Mukand Ltd

₹ 107 -1.25%

21 May 10:14 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]

Website BSE NSE

Market Cap ₹ 1,543 Cr.
Current Price ₹ 107
High / Low ₹ 189 / 84.4
Stock P/E 20.3
Book Value ₹ 65.7
Dividend Yield 1.85 %
ROCE 10.1 %
ROE 8.11 %
Face Value ₹ 10.0

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Pros

Company has been maintaining a healthy dividend payout of 27.7%

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 -8.11% 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

Sector: Steel Industry: Steel - Large

Part of BSE SmallCap BSE Allcap BSE Commodities

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	1,331	1,464	1,462	1,330	1,312	1,382	1,377	1,177	1,239	1,258	1,263	1,262	1,107
	1,244	1,383	1,424	1,256	1,691	1,305	1,307	1,114	1,156	1,187	1,187	1,190	1,042
Operating Profit	88	82	38	75	-379	77	70	62	83	71	76	72	65
OPM %	7%	6%	3%	6%	-29%	6%	5%	5%	7%	6%	6%	6%	6%
	7	3	22	7	554	3	3	6	4	4	3	2	6
Interest	44	43	46	51	38	33	33	34	31	32	33	32	33
Depreciation	11	11	12	14	15	12	12	12	12	11	14	13	13
Profit before tax	39	31	3	16	123	34	28	22	43	32	33	29	24
Tax %	-37%	19%	8%	-19%	-2%	9%	16%	12%	33%	23%	22%	49%	55%
	54	25	2	19	125	31	23	19	29	24	26	15	11
EPS in Rs	3.81	1.75	0.17	1.30	8.68	2.14	1.61	1.34	2.01	1.68	1.78	1.03	0.75
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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
	2,516	3,016	2,953	2,713	3,436	3,689	2,923	2,726	4,643	5,568	5,175	4,890
	2,329	2,643	2,593	2,351	3,216	3,542	2,848	3,228	4,404	5,739	4,882	4,606
Operating Profit	188	373	360	361	220	148	75	-502	239	-172	293	284
OPM %	7%	12%	12%	13%	6%	4%	3%	-18%	5%	-3%	6%	6%
	16	-7	12	45	1,331	79	68	748	119	573	15	14
Interest	254	276	293	294	473	327	364	332	161	177	131	130
Depreciation	68	76	77	72	158	58	75	69	45	52	50	51
Profit before tax	-118	13	2	42	920	-158	-296	-155	151	172	127	118
Tax %	-28%	12%	280%	127%	11%	-27%	-19%	32%	-17%	0%	19%	36%
	-84	12	-6	-11	821	-115	-240	-204	176	172	103	76
EPS in Rs	-5.98	0.79	-0.53	-0.80	58.06	-8.17	-16.96	-14.41	12.47	11.89	7.11	5.25
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:	13%
5 Years:	18%
3 Years:	-1%
TTM:	-25%

Stock Price CAGR
10 Years:	10%
5 Years:	45%
3 Years:	-4%
1 Year:	-31%

Return on Equity
10 Years:	-19%
5 Years:	-27%
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
Equity Capital	147	141	141	141	141	141	141	141	145	145	145	145
Reserves	1,726	1,725	1,714	173	938	774	529	321	522	709	777	805
	2,365	2,621	2,852	2,979	2,124	2,575	2,755	2,076	2,036	1,505	1,489	1,559
	1,393	1,376	1,386	1,181	1,243	975	1,034	699	822	819	636	1,033
Total Liabilities	5,632	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,046	3,542
	2,500	2,461	2,429	693	562	505	516	447	484	488	482	539
CWIP	52	38	31	39	23	23	30	26	32	30	34	140
Investments	39	38	36	133	1,268	1,287	1,214	528	128	159	10	29
	3,040	3,326	3,597	3,609	2,594	2,650	2,700	2,236	2,880	2,501	2,520	2,833
Total Assets	5,632	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,046	3,542

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

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	154	189	220	252	97	138	175	197	132	101	123	128
ROCE %	4%	7%	7%	8%	4%	5%	2%	-18%	8%	-8%	11%	10%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 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	44,627	45,267	43,175	43,783	44,839	47,593	49,809	49,481	49,355	52,366	52,088	51,699

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	71.68%	73.12%	73.71%	74.35%	74.35%	74.72%	74.36%	74.70%	74.70%
	0.02%	0.00%	0.09%	0.00%	0.00%	0.07%	0.14%	0.23%	0.28%
	5.23%	3.84%	3.82%	3.79%	3.59%	3.59%	2.10%	1.56%	1.10%
	23.06%	23.04%	22.38%	21.86%	22.06%	21.62%	23.40%	23.50%	23.93%
No. of Shareholders	41,726	41,782	37,696	36,006	33,580	33,096	43,783	49,481	51,699

* 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.

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Mukand Ltd

Mukand Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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