Mukand Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 11:19 am

Market Cap	1,468 Cr.
Current Price	102
High / Low	193/86.0
Stock P/E	15.6
Book Value	65.1
Dividend Yield	1.97 %
ROCE	10.8 %
ROE	11.5 %
Face Value	10.0
PEG Ratio	0.18

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Mukand Ltd

Competitors of Mukand Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Elango Industries Ltd	3.90 Cr.	10.2	19.6/9.01		10.1	0.00 %	3.45 %	3.45 %	10.0
Ashnisha Industries Ltd	39.7 Cr.	3.93	7.95/3.25	147	5.91	0.00 %	1.84 %	1.64 %	1.00
Usha Martin Ltd	10,145 Cr.	333	451/273	24.6	84.5	0.83 %	22.1 %	19.2 %	1.00
Shah Alloys Ltd	93.3 Cr.	47.1	113/43.3		1.08	0.00 %	5.46 %	43.8 %	10.0
Mukand Ltd	1,468 Cr.	102	193/86.0	15.6	65.1	1.97 %	10.8 %	11.5 %	10.0
Industry Average	21,845.67 Cr	191.87		52.40	59.12	0.54%	10.98%	16.58%	5.67

All Competitor Stocks of Mukand Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,324	1,331	1,464	1,462	1,330	1,312	1,382	1,377	1,177	1,239	1,258	1,263	1,262
Expenses	1,255	1,244	1,383	1,424	1,256	1,691	1,305	1,307	1,114	1,156	1,187	1,187	1,190
Operating Profit	68	88	82	38	75	-379	77	70	62	83	71	76	72
OPM %	5%	7%	6%	3%	6%	-29%	6%	5%	5%	7%	6%	6%	6%
Other Income	25	7	3	22	7	554	3	3	6	4	4	3	2
Interest	40	44	43	46	51	38	33	33	34	31	32	33	32
Depreciation	11	11	11	12	14	15	12	12	12	12	11	14	13
Profit before tax	42	39	31	3	16	123	34	28	22	43	32	33	29
Tax %	17%	-37%	19%	8%	-19%	-2%	9%	16%	12%	32%	23%	22%	49%
Net Profit	35	54	25	2	19	125	31	23	19	29	24	26	15
EPS in Rs	2.48	3.81	1.75	0.17	1.30	8.68	2.14	1.61	1.34	2.01	1.68	1.78	1.03

Last Updated: February 28, 2025, 6:20 pm

Below is a detailed analysis of the quarterly data for Mukand Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,262.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,263.00 Cr. (Sep 2024) to ₹1,262.00 Cr., marking a decrease of 1.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,190.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,187.00 Cr. (Sep 2024) to ₹1,190.00 Cr., marking an increase of ₹3.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹72.00 Cr.. The value appears to be declining and may need further review. It has decreased from 76.00 Cr. (Sep 2024) to ₹72.00 Cr., marking a decrease of 4.00 Cr..
For OPM %, as of Dec 2024, the value is 6.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 6.00%.
For Other Income, as of Dec 2024, the value is ₹2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3.00 Cr. (Sep 2024) to ₹2.00 Cr., marking a decrease of 1.00 Cr..
For Interest, as of Dec 2024, the value is ₹32.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 33.00 Cr. (Sep 2024) to ₹32.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹13.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 14.00 Cr. (Sep 2024) to ₹13.00 Cr., marking a decrease of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹29.00 Cr.. The value appears to be declining and may need further review. It has decreased from 33.00 Cr. (Sep 2024) to ₹29.00 Cr., marking a decrease of 4.00 Cr..
For Tax %, as of Dec 2024, the value is 49.00%. The value appears to be increasing, which may not be favorable. It has increased from 22.00% (Sep 2024) to 49.00%, marking an increase of 27.00%.
For Net Profit, as of Dec 2024, the value is ₹15.00 Cr.. The value appears to be declining and may need further review. It has decreased from 26.00 Cr. (Sep 2024) to ₹15.00 Cr., marking a decrease of 11.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.03. The value appears to be declining and may need further review. It has decreased from ₹1.78 (Sep 2024) to 1.03, marking a decrease of ₹0.75.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 7:27 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	2,138	2,516	3,016	2,953	2,713	3,436	3,689	2,923	2,726	4,643	5,568	5,175	5,022
Expenses	2,034	2,329	2,643	2,593	2,351	3,216	3,542	2,848	3,228	4,404	5,739	4,882	4,720
Operating Profit	104	188	373	360	361	220	148	75	-502	239	-172	293	302
OPM %	5%	7%	12%	12%	13%	6%	4%	3%	-18%	5%	-3%	6%	6%
Other Income	-48	16	-7	12	45	1,331	79	68	748	119	573	15	13
Interest	226	254	276	293	294	473	327	364	332	161	177	131	128
Depreciation	65	68	76	77	72	158	58	75	69	45	52	50	50
Profit before tax	-234	-118	13	2	42	920	-158	-296	-155	151	172	127	137
Tax %	-4%	-28%	12%	280%	127%	11%	-27%	-19%	32%	-17%	0%	19%
Net Profit	-224	-84	12	-6	-11	821	-115	-240	-204	176	172	103	94
EPS in Rs	-15.32	-5.98	0.79	-0.53	-0.80	58.06	-8.17	-16.96	-14.41	12.47	11.89	7.11	6.50
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	-7%	12%	17%	28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	62.50%	114.29%	-150.00%	-83.33%	7563.64%	-114.01%	-108.70%	15.00%	186.27%	-2.27%	-40.12%
Change in YoY Net Profit Growth (%)	0.00%	51.79%	-264.29%	66.67%	7646.97%	-7677.64%	5.31%	123.70%	171.27%	-188.55%	-37.84%

Mukand Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	7%
3 Years:	24%
TTM:	-4%

Compounded Profit Growth
10 Years:	13%
5 Years:	23%
3 Years:	28%
TTM:	-53%

Stock Price CAGR
10 Years:	6%
5 Years:	39%
3 Years:	-12%
1 Year:	-39%

Return on Equity
10 Years:	-18%
5 Years:	-38%
3 Years:	-9%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:30 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	73	147	141	141	141	141	141	141	141	145	145	145	145
Reserves	1,740	1,726	1,725	1,714	173	938	774	529	321	522	709	777	796
Borrowings	2,250	2,365	2,621	2,852	2,979	2,124	2,575	2,755	2,076	2,036	1,505	1,489	1,480
Other Liabilities	1,139	1,393	1,376	1,386	1,181	1,243	975	1,034	699	822	819	636	792
Total Liabilities	5,202	5,632	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,046	3,212
Fixed Assets	2,417	2,500	2,461	2,429	693	562	505	516	447	484	488	482	469
CWIP	147	52	38	31	39	23	23	30	26	32	30	34	69
Investments	54	39	38	36	133	1,268	1,287	1,214	528	128	159	10	28
Other Assets	2,584	3,040	3,326	3,597	3,609	2,594	2,650	2,700	2,236	2,880	2,501	2,520	2,646
Total Assets	5,202	5,632	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,046	3,212

Below is a detailed analysis of the balance sheet data for Mukand Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹145.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹145.00 Cr..
For Reserves, as of Sep 2024, the value is ₹796.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹777.00 Cr. (Mar 2024) to ₹796.00 Cr., marking an increase of 19.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1,480.00 Cr.. The value appears to be improving (decreasing). However, Borrowings exceed Reserves, which may signal higher financial risk. It has decreased from ₹1,489.00 Cr. (Mar 2024) to ₹1,480.00 Cr., marking a decrease of 9.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹792.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹636.00 Cr. (Mar 2024) to ₹792.00 Cr., marking an increase of 156.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,212.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹3,046.00 Cr. (Mar 2024) to ₹3,212.00 Cr., marking an increase of 166.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹469.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹482.00 Cr. (Mar 2024) to ₹469.00 Cr., marking a decrease of 13.00 Cr..
For CWIP, as of Sep 2024, the value is ₹69.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹34.00 Cr. (Mar 2024) to ₹69.00 Cr., marking an increase of 35.00 Cr..
For Investments, as of Sep 2024, the value is ₹28.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹10.00 Cr. (Mar 2024) to ₹28.00 Cr., marking an increase of 18.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,646.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,520.00 Cr. (Mar 2024) to ₹2,646.00 Cr., marking an increase of 126.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,212.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,046.00 Cr. (Mar 2024) to ₹3,212.00 Cr., marking an increase of 166.00 Cr..

However, the Borrowings (1,480.00 Cr.) are higher than the Reserves (₹796.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-46	-59	19	135	319	894	-56	150	-328	-102	106	65
Cash from Investing Activity +	-99	-9	-11	-35	-36	88	7	12	1,345	280	619	99
Cash from Financing Activity +	152	77	-10	-94	-283	-987	40	-159	-997	-166	-728	-152
Net Cash Flow	7	10	-3	5	-0	-5	-9	2	20	12	-3	12

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	102.00	186.00	371.00	358.00	359.00	218.00	146.00	73.00	-504.00	237.00	-173.00	292.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	134	135	122	144	137	31	45	52	69	39	30	38
Inventory Days	354	413	380	417	456	220	227	309	217	184	144	173
Days Payable	250	296	230	238	294	196	138	172	84	64	50	48
Cash Conversion Cycle	237	253	273	323	299	56	134	189	203	159	125	163
Working Capital Days	150	154	189	220	252	97	138	175	197	132	101	123
ROCE %	1%	4%	7%	7%	8%	4%	5%	2%	-18%	8%	-8%	11%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.72%	73.82%	73.82%	73.82%	74.36%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%
FIIs	0.07%	0.03%	0.08%	0.04%	0.14%	0.06%	0.08%	0.32%	0.23%	0.20%	0.22%	0.20%
DIIs	3.59%	3.27%	2.18%	2.18%	2.10%	1.52%	1.17%	1.19%	1.56%	1.74%	1.10%	1.10%
Public	21.62%	22.88%	23.92%	23.96%	23.40%	23.72%	24.04%	23.78%	23.50%	23.35%	23.97%	24.00%
No. of Shareholders	33,096	44,627	45,267	43,175	43,783	44,839	47,593	49,809	49,481	49,355	52,366	52,088

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
JM Aggressive Hybrid Fund	124,126	1.98	2.19	124,126	2025-03-09	0%
JM Aggressive Hybrid Fund - Dividend	124,126	1.98	2.19	124,126	2025-03-09	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	7.11	11.89	12.55	-14.41	-16.96
Diluted EPS (Rs.)	7.11	11.89	12.55	-14.41	-16.96
Cash EPS (Rs.)	10.55	15.96	15.86	-5.79	-8.11
Book Value[Excl.RevalReserv]/Share (Rs.)	63.74	59.08	44.15	32.71	47.42
Book Value[Incl.RevalReserv]/Share (Rs.)	63.74	59.08	44.15	32.71	47.42
Revenue From Operations / Share (Rs.)	358.09	385.27	327.86	192.76	206.67
PBDIT / Share (Rs.)	21.31	28.24	26.12	21.19	13.63
PBIT / Share (Rs.)	17.87	24.62	22.96	16.34	8.29
PBT / Share (Rs.)	8.78	12.37	11.60	-7.16	-17.44
Net Profit / Share (Rs.)	7.11	12.34	12.69	-10.63	-13.44
NP After MI And SOA / Share (Rs.)	7.11	11.89	12.55	-14.41	-16.96
PBDIT Margin (%)	5.95	7.33	7.96	10.99	6.59
PBIT Margin (%)	4.99	6.38	7.00	8.47	4.01
PBT Margin (%)	2.45	3.21	3.53	-3.71	-8.44
Net Profit Margin (%)	1.98	3.20	3.87	-5.51	-6.50
NP After MI And SOA Margin (%)	1.98	3.08	3.82	-7.47	-8.20
Return on Networth / Equity (%)	11.14	20.11	28.41	-44.05	-35.76
Return on Capital Employeed (%)	10.73	15.03	20.76	10.08	4.51
Return On Assets (%)	3.37	5.40	5.11	-6.29	-5.37
Long Term Debt / Equity (X)	1.56	1.69	1.41	3.80	2.82
Total Debt / Equity (X)	1.62	1.76	3.24	4.48	3.99
Asset Turnover Ratio (%)	1.66	1.69	1.36	0.68	0.63
Current Ratio (X)	3.72	3.06	1.44	2.71	1.37
Quick Ratio (X)	1.24	1.16	0.68	1.54	0.63
Inventory Turnover Ratio (X)	2.16	2.77	2.43	1.28	1.19
Dividend Payout Ratio (NP) (%)	28.14	12.61	7.96	0.00	0.00
Dividend Payout Ratio (CP) (%)	18.96	9.66	6.36	0.00	0.00
Earning Retention Ratio (%)	71.86	87.39	92.04	0.00	0.00
Cash Earning Retention Ratio (%)	81.04	90.34	93.64	0.00	0.00
Interest Coverage Ratio (X)	2.34	2.31	2.30	0.90	0.52
Interest Coverage Ratio (Post Tax) (X)	1.78	2.01	2.12	0.54	0.54
Enterprise Value (Cr.)	3583.98	3488.14	3815.98	3204.39	2793.01
EV / Net Operating Revenue (X)	0.69	0.62	0.82	1.18	0.95
EV / EBITDA (X)	11.64	8.55	10.33	10.69	14.49
MarketCap / Net Operating Revenue (X)	0.41	0.36	0.43	0.43	0.06
Retention Ratios (%)	71.85	87.38	92.03	0.00	0.00
Price / BV (X)	2.33	2.37	3.19	2.54	0.28
Price / Net Operating Revenue (X)	0.41	0.36	0.43	0.43	0.06
EarningsYield	0.04	0.08	0.08	-0.17	-1.25

After reviewing the key financial ratios for Mukand Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 7.11. This value is within the healthy range. It has decreased from 11.89 (Mar 23) to 7.11, marking a decrease of 4.78.
For Diluted EPS (Rs.), as of Mar 24, the value is 7.11. This value is within the healthy range. It has decreased from 11.89 (Mar 23) to 7.11, marking a decrease of 4.78.
For Cash EPS (Rs.), as of Mar 24, the value is 10.55. This value is within the healthy range. It has decreased from 15.96 (Mar 23) to 10.55, marking a decrease of 5.41.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 63.74. It has increased from 59.08 (Mar 23) to 63.74, marking an increase of 4.66.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 63.74. It has increased from 59.08 (Mar 23) to 63.74, marking an increase of 4.66.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 358.09. It has decreased from 385.27 (Mar 23) to 358.09, marking a decrease of 27.18.
For PBDIT / Share (Rs.), as of Mar 24, the value is 21.31. This value is within the healthy range. It has decreased from 28.24 (Mar 23) to 21.31, marking a decrease of 6.93.
For PBIT / Share (Rs.), as of Mar 24, the value is 17.87. This value is within the healthy range. It has decreased from 24.62 (Mar 23) to 17.87, marking a decrease of 6.75.
For PBT / Share (Rs.), as of Mar 24, the value is 8.78. This value is within the healthy range. It has decreased from 12.37 (Mar 23) to 8.78, marking a decrease of 3.59.
For Net Profit / Share (Rs.), as of Mar 24, the value is 7.11. This value is within the healthy range. It has decreased from 12.34 (Mar 23) to 7.11, marking a decrease of 5.23.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 7.11. This value is within the healthy range. It has decreased from 11.89 (Mar 23) to 7.11, marking a decrease of 4.78.
For PBDIT Margin (%), as of Mar 24, the value is 5.95. This value is below the healthy minimum of 10. It has decreased from 7.33 (Mar 23) to 5.95, marking a decrease of 1.38.
For PBIT Margin (%), as of Mar 24, the value is 4.99. This value is below the healthy minimum of 10. It has decreased from 6.38 (Mar 23) to 4.99, marking a decrease of 1.39.
For PBT Margin (%), as of Mar 24, the value is 2.45. This value is below the healthy minimum of 10. It has decreased from 3.21 (Mar 23) to 2.45, marking a decrease of 0.76.
For Net Profit Margin (%), as of Mar 24, the value is 1.98. This value is below the healthy minimum of 5. It has decreased from 3.20 (Mar 23) to 1.98, marking a decrease of 1.22.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 1.98. This value is below the healthy minimum of 8. It has decreased from 3.08 (Mar 23) to 1.98, marking a decrease of 1.10.
For Return on Networth / Equity (%), as of Mar 24, the value is 11.14. This value is below the healthy minimum of 15. It has decreased from 20.11 (Mar 23) to 11.14, marking a decrease of 8.97.
For Return on Capital Employeed (%), as of Mar 24, the value is 10.73. This value is within the healthy range. It has decreased from 15.03 (Mar 23) to 10.73, marking a decrease of 4.30.
For Return On Assets (%), as of Mar 24, the value is 3.37. This value is below the healthy minimum of 5. It has decreased from 5.40 (Mar 23) to 3.37, marking a decrease of 2.03.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.56. This value exceeds the healthy maximum of 1. It has decreased from 1.69 (Mar 23) to 1.56, marking a decrease of 0.13.
For Total Debt / Equity (X), as of Mar 24, the value is 1.62. This value exceeds the healthy maximum of 1. It has decreased from 1.76 (Mar 23) to 1.62, marking a decrease of 0.14.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.66. It has decreased from 1.69 (Mar 23) to 1.66, marking a decrease of 0.03.
For Current Ratio (X), as of Mar 24, the value is 3.72. This value exceeds the healthy maximum of 3. It has increased from 3.06 (Mar 23) to 3.72, marking an increase of 0.66.
For Quick Ratio (X), as of Mar 24, the value is 1.24. This value is within the healthy range. It has increased from 1.16 (Mar 23) to 1.24, marking an increase of 0.08.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.16. This value is below the healthy minimum of 4. It has decreased from 2.77 (Mar 23) to 2.16, marking a decrease of 0.61.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 28.14. This value is within the healthy range. It has increased from 12.61 (Mar 23) to 28.14, marking an increase of 15.53.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 18.96. This value is below the healthy minimum of 20. It has increased from 9.66 (Mar 23) to 18.96, marking an increase of 9.30.
For Earning Retention Ratio (%), as of Mar 24, the value is 71.86. This value exceeds the healthy maximum of 70. It has decreased from 87.39 (Mar 23) to 71.86, marking a decrease of 15.53.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 81.04. This value exceeds the healthy maximum of 70. It has decreased from 90.34 (Mar 23) to 81.04, marking a decrease of 9.30.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.34. This value is below the healthy minimum of 3. It has increased from 2.31 (Mar 23) to 2.34, marking an increase of 0.03.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.78. This value is below the healthy minimum of 3. It has decreased from 2.01 (Mar 23) to 1.78, marking a decrease of 0.23.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,583.98. It has increased from 3,488.14 (Mar 23) to 3,583.98, marking an increase of 95.84.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.69. This value is below the healthy minimum of 1. It has increased from 0.62 (Mar 23) to 0.69, marking an increase of 0.07.
For EV / EBITDA (X), as of Mar 24, the value is 11.64. This value is within the healthy range. It has increased from 8.55 (Mar 23) to 11.64, marking an increase of 3.09.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.41. This value is below the healthy minimum of 1. It has increased from 0.36 (Mar 23) to 0.41, marking an increase of 0.05.
For Retention Ratios (%), as of Mar 24, the value is 71.85. This value exceeds the healthy maximum of 70. It has decreased from 87.38 (Mar 23) to 71.85, marking a decrease of 15.53.
For Price / BV (X), as of Mar 24, the value is 2.33. This value is within the healthy range. It has decreased from 2.37 (Mar 23) to 2.33, marking a decrease of 0.04.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.41. This value is below the healthy minimum of 1. It has increased from 0.36 (Mar 23) to 0.41, marking an increase of 0.05.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 23) to 0.04, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mukand Ltd as of March 11, 2025 is: ₹95.27

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 11, 2025, Mukand Ltd is Overvalued by 6.60% compared to the current share price 102.00

Intrinsic Value of Mukand Ltd as of March 11, 2025 is: 176.64

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 11, 2025, Mukand Ltd is Undervalued by 73.18% compared to the current share price 102.00

Last 5 Year EPS CAGR: 85.41%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (3.08 cr) and profit (46.38 cr) over the years.	The stock has a low average ROCE of 2.58%, which may not be favorable. The stock has a high average Working Capital Days of 160.67, which may not be favorable. The stock has a high average Cash Conversion Cycle of 201.17, which may not be favorable. The company has higher borrowings (2,239.00) compared to reserves (957.23), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mukand Ltd:
1. Net Profit Margin: 1.98%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.73% (Industry Average ROCE: 10.98%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.14% (Industry Average ROE: 16.58%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.78
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.24
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 15.6 (Industry average Stock P/E: 52.4)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.62
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Mukand Ltd. is a Public Limited Listed company incorporated on 29/11/1937 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1937PLC002726 and registration number is 002726. Currently Company is involved in the business activities of Manufacture of other lifting and handling equipment and parts thereof. Company's Total Operating Revenue is Rs. 5217.53 Cr. and Equity Capital is Rs. 144.51 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Steel - Alloys/Special	Bajaj Bhawan, Jamnalal Bajaj Marg Mumbai Maharashtra 400021	investors@mukand.com http://www.mukand.com

Management
Name	Position Held
Mr. Niraj Bajaj	Chairman & Managing Director
Mr. Nirav Bajaj	Whole Time Director
Mr. A M Kulkarni	Non Executive Director
Mr. Prakash V Mehta	Independent Director
Mr. Amit Yadav	Independent Director
Mrs. Bharti R Gandhi	Independent Director
Mr. Sankaran Radhakrishnan	Independent Director

FAQ

What is the latest intrinsic value of Mukand Ltd?

The latest intrinsic value of Mukand Ltd as on 11 March 2025 is ₹95.27, which is 6.60% lower than the current market price of 102.00, indicating the stock is overvalued by 6.60%. The intrinsic value of Mukand Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹1,468 Cr. and recorded a high/low of ₹193/86.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹796 Cr and total liabilities of ₹3,212 Cr.

What is the Market Cap of Mukand Ltd?

The Market Cap of Mukand Ltd is 1,468 Cr..

What is the current Stock Price of Mukand Ltd as on 11 March 2025?

The current stock price of Mukand Ltd as on 11 March 2025 is ₹102.

What is the High / Low of Mukand Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mukand Ltd stocks is ₹193/86.0.

What is the Stock P/E of Mukand Ltd?

The Stock P/E of Mukand Ltd is 15.6.

What is the Book Value of Mukand Ltd?

The Book Value of Mukand Ltd is 65.1.

What is the Dividend Yield of Mukand Ltd?

The Dividend Yield of Mukand Ltd is 1.97 %.

What is the ROCE of Mukand Ltd?

The ROCE of Mukand Ltd is 10.8 %.

What is the ROE of Mukand Ltd?

The ROE of Mukand Ltd is 11.5 %.

What is the Face Value of Mukand Ltd?

The Face Value of Mukand Ltd is 10.0.