Mukand Ltd

₹ 141 1.45%

02 Jun - 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 ₹ 2,043 Cr.
Current Price ₹ 141
High / Low ₹ 162 / 112
Stock P/E 3.38
Book Value ₹ 105
Dividend Yield 1.42 %
ROCE 23.1 %
ROE 48.9 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 21.8% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
Company has been maintaining a healthy dividend payout of 25.2%

Cons

Tax rate seems low
Earnings include an other income of Rs.554 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

Commodities Metals & Mining Ferrous Metals Iron & Steel

Part of BSE Commodities BSE 1000

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	1,312	1,382	1,377	1,177	1,239	1,258	1,263	1,262	1,107	1,129	1,161	1,329	1,269
	1,691	1,305	1,307	1,114	1,156	1,187	1,187	1,190	1,042	1,081	1,091	1,257	1,287
Operating Profit	-379	77	70	62	83	71	76	72	65	47	69	72	-17
OPM %	-29%	6%	5%	5%	7%	6%	6%	6%	6%	4%	6%	5%	-1%
	554	3	3	6	4	4	3	2	6	39	3	4	508
Interest	38	33	33	34	31	32	33	32	33	34	38	40	39
Depreciation	15	12	12	12	12	11	14	13	13	14	14	16	18
Profit before tax	123	34	28	22	43	32	33	29	24	38	20	21	434
Tax %	-2%	9%	16%	12%	33%	23%	24%	49%	55%	23%	50%	51%	-28%
	125	31	23	19	29	24	25	15	11	29	10	10	555
EPS in Rs	8.68	2.14	1.61	1.34	2.01	1.68	1.75	1.03	0.75	2.01	0.68	0.71	38.41
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,016	2,953	2,713	3,436	3,689	2,923	2,726	4,643	5,568	5,175	4,890	4,890
	2,643	2,593	2,351	3,216	3,542	2,848	3,228	4,404	5,739	4,882	4,605	4,719
Operating Profit	373	360	361	220	148	75	-502	239	-172	293	285	171
OPM %	12%	12%	13%	6%	4%	3%	-18%	5%	-3%	6%	6%	4%
	-7	12	45	1,331	79	68	748	119	573	15	14	554
Interest	276	293	294	473	327	364	332	161	177	131	130	150
Depreciation	76	77	72	158	58	75	69	45	52	50	51	62
Profit before tax	13	2	42	920	-158	-296	-155	151	172	127	118	512
Tax %	12%	280%	127%	11%	-27%	-19%	32%	-17%	0%	18%	36%	-18%
	12	-6	-11	821	-115	-240	-204	176	172	104	76	604
EPS in Rs	0.79	-0.53	-0.80	58.06	-8.17	-16.96	-14.41	12.47	11.89	7.19	5.25	41.81
Dividend Payout %	0%	0%	0%	0%	0%	0%	-7%	12%	17%	28%	38%	10%

Compounded Sales Growth
10 Years:	5%
5 Years:	12%
3 Years:	-4%
TTM:	0%

Compounded Profit Growth
10 Years:	47%
5 Years:	22%
3 Years:	53%
TTM:	731%

Stock Price CAGR
10 Years:	15%
5 Years:	3%
3 Years:	3%
1 Year:	22%

Return on Equity
10 Years:	-13%
5 Years:	11%
3 Years:	26%
Last Year:	49%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	141	141	141	141	141	141	141	145	145	145	145	145
Reserves	1,725	1,714	173	938	774	529	321	522	709	760	805	1,378
	2,621	2,852	2,979	2,124	2,575	2,755	2,076	2,036	1,505	1,489	1,559	1,697
	1,376	1,386	1,181	1,243	975	1,034	699	822	819	636	1,033	858
Total Liabilities	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,030	3,542	4,077
	2,461	2,429	693	562	505	516	447	484	488	452	539	632
CWIP	38	31	39	23	23	30	26	32	30	34	140	93
Investments	38	36	133	1,268	1,287	1,214	528	128	159	10	29	40
	3,326	3,597	3,609	2,594	2,650	2,700	2,236	2,880	2,501	2,534	2,833	3,312
Total Assets	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,030	3,542	4,077

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	19	135	319	894	-56	150	-328	-102	106	65	180	-441
	-11	-35	-36	88	7	12	1,345	280	619	99	-124	472
	-10	-94	-283	-987	40	-159	-997	-166	-728	-152	-86	-37
Net Cash Flow	-3	5	-0	-5	-9	2	20	12	-3	12	-29	-6
Free Cash Flow	-6	97	283	980	-50	129	302	-319	726	12	74	40
CFO/OP	1%	41%	90%	412%	-36%	205%	69%	-37%	-66%	23%	61%	-255%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	122	144	137	31	45	52	69	39	30	38	32	32
Inventory Days	380	417	456	220	227	309	217	184	144	173	240	278
Days Payable	230	238	294	196	138	172	84	64	50	48	71	65
Cash Conversion Cycle	273	323	299	56	134	189	203	159	125	163	201	245
Working Capital Days	87	104	119	-15	53	77	155	41	97	119	20	62
ROCE %	7%	7%	8%	4%	5%	2%	-18%	8%	-8%	11%	10%	23%

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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xxx.xx			xxx.xx	xxx.xx		xxx.xx	xxx.xx		xxx.xx	xxx.xx
				xxx,xxx	xxx,xxx	xxx,xxx		xxx,xxx	xxx,xxx	xxx,xxx
				xxx,xxx	xx,xxx	xx,xxx		xxx,xxx	xxx,xxx	xxx,xxx
							xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
				xxx,xxx		xxx,xxx			xxx,xxx	xxx,xxx
							xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx

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Industrial Machinery Order Book
INR Crore ・Standalone data

Alloy Steel Production Volume
Metric Tonnes (MT) ・Standalone data

Stainless Steel Production Volume
Metric Tonnes (MT) ・Standalone data

Alloy Steel Sales Volume
Metric Tonnes (MT) ・Standalone data

Installed Melting Capacity (Stainless Steel - Kalwe)
Metric Tonnes Per Annum (TPA) ・Standalone data

Stainless Steel Sales Volume
Metric Tonnes (MT) ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%
	0.06%	0.08%	0.32%	0.23%	0.20%	0.22%	0.20%	0.28%	0.14%	0.18%	0.28%	0.26%
	1.52%	1.17%	1.19%	1.56%	1.74%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%
	23.72%	24.04%	23.78%	23.50%	23.35%	23.97%	24.00%	23.93%	24.05%	24.01%	23.91%	23.94%
No. of Shareholders	44,839	47,593	49,809	49,481	49,355	52,366	52,088	51,699	51,160	51,390	50,213	49,218

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	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%	0.26%
	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%	23.94%
No. of Shareholders	41,726	41,782	37,696	36,006	33,580	33,096	43,783	49,481	51,699	49,218

* 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

Insights

Shareholding Pattern

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