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    Steel
Mukand Limited

Mukand Limited

MUKANDLTD.NS
Mukand LimitedIN flagNational Stock Exchange of India
139.64
INR
-1.14
- -
20.18BMarket Cap
Mukand Limited
MUKANDLTD.NS
(National Stock Exchange of India)

Recent

price

139.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
343.97
354.49
292.42
329.92
212.54
208.8
189.76
238.2
256.72
203.61
190.49
318.88
383.8
356.78
337.64
338.4
337.98
Revenue per Share
3.72
-11.88
-30.64
-11.08
0.79
-0.53
-0.8
58.06
-8.17
-16.96
-14.41
12.2
11.89
7.19
5.24
41.81
41.76
Basic EPS, GAAP
3.47
-0.51
-22.91
-13.67
-1.15
6.38
19.93
59.9
-4.74
9
-23.68
-24.01
3.11
1.94
3.73
-38.02
- -
Free Cash Flow per Basic Share
1.16
1.16
- -
- -
- -
- -
- -
- -
- -
- -
0.08
0.98
1.5
1.99
1.99
1.99
- -
Dividend per Share
11
-4.29
-34.99
-35.66
-18.45
-11.13
-11.71
56.38
44.53
27.12
12.7
26.98
39.63
45.96
49.31
10
9.99
Book Value per Share
291.54
279.07
259.69
259.78
140.17
22.69
22.21
76.35
64.49
46.98
32.22
45.8
56.85
62.58
65.39
104.96
104.83
Tangible Book Value per Share
73
73
73
76
141
141
141
141
141
141
141
144
144
144
145
144
145
Basic Weighted Avg Shares
25,149
25,918
21,380
25,171
30,054
29,525
26,833
33,683
36,302
28,792
26,936
46,076
55,457
51,553
48,900
48,898
48,898
Sales/Revenue/Turnover
6.4
2.36
1.6
4.34
9.77
10.8
10.99
2.96
3
1.37
-10.05
4.08
-3.97
4.63
4.78
2.22
2.14
Operating Margin (%)
692
658
645
677
765
770
715
1,586
720
754
685
454
524
497
507
624
624
Depreciation Expense
272
-869
-2,240
-845
111
-75
-114
8,210
-1,155
-2,399
-2,038
1,763
1,718
1,038
759
6,042
6,042
Net Income, GAAP
36.93
- -
- -
- -
12.04
280
127.14
10.77
- -
- -
- -
- -
0.28
18.12
35.85
- -
123.93
Effective Tax Rate (%)
1.08
-3.35
-10.48
-3.36
0.37
-0.25
-0.42
24.38
-3.18
-8.33
-7.57
3.83
3.1
2.01
1.55
12.36
12.36
Profit Margin (%)
4,104
1,275
-43
3,655
8,106
8,250
9,507
-754
6,074
6,935
16,236
7,346
16,770
17,424
2,887
8,571
8,571
Working Capital
8,901
7,742
8,567
11,616
15,463
16,358
17,057
7,751
15,645
18,905
17,595
8,801
14,428
14,275
1,016
2,656
2,656
LT Debt
21,377
20,465
18,991
19,822
19,822
3,209
3,142
10,798
9,150
6,707
4,625
6,665
8,538
9,048
9,496
15,223
15,223
Total Equity
2.61
- -
- -
- -
6.22
-15.42
-2.54
2.79
- -
- -
- -
- -
-8.86
8.43
6.27
- -
4.02
Return on Invested Capital (%)
8.2
- -
- -
- -
12.38
-21.04
-3.27
42.38
- -
- -
- -
- -
15.47
10
7.2
- -
1.54
Return on Capital (%)
30.13
- -
- -
- -
- -
- -
- -
- -
-16.19
-47.36
-72.4
61.93
35.7
16.8
11.01
140.72
140.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
14,455
- -
14,311
LT Borrowings
3,656
- -
2,656
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
144
- -
144
Market Capitalization
19,205
19,698
17,312

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
29,264
- -
30,729
Cash, Cash Equivalents & STI
632
- -
564
Accounts Receivable, Net
4,162
- -
4,226
Inventories
21,733
- -
24,024
Total Current Liabilities
23,758
- -
22,158
Payables & Accruals
- -
- -
- -
ST Debt
14,455
- -
14,311
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.2%
28.69%
60.31%
Free Cash Flow
-151.9%
-234.2%
-1,116.79%
Net Income, GAAP
-686.37%
88.11%
696.09%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
246.69%
-0.14%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13,823
13,767
11,767
12,196
51,553
2025
12,580
12,628
12,623
11,069
48,900
2026
11,287
11,606
13,314
12,691
48,898

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.14
1.61
1.34
- -
7.19
2025
1.68
1.75
1.03
0.75
5.24
2026
2.01
0.68
0.71
38.41
41.81

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.99
2025
- -
- -
- -
- -
1.99
2026
- -
- -
- -
- -
1.99
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Business
Mukand Limited operates extensively across India, specializing in the production and distribution of alloy and stainless steel goods, along with heavy industrial equipment. The company's operations are divided into distinct units: Steel, Industrial Machinery and Engineering Contracts, and diversified "Other" activities. The Steel division delivers a wide array of specialized steel items, encompassing billets, blooms, bars, wire rods, and bright bars in both alloy and stainless varieties, manufactured to precise specifications for demanding applications. The Industrial Machinery and Engineering Contracts segment focuses on the design, manufacturing, assembly, and commissioning of robust industrial apparatus. This includes overhead traveling and gantry cranes with capacities up to 500 tons, specialized port and shipyard cranes, various material handling systems, custom steel structural components, and processing plants engineered for both ferrous and non-ferrous sectors. These solutions cater to critical industries such as automotive, engineering, defense, power generation, and nuclear facilities. The "Other" activities segment handles ventures in road development, real estate ventures, and non-banking financial services. Established in 1937 and headquartered in Mumbai, India, Mukand Limited, a prominent part of the Bajaj Group, also engages in international trade, exporting its advanced products to markets including the United States, Germany, Italy, Japan, and the United Arab Emirates, among others. The organization was previously recognized as Mukand Iron & Steel Works Limited, adopting its current name in March 1989. Recent initiatives include signing an agreement for a 43.75 MW AC group captive solar plant.