Mukand Ltd

Mukand Ltd

₹ 119 -0.93%
30 May - close price
About

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]

Key Points

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]

  • Market Cap 1,725 Cr.
  • Current Price 119
  • High / Low 189 / 84.4
  • Stock P/E 19.8
  • Book Value 66.4
  • Dividend Yield 1.68 %
  • ROCE 10.4 %
  • ROE 9.12 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 25.6%

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 -5.94% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,329 1,462 1,462 1,347 1,346 1,391 1,381 1,188 1,240 1,258 1,304 1,270 1,119
1,244 1,383 1,415 1,270 1,715 1,319 1,308 1,125 1,157 1,190 1,230 1,196 1,051
Operating Profit 85 80 48 78 -369 72 72 63 83 68 74 74 68
OPM % 6% 5% 3% 6% -27% 5% 5% 5% 7% 5% 6% 6% 6%
3 3 22 7 554 3 3 6 4 4 4 2 8
Interest 44 43 46 50 36 33 33 34 31 32 33 32 33
Depreciation 11 11 12 14 14 12 12 12 12 11 13 13 13
Profit before tax 32 28 12 20 134 30 30 24 43 29 32 32 30
Tax % -47% 19% 6% 17% -1% 7% 20% 9% 32% 22% 23% 49% 42%
47 23 11 17 134 28 24 21 29 22 25 16 17
EPS in Rs 3.31 1.59 0.79 1.15 9.30 1.91 1.69 1.48 2.02 1.55 1.71 1.13 1.20
Raw PDF

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
2,533 2,819 2,731 2,667 3,070 3,588 2,818 2,681 4,643 5,618 5,218 4,912
2,378 2,481 2,397 2,316 3,004 3,438 2,712 2,883 4,403 5,771 4,925 4,620
Operating Profit 155 339 334 350 66 150 107 -203 240 -153 293 291
OPM % 6% 12% 12% 13% 2% 4% 4% -8% 5% -3% 6% 6%
34 5 21 220 284 79 52 666 32 573 15 18
Interest 244 266 279 425 267 303 338 307 161 175 131 130
Depreciation 67 75 74 71 56 58 75 69 45 51 48 51
Profit before tax -123 2 2 74 26 -132 -255 88 66 194 128 129
Tax % -28% 26% 24% 85% -71% -36% -23% 48% -39% 5% 19% 33%
-88 2 2 11 44 -84 -196 46 92 185 104 87
EPS in Rs -6.22 0.11 0.11 0.79 3.12 -5.95 -13.83 3.25 6.48 12.84 7.17 6.02
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: -6%
Compounded Profit Growth
10 Years: 32%
5 Years: 20%
3 Years: 8%
TTM: -17%
Stock Price CAGR
10 Years: 12%
5 Years: 47%
3 Years: -2%
1 Year: -23%
Return on Equity
10 Years: -8%
5 Years: -15%
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
Equity Capital 141 141 141 141 141 141 141 141 145 145 145 145
Reserves 1,985 1,974 1,971 220 993 912 716 756 596 737 802 815
2,312 2,564 2,739 2,878 1,953 2,376 2,537 1,821 2,036 1,505 1,489 1,559
1,141 1,118 1,105 1,163 1,295 948 1,015 658 822 797 637 1,016
Total Liabilities 5,579 5,797 5,957 4,402 4,381 4,378 4,409 3,377 3,598 3,183 3,072 3,535
2,486 2,448 2,407 693 562 505 516 447 484 447 441 529
CWIP 50 26 29 39 23 23 30 26 32 30 34 33
Investments 251 251 251 267 1,428 1,453 1,429 715 188 275 121 30
2,792 3,072 3,270 3,404 2,368 2,397 2,435 2,189 2,894 2,431 2,476 2,943
Total Assets 5,579 5,797 5,957 4,402 4,381 4,378 4,409 3,377 3,598 3,183 3,072 3,535

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 77 169
-19 2 -31 -33 89 8 16 1,353 338 558 102 -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 13 -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 42 32
Inventory Days 386 416 471 427 233 235 324 221 184 133 161 239
Days Payable 280 254 270 275 209 143 184 85 64 50 47 71
Cash Conversion Cycle 236 290 350 290 61 137 195 206 159 117 155 200
Working Capital Days 143 192 223 236 83 120 150 198 132 97 119 128
ROCE % 3% 6% 6% 12% 10% 5% 2% -8% 7% -7% 11% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.82% 73.82% 73.82% 74.36% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70%
0.03% 0.08% 0.04% 0.14% 0.06% 0.08% 0.32% 0.23% 0.20% 0.22% 0.20% 0.28%
3.27% 2.18% 2.18% 2.10% 1.52% 1.17% 1.19% 1.56% 1.74% 1.10% 1.10% 1.10%
22.88% 23.92% 23.96% 23.40% 23.72% 24.04% 23.78% 23.50% 23.35% 23.97% 24.00% 23.93%
No. of Shareholders 44,62745,26743,17543,78344,83947,59349,80949,48149,35552,36652,08851,699

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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