Mukand

Which are the latest news on Mukand?

Why is Mukand Ltd falling/rising?

As of 05-Sep, Mukand Ltd's stock price is rising to 134.45 after a trend reversal, but it has declined over the past week and month. Despite a recent gain, the stock faces fundamental challenges and mixed signals regarding its price momentum.

As of 05-Sep, Mukand Ltd's stock price is rising, currently at 134.45, reflecting an increase of 1.95 or 1.47%. This upward movement comes after a trend reversal, as the stock has gained after four consecutive days of decline. Despite this recent rise, the stock has shown a negative performance over the past week and month, with declines of 1.93% and 5.75%, respectively. <BR><BR>The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed signals regarding its price momentum. Additionally, there has been a decrease in investor participation, with delivery volume falling by 11.89% against the five-day average, which may suggest a lack of confidence among investors.<BR><BR>On a positive note, Mukand Ltd has generated a return of 1.20% over the past year, while its profits have significantly increased by 689.3%. The stock is also trading at a discount compared to its peers' average historical valuations, which may attract some investors looking for value. However, the company faces challenges, including weak long-term fundamental strength, a high Debt to EBITDA ratio, and poor growth in net sales over the past five years. <BR><BR>Overall, while the stock is experiencing a rise today, the broader context of its performance and fundamental challenges suggests a complex situation for Mukand Ltd.

Who are in the management team of Mukand?

The management team of Mukand includes Niraj Bajaj (Chairman & Managing Director), Arvind M Kulkarni (President & Director), and several independent directors: Prakash V Mehta, Amit Yadav, Bharthi Gandhi, and Sankaran Radhakrishnan, along with Rajendra Sawant (Company Secretary) and Niravnayan Niraj Bajaj (Whole-time Director). They are responsible for the company's strategic direction and regulatory compliance.

The management team of Mukand includes the following key members:<BR><BR>1. **Niraj Bajaj** - Chairman & Managing Director<BR>2. **Prakash V Mehta** - Independent Director<BR>3. **Amit Yadav** - Independent Director<BR>4. **Bharthi Gandhi** - Independent Director<BR>5. **Sankaran Radhakrishnan** - Independent Director<BR>6. **Arvind M Kulkarni** - President & Director<BR>7. **Rajendra Sawant** - Company Secretary & Compliance Officer<BR>8. **Niravnayan Niraj Bajaj** - Whole-time Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and ensuring compliance with regulations.

What does Mukand do?

Mukand Ltd is a small-cap company in the ferrous metals industry, specializing in special alloy steel and industrial machinery. As of June 2026, it reported net sales of ₹1,362 Cr and a net profit of ₹57 Cr, with a market cap of ₹1,957 Cr.

Overview:<BR>Mukand Ltd is a small-cap company in the ferrous metals industry, primarily engaged in the manufacture of special alloy steel, stainless steel, and various industrial machinery.<BR><BR>History:<BR>Mukand Ltd was incorporated on 29 November 1937 in Mumbai. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 1,362 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 57 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 1,957 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 3.00 <BR>Industry P/E: 25 <BR>Dividend Yield: 2.19% <BR>Debt-Equity: 1.09 <BR>Return on Equity: 39.69% <BR>Price to Book: 1.30 <BR><BR>Contact Details:<BR>Address: Bajaj Bhavan Nariman Point, 226 Jamnalal Bajaj Marg Mumbai Maharashtra : 400021 <BR>Tel: 91-022-61216666 <BR>Email: investors@mukand.com <BR>Website: http://www.mukand.com

Who are the peers of the Mukand?

Mukand's peers include Indian Metals, Jai Balaji Inds., Sunflag Iron, Maithan Alloys, Prakash Industri, S.A.L Steel, Manaksia Steels, Neetu Yoshi, VISA Chrome, and Vraj Iron. In terms of management risk, Mukand has Below Average risk, with its 1-year return at 7.12%, significantly lower than S.A.L Steel's 338.02% but higher than Jai Balaji Inds.' -30.12%.

Peers: The peers of Mukand are Indian Metals, Jai Balaji Inds., Sunflag Iron, Maithan Alloys, Prakash Industri, S.A.L Steel, Manaksia Steels, Neetu Yoshi, VISA Chrome, and Vraj Iron.<BR><BR>Quality Snapshot: Excellent management risk is observed at Neetu Yoshi, while Average management risk is found at Indian Metals, Jai Balaji Inds., Sunflag Iron, Maithan Alloys, and Manaksia Steels, and the rest. Below Average management risk is present at Mukand, Prakash Industri, S.A.L Steel, and Vraj Iron. Growth is Excellent at Neetu Yoshi, Good at Jai Balaji Inds., and Average at Mukand, while Below Average growth is seen in Indian Metals, Sunflag Iron, Maithan Alloys, Prakash Industri, S.A.L Steel, and Vraj Iron, and the rest. Capital Structure is Excellent at Indian Metals, Maithan Alloys, and Prakash Industri, Good at Sunflag Iron and Manaksia Steels, and Below Average at Mukand, S.A.L Steel, and Vraj Iron.<BR><BR>Return Snapshot: The peer with the highest 1-year return is S.A.L Steel at 338.02%, while the lowest is Jai Balaji Inds. at -30.12%. Mukand's own 1-year return is 7.12%, which is significantly lower than S.A.L Steel's but higher than Jai Balaji Inds. Additionally, Prakash Industri and Vraj Iron have negative six-month returns.

How big is Mukand?

As of 31st August, Mukand Ltd has a market capitalization of 1,957.00 Cr, with recent net sales of 5,121.19 Cr and a net profit of 632.48 Cr. The company reported shareholder's funds of 1,522.33 Cr and total assets of 3,958.92 Cr for the annual period ending March 2026.

As of 31st August, Mukand Ltd has a market capitalization of 1,957.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Mukand reported Net Sales of 5,121.19 Cr and a Net Profit of 632.48 Cr.<BR><BR>For the latest annual period ending March 2026, the company had Shareholder's Funds amounting to 1,522.33 Cr and Total Assets of 3,958.92 Cr.

Should I buy, sell or hold Mukand Ltd?

Are Mukand Ltd latest results good or bad?

Mukand Ltd's latest results show a significant net profit of ₹554.98 crores for Q4 FY26, primarily driven by exceptional income, while core operations faced an operating loss of ₹17.49 crores. Despite a year-on-year revenue growth of 14.65%, the reliance on non-recurring income raises concerns about the sustainability of earnings, suggesting investors should be cautious.

Mukand Ltd's latest results present a mixed picture. On one hand, the company reported a significant net profit of ₹554.98 crores for Q4 FY26, which is an impressive year-on-year increase of 4991.56%. However, this profit is largely attributed to exceptional other income of ₹508.34 crores, which accounted for 117.19% of profit before tax. This raises concerns about the sustainability of earnings, as the core operations actually recorded an operating loss of ₹17.49 crores, marking a substantial decline from the previous year.<BR><BR>Revenue for the quarter was ₹1,269.09 crores, reflecting a year-on-year growth of 14.65%, but it also showed a sequential decline of 4.53% from the previous quarter. The operating margin, excluding other income, fell to -1.38%, indicating operational challenges and cost pressures in the steel business.<BR><BR>In terms of market performance, the stock gained 2.99% following the results announcement, closing at ₹141.15, and is trading above key moving averages, suggesting a mildly bullish technical setup. However, the underlying operational issues and reliance on exceptional income for profit raise red flags about the company's financial health.<BR><BR>Overall, while the reported profit looks good on the surface, the operational losses and reliance on non-recurring income suggest that the results are not as strong as they might initially appear. Investors should approach with caution, keeping an eye on future operational performance.

How has been the historical performance of Mukand?

Mukand's historical performance shows a decline in net sales and profitability, with net sales dropping from 5,567.60 Cr in Mar'23 to 4,889.99 Cr in Mar'25, although operating profit improved from a loss to a profit. Total liabilities and assets increased, while cash flow from operations significantly improved despite a net cash outflow in Mar'25.

Answer:<BR>The historical performance of Mukand shows a fluctuating trend in net sales and profitability over the years, with a notable decline in recent periods.<BR><BR>Breakdown:<BR>Mukand's net sales have decreased from 5,567.60 Cr in Mar'23 to 4,889.99 Cr in Mar'25, reflecting a downward trend. The total operating income followed a similar pattern, dropping from 5,567.60 Cr in Mar'23 to 4,889.99 Cr in Mar'25. The company's operating profit (PBDIT) has shown some recovery, moving from a loss of -177.06 Cr in Mar'23 to a profit of 298.66 Cr in Mar'25, although it was higher at 408.13 Cr in Mar'23. Profit before tax also decreased from 178.78 Cr in Mar'23 to 118.30 Cr in Mar'25, and profit after tax fell from 178.29 Cr in Mar'23 to 75.89 Cr in Mar'25. On the balance sheet, total liabilities increased from 2,967.53 Cr in Mar'24 to 3,516.71 Cr in Mar'25, while total assets rose from 2,967.53 Cr to 3,516.71 Cr in the same period. Cash flow from operating activities improved significantly from -101.00 Cr in Mar'22 to 180.00 Cr in Mar'25, although the net cash outflow was recorded at -29.00 Cr in Mar'25. Overall, Mukand's financial performance reflects challenges in sales and profitability, with some recovery in operational cash flow.

Is Mukand technically bullish or bearish?

As of November 13, 2025, Mukand's technical trend is mildly bullish based on daily moving averages, despite mixed signals from weekly indicators suggesting caution.

As of 13 November 2025, the technical trend for Mukand has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating a bullish trend. However, the weekly MACD and KST are mildly bearish, suggesting some caution. The Bollinger Bands and Dow Theory are also bearish on a weekly basis, which contrasts with the monthly indicators showing mild bullishness. Overall, while there are mixed signals, the daily indicators provide a stronger bullish bias in the short term.

Who are the top shareholders of the Mukand?

The top shareholders of Mukand include Jamnalal Sons Private Limited with 19.92%, Siddhant Commercials Private Limited at 2.48%, and individual investors holding 15.59%. There are also 15 foreign institutional investors with 0.28% and four mutual fund schemes with negligible holdings, with no pledged promoter holdings.

The top shareholders of Mukand include several key players. The largest shareholder is Jamnalal Sons Private Limited, which holds 19.92% of the shares. Following that, Siddhant Commercials Private Limited is the highest public shareholder with a stake of 2.48%. Additionally, individual investors collectively hold 15.59% of the shares. There are also 15 foreign institutional investors (FIIs) with a combined holding of 0.28%, and four mutual fund schemes that hold a negligible amount (0.0%). Notably, there are no pledged promoter holdings, indicating a strong position among the promoters.

Is Mukand overvalued or undervalued?

As of June 24, 2025, Mukand's valuation is considered attractive with a PE ratio of 26.12, lower than peers like JSW Steel and Tata Steel, and its recent stock performance has outpaced the Sensex, indicating positive market sentiment despite being fairly valued.

As of 24 June 2025, Mukand's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered fairly valued. Key ratios include a PE ratio of 26.12, an EV to EBITDA of 12.37, and a Price to Book Value of 2.09. <BR><BR>When compared to peers, Mukand's PE ratio is notably lower than that of JSW Steel at 65.14 and Tata Steel at 51.03, both of which are rated as fair. In contrast, Jindal Steel, which is also attractive, has a PE ratio of 23.34, suggesting that Mukand may have room for improvement in its valuation. Additionally, Mukand's recent stock performance has outpaced the Sensex, with a 1-week return of 17.10% compared to the Sensex's 0.58%, reinforcing a positive sentiment around the stock despite its overall valuation status.

When is the next results date for Mukand?

No Upcoming Board Meetings

Has Mukand declared dividend?

Yes, Mukand Ltd has declared a 20% dividend, amounting to ₹2 per share, with an ex-date of July 26, 2024. While recent total returns have been negative, the company has shown significant growth over the past five years, with a total return of 558.27%.

Mukand Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 2<BR>- Ex-date: 26 Jul 24<BR><BR>Dividend Yield: 1.67%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -18.56%, with a dividend return of 0%, resulting in a total return of -18.56%.<BR><BR>Over the past year, the price return was -20.81%, while the dividend return was 1.26%, leading to a total return of -19.55%.<BR><BR>In the 2-year period, the price return was -6.65%, with a dividend return of 3.10%, culminating in a total return of -3.55%.<BR><BR>For the 3-year period, there was no price return, but the dividend return was 5.29%, resulting in a total return of 5.29%.<BR><BR>In the 4-year period, the price return was -0.71%, and the dividend return was 5.26%, leading to a total return of 4.55%.<BR><BR>Over the last 5 years, the price return was an impressive 528.04%, with a dividend return of 30.23%, resulting in a total return of 558.27%.<BR><BR>Overall, Mukand Ltd has declared a dividend, and while the recent total returns have shown volatility, particularly in the shorter periods, the long-term performance reflects significant growth, especially in terms of price and dividends over five years.