Mukand Ltd
Mukand Ltd is engaged in manufacturing of special alloy steel, billets, bars, rods, EOT cranes, material handling equipment and other industrial machinery and comprehensive engineering services.[1]
- Market Cap ₹ 1,857 Cr.
- Current Price ₹ 129
- High / Low ₹ 162 / 84.4
- Stock P/E 19.7
- Book Value ₹ 67.7
- Dividend Yield 1.56 %
- ROCE 10.4 %
- ROE 9.04 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 25.5%
- Company's working capital requirements have reduced from 77.2 days to 19.6 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.8% over past five years.
- Company has a low return on equity of -6.12% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Ferrous Metals Iron & Steel
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,533 | 2,819 | 2,731 | 2,667 | 3,070 | 3,588 | 2,818 | 2,681 | 4,643 | 5,618 | 5,175 | 4,912 | 4,575 | |
| 2,378 | 2,481 | 2,397 | 2,316 | 3,004 | 3,438 | 2,712 | 2,883 | 4,403 | 5,771 | 4,882 | 4,619 | 4,321 | |
| Operating Profit | 155 | 339 | 334 | 350 | 66 | 150 | 107 | -203 | 240 | -153 | 293 | 292 | 255 |
| OPM % | 6% | 12% | 12% | 13% | 2% | 4% | 4% | -8% | 5% | -3% | 6% | 6% | 6% |
| 34 | 5 | 21 | 220 | 284 | 79 | 52 | 666 | 32 | 573 | 15 | 17 | 50 | |
| Interest | 244 | 266 | 279 | 425 | 267 | 303 | 338 | 307 | 161 | 175 | 131 | 130 | 133 |
| Depreciation | 67 | 75 | 74 | 71 | 56 | 58 | 75 | 69 | 45 | 51 | 50 | 51 | 52 |
| Profit before tax | -123 | 2 | 2 | 74 | 26 | -132 | -255 | 88 | 66 | 194 | 127 | 129 | 120 |
| Tax % | -28% | 26% | 24% | 85% | -71% | -36% | -23% | 48% | -39% | 5% | 18% | 33% | |
| -88 | 2 | 2 | 11 | 44 | -84 | -196 | 46 | 92 | 185 | 104 | 87 | 83 | |
| EPS in Rs | -6.22 | 0.11 | 0.11 | 0.79 | 3.12 | -5.95 | -13.83 | 3.25 | 6.48 | 12.84 | 7.20 | 6.02 | 5.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 31% | 24% | 16% | 28% | 33% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 12% |
| 3 Years: | 2% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 19% |
| 3 Years: | 6% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | -3% |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -16% |
| 3 Years: | -6% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 145 | 145 | 145 | 145 | 145 |
| Reserves | 1,985 | 1,974 | 1,971 | 220 | 993 | 912 | 716 | 756 | 596 | 737 | 758 | 815 | 834 |
| 2,312 | 2,564 | 2,739 | 2,878 | 1,953 | 2,376 | 2,537 | 1,821 | 2,036 | 1,505 | 1,489 | 1,559 | 1,811 | |
| 1,141 | 1,118 | 1,105 | 1,163 | 1,295 | 948 | 1,015 | 658 | 822 | 797 | 640 | 1,016 | 992 | |
| Total Liabilities | 5,579 | 5,797 | 5,957 | 4,402 | 4,381 | 4,378 | 4,409 | 3,377 | 3,598 | 3,183 | 3,032 | 3,535 | 3,782 |
| 2,486 | 2,448 | 2,407 | 693 | 562 | 505 | 516 | 447 | 484 | 447 | 452 | 529 | 467 | |
| CWIP | 50 | 26 | 29 | 39 | 23 | 23 | 30 | 26 | 32 | 30 | 34 | 33 | 47 |
| Investments | 251 | 251 | 251 | 267 | 1,428 | 1,453 | 1,429 | 715 | 188 | 275 | 11 | 30 | 43 |
| 2,792 | 3,072 | 3,270 | 3,404 | 2,368 | 2,397 | 2,435 | 2,189 | 2,894 | 2,431 | 2,534 | 2,943 | 3,225 | |
| Total Assets | 5,579 | 5,797 | 5,957 | 4,402 | 4,381 | 4,378 | 4,409 | 3,377 | 3,598 | 3,183 | 3,032 | 3,535 | 3,782 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -26 | 12 | 117 | 295 | 764 | -172 | 121 | -262 | -105 | 174 | 91 | 168 | |
| -19 | 2 | -31 | -33 | 89 | 8 | 16 | 1,353 | 338 | 558 | 88 | -122 | |
| 50 | -14 | -101 | -260 | -859 | 153 | -136 | -1,071 | -212 | -736 | -165 | -75 | |
| Net Cash Flow | 4 | -0 | -15 | 2 | -6 | -10 | 0 | 19 | 21 | -5 | 14 | -29 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 130 | 128 | 149 | 138 | 37 | 45 | 54 | 70 | 39 | 34 | 38 | 32 |
| Inventory Days | 386 | 416 | 471 | 427 | 233 | 235 | 324 | 221 | 184 | 133 | 173 | 239 |
| Days Payable | 280 | 254 | 270 | 275 | 209 | 143 | 184 | 85 | 64 | 50 | 48 | 71 |
| Cash Conversion Cycle | 236 | 290 | 350 | 290 | 61 | 137 | 195 | 206 | 159 | 117 | 163 | 200 |
| Working Capital Days | 29 | 84 | 105 | 106 | -22 | 52 | 77 | 187 | 41 | 93 | 119 | 20 |
| ROCE % | 3% | 6% | 6% | 12% | 10% | 5% | 2% | -8% | 7% | -7% | 11% | 10% |
Documents
Announcements
-
Board Meeting Intimation for Approval Of Unaudited Financial Result For The Quarter And Nine Months Ended December 31, 2025
12 Jan - Board meeting Feb 12, 2026 to approve Q3 and nine-month unaudited results; trading window Jan 1–Feb 14.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under SEBI Regulation 74(5) for Mukand Limited for quarter ended December 31, 2025.
-
Closure of Trading Window
26 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3/9M results for Dec 31, 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Nov 2025
- Results-Financial Results For September 30, 2025 12 Nov 2025
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
Concalls
-
Jul 2021TranscriptAI SummaryPPT
Part of Bajaj Group
The company is a part of the Bajaj Group. [1] The group has involvement in various industries like automobiles (2 and 3-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance, etc. Other group companies include Bajaj Auto, Bajaj Electrical, Bajaj Finance, Bajaj Finserv, Bajaj Holdings & investments, etc. [2]