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 ₹ 2,578 Cr.
- Current Price ₹ 178
- High / Low ₹ 213 / 115
- Stock P/E 13.0
- Book Value ₹ 60.8
- Dividend Yield 1.11 %
- ROCE -8.29 %
- ROE -50.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 46.1 to 30.4 days.
- Company's working capital requirements have reduced from 143 days to 101 days
Cons
- Stock is trading at 2.94 times its book value
- Company has a low return on equity of -63.1% over last 3 years.
- Earnings include an other income of Rs.564 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,592 | 2,138 | 2,516 | 3,016 | 2,953 | 2,713 | 3,436 | 3,689 | 2,923 | 2,726 | 4,643 | 5,568 | 5,250 | |
2,460 | 2,034 | 2,329 | 2,643 | 2,593 | 2,351 | 3,216 | 3,542 | 2,848 | 3,228 | 4,404 | 5,739 | 5,417 | |
Operating Profit | 131 | 104 | 188 | 373 | 360 | 361 | 220 | 148 | 75 | -502 | 239 | -172 | -168 |
OPM % | 5% | 5% | 7% | 12% | 12% | 13% | 6% | 4% | 3% | -18% | 5% | -3% | -3% |
10 | -48 | 16 | -7 | 12 | 45 | 1,331 | 79 | 68 | 748 | 119 | 573 | 564 | |
Interest | 178 | 226 | 254 | 276 | 293 | 294 | 473 | 327 | 364 | 332 | 161 | 177 | 138 |
Depreciation | 66 | 65 | 68 | 76 | 77 | 72 | 158 | 58 | 75 | 69 | 45 | 52 | 52 |
Profit before tax | -102 | -234 | -118 | 13 | 2 | 42 | 920 | -158 | -296 | -155 | 151 | 172 | 207 |
Tax % | 14% | 4% | 28% | 12% | 280% | 127% | 11% | 27% | 19% | -32% | -17% | 0% | |
-87 | -224 | -84 | 12 | -6 | -11 | 821 | -115 | -240 | -204 | 176 | 172 | 199 | |
EPS in Rs | -5.94 | -15.32 | -5.98 | 0.79 | -0.53 | -0.80 | 58.06 | -8.17 | -16.96 | -14.41 | 12.47 | 11.89 | 13.77 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -7% | 12% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 24% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | -22% |
TTM: | 99% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 27% |
3 Years: | 15% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | -18% |
5 Years: | -43% |
3 Years: | -63% |
Last Year: | -51% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 73 | 73 | 147 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 145 | 145 | 145 |
Reserves | 1,968 | 1,740 | 1,726 | 1,725 | 1,714 | 173 | 938 | 774 | 529 | 321 | 522 | 709 | 735 |
Preference Capital | 6 | 6 | 0 | 6 | 6 | 0 | 4 | 3 | 4 | 4 | 6 | 6 | |
1,960 | 2,244 | 2,365 | 2,615 | 2,846 | 2,979 | 2,120 | 2,572 | 2,751 | 2,072 | 2,031 | 1,499 | 1,497 | |
1,080 | 1,145 | 1,393 | 1,381 | 1,391 | 1,181 | 1,247 | 979 | 1,038 | 703 | 827 | 825 | 615 | |
Total Liabilities | 5,080 | 5,202 | 5,632 | 5,863 | 6,093 | 4,474 | 4,447 | 4,465 | 4,460 | 3,237 | 3,524 | 3,178 | 2,992 |
2,390 | 2,417 | 2,500 | 2,461 | 2,429 | 693 | 562 | 505 | 516 | 447 | 484 | 488 | 474 | |
CWIP | 105 | 147 | 52 | 38 | 31 | 39 | 23 | 23 | 30 | 26 | 32 | 30 | 40 |
Investments | 52 | 54 | 39 | 38 | 36 | 133 | 1,268 | 1,287 | 1,214 | 528 | 128 | 159 | 2 |
2,532 | 2,584 | 3,040 | 3,326 | 3,597 | 3,609 | 2,594 | 2,650 | 2,700 | 2,236 | 2,880 | 2,501 | 2,476 | |
Total Assets | 5,080 | 5,202 | 5,632 | 5,863 | 6,093 | 4,474 | 4,447 | 4,465 | 4,460 | 3,237 | 3,524 | 3,178 | 2,992 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
101 | -46 | -59 | 19 | 135 | 319 | 894 | -56 | 150 | -328 | -102 | 106 | |
-105 | -99 | -9 | -11 | -35 | -36 | 88 | 7 | 12 | 1,345 | 280 | 619 | |
-25 | 152 | 77 | -10 | -94 | -283 | -987 | 40 | -159 | -997 | -166 | -728 | |
Net Cash Flow | -28 | 7 | 10 | -3 | 5 | -0 | -5 | -9 | 2 | 20 | 12 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 123 | 134 | 135 | 122 | 144 | 137 | 31 | 45 | 52 | 69 | 39 | 30 |
Inventory Days | 272 | 354 | 413 | 380 | 417 | 456 | 220 | 227 | 309 | 217 | 184 | 144 |
Days Payable | 200 | 250 | 296 | 230 | 238 | 294 | 196 | 138 | 172 | 84 | 64 | 50 |
Cash Conversion Cycle | 195 | 237 | 253 | 273 | 323 | 299 | 56 | 134 | 189 | 203 | 159 | 125 |
Working Capital Days | 135 | 150 | 154 | 189 | 220 | 252 | 97 | 138 | 175 | 197 | 132 | 101 |
ROCE % | 2% | 1% | 4% | 7% | 7% | 8% | 4% | 5% | 2% | -18% | 8% | -8% |
Documents
Announcements
- Certificate Under Regulation 40 (9) Of The SEBI(LODR), 2015 17 Apr
- Compliance Certificate Regulation 7(3) 12 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 8 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr
Annual reports
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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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Financial Year 2011
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Financial Year 2010
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Concalls
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Jul 2021TranscriptNotesPPT
Specialty Steel Division (~98%)[1]
Under the division, the company offers various alloy steel and stainless steel products that cater to the requirements of auto components, engineering, oil & gas, petrochemicals, healthcare, food, architecture, building, and construction industries. [2]
Its product portfolio includes various types of special steel wire rods & black bars, special steel cold heating quality wire rods, electrode quality wire rods, Blooms/ Billets, bars, etc. [3]