Mukand Ltd

AI

Mukand Ltd

₹ 136 -1.12%
24 Aug - 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 1,961 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1,391 1,381 1,188 1,240 1,189 1,215 1,223 1,059 1,102 1,144 1,298 1,218 1,326
1,319 1,308 1,125 1,157 1,128 1,145 1,158 1,003 1,055 1,067 1,224 1,242 1,326
Operating Profit 72 72 63 83 61 70 64 56 48 77 74 -24 -0
OPM % 5% 5% 5% 7% 5% 6% 5% 5% 4.3% 7% 6% -2.0% -0.0%
3 3 6 4 4 10 10 19 41 -1 5 522 112
Interest 33 33 34 31 31 32 30 32 33 36 38 37 34
Depreciation 12 12 12 12 11 13 12 13 13 13 14 14 14
Profit before tax 30 30 24 43 23 34 32 30 42 26 28 447 64
Tax % 7% 20% 9% 32% -12% 22% 49% 42% 20% 39% 38% -27% 4%
28 24 21 29 26 27 16 17 34 16 17 568 61
EPS in Rs 1.91 1.69 1.48 2.02 1.81 1.87 1.13 1.20 2.34 1.10 1.19 39.29 4.24
Raw PDF

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

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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

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70%
0.08% 0.32% 0.23% 0.20% 0.22% 0.20% 0.28% 0.14% 0.18% 0.28% 0.26% 0.25%
1.17% 1.19% 1.56% 1.74% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.03%
24.04% 23.78% 23.50% 23.35% 23.97% 24.00% 23.93% 24.05% 24.01% 23.91% 23.94% 24.03%
No. of Shareholders 47,59349,80949,48149,35552,36652,08851,69951,16051,39050,21349,21849,306

* 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.

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