Mukand Ltd Stock Analysis

BSE: 500460 | NSE: MUKANDLTD | Steel & Iron Products | Small Cap

BSE Share Price 06-Dec-2022 18:01
113.00 -0.90 (-0.79%)

DeciZen - Make an Informed Decision on Mukand

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Mukand Price Chart

P/E Ratio (SA) :
12.75
Market Cap :
1,632.8 Cr.
52-wk low :
97.5
52-wk high :
165
Bole Toh?

1. Is Mukand Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mukand Ltd is a below average quality company.

2. Is Mukand Ltd undervalued or overvalued?

The key valuation ratios of Mukand Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Mukand Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mukand Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mukand:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mukand Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 1.3%2.7%4.4%4.5%6.9%2%3.9%1.1%-5.8%7.1%-
Value Creation Index -0.9-0.8-0.7-0.7-0.5-0.9-0.7-0.9-1.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,1262,5402,8192,7312,6673,0703,5882,8182,6814,6235,544
YoY Gr. Rt. %-19.4%11%-3.1%-2.4%15.1%16.9%-21.4%-4.9%72.5%-
Adj EPS -13.7-3.90.91.4-1.3-8.7-6-14.1-27.87.38.9
YoY Gr. Rt. %-NANA52.8%-194.1%NANANANANA-
BVPS (₹) 57.33332.532.625.680.274.560.663.570.952.2
Adj Net Profit -98.2-55.412.619.2-18.1-122-85.1-199-393104128
Cash Flow from Ops. 11.6-26.211.8117295764-172121-262-123-
Debt/CF from Ops. 186.4-88217.523.39.82.6-13.821-7-14.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9%11.6%8.8%72.5%
Adj EPS NANANANA
BVPS 2.422.7-1.611.8
Share Price 14.7% 5.6% 60.5% -10.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -4.7-2.60.60.9-1.5-16.4-7.8-20.8-44.810.914.4
Op. Profit Mgn % 6.58.712.413.212.42.14.93.9-9.75.25
Net Profit Mgn % -4.6-2.20.50.7-0.7-4-2.4-7.1-14.72.22.3
Debt to Equity 5.24.95.55.981.72.3321.82.9
Working Cap Days 356322327364393329237305308189179
Cash Conv. Cycle 22519820223524115596158169106119

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.40%

Debt to equity has declined versus last 3 years average to 1.76

Sales growth is good in last 4 quarters at 55.22%

Sales growth has been subdued in last 3 years 8.82%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mukand Ltd.

Standalone Consolidated
TTM EPS (₹) 8.9 7.9
TTM Sales (₹ Cr.) 5,544 5,577
BVPS (₹.) 52.2 51.1
Reserves (₹ Cr.) 610 594
P/BV 2.17 2.21
PE 12.75 14.36
From the Market
52 Week Low / High (₹) 97.50 / 164.95
All Time Low / High (₹) 1.69 / 167.19
Market Cap (₹ Cr.) 1,633
Equity (₹ Cr.) 144.5
Face Value (₹) 10
Industry PE 10.1

Management X-Ray of Mukand :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *13.120.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mukand

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Mukand Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mukand on 06-Dec-2022 18:01 is : 113.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 18:01 the market cap of Mukand stood at ₹ 1,632.8.
The latest PE ratio of Mukand as of 06-Dec-2022 18:01 is 12.75.
The latest PB ratio of Mukand as of 06-Dec-2022 18:01 is 2.17
The 52-week high of Mukand is ₹ 164.9 and the 52-week low is ₹ 97.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Mukand is ₹ 5,544 ( Cr.) .

About Mukand Ltd

Mukand, incorporated in 1937; is engaged in manufacturing of alloy and stainless steel long products. Earlier known as Mukand Iron & Steel Works; the company operates in four segments namely steel, industrial machinery, road construction and other products.

Mukand is part of Bajaj group of companies. Bajaj Auto is Flagship Company of this group.

Company’s steel plant is located at Kalwe near Mumbai and Hospet, Karnataka. Mukand’s manufacturing facilities are ISO 9000: 2000 certified.

The Company supplies its steel products to customers located in countries such as the United States of America, Germany, Italy, the Netherlands, Switzerland, United Arab Emirates, Japan, Korea, Hong Kong, Taiwan, Vietnam, to mention a few.

The company has offered its products and services to clients like Maruti Udyog, Bajaj Auto, Honda Motor Cycle & Scooter India, Hero Honda Motors, Steel Authority of India, Larsen & Toubro, Defence Research and Development Organisation, Mitsui, General Electric, National Highways Authority of India are among others.

In 2012 the company formed the Joint Venture with Sumitomo Corporation, Japan & sale of Cold Finished Bars & Wires Business to subsidiary, Technosys Metal Processing Ltd.

Business Area

Steel- Under this, it manufactures a wide range of steel and alloy products such as wire rods, rolled products, round bars, hexagons, round corners squares, bright bars, cold finished wires and cast for booms and billets.

Machinery- Under this Mukand manufactures electric overhead travelling (EOT) cranes, electrical level luffing crane, gantry crane, container handling crane, bulk material handling and equipment, process plant equipment.

Turnkey projects- This division undertakes several projects for various organisation such as a 40 metre high mobile service structure for assembly of augmented satellite launching vehicle (ASLV) for Indian Space Research Organization (ISRO); An anode handling and rodding plant for National Aluminium Company are among several others projects.

Road construction- The company undertook construction of two highway projects namely Ashapur-Khaga and Handia-Rajatalao funded by the World Bank.

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