Mukand Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDMetals & Mining
The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.
PROS
- Company has delivered good profit growth of 69.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.9%
- Latest quarter profit grew 72.9% YoY, showing strong momentum
- Stock looks reasonably valued - P/E of 3.0 is below its historical median
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (105.8% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.32x)
- Working capital days have increased from 22 to 60 days
- Operating margins have contracted to 3.5% from 7.5%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1310.35 | 12.93 | 320440.06 | 0.54 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 188.55 | 21.33 | 235375.56 | 2.12 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 186.25 | 18.01 | 76931.03 | 1.26 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2607.95 | 29.79 | 68795.28 | 0.19 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| JSL | 782.80 | 19.87 | 64535.57 | 0.51 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| APLAPOLLO | 2167.50 | 48.97 | 60182.46 | 0.39 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| SHYAMMETL | 1073.35 | 26.68 | 29960.62 | 0.42 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| RATNAMANI | 2862.55 | 46.35 | 20064.19 | 0.35 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| JINDALSAW | 311.85 | 30.52 | 19943.06 | 0.64 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| SARDAEN | 546.75 | 17.05 | 19266.45 | 0.37 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 253.20 | 21.14 | 17046.41 | 0.39 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| MUKANDLTD | 139.05 | 3.18 | 2009.21 | 2.16 | 57.36 | 97.59 | 1362.21 | 20.69 | 23.13 | 0.53 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,388 | 1,376 | 1,187 | 1,230 | 1,186 | 1,212 | 1,218 | 1,054 | 1,098 | 1,139 | 1,285 | 1,197 | 1,326 | |
| 1,319 | 1,308 | 1,125 | 1,157 | 1,128 | 1,145 | 1,158 | 1,003 | 1,055 | 1,067 | 1,226 | 1,242 | 1,374 | |
| Operating Profit | 69 | 68 | 62 | 73 | 58 | 67 | 60 | 51 | 43 | 72 | 59 | -45 | -48 |
| OPM % | 4.95% | 4.91% | 5.20% | 5.93% | 4.89% | 5.53% | 4.95% | 4.82% | 3.92% | 6.29% | 4.60% | -3.77% | -3.62% |
| 3 | 3 | 6 | 4 | 4 | 4 | 2 | 8 | 42 | 8 | 9 | 514 | 112 | |
| Interest | 33 | 33 | 34 | 31 | 31 | 32 | 30 | 32 | 33 | 36 | 38 | 37 | 34 |
| Depreciation | 12 | 12 | 12 | 12 | 11 | 13 | 12 | 13 | 13 | 13 | 14 | 14 | 14 |
| Profit before Tax | 30 | 30 | 24 | 43 | 23 | 28 | 24 | 19 | 44 | 35 | 32 | 439 | 64 |
| Tax % | 6.57% | 20.01% | 9.35% | 32.38% | 27.32% | 26.32% | 65.92% | 65.50% | 19.59% | 28.58% | 33.09% | -27.60% | 4.46% |
| Net Profit | 28 | 24 | 21 | 29 | 17 | 21 | 8 | 7 | 35 | 25 | 21 | 560 | 61 |
| 1.91 | 1.68 | 1.48 | 2.02 | 1.18 | 1.44 | 0.57 | 1.21 | 2.45 | 1.73 | 1.48 | 39.29 | 4.24 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,667 | 3,070 | 3,588 | 2,818 | 2,681 | 4,643 | 5,618 | 5,175 | 4,685 | 4,762 | 4,946 | |
| 2,338 | 3,019 | 3,438 | 2,712 | 2,941 | 4,408 | 5,806 | 4,944 | 4,439 | 4,595 | 4,909 | |
| Operating Profit | 328 | 51 | 150 | 107 | -260 | 235 | -187 | 231 | 246 | 167 | 38 |
| OPM % | 12.32% | 1.65% | 4.18% | 3.79% | -9.71% | 5.05% | -3.33% | 4.46% | 5.25% | 3.50% | 0.76% |
| 242 | 299 | 79 | 52 | 724 | 38 | 608 | 77 | 23 | 582 | 644 | |
| Interest | 425 | 267 | 303 | 338 | 307 | 161 | 175 | 131 | 125 | 145 | 146 |
| Depreciation | 71 | 56 | 58 | 75 | 69 | 45 | 51 | 50 | 50 | 54 | 55 |
| Profit before Tax | 74 | 26 | -132 | -255 | 88 | 66 | 194 | 127 | 95 | 550 | 570 |
| Tax % | 84.83% | -70.51% | 36.44% | 23.19% | 47.60% | -39.45% | 4.52% | 18.09% | 44.52% | -16.73% | -17.15% |
| Net Profit | 11 | 44 | -84 | -196 | 46 | 92 | 185 | 104 | 53 | 642 | 668 |
| EPS | 0.79 | 3.12 | -5.95 | -13.83 | 3.25 | 6.34 | 12.84 | 7.20 | 3.64 | 44.44 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 30.74% | 23.66% | 15.58% | 27.77% | 54.94% | 6.75% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 12%
- 3 Years:
- -5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 82%
- 5 Years:
- 69%
- 3 Years:
- 51%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- 0%
- 3 Years:
- -7%
- 1 Year:
- 6%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 20%
- 3 Years:
- 22%
- Last Year:
- 48%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 144 | 144 | 144 | 144 | 144 |
| 220 | 993 | 912 | 716 | 756 | 596 | 737 | 758 | 815 | 1,549 | |
| 2,601 | 1,662 | 2,233 | 2,461 | 1,820 | 1,037 | 1,505 | 1,473 | 134 | 1,696 | |
| Trade Payables | 864 | 989 | 764 | 775 | 428 | 508 | 541 | 439 | 594 | 546 |
| 519 | 607 | 338 | 308 | 244 | 1,243 | 220 | 188 | 1,859 | 208 | |
| Total Liabilities | 4,345 | 4,392 | 4,389 | 4,401 | 3,389 | 3,529 | 3,147 | 3,003 | 3,547 | 4,143 |
| 693 | 562 | 505 | 516 | 447 | 484 | 447 | 452 | 529 | 456 | |
| Capital Work in Progress | 39 | 23 | 20 | 24 | 26 | 32 | 30 | 34 | 33 | 55 |
| 267 | 1,428 | 1,453 | 1,429 | 715 | 188 | 275 | 11 | 30 | 259 | |
| 1,343 | 1,105 | 1,254 | 1,367 | 1,111 | 1,461 | 1,447 | 1,590 | 2,008 | 2,384 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 532 | 434 | 374 | |
| Cash & Bank | 61 | 59 | 60 | 67 | 36 | 209 | 39 | 53 | 26 | 20 |
| 1,943 | 1,215 | 1,097 | 999 | 1,054 | 1,155 | 909 | 331 | 487 | 596 | |
| Total Assets | 4,345 | 4,392 | 4,389 | 4,401 | 3,389 | 3,529 | 3,147 | 3,003 | 3,547 | 4,143 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 297 | 786 | -173 | 123 | -279 | -92 | 179 | 91 | 126 | -481 | |
| Cash from Investing | -33 | 89 | 8 | 16 | 1,353 | 338 | 558 | 88 | -122 | 531 |
| Cash from Financing | -260 | -859 | 153 | -136 | -1,071 | -212 | -736 | -165 | -75 | -20 |
| 2 | -6 | -10 | 0 | 19 | 21 | -5 | 14 | -29 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-19 - Mukand Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Update on Sale of land at Kalwa'.
2026-08-17 - Mukand Limited has informed the Exchange about Credit Rating- Revision
2026-08-13 - Mukand Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Submission of Voting Results of 88th Annual General Meeting, pursuant to Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
2026-08-12 - Outcome of AGM
2026-08-12 - Mukand Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22 - Mukand Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-22 - Mukand Limited has informed the Exchange about General Updates
2026-07-21 - Mukand Limited has informed the Exchange that Record date for the purpose of Dividend is 07-Aug-2026.
News
Recent coverage and analyst commentary for MUKANDLTD
Loading news…
AI Stock Analyst
Mukand Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account