Mukand
MUKANDLTD NSE
Mukand
Metals & MiningNSE: MUKANDLTD BSE: 500460 Iron & Steel
Key Fundamentals
MicrocapIron & SteelMetals & MiningMarket Cap
₹2,008 Cr
Volatility
Moderate
P/E Ratio
3.19
EBITDA
₹725 Cr
Return on Equity
39.69%
Debt to Equity
1.11
Book Value
₹105.35
EPS
₹6.65
52W High
₹154.25
52W Low
₹114.31
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 24.4%
Weaknesses
3- Tax rate seems low
- Company has a low return on equity of 7.92% over last 3 years.
- Earnings include an other income of Rs.620 Cr.
Growth Rate
Revenue Growth
10.99% higher than
3Y
Net Income Growth
696% higher than
3Y
Cash Flow Change
-345% higher than
3Y
ROE
397% higher than
3Y
ROCE
61.29% lower than
3Y
EBITDA Margin (Avg.)
119% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,382 | 1,377 | 1,177 | 1,239 | 1,258 | 1,263 | 1,262 | 1,107 | 1,129 | 1,161 | 1,329 | 1,269 | 1,362 |
| Expenses | 1,305 | 1,307 | 1,114 | 1,156 | 1,187 | 1,187 | 1,190 | 1,042 | 1,081 | 1,091 | 1,257 | 1,287 | 1,355 |
| Operating Profit | 77 | 70 | 62 | 83 | 71 | 76 | 72 | 65 | 47 | 69 | 72 | -17 | 7 |
| OPM % | 6% | 5% | 5% | 7% | 6% | 6% | 6% | 6% | 4.2% | 6% | 5% | -1.4% | 0.5% |
| Other Income | 3 | 3 | 6 | 4 | 4 | 3 | 2 | 6 | 39 | 3 | 4 | 508 | 105 |
| Interest | 33 | 33 | 34 | 31 | 32 | 33 | 32 | 33 | 34 | 38 | 40 | 39 | 34 |
| Depreciation | 12 | 12 | 12 | 12 | 11 | 14 | 13 | 13 | 14 | 14 | 16 | 18 | 18 |
| PBT | 34 | 28 | 22 | 43 | 32 | 33 | 29 | 24 | 38 | 20 | 21 | 434 | 60 |
| Tax % | 9% | 16% | 12% | 33% | 23% | 24% | 49% | 55% | 23% | 50% | 51% | -28% | 5% |
| Net Profit | 31 | 23 | 19 | 29 | 24 | 25 | 15 | 11 | 29 | 10 | 10 | 555 | 57 |
| EPS in Rs | 2.14 | 1.61 | 1.34 | 2.01 | 1.68 | 1.75 | 1.03 | 0.75 | 2.01 | 0.68 | 0.71 | 38.41 | 3.97 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,016 | 2,953 | 2,713 | 3,436 | 3,689 | 2,923 | 2,726 | 4,643 | 5,568 | 5,175 | 4,890 | 4,890 | 5,121 |
| Expenses | 2,643 | 2,593 | 2,351 | 3,216 | 3,542 | 2,848 | 3,228 | 4,404 | 5,739 | 4,882 | 4,605 | 4,718 | 4,990 |
| Operating Profit | 373 | 360 | 361 | 220 | 148 | 75 | -502 | 239 | -172 | 293 | 285 | 172 | 131 |
| OPM % | 12% | 12% | 13% | 6% | 4% | 2.6% | -18% | 5% | -3.1% | 6% | 6% | 3.5% | 2.6% |
| Other Income | -7 | 12 | 45 | 1,331 | 79 | 68 | 748 | 119 | 573 | 15 | 14 | 553 | 620 |
| Interest | 276 | 293 | 294 | 473 | 327 | 364 | 332 | 161 | 177 | 131 | 130 | 150 | 150 |
| Depreciation | 76 | 77 | 72 | 158 | 58 | 75 | 69 | 45 | 52 | 50 | 51 | 62 | 66 |
| PBT | 13 | 2 | 42 | 920 | -158 | -296 | -155 | 151 | 172 | 127 | 118 | 512 | 535 |
| Tax % | 12% | 280% | 127% | 11% | -27% | -19% | 32% | -17% | 0% | 18% | 36% | -18% | — |
| Net Profit | 12 | -6 | -11 | 821 | -115 | -240 | -204 | 176 | 172 | 104 | 76 | 604 | 632 |
| EPS in Rs | 0.79 | -0.53 | -0.8 | 58.06 | -8.17 | -16.96 | -14.41 | 12.47 | 11.89 | 7.19 | 5.25 | 41.81 | 43.77 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | -7% | 12% | 17% | 28% | 38% | 7% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 2,621 | 2,852 | 2,979 | 2,124 | 2,575 | 2,755 | 2,076 | 2,036 | 1,505 | 1,489 | 1,559 | 1,697 |
| Other Liabilities | 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 |
| Fixed Assets | 2,461 | 2,429 | 693 | 562 | 505 | 516 | 447 | 484 | 488 | 452 | 537 | 628 |
| CWIP | 38 | 31 | 39 | 23 | 23 | 30 | 26 | 32 | 30 | 34 | 142 | 98 |
| Investments | 38 | 36 | 133 | 1,268 | 1,287 | 1,214 | 528 | 128 | 159 | 10 | 29 | 40 |
| Other Assets | 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 Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 19 | 135 | 319 | 894 | -56 | 150 | -328 | -102 | 106 | 65 | 180 | -441 |
| Investing | -11 | -35 | -36 | 88 | 7 | 12 | 1,345 | 280 | 619 | 99 | -124 | 472 |
| Financing | -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 | -254 |
Ratios
| Particulars | 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% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mukand insights
65 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Board Meeting Intimation for Intimation Board Meeting Scheduled To Be Held On May 14, 2026.
13 Apr - Board to meet on May 14, 2026 to approve FY26 results and consider dividend. 13 Apr - Board to meet on May 14, 2026 to approve FY26 results and consider dividend.
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Mukand filed Regulation 74(5) compliance certificate for quarter ended March 31, 2026. 7 Apr - Mukand filed Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
3 Apr - Mukand Ltd says it is not a Large Corporate as of March 31, 2026; borrowing was Rs. 1,687.11 crore. 3 Apr - Mukand Ltd says it is not a Large Corporate as of March 31, 2026; borrowing was Rs. 1,687.11 crore.
4
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
3 Apr - Mukand Limited confirms it is not a Large Corporate for FY2025-26; annual disclosure not applicable. 3 Apr - Mukand Limited confirms it is not a Large Corporate for FY2025-26; annual disclosure not applicable.
5
Announcement Under Regulation 30 (LODR)-Update (Intimation Regarding Completion Of The Slump Sale Pursuant To Business Transfer Agreement Entered With Mukand Heavy Engineering Limited, Wholly Owned Subsidiary Of Mukand Limited For Transfer Of Part Of Industrial Machinery Business Via Slump Sale)
31 Mar - Slump sale to wholly-owned MHEL completed 31-Mar-2026 for Rs45.78 Cr, paid via 26,347 equity shares. 31 Mar - Slump sale to wholly-owned MHEL completed 31-Mar-2026 for Rs45.78 Cr, paid via 26,347 equity shares.
Frequently Asked Questions about Mukand
What does Mukand Ltd do?
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]
Where is Mukand Ltd (MUKANDLTD) listed?
Mukand Ltd trades as MUKANDLTD on the NSE and under code 500460 on the BSE.
Which sector does Mukand Ltd belong to?
Mukand Ltd is classified under the Metals & Mining sector, in the Iron & Steel industry.
What is the market capitalisation of Mukand Ltd?
Mukand Ltd has a market capitalisation of ₹2,008 Cr, which places it in the Small Cap band.
What is the PE ratio of Mukand Ltd?
Mukand Ltd trades at a PE ratio of 3.19, on earnings per share of ₹6.65, against a book value of ₹105.35 per share.
What is the 52-week high and low of Mukand Ltd?
Over the last 52 weeks Mukand Ltd has traded between ₹114.31 and ₹154.25.
Does Mukand Ltd pay dividends?
Mukand Ltd has a dividend yield of 2.10%.
What is the Return on Equity (ROE) of Mukand Ltd?
Mukand Ltd reported a return on equity of 39.69%. Its debt-to-equity ratio is 1.11.
Company Information
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]
Website mukand.com
CEO Mr. Nirajkumar Ramkrishnaji Bajaj B.Com., MBA
Employees 1,446
Listed 2004-02-23
Face Value ₹ 10
Issued Size 14,44,95,563
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