Is Mukand a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mukand Ltd is a average quality company .

Is Mukand undervalued or overvalued?

The key valuation ratios of Mukand Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Mukand share price return in the past 10 years?

Mukand Ltd share price has appreciated 11.5% annually (CAGR) over the past ten years.

Is Mukand a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mukand Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Mukand Ltd - Stock Valuation and Financial Performance

Name: Mukand
Brand: Mukand

BSE: 500460 | NSE: MUKANDLTD | Steel & Iron Products | Small Cap

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Mukand Share Price

₹136.45 -2.65 -1.91%
as on 20-Dec'24 16:59

10 Year X-Ray of Mukand:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.3%	9%	15.5%	9.3%	5.3%	2.5%	12.9%	8.3%	14.3%	10.8%	-
Value Creation Index ⓘ	-0.3	-0.4	0.1	-0.3	-0.6	-0.8	-0.1	-0.4	0.0	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,819	2,731	2,667	3,070	3,588	2,818	2,681	4,643	5,618	5,218	4,991
Sales YoY Gr.	-	-3.1%	-2.4%	15.1%	16.9%	-21.4%	-4.9%	73.2%	21%	-7.1%	-
Adj EPS ⓘ	0.9	1.5	0.9	4.4	-4.9	-13.8	-27.8	5.1	-14.2	7	6.8
YoY Gr.	-	66.3%	-40.5%	398.9%	-210.5%	NA	NA	NA	-379.8%	NA	-
BVPS (₹) ⓘ	32.5	32.6	25.6	80.2	74.5	60.6	63.5	51.2	61	65.5	66.6
Adj Net Profit ⓘ	12.6	21	12.5	62	-68.6	-195	-393	73.1	-205	101	99
Cash Flow from Ops. ⓘ	11.8	117	295	764	-172	121	-262	-105	174	76.6	-
Debt/CF from Ops. ⓘ	217.5	23.3	9.8	2.6	-13.8	21	-7	-19.4	8.7	19.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.1%	7.8%	24.9%	-7.1%
Adj EPS ⓘ	25.8%	NA	NA	NA
BVPSⓘ	8.1%	-2.6%	1.1%	7.4%
Share Price	11.5%	36.9%	2.7%	-21.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	0.6	1	1	8.3	-6.3	-20.4	-44.8	8.9	-25.2	11.1	10.4
Op. Profit Mgn % ⓘ	12.4	13.2	12.4	2.1	4.9	3.9	-9.7	5.1	-3.1	4.4	5.8
Net Profit Mgn % ⓘ	0.5	0.8	0.5	2	-1.9	-6.9	-14.7	1.6	-3.6	1.9	2
Debt to Equity ⓘ	5.5	5.9	8	1.7	2.3	3	2	2.8	1.7	1.6	0
Working Cap Days ⓘ	327	364	393	329	237	305	308	184	157	165	84
Cash Conv. Cycle ⓘ	202	235	241	155	96	158	169	106	95	106	35

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.40%

Sales growth is growing at healthy rate in last 3 years 24.85%

Debt to equity has declined versus last 3 years average to 1.57

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -8.43%

Latest Financials - Mukand Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.8	6.8
TTM Sales (₹ Cr.)	4,991	4,937
BVPS (₹.) ⓘ	66.6	65.1
Reserves (₹ Cr.) ⓘ	849	796
P/BV ⓘ	2.05	2.10
PE ⓘ	19.95	20.00

From the Market
52 Week Low / High (₹)	126.10 / 212.50
All Time Low / High (₹)	1.69 / 212.50
Market Cap (₹ Cr.)	1,972
Equity (₹ Cr.)	144.5
Face Value (₹)	10
Industry PE ⓘ	22.2

Management X-Ray of Mukand:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mukand

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Price to Earnings

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mukand

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,819	2,731	2,667	3,070	3,588	2,818	2,681	4,643	5,618	5,218
Operating Expenses ⓘ	2,481	2,398	2,338	3,019	3,438	2,712	2,941	4,408	5,806	4,987
Manufacturing Costs	940	936	973	1,013	1,179	903	798	1,256	1,415	1,325
Material Costs	1,249	1,134	1,049	1,729	1,947	1,539	1,831	2,901	3,966	3,397
Employee Cost	159	171	175	182	208	189	189	202	205	219
Other Costs ⓘ	133	156	142	94	104	81	122	49	220	47
Operating Profit ⓘ	338	333	328	51	150	107	-260	235	-187	230
Operating Profit Margin (%)	12.0%	12.2%	12.3%	1.7%	4.2%	3.8%	-9.7%	5.1%	-3.3%	4.4%
Other Income ⓘ	20	22	242	312	79	52	724	38	608	78
Interest ⓘ	266	279	425	267	303	338	307	161	175	131
Depreciation ⓘ	75	74	71	56	58	75	69	45	51	48
Exceptional Items ⓘ	-15	0	0	-13	0	0	0	0	0	0
Profit Before Tax ⓘ	2	2	74	26	-132	-255	88	66	194	128
Tax ⓘ	1	1	63	-18	-48	-59	42	-26	9	25
Profit After Tax	2	2	11	44	-84	-196	46	92	185	104
PAT Margin (%)	0.1%	0.1%	0.4%	1.4%	-2.3%	-6.9%	1.7%	2.0%	3.3%	2.0%
Adjusted EPS (₹)	0.1	0.1	0.8	3.1	-6.0	-13.8	3.3	6.3	12.8	7.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	31%	24%	16%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,121	2,118	361	1,134	1,053	857	897	740	881	946
Share Capital ⓘ	147	147	141	141	141	141	141	145	145	145
Reserves ⓘ	1,974	1,971	220	993	912	716	756	596	737	802
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,331	2,464	2,597	1,658	2,229	2,461	1,820	1,036	1,505	1,473
Long Term Debt	1,502	1,582	1,649	779	1,564	1,894	1,735	886	1,448	1,433
Short Term Debt	829	882	949	879	665	567	84	151	56	40
Trade Payables	868	838	864	989	764	775	428	508	541	441
Others Liabilities ⓘ	431	497	523	611	342	308	244	1,243	220	197
Total Liabilities ⓘ	5,751	5,917	4,345	4,392	4,389	4,401	3,389	3,529	3,147	3,057
Fixed Assets
Gross Block	3,406	3,437	1,769	1,474	1,469	1,550	1,541	1,604	1,600	1,638
Accumulated Depreciation	958	1,030	1,077	912	964	1,034	1,094	1,120	1,153	1,197
Net Fixed Assetsⓘ	2,448	2,407	693	562	505	516	447	484	447	441
CWIP ⓘ	26	29	39	23	23	30	26	32	30	34
Investmentsⓘ	251	251	267	1,428	1,453	1,429	715	188	275	121
Inventories	1,424	1,462	1,343	1,105	1,254	1,367	1,111	1,461	1,447	1,494
Trade Receivables	987	1,116	1,011	310	443	420	517	492	518	599
Cash Equivalents	80	65	61	59	60	67	36	209	39	51
Others Assetsⓘ	537	586	932	905	650	572	537	663	392	316
Total Assets ⓘ	5,751	5,917	4,345	4,392	4,389	4,401	3,389	3,529	3,147	3,057

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	12	117	295	764	-172	121	-262	-105	174	77
PBT ⓘ	17	2	74	41	-132	-255	88	66	194	128
Adjustment ⓘ	319	340	276	41	279	385	-287	170	-231	94
Changes in Working Capital ⓘ	-342	-217	-54	704	-320	-8	-80	-328	215	-143
Tax Paid ⓘ	18	-8	-5	-11	1	-2	17	-13	-5	-2
Cash Flow From Investing Activity ⓘ	2	-31	-33	89	8	16	1,353	338	558	102
Capex	-14	-36	-34	88	6	-18	631	-170	619	-49
Net Investments	0	0	0	0	0	32	715	508	-61	150
Others ⓘ	16	5	1	2	2	1	7	0	0	1
Cash Flow From Financing Activityⓘ	-14	-101	-260	-859	153	-136	-1,071	-212	-736	-165
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-312	-277	-406	68	-269	-267	-323	-150	-183	-121
Dividend Paid ⓘ	0	0	0	0	0	0	0	-14	-22	-29
Others ⓘ	298	175	145	-928	422	131	-749	-49	-532	-16
Net Cash Flow ⓘ	0	-15	2	-6	-10	0	19	21	-5	13

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.34	0.35	2.73	5.89	-7.69	-20.47	5.24	11.19	22.87	11.34
ROCE (%)	9.25	9.03	15.49	9.27	5.25	2.45	12.92	8.26	14.31	10.77
Asset Turnover Ratio	0.55	0.53	0.58	0.71	0.82	0.64	0.69	1.34	1.68	1.68
PAT to CFO Conversion(x)	6	58.5	26.82	17.36	N/A	N/A	-5.7	-1.14	0.94	0.74
Working Capital Days
Receivable Days	110	125	130	78	38	56	64	40	33	39
Inventory Days	155	172	171	144	120	170	169	101	94	103
Payable Days	130	141	158	119	109	118	92	55	47	53

Mukand Ltd Stock News

Mukand Ltd FAQs

What is the share price of Mukand?

Company share prices are keep on changing according to the market conditions. The closing price of Mukand on 20-Dec-2024 16:59 is ₹136.4.

What is the market cap of Mukand?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Mukand stood at ₹1,971.6.

What is the P/E ratio of Mukand?

The latest P/E ratio of Mukand as of 20-Dec-2024 16:59 is 19.95.

What is the P/B ratio of Mukand?

The latest P/B ratio of Mukand as of 20-Dec-2024 16:59 is 2.05.

What is the 52-week high and low of Mukand?

The 52-week high of Mukand is ₹212.5 and the 52-week low is ₹126.1.

What is the TTM revenue of Mukand?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mukand is ₹4,991 ( Cr.) .

About Mukand Ltd

Mukand, incorporated in 1937; is engaged in manufacturing of alloy and stainless steel long products. Earlier known as Mukand Iron & Steel Works; the company operates in four segments namely steel, industrial machinery, road construction and other products.

Mukand is part of Bajaj group of companies. Bajaj Auto is Flagship Company of this group.

Companyâ€™s steel plant is located at Kalwe near Mumbai and Hospet, Karnataka. Mukandâ€™s manufacturing facilities are ISO 9000: 2000 certified.

The Company supplies its steel products to customers located in countries such as the United States of America, Germany, Italy, the Netherlands, Switzerland, United Arab Emirates, Japan, Korea, Hong Kong, Taiwan, Vietnam, to mention a few.

The company has offered its products and services to clients like Maruti Udyog, Bajaj Auto, Honda Motor Cycle & Scooter India, Hero Honda Motors, Steel Authority of India, Larsen & Toubro, Defence Research and Development Organisation, Mitsui, General Electric, National Highways Authority of India are among others.

In 2012 the company formed the Joint Venture with Sumitomo Corporation, Japan & sale of Cold Finished Bars & Wires Business to subsidiary, Technosys Metal Processing Ltd.

Business Area

Steel- Under this, it manufactures a wide range of steel and alloy products such as wire rods, rolled products, round bars, hexagons, round corners squares, bright bars, cold finished wires and cast for booms and billets.

Machinery- Under this Mukand manufactures electric overhead travelling (EOT) cranes, electrical level luffing crane, gantry crane, container handling crane, bulk material handling and equipment, process plant equipment.

Turnkey projects- This division undertakes several projects for various organisation such as a 40 metre high mobile service structure for assembly of augmented satellite launching vehicle (ASLV) for Indian Space Research Organization (ISRO); An anode handling and rodding plant for National Aluminium Company are among several others projects.

Road construction- The company undertook construction of two highway projects namely Ashapur-Khaga and Handia-Rajatalao funded by the World Bank.