.
Competitive Moat
The historical moat was the government mandate for canalized imports. This moat has completely eroded with the shift to a non-operating status and the removal of canalization monopolies.
Macro Economic Sensitivity
Highly sensitive to Government of India policy decisions regarding Central Public Sector Enterprises (CPSEs) and the specific mandate of the Ministry of Commerce.
Consumer Behavior
Not applicable as the company does not serve retail consumers.
Geopolitical Risks
Geopolitical shifts no longer impact active trade but may affect the valuation of international-linked assets or pending legal claims.
Regulatory & Governance
Industry Regulations
Subject to Department of Commerce guidelines and CPSE regulations. The company is currently in violation of SEBI LODR Regulation 17, 18, 19, and 20 regarding Board composition.
Environmental Compliance
Not a significant factor for a non-operating trading entity; ESG costs are not disclosed.
Taxation Policy Impact
Current tax for FY24 was INR 793.25 Lacs, while tax related to earlier years resulted in a credit of INR 768.35 Lacs.
Legal Contingencies
The company faces a massive contingent liability/understated loss of INR 3,973.57 Cr due to non-provision of interest on Cash Credit and Packing Credit advances from a consortium of banks. Additionally, it faces SEBI fines of INR 12,05,960 for non-compliance with independent director requirements.
Risk Analysis
Key Uncertainties
The primary uncertainty is the 'Material Uncertainty related to Going Concern'. The company is being audited on a realization basis, meaning assets may not fetch their carrying values if liquidated quickly.
Geographic Concentration Risk
Operations were concentrated in India (11 branches), but the primary risk is now concentrated in the New Delhi headquarters where legal and regulatory issues are managed.
Third Party Dependencies
High dependency on the Government of India for financial support and the consortium of banks for debt settlement.
Technology Obsolescence Risk
The company uses Tally ERP which is not integrated with its HR or Payroll software, leading to manual errors and a qualified audit opinion.
Credit & Counterparty Risk
The company has significant trade and other receivables (INR 44.77 Lacs adjustment in FY24) which are subject to Expected Credit Loss (ECL) judgments.
