Mukand Ltd

Mukand Ltd

₹ 134 0.22%
17 Nov 11:14 a.m.
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 1,943 Cr.
  • Current Price 134
  • High / Low 162 / 84.4
  • Stock P/E 20.6
  • Book Value 67.7
  • Dividend Yield 1.49 %
  • 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,462 1,347 1,346 1,391 1,381 1,188 1,240 1,189 1,215 1,270 1,059 1,102 1,144
1,415 1,270 1,715 1,319 1,308 1,125 1,157 1,128 1,145 1,196 1,003 1,055 1,067
Operating Profit 48 78 -369 72 72 63 83 61 70 74 56 48 77
OPM % 3% 6% -27% 5% 5% 5% 7% 5% 6% 6% 5% 4% 7%
22 7 554 3 3 6 4 4 10 2 8 41 -1
Interest 46 50 36 33 33 34 31 31 32 32 32 33 36
Depreciation 12 14 14 12 12 12 12 11 13 13 13 13 13
Profit before tax 12 20 134 30 30 24 43 23 34 32 19 42 26
Tax % 6% 17% -1% 7% 20% 9% 32% -12% 22% 49% 9% 20% 39%
11 17 134 28 24 21 29 26 27 16 17 34 16
EPS in Rs 0.79 1.15 9.30 1.91 1.69 1.48 2.02 1.81 1.87 1.13 1.20 2.34 1.10
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 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: 15%
5 Years: 23%
3 Years: 9%
1 Year: 3%
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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
73.82% 74.36% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70%
0.04% 0.14% 0.06% 0.08% 0.32% 0.23% 0.20% 0.22% 0.20% 0.28% 0.14% 0.18%
2.18% 2.10% 1.52% 1.17% 1.19% 1.56% 1.74% 1.10% 1.10% 1.10% 1.10% 1.10%
23.96% 23.40% 23.72% 24.04% 23.78% 23.50% 23.35% 23.97% 24.00% 23.93% 24.05% 24.01%
No. of Shareholders 43,17543,78344,83947,59349,80949,48149,35552,36652,08851,69951,16051,390

* 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.

Documents

Concalls