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 ₹ 1,793 Cr.
- Current Price ₹ 124
- High / Low ₹ 162 / 84.4
- Stock P/E 29.9
- Book Value ₹ 66.3
- Dividend Yield 1.61 %
- ROCE 9.91 %
- ROE 7.84 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 27.6%
- Company's working capital requirements have reduced from 78.5 days to 19.5 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of -8.25% 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 Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,516 | 3,016 | 2,953 | 2,713 | 3,436 | 3,689 | 2,923 | 2,726 | 4,643 | 5,568 | 5,175 | 4,890 | 4,728 | |
| 2,329 | 2,643 | 2,593 | 2,351 | 3,216 | 3,542 | 2,848 | 3,228 | 4,404 | 5,739 | 4,882 | 4,605 | 4,474 | |
| Operating Profit | 188 | 373 | 360 | 361 | 220 | 148 | 75 | -502 | 239 | -172 | 293 | 285 | 254 |
| OPM % | 7% | 12% | 12% | 13% | 6% | 4% | 3% | -18% | 5% | -3% | 6% | 6% | 5% |
| 16 | -7 | 12 | 45 | 1,331 | 79 | 68 | 748 | 119 | 573 | 15 | 14 | 51 | |
| Interest | 254 | 276 | 293 | 294 | 473 | 327 | 364 | 332 | 161 | 177 | 131 | 130 | 144 |
| Depreciation | 68 | 76 | 77 | 72 | 158 | 58 | 75 | 69 | 45 | 52 | 50 | 51 | 58 |
| Profit before tax | -118 | 13 | 2 | 42 | 920 | -158 | -296 | -155 | 151 | 172 | 127 | 118 | 102 |
| Tax % | -28% | 12% | 280% | 127% | 11% | -27% | -19% | 32% | -17% | 0% | 18% | 36% | |
| -84 | 12 | -6 | -11 | 821 | -115 | -240 | -204 | 176 | 172 | 104 | 76 | 60 | |
| EPS in Rs | -5.98 | 0.79 | -0.53 | -0.80 | 58.06 | -8.17 | -16.96 | -14.41 | 12.47 | 11.89 | 7.19 | 5.25 | 4.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -7% | 12% | 17% | 28% | 38% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 11% |
| 3 Years: | 2% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 18% |
| 3 Years: | -2% |
| TTM: | -36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 6% |
| 3 Years: | -5% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | -19% |
| 5 Years: | -28% |
| 3 Years: | -8% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 147 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 145 | 145 | 145 | 145 | 145 |
| Reserves | 1,726 | 1,725 | 1,714 | 173 | 938 | 774 | 529 | 321 | 522 | 709 | 760 | 805 | 813 |
| 2,365 | 2,621 | 2,852 | 2,979 | 2,124 | 2,575 | 2,755 | 2,076 | 2,036 | 1,505 | 1,489 | 1,559 | 1,811 | |
| 1,393 | 1,376 | 1,386 | 1,181 | 1,243 | 975 | 1,034 | 699 | 822 | 819 | 636 | 1,033 | 1,007 | |
| Total Liabilities | 5,632 | 5,863 | 6,093 | 4,474 | 4,447 | 4,465 | 4,460 | 3,237 | 3,524 | 3,178 | 3,030 | 3,542 | 3,776 |
| 2,500 | 2,461 | 2,429 | 693 | 562 | 505 | 516 | 447 | 484 | 488 | 452 | 539 | 506 | |
| CWIP | 52 | 38 | 31 | 39 | 23 | 23 | 30 | 26 | 32 | 30 | 34 | 140 | 187 |
| Investments | 39 | 38 | 36 | 133 | 1,268 | 1,287 | 1,214 | 528 | 128 | 159 | 10 | 29 | 43 |
| 3,040 | 3,326 | 3,597 | 3,609 | 2,594 | 2,650 | 2,700 | 2,236 | 2,880 | 2,501 | 2,534 | 2,833 | 3,040 | |
| Total Assets | 5,632 | 5,863 | 6,093 | 4,474 | 4,447 | 4,465 | 4,460 | 3,237 | 3,524 | 3,178 | 3,030 | 3,542 | 3,776 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -59 | 19 | 135 | 319 | 894 | -56 | 150 | -328 | -102 | 106 | 65 | 180 | |
| -9 | -11 | -35 | -36 | 88 | 7 | 12 | 1,345 | 280 | 619 | 99 | -124 | |
| 77 | -10 | -94 | -283 | -987 | 40 | -159 | -997 | -166 | -728 | -152 | -86 | |
| Net Cash Flow | 10 | -3 | 5 | -0 | -5 | -9 | 2 | 20 | 12 | -3 | 12 | -29 |
| Free Cash Flow | -84 | -6 | 97 | 283 | 980 | -50 | 129 | 302 | -319 | 726 | 12 | 74 |
| CFO/OP | -31% | 1% | 41% | 90% | 412% | -36% | 205% | 69% | -37% | -66% | 23% | 61% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 135 | 122 | 144 | 137 | 31 | 45 | 52 | 69 | 39 | 30 | 38 | 32 |
| Inventory Days | 413 | 380 | 417 | 456 | 220 | 227 | 309 | 217 | 184 | 144 | 173 | 240 |
| Days Payable | 296 | 230 | 238 | 294 | 196 | 138 | 172 | 84 | 64 | 50 | 48 | 71 |
| Cash Conversion Cycle | 253 | 273 | 323 | 299 | 56 | 134 | 189 | 203 | 159 | 125 | 163 | 201 |
| Working Capital Days | 39 | 87 | 104 | 119 | -15 | 53 | 77 | 155 | 41 | 97 | 119 | 20 |
| ROCE % | 4% | 7% | 7% | 8% | 4% | 5% | 2% | -18% | 8% | -8% | 11% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Steel Production Volume Metric Tonnes (MT) ・Standalone data |
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| Industrial Machinery Order Book INR Crore ・Standalone data |
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| Alloy Steel Production Volume Metric Tonnes (MT) ・Standalone data |
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| Stainless Steel Production Volume Metric Tonnes (MT) ・Standalone data |
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| Alloy Steel Sales Volume Metric Tonnes (MT) ・Standalone data |
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| Installed Melting Capacity (Stainless Steel - Kalwe) Metric Tonnes Per Annum (TPA) ・Standalone data |
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| Stainless Steel Sales Volume Metric Tonnes (MT) ・Standalone data |
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Documents
Announcements
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Announcement Under Regulation 30 (LODR)-Update (Intimation Regarding Completion Of The Slump Sale Pursuant To Business Transfer Agreement Entered With Mukand Heavy Engineering Limited, Wholly Owned Subsidiary Of Mukand Limited For Transfer Of Part Of Industrial Machinery Business Via Slump Sale)
18h - Slump sale to wholly-owned MHEL completed 31-Mar-2026 for Rs45.78 Cr, paid via 26,347 equity shares.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Execution Of Deeds Of Conveyance For Sale Of Land At Dighe, Thane, Maharashtra.
27 Mar - Executed deeds to sell Dighe/Kalwa land for Rs.555.34 crore; closing 27 Mar 2026.
- Closure of Trading Window 25 Mar
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 23 Mar
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Feb - Advertisement of Postal Ballot Notice published in News Papers
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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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]