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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

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. A M KulkarniNon Executive Director
Mr. Prakash V MehtaIndependent Director
Mr. Amit YadavIndependent Director
Mrs. Bharti R GandhiIndependent Director
Mr. Sankaran RadhakrishnanIndependent Director
Mr. Nirav BajajWhole Time Director

Mukand Ltd. Share Price Update

Share PriceValue
Today₹168.90
Previous Day₹176.30

Basic Stock Data of Mukand Ltd

Market Cap 2,475 Cr.
Current Price 171
High / Low213/115
Stock P/E12.4
Book Value 60.8
Dividend Yield1.14 %
ROCE8.29 %
ROE50.9 %
Face Value 10.0

Data Source: screener.in

Competitors of Mukand Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Usha Martin Ltd 10,029 Cr. 329380/17123.7 70.60.70 %21.2 %18.8 % 1.00
Shah Alloys Ltd 141 Cr. 71.094.2/38.8 16.10.00 %1.53 %10.1 % 10.0
Mishra Dhatu Nigam Ltd 7,626 Cr. 407548/17268.7 70.40.80 %14.6 %12.6 % 10.0
Industry Average52.67 Cr26930.852.370.5%12.44%13.83%7

Mukand Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6937989247931,1991,3241,3311,4641,4621,3361,3141,3821,377
Expenses7057481,3997571,1451,2551,2441,3831,4241,2561,6911,3051,307
Operating Profit-1250-47637556888823880-3777770
OPM %-2%6%-52%5%5%5%7%6%3%6%-29%6%5%
Other Income1091637807257322155233
Interest94845939384044434651383333
Depreciation19181211111111111214151212
Profit before tax-115409066124239313161233428
Tax %28%-63%169%-15%-42%17%-37%19%8%-19%-2%9%16%
Net Profit-8365-6176183554252191253123
EPS in Rs-5.874.56-4.345.371.242.483.811.750.171.308.682.141.61

Mukand Ltd Quarterly Chart

Mukand Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,5922,1382,5163,0162,9532,7133,4363,6892,9232,7264,6435,5685,409
Expenses2,4602,0342,3292,6432,5932,3513,2163,5422,8483,2284,4045,7395,559
Operating Profit13110418837336036122014875-502239-172-149
OPM %5%5%7%12%12%13%6%4%3%-18%5%-3%-3%
Other Income10-4816-712451,3317968748119573559
Interest178226254276293294473327364332161177155
Depreciation666568767772158587569455254
Profit before tax-102-234-11813242920-158-296-155151172200
Tax %14%4%28%12%280%127%11%27%19%-32%-17%0%
Net Profit-87-224-8412-6-11821-115-240-204176172198
EPS in Rs-5.94-15.32-5.980.79-0.53-0.8058.06-8.17-16.96-14.4112.4711.8913.73
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:10%
5 Years:10%
3 Years:24%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:-2%
3 Years:-22%
TTM:70%
Stock Price CAGR
10 Years:25%
5 Years:32%
3 Years:44%
1 Year:57%
Return on Equity
10 Years:-18%
5 Years:-43%
3 Years:-63%
Last Year:-51%

Mukand Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 101-46-5919135319894-56150-328-102106
Cash from Investing Activity -105-99-9-11-35-36887121,345280619
Cash from Financing Activity -2515277-10-94-283-98740-159-997-166-728
Net Cash Flow-28710-35-0-5-922012-3

Mukand Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days123134135122144137314552693930
Inventory Days272354413380417456220227309217184144
Days Payable200250296230238294196138172846450
Cash Conversion Cycle19523725327332329956134189203159125
Working Capital Days13515015418922025297138175197132101
ROCE %2%1%4%7%7%8%4%5%2%-18%8%-8%

Mukand Ltd Financial Efficiency Indicators Chart

Mukand Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.35%74.35%74.35%74.61%74.72%73.82%73.82%73.82%74.36%74.70%74.70%74.70%
FIIs0.00%0.01%0.04%0.07%0.07%0.03%0.08%0.04%0.14%0.06%0.08%0.32%
DIIs3.59%3.59%3.59%3.59%3.59%3.27%2.18%2.18%2.10%1.52%1.17%1.19%
Public22.06%22.05%22.02%21.73%21.62%22.88%23.92%23.96%23.40%23.72%24.04%23.78%
No. of Shareholders33,58031,75432,64132,34733,09644,62745,26743,17543,78344,83947,59349,809

Mukand Ltd Shareholding Pattern Chart

No. of Mukand Ltd Shareholders

Mukand Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
JM Aggressive Hybrid Fund1241261.982.19
JM Aggressive Hybrid Fund - Dividend1241261.982.19

Mukand Ltd ROCE Trend

Mukand Ltd EPS Trend

Mukand Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.8912.55-14.41-16.96-8.17
Diluted EPS (Rs.)11.8912.55-14.41-16.96-8.17
Cash EPS (Rs.)15.9615.86-5.79-8.11-5.38
Book Value[Excl.RevalReserv]/Share (Rs.)59.0844.1532.7147.4264.70
Book Value[Incl.RevalReserv]/Share (Rs.)59.0844.1532.7147.4264.70
Revenue From Operations / Share (Rs.)385.27327.86192.76206.67260.89
PBDIT / Share (Rs.)28.2426.1221.1913.6314.68
PBIT / Share (Rs.)24.6222.9616.348.2910.56
PBT / Share (Rs.)12.3711.60-7.16-17.44-12.53
Net Profit / Share (Rs.)12.3412.69-10.63-13.44-9.50
NP After MI And SOA / Share (Rs.)11.8912.55-14.41-16.96-8.16
PBDIT Margin (%)7.337.9610.996.595.62
PBIT Margin (%)6.387.008.474.014.04
PBT Margin (%)3.213.53-3.71-8.44-4.80
Net Profit Margin (%)3.203.87-5.51-6.50-3.64
NP After MI And SOA Margin (%)3.083.82-7.47-8.20-3.12
Return on Networth / Equity (%)20.1128.41-44.05-35.76-12.62
Return on Capital Employeed (%)15.0320.7610.084.515.81
Return On Assets (%)5.405.11-6.29-5.37-2.58
Long Term Debt / Equity (X)1.691.413.802.821.71
Total Debt / Equity (X)1.763.244.483.992.65
Asset Turnover Ratio (%)1.691.360.680.630.81
Current Ratio (X)3.061.442.711.371.32
Quick Ratio (X)1.160.681.540.630.65
Inventory Turnover Ratio (X)2.772.431.281.191.66
Dividend Payout Ratio (NP) (%)12.617.960.000.000.00
Dividend Payout Ratio (CP) (%)9.666.360.000.000.00
Earning Retention Ratio (%)87.3992.040.000.000.00
Cash Earning Retention Ratio (%)90.3493.640.000.000.00
Interest Coverage Ratio (X)2.312.300.900.520.63
Interest Coverage Ratio (Post Tax) (X)2.012.120.540.540.58
Enterprise Value (Cr.)3488.143815.983204.392793.013131.99
EV / Net Operating Revenue (X)0.620.821.180.950.84
EV / EBITDA (X)8.5510.3310.6914.4915.08
MarketCap / Net Operating Revenue (X)0.360.430.430.060.20
Retention Ratios (%)87.3892.030.000.000.00
Price / BV (X)2.373.192.540.280.84
Price / Net Operating Revenue (X)0.360.430.430.060.20
EarningsYield0.080.08-0.17-1.25-0.14

Mukand Ltd Profitability Ratios (%)

Mukand Ltd Liquidity Ratios

Mukand Ltd Liquidity Ratios (%)

Mukand Ltd Interest Coverage Ratios (%)

Mukand Ltd Valuation Ratios

Fair Value of Mukand Ltd Stock

Fair Value: ₹388.12

The stock is undervalued by 126.97% compared to the current price ₹171

*Investments are subject to market risks

Strength and Weakness of Mukand Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,044.15 cr) compared to borrowings (3.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.85 cr) and profit (33.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 16.55 and average Dividend Yield of 5.98%.
  2. The stock has a low average ROCE of 1.83%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 161.67, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 203.83, which may not be favorable.

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