About
Mukand Limited engages in the manufacture and sale of alloy and stainless steel products in India and internationally. It operates through the Steel, Industrial Machinery and Engineering Contracts, and Others segments. The Steel segment offers billets, blooms, rounds, wire rods, bars, rods and sections, and bright bars, as well as wires of special, alloy, and stainless steel. Its Industrial Machinery and Engineering Contracts segment provides EOT and other cranes, steel structural, material handling equipment, and processing plant and equipment. The Others segment is involved in the road construction, property development, and non-banking financial activities. The company also provides engineering services, including design, procurement, project management, construction, and commissioning services. It serves the agriculture, automotive, construction, power generation, petrochemical, heavy equipment, infrastructure, and transportation industries, as well as the steel, power, decontamination, cement, hydrocarbon, defense, and non-ferrous industries. The company was formerly known as Mukand Iron & Steel Works Limited and changed its name to Mukand Limited in March 1989. Mukand Limited was incorporated in 1937 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap1,949 Cr
P/E3.08
Div Yield1.49 %
Book Value₹105.00
52w High₹154.00
52w Low₹114.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,362.00 | 1,269.00 | 1,329.00 | 1,161.00 | 1,129.00 | 1,107.00 | 1,262.00 | 1,263.00 | 1,258.00 | 1,239.00 | 1,177.00 | 1,377.00 | 1,382.00 |
| Expenses | 1,355.00 | 1,287.00 | 1,257.00 | 1,091.00 | 1,081.00 | 1,042.00 | 1,190.00 | 1,187.00 | 1,187.00 | 1,156.00 | 1,114.00 | 1,307.00 | 1,305.00 |
| Operating Profit | 7.00 | -17.00 | 72.00 | 69.00 | 47.00 | 65.00 | 72.00 | 76.00 | 71.00 | 83.00 | 62.00 | 70.00 | 77.00 |
| OPM % | 0.50 | -1.40 | 5.00 | 6.00 | 4.20 | 6.00 | 6.00 | 6.00 | 6.00 | 7.00 | 5.00 | 5.00 | 6.00 |
| Other Income | 105.00 | 508.00 | 4.00 | 3.00 | 39.00 | 6.00 | 2.00 | 3.00 | 4.00 | 4.00 | 6.00 | 3.00 | 3.00 |
| Depreciation | 18.00 | 18.00 | 16.00 | 14.00 | 14.00 | 13.00 | 13.00 | 14.00 | 11.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Interest | 34.00 | 39.00 | 40.00 | 38.00 | 34.00 | 33.00 | 32.00 | 33.00 | 32.00 | 31.00 | 34.00 | 33.00 | 33.00 |
| Profit before tax | 60.00 | 434.00 | 21.00 | 20.00 | 38.00 | 24.00 | 29.00 | 33.00 | 32.00 | 43.00 | 22.00 | 28.00 | 34.00 |
| Tax % | 5.00 | -28.00 | 51.00 | 50.00 | 23.00 | 55.00 | 49.00 | 24.00 | 23.00 | 33.00 | 12.00 | 16.00 | 9.00 |
| Net Profit | 57.00 | 555.00 | 10.00 | 10.00 | 29.00 | 11.00 | 15.00 | 25.00 | 24.00 | 29.00 | 19.00 | 23.00 | 31.00 |
| EPS in Rs | 3.97 | 38.41 | 0.71 | 0.68 | 2.01 | 0.75 | 1.03 | 1.75 | 1.68 | 2.01 | 1.34 | 1.61 | 2.14 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,890.00 | 4,890.00 | 5,175.00 | 5,568.00 | 4,643.00 | 2,726.00 | 2,923.00 | 3,689.00 | 3,436.00 | 2,713.00 | 2,953.00 | 3,016.00 |
| Expenses | 4,718.00 | 4,605.00 | 4,882.00 | 5,739.00 | 4,404.00 | 3,228.00 | 2,848.00 | 3,542.00 | 3,216.00 | 2,351.00 | 2,593.00 | 2,643.00 |
| Operating Profit | 172.00 | 285.00 | 293.00 | -172.00 | 239.00 | -502.00 | 75.00 | 148.00 | 220.00 | 361.00 | 360.00 | 373.00 |
| OPM % | 3.50 | 6.00 | 6.00 | -3.10 | 5.00 | -18.00 | 2.60 | 4.00 | 6.00 | 13.00 | 12.00 | 12.00 |
| Other Income | 553.00 | 14.00 | 15.00 | 573.00 | 119.00 | 748.00 | 68.00 | 79.00 | 1,331.00 | 45.00 | 12.00 | -7.00 |
| Interest | 150.00 | 130.00 | 131.00 | 177.00 | 161.00 | 332.00 | 364.00 | 327.00 | 473.00 | 294.00 | 293.00 | 276.00 |
| Depreciation | 62.00 | 51.00 | 50.00 | 52.00 | 45.00 | 69.00 | 75.00 | 58.00 | 158.00 | 72.00 | 77.00 | 76.00 |
| Profit before tax | 512.00 | 118.00 | 127.00 | 172.00 | 151.00 | -155.00 | -296.00 | -158.00 | 920.00 | 42.00 | 2.00 | 13.00 |
| Tax % | -18.00 | 36.00 | 18.00 | 0.00 | -17.00 | 32.00 | -19.00 | -27.00 | 11.00 | 127.00 | 280.00 | 12.00 |
| Net Profit | 604.00 | 76.00 | 104.00 | 172.00 | 176.00 | -204.00 | -240.00 | -115.00 | 821.00 | -11.00 | -6.00 | 12.00 |
| EPS in Rs | 41.81 | 5.25 | 7.19 | 11.89 | 12.47 | -14.41 | -16.96 | -8.17 | 58.06 | -0.80 | -0.53 | 0.79 |
| Dividend Payout % | 7.00 | 38.00 | 28.00 | 17.00 | 12.00 | -7.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 145.00 | 145.00 | 145.00 | 145.00 | 145.00 | 141.00 | 141.00 | 141.00 | 141.00 | 141.00 | 141.00 | 141.00 |
| Reserves | 1,378.00 | 805.00 | 760.00 | 709.00 | 522.00 | 321.00 | 529.00 | 774.00 | 938.00 | 173.00 | 1,714.00 | 1,725.00 |
| Borrowings | 1,697.00 | 1,559.00 | 1,489.00 | 1,505.00 | 2,036.00 | 2,076.00 | 2,755.00 | 2,575.00 | 2,124.00 | 2,979.00 | 2,852.00 | 2,621.00 |
| Other Liabilities | 858.00 | 1,033.00 | 636.00 | 819.00 | 822.00 | 699.00 | 1,034.00 | 975.00 | 1,243.00 | 1,181.00 | 1,386.00 | 1,376.00 |
| Total Liabilities | 4,077.00 | 3,542.00 | 3,030.00 | 3,178.00 | 3,524.00 | 3,237.00 | 4,460.00 | 4,465.00 | 4,447.00 | 4,474.00 | 6,093.00 | 5,863.00 |
| Fixed Assets | 628.00 | 537.00 | 452.00 | 488.00 | 484.00 | 447.00 | 516.00 | 505.00 | 562.00 | 693.00 | 2,429.00 | 2,461.00 |
| CWIP | 98.00 | 142.00 | 34.00 | 30.00 | 32.00 | 26.00 | 30.00 | 23.00 | 23.00 | 39.00 | 31.00 | 38.00 |
| Investments | 40.00 | 29.00 | 10.00 | 159.00 | 128.00 | 528.00 | 1,214.00 | 1,287.00 | 1,268.00 | 133.00 | 36.00 | 38.00 |
| Other Assets | 3,312.00 | 2,833.00 | 2,534.00 | 2,501.00 | 2,880.00 | 2,236.00 | 2,700.00 | 2,650.00 | 2,594.00 | 3,609.00 | 3,597.00 | 3,326.00 |
| Total Assets | 4,077.00 | 3,542.00 | 3,030.00 | 3,178.00 | 3,524.00 | 3,237.00 | 4,460.00 | 4,465.00 | 4,447.00 | 4,474.00 | 6,093.00 | 5,863.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -441.00 | 180.00 | 65.00 | 106.00 | -102.00 | -328.00 | 150.00 | -56.00 | 894.00 | 319.00 | 135.00 | 19.00 |
| Cash from Investing Activity | 472.00 | -124.00 | 99.00 | 619.00 | 280.00 | 1,345.00 | 12.00 | 7.00 | 88.00 | -36.00 | -35.00 | -11.00 |
| Cash from Financing Activity | -37.00 | -86.00 | -152.00 | -728.00 | -166.00 | -997.00 | -159.00 | 40.00 | -987.00 | -283.00 | -94.00 | -10.00 |
| Net Cash Flow | -6.00 | -29.00 | 12.00 | -3.00 | 12.00 | 20.00 | 2.00 | -9.00 | -5.00 | 0.00 | 5.00 | -3.00 |
| Free Cash Flow | 40.00 | 74.00 | 12.00 | 726.00 | -319.00 | 302.00 | 129.00 | -50.00 | 980.00 | 283.00 | 97.00 | -6.00 |
| CFO/OP % | -254.00 | 61.00 | 23.00 | -66.00 | -37.00 | 69.00 | 205.00 | -36.00 | 412.00 | 90.00 | 41.00 | 1.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32.00 | 32.00 | 38.00 | 30.00 | 39.00 | 69.00 | 52.00 | 45.00 | 31.00 | 137.00 | 144.00 | 122.00 |
| Inventory Days | 278.00 | 240.00 | 173.00 | 144.00 | 184.00 | 217.00 | 309.00 | 227.00 | 220.00 | 456.00 | 417.00 | 380.00 |
| Days Payable | 65.00 | 71.00 | 48.00 | 50.00 | 64.00 | 84.00 | 172.00 | 138.00 | 196.00 | 294.00 | 238.00 | 230.00 |
| Cash Conversion Cycle | 245.00 | 201.00 | 163.00 | 125.00 | 159.00 | 203.00 | 189.00 | 134.00 | 56.00 | 299.00 | 323.00 | 273.00 |
| Working Capital Days | 62.00 | 20.00 | 119.00 | 97.00 | 41.00 | 155.00 | 77.00 | 53.00 | -15.00 | 119.00 | 104.00 | 87.00 |
| ROCE % | 4.00 | 10.00 | 11.00 | -8.00 | 8.00 | -18.00 | 2.00 | 5.00 | 4.00 | 8.00 | 7.00 | 7.00 |
Corporate Actions
27 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 07 Aug 2026 | 07 Aug 2026 | — | 3.00 | NSE/BSE dividend mismatch: NSE=2.0; NSE=1.0; BSE=3.0 |
| Dividend | 07 Aug 2026 | 07 Aug 2026 | — | 1.00 | NSE/BSE dividend mismatch: NSE=2.0; NSE=1.0; BSE=3.0 |
| Dividend | 07 Aug 2026 | 07 Aug 2026 | — | 2.00 | NSE/BSE dividend mismatch: NSE=2.0; NSE=1.0; BSE=3.0 |
| Dividend | 25 Jul 2025 | 25 Jul 2025 | — | 2.00 | |
| Dividend | 26 Jul 2024 | — | — | 2.00 | |
| Dividend | 28 Jul 2023 | — | — | 2.00 | |
| Dividend | 28 Jul 2022 | — | — | 1.50 | |
| Dividend | 08 Sep 2021 | 10 Sep 2021 | — | 1.00 | |
| Other | 25 Jul 2019 | — | — | — | Annual General Meeting |
| Other | 02 Aug 2018 | — | — | — | Annual General Meeting |
| Other | 13 Jul 2017 | — | — | — | Annual General Meeting |
| Other | 28 Jul 2016 | — | — | — | Annual General Meeting |
| Other | 30 Jul 2015 | — | — | — | Annual General Meeting |
| Other | 31 Jul 2014 | — | — | — | Annual General Meeting |
| Rights | 10 Feb 2014 | 11 Feb 2014 | 1:1 | — | |
| Other | 10 Feb 2014 | 11 Feb 2014 | — | — | Right Issue of Equity Shares |
| Other | 01 Aug 2013 | — | — | — | Annual General Meeting |
| Other | 02 Aug 2012 | — | — | — | Annual General Meeting |
| Dividend | 14 Jul 2011 | — | — | 1.00 | |
| Dividend | 08 Jul 2010 | — | — | 1.00 | |
| Other | 09 Jul 2009 | — | — | — | Annual General Meeting |
| Dividend | 11 Jul 2008 | — | — | 1.00 | |
| Dividend | 28 Jun 2007 | — | — | 1.00 | |
| Other | 29 Jun 2006 | — | — | — | Agm |
| Other | 08 Jul 2005 | — | — | — | Agm |
| Other | 01 Jan 2004 | 09 Jan 2004 | — | — | Reduction of Capital |
| Other | 01 Jan 2004 | 09 Jan 2004 | — | — | Right Issue of Equity Shares |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update14 Aug from crisil
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Rating update14 Aug 2025 from crisil
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Rating update16 Aug 2024 from crisil
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Rating update2 Jul 2024 from smera
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Rating update3 Jan 2024 from smera
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Rating update21 Aug 2023 from crisil