Mukand

Why is Mukand Ltd falling/rising?

As of 29-Jul, Mukand Ltd's stock price is rising by 0.36%, but it has underperformed its sector by -1.86% and declined 2.00% over the past week. Despite a significant profit increase and improved financial health, mixed performance metrics indicate cautious investor sentiment.

As of 29-Jul, Mukand Ltd's stock price is currently rising, as indicated by a change of 0.5 (0.36%) upward. Despite this daily increase, the stock has underperformed compared to its sector by -1.86%. Over the past week, the stock has seen a decline of 2.00%, while the benchmark Sensex has gained 1.17%. However, in the longer term, Mukand Ltd has shown a positive performance over the past month with a return of 5.49%, slightly lagging behind the Sensex's 1.21% increase.<BR><BR>The company's recent financial results have contributed positively to its valuation, as it reported a higher profit after tax of Rs 565.24 crore and a record return on capital employed (ROCE) of 20.58%. Additionally, the debt-equity ratio is at its lowest at 1.12 times, indicating improved financial health. Despite the stock's negative performance over the past year (-1.62%) and three years (-11.07%), the significant rise in profits by 700.9% suggests a strong underlying business performance.<BR><BR>Moreover, the stock is trading at a discount compared to its peers' average historical valuations, which may attract investors looking for value. However, a notable decline in investor participation, with delivery volume falling by -22.06% against the 5-day average, could indicate a cautious sentiment among traders. Overall, while the stock is experiencing a rise today, its mixed performance metrics suggest a complex situation influenced by both positive financial results and recent underperformance in the market.

Which are the latest news on Mukand?

How big is Mukand?

As of 10th June, Mukand Ltd has a market capitalization of 1,983.00 Cr, with recent net sales of 4,887.69 Cr and a net profit of 604.15 Cr. The company reported shareholder's funds of 949.62 Cr and total assets of 3,516.71 Cr for the annual period ending March 2025.

As of 10th June, Mukand Ltd has a market capitalization of 1,983.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest 4 quarters, Mukand reported Net Sales of 4,887.69 Cr and a Net Profit of 604.15 Cr.<BR><BR>For the latest annual period ending March 2025, the company had Shareholder's Funds amounting to 949.62 Cr and Total Assets of 3,516.71 Cr.

Who are in the management team of Mukand?

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

The management team of Mukand includes the following key individuals:<BR><BR>1. **Niraj Bajaj** - Chairman & Managing Director<BR>2. **Arvind M Kulkarni** - President & Director<BR>3. **Rajendra Sawant** - Company Secretary & Compliance Officer<BR>4. **Niravnayan Niraj Bajaj** - Whole-time Director<BR><BR>Additionally, the board features several independent directors:<BR>- **Prakash V Mehta**<BR>- **Amit Yadav**<BR>- **Bharthi Gandhi**<BR>- **Sankaran Radhakrishnan**<BR><BR>This team plays a crucial role in guiding the company's strategic direction and governance.

Who are the peers of the Mukand?

Mukand's peers include Kirl. Ferrous, Sunflag Iron, Jai Balaji Inds., Maithan Alloys, and others. Mukand has below average management risk and growth, with a 1-year return of 12.53%, while S.A.L Steel leads with a 223.71% return.

Peers: The peers of Mukand are Kirl. Ferrous, Sunflag Iron, Jai Balaji Inds., Maithan Alloys, Prakash Industri, S.A.L Steel, VISA Chrome, Neetu Yoshi, Manaksia Steels, and Vraj Iron.<BR><BR>Quality Snapshot: Excellent management risk is observed at Neetu Yoshi, while Good management risk is found at Kirl. Ferrous. Average management risk is present at Sunflag Iron, Jai Balaji Inds., Maithan Alloys, and Manaksia Steels, and the rest. Below Average management risk is noted at Mukand, Prakash Industri, S.A.L Steel, and the rest. Growth is Excellent at Jai Balaji Inds. and Neetu Yoshi, while Average growth is found at Sunflag Iron, Maithan Alloys, and Manaksia Steels, and the rest. Below Average growth is observed at Kirl. Ferrous, Mukand, Prakash Industri, S.A.L Steel, and the rest. Capital Structure is Excellent at Maithan Alloys and Prakash Industri, Good at Kirl. Ferrous, Sunflag Iron, Neetu Yoshi, and Manaksia Steels, and the rest, while Below Average capital structure is noted at Mukand, S.A.L Steel, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is S.A.L Steel at 223.71%, while Jai Balaji Inds. has the lowest at -37.60%. Mukand's own 1-year return of 12.53% is significantly higher than Jai Balaji Inds. but lower than S.A.L Steel. Additionally, several peers, including Kirl. Ferrous, Jai Balaji Inds., Maithan Alloys, Prakash Industri, and Vraj Iron, have negative six-month returns.

What does Mukand do?

Mukand Ltd is a manufacturer of special alloy and stainless steel products, with a market cap of INR 1,983 Cr. As of March 2026, it reported net sales of 1,269 Cr and a net profit of 555 Cr.

Overview:<BR>Mukand Ltd is a manufacturer of special alloy steel and stainless steel products, operating in the Ferrous Metals industry within the Small Cap market-cap bracket.<BR><BR>History:<BR>Mukand Ltd was incorporated on 29 November 1937 in Mumbai. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 1,269 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 555 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 1,983 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 3.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 1.46% <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

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.

Should I buy, sell or hold Mukand Ltd?

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.