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Last Updated: April 2, 2026, 4:51 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523832 | NSE: MUKATPIP

Mukat Pipes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.40Overvalued by 19.72%vs CMP ₹14.20

P/E (15.0) × ROE (15.0%) × BV (₹6.21) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹7.95Overvalued by 44.01%vs CMP ₹14.20
MoS: -78.6% (Negative)Confidence: 50/100 (Moderate)Models: All 2: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.7763%Over (-24.2%)
Revenue MultipleRevenue₹3.2538%Over (-77.1%)
Consensus (2 models)₹7.95100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -5.5% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

42
Mukat Pipes Ltd scores 42/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health30/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E -0.52 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 73.7% Stable
Earnings Quality75/100 · Strong
OPM expanding (-6% → -4%) ImprovingWorking capital: -88 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -22% YoY DecliningProfit (4Q): -485% YoY DecliningOPM: -3.3% (down 4.2% YoY) Margin pressure
Industry Rank40/100 · Moderate
3Y sales CAGR: -14% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:51 am

Market Cap 16.8 Cr.
Current Price 14.2
Intrinsic Value₹7.95
High / Low 33.6/11.8
Stock P/E
Book Value 6.21
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 5.00
PEG Ratio0.00

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

View Share Price Target for Mukat Pipes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mukat Pipes Ltd 16.8 Cr. 14.2 33.6/11.8 6.210.00 %%% 5.00
Hariom Pipe Industries Ltd 942 Cr. 304 572/27315.0 1950.20 %14.1 %11.9 % 10.0
Earthstahl & Alloys Ltd 22.6 Cr. 18.4 32.0/13.9 28.00.00 %3.58 %1.43 % 10.0
Crimson Metal Engineering Company Ltd 22.5 Cr. 50.8 61.4/10.8205 12.80.00 %8.11 %2.35 % 10.0
Welspun Corp Ltd 21,837 Cr. 828 995/66414.1 3110.60 %21.2 %18.6 % 5.00
Industry Average9,873.50 Cr511.9240.74163.020.44%15.34%11.65%4.69

All Competitor Stocks of Mukat Pipes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.561.501.301.221.722.061.050.701.160.940.940.511.50
Expenses 0.471.441.191.241.682.131.130.691.151.241.000.891.55
Operating Profit 0.090.060.11-0.020.04-0.07-0.080.010.01-0.30-0.06-0.38-0.05
OPM % 16.07%4.00%8.46%-1.64%2.33%-3.40%-7.62%1.43%0.86%-31.91%-6.38%-74.51%-3.33%
Other Income 0.100.120.110.120.110.180.120.110.130.120.110.110.23
Interest 0.040.040.040.040.040.040.040.040.040.040.040.040.04
Depreciation 0.030.030.030.030.030.030.030.030.030.030.030.030.03
Profit before tax 0.120.110.150.030.080.04-0.030.050.07-0.25-0.02-0.340.11
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit 0.110.110.150.030.080.04-0.030.050.07-0.25-0.02-0.340.11
EPS in Rs 0.090.090.130.030.070.03-0.030.040.06-0.21-0.02-0.290.09

Last Updated: March 3, 2026, 8:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 17, 2026, 11:26 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4.395.775.765.275.457.974.486.156.123.316.303.853.89
Expenses 4.257.685.545.736.378.534.666.406.393.596.244.224.68
Operating Profit 0.14-1.910.22-0.46-0.92-0.56-0.18-0.25-0.27-0.280.06-0.37-0.79
OPM % 3.19%-33.10%3.82%-8.73%-16.88%-7.03%-4.02%-4.07%-4.41%-8.46%0.95%-9.61%-20.31%
Other Income -0.320.210.040.550.470.480.390.430.430.420.510.480.57
Interest 0.290.030.030.180.130.140.130.140.140.140.150.140.16
Depreciation 0.960.110.120.120.120.130.130.130.130.130.130.130.12
Profit before tax -1.43-1.840.11-0.21-0.70-0.35-0.05-0.09-0.11-0.130.29-0.16-0.50
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit -1.43-1.850.10-0.21-0.70-0.35-0.05-0.09-0.12-0.120.30-0.16-0.50
EPS in Rs -1.83-2.360.08-0.18-0.59-0.30-0.04-0.08-0.10-0.100.25-0.14-0.43
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-29.37%105.41%-310.00%-233.33%50.00%85.71%-80.00%-33.33%0.00%350.00%-153.33%
Change in YoY Net Profit Growth (%)0.00%134.78%-415.41%76.67%283.33%35.71%-165.71%46.67%33.33%350.00%-503.33%

Mukat Pipes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-4%
5 Years:-3%
3 Years:-14%
TTM:-38%
Compounded Profit Growth
10 Years:7%
5 Years:%
3 Years:-13%
TTM:-225%
Stock Price CAGR
10 Years:19%
5 Years:77%
3 Years:32%
1 Year:-16%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 3:51 pm

Balance Sheet

Last Updated: March 3, 2026, 3:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7.837.835.925.925.925.925.925.925.925.925.925.925.92
Reserves -13.15-15.02-11.18-11.55-12.25-12.59-12.64-12.74-12.85-13.12-12.75-12.91-13.27
Borrowings 6.116.043.123.253.353.373.483.603.573.573.553.533.60
Other Liabilities 6.377.648.889.4610.898.807.717.897.468.078.487.537.96
Total Liabilities 7.166.496.747.087.915.504.474.674.104.445.204.074.21
Fixed Assets 1.611.841.771.651.741.621.511.381.171.070.960.860.80
CWIP 0.090.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 5.464.654.975.436.173.882.963.292.933.374.243.213.41
Total Assets 7.166.496.747.087.915.504.474.674.104.445.204.074.21

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.560.280.910.010.030.21-0.010.250.170.091.32-0.30
Cash from Investing Activity + 0.03-0.27-0.030.02-0.05-0.140.000.000.020.100.05-0.04
Cash from Financing Activity + -0.36-0.10-0.79-0.05-0.02-0.12-0.01-0.02-0.17-0.14-0.17-0.16
Net Cash Flow 0.23-0.090.09-0.02-0.04-0.05-0.020.240.020.051.20-0.50
Free Cash Flow 0.540.000.860.01-0.180.19-0.020.240.250.061.30-0.33
CFO/OP 400%-15%495%-35%-3%-38%6%-100%-63%-82%2,083%81%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-5.97-7.95-2.90-3.71-4.27-3.93-3.66-3.85-3.84-3.85-3.49-3.90

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 127.2189.19117.2365.1050.903.212.440.000.000.000.000.00
Inventory Days 678.90168.16558.77162.36142.0981.5292.3359.5328.73232.9880.7937.99
Days Payable 682.55328.501,013.8949.0934.645.5611.544.706.9915.533.803.30
Cash Conversion Cycle 123.56-71.15-337.89178.38158.3679.1783.2354.8321.74217.4576.9934.68
Working Capital Days -148.00-233.42-281.35-23.55-52.24-43.51-48.07-37.39-57.85-87.11-72.42-88.17
ROCE %-18.37%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.71%73.71%73.71%73.71%73.71%73.71%73.71%73.71%73.71%73.71%73.71%73.71%
Public 26.28%26.29%26.30%26.30%26.30%26.29%26.29%26.29%26.28%26.28%26.29%26.30%
No. of Shareholders 10,0019,9739,9419,87010,03210,03510,07510,03710,09510,08010,04910,034

Shareholding Pattern Chart

No. of Shareholders

Mukat Pipes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) -0.140.25-0.11-0.10-0.08
Diluted EPS (Rs.) -0.140.25-0.11-0.10-0.08
Cash EPS (Rs.) -0.020.350.000.010.03
Book Value[Excl.RevalReserv]/Share (Rs.) -5.91-5.78-6.09-5.86-5.77
Book Value[Incl.RevalReserv]/Share (Rs.) -5.91-5.78-6.09-5.86-5.77
Revenue From Operations / Share (Rs.) 3.265.322.805.175.20
PBDIT / Share (Rs.) 0.090.480.120.130.14
PBIT / Share (Rs.) -0.010.370.010.020.03
PBT / Share (Rs.) -0.130.25-0.10-0.09-0.07
Net Profit / Share (Rs.) -0.130.25-0.10-0.09-0.07
PBDIT Margin (%) 2.839.034.462.582.87
PBIT Margin (%) -0.467.020.570.430.73
PBT Margin (%) -4.154.71-3.77-1.87-1.53
Net Profit Margin (%) -4.154.71-3.77-1.87-1.53
Return on Networth / Equity (%) 0.00-4.340.000.000.00
Return on Capital Employeed (%) -0.6214.520.690.961.39
Return On Assets (%) -3.945.71-2.81-2.80-2.01
Long Term Debt / Equity (X) -0.50-0.51-0.49-0.51-0.52
Total Debt / Equity (X) -0.50-0.51-0.49-0.51-0.52
Asset Turnover Ratio (%) 0.831.310.771.401.35
Current Ratio (X) 1.231.210.830.620.86
Quick Ratio (X) 1.050.810.310.340.33
Inventory Turnover Ratio (X) 7.184.323.047.826.83
Interest Coverage Ratio (X) 0.763.921.031.121.27
Interest Coverage Ratio (Post Tax) (X) -0.123.050.130.180.32
Enterprise Value (Cr.) 24.0217.1411.2911.037.74
EV / Net Operating Revenue (X) 6.232.723.411.801.26
EV / EBITDA (X) 219.7730.1376.3869.7743.81
MarketCap / Net Operating Revenue (X) 5.632.432.491.290.74
Price / BV (X) -3.10-2.24-1.14-1.14-0.67
Price / Net Operating Revenue (X) 5.632.432.491.290.74
EarningsYield -0.010.01-0.01-0.01-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Mukat Pipes Ltd. is a Public Limited Listed company incorporated on 18/08/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27200MH1987PLC044407 and registration number is 044407. Currently company belongs to the Industry of Steel - Tubes/Pipes. Company's Total Operating Revenue is Rs. 3.85 Cr. and Equity Capital is Rs. 5.92 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Tubes/PipesB-1106, Raj Classic CHS Ltd., Panch Marg, Yari Road, Mumbai Maharashtra 400061Contact not found
Management
NamePosition Held
Mr. Rupinder SinghChairman
Mrs. Sandeep Kaur AhluwaliaWhole Time Director
Mrs. Mandeep Ahluwalia PahwaDirector
Mr. Atul Rajkumar BaliIndependent Director
Mr. Atamjeet SinghIndependent Director
Mrs. Gunjan Jain JunejaIndependent Director

FAQ

What is the intrinsic value of Mukat Pipes Ltd and is it undervalued?

As of 10 April 2026, Mukat Pipes Ltd's intrinsic value is ₹7.95, which is 44.01% lower than the current market price of ₹14.20, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹6.21), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mukat Pipes Ltd?

Mukat Pipes Ltd is trading at ₹14.20 as of 10 April 2026, with a FY2026-2027 high of ₹33.6 and low of ₹11.8. The stock is currently near its 52-week low. Market cap stands at ₹16.8 Cr..

How does Mukat Pipes Ltd's P/E ratio compare to its industry?

Mukat Pipes Ltd has a P/E ratio of , which is below the industry average of 40.74. This is broadly in line with or below the industry average.

Is Mukat Pipes Ltd financially healthy?

Key indicators for Mukat Pipes Ltd: ROCE of % is on the lower side compared to the industry average of 15.34%; ROE of % is below ideal levels (industry average: 11.65%). Dividend yield is 0.00 %.

Is Mukat Pipes Ltd profitable and how is the profit trend?

Mukat Pipes Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹4 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does Mukat Pipes Ltd pay dividends?

Mukat Pipes Ltd has a dividend yield of 0.00 % at the current price of ₹14.20. The company is currently not paying meaningful dividends.

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 Mukat Pipes 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
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