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 ₹ 1,961 Cr.
- Current Price ₹ 136
- High / Low ₹ 154 / 114
- Stock P/E 2.94
- Book Value ₹ 117
- Dividend Yield 1.47 %
- ROCE 5.60 %
- ROE 7.53 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.16 times its book value
- Company has been maintaining a healthy dividend payout of 22.6%
Cons
- Tax rate seems low
- Company has a low return on equity of 8.94% over last 3 years.
- Earnings include an other income of Rs.638 Cr.
* 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE Industrials BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,819 | 2,731 | 2,667 | 3,070 | 3,588 | 2,818 | 2,681 | 4,623 | 5,618 | 5,218 | 4,912 | 4,892 | 4,986 | |
| 2,481 | 2,397 | 2,316 | 3,004 | 3,438 | 2,712 | 2,883 | 4,379 | 5,771 | 4,925 | 4,655 | 4,711 | 4,859 | |
| Operating Profit | 339 | 334 | 350 | 66 | 150 | 107 | -203 | 244 | -153 | 293 | 257 | 181 | 127 |
| OPM % | 12% | 12% | 13% | 2.1% | 4.2% | 3.8% | -8% | 5% | -2.7% | 6% | 5% | 3.7% | 2.5% |
| 5 | 21 | 220 | 284 | 79 | 52 | 666 | 39 | 573 | 15 | 52 | 566 | 638 | |
| Interest | 266 | 279 | 425 | 267 | 303 | 338 | 307 | 132 | 175 | 131 | 130 | 150 | 146 |
| Depreciation | 75 | 74 | 71 | 56 | 58 | 75 | 69 | 45 | 51 | 48 | 50 | 54 | 55 |
| Profit before tax | 2 | 2 | 74 | 26 | -132 | -255 | 88 | 106 | 194 | 128 | 129 | 543 | 564 |
| Tax % | 26% | 24% | 85% | -71% | -36% | -23% | 48% | -16% | 5% | 19% | 33% | -17% | |
| 2 | 2 | 11 | 44 | -84 | -196 | 46 | 122 | 185 | 104 | 87 | 635 | 662 | |
| EPS in Rs | 0.11 | 0.11 | 0.79 | 3.12 | -5.95 | -13.83 | 3.25 | 8.64 | 12.84 | 7.17 | 6.02 | 43.92 | 45.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 31% | 17% | 16% | 28% | 33% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 13% |
| 3 Years: | -5% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 49% |
| 5 Years: | 17% |
| 3 Years: | 32% |
| TTM: | 843% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | -1% |
| 3 Years: | -6% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | 1% |
| 3 Years: | 9% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 145 | 145 | 145 | 145 |
| Reserves | 1,974 | 1,971 | 220 | 993 | 912 | 716 | 756 | 862 | 737 | 802 | 815 | 1,549 |
| 2,564 | 2,739 | 2,878 | 1,953 | 2,376 | 2,537 | 1,821 | 1,764 | 1,505 | 1,489 | 1,559 | 1,697 | |
| 1,118 | 1,105 | 1,163 | 1,295 | 948 | 1,015 | 658 | 774 | 797 | 637 | 1,016 | 790 | |
| Total Liabilities | 5,797 | 5,957 | 4,402 | 4,381 | 4,378 | 4,409 | 3,377 | 3,541 | 3,183 | 3,072 | 3,535 | 4,180 |
| 2,448 | 2,407 | 693 | 562 | 505 | 516 | 447 | 481 | 447 | 441 | 529 | 456 | |
| CWIP | 26 | 29 | 39 | 23 | 23 | 30 | 26 | 32 | 30 | 34 | 33 | 55 |
| Investments | 251 | 251 | 267 | 1,428 | 1,453 | 1,429 | 715 | 207 | 275 | 121 | 30 | 259 |
| 3,072 | 3,270 | 3,404 | 2,368 | 2,397 | 2,435 | 2,189 | 2,822 | 2,431 | 2,476 | 2,943 | 3,410 | |
| Total Assets | 5,797 | 5,957 | 4,402 | 4,381 | 4,378 | 4,409 | 3,377 | 3,541 | 3,183 | 3,072 | 3,535 | 4,180 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12 | 117 | 295 | 764 | -172 | 121 | -262 | -105 | 174 | 77 | 168 | -518 | |
| 2 | -31 | -33 | 89 | 8 | 16 | 1,353 | 338 | 558 | 102 | -122 | 531 | |
| -14 | -101 | -260 | -859 | 153 | -136 | -1,071 | -212 | -736 | -165 | -75 | -20 | |
| Net Cash Flow | -0 | -15 | 2 | -6 | -10 | 0 | 19 | 21 | -5 | 13 | -29 | -6 |
| Free Cash Flow | -2 | 81 | 261 | 852 | -166 | 103 | 369 | -275 | 793 | 27 | 64 | 32 |
| CFO/OP | -2% | 37% | 86% | 1,184% | -115% | 115% | 138% | -38% | -117% | 27% | 62% | -283% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 149 | 138 | 37 | 45 | 54 | 70 | 38 | 34 | 42 | 32 | 28 |
| Inventory Days | 416 | 471 | 427 | 233 | 235 | 324 | 221 | 182 | 133 | 161 | 238 | 277 |
| Days Payable | 254 | 270 | 275 | 209 | 143 | 184 | 85 | 62 | 50 | 47 | 71 | 63 |
| Cash Conversion Cycle | 290 | 350 | 290 | 61 | 137 | 195 | 206 | 157 | 117 | 155 | 200 | 241 |
| Working Capital Days | 84 | 105 | 106 | -22 | 52 | 77 | 187 | 55 | 93 | 115 | 20 | 57 |
| ROCE % | 6% | 6% | 12% | 10% | 5% | 2% | -8% | 8% | -7% | 11% | 9% | 6% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Steel Production Metric Tonnes |
|
|||||||||
| Export Share of Revenue % of Total Revenue |
||||||||||
| Alloy Steel Production Metric Tonnes |
||||||||||
| Stainless Steel Production Metric Tonnes |
||||||||||
| Combined Steel Installed Capacity (Mukand Group) Metric Tonnes per Annum |
||||||||||
| Alloy Steel End-User Mix - Auto Components % of Sales |
||||||||||
| Alloy Steel End-User Mix - Bearings % of Sales |
||||||||||
| Alloy Steel End-User Mix - Exports % of Sales |
||||||||||
| Alloy Steel End-User Mix - Fasteners % of Sales |
||||||||||
| Number of Steel Grades Offered Grades |
||||||||||
| Stainless Steel Melting Capacity (Kalwe Plant) Metric Tonnes per Annum |
||||||||||
| Stainless Steel Sales Mix - Direct Exports % of Sales |
||||||||||
| Stainless Steel Sales Mix - Domestic % of Sales |
||||||||||
| Stainless Steel Sales Mix - Indirect Exports % of Sales |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement Under Regulation 30 (LODR) - Update (Sale Of Land At Kalwa)
- Mukand received Rs.59.29 crore on August 19, 2026 as second tranche for Kalwa land sale.
-
Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL reaffirmed Mukand’s ratings on ₹1,585 crore facilities and ₹75 crore fixed deposits on August 17, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Mukand Ltd’s 88th AGM resolutions, including dividends and NCD approval, passed with requisite majority on August 12, 2026.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2012
from bse
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]