Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Mukand Ltd

About the Company - Mukand Ltd

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. 4623.19 Cr. and Equity Capital is Rs. 141.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Alloys/SpecialBajaj Bhawan, Jamnalal Bajaj Marg Mumbai Maharashtra 400021investors@mukand.com
http://www.mukand.com
Management
NamePosition Held
Mr. Niraj BajajChairman & Managing Director
Mr. Nirav BajajWhole Time Director
Mr. A M KulkarniNon Executive Director
Mr. Prakash V MehtaIndependent Director
Mr. Amit YadavIndependent Director
Mrs. Bharti R GandhiIndependent Director
Mr. Sankaran RadhakrishnanIndependent Director

Basic Stock Data of Mukand Ltd

Last Updated: July 24, 2024, 10:52 pm

Market Cap 2,435 Cr.
Current Price 169
High / Low213/135
Stock P/E24.0
Book Value 63.8
Dividend Yield1.18 %
ROCE10.8 %
ROE11.5 %
Face Value 10.0
PEG Ratio0.24

Data Source: screener.in

Competitors of Mukand Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Elango Industries Ltd 4.89 Cr. 12.819.6/5.50 10.50.00 %3.45 %3.45 % 10.0
Ashnisha Industries Ltd 59.8 Cr. 5.9225.4/5.7262.3 6.000.00 %1.84 %1.64 % 1.00
Usha Martin Ltd 11,010 Cr. 362428/25326.0 78.10.76 %22.1 %19.2 % 1.00
Shah Alloys Ltd 117 Cr. 59.094.2/46.2 5.690.00 %5.63 %43.9 % 10.0
Mukand Ltd 2,435 Cr. 169213/13524.0 63.81.18 %10.8 %11.5 % 10.0
Industry Average24,372.00 Cr238.3437.3354.860.19%11.06%17.62%4.80

Mukand Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7989247931,1991,3241,3311,4641,4621,3301,3141,3821,3771,177
Expenses7481,3997571,1451,2551,2441,3831,4241,2561,6911,3051,3071,114
Operating Profit50-47637556888823875-377777062
OPM %6%-52%5%5%5%7%6%3%6%-29%6%5%5%
Other Income916378072573227552336
Interest84593938404443465138333334
Depreciation18121111111111121415121212
Profit before tax40906612423931316123342822
Tax %-63%169%-15%-42%17%-37%19%8%-19%-2%9%16%12%
Net Profit65-617618355425219125312319
EPS in Rs4.56-4.345.371.242.483.811.750.171.308.682.141.611.34

Last Updated: July 10, 2024, 7:53 pm

Mukand Ltd Quarterly Chart

Mukand Ltd Profit & Loss

Last Updated: July 10, 2024, 7:53 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,5922,1382,5163,0162,9532,7133,4363,6892,9232,7264,6435,5685,250
Expenses2,4602,0342,3292,6432,5932,3513,2163,5422,8483,2284,4045,7395,417
Operating Profit13110418837336036122014875-502239-172-168
OPM %5%5%7%12%12%13%6%4%3%-18%5%-3%-3%
Other Income10-4816-712451,3317968748119573564
Interest178226254276293294473327364332161177138
Depreciation666568767772158587569455252
Profit before tax-102-234-11813242920-158-296-155151172207
Tax %14%4%28%12%280%127%11%27%19%-32%-17%0%
Net Profit-87-224-8412-6-11821-115-240-204176172199
EPS in Rs-5.94-15.32-5.980.79-0.53-0.8058.06-8.17-16.96-14.4112.4711.8913.77
Dividend Payout %0%0%0%0%0%0%0%0%0%-7%12%17%

Mukand Ltd Profit & Loss Yearly Chart

Mukand Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:7%
3 Years:24%
TTM:-7%
Compounded Profit Growth
10 Years:13%
5 Years:23%
3 Years:28%
TTM:126%
Stock Price CAGR
10 Years:17%
5 Years:42%
3 Years:8%
1 Year:23%
Return on Equity
10 Years:-18%
5 Years:-38%
3 Years:-9%
Last Year:11%

Last Updated: July 25, 2024, 5:49 am

Mukand Ltd Balance Sheet

Last Updated: July 10, 2024, 7:53 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7373147141141141141141141141145145145
Reserves1,9681,7401,7261,7251,714173938774529321522709735
Preference Capital660660434466
Borrowings1,9602,2442,3652,6152,8462,9792,1202,5722,7512,0722,0311,4991,497
Other Liabilities1,0801,1451,3931,3811,3911,1811,2479791,038703827825615
Total Liabilities5,0805,2025,6325,8636,0934,4744,4474,4654,4603,2373,5243,1782,992
Fixed Assets2,3902,4172,5002,4612,429693562505516447484488474
CWIP1051475238313923233026323040
Investments52543938361331,2681,2871,2145281281592
Other Assets2,5322,5843,0403,3263,5973,6092,5942,6502,7002,2362,8802,5012,476
Total Assets5,0805,2025,6325,8636,0934,4744,4474,4654,4603,2373,5243,1782,992

Mukand Ltd Reserves and Borrowings Chart

Mukand Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -46-5919135319894-56150-328-10210665
Cash from Investing Activity -99-9-11-35-36887121,34528061999
Cash from Financing Activity 15277-10-94-283-98740-159-997-166-728-152
Net Cash Flow710-35-0-5-922012-312

Mukand Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days13413512214413731455269393038
Inventory Days354413380417456220227309217184144173
Days Payable25029623023829419613817284645048
Cash Conversion Cycle23725327332329956134189203159125163
Working Capital Days15015418922025297138175197132101123
ROCE %1%4%7%7%8%4%5%2%-18%8%-8%

Mukand Ltd Financial Efficiency Indicators Chart

Mukand Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.35%74.35%74.61%74.72%73.82%73.82%73.82%74.36%74.70%74.70%74.70%74.70%
FIIs0.01%0.04%0.07%0.07%0.03%0.08%0.04%0.14%0.06%0.08%0.32%0.23%
DIIs3.59%3.59%3.59%3.59%3.27%2.18%2.18%2.10%1.52%1.17%1.19%1.56%
Public22.05%22.02%21.73%21.62%22.88%23.92%23.96%23.40%23.72%24.04%23.78%23.50%
No. of Shareholders31,75432,64132,34733,09644,62745,26743,17543,78344,83947,59349,80949,481

Mukand Ltd Shareholding Pattern Chart

No. of Mukand Ltd Shareholders

Mukand Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
JM Aggressive Hybrid Fund124,1261.982.19124,1262024-07-180%
JM Aggressive Hybrid Fund - Dividend124,1261.982.19124,1262024-07-180%

Mukand Ltd ROCE Trend

Mukand Ltd EPS Trend

Mukand Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.1111.8912.55-14.41-16.96
Diluted EPS (Rs.)7.1111.8912.55-14.41-16.96
Cash EPS (Rs.)10.5515.9615.86-5.79-8.11
Book Value[Excl.RevalReserv]/Share (Rs.)63.7459.0844.1532.7147.42
Book Value[Incl.RevalReserv]/Share (Rs.)63.7459.0844.1532.7147.42
Revenue From Operations / Share (Rs.)358.09385.27327.86192.76206.67
PBDIT / Share (Rs.)21.3128.2426.1221.1913.63
PBIT / Share (Rs.)17.8724.6222.9616.348.29
PBT / Share (Rs.)8.7812.3711.60-7.16-17.44
Net Profit / Share (Rs.)7.1112.3412.69-10.63-13.44
NP After MI And SOA / Share (Rs.)7.1111.8912.55-14.41-16.96
PBDIT Margin (%)5.957.337.9610.996.59
PBIT Margin (%)4.996.387.008.474.01
PBT Margin (%)2.453.213.53-3.71-8.44
Net Profit Margin (%)1.983.203.87-5.51-6.50
NP After MI And SOA Margin (%)1.983.083.82-7.47-8.20
Return on Networth / Equity (%)11.1420.1128.41-44.05-35.76
Return on Capital Employeed (%)10.7315.0320.7610.084.51
Return On Assets (%)3.375.405.11-6.29-5.37
Long Term Debt / Equity (X)1.561.691.413.802.82
Total Debt / Equity (X)1.621.763.244.483.99
Asset Turnover Ratio (%)1.661.691.360.680.63
Current Ratio (X)3.723.061.442.711.37
Quick Ratio (X)1.241.160.681.540.63
Inventory Turnover Ratio (X)2.162.772.431.281.19
Dividend Payout Ratio (NP) (%)28.1412.617.960.000.00
Dividend Payout Ratio (CP) (%)18.969.666.360.000.00
Earning Retention Ratio (%)71.8687.3992.040.000.00
Cash Earning Retention Ratio (%)81.0490.3493.640.000.00
Interest Coverage Ratio (X)2.342.312.300.900.52
Interest Coverage Ratio (Post Tax) (X)1.782.012.120.540.54
Enterprise Value (Cr.)3583.983488.143815.983204.392793.01
EV / Net Operating Revenue (X)0.690.620.821.180.95
EV / EBITDA (X)11.648.5510.3310.6914.49
MarketCap / Net Operating Revenue (X)0.410.360.430.430.06
Retention Ratios (%)71.8587.3892.030.000.00
Price / BV (X)2.332.373.192.540.28
Price / Net Operating Revenue (X)0.410.360.430.430.06
EarningsYield0.040.080.08-0.17-1.25

Mukand Ltd Profitability Ratios (%)

Mukand Ltd Liquidity Ratios

Mukand Ltd Liquidity Ratios (%)

Mukand Ltd Interest Coverage Ratios (%)

Mukand Ltd Valuation Ratios

Fair Value

Fair Value: 178.17

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.

Undervalued: 5.42% compared to the current price 169

Intrinsic Value: 355.73

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 110.49% compared to the current price 169

Last 5 Year EPS CAGR: 99.66%

*Investments are subject to market risks

Strength and Weakness of Mukand Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (2.85 cr) and profit (34.15 cr) over the years.
  1. The stock has a low average ROCE of 1.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 160.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 201.17, which may not be favorable.
  4. The company has higher borrowings (2,302.25) compared to reserves (970.67), which may suggest financial risk.

FAQ

What is the latest fair value of Mukand Ltd?

The latest fair value of Mukand Ltd is ₹178.17.

What is the Market Cap of Mukand Ltd?

The Market Cap of Mukand Ltd is 2,435 Cr..

What is the current Stock Price of Mukand Ltd as on 25 July 2024?

The current stock price of Mukand Ltd as on 25 July 2024 is 169.

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

In FY 2024, the High / Low of Mukand Ltd stocks is 213/135.

What is the Stock P/E of Mukand Ltd?

The Stock P/E of Mukand Ltd is 24.0.

What is the Book Value of Mukand Ltd?

The Book Value of Mukand Ltd is 63.8.

What is the Dividend Yield of Mukand Ltd?

The Dividend Yield of Mukand Ltd is 1.18 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mukand Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE