As of 6 Nov 2026, Mukat Pipes is loss-making on a trailing 12-month basis, with a net loss of ₹0.06 Cr, so it has no P/E ratio. The share price is ₹16.26, 52% below its 52-week high. Sales grew 17% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹3.46 Cr. It is a small-cap company with a market cap of ₹19 Cr, ranked 140th of 150 Steel companies by market cap; the shares fell 5.2% over the past year.
- ₹14.06
- ₹16.44
- ₹14.01
- ₹14.99
- 3.2K
Health check
- ReturnsBehind
−5.2% over a year, better than 1 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthUnder pressure
Sales +16.9% a year over 3 years, but loss-making now.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹19 Cr
- Small cap
- P/E
- n/a
- Industry 19.9
- Price to book
- −2.84
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 23.4%
- ROCE
- 7.2%
- Peers 18.7%
- Debt to equity
- n/a
- Debt ₹3.46 Cr
- EPS (TTM)
- −₹0.05
- OPM (TTM)
- −7.2%
- Net margin −1.1%
- Sales growth
- +70.1%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 3.23
- EV/EBITDA 108.5
Strengths and risks
Strengths
- Quarterly sales up 70.1% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Negative net worth: liabilities exceed assets.
- 52% below its 52-week high.
- Interest coverage of only −2.2×.
About Mukat Pipes
Mukat Pipes Limited manufactures and sells large diameter submerged arc welded pipes in India. The company offers MS shells for infrastructure, longitudinal, helical and spiral saw pipes, site pipe fabrication, and penstock pipes. Its products are used in refineries fertilizer plants, thermal power plants, industrial use for oil, gas, circulating water system, water pipelines, and as penstocks on hydro-electric power generation projects. Mukat Pipes…
- Headquarters
- Mumbai
- Employees
- 39
- Sector
- Basic Materials
- ISIN
- INE862C01029
- Website
- mukatpipes.com
Price range
- Avg volume (3M)
- 1.7K
- 1-year return
- minus 5.2%
- From 52-week high
- minus 51.6%
Peers · Steel
| 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% |
| MUKATPIPMukat Pipes | 16.26 | plus 8.47% | 19 | – | – | 7.2% | −7.2% | – | 16.9% | minus 5.2% |
| 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
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.9 | 0.5 | 1.5 | 2.3 | 1.6 | |
| 1 | 0.9 | 1.5 | 2.2 | 1.8 | |
| −0.1 | −0.4 | −0 | 0.2 | −0.2 | |
| −6.9% | −75.4% | −3.0% | 7.8% | −11.2% | |
| 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| −0 | −0.3 | 0.1 | 0.3 | −0.1 | |
| −0 | −0.3 | 0.1 | 0.3 | −0.1 | |
| -0.01 | -0.29 | 0.10 | 0.25 | -0.11 |
Profit & loss
- Sales CAGR 3Y
- +16.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.3 | 6.3 | 3.9 | 5.3 | |
| – | +90.4% | minus 38.8% | +37.2% | |
| 3.5 | 5.9 | 4.2 | 5.6 | |
| −0.2 | 0.4 | −0.4 | −0.3 | |
| −6.7% | 5.9% | −9.7% | −5.9% | |
| 0.4 | 0.5 | 0.5 | 0.6 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| −0 | −0.3 | – | – | |
| −0.1 | 0.3 | −0.2 | 0.1 | |
| −0.1 | 0.3 | −0.2 | 0.1 | |
| -0.11 | 0.25 | -0.14 | 0.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.9 | 5.9 | 5.9 | 5.9 | |
| −13.1 | −12.8 | −12.9 | −12.7 | |
| 3.6 | 3.6 | 3.5 | 3.5 | |
| 8.1 | 8.5 | 7.5 | 8.6 | |
| 4.4 | 5.2 | 4.1 | 5.3 | |
| 1.1 | 1 | 0.9 | 0.8 | |
| 0.5 | 1.7 | 1.2 | 1.2 | |
| 2.9 | 2.5 | 2 | 3.2 | |
| 4.4 | 5.2 | 4.1 | 5.3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.1 | 1.3 | −0.3 | 0.1 | |
| 0.1 | 0 | −0 | 0.1 | |
| −0.1 | −0.2 | −0.2 | −0.2 | |
| 0 | 1.2 | −0.5 | 0 | |
| −0 | −0 | −0 | −0.1 | |
| 0.1 | 1.3 | −0.3 | 0 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.