Mukand Limited (IN:MUKANDLTD)
:MUKANDLTD
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Mukand Limited
(MUKANDLTD)
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Rating:48Neutral
Price Target:
₹125.00
▼(-9.81% Downside)
Action:ReiteratedDate:03/18/26
Overall score reflects mixed financial performance with high leverage and revenue volatility as key risks, a neutral-to-weak technical backdrop (negative MACD and below longer-term moving averages), and a demanding valuation (high P/E) only partially offset by a modest dividend yield.
Positive Factors
Margin Improvement
Material margin improvement in 2025 reflects better cost control, pricing or a tilt to higher‑value alloy/specialty products. Sustained higher gross and EBIT margins can enhance resilience through steel cycles and support reinvestment and debt servicing over the medium term.
Negative Factors
High Leverage
Elevated debt-to-equity increases interest and refinancing risk, limiting strategic flexibility. In a cyclical capital‑intensive industry, high leverage raises vulnerability to demand downturns and constrains ability to invest in capacity or absorb raw‑material cost swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Improvement
Material margin improvement in 2025 reflects better cost control, pricing or a tilt to higher‑value alloy/specialty products. Sustained higher gross and EBIT margins can enhance resilience through steel cycles and support reinvestment and debt servicing over the medium term.
Read all positive factors
Mukand Limited (MUKANDLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.69B
Dividend Yield1.5%
Average Volume (3M)19.08K
Price to Earnings (P/E)47.9
Beta (1Y)1.66
Revenue Growth-5.63%
EPS Growth-34.36%
CountryIN
Employees1,466
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.71
Shares Outstanding144,495,560
10 Day Avg. Volume14,554
30 Day Avg. Volume19,080
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)1.45
Price to Sales (P/S)0.28
P/FCF Ratio25.41
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 engages in the manufacture and sale of alloy and stainless-steel products in India. It operates through Steel, Industrial Machinery and Engineering Contracts, and Others segments. The Steel segment offers billets, blooms, rounds, wi...
How the Company Makes Money
Mukand Limited makes money primarily by manufacturing and selling steel products and by executing engineering and machinery-related orders. Its main revenue stream comes from the sale of specialty/long steel products (e.g., billets, bars and relat...
Mukand Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.58B | 48.90B | 51.55B | 55.68B | 46.43B | 26.94B |
| Gross Profit | 11.70B | 12.13B | 2.18B | 9.21B | 2.36B | 418.90M |
| EBITDA | 2.96B | 2.84B | 3.08B | 4.08B | 3.48B | 3.00B |
| Net Income | 646.90M | 758.90M | 1.03B | 1.72B | 1.76B | -2.04B |
Balance Sheet | ||||||
| Total Assets | 37.76B | 35.42B | 30.46B | 31.78B | 34.68B | 32.37B |
| Cash, Cash Equivalents and Short-Term Investments | 631.50M | 260.00M | 510.10M | 1.97B | 433.30M | 4.52B |
| Total Debt | 18.11B | 15.59B | 14.89B | 15.05B | 20.26B | 20.72B |
| Total Liabilities | 28.18B | 25.92B | 21.25B | 23.24B | 28.44B | 27.75B |
| Stockholders Equity | 9.57B | 9.50B | 9.21B | 8.54B | 6.66B | 4.63B |
Cash Flow | ||||||
| Free Cash Flow | -1.84B | 540.30M | 123.20M | 449.50M | -2.99B | -3.35B |
| Operating Cash Flow | -1.41B | 1.80B | 649.40M | 1.06B | -1.04B | -3.28B |
| Investing Cash Flow | -260.30M | -1.24B | 990.40M | 6.19B | 2.79B | 13.45B |
| Financing Cash Flow | 1.52B | -857.60M | -1.52B | -7.28B | -1.66B | -9.97B |
Mukand Limited Technical Analysis
Negative
138.60
Price Trends
126.02
Negative
129.65
Negative
132.12
Negative
Market Momentum
-1.65
Negative
48.16
Neutral
46.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUKANDLTD, the sentiment is Negative. The current price of 138.6 is above the 20-day moving average (MA) of 122.30, above the 50-day MA of 126.02, and above the 200-day MA of 132.12, indicating a neutral trend. The MACD of -1.65 indicates Negative momentum. The RSI at 48.16 is Neutral, neither overbought nor oversold. The STOCH value of 46.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MUKANDLTD.
Mukand Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹21.88B | 20.43 | ― | 1.03% | -1.47% | -15.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹9.04B | 36.69 | ― | 2.08% | 4.65% | -127.24% | |
51 Neutral | ₹17.76B | 96.37 | ― | ― | -3.14% | -466.99% | |
48 Neutral | ₹17.69B | 47.87 | ― | 1.50% | -5.63% | -34.36% | |
44 Neutral | ₹12.96B | -3.63 | ― | ― | 32.54% | 19.65% |
* Basic Materials Sector Average
IN:MUKANDLTD
Mukand Limited
122.45
32.70
36.43%
IN:MSPL
MSP Steel & Power Limited
31.33
4.34
16.08%
IN:SANGHIIND
Sanghi Industries Limited
50.15
-8.33
-14.24%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
130.55
12.37
10.47%
IN:VSSL
Vardhman Special Steels Limited
226.25
35.26
18.46%
Mukand Limited Corporate Events
Mukand shareholders clear leadership terms and related-party deals via postal ballot
Mar 23, 2026
Shareholders of Mukand Limited have approved several key resolutions via postal ballot, including the re-appointment of Shri Niraj Bajaj as Chairman and Managing Director and the ratification of his remuneration package. They also endorsed the re-...
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.