MSTC Ltd Share Price – NSE /  BSE

E-Commerce/App based Aggregator, Small Cap

The policy will come into effect on 1 July 2026 and remain in force until 31 March 2030. It offers purchase subsidies and vehicle scrappage incentives to accelerate electric vehicle adoption in the national capital.

Buyers of electric cars priced up to Rs 30 lakh will receive a 100% exemption from road tax and registration fees. The policy also provides incentives of up to Rs 30,000 for electric two-wheelers, Rs 50,000 for electric three-wheelers and Rs 1 lakh for electric N1 goods vehicles.

The Delhi government has earmarked more than Rs 1,500 crore for vehicle scrappage incentives. Buyers scrapping old ICE vehicles to purchase EVs will receive incentives of Rs 1 lakh for four-wheelers, Rs 10,000 for two-wheelers, Rs 25,000 for three-wheelers and Rs 50,000 for N1 commercial trucks.

The policy also targets the expansion of Delhi's EV charging network to more than 30,000 charging points. From 1 January 2027, only new electric auto-rickshaws and N1 goods carriers will be registered. From 1 April 2028, only new electric two-wheelers will be eligible for registration.

MSTC could benefit from the scrappage programme as it auctions scrap, obsolete machinery, surplus assets and end-of-life vehicles. The company, a Mini Ratna Category-I PSU under the Ministry of Steel, operates one of India's largest e-auction platforms. It auctions ferrous and non-ferrous scrap, end-of-life vehicles and surplus assets for government departments, defence establishments and public sector undertakings.

On a consolidated basis, MSTC's net profit rose 2.26% to Rs 77.22 crore while net sales rose 33.71% to Rs 118.80 crore in Q4 March 2026 over Q4 March 2025.

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The move is expected to boost vehicle scrappage and increase demand for organised recycling services.

MSTC jumped 14.06% while MMTC rose 8.09%.

The two-year scheme, approved by the Cabinet chaired by Prime Minister Narendra Modi, aims to reduce vehicular pollution by encouraging owners of BS-IV and older trucks and buses to switch to BS-VI-compliant or electric vehicles.

The programme is expected to benefit around 2.07 lakh vehicle owners across Delhi, Haryana, Rajasthan and Uttar Pradesh. This includes about 1.91 lakh trucks and 16,329 buses.

Under the scheme, owners of BS-III and older vehicles will be required to scrap their vehicles at registered scrapping facilities. BS-IV vehicles can either be scrapped or sold outside the NCR in non-NCAP cities and towns. Eligible owners must purchase and register a BS-VI-compliant or electric vehicle within NCR to avail benefits.

The Centre will provide a 5% interest subsidy on vehicle loans for five years, monthly fuel vouchers worth up to Rs 4,800, and one-time incentives for EV purchases or certificate trading. Participating states will waive registration fees and offer motor vehicle tax concessions, while automobile manufacturers will provide an 8% discount on ex-showroom prices.

The total outlay of the scheme stands at Rs 9,585 crore. This includes Rs 5,041 crore from the Central Government and an estimated Rs 1,601 crore in tax concessions from participating states.

Investors cheered the announcement as higher vehicle scrappage is expected to increase the supply of recyclable metal scrap and end-of-life vehicles.

According to government estimates, trucks and buses account for 36% of PM2.5 emissions from the transport sector despite representing only 3% of the vehicle fleet in Delhi-NCR. A pre-BS vehicle can emit pollution equivalent to as many as 14 BS-VI-compliant heavy vehicles, highlighting the potential environmental benefits of the scheme.

MSTC operates one of India's largest e-auction platforms. It auctions ferrous and non-ferrous scrap, end-of-life vehicles and surplus assets for government departments, defence establishments and public sector undertakings.

MMTC is engaged in the trading, import, export and auctioning of ferrous and non-ferrous metal scrap through its operations and joint ventures.

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MSTC announced that the Annual General Meeting(AGM) of the company will be held on 24 September 2026.

Net profit of MSTC rose 2.26% to Rs 77.22 crore in the quarter ended March 2026 as against Rs 75.51 crore during the previous quarter ended March 2025. Sales rose 33.71% to Rs 118.80 crore in the quarter ended March 2026 as against Rs 88.85 crore during the previous quarter ended March 2025.

For the full year,net profit declined 46.34% to Rs 218.43 crore in the year ended March 2026 as against Rs 407.07 crore during the previous year ended March 2025. Sales rose 18.88% to Rs 369.66 crore in the year ended March 2026 as against Rs 310.96 crore during the previous year ended March 2025.

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