---
title: "MCS Ltd (523221) — Share Price, Financials & Analysis"
symbol: "523221"
company: "MCS Ltd"
canonical: "https://tapetide.com/stocks/523221"
isin: "INE737A01019"
bse_code: "523221"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:58:19.855Z"
---

# MCS Ltd (523221)

Canonical page: https://tapetide.com/stocks/523221

## Company

- **BSE Code:** 523221
- **ISIN:** INE737A01019
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mcsdel.com

## About

MCS Limited is an India-based company. The Company is engaged in registrar and share transfer agent activities.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.08 times its book value
- Debtor days have improved from 52.0 to 31.6 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.76% over past five years.
- Company has a low return on equity of -0.02% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 39% | — | — |
| revenue growth | -91% | -4% | -2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.15 | 1.15 | 1.13 | 1.21 | 1.21 | 1.19 | 0.66 | 0.27 | 0.07 | 0.15 | 0.06 | 0.02 |
| Expenses | 0.82 | 1 | 0.81 | 1.12 | 0.94 | 1.88 | 0.52 | 0.2 | 0.19 | 0.58 | 0.08 | 0.05 |
| Operating Profit | 0.33 | 0.15 | 0.32 | 0.09 | 0.27 | -0.69 | 0.14 | 0.07 | -0.12 | -0.43 | -0.02 | -0.03 |
| OPM % | 28.7 | 13.04 | 28.32 | 7.44 | 22.31 | -57.98 | 21.21 | 25.93 | -171.43 | -286.67 | -33.33 | -150 |
| Other Income | 0 | 0.02 | 0.01 | 0.01 | -0.01 | 0.09 | 0 | 0 | 0 | 0.2 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Depreciation | 0.07 | 0.07 | 0 | 0.14 | 0.07 | 0.41 | 0.15 | 0 | 0.02 | 0.02 | 0.01 | 0.01 |
| Profit before tax | 0.26 | 0.1 | 0.33 | -0.04 | 0.19 | -1.01 | -0.01 | 0.07 | -0.14 | -0.25 | -0.03 | -0.05 |
| Tax % | 11.54 | -130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.23 | 0.24 | 0.33 | -0.04 | 0.2 | -1.01 | -0.01 | 0.07 | -0.14 | -0.25 | -0.02 | -0.05 |
| EPS in Rs | 0.44 | 0.46 | 0.63 | -0.08 | 0.38 | -1.94 | -0.02 | 0.13 | -0.27 | -0.48 | -0.04 | -0.1 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 26.49 | 17.66 | 5.34 | 5.18 | 5.18 | 5.3 | 5.93 | 5.14 | 4.74 | 0.3 |
| Expenses | 20.59 | 13.98 | 14.2 | 4.2 | 4.32 | 5.26 | 5.5 | 4.59 | 4.4 | 0.9 |
| Operating Profit | 5.9 | 3.68 | -8.86 | 0.98 | 0.86 | 0.04 | 0.43 | 0.55 | 0.34 | -0.6 |
| OPM % | 22.27 | 20.84 | -165.92 | 18.92 | 16.6 | 0.75 | 7.25 | 10.7 | 7.17 | -200 |
| Other Income | 0.51 | 0.03 | 13.64 | 0.77 | 0.13 | -0.15 | 0.02 | -0.01 | 0.14 | 0.2 |
| Interest | 1.36 | 1.11 | 0.08 | 0.03 | 0.03 | 0.03 | 0.02 | 0.07 | 0.01 | 0.01 |
| Depreciation | 2.82 | 2.41 | 2.06 | 1.34 | 1.32 | 1.25 | 0.42 | 0.28 | 0.28 | 0.06 |
| Profit before tax | 2.23 | 0.19 | 2.64 | 0.38 | -0.36 | -1.39 | 0.01 | 0.19 | 0.19 | -0.47 |
| Tax % | 39.91 | 68.42 | -5.68 | 5.26 | 27.78 | -26.62 | 1300 | 63.16 | 94.74 | — |
| Net Profit | 1.34 | 0.06 | 2.79 | 0.36 | -0.46 | -1.02 | -0.12 | 0.08 | 0.02 | -0.46 |
| EPS in Rs | — | — | — | 0.69 | -0.88 | -1.95 | -0.23 | 0.15 | 0.04 | -0.89 |
| Dividend Payout % | 31.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.17 | 4.17 | 4.17 | 4.17 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 |
| Reserves | 9.63 | 10.48 | 10.54 | 17.31 | 18.28 | 17.82 | 16.8 | 16.68 | 16.75 | 16.46 |
| Borrowings | 9.99 | 9.71 | 0.32 | 9.63 | 10.29 | 9.76 | 9.85 | 9.47 | 9.09 | 9.06 |
| Other Liabilities | 7.62 | 8.29 | 14.09 | 4.2 | 1.73 | 2.2 | 1.49 | 1.48 | 1.06 | 0.46 |
| Total Liabilities | 31.41 | 32.65 | 29.12 | 35.31 | 35.52 | 35 | 33.36 | 32.85 | 32.12 | 31.2 |
| Fixed Assets | 13.67 | 15.19 | 13.05 | 5.61 | 4.5 | 3.13 | 1.74 | 1.34 | 1.02 | 0.43 |
| CWIP | 4.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.05 | 0.05 | 0.03 | 0.04 | 25.94 | 25.94 | 26.1 | 26.07 | 26.05 | 25.94 |
| Other Assets | 13.57 | 17.41 | 16.04 | 29.66 | 5.08 | 5.93 | 5.52 | 5.44 | 5.05 | 4.83 |
| Total Assets | 31.41 | 32.65 | 29.12 | 35.31 | 35.52 | 35 | 33.36 | 32.85 | 32.12 | 31.2 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.83 | 0.73 | 11.53 | -26.3 | -2.27 | 0.57 | -0.49 | 0.38 | 0.38 | -0.14 |
| Cash from Investing Activity | -4.72 | -0.19 | -0.29 | 16.18 | -0.05 | 0.1 | -0.22 | 0.02 | -0.02 | 0.17 |
| Cash from Financing Activity | 3.87 | -0.73 | -9.86 | 9.3 | 2.32 | -0.53 | 0.03 | -0.39 | -0.4 | -0.03 |
| Net Cash Flow | -0.02 | -0.19 | 1.38 | -0.82 | 0 | 0.14 | -0.68 | 0.01 | -0.04 | 0 |
| Free Cash Flow | -4.01 | 0.5 | 11.17 | -14.14 | -2.34 | 0.66 | -0.56 | 0.36 | 0.36 | -0.13 |
| CFO/OP | 37 | 12 | 326 | 291 | -171 | 107 | -825 | 174 | 155 | 82 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 99.76 | 126.35 | 144.88 | 143.54 | 90.9 | 90.19 | 105.37 | 81.25 | 43.32 | 31.57 |
| Cash Conversion Cycle | 99.76 | 126.35 | 144.88 | 143.54 | 90.9 | 90.19 | 105.37 | 81.25 | 43.32 | 31.57 |
| Working Capital Days | 88.79 | 147.98 | 39.89 | 1758.7 | 230.42 | 42.28 | 86.77 | 4.31 | -14.2 | -1.54 |
| ROCE % | — | 14.95 | 7.06 | -17.56 | 0.18 | -1.14 | -3.53 | 0.16 | 0.99 | 0.49 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Jun 2016 |
| --- | --- | --- |
| Promoters | 39.97% | 39.97% |
| DIIs | 0.01% | 0.01% |
| Public | 60.02% | 60.02% |
| No. of Shareholders | 7827 | 7818 |

### Quarterly

| Category | Mar 2016 | Jun 2016 |
| --- | --- | --- |
| Promoters | 39.97% | 39.97% |
| DIIs | 0.01% | 0.01% |
| Public | 60.02% | 60.02% |
| No. of Shareholders | 7827 | 7818 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 4 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 854.85 | Sell |
| EMA (10) | 842.82 | Sell |
| SMA (20) | 858.78 | Sell |
| EMA (20) | 838.27 | Sell |
| SMA (50) | 789.78 | Buy |
| EMA (50) | 812.21 | Buy |
| SMA (100) | 797.64 | Buy |
| EMA (100) | 803.33 | Buy |
| SMA (200) | 797.44 | Buy |
| EMA (200) | 795.85 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.26 | Neutral |
| MACD (12,26,9) | 12.85 | Sell |
| Stochastic (14,3,3) | 19.28 | Buy |
| ADX (14) | 31.97 | Buy |
| Williams %R (14) | -78.23 | Neutral |
| ATR (14) | 37 | High Volatility |
| ROC (12) | -8.09 | Sell |
| Stoch RSI (14) | 19.17 | Buy |
| UO (7,14,28) | 37.49 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Of allotment of equity shares pursuant to CMS Employees Stock Option Plan 2016 of the Company. | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8h - Of allotment of equity shares pursuant to CMS Employees Stock Option Plan 2016 of the Company.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/257fde68-ff28-4139-b202-b94c7f8f165a.pdf) |
| 6h - On Mar 9, 2026 CMS acquired 25,639 CCPS at ₹158.41, making Securens 100% owned. | [Update On Acquisition Of Securens Systems Private Limited 6h - On Mar 9, 2026 CMS acquired 25,639 CCPS at ₹158.41, making Securens 100% owned.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3edbd599-88c8-463e-afb7-677fca0f6a59.pdf) |
| 23 Feb - CMS Info Systems to attend IIFL Entrepreneurial India Conference on Feb 26, 2026 in Mumbai (in-person). | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Feb - CMS Info Systems to attend IIFL Entrepreneurial India Conference on Feb 26, 2026 in Mumbai (in-person).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1191ecc3-a937-4096-884a-88f1c2f8212e.pdf) |
| 20 Feb - Group virtual investor/analyst meeting on Feb 25, 2026, 5–6 PM IST with multiple institutions. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Feb - Group virtual investor/analyst meeting on Feb 25, 2026, 5–6 PM IST with multiple institutions.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b2ea5381-7e94-4453-ba0b-e645dadad6ad.pdf) |
| 19 Feb - Newspaper publication for completion of dispatch of postal ballot notice dated February 12, 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Feb - Newspaper publication for completion of dispatch of postal ballot notice dated February 12, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15ce95b1-e739-4909-8372-06ff5d381a04.pdf) |
| 18 Feb - Transcript of Q3 FY26 earnings call; unaudited results for quarter and nine months ended Dec 31, 2025. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 18 Feb - Transcript of Q3 FY26 earnings call; unaudited results for quarter and nine months ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77d98f0f-7673-4a30-a987-ee2feefbf505.pdf) |
| 18 Feb - Postal ballot to appoint Vidya Krishnan as Independent Director (Jan 2, 2026–Jan 1, 2029); e-voting Feb 23–Mar 24, 2026. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Feb - Postal ballot to appoint Vidya Krishnan as Independent Director (Jan 2, 2026–Jan 1, 2029); e-voting Feb 23–Mar 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/08dc45cc-87a4-4514-aafc-30027a438fd9.pdf) |
| 14 Feb - Copy of Newspaper Publication of Un-Audited Financial Results of the Company for the quarter and nine months ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb - Copy of Newspaper Publication of Un-Audited Financial Results of the Company for the quarter and nine months ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/930d466f-bbb5-4e2f-b512-e2271cd38831.pdf) |
| 13 Feb - Audio recording of Feb 13, 2026 earnings call for quarter and nine months ended Dec 31, 2025 posted. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Feb - Audio recording of Feb 13, 2026 earnings call for quarter and nine months ended Dec 31, 2025 posted.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e1d470e2-4fd8-4c77-92a0-1c6ab70cd029.pdf) |
| 12 Feb - Board approved Q3 results; interim dividend ₹2.75/share; won ₹1,000 Cr SBI contract over 10 years | [Board Meeting Outcome for Outcome Of The Board Meeting 12 Feb - Board approved Q3 results; interim dividend ₹2.75/share; won ₹1,000 Cr SBI contract over 10 years](https://www.bseindia.com/xml-data/corpfiling/AttachLive/83096e53-ac81-4c67-a823-8f500aa9f16a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/837dfdaa-a9f0-4767-95cb-3203c876afc5.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/744c4e54-eeae-49a3-88f1-b911753838ae.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b6881dc-00d9-4531-92e8-f8de099c0186.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7362c94a-b064-40ed-93d2-8214e3481f0c.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd4e6e16-4a60-489c-88ab-3a92bee41092.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e67ad2f-9396-44fe-84a4-eed1a2305b8b.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f1b29492-ea06-4a5c-be53-0980970d1f39.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54185771-146c-4380-9904-8916019848b6.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/62b1e1fd-a9db-4831-99ea-bef0be59eb7d.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53680dda-98d6-4139-b330-00d3a3e999b1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20966_CMSINFO_2021_2022_30082022160531_08302022170005.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9480f7e2-3f8d-4d9d-8341-441a70c0f0bc.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14ed81c9-c24a-4314-9c26-0256948095f6.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d087784-303a-40dd-936e-d7143761ca94.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543441/75028543441.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/523221/5232210315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/523221/5232210314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/523221/5232210313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/523221/5232210312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/523221/5232210311.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:19.855Z.