Mukand Ltd

₹ 128 -2.66%

30 Jan - 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]

Website BSE NSE

Market Cap ₹ 1,864 Cr.
Current Price ₹ 128
High / Low ₹ 162 / 84.4
Stock P/E 28.8
Book Value ₹ 66.3
Dividend Yield 1.56 %
ROCE 9.91 %
ROE 7.84 %
Face Value ₹ 10.0

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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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	1,462.44	1,330.47	1,312.35	1,382.29	1,376.68	1,176.68	1,239.16	1,257.99	1,262.84	1,262.27	1,106.89	1,128.71	1,160.62
	1,424.46	1,255.93	1,690.86	1,305.32	1,306.76	1,114.43	1,156.31	1,187.24	1,186.76	1,190.00	1,041.76	1,081.46	1,091.48
Operating Profit	37.98	74.54	-378.51	76.97	69.92	62.25	82.85	70.75	76.08	72.27	65.13	47.25	69.14
OPM %	2.60%	5.60%	-28.84%	5.57%	5.08%	5.29%	6.69%	5.62%	6.02%	5.73%	5.88%	4.19%	5.96%
	22.10	6.73	553.69	2.93	3.48	5.70	3.92	4.03	3.31	1.54	5.55	38.68	2.76
Interest	45.50	51.12	37.52	33.42	33.08	33.55	31.42	31.93	32.58	31.83	33.29	33.89	37.53
Depreciation	11.98	14.38	14.82	12.46	12.47	12.49	12.30	11.19	13.62	12.66	13.26	14.37	14.50
Profit before tax	2.60	15.77	122.84	34.02	27.85	21.91	43.05	31.66	33.19	29.32	24.13	37.67	19.87
Tax %	7.69%	-18.90%	-2.08%	9.05%	16.30%	11.64%	32.52%	23.15%	23.86%	49.08%	54.83%	22.94%	50.28%
	2.40	18.75	125.40	30.94	23.31	19.36	29.05	24.33	25.27	14.93	10.90	29.03	9.88
EPS in Rs	0.17	1.30	8.68	2.14	1.61	1.34	2.01	1.68	1.75	1.03	0.75	2.01	0.68
Raw PDF

Upcoming result date: 12 February 2026

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	4,658
	2,329	2,643	2,593	2,351	3,216	3,542	2,848	3,228	4,404	5,739	4,882	4,605	4,405
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	49
Interest	254	276	293	294	473	327	364	332	161	177	131	130	137
Depreciation	68	76	77	72	158	58	75	69	45	52	50	51	55
Profit before tax	-118	13	2	42	920	-158	-296	-155	151	172	127	118	111
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	65
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	4.47
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:	-34%

Stock Price CAGR
10 Years:	13%
5 Years:	16%
3 Years:	0%
1 Year:	11%

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

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%

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	74.36%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%
	0.14%	0.06%	0.08%	0.32%	0.23%	0.20%	0.22%	0.20%	0.28%	0.14%	0.18%	0.28%
	2.10%	1.52%	1.17%	1.19%	1.56%	1.74%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%
	23.40%	23.72%	24.04%	23.78%	23.50%	23.35%	23.97%	24.00%	23.93%	24.05%	24.01%	23.91%
No. of Shareholders	43,783	44,839	47,593	49,809	49,481	49,355	52,366	52,088	51,699	51,160	51,390	50,213

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	71.68%	73.12%	73.71%	74.35%	74.35%	74.72%	74.36%	74.70%	74.70%	74.70%
	0.02%	0.00%	0.09%	0.00%	0.00%	0.07%	0.14%	0.23%	0.28%	0.28%
	5.23%	3.84%	3.82%	3.79%	3.59%	3.59%	2.10%	1.56%	1.10%	1.10%
	23.06%	23.04%	22.38%	21.86%	22.06%	21.62%	23.40%	23.50%	23.93%	23.91%
No. of Shareholders	41,726	41,782	37,696	36,006	33,580	33,096	43,783	49,481	51,699	50,213

* 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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