---
title: "Mukunda Industrial Finance Ltd (530329) — Share Price, Financials & Analysis"
symbol: "530329"
company: "Mukunda Industrial Finance Ltd"
canonical: "https://tapetide.com/stocks/530329"
isin: "INE618B01019"
bse_code: "530329"
generated_at: "2026-10-13T11:01:15.104Z"
---

# Mukunda Industrial Finance Ltd (530329)

Canonical page: https://tapetide.com/stocks/530329

## Company

- **BSE Code:** 530329
- **ISIN:** INE618B01019
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mukundafinance.com

## About

Mukunda Industrial Finance Ltd. is an India-based non-banking finance company (NBFC). The company is engaged in the business of hire purchase financing and equipment lease financing.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -54.3% over past five years.
- Company has a low return on equity of -36.0% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 3,346 days.
- Working capital days have increased from 9,795 days to 20,136 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 73% | — | — |
| revenue growth | -68% | -71% | -54% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.76 | 9.3 | 11.49 | 10.13 | 7.85 | 9.69 | 14.5 | 1.36 | 7.22 | 14.56 | 10.87 | 10.16 |
| Expenses | 1.99 | 4.25 | 2.03 | 2.1 | 10.5 | 6.41 | 4.6 | 29.8 | 1.97 | 2.03 | 23.79 | 3.13 |
| Operating Profit | 0.77 | 5.05 | 9.46 | 8.03 | -2.65 | 3.28 | 9.9 | -28.44 | 5.25 | 12.53 | -12.92 | 7.03 |
| OPM % | 27.9 | 54.3 | 82.33 | 79.27 | -33.76 | 33.85 | 68.28 | -2091.18 | 72.71 | 86.06 | -118.86 | 69.19 |
| Other Income | 0.23 | 0.15 | 0.09 | 0.07 | 0.02 | 0.5 | 0.12 | 1.96 | 1.27 | 6.88 | 2.87 | 2.79 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.08 | 1.15 | 1.88 | 1.94 | 2.11 | 2.25 |
| Depreciation | 0.25 | 0.26 | 0.27 | 0.3 | 0.3 | 0.3 | 0.54 | 0.68 | 1.53 | 0.92 | 0.94 | 0.95 |
| Profit before tax | 0.75 | 4.94 | 9.28 | 7.8 | -2.93 | 3.48 | 9.4 | -28.31 | 3.11 | 16.55 | -13.1 | 6.62 |
| Tax % | 73.33 | 14.37 | 23.6 | 17.82 | 32.42 | 35.34 | 28.83 | 10.28 | -22.19 | 16.56 | 19.01 | 23.26 |
| Net Profit | 0.2 | 4.23 | 7.09 | 6.41 | -3.88 | 2.26 | 6.69 | -31.22 | 3.8 | 13.81 | -15.59 | 5.08 |
| EPS in Rs | 0.33 | 7.05 | 11.82 | 10.68 | -6.47 | 3.77 | 11.15 | -52.03 | 6.33 | 23.02 | -25.98 | 8.47 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.01 | 2.72 | 2.4 | 0.92 | 0.19 | 0.06 |
| Expenses | 0.98 | 1.32 | 0.99 | 1.61 | 1.83 | 0.58 |
| Operating Profit | 2.03 | 1.4 | 1.41 | -0.69 | -1.64 | -0.52 |
| OPM % | 67.44 | 51.47 | 58.75 | -75 | -863.16 | -866.67 |
| Other Income | 0.27 | 0.9 | 0.56 | 0.11 | 0.12 | 0.1 |
| Interest | 1.48 | 1.3 | 1.25 | 0.91 | 0.61 | 0.02 |
| Depreciation | 0.77 | 0.6 | 0.68 | 0.65 | 0.48 | 0.33 |
| Profit before tax | 0.05 | 0.4 | 0.04 | -2.14 | -2.61 | -0.77 |
| Tax % | -340 | -115 | 300 | -55.61 | 7.28 | 0 |
| Net Profit | 0.22 | 0.86 | -0.08 | -0.95 | -2.8 | -0.77 |
| EPS in Rs | 0.43 | 1.68 | -0.16 | -1.85 | -5.46 | -1.5 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.25 | 5.25 | 5.25 | 5.25 | 5.25 | 5.25 |
| Reserves | 0.46 | 1.33 | 1.25 | 0.3 | -2.5 | -3.27 |
| Borrowings | 11.32 | 10.65 | 9.53 | 8.65 | 7.9 | 7.82 |
| Other Liabilities | 2.66 | 1.81 | 1.1 | 2.4 | 4.92 | 5.2 |
| Total Liabilities | 19.69 | 19.04 | 17.13 | 16.6 | 15.57 | 15 |
| Fixed Assets | 3.47 | 5.15 | 4.81 | 3.63 | 3.15 | 2.79 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.36 | 1.14 | 0.92 | 0.84 | 0.81 | 0.72 |
| Other Assets | 14.86 | 12.75 | 11.4 | 12.13 | 11.61 | 11.49 |
| Total Assets | 19.69 | 19.04 | 17.13 | 16.6 | 15.57 | 15 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2.41 | 1.66 | 0.15 | 0.79 | 0.65 | -0.14 |
| Cash from Investing Activity | -0.28 | -0.79 | 0.77 | 0.25 | 0.11 | 0.14 |
| Cash from Financing Activity | 1.75 | -0.65 | -1.13 | -0.88 | -0.75 | -0.08 |
| Net Cash Flow | -0.94 | 0.22 | -0.21 | 0.16 | 0.01 | -0.08 |
| Free Cash Flow | -2.48 | 0.47 | 0.65 | 0.79 | 0.65 | -0.09 |
| CFO/OP | -117 | 120 | 14 | -117 | -40 | 27 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 83.67 | 89.91 | 123.19 | 222.17 | 998.95 | 3345.83 |
| Cash Conversion Cycle | 83.67 | 89.91 | 123.19 | 222.17 | 998.95 | 3345.83 |
| Working Capital Days | 1289.02 | 1171.49 | 1279.02 | 2487.55 | 6762.11 | 20135.83 |
| ROCE % | — | 7.82 | 7.76 | -8.14 | -16.1 | -7.33 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 3.1% | 3.1% | 3.1% | 3.1% |
| DIIs | 5.06% | 5.01% | 4.92% | 4.93% | 4.93% | 4.89% | 1.81% | 1.26% | 1.02% | 1.02% |
| Public | 19.94% | 19.98% | 20.06% | 20.07% | 20.07% | 20.1% | 20.1% | 20.64% | 20.89% | 20.89% |
| No. of Shareholders | 26554 | 25538 | 24544 | 23944 | 23724 | 23665 | 23154 | 22416 | 22544 | 22450 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% |
| DIIs | 1.81% | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% | 1.2% | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| Public | 20.1% | 20.64% | 20.64% | 20.64% | 20.64% | 20.64% | 20.7% | 20.89% | 20.89% | 20.89% | 20.89% | 20.89% |
| No. of Shareholders | 23154 | 22897 | 22390 | 22665 | 22416 | 22133 | 22256 | 22475 | 22544 | 22515 | 22673 | 22450 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 122.74 | Sell |
| EMA (10) | 122.11 | Sell |
| SMA (20) | 126.68 | Sell |
| EMA (20) | 124.38 | Sell |
| SMA (50) | 127.6 | Sell |
| EMA (50) | 129.02 | Sell |
| SMA (100) | 138.87 | Sell |
| EMA (100) | 136.05 | Sell |
| SMA (200) | 149.66 | Sell |
| EMA (200) | 146.06 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.89 | Neutral |
| MACD (12,26,9) | -2.57 | Sell |
| Stochastic (14,3,3) | 14.46 | Buy |
| ADX (14) | 14.7 | Neutral |
| Williams %R (14) | -74.68 | Neutral |
| ATR (14) | 7.48 | High Volatility |
| ROC (12) | -5.19 | Sell |
| Stoch RSI (14) | 24.02 | Neutral |
| UO (7,14,28) | 31.78 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-16 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GKWLIMITED_16022026135131_GKWLIMITED_Specialwindow_NEWSPAPER_16022026.pdf) |
| 2026-02-12 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GKWLIMITED_12022026111457_Newspaper_Publication_UFR31122025.pdf) |
| 2026-02-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GKWLIMITED_11022026124458_Outcome_of_Board_Meeting_11022026.pdf) |
| 2026-01-15 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/GKWLIMITED_15012026183826_GKWLIMITED_VotingResult_PostalBallot_15012026.pdf) |
| 2026-01-07 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/GKWLIMITED_07012026120924_GKWLIMITED_NSELETTER_REG_74_5__of_the_SEBI.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/AR_26702_GKWLIMITED_2024_2025_A_03072025140040.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/AR_24316_GKWLIMITED_2023_2024_0507202415541.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/AR_22322_GKWLIMITED_2022_2023_13072023155628_07132023160000.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/AR_20362_GKWLIMITED_2021_2022_14072022122841_07142022130005.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/AR_18535_GKWLIMITED_2020_2021_27072021224433_27072021230004.zip) |
| 2020 | [Financial Year 2020](https://archives.nseindia.com/annual_reports/AR_16973_GKWLIMITED_2019_2020_29082020155532_29082020160003.zip) |
| 2019 | [Financial Year 2019](https://archives.nseindia.com/annual_reports/AR_14564_GKWLIMITED_2018_2019_21062019113444_21062019120008.zip) |
| 2018 | [Financial Year 2018](https://archives.nseindia.com/annual_reports/AR_13359_GKWLIMITED_2017_2018_06092018104510.zip) |
| 2017 | [Financial Year 2017](https://archives.nseindia.com/annual_reports/AR_10987_GKWLIMITED_2016_2017_07082017123232.zip) |
| 2016 | [Financial Year 2016](https://archives.nseindia.com/annual_reports/AR_9294_GKWLIMITED_2015_2016_10082016123759.zip) |

---

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 2026-10-13T11:01:15.104Z.