Mukand Ltd

₹ 148 1.15%

11 Dec 3:55 p.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 ₹ 2,142 Cr.
Current Price ₹ 148
High / Low ₹ 213 / 126
Stock P/E 21.7
Book Value ₹ 65.1
Dividend Yield 1.35 %
ROCE 10.8 %
ROE 11.5 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 23.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 19.1%

Cons

Company has a low return on equity of -9.39% 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

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	1,199	1,324	1,331	1,464	1,462	1,330	1,312	1,382	1,377	1,177	1,239	1,258	1,263
	1,145	1,255	1,244	1,383	1,424	1,256	1,691	1,305	1,307	1,114	1,156	1,187	1,187
Operating Profit	55	68	88	82	38	75	-379	77	70	62	83	71	76
OPM %	5%	5%	7%	6%	3%	6%	-29%	6%	5%	5%	7%	6%	6%
	7	25	7	3	22	7	554	3	3	6	4	4	3
Interest	38	40	44	43	46	51	38	33	33	34	31	32	33
Depreciation	11	11	11	11	12	14	15	12	12	12	12	11	14
Profit before tax	12	42	39	31	3	16	123	34	28	22	43	32	33
Tax %	-42%	17%	-37%	19%	8%	-19%	-2%	9%	16%	12%	32%	23%	22%
	18	35	54	25	2	19	125	31	23	19	29	24	26
EPS in Rs	1.24	2.48	3.81	1.75	0.17	1.30	8.68	2.14	1.61	1.34	2.01	1.68	1.78
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	2,138	2,516	3,016	2,953	2,713	3,436	3,689	2,923	2,726	4,643	5,568	5,175	4,937
	2,034	2,329	2,643	2,593	2,351	3,216	3,542	2,848	3,228	4,404	5,739	4,882	4,645
Operating Profit	104	188	373	360	361	220	148	75	-502	239	-172	293	292
OPM %	5%	7%	12%	12%	13%	6%	4%	3%	-18%	5%	-3%	6%	6%
	-48	16	-7	12	45	1,331	79	68	748	119	573	15	17
Interest	226	254	276	293	294	473	327	364	332	161	177	131	129
Depreciation	65	68	76	77	72	158	58	75	69	45	52	50	50
Profit before tax	-234	-118	13	2	42	920	-158	-296	-155	151	172	127	130
Tax %	-4%	-28%	12%	280%	127%	11%	-27%	-19%	32%	-17%	0%	19%
	-224	-84	12	-6	-11	821	-115	-240	-204	176	172	103	99
EPS in Rs	-15.32	-5.98	0.79	-0.53	-0.80	58.06	-8.17	-16.96	-14.41	12.47	11.89	7.11	6.81
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	-7%	12%	17%	28%

Compounded Sales Growth
10 Years:	7%
5 Years:	7%
3 Years:	24%
TTM:	-9%

Compounded Profit Growth
10 Years:	13%
5 Years:	23%
3 Years:	28%
TTM:	-50%

Stock Price CAGR
10 Years:	13%
5 Years:	39%
3 Years:	5%
1 Year:	-12%

Return on Equity
10 Years:	-18%
5 Years:	-38%
3 Years:	-9%
Last Year:	11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	73	147	141	141	141	141	141	141	141	145	145	145	145
Reserves	1,740	1,726	1,725	1,714	173	938	774	529	321	522	709	777	796
	2,250	2,365	2,621	2,852	2,979	2,124	2,575	2,755	2,076	2,036	1,505	1,489	1,480
	1,139	1,393	1,376	1,386	1,181	1,243	975	1,034	699	822	819	636	792
Total Liabilities	5,202	5,632	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,046	3,212
	2,417	2,500	2,461	2,429	693	562	505	516	447	484	488	482	469
CWIP	147	52	38	31	39	23	23	30	26	32	30	34	69
Investments	54	39	38	36	133	1,268	1,287	1,214	528	128	159	10	28
	2,584	3,040	3,326	3,597	3,609	2,594	2,650	2,700	2,236	2,880	2,501	2,520	2,646
Total Assets	5,202	5,632	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,046	3,212

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-46	-59	19	135	319	894	-56	150	-328	-102	106	65
	-99	-9	-11	-35	-36	88	7	12	1,345	280	619	99
	152	77	-10	-94	-283	-987	40	-159	-997	-166	-728	-152
Net Cash Flow	7	10	-3	5	-0	-5	-9	2	20	12	-3	12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	134	135	122	144	137	31	45	52	69	39	30	38
Inventory Days	354	413	380	417	456	220	227	309	217	184	144	173
Days Payable	250	296	230	238	294	196	138	172	84	64	50	48
Cash Conversion Cycle	237	253	273	323	299	56	134	189	203	159	125	163
Working Capital Days	150	154	189	220	252	97	138	175	197	132	101	123
ROCE %	1%	4%	7%	7%	8%	4%	5%	2%	-18%	8%	-8%	11%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	74.61%	74.72%	73.82%	73.82%	73.82%	74.36%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%
	0.07%	0.07%	0.03%	0.08%	0.04%	0.14%	0.06%	0.08%	0.32%	0.23%	0.20%	0.22%
	3.59%	3.59%	3.27%	2.18%	2.18%	2.10%	1.52%	1.17%	1.19%	1.56%	1.74%	1.10%
	21.73%	21.62%	22.88%	23.92%	23.96%	23.40%	23.72%	24.04%	23.78%	23.50%	23.35%	23.97%
No. of Shareholders	32,347	33,096	44,627	45,267	43,175	43,783	44,839	47,593	49,809	49,481	49,355	52,366

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	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%	0.22%
	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%	23.97%
No. of Shareholders	41,726	41,782	37,696	36,006	33,580	33,096	43,783	49,481	52,366

* 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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