---
title: "Mukesh Strips Ltd (517374) — Share Price, Financials & Analysis"
symbol: "517374"
company: "Mukesh Strips Ltd"
canonical: "https://tapetide.com/stocks/517374"
isin: "INE946G01013"
bse_code: "517374"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:16:26.744Z"
---

# Mukesh Strips Ltd (517374)

Canonical page: https://tapetide.com/stocks/517374

## Company

- **BSE Code:** 517374
- **ISIN:** INE946G01013
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2006-12-13
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Mukesh Strips manufactures and sells alloy steel castings, ingots, re-rolled products, flats, and hexagons primarily in India.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Stock is trading at 5.27 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -13.8% over past five years.
- Company has a low return on equity of -75.8% over last 3 years.
- Company has high debtors of 276 days.
- Working capital days have increased from 207 days to 349 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -36% | — | — |
| revenue growth | -42% | -33% | -14% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 28.18 | 10.77 | 11.97 | 9.63 | 12.8 | 6.32 | 2.59 | 1.31 | 9.59 | 0.1 | 3.66 | 0 |
| Expenses | 28.63 | 10.6 | 11.29 | 9.24 | 17.4 | 6.75 | 3.56 | 1.14 | 12.99 | 0.2 | 3.68 | 0.01 |
| Operating Profit | -0.45 | 0.17 | 0.68 | 0.39 | -4.6 | -0.43 | -0.97 | 0.17 | -3.4 | -0.1 | -0.02 | -0.01 |
| OPM % | -1.6 | 1.58 | 5.68 | 4.05 | -35.94 | -6.8 | -37.45 | 12.98 | -35.45 | -100 | -0.55 | — |
| Other Income | 0.26 | 0.03 | 0 | 0 | 3.07 | 0 | 0.02 | 0.01 | 0.22 | 0 | 0.03 | 0.02 |
| Interest | 0.3 | 0.38 | 0.5 | 0.25 | 1.03 | 0.04 | 1 | 0.52 | 0.49 | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.06 | 0.06 | 0.06 | 0.02 | 0.05 | 0.05 | 0.05 | -0.02 | 0.03 | 0.03 | 0.03 |
| Profit before tax | -0.54 | -0.24 | 0.12 | 0.08 | -2.58 | -0.52 | -2 | -0.39 | -3.65 | -0.13 | -0.02 | -0.02 |
| Tax % | -18.52 | 0 | 0 | 0 | -61.24 | 0 | 0 | 0 | 40.27 | 0 | 0 | 0 |
| Net Profit | -0.44 | -0.24 | 0.12 | 0.08 | -1 | -0.51 | -2 | -0.39 | -5.12 | -0.13 | -0.02 | -0.02 |
| EPS in Rs | -1.2 | -0.66 | 0.33 | 0.22 | -2.73 | -1.39 | -5.46 | -1.07 | -13.99 | -0.36 | -0.05 | -0.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 35.34 | 66.73 | 38.94 | 41.63 | 56.98 | 66.76 | 63.48 | 45.08 | 19.76 | 13.35 |
| Expenses | 34.83 | 65.29 | 37.82 | 40.38 | 55.27 | 64.84 | 61.6 | 51.46 | 24.09 | 16.88 |
| Operating Profit | 0.51 | 1.44 | 1.12 | 1.25 | 1.71 | 1.92 | 1.88 | -6.38 | -4.33 | -3.53 |
| OPM % | 1.44 | 2.16 | 2.88 | 3 | 3 | 2.88 | 2.96 | -14.15 | -21.91 | -26.44 |
| Other Income | 0.47 | 0.46 | 0.32 | 0.19 | 0.3 | 0.58 | 0.34 | 6.1 | -0.05 | 0.27 |
| Interest | 0.48 | 1.5 | 0.77 | 0.73 | 1.39 | 1.94 | 2.3 | 2.15 | 2.05 | 0.49 |
| Depreciation | 0.09 | 0.11 | 0.22 | 0.24 | 0.31 | 0.24 | 0.23 | 0.19 | 0.12 | 0.07 |
| Profit before tax | 0.41 | 0.29 | 0.45 | 0.47 | 0.31 | 0.32 | -0.31 | -2.62 | -6.55 | -3.82 |
| Tax % | 17.07 | 31.03 | 33.33 | 31.91 | 61.29 | 40.62 | -6.45 | -60.31 | 22.44 | — |
| Net Profit | 0.34 | 0.2 | 0.3 | 0.32 | 0.12 | 0.19 | -0.28 | -1.04 | -8.02 | -5.29 |
| EPS in Rs | 0.93 | 0.55 | 0.82 | 0.87 | 0.33 | 0.52 | -0.77 | -2.84 | -21.91 | -14.45 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.33 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 | 3.66 | 3.66 |
| Reserves | 1.74 | 2.09 | 2.09 | 2.38 | 2.7 | 2.82 | 8.01 | 2.73 | 1.74 | -6.28 |
| Borrowings | 3.94 | 6.5 | 6.23 | 7.17 | 9.28 | 12.34 | 13.5 | 14.89 | 22.44 | 25.28 |
| Other Liabilities | 3.61 | 5.81 | 10.58 | 11.1 | 11.59 | 17.81 | 16.46 | 23.43 | 11.18 | 4.39 |
| Total Liabilities | 12.62 | 17.76 | 22.26 | 24.01 | 26.93 | 36.33 | 41.33 | 44.41 | 39.02 | 27.05 |
| Fixed Assets | 2.47 | 2.88 | 3.03 | 3.06 | 2.95 | 3.17 | 2.94 | 2.71 | 1.7 | 1.2 |
| CWIP | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.27 | 0.28 | 3.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.48 | 0.48 | 0.48 |
| Other Assets | 9.88 | 14.58 | 15.95 | 20.67 | 23.7 | 32.88 | 38.11 | 41.22 | 36.84 | 25.37 |
| Total Assets | 12.62 | 17.76 | 22.26 | 24.01 | 26.93 | 36.33 | 41.33 | 44.41 | 39.02 | 27.05 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.34 | — | 3.75 | -3.95 | -1.55 | — | -3.94 | 6.09 | -9.69 | -1.08 |
| Cash from Investing Activity | -0.02 | — | -3.25 | 2.75 | -0.11 | — | -0.81 | -0.2 | 3.88 | 0.07 |
| Cash from Financing Activity | 0.72 | — | -0.48 | 0.94 | 2.11 | — | 4.48 | -5.62 | 5.97 | 0.81 |
| Net Cash Flow | 1.04 | — | 0.02 | -0.26 | 0.45 | — | -0.27 | 0.27 | 0.16 | -0.2 |
| Free Cash Flow | 0.33 | — | 3.5 | -4.2 | -1.66 | — | -3.94 | 6.09 | -5.82 | -1.01 |
| CFO/OP | 75 | — | 293 | -311 | -77 | — | -197 | 324 | 151 | 24 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 44.06 | 71.47 | 31.07 | 59.24 | 114.94 | 102.62 | 113.39 | 141.73 | 154.4 | 276.34 |
| Inventory Days | 48.58 | 57.03 | 15.35 | 119.7 | 67.08 | 46.26 | 50.94 | 45.79 | 30.96 | 2.37 |
| Days Payable | 13.49 | 41.58 | 13.56 | 92.78 | 89.66 | 120.31 | 96.14 | 113.88 | 89.49 | 30.26 |
| Cash Conversion Cycle | 79.15 | 86.92 | 32.86 | 86.15 | 92.36 | 28.57 | 68.19 | 73.65 | 95.88 | 248.44 |
| Working Capital Days | 65.13 | 88.72 | 28.28 | 90.45 | 102.85 | 37.86 | 95.9 | 92.86 | 178.94 | 349.48 |
| ROCE % | 6.31 | 7.16 | 15.15 | 11.14 | 8.5 | 10.04 | 10.42 | 8.68 | -14.22 | -16.59 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 40.91% |
| Public | 59.09% |
| No. of Shareholders | 6084 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 40.91% | 40.91% | 40.91% |
| Public | 59.09% | 59.09% | 59.09% |
| No. of Shareholders | 6075 | 6080 | 6084 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 25 January 2026 - Compliance certificate under Regulation 74(5) for quarter ended 31 Dec 2025 received from Cameo Corporate Services. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 25 January 2026 - Compliance certificate under Regulation 74(5) for quarter ended 31 Dec 2025 received from Cameo Corporate Services.](https://nsearchives.nseindia.com/corporate/BEARDSELL_25012026181439_Reg74_5_DPRegulation_Dec2025.pdf) |
| 17 February 2026 - 17 Feb 2026 newspaper ads confirm dispatch of BeardSell postal ballot notice; copies on company website. | [Copy of Newspaper Publication 17 February 2026 - 17 Feb 2026 newspaper ads confirm dispatch of BeardSell postal ballot notice; copies on company website.](https://nsearchives.nseindia.com/corporate/BEARDSELL_17022026173434_SE_NewPaper_PB.pdf) |
| 16 February 2026 - Postal ballot to approve material RPTs (₹30Cr purchases, ₹15Cr sales; ₹4.4Cr guarantee) and reappoint Whole-time Director. | [Shareholders meeting 16 February 2026 - Postal ballot to approve material RPTs (₹30Cr purchases, ₹15Cr sales; ₹4.4Cr guarantee) and reappoint Whole-time Director.](https://nsearchives.nseindia.com/corporate/BEARDSELL_16022026111149_PB_Intimation_SE.pdf) |
| 11 February 2026 - Unaudited standalone & consolidated results for quarter ended 31 Dec 2025 approved; limited review unmodified. | [Outcome of Board Meeting 11 February 2026 - Unaudited standalone & consolidated results for quarter ended 31 Dec 2025 approved; limited review unmodified.](https://nsearchives.nseindia.com/corporate/BEARDSELL_11022026150551_Results_Dec2025.pdf) |
| 11 February 2026 - Reappointment of Mrs Anumolu Jayasree as Whole-time Director for three years from 1 April 2026; board approved 11 Feb 2026. | [Appointment 11 February 2026 - Reappointment of Mrs Anumolu Jayasree as Whole-time Director for three years from 1 April 2026; board approved 11 Feb 2026.](https://nsearchives.nseindia.com/corporate/BEARDSELL_11022026151710_BM_Outcome_WTD.pdf) |
| — | [Board Meeting As On 30.05.2017 & Closure Of Trading Window 13 May 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=81d5c8db-13be-412e-b9f4-baa008d8a75e.pdf) |
| — | [Board Meeting As On 30.05.2017 & Closure Of Trading Window 13 May 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/81d5c8db-13be-412e-b9f4-baa008d8a75e.pdf) |
| — | [Standalone Financial Results, Limited Review Report for December 31, 2016 14 Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F23DAC30_CBE1_4042_9795_58A862BEC7F9_181337.pdf) |
| — | [Standalone Financial Results, Limited Review Report for December 31, 2016 14 Feb 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/F23DAC30_CBE1_4042_9795_58A862BEC7F9_181337.pdf) |
| — | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016 3 Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=876D448D_A804_43C1_ACD5_3AF85E058533_104516.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/AR_28522_BEARDSELL_2024_2025_A_21509904_05092025105754.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25972_BEARDSELL_2023_2024_06092024153133.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23372_BEARDSELL_2022_2023_04092023163044_09042023170003.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21579_BEARDSELL_2021_2022_07092022145843_09072022150001.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18879_BEARDSELL_2020_2021_24082021223153_24082021230002.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17575_BEARDSELL_2019_2020_07092020212028_07092020220003.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/AR_16144_BEARDSELL_2018_2019_16102019145826_16102019150002.zip) |
| from nse | [Financial Year 2018 from nse](https://archives.nseindia.com/annual_reports/AR_14317_BEARDSELL_2017_2018_17102018124831.zip) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df2ba120-8698-492e-bbe5-93604a16756e.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539447/76288539447.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2018 | [Concall - Sep 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/9/147dc7f6-e0f4-4c1c-8a65-5f3376326b07.pdf) |
| Sep 2017 | [Concall - Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/78c1e2bb-60c1-455a-ada6-f8bd99d6ff9e.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CAECE4CE_899B_414F_8B18_3142BF1E6A25_175459.pdf) |
| Feb 2018 | [Concall - Feb 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/c63e30e7-7061-4c07-ad88-eb5a2e477c95.pdf) |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03EEB0E9_390F_4E0D_8015_6080676DDCF6_161138.pdf) |
| Dec 2017 | [Concall - Dec 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/12/9faf5062-759b-4149-9c59-75d2e4121042.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:26.744Z.