Mukand

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.

Who are the peers of the Mukand?

Mukand's peers include JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, SAIL, Vraj Iron, Manaksia Steels, Visa Steel, and Scan Steels. In terms of performance, Lloyds Metals leads with a 1-year return of 105.66%, while Mukand has the lowest at -24.85%.

Peers: The peers of Mukand are JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, SAIL, Vraj Iron, Manaksia Steels, Visa Steel, and Scan Steels.<BR><BR>Quality Snapshot: Excellent management risk is observed at JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, and SAIL, while Average management risk is found at Mukand, Vraj Iron, Scan Steels, and Jainam Ferro. Good growth is seen in JSW Steel, Mukand, Jindal Steel, and Lloyds Metals, while Average growth is noted for Tata Steel and Jainam Ferro. Below Average growth is present at SAIL, Vraj Iron, Manaksia Steels, and Scan Steels, with Visa Steel not qualifying. Capital Structure is Excellent for Lloyds Metals and Vraj Iron, Good for Jindal Steel and Scan Steels, Average for Tata Steel, and Below Average for Mukand and SAIL, while Manaksia Steels has Excellent Capital Structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lloyds Metals at 105.66%, while the lowest is Mukand at -24.85%. Mukand's 1-year return is significantly lower than that of Lloyds Metals. Additionally, the six-month returns are negative for Lloyds Metals, SAIL, Mukand, Vraj Iron, and Scan Steels.

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.

Who are in the management team of Mukand?

As of March 2023, Mukand's management team includes Niraj Bajaj (Chairman & Managing Director), Arvind M Kulkarni (President & Director), and several independent directors, with varying remunerations. This team is responsible for the company's governance and strategic direction.

As of March 2023, the management team of Mukand includes the following individuals:<BR><BR>1. **Niraj Bajaj** - Chairman & Managing Director, with a remuneration of INR 1.28 crore.<BR>2. **Prakash V Mehta** - Independent Director, with a remuneration of INR 11.4 lakhs.<BR>3. **Amit Yadav** - Independent Director, with a remuneration of INR 9.0 lakhs.<BR>4. **Bharthi Gandhi** - Independent Director, with a remuneration of INR 6.7 lakhs.<BR>5. **Sankaran Radhakrishnan** - Independent Director, with a remuneration of INR 11.8 lakhs.<BR>6. **Arvind M Kulkarni** - President & Director, with a remuneration of INR 1.19 crore.<BR>7. **Rajendra Sawant** - Company Secretary & Compliance Officer, with a remuneration of INR 0.<BR>8. **Niravnayan Niraj Bajaj** - Whole-time Director, with a remuneration of INR 0.<BR><BR>This team plays a crucial role in the governance and strategic direction of the company.

What does Mukand do?

Mukand Ltd is a Mumbai-based manufacturer of special alloy and stainless steel, operating in the small-cap ferrous metals industry. As of March 2025, it reported net sales of ₹11,069 Cr and a net profit of ₹109 Cr, with a market cap of ₹2,058 Cr.

Overview:<BR>Mukand Ltd is a leading manufacturer of special alloy steel and stainless steel, operating in the ferrous metals industry within the small-cap market segment.<BR><BR>History:<BR>Incorporated on 29 November 1937 in Mumbai, Mukand Ltd has established itself as a key player in the manufacture of various steel products and industrial machinery. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 11,069 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 109 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 2,058 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 27.00 <BR>Industry P/E: 34 <BR>Dividend Yield: 1.42% <BR>Debt-Equity: 1.61 <BR>Return on Equity: 8.00% <BR>Price to Book: 2.15 <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 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.

How big is Mukand?

As of 24th July, Mukand Ltd has a market capitalization of 1,960.00 Cr, with net sales of 4,889.99 Cr and a net profit of 75.94 Cr for the latest four quarters. The balance sheet as of March 2025 shows shareholder's funds of 949.62 Cr and total assets of 3,516.71 Cr.

As of 24th July, Mukand Ltd has a market capitalization of 1,960.00 Cr, categorizing it as a Small Cap company.<BR><BR>For the latest four quarters, Mukand reported net sales of 4,889.99 Cr and a net profit of 75.94 Cr.<BR><BR>As of March 2025, the balance sheet shows shareholder's funds of 949.62 Cr and total assets amounting to 3,516.71 Cr.

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.

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.

Are Mukand Ltd latest results good or bad?

Mukand Ltd's latest Q3 FY26 results show strong revenue growth with net sales up 14.72% sequentially and 5.48% year-on-year; however, net profit declined 31.28% year-on-year, and profitability margins have compressed, indicating more negative than positive overall performance. Investors should be cautious due to ongoing profitability challenges and high tax expenses.

Mukand Ltd's latest results for Q3 FY26 present a mixed picture. On one hand, the company achieved net sales of ₹1,331.41 crores, reflecting a strong sequential growth of 14.72% and a year-on-year increase of 5.48%. This indicates a positive demand for its products, particularly in the alloy steel and stainless steel segments.<BR><BR>However, the profitability metrics are concerning. The net profit of ₹10.26 crores represents a significant decline of 31.28% year-on-year, despite a slight increase of 3.85% compared to the previous quarter. The PAT margin has also compressed to just 0.77%, down from 1.18% in the same quarter last year, highlighting challenges in converting revenue growth into profit.<BR><BR>The company faced exceptionally high tax expenses, with an effective tax rate of 50.72%, which has severely impacted its bottom line. Additionally, rising interest costs and operating margin compression further complicate the financial outlook. The operating margin decreased to 5.42%, down from 5.73% a year ago, indicating pressures on profitability.<BR><BR>In summary, while Mukand Ltd has shown strong revenue growth, the significant decline in net profit and profitability margins suggests that the latest results are more negative than positive. Investors should be cautious, considering the ongoing challenges in profitability and high leverage.

Should I buy, sell or hold Mukand Ltd?

Why is Mukand Ltd falling/rising?

As of 16-Mar, Mukand Ltd's stock price is declining, currently at 117.60, with a 2.08% drop and a 10.74% decline over the past month. The stock's poor performance is attributed to significant profit losses and weak fundamentals, leading to negative investor sentiment.

As of 16-Mar, Mukand Ltd's stock price is falling, currently at 117.60, reflecting a decrease of 2.5 points or 2.08%. The stock has been underperforming, having lost 4.78% over the last three days and is trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. <BR><BR>In terms of broader performance, the stock has declined by 10.74% over the past month, which is worse than the Sensex's decline of 9.34%. Year-to-date, Mukand Ltd has also underperformed, with a drop of 13.59% compared to the Sensex's 11.40% decline. Although the stock generated a notable return of 29.30% over the past year, this is contrasted by a significant drop in profits, which have fallen by 35.8%. <BR><BR>Additionally, the company has reported negative results for the last four consecutive quarters, with a profit after tax of Rs 20.14 crore reflecting a decline of 49.90%. The weak long-term fundamentals, indicated by a low return on capital employed (ROCE) of 7.3 and a high debt to EBITDA ratio of 6.37 times, further contribute to investor concerns. <BR><BR>Despite an increase in delivery volume, which rose by 59.91% against the 5-day average, the overall sentiment remains negative, leading to a lack of confidence among investors, as evidenced by the absence of domestic mutual fund holdings in the company. This combination of poor recent performance, declining profits, and weak fundamentals is driving the stock's current downward trend.

Which are the latest news on Mukand?