Mukand

₹166 -1 | 0.6%

WEBSITE BSE:500460 NSE : MUKAND LTD. 10 May, 16:01

Market Cap ₹2399 Cr.

Stock P/E 12.1

P/B 2.7

Current Price ₹166

Book Value ₹ 62.2

Face Value 10

52W High ₹212.5

Dividend Yield 1.2%

52W Low ₹ 115.2

Edit Ratio

Mukand Research see more...

Overview Inc. Year: 1937Industry: Steel & Iron Products

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 Engineering Contracts section consist of electric overhead travelling (EOT) and other cranes, metal structural, material dealing with equipment, and processing plant and system, among others. Its Others section consists of road construction, which contains property development and earnings from operations of non-banking monetary activities. Its plants are positioned at Dighe, Thane, Maharashtra, and Ginigera, Karnataka.

Mukand Share Price

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Peer Comparison

Mukand Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1197	1325	1329	1462	1462	1330	1312	1382	1377	1177
Other Income	3	23	3	3	22	7	554	3	3	6
Total Income	1200	1348	1332	1465	1485	1337	1866	1385	1380	1182
Total Expenditure	1145	1260	1244	1383	1415	1256	1691	1305	1307	1114
Operating Profit	56	88	88	82	69	81	175	80	73	68
Interest	38	40	44	43	46	51	38	33	33	34
Depreciation	11	11	11	11	12	14	15	12	12	12
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	36	32	28	12	16	123	34	28	22
Provision for Tax	-5	4	-14	6	0	-3	-3	3	5	3
Profit After Tax	12	32	47	22	12	19	125	31	23	19
Adjustments	6	-2	7	3	-9	0	0	0	0	0
Profit After Adjustments	18	30	54	25	2	19	125	31	23	19
Adjusted Earnings Per Share	1.2	2.1	3.8	1.7	0.2	1.3	8.7	2.1	1.6	1.3

Mukand Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2138	2517	3005	2953	2713	3436	3689	2923	2726	4643	5568	5248
Other Income	11	34	19	25	59	66	60	68	750	114	602	566
Total Income	2149	2551	3024	2978	2771	3502	3750	2991	3476	4757	6170	5813
Total Expenditure	2034	2334	2644	2593	2378	3245	3542	2798	3177	4410	5761	5417
Operating Profit	114	216	381	385	393	257	208	193	300	348	408	396
Interest	226	254	276	293	294	473	327	364	332	161	177	138
Depreciation	65	68	76	77	72	158	58	75	69	45	52	51
Exceptional Income / Expenses	-58	-13	-15	-13	0	1283	0	0	0	0	0	0
Profit Before Tax	-234	-118	13	2	42	920	-158	-296	-155	151	172	207
Provision for Tax	-8	-33	2	5	53	99	-43	-57	49	-25	0	8
Profit After Tax	-226	-85	12	-3	-11	821	-115	-240	-204	176	172	198
Adjustments	2	0	-1	-4	0	0	0	0	0	0	0	0
Profit After Adjustments	-224	-85	11	-8	-11	821	-115	-240	-204	176	172	198
Adjusted Earnings Per Share	-31.2	-6	0.8	-0.5	-0.8	58.1	-8.2	-17	-14.4	12.2	11.9	13.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	24%	10%	10%
Operating Profit CAGR	17%	28%	10%	14%
PAT CAGR	-2%	0%	-27%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	28%	12%	30%	19%
ROE Average	23%	6%	-5%	-4%
ROCE Average	14%	11%	8%	11%

Mukand Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1819	1873	1872	1861	314	1080	915	671	463	666	854
Minority's Interest	80	109	110	112	0	0	0	0	0	0	0
Borrowings	857	1162	1546	1637	1709	779	1568	1894	1763	886	1448
Other Non-Current Liabilities	34	8	0	7	-48	85	94	33	77	-13	30
Total Current Liabilities	2405	2438	2291	2436	2404	2514	1899	1860	947	1931	812
Total Liabilities	5194	5590	5819	6052	4380	4458	4476	4458	3249	3470	3144
Fixed Assets	2417	2500	2461	2429	693	562	505	516	447	484	488
Other Non-Current Assets	377	286	257	250	332	1457	1464	1389	232	320	167
Total Current Assets	2400	2804	3101	3374	3355	2439	2506	2554	2570	2558	2470
Total Assets	5194	5590	5819	6052	4380	4458	4476	4458	3249	3470	3144

Mukand Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	26	33	43	40	22	22	17	8	10	31	42
Cash Flow from Operating Activities	-46	-59	19	135	319	894	-56	150	-328	-102	106
Cash Flow from Investing Activities	-99	-9	-11	-35	-36	88	7	12	1345	280	619
Cash Flow from Financing Activities	152	77	-10	-94	-283	-987	40	-159	-997	-166	-728
Net Cash Inflow / Outflow	7	10	-3	5	-0	-5	-9	2	20	12	-3
Closing Cash & Cash Equivalent	33	43	40	46	22	17	8	10	30	42	39

Mukand Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-31.17	-5.98	0.79	-0.53	-0.8	58.06	-8.17	-16.96	-14.41	12.2	11.89
CEPS(Rs)	-22.41	-1.2	6.24	5.2	3.26	69.26	-4.04	-11.63	-9.57	15.34	15.51
DPS(Rs)	0	0	0	0	0	0	0	0	1	1.5	2
Book NAV/Share(Rs)	20.67	14.68	14.9	14.45	22.22	76.36	64.7	47.43	32.71	46.12	59.08
Core EBITDA Margin(%)	4.39	6.45	10.86	10.86	10.99	5.4	4	4.26	-16.53	5.03	-3.48
EBIT Margin(%)	-0.34	4.8	8.68	8.91	10.57	39.47	4.56	2.31	6.52	6.72	6.27
Pre Tax Margin(%)	-9.92	-4.17	0.4	0.06	0.91	26.08	-4.29	-10.14	-5.68	3.25	3.09
PAT Margin (%)	-9.56	-2.99	0.35	-0.1	-0.83	23.27	-3.13	-8.21	-7.48	3.8	3.09
Cash Profit Margin (%)	-6.83	-0.6	2.65	2.22	1.52	27.76	-1.55	-5.63	-4.96	4.77	4.03
ROA(%)	-4.39	-1.57	0.21	-0.06	-0.49	18.58	-2.59	-5.37	-5.29	5.25	5.19
ROE(%)	-86.68	-47.52	5.62	-1.65	-9.78	117.8	-11.58	-30.26	-35.97	31.23	22.6
ROCE(%)	-0.34	5.46	10.69	10.01	10.12	42.87	5.03	1.95	5.96	11.91	13.8
Receivable days	128.22	110.6	106.4	119.91	131.1	68.04	37.06	54.53	62.63	39.67	31.31
Inventory Days	157.1	147.76	148.86	163.05	170.38	126.62	116.69	163.69	165.94	101.1	98.67
Payable days	120	132.34	117.91	111.69	139.51	112.48	104.04	110.5	88.76	54.76	46.96
PER(x)	0	0	59.34	0	0	1.01	0	0	0	11.56	11.79
Price/Book(x)	1.31	1.6	3.14	2.23	3.82	0.77	0.84	0.29	2.54	3.06	2.37
Dividend Yield(%)	0	0	0	0	0	0	0	0	1.2	1.06	1.43
EV/Net Sales(x)	1.1	1.03	1.06	1.09	1.52	0.84	0.89	0.98	1.18	0.83	0.63
EV/Core EBITDA(x)	20.65	12.05	8.38	8.35	10.46	11.23	15.79	14.89	10.7	11.11	8.55
Net Sales Growth(%)	-17.51	17.73	19.4	-1.76	-8.12	26.65	7.38	-20.78	-6.73	70.32	19.91
EBIT Growth(%)	-104.98	1804.77	112.77	1.91	9.09	333.31	-87.92	-54.79	163.18	35.09	11.86
PAT Growth(%)	-156.97	62.48	113.9	-129.08	-641.52	3337.5	-114.07	-78.55	15.05	217.26	-2.57
EPS Growth(%)	-157.85	80.83	113.18	-167.5	-50.93	7334.03	-114.07	-107.72	15.05	184.67	-2.57
Debt/Equity(x)	14.55	11.09	12.09	13.56	9.48	1.97	2.81	4.11	4.49	3.06	1.76
Current Ratio(x)	1	1.15	1.35	1.39	1.4	0.97	1.32	1.37	2.71	1.32	3.04
Quick Ratio(x)	0.57	0.63	0.72	0.77	0.84	0.53	0.66	0.64	1.54	0.57	1.13
Interest Cover(x)	-0.04	0.54	1.05	1.01	1.09	2.95	0.52	0.19	0.53	1.94	1.97
Total Debt/Mcap(x)	11.35	7.12	3.96	6.26	2.48	2.57	3.33	14.33	1.76	1.02	0.74

Mukand Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.61	74.72	73.82	73.82	73.82	74.36	74.7	74.7	74.7	74.7
FII	0.07	0.07	0.03	0.08	0.04	0.14	0.06	0.08	0.32	0.24
DII	3.59	3.59	3.27	2.17	2.17	2.09	1.52	1.17	1.19	1.56
Public	21.73	21.62	22.88	23.93	23.97	23.41	23.71	24.05	23.79	23.5
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	10.55	10.57	10.67	10.67	10.67	10.74	10.79	10.79	10.79	10.79
FII	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.05	0.03
DII	0.51	0.51	0.47	0.31	0.31	0.3	0.22	0.17	0.17	0.22
Public	3.07	3.06	3.31	3.46	3.46	3.38	3.43	3.48	3.44	3.4
Others	0	0	0	0	0	0	0	0	0	0
Total	14.14	14.14	14.45	14.45	14.45	14.45	14.45	14.45	14.45	14.45

Pros

Debtor days have improved from 54.76 to 46.96days.

Cons

Company has a low return on equity of 6% over the last 3 years.
The company has delivered a poor profit growth of -26% over past five 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.

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Mukand

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Mukand Research see more...

Overview Inc. Year: 1937Industry: Steel & Iron Products

Mukand Share Price

Alert Data

Quarterly Price

Peer Comparison

Mukand Quarterly Results

Mukand Profit & Loss

Growth Rates

Mukand Balance Sheet

Mukand Cash Flow

Mukand Ratios

Mukand Shareholding Pattern

Mukand News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

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