Mukat Pipes Ltd: Intrinsic Value & Share Price Analysis

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

As of 14 June 2026, Mukat Pipes Ltd's intrinsic value is 204.81, which is 995.24% higher than the current market price of 18.70, suggesting the stock is undervalued. Calculated using the PE ratio method factoring in ROE (%), book value (5.77), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Mukat Pipes Ltd is trading at 18.70 as of 14 June 2026, with a FY2026-2027 high of 33.6 and low of 11.8. The stock is currently in the middle of its 52-week range. Market cap stands at 22.2 Cr..

Q: Is Mukat Pipes Ltd financially healthy?

Key indicators: ROCE of % is on the lower side. Dividend yield is 0.00 %.

Q: 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.

Fair Value

₹312.87Undervalued by 1,573.10%vs CMP ₹18.70

P/E (443.0) × ROE (15.0%) × BV (₹5.77) × DY (2.00%)

Defaults: ROE=15%

₹204.81Undervalued by 995.24%vs CMP ₹18.70

MoS: +90.9% (Strong)Confidence: 28/100 (Low)Models: 1 Under, 1 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹295.52	69%	Under (+1480.3%)
Revenue Multiple	Revenue	₹3.24	31%	Over (-82.7%)
Consensus (2 models)		₹204.81	100%	Undervalued

Key Drivers: P/E of 443 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

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

*Investments are subject to market risks

Analyst Summary

Mukat Pipes Ltd operates in the Steel - Tubes/Pipes segment, NSE: MUKATPIP | BSE: 523832, current market price is ₹18.70, market cap is 22.2 Cr.. At a glance, stock P/E is 443, ROE is %, ROCE is %, book value is 5.77, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹204.81, which is about 995.2% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹4 Cr versus the prior period change of -38.9%, while latest net profit is about ₹0 Cr with a prior-period change of -153.3%. The 52-week range shown on this page is 33.6/11.8, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMukat 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 L2720…

This summary is generated from the stock page data available for Mukat Pipes Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Mukat Pipes Ltd scores 40/100 (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 Rank30/100 · Weak

P/E 443.0 vs industry 83.6 Premium to peers3Y 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.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 8:50 am

Market Cap	22.2 Cr.
Current Price	18.7
Intrinsic Value	₹204.81
High / Low	33.6/11.8
Stock P/E	443
Book Value	5.77
Dividend Yield	0.00 %
ROCE	%
ROE	%
Face Value	5.00
PEG Ratio	-79.91

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

Stock P/E Current Price Intrinsic Value

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	22.2 Cr.	18.7	33.6/11.8	443	5.77	0.00 %	%	%	5.00
Surani Steel Tubes Ltd	193 Cr.	124	144/47.3	264	79.7	0.00 %	0.76 %	0.59 %	10.0
Crimson Metal Engineering Company Ltd	21.4 Cr.	48.3	61.4/10.8	153	13.0	0.00 %	7.92 %	2.47 %	10.0
Prakash Steelage Ltd	75.4 Cr.	4.31	6.60/3.84	89.8	0.56	0.00 %	10.4 %	9.02 %	1.00
Rama Steel Tubes Ltd	843 Cr.	5.15	13.3/3.43	67.0	2.92	0.00 %	5.57 %	2.99 %	1.00
Industry Average	11,348.75 Cr	592.49		83.62	174.70	0.38%	14.73%	11.32%	4.69

All Competitor Stocks of Mukat Pipes Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	0.56	1.50	1.30	1.22	1.72	2.06	1.05	0.70	1.16	0.94	0.94	0.51	1.50
Expenses	0.47	1.44	1.19	1.24	1.68	2.13	1.13	0.69	1.15	1.24	1.00	0.89	1.55
Operating Profit	0.09	0.06	0.11	-0.02	0.04	-0.07	-0.08	0.01	0.01	-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	0.10	0.12	0.11	0.12	0.11	0.18	0.12	0.11	0.13	0.12	0.11	0.11	0.23
Interest	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Profit before tax	0.12	0.11	0.15	0.03	0.08	0.04	-0.03	0.05	0.07	-0.25	-0.02	-0.34	0.11
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	0.11	0.11	0.15	0.03	0.08	0.04	-0.03	0.05	0.07	-0.25	-0.02	-0.34	0.11
EPS in Rs	0.09	0.09	0.13	0.03	0.07	0.03	-0.03	0.04	0.06	-0.21	-0.02	-0.29	0.09

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	4.39	5.77	5.76	5.27	5.45	7.97	4.48	6.15	6.12	3.31	6.30	3.85	3.89
Expenses	4.25	7.68	5.54	5.73	6.37	8.53	4.66	6.40	6.39	3.59	6.24	4.22	4.68
Operating Profit	0.14	-1.91	0.22	-0.46	-0.92	-0.56	-0.18	-0.25	-0.27	-0.28	0.06	-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	-0.32	0.21	0.04	0.55	0.47	0.48	0.39	0.43	0.43	0.42	0.51	0.48	0.57
Interest	0.29	0.03	0.03	0.18	0.13	0.14	0.13	0.14	0.14	0.14	0.15	0.14	0.16
Depreciation	0.96	0.11	0.12	0.12	0.12	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.12
Profit before tax	-1.43	-1.84	0.11	-0.21	-0.70	-0.35	-0.05	-0.09	-0.11	-0.13	0.29	-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	-1.85	0.10	-0.21	-0.70	-0.35	-0.05	-0.09	-0.12	-0.12	0.30	-0.16	-0.50
EPS in Rs	-1.83	-2.36	0.08	-0.18	-0.59	-0.30	-0.04	-0.08	-0.10	-0.10	0.25	-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

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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: June 9, 2026, 3:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7.83	5.92	5.92	5.92	5.92	5.92	5.92	5.92	5.92	5.92	5.92	5.92
Reserves	-15.02	-11.18	-11.55	-12.25	-12.59	-12.64	-12.74	-12.85	-13.12	-12.75	-12.91	-12.74
Borrowings	6.04	3.12	3.25	3.35	3.37	3.48	3.60	3.57	3.57	3.55	3.53	3.46
Other Liabilities	7.64	8.88	9.46	10.89	8.80	7.71	7.89	7.46	8.07	8.48	7.53	8.65
Total Liabilities	6.49	6.74	7.08	7.91	5.50	4.47	4.67	4.10	4.44	5.20	4.07	5.29
Fixed Assets	1.84	1.77	1.65	1.74	1.62	1.51	1.38	1.17	1.07	0.96	0.86	0.84
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	4.65	4.97	5.43	6.17	3.88	2.96	3.29	2.93	3.37	4.24	3.21	4.45
Total Assets	6.49	6.74	7.08	7.91	5.50	4.47	4.67	4.10	4.44	5.20	4.07	5.29

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	0.28	0.91	0.01	0.03	0.21	-0.01	0.25	0.17	0.09	1.32	-0.30	0.14
Cash from Investing Activity +	-0.27	-0.03	0.02	-0.05	-0.14	0.00	0.00	0.02	0.10	0.05	-0.04	0.08
Cash from Financing Activity +	-0.10	-0.79	-0.05	-0.02	-0.12	-0.01	-0.02	-0.17	-0.14	-0.17	-0.16	-0.21
Net Cash Flow	-0.09	0.09	-0.02	-0.04	-0.05	-0.02	0.24	0.02	0.05	1.20	-0.50	0.01
Free Cash Flow	0.00	0.86	0.01	-0.18	0.19	-0.02	0.24	0.25	0.06	1.30	-0.33	0.04
CFO/OP	-15%	495%	-35%	-3%	-38%	6%	-100%	-63%	-82%	2,083%	81%	-6%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	0.14	-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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	127.21	89.19	117.23	65.10	50.90	3.21	2.44	0.00	0.00	0.00	0.00	0.00
Inventory Days	678.90	168.16	558.77	162.36	142.09	81.52	92.33	59.53	28.73	232.98	80.79	37.99
Days Payable	682.55	328.50	1,013.89	49.09	34.64	5.56	11.54	4.70	6.99	15.53	3.80	3.30
Cash Conversion Cycle	123.56	-71.15	-337.89	178.38	158.36	79.17	83.23	54.83	21.74	217.45	76.99	34.68
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

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	10,001	9,973	9,941	9,870	10,032	10,035	10,075	10,037	10,095	10,080	10,049	10,034

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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	-0.14	0.25	-0.11	-0.10	-0.08
Diluted EPS (Rs.)	-0.14	0.25	-0.11	-0.10	-0.08
Cash EPS (Rs.)	-0.02	0.35	0.00	0.01	0.03
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.)	3.26	5.32	2.80	5.17	5.20
PBDIT / Share (Rs.)	0.09	0.48	0.12	0.13	0.14
PBIT / Share (Rs.)	-0.01	0.37	0.01	0.02	0.03
PBT / Share (Rs.)	-0.13	0.25	-0.10	-0.09	-0.07
Net Profit / Share (Rs.)	-0.13	0.25	-0.10	-0.09	-0.07
PBDIT Margin (%)	2.83	9.03	4.46	2.58	2.87
PBIT Margin (%)	-0.46	7.02	0.57	0.43	0.73
PBT Margin (%)	-4.15	4.71	-3.77	-1.87	-1.53
Net Profit Margin (%)	-4.15	4.71	-3.77	-1.87	-1.53
Return on Networth / Equity (%)	0.00	-4.34	0.00	0.00	0.00
Return on Capital Employeed (%)	-0.62	14.52	0.69	0.96	1.39
Return On Assets (%)	-3.94	5.71	-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 (%)	0.83	1.31	0.77	1.40	1.35
Current Ratio (X)	1.23	1.21	0.83	0.62	0.86
Quick Ratio (X)	1.05	0.81	0.31	0.34	0.33
Inventory Turnover Ratio (X)	7.18	4.32	3.04	7.82	6.83
Interest Coverage Ratio (X)	0.76	3.92	1.03	1.12	1.27
Interest Coverage Ratio (Post Tax) (X)	-0.12	3.05	0.13	0.18	0.32
Enterprise Value (Cr.)	24.02	17.14	11.29	11.03	7.74
EV / Net Operating Revenue (X)	6.23	2.72	3.41	1.80	1.26
EV / EBITDA (X)	219.77	30.13	76.38	69.77	43.81
MarketCap / Net Operating Revenue (X)	5.63	2.43	2.49	1.29	0.74
Price / BV (X)	-3.10	-2.24	-1.14	-1.14	-0.67
Price / Net Operating Revenue (X)	5.63	2.43	2.49	1.29	0.74
EarningsYield	-0.01	0.01	-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. 5.29 Cr. and Equity Capital is Rs. 5.92 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Steel - Tubes/Pipes	B-1106, Raj Classic CHS Ltd., Panch Marg, Yari Road, Mumbai Maharashtra 400061	Contact not found

Management
Name	Position Held
Mr. Rupinder Singh	Chairman
Mrs. Sandeep Kaur Ahluwalia	Whole Time Director
Mrs. Mandeep Ahluwalia Pahwa	Director
Mr. Atul Rajkumar Bali	Independent Director
Mr. Atamjeet Singh	Independent Director
Mrs. Gunjan Jain Juneja	Independent Director

FAQ

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

As of 14 June 2026, Mukat Pipes Ltd's intrinsic value is ₹204.81, which is 995.24% higher than the current market price of ₹18.70, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹5.77), 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 ₹18.70 as of 14 June 2026, with a FY2026-2027 high of ₹33.6 and low of ₹11.8. The stock is currently in the middle of its 52-week range. Market cap stands at ₹22.2 Cr..

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

Mukat Pipes Ltd has a P/E ratio of 443, which is above the industry average of 83.62. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

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 14.73%; ROE of % is below ideal levels (industry average: 11.32%). 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 ₹18.70. The company is currently not paying meaningful dividends.