Mukand Ltd.

BSE: MUKANDLTD500460ISIN INE304A01026

Industrials
Iron & Steel Products
BSE 1000

Share price

₹149.15+4.05 (+2.79%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹191.00
52W low: ₹114.65
Off 52W high: -21.91%
1M return: -18.32%
3M return: +5.04%
6M return: +7.96%
1Y return: +9.35%
20D avg volume: 21,632
50 DMA: ₹152.13
200 DMA: ₹138.14

Key ratios Consolidated

Market cap: ₹2,155 Cr
Current price: ₹149.15
52W high / low: ₹191.00 / ₹114.65
Face value: ₹10.00
P/E: 3.41
P/B: 1.42
EPS (TTM): ₹43.77
Book value / share: ₹105.36
ROE: —
ROCE: 35.60%
Operating margin: —
Net margin: —
Debt / equity: 1.11
Net debt: ₹1,681 Cr
Interest cover: 4.41
Dividend yield: 2.01%
Dividend / share (TTM): ₹3.00
Payout: 6.85%
Cash conversion cycle: 168.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,362	1,269	1,331	1,161	1,129	1,107	1,262	1,263	1,258	1,239	1,177	1,377
	105.04	508.34	3.92	2.76	38.68	5.55	1.54	3.31	4.03	3.92	5.70	3.48
	1,467	1,777	1,335	1,163	1,167	1,112	1,264	1,266	1,262	1,243	1,182	1,380
	1,407	1,344	1,315	1,144	1,130	1,088	1,234	1,233	1,230	1,200	1,160	1,352
	973.06	906.40	992.01	875.83	812.79	705.77	811.17	860.03	817.10	855.47	764.82	842.50
	0.00	0.00	0.00	0.00	0.00	1.78	0.66	0.68	0.44	0.39	0.06	0.05
	58.16	55.65	63.03	59.95	57.90	54.68	58.23	57.25	56.20	52.56	63.43	51.60
	34.07	39.06	39.72	37.53	33.89	33.29	31.83	32.58	31.93	31.42	33.55	33.08
	17.93	18.02	15.51	14.50	14.37	13.26	12.66	13.62	11.19	12.30	12.49	12.47
	341.10	342.55	343.25	331.36	316.14	316.32	171.93	183.06	183.27	156.85	—	—
	60.22	433.77	20.82	19.87	37.67	24.13	29.32	33.19	31.66	43.05	21.91	27.85
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	60.22	433.77	20.82	19.87	37.67	24.13	29.32	33.19	31.66	43.05	21.91	27.85
	2.86	121.21	10.56	9.99	8.64	13.23	14.44	7.41	7.33	13.96	2.55	4.54
	57.36	554.98	10.26	9.88	29.03	10.90	14.88	25.78	24.33	29.09	19.36	23.31
	3.97	38.51	0.71	0.68	2.01	0.75	1.03	1.78	1.68	2.01	1.34	1.61
Key metrics
	112.22	490.85	76.05	71.90	85.93	70.68	73.81	79.39	74.78	86.77	67.95	73.40
	8.20%	38.70%	5.70%	6.20%	7.60%	6.40%	5.80%	6.30%	5.90%	7.00%	5.80%	5.30%
	4.20%	43.70%	0.80%	0.90%	2.60%	1.00%	1.20%	2.00%	1.90%	2.30%	1.60%	1.70%
	—	25.40%	—	4.10%	—	5.10%	—	—	—	—	—	—
	20.70%	14.70%	5.50%	-8.10%	-10.30%	-10.70%	7.30%	-8.30%	—	—	—	—
	97.60%	4,991.60%	-31.00%	-61.70%	19.30%	-62.50%	-23.10%	10.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	5,123	4,890	4,890	5,175	5,568	4,637
	620.06	553.70	14.43	16.03	585.19	115.72
	5,743	5,444	4,904	5,191	6,153	4,752
	5,209	4,931	4,786	5,064	5,974	4,588
	3,747	3,587	3,194	3,395	3,954	3,105
	0.00	0.00	0.00	0.81	1.07	4.29
	236.79	236.53	226.36	219.01	204.75	191.33
	150.38	150.20	129.63	131.47	176.97	160.55
	65.96	62.40	50.73	49.72	52.38	44.78
	1,358	1,333	1,327	654.86	—	699.70
	534.68	512.13	118.30	126.83	178.78	164.11
	0.00	0.00	0.00	0.00	0.00	0.00
	534.68	512.13	118.30	126.83	178.78	164.11
	144.62	-92.02	42.41	24.13	0.49	15.42
	632.48	604.15	75.89	102.70	171.78	177.42
	43.87	41.81	5.24	7.11	11.89	12.55
Key metrics
	751.02	724.73	298.66	308.02	408.13	369.44
	14.66%	14.80%	6.10%	6.00%	7.30%	8.00%
	12.35%	12.40%	1.60%	2.00%	3.10%	3.80%
	—	35.60%	22.10%	—	—	—
	7.62%	0.00%	-5.50%	-7.10%	20.10%	—
	684.81%	696.10%	-26.10%	-40.20%	-3.20%	—
	—	-549.37	54.03	—	—	—
	—	-0.73	2.37	—	—	—
	—	1.11	1.64	—	—	—
	—	1,681	1,538	—	—	—
	—	168.9	137.4	—	—	—
Balance sheet
	—	4,077	3,542	—	—	—
	—	3,063	2,699	—	—	—
	—	15.72	21.60	—	—	—
	—	422.63	426.95	—	—	—
	—	2,402	2,008	—	—	—
	—	153.91	130.89	—	—	—
	—	626.68	536.74	—	—	—
	—	561.62	594.96	—	—	—
	—	2,216	2,418	—	—	—
	—	1,697	1,559	—	—	—
	—	1,431	1,452	—	—	—
	—	265.63	107.25	—	—	—
	—	1,522	949.62	—	—	—
Cash flow
	—	-440.98	180.09	—	—	—
	—	471.94	-123.74	—	—	—
	—	-36.84	-85.76	—	—	—
	—	108.39	126.06	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,326	1,218	1,300	1,144	1,102	1,119	1,282	1,304	1,258	1,257	1,188	1,381
	112.18	514.44	9.49	7.72	42.49	8.11	2.71	3.59	3.72	3.86	5.70	3.39
	1,438	1,732	1,310	1,152	1,145	1,127	1,285	1,308	1,262	1,261	1,194	1,384
	1,374	1,293	1,278	1,117	1,101	1,097	1,255	1,276	1,233	1,217	1,171	1,353
	954.01	899.27	986.47	876.35	812.76	686.03	833.66	896.82	833.36	853.91	780.58	852.33
	0.00	0.00	0.00	0.00	0.00	0.00	0.66	0.68	0.44	0.39	0.06	0.05
	49.20	48.70	54.22	49.47	47.02	54.41	58.06	57.12	56.01	52.49	63.40	51.55
	34.07	37.22	38.44	36.28	32.64	33.30	31.55	32.75	31.95	31.54	33.50	33.04
	13.71	14.00	13.64	13.40	13.29	13.17	12.27	13.24	10.79	11.92	12.11	12.08
	337.34	313.29	323.45	318.26	303.50	315.57	—	—	182.33	155.48	—	—
	64.19	439.16	31.91	34.95	44.11	29.96	30.40	32.08	28.80	44.69	23.53	30.44
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	64.19	439.16	31.91	34.95	44.11	29.96	30.40	32.08	28.80	44.69	23.53	30.44
	2.86	121.21	10.56	9.99	8.64	12.57	14.26	7.43	6.39	14.27	2.20	6.09
	61.33	567.76	17.21	15.90	33.82	17.39	16.14	24.65	22.41	30.42	21.33	24.35
	4.24	39.29	1.48	1.73	2.45	1.20	1.12	1.71	1.55	2.11	1.48	1.68
Key metrics
	111.97	490.38	83.99	84.63	90.04	76.43	74.22	78.07	71.54	88.15	69.14	75.56
	8.40%	40.30%	6.50%	7.40%	8.20%	6.80%	5.80%	6.00%	5.70%	7.00%	5.80%	5.50%
	4.60%	46.60%	1.30%	1.40%	3.10%	1.60%	1.30%	1.90%	1.80%	2.40%	1.80%	1.80%
	—	23.70%	—	4.90%	—	5.60%	—	—	—	—	—	—
	20.30%	8.90%	1.40%	-12.30%	-12.40%	-11.00%	7.90%	-5.50%	—	—	—	—
	81.30%	3,164.90%	6.60%	-35.50%	50.90%	-42.80%	-24.30%	1.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	4,988	4,762	4,912	5,218	5,618	4,623
	643.83	574.14	18.13	15.60	585.11	39.12
	5,632	5,336	4,930	5,233	6,203	4,662
	5,062	4,786	4,801	5,105	6,009	4,557
	3,716	3,575	3,213	3,437	3,996	3,105
	0.00	0.00	0.00	0.81	1.07	2.47
	201.59	199.41	225.65	218.76	204.57	190.31
	146.01	144.58	129.63	131.47	175.17	132.04
	54.75	54.33	50.62	48.18	51.19	44.78
	1,292	1,256	1,324	651.10	—	—
	570.21	550.13	129.16	128.17	194.27	105.70
	0.00	0.00	0.00	—	—	—
	570.21	550.13	129.16	128.17	194.27	105.70
	144.62	92.02	42.21	24.50	8.79	16.42
	662.20	634.69	86.95	103.67	185.48	122.12
	46.74	44.44	6.02	7.17	12.84	8.64
Key metrics
	770.97	749.04	309.41	307.82	420.63	282.52
	15.46%	15.70%	6.30%	5.90%	7.50%	6.10%
	13.28%	13.30%	1.80%	2.00%	3.30%	2.60%
	—	34.50%	23.00%	—	—	—
	3.74%	-3.00%	-5.90%	-7.10%	21.50%	—
	619.78%	629.90%	-16.10%	-44.10%	51.90%	—
	—	-584.15	43.70	—	—	—
	—	-0.82	1.94	—	—	—
	—	1.00	1.62	—	—	—
	—	1,681	1,538	—	—	—
	—	169.4	137.3	—	—	—
Balance sheet
	—	4,180	3,535	—	—	—
	—	2,957	2,690	—	—	—
	—	15.36	21.49	—	—	—
	—	373.53	434.07	—	—	—
	—	2,384	2,008	—	—	—
	—	112.32	114.52	—	—	—
	—	455.22	528.80	—	—	—
	—	546.16	594.34	—	—	—
	—	2,168	2,408	—	—	—
	—	1,697	1,559	—	—	—
	—	1,431	1,452	—	—	—
	—	265.63	107.25	—	—	—
	—	1,694	959.82	—	—	—
Cash flow
	—	-517.91	168.94	—	—	—
	—	531.49	-122.33	—	—	—
	—	-19.71	-75.49	—	—	—
	—	66.24	125.24	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -5.36%
Sales CAGR 5Y: —
Profit CAGR 3Y: +50.69%
Profit CAGR 5Y: —
Sales YoY (TTM): +3.74%
Profit YoY (TTM): +619.78%

Consolidated

Sales CAGR 3Y: -4.23%
Sales CAGR 5Y: —
Profit CAGR 3Y: +52.07%
Profit CAGR 5Y: —
Sales YoY (TTM): +7.62%
Profit YoY (TTM): +684.81%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.67%

Quarter	September 2026	June 2026
Promoter %	74.67%	74.67%

Holder	Type	Holding	Previous	Change
JAMNALAL SONS PRIVATE LIMITED	Promoter Group	19.92%	19.92%	0.00%
BARODA INDUSTRIES PRIVATE LIMITED	Promoter Group	12.69%	12.69%	0.00%
BACHHRAJ & CO PRIVATE LIMITED	Promoter Group	10.35%	10.35%	0.00%
BAJAJ SEVASHRAM PRIVATE LIMITED	Promoter Group	9.62%	9.62%	0.00%
NIRAJ BAJAJ	Promoter	8.27%	8.27%	0.00%
BAJAJ HOLDINGS AND INVESTMENT LTD	Promoter Group	5.63%	5.63%	0.00%
BACHHRAJ FACTORIES PRIVATE LIMITED	Promoter Group	4.86%	4.86%	0.00%
SIDDHANT COMMERCIALS PRIVATE LIMITED	Public	2.48%	2.48%	0.00%
GROUP COMPANIES WELFARE FUNDS	Public	1.56%	1.56%	0.00%
SANRAJ NAYAN INVESTMENTS PRIVATE LIMITED	Promoter Group	1.55%	1.55%	0.00%
SHEKHAR BAJAJ	Promoter	0.49%	0.49%	0.00%
MANISH SANTOSHKUMAR KEJRIWAL	Promoter Group	0.20%	0.20%	0.00%
KUMUD BAJAJ (A/C NIMISHA BAJAJ FAMILY TRUST)	Promoter Group	0.17%	0.17%	0.00%
KUMUD BAJAJ (A/C NEELIMA BAJAJ FAMILY TRUST)	Promoter Group	0.17%	0.17%	0.00%
MINAL BAJAJ	Promoter Group	0.14%	0.14%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
Mukand Ltd.	2,155	149.15	3.41	35.60%	+7.62% TTM	+684.81% TTM	+9.35%

Filings & corporate actions

Recent announcements

Mukand Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve We hereby inform you that a meeting ....12 Oct 2026 · Board Meeting / Board Meeting
Compliance Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30,2026.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Clarification of Price Movement29 Sep 2026 · Company Update / General
The Exchange has sought clarification from Mukand Ltd on September 29, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....29 Sep 2026 · Company Update / Clarification
Closure of Trading window for the quarter ended September 30, 2026.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under Regulation 30 (LODR) - Update (Sale of land at Kalwa)19 Aug 2026 · Company Update / General
Revision in Credit Rating17 Aug 2026 · Company Update / Credit Rating
News Paper Publication13 Aug 2026 · Company Update / Newspaper Publication
Submission of Voting Results of 88th AGM.12 Aug 2026 · AGM/EGM / AGM
Outcome of the 88th Annual General Meeting (AGM)12 Aug 2026 · AGM/EGM / AGM
Submission of Unaudited Results for the quarter ended June 30th, 2026.12 Aug 2026 · Result / Financial Results
Outcome of Board Meeting12 Aug 2026 · Board Meeting / Outcome of Board Meeting
News Paper advertisement with respect to 88th Annual General Meeting.22 Jul 2026 · Company Update / Newspaper Publication
Please find enclosed herewith a copy of Letter to the shareholders providing the weblink, including the exact path, where complete details of the Annual Report 2025-26.22 Jul 2026 · Company Update / General
Intimation of Record Date21 Jul 2026 · Company Update / General
We wish to inform you that the 88th Annual General Meeting of the Company is Schedule to be held on Wednesday, August 12, 2026 at 11.30 a.m., (IST) through Video Conferencing (''VC'') facility/ ....20 Jul 2026 · AGM/EGM / AGM
In terms of the provisions of Regulation 34 of SEBI LODR,2015 Please find enclosed herewith the Annual Report of the Company for the Financial Year 2025-26 along with the Notice of the ....20 Jul 2026 · Others / Reg. 34 (1) Annual Report
Execution of Term Sheet for Sale of 9.20 acres land at Kalwa.15 Jul 2026 · Company Update / General
News Paper Advertisement with respect to 88th Annual General Meeting.15 Jul 2026 · Company Update / Newspaper Publication
Mukand Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve We hereby inform you that a meeting ....10 Jul 2026 · Board Meeting / Board Meeting
Compliance certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended June 30, 20268 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the quarter ended 30th June, 2026.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Nees Paper Publication16 May 2026 · Company Update / Newspaper Publication
Board Approve Dividend14 May 2026 · Corp. Action / Dividend
Announcement under Regulation (LODR)-Dividend Update14 May 2026 · Corp Action / Dividend Updates
Results-Financial Results for March 31, 202614 May 2026 · Result / Financial Results
Outcome of Board Meeting14 May 2026 · Board Meeting / Outcome of Board Meeting
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Execution of deeds of Conveyance for sale of land at Kalwa and Dighe.12 May 2026 · Company Update / General
Mukand Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/05/2026 ,inter alia, to consider and approve a) to consider and approve the Audited ....13 Apr 2026 · Board Meeting / Board Meeting
Please find enclosed herewith a Certificate issued under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations.7 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''> <tr> <td>Sr. No.</td> <td>Particulars</td> ....3 Apr 2026 · Others / Format of the Annual Disclosure to be made by an entity identified as a LC : Annexure B2
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....3 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Intimation regarding completion of Slump Sale pursuant to Business Transfer Agreement entered with Mukand Heavy Engineering Limited, Wholly Owned Subsidiary of Mukand Limited for transfer ....31 Mar 2026 · Company Update / General
Pursuant to Regulation 30 of SEBI (Listing Obligation ad Disclosure Requirements_ Regulations, 2015 - Execution of Deeds of Conveyance for sale of land at Dighe, Thane, Maharashtra.27 Mar 2026 · Company Update / General
Closure of Trading Window for the quarter and year ended March 31, 2026.25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Outcome of Shareholders Meeting-Postal Ballot23 Mar 2026 · AGM/EGM / Postal Ballot
Advertisement of Postal Ballot Notice published in News Papers23 Feb 2026 · Company Update / Newspaper Publication
Advertisement of Postal Ballot Notice published in News Papers20 Feb 2026 · Company Update / Newspaper Publication
Intimation of Postal Ballot Notice to the Members19 Feb 2026 · AGM/EGM / Postal Ballot
Newspaper Publication of Financial Result for the quarter and nine months ended December 31, 202516 Feb 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 3.0000	7 Aug 2026	7 Aug 2026	—
Final Dividend - Rs. - 2.0000	25 Jul 2025	25 Jul 2025	—
Final Dividend - Rs. - 2.0000	26 Jul 2024	—	—

Board meetings

12 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results