Mukand Ltd
Stock Snapshot
Price Performance
Vista Outlook
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Mukand Ltd's recent performance and outlook are shaped by a combination of management insights and industry dynamics. While management has not provided recent updates, the broader iron and steel industry is experiencing an expansion phase, driven by improving pricing power and rising demand for hot-rolled coil (HRC) products. This context is crucial as Mukand's revenue is expected to contract over the forecast period, yet profitability is anticipated to improve due to expanding margins. The company's competitive position remains stable, with a market share of approximately 0.67%, indicating a consistent presence in a fragmented market. Vista's financial outlook reflects these dynamics, projecting a slight revenue decline but improved margins, suggesting that operational efficiencies may offset top-line challenges. The valuation indicates a growth perspective, albeit categorized as a value trap, highlighting the need for cautious investment. Macro conditions in India, including robust manufacturing activity and favorable liquidity, support the industry's growth potential. However, watchpoints include geopolitical tensions and input cost volatility, which could impact margins. Over the next 12-24 months, Mukand's ability to navigate these challenges while capitalizing on domestic demand will be critical to its performance
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Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 5,175 | 4,890 | 4,890 | 5,349 | 5,053 |
| Profit Before Tax (Cr.) | 126 | 113 | 512 | 553 | 524 |
| PBT Margin | 2.4% | 2.3% | 1047.0% | 10.3% | 10.4% |
| Net Profit (Cr.) | 127 | 115 | 512 | 415 | 393 |
| Earnings Per Share | 8.8 | 8.0 | 35.4 | 28.7 | 27.2 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
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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, alloy, and stainless steel. Its Industrial Machinery and Engineering Contracts segment provides EOT and other cranes, steel structural, material handling equipment, and processing plant and equipment. The Others segment is involved in the road construction, property development, and non-banking financial activities. The company also provides engineering services, including design, procurement, project management, construction, and commissioning services. It serves the agriculture, automotive, construction, power generation, petrochemical, heavy equipment, infrastructure, and transportation industries, as well as the steel, power, decontamination, cement, hydrocarbon, defense, and non-ferrous industries. The company was formerly known as Mukand Iron & Steel Works Limited and changed its name to Mukand Limited in March 1989. Mukand Limited was incorporated in 1937 and is based in Mumbai, India.