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Mukand Limited
(MUKANDLTD)
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Rating:52Neutral
Price Target:
₹136.00
▼(-1.88% Downside)
Action:Reiterated
Date:08/20/26
The score is held back mainly by weak and inconsistent cash-flow generation and still-elevated leverage risk, despite improved profitability and some balance-sheet repair. Near-term technical indicators are mildly bearish. The main offset is very attractive valuation (low P/E with a modest dividend yield).
Positive Factors
Sustained Profitability
The return to several years of positive earnings indicates meaningful recovery from the prior loss-making period. If maintained, this improves internal funding capacity and supports the company’s ability to absorb cyclical demand and cost fluctuations.
Negative Factors
Weak Cash Conversion
Repeated negative cash generation means reported profitability has not consistently translated into funds available for debt reduction, reinvestment or shareholders. Persistent working-capital swings could constrain liquidity and make the earnings recovery less durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
The return to several years of positive earnings indicates meaningful recovery from the prior loss-making period. If maintained, this improves internal funding capacity and supports the company’s ability to absorb cyclical demand and cost fluctuations.
Read all positive factors
Mukand Limited (MUKANDLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.53B
Dividend Yield2.15%
Average Volume (3M)11.14K
Price to Earnings (P/E)3.2
Beta (1Y)1.60
Revenue Growth7.62%
EPS Growth684.82%
CountryIN
Employees1,466
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)43.77
Shares Outstanding144,495,560
10 Day Avg. Volume5,612
30 Day Avg. Volume11,138
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.14
Price to Sales (P/S)0.35
P/FCF Ratio-2.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mukand Limited Business Overview & Revenue Model
Company Description
Mukand Limited, established in Mumbai, India, in 1937, operates as a key player in the manufacturing and distribution of alloy and stainless steel products domestically. The company's business activities are structured into distinct segments. Its ...
How the Company Makes Money
Mukand Limited primarily makes money through two operating segments: (1) Specialty Steel and (2) Industrial Machinery/Engineering. In the Specialty Steel segment, revenue is generated from the sale of alloy and special steel products (sold in diff...
Mukand Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.23B | 48.90B | 48.90B | 51.55B | 55.68B | 46.43B |
| Gross Profit | 8.81B | 8.29B | 12.13B | 2.18B | 9.21B | 2.36B |
| EBITDA | 6.42B | 7.25B | 2.84B | 3.08B | 4.08B | 3.48B |
| Net Income | 6.32B | 6.04B | 758.90M | 1.03B | 1.72B | 1.76B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 40.77B | 35.42B | 30.46B | 31.78B | 34.68B |
| Cash, Cash Equivalents and Short-Term Investments | 309.10M | 316.60M | 260.00M | 510.10M | 1.97B | 433.30M |
| Total Debt | 0.00 | 16.97B | 15.59B | 14.89B | 15.05B | 20.26B |
| Total Liabilities | -15.22B | 25.55B | 25.92B | 21.25B | 23.24B | 28.44B |
| Stockholders Equity | 15.22B | 15.22B | 9.50B | 9.21B | 8.54B | 6.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.84B | -6.95B | 540.30M | 123.20M | 449.50M | -2.99B |
| Operating Cash Flow | -1.41B | -5.86B | 1.80B | 649.40M | 1.06B | -1.04B |
| Investing Cash Flow | -260.30M | 4.72B | -1.24B | 990.40M | 6.19B | 2.79B |
| Financing Cash Flow | 1.52B | 1.09B | -857.60M | -1.52B | -7.28B | -1.66B |
Mukand Limited Technical Analysis
Positive
138.60
Price Trends
136.49
Positive
135.78
Positive
131.23
Positive
Market Momentum
0.44
Negative
63.17
Neutral
79.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUKANDLTD, the sentiment is Positive. The current price of 138.6 is above the 20-day moving average (MA) of 136.21, above the 50-day MA of 136.49, and above the 200-day MA of 131.23, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 63.17 is Neutral, neither overbought nor oversold. The STOCH value of 79.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MUKANDLTD.
Mukand Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹96.22B | 13.25 | ― | 1.37% | -12.21% | -16.07% | |
68 Neutral | ₹203.11B | 30.46 | ― | 0.64% | -8.57% | -62.05% | |
65 Neutral | ₹196.82B | 45.52 | ― | 0.36% | -16.30% | -24.14% | |
64 Neutral | ₹628.50B | 19.17 | ― | 0.40% | 9.82% | 26.30% | |
64 Neutral | ₹732.19B | 30.56 | ― | 0.19% | 20.21% | 14.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹20.53B | 3.19 | ― | 2.15% | 7.62% | 684.82% |
* General Sector Average
IN:MUKANDLTD
Mukand Limited
139.55
5.66
4.23%
IN:JINDALSAW
Jindal Saw Limited
311.85
105.75
51.31%
IN:JSL
Jindal Stainless Limited
755.20
18.85
2.56%
IN:MAHSEAMLES
Maharashtra Seamless Limited
729.10
111.65
18.08%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,808.15
441.08
18.63%
IN:WELCORP
Welspun Corp Limited
2,676.25
1,799.51
205.25%
Mukand Limited Corporate Events
Mukand Limited Board Clears Q1 FY2026 Unaudited Results After Independent Review
Aug 12, 2026
Mukand Limited’s board of directors has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at its meeting held on August 12, 2026. The results, prepared under Indian Accounting Standard ...
Mukand Limited Sets August e-AGM, Pushes Shareholders Toward Digital Access
Jul 22, 2026
Mukand Limited has notified shareholders and the stock exchanges that its 88th Annual General Meeting will be held on August 12, 2026 via video conferencing, in line with provisions of the Companies Act and SEBI and MCA e-AGM circulars. The compan...
Mukand Secures SEBI Insider Trading SDD Compliance for June Quarter
Jul 7, 2026
Mukand Limited has reported to the BSE and NSE that it has obtained a Structured Digital Database (SDD) compliance certificate from an independent practicing company secretary for the quarter ended June 30, 2026. The certification confirms that th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.