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Mukand Overview

Mukand Ltd is a holding company, that's engaged inside the manufacturing of alloy steel and stainless-steel bars, rods, structurals and rails. The Company operates via the segments, inclusive of Speciality Steel, Power Generation, Industrial Machinery and Engineering Contracts and Others. Its services and products for Speciality Steel segment include billets, blooms, rounds, wire rods, bars, rods and sections, brilliant bars and wires of special and alloy metallic and stainless-steel. Its products and services for Industrial Machinery and Engin...Read More

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Mukand Key Financials

Market Cap ₹1984 Cr.

Stock P/E 26.1

P/B 2

Current Price ₹137.3

Book Value ₹ 67

Face Value 10

52W High ₹160.9

Dividend Yield 1.46%

52W Low ₹ 95.8

Mukand Share Price

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Volume
Price

Mukand Quarterly Price

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Mukand Peer Comparison

Mukand Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1377 1177 1239 1258 1263 1262 1107 1129 1161 1331
Other Income 3 6 4 4 3 2 6 39 3 4
Total Income 1380 1182 1243 1262 1266 1264 1112 1167 1163 1335
Total Expenditure 1307 1114 1156 1187 1187 1190 1042 1081 1091 1259
Operating Profit 73 68 87 75 79 74 71 86 72 76
Interest 33 34 31 32 33 32 33 34 38 40
Depreciation 12 12 12 11 14 13 13 14 15 16
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 28 22 43 32 33 29 24 38 20 21
Provision for Tax 5 3 14 7 8 14 13 9 10 11
Profit After Tax 23 19 29 24 25 15 11 29 10 10
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 23 19 29 24 25 15 11 29 10 10
Adjusted Earnings Per Share 1.6 1.3 2 1.7 1.7 1 0.8 2 0.7 0.7

Mukand Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3005 2953 2713 3436 3689 2923 2726 4643 5568 5175 4890 4728
Other Income 19 25 59 66 60 68 750 114 602 77 18 52
Total Income 3024 2978 2771 3502 3750 2991 3476 4757 6170 5252 4908 4777
Total Expenditure 2644 2593 2378 3245 3542 2798 3177 4410 5761 4944 4610 4473
Operating Profit 381 385 393 257 208 193 300 348 408 308 299 305
Interest 276 293 294 473 327 364 332 161 177 131 130 145
Depreciation 76 77 72 158 58 75 69 45 52 50 51 58
Exceptional Income / Expenses -15 -13 0 1283 0 0 0 0 0 0 0 0
Profit Before Tax 13 2 42 920 -158 -296 -155 151 172 127 118 103
Provision for Tax 2 5 53 99 -43 -57 49 -25 0 23 42 43
Profit After Tax 12 -3 -11 821 -115 -240 -204 176 172 104 76 60
Adjustments -1 -4 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 11 -8 -11 821 -115 -240 -204 176 172 104 76 60
Adjusted Earnings Per Share 0.8 -0.5 -0.8 58.1 -8.2 -17 -14.4 12.2 11.9 7.2 5.3 4.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -6% 2% 11% 5%
Operating Profit CAGR -3% -5% 9% -2%
PAT CAGR -27% -24% 0% 20%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 36% 1% 3% 15%
ROE Average 8% 14% 8% 10%
ROCE Average 10% 12% 11% 12%

Mukand Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1872 1861 314 1080 915 671 463 666 854 905 950
Minority's Interest 110 112 0 0 0 0 0 0 0 0 0
Borrowings 1546 1637 1709 779 1568 1894 1763 886 1448 1433 107
Other Non-Current Liabilities 0 7 -48 85 94 33 77 -13 30 28 79
Total Current Liabilities 2291 2436 2404 2514 1899 1860 947 1931 812 639 2418
Total Liabilities 5819 6052 4380 4458 4476 4458 3249 3470 3144 3005 3554
Fixed Assets 2461 2429 693 562 505 516 447 484 488 452 539
Other Non-Current Assets 257 250 332 1457 1464 1389 232 320 167 171 308
Total Current Assets 3101 3374 3355 2439 2506 2554 2570 2558 2470 2359 2699
Total Assets 5819 6052 4380 4458 4476 4458 3249 3470 3144 3005 3554

Mukand Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 43 40 22 22 17 8 10 31 42 39 51
Cash Flow from Operating Activities 19 135 319 894 -56 150 -328 -102 106 65 180
Cash Flow from Investing Activities -11 -35 -36 88 7 12 1345 280 619 99 -124
Cash Flow from Financing Activities -10 -94 -283 -987 40 -159 -997 -166 -728 -152 -86
Net Cash Inflow / Outflow -3 5 -0 -5 -9 2 20 12 -3 12 -29
Closing Cash & Cash Equivalent 40 46 22 17 8 10 30 42 39 51 22

Mukand Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.79 -0.53 -0.8 58.06 -8.17 -16.96 -14.41 12.2 11.89 7.19 5.25
CEPS(Rs) 6.24 5.2 4.25 69.26 -4.04 -11.63 -9.57 15.34 15.51 10.63 8.76
DPS(Rs) 0 0 0 0 0 0 1 1.5 2 2 2
Book NAV/Share(Rs) 14.9 14.45 22.22 76.36 64.7 47.43 32.71 46.12 59.08 62.61 65.72
Core EBITDA Margin(%) 10.86 10.86 10.99 5.4 4 4.26 -16.53 5.03 -3.48 4.46 5.73
EBIT Margin(%) 8.68 8.91 11.03 39.47 4.56 2.31 6.52 6.72 6.27 4.99 5.07
Pre Tax Margin(%) 0.4 0.06 1.38 26.08 -4.29 -10.14 -5.68 3.25 3.09 2.45 2.42
PAT Margin (%) 0.35 -0.1 -0.37 23.27 -3.13 -8.21 -7.48 3.8 3.09 2.01 1.55
Cash Profit Margin (%) 2.65 2.22 1.98 27.76 -1.55 -5.63 -4.96 4.77 4.03 2.97 2.59
ROA(%) 0.21 -0.06 -0.22 18.58 -2.59 -5.37 -5.29 5.25 5.19 3.38 2.31
ROE(%) 5.62 -1.65 -4.38 117.8 -11.58 -30.26 -35.97 31.23 22.6 11.81 8.18
ROCE(%) 10.69 10.01 10.57 42.87 5.03 1.95 5.96 11.91 13.8 10.87 10.11
Receivable days 106.4 119.91 131.1 68.04 37.06 54.53 62.63 39.67 31.31 35.12 35.83
Inventory Days 148.86 163.05 170.38 126.62 116.69 163.69 165.94 101.1 98.67 110.72 134.28
Payable days 117.91 111.69 139.51 112.48 104.04 110.5 88.76 54.76 46.96 53.15 61.86
PER(x) 59.34 0 0 1.01 0 0 0 11.56 11.79 20.68 17.13
Price/Book(x) 3.14 2.23 3.82 0.77 0.84 0.29 2.54 3.06 2.37 2.37 1.37
Dividend Yield(%) 0 0 0 0 0 0 1.2 1.06 1.43 1.35 2.22
EV/Net Sales(x) 1.06 1.09 1.52 0.84 0.89 0.98 1.18 0.83 0.63 0.69 0.58
EV/Core EBITDA(x) 8.38 8.35 10.46 11.23 15.79 14.89 10.7 11.11 8.55 11.64 9.49
Net Sales Growth(%) 19.4 -1.76 -8.12 26.65 7.38 -20.78 -6.73 70.32 19.91 -7.05 -5.5
EBIT Growth(%) 112.77 1.91 13.84 315.21 -87.92 -54.79 163.18 75.7 11.86 -26.04 -4.01
PAT Growth(%) 113.9 -129.08 -231.87 7333.74 -114.07 -78.55 15.05 186.52 -2.57 -39.54 -26.92
EPS Growth(%) 113.18 -167.5 -50.92 7334.03 -114.07 -107.72 15.05 184.67 -2.57 -39.54 -26.92
Debt/Equity(x) 12.09 13.56 9.48 1.97 2.81 4.11 4.49 3.06 1.76 1.65 1.64
Current Ratio(x) 1.35 1.39 1.4 0.97 1.32 1.37 2.71 1.32 3.04 3.69 1.12
Quick Ratio(x) 0.72 0.77 0.84 0.53 0.66 0.64 1.54 0.57 1.13 1.2 0.29
Interest Cover(x) 1.05 1.01 1.14 2.95 0.52 0.19 0.53 1.94 1.97 1.96 1.91
Total Debt/Mcap(x) 3.96 6.26 2.48 2.57 3.33 14.33 1.76 1.02 0.74 0.69 1.2

Mukand Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.7 74.7 74.7 74.7 74.7 74.7 74.7 74.7 74.7 74.7
FII 0.32 0.24 0.2 0.23 0.2 0.28 0.14 0.19 0.29 0.26
DII 1.19 1.56 1.75 1.1 1.1 1.1 1.1 1.1 1.1 1.1
Public 23.79 23.5 23.34 23.97 24 23.92 24.06 24.01 23.91 23.93
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Mukand News

Mukand Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 53.15 to 61.86days.
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