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 ₹ 1,970 Cr.
- Current Price ₹ 136
- High / Low ₹ 162 / 95.6
- Stock P/E 32.8
- Book Value ₹ 66.3
- Dividend Yield 1.47 %
- 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 Commodities BSE 1000
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: | 5% |
| 3 Years: | 2% |
| 1 Year: | 35% |
| 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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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Intimation Board Meeting Scheduled To Be Held On May 14, 2026.
13 Apr - Board to meet on May 14, 2026 to approve FY26 results and consider dividend.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Mukand filed Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
3 Apr - Mukand Limited confirms it is not a Large Corporate for FY2025-26; annual disclosure not applicable.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
3 Apr - Mukand Ltd says it is not a Large Corporate as of March 31, 2026; borrowing was Rs. 1,687.11 crore.
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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)
31 Mar - Slump sale to wholly-owned MHEL completed 31-Mar-2026 for Rs45.78 Cr, paid via 26,347 equity shares.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2011
from nse
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]