Mukand
- Market cap
- ₹ 2,052 Cr.
- P/E
- 3.3x
- P/B
- 1.46x
- 52-week range
- 114.31 – 190.7
- ROE
- 6%
- ROCE
- 4%
- Dividend yield
- 1.3%
- Debt / equity
- 1.11
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Mukand Limited is an India-based company, which is engaged in manufacturing of special alloy steel/stainless steel, billets, bars, rods, wire rods, electric overhead travelling (EOT) cranes, material handling equipment, other industrial machinery, comprehensive engineering services, construction/erection services. The Company’s segments include Specialty Steel, Industrial Machinery and Engineering Contracts, and Others. The Specialty Steel segment includes products, such as billets, blooms, rounds, wire rods, bars, rods and sections, bright bars and wires of special and alloy steel and stainless steel. The Industrial Machinery and Engineering Contracts segment includes EOT and other cranes, steel structural, material handling equipment, and processing plant and equipment, among others. The Others segment comprises road construction, property development and operations of non-banking financial activities. The Company has two manufacturing facilities located in Maharashtra and Karnataka.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Mukand against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)3.3 against a typical 18.6: cheaper than most peers (1st = cheapest).8th of 146
- Sales growth+20.6% against a typical +13.1% from a year earlier.46th of 117
- Profit growth+96.6% against a typical +26.2% from a year earlier.24th of 105
- Share price, 3 months+6.5% against a typical −3.1%.34th of 135
- Size₹ 2,051.6 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).23rd of 135
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB+ | Stable | 14 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 14 Aug 2026 | Reaffirmed | Crisil BBB+ | — | CRISIL | ₹ 1,660 Cr. | |
| 14 Aug 2025 | Reaffirmed | Crisil BBB+ | — | CRISIL | ₹ 1,660 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 14 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 16 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,377 | 1,177 | 1,239 | 1,258 | 1,263 | 1,262 | 1,107 | 1,129 | 1,161 | 1,329 | 1,269 | 1,362 |
| Expenses | 1,307 | 1,114 | 1,156 | 1,187 | 1,187 | 1,190 | 1,042 | 1,081 | 1,091 | 1,257 | 1,287 | 1,355 |
| Operating Profit | 70 | 62 | 83 | 71 | 76 | 72 | 65 | 47 | 69 | 72 | −17 | 7 |
| OPM % | 5% | 5% | 7% | 6% | 6% | 6% | 6% | 4.2% | 6% | 5% | −1.4% | 0.5% |
| Other Income | 3 | 6 | 4 | 4 | 3 | 2 | 6 | 39 | 3 | 4 | 508 | 105 |
| Interest | 33 | 34 | 31 | 32 | 33 | 32 | 33 | 34 | 38 | 40 | 39 | 34 |
| Depreciation | 12 | 12 | 12 | 11 | 14 | 13 | 13 | 14 | 14 | 16 | 18 | 18 |
| Profit before tax | 28 | 22 | 43 | 32 | 33 | 29 | 24 | 38 | 20 | 21 | 434 | 60 |
| Tax % | 16% | 12% | 33% | 23% | 24% | 49% | 55% | 23% | 50% | 51% | −28% | 5% |
| Net Profit | 23 | 19 | 29 | 24 | 25 | 15 | 11 | 29 | 10 | 10 | 555 | 57 |
| EPS in Rs | 1.61 | 1.34 | 2.01 | 1.68 | 1.75 | 1.03 | 0.75 | 2.01 | 0.68 | 0.71 | 38.41 | 3.97 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 12%
- 3 Years
- −4%
- TTM
- 8%
- 10 Years
- 22%
- 5 Years
- 16%
- 3 Years
- 30%
- TTM
- 689%
- 10 Years
- 10%
- 5 Years
- −2%
- 3 Years
- −5%
- TTM
- —
- 10 Years
- −20%
- 5 Years
- −2%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Mukand | ₹ 147.25 | ₹ 2,052 Cr. | 3.3x | 1.5x | 6% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Nirajkumar Ramkrishnaji Bajaj
- Chairman of the Board, Managing Director
- A. M. Kulkarni
- Chief Executive Officer
- Dhanesh Goradia
- Chief Financial Officer
- Neeraj Kant
- Chief Executive Officer - Kalwe Steel Plant
- Vidyakant Mirje
- Chief Executive Officer - Machine Building Division
- V. Ratnaprasad
- Chief Executive Officer - Steel Plant, Ginigera
- Rajendra Dattaram Sawant
- Compliance Officer, Company Secretary
- Nirav Nayan Bajaj
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.