⚡ At a Glance
STC is a classic Indian PSU relic from the 50s. Once a pillar of India’s global trade, it’s now just a government-owned liability negotiation unit with a BSE listing.
- 💼 Business: Import/export trading on behalf of GoI
- 🇮🇳 Promoter: 90% Govt of India
- 📉 FY25 Sales: ₹0 Cr (not a typo)
- 💸 FY25 Net Profit: ₹26 Cr (thanks to other income)
- 🧾 Contingent Liabilities: ₹4,302 Cr 😵
- 🪫 Book Value: -₹7.05/share (Negative net worth!)
- 🔻 CMP: ₹143
- 🤷♂️ Dividend: What’s that?
🏢 WTF Do They Even Do?
Back in the day, STC used to import everything from rice and pulses to gold, coal, and fertilizers — all on behalf of the Government.
Today?
- Zero sales.
- Massive liabilities.
- Surviving purely on interest income and write-backs.
- And yet… the stock still has a ₹852 Cr market cap.
This is not a trading company.
It’s a bureaucratic zombie with a Demat account.
🔍 Recent Drama Recap – Juicy Bits 🍿
- 🧾 One-Time Settlement with 6 banks:
STC agreed to pay ₹200 Cr to settle ₹1,906 Cr dues. Yep — 89.5% haircut accepted by banks.
(Mallya is shaking somewhere.) - ⚠️ FY25 Audit Notes:
- Qualified audit
- “Going concern” doubts
- Doubtful receivables
- Overstated assets
- Literally
