In today’s briefing:
- The Beat Ideas: MSTC- An E-Commerce PSU
- Monthly Sales Overview of Indian Listed Tractor Companies (December 2024)
The Beat Ideas: MSTC- An E-Commerce PSU
- MSTC Limited (MSTCLTD IN) is transitioning to an e-commerce-centric model, reducing dependence on trading sales and focusing on high-margin e-commerce services.
- MSTC sold its subsidiary Ferro Scrap Nigam Limited for an amount of Rs. 300 Crores which will be utilised in the near future.
- MSTC has a strong cash position (Rs. 1,300 Cr) that can be used for special dividends, growth-oriented investments, or share buyback programs.
Monthly Sales Overview of Indian Listed Tractor Companies (December 2024)
- Favorable reservoir level, an uptick in Kharif Harvest, and strong sowing for the Rabi season are expected to drive good demand for tractors in the medium term.
- We summarize the sales volume published by listed players Mahindra & Mahindra(M&M), and Escorts Kubota Limited.
- Positive management commentary augurs well for uptick in tractor OEM stocks and related auto ancillary companies like GNA Axles Ltd (GNA IN) in medium term.
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