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Mukand Ltd (MUKANDLTD)

₹168.812.25%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹164.81
    ₹170.7
  • 52 Week's Low

    52 Week's High

    ₹125.8
    ₹212.8
1 Month Return-2.05 %
3 Month Return-4.41 %
1 Year Return+ 23.94 %
Previous Close₹165.09
Open₹165.10
Volume1.58L
Upper Circuit-
Lower Circuit-
Market Cap₹2,385.48Cr

Key Statistics

P/E Ratio23.25
PEG Ratio-4.84
Market Cap₹2,385.48 Cr
P/B Ratio2.27
EPS-16.96

Mutual Fund Holdings

Funds HoldingsPrev. 6M
JM Midcap Fund Direct GrowthJM Midcap Fund Direct Growth0.92%

Company Information

Mukand Limited, incorporated in Mumbai in 1937, is a multi-divisional company with steel manufacturing, industrial machinery manufacturing and highway construction divisions. They produce hundreds of grades of steel long products in form of wire rods, bars, wires and bright bars. The Research & Development division was initiated in 1984, and a pilot plant was set up in 1987 for production of stainless steel components. In 1989, Mukand Dravo Wellman Pvt Ltd became a subsidiary. In 1991, the company received an order from SAIL for Oxygen furnace equipment and in 1995 they set up Rolling Mill division and commissioned solution annealing furnace. In 2005, the company was awarded the Total Productive Maintenance Excellence Award by Japan Institute of Plant Maintenance. In 2007, Mukand formed a joint venture with NV Bekaert SA Belgium for producing stainless steel wires, and in 2008 with Vini Iron & Steel Udyog for captive mining of coal block. The company plans to set up a stainless steel wire manufacturing facility in Nashik with a total investment of Rs 3 billion.

Share Price: ₹168.81 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹2,385.48Cr as of today
Revenue: ₹1,239.16Cr as on March 2024 (Q1 24)
Net Profit: ₹29.09Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: Niraj Bajaj
OrganisationMukand Ltd
HeadquartersMumbai
IndustrySteel
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Key events for Mukand Ltd

  • Mukand Ltd's High Leverage and Low Cash Conversion Rate Raise Concerns - 12 Jun, 2024

    Mukand Limited has a net debt of ₹14.4b, which is high relative to its market capitalization of ₹22.5b. Its interest cover of 1.8 times is a sign of high leverage, and its ability to grow its EBIT is a concern. The company's low cash conversion rate raises concerns about its ability to extinguish debt.

  • Mukand Ltd's Net Sales Down 6.6% YoY in March 2024 - 17 May, 2024

    Mukand Ltd reported a decrease of 6.6% YoY in net sales for March 2024, with quarterly net profit down by 77.36%. The company's EPS has also decreased from Rs. 9.30 to Rs. 2.11. Mukand shares closed at 161.35 on May 16, 2024 (NSE), giving -5.17% returns over the last 6 months and 22.19% over the last 12 months.

Insights on Mukand Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 19.36 Cr → 29.09 Cr (in ₹), with an average increase of 33.5% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.46% to 0.57% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.18K Cr → 1.24K Cr (in ₹), with an average increase of 4.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 87.6% return, outperforming this stock by 63.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 136.0% return, outperforming this stock by 114.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.70% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, MUKANDLTD stock has moved down by -8.6%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.24% to 0.20% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 23.50% to 23.34% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹1,239.16Cr
↑5.31%
Net Income
₹29.09Cr
↑50.26%
Net Profit Margin
2.35%
↑42.42%
2024Y/Y Change
Revenue
₹5,174.81Cr
↓7.05%
Net Income
₹102.70Cr
↓40.21%
Net Profit Margin
1.98%
↓35.92%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹3,116.69Cr
↓3.80%
Total Liabilities
₹2,164.74Cr
↓7.99%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹76.61Cr
↓55.93%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.7%
0.00
Foreign Institutions
0.2%
-13.98
Mutual Funds
0.57%
25.97
Retail Investors
23.34%
-0.68
Others
1.17%
6.82

Key Indicators

Mukand Ltd Valuation

Mukand Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-399.62x)

August 16, 2021

Today (23.25x)

July 23, 2024

Industry (28.16x)

July 23, 2024

Highest (31.89x)

March 29, 2022

LowHigh

Earnings and Dividends

  • Mukand Ltd Earnings Results

    Mukand Ltd’s net profit fell -76.8% since last year same period to ₹29.09Cr in the Q4 2023-2024. On a quarterly growth basis, Mukand Ltd has generated 50.26% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Mukand Ltd Dividends May,2024

    In the quarter ending March 2024, Mukand Ltd has declared dividend of ₹2 - translating a dividend yield of 2.42%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Mukand Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Mukand Ltd (MUKANDLTD) share price today is ₹168.81

Mukand Ltd is listed on NSE

Mukand Ltd is listed on BSE

  • Today’s highest price of Mukand Ltd is ₹170.7.
  • Today’s lowest price of Mukand Ltd is ₹164.81.

PE Ratio of Mukand Ltd is 23.25

PE ratio = Mukand Ltd Market price per share / Mukand Ltd Earnings per share

Today’s traded volume of Mukand Ltd(MUKANDLTD) is 1.58L.

Today’s market capitalisation of Mukand Ltd(MUKANDLTD) is ₹2385.48Cr.

Mukand Ltd(MUKANDLTDPrice
52 Week High
₹212.8
52 Week Low
₹125.8

Mukand Ltd(MUKANDLTD) share price is ₹168.81. It is down -20.67% from its 52 Week High price of ₹212.8

Mukand Ltd(MUKANDLTD) share price is ₹168.81. It is up 34.19% from its 52 Week Low price of ₹125.8

Mukand Ltd(MUKANDLTDReturns
1 Day Returns
3.72%
1 Month Returns
-2.05%
3 Month Returns
-4.41%
1 Year Returns
23.94%