Mukand (MUKANDLTD) share price, P/E, ROE & financials

As of 6 Nov 2026, Mukand trades at 3.4× trailing earnings, below the industry P/E of 19.9×, and the shares are 22% below their 52-week high. Its ROCE of 36% is the highest among the 7 largest Steel peers, and sales fell 4.4% a year over 3 years while net profit grew 52%, though net profit is above operating profit, which points to a one-off gain. Its dividend yield is 1.3%, and debt is 1.11× equity. It is a small-cap company with a market cap of ₹2,153 Cr, ranked 42nd of 150 Steel companies by market cap; the shares rose 10% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹150.80
Day high: ₹150.99
Day low: ₹145.25
Prev. close: ₹150.27
Volume: 1.4 L

Health check

1 good · 3 fair · 1 to check

ReturnsIn line
+10.1% over a year, better than 3 of 7 peers.
Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
GrowthSteady
Sales −4.4%, profit +52.1% a year over 3 years.
ProfitabilityStrong
ROCE 35.6% vs peer median 18.7%.
Balance sheetFair
Debt 1.11× equity, interest covered 4.4×, Piotroski 4 of 9.
Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹2,153 Cr, #42 of 150 in its industry by size.

Defensive

Beta 0.75 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹5,123 Cr · profit ₹632 Cr

Market cap: ₹2,153 Cr; Small cap
P/E: 3.4; Industry 19.9
Price to book: 1.41; Peers 2.28
Dividend yield: 1.34%
ROE: 48.9%; Peers 23.4%
ROCE: 35.6%; Peers 18.7%
Debt to equity: 1.11; Debt ₹1,697 Cr
EPS (TTM): ₹43.77; Face value ₹10
OPM (TTM): 2.5%; Net margin 12.3%
Sales growth: +20.7%; Latest quarter vs a year ago
Profit growth: +97.6%; Latest quarter vs a year ago
Price to sales: 0.42; EV/EBITDA 30.4

Strengths

Return on equity of 48.9%.
Return on capital employed of 35.6%.
Quarterly profit up 97.6% on a year ago.
Quarterly sales up 20.7% on a year ago.

Risks to check

Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Interest coverage of only 1.0×.

Derived automatically from reported figures. Not a recommendation.

About Mukand

Mukand Limited engages in the manufacture and sale of alloy and stainless steel products in India and internationally. It operates through the Steel, Industrial Machinery and Engineering Contracts, and Others segments. The Steel segment offers billets, blooms, rounds, wire rods, bars, rods and sections, and bright bars, as well as wires of special and alloy, and stainless steel. Its Industrial Machinery and Engineering Contracts segment provides EOT and…

Headquarters: Mumbai
Employees: 1,379
Sector: Basic Materials
ISIN: INE304A01026
Website: mukand.com

Price range

52 weeks

₹114.31₹190.70

Today

₹145.25₹150.99

Avg volume (3M): 3.5 L
1-year return: plus 10.1%
From 52-week high: minus 21.9%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
MUKANDLTDMukand	148.98	minus 0.86%	2,153	3.4	26.0	35.6%	−0.8%	1.11	−4.4%	plus 10.1%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
1,129	1,161	1,331	1,269	1,362
1,081	1,096	1,259	1,287	1,355
47.3	65.1	72.1	−17.5	7.2
4.2%	5.6%	5.4%	−1.4%	0.5%
38.7	6.8	3.9	508	105
33.9	37.5	39.7	39.1	34.1
14.4	14.5	15.5	18	17.9
37.7	19.9	20.8	434	60.2
22.9%	50.3%	50.7%	−27.9%	4.7%
29	9.9	10.3	555	57.4
2.01	0.68	0.71	38.41	3.97

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −4.4%
Profit CAGR 3Y: +52.1%
EPS CAGR 3Y: +52.1%
ROE: 48.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
5,546	5,155	4,874	4,846
–	minus 7.0%	minus 5.4%	minus 0.6%
5,713	4,867	4,593	4,700
−168	288	281	146
−3.0%	5.6%	5.8%	3.0%
24	17.1	12.3	24.6
176	131	129	150
52.4	49.7	50.7	62.4
545	1.8	4.9	553
172	127	118	512
0.3%	18.1%	35.8%	−18.0%
172	104	75.9	604
–	minus 39.5%	minus 26.9%	+696.1%
11.89	7.19	5.24	41.81

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
145	145	145	145
709	760	805	1,378
1,499	1,483	1,554	1,691
825	642	1,039	864
3,178	3,030	3,542	4,077
486	501	710	777
29.7	49.6	173	150
1.6	9.9	28.2	27.8
197	51	26	30.7
2,464	2,418	2,605	3,092
3,178	3,030	3,542	4,077

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
106	91.2	180	−441
619	88.1	−124	472
−728	−165	−85.8	−36.8
−2.9	13.8	−29.4	−5.9
−61	−63.2	−126	−108
45	28	54	−549
−21.7	−28.7	−28.8	−28.8

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 1.1% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you