Mukand Limited

NSE: MUKANDLTD · Unclassified

₹148.98-0.86%06 Nov 2026

Check figures: unusual quarterly results in MAR '26 (₹554.98 cr vs a typical ₹13.94 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Mukand Limited — computed from its filings, no language model

Market cap₹2,153 cr

Current price₹148.98

High / Low₹186 / ₹116

P/E3.5

P/B1.41

Book value₹105.3

ROE40.9%

ROCE21.3%

Debt / equity1.11

Dividend yield1.34%

EPS (TTM)₹43.06

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,923	2,726	4,637	5,568	5,175	4,890	4,890
EBITDA	124	-449	254	-177	292	284	171
Operating margin	4.3%	-16.5%	5.5%	-3.2%	5.6%	5.8%	3.5%
Interest	364	332	161	177	131	130	150
Depreciation	75	69	45	52	50	51	62
Profit before tax	-247	-101	164	179	127	118	512
Tax	-57	49	-15	0	24	42	-92
Net profit	-240	0	177	172	0	0	604
EPS ₹	-16.96	-14.41	12.55	11.89	7.11	5.24	41.81
Operating cash flow	—	—	-92	106	10	180	-441
Capex	—	—	231	61	48	126	108
Dividend paid	—	—	14	22	29	29	29
Total assets	—	—	—	3,178	3,046	3,542	4,077
Equity	—	—	—	854	921	950	1,522

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	668	646	766	312	693	798	924	792	1,192	1,324	1,328	1,462	1,462	1,330	1,312	1,382	1,377	1,177	1,239	1,258	1,263	1,262	1,107	1,129	1,161	1,331	1,269	1,362
Operating profit	28	35	17	-45	-4	50	-450	41	56	69	88	80	47	75	-379	77	70	62	83	71	76	72	65	47	69	72	-17	7
Operating margin	4.2%	5.4%	2.2%	-14.4%	-0.6%	6.3%	-48.7%	5.2%	4.7%	5.2%	6.6%	5.4%	3.2%	5.6%	-28.8%	5.6%	5.1%	5.3%	6.7%	5.6%	6.0%	5.7%	5.9%	4.2%	6.0%	5.4%	-1.4%	0.5%
Other income	19	8	23	11	10	90	637	82	4	25	4	3	22	7	554	3	3	6	4	4	3	2	6	39	3	4	508	105
Interest	89	93	94	95	94	84	59	39	38	40	44	43	46	51	38	33	33	34	31	32	33	32	33	34	38	40	39	34
Depreciation	18	19	20	19	19	18	12	11	11	11	11	11	12	14	15	12	12	12	12	11	14	13	13	14	14	16	18	18
Profit before tax	-60	-70	-74	-148	-107	39	115	73	12	43	37	28	12	16	123	34	28	22	43	32	33	29	24	38	20	21	434	60
Tax	-18	-23	-3	-45	-32	-25	151	-7	-2	7	-14	6	0	-3	-3	3	5	3	14	7	7	14	13	9	10	11	-121	3
Net profit	-54	0	-83	0	-83	0	0	77	18	35	48	29	0	19	125	31	23	0	0	0	0	0	0	0	10	0	555	57
EPS ₹	-3.84	-4.67	-5.90	-8.77	-5.87	4.56	-4.34	5.43	1.27	2.48	3.37	1.98	0.17	1.30	8.68	2.14	1.61	1.34	2.01	1.68	1.78	1.03	0.75	2.01	0.68	0.71	38.51	3.97
Revenue YoY	—	—	—	—	3.6%	23.5%	20.6%	154.0%	72.2%	65.9%	43.8%	84.6%	22.6%	0.5%	-1.2%	-5.5%	-5.9%	-11.6%	-5.6%	-9.0%	-8.3%	7.3%	-10.7%	-10.3%	-8.1%	5.5%	14.7%	20.7%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	-62.8%	-100.0%	-46.5%	163.3%	8.3%	—	-100.0%	-100.0%	-100.0%	-100.0%	—	—	—	—	—	—	—

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Mukand Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	2,591	2,136	2,539	2,820	2,732	2,697	3,367	3,588
Operating profit	178	136	210	338	333	329	192	150
Operating margin	6.9%	6.3%	8.3%	12.0%	12.2%	12.2%	5.7%	4.2%
Other income	2	5	33	20	20	28	281	79
Interest	182	232	244	266	277	280	359	303
Depreciation	64	64	67	75	74	71	63	58
Profit before tax	-108	-48	-123	2	2	6	38	-132
Tax	-15	-8	-35	1	1	48	-12	-48
Net profit	-94	-39	-88	2	2	-42	50	-84

Quarters

showing latest 8 of 44 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	474	477	559	594	389	441	523	478	553	597	666	681	591	651	669	628	525	464	519	597	624	620	698	678	764	718	660	681	709	663	679	678	679	652	688	905	843	790	828	820	993	935	840	822
Operating profit	57	58	59	58	-20	67	72	72	74	40	64	66	17	71	24	28	13	41	54	48	50	53	59	69	86	94	89	77	85	82	90	95	101	83	50	108	102	38	-55	43	46	46	15	38
Operating margin	12.1%	12.2%	10.5%	9.7%	-5.1%	15.1%	13.7%	15.1%	13.3%	6.6%	9.7%	9.8%	2.9%	10.8%	3.7%	4.5%	2.4%	8.9%	10.4%	8.1%	8.0%	8.5%	8.5%	10.1%	11.3%	13.1%	13.5%	11.2%	12.0%	12.4%	13.2%	14.0%	14.8%	12.8%	7.3%	11.9%	12.1%	4.8%	-6.7%	5.2%	4.6%	4.9%	1.8%	4.6%
Other income	7	3	3	1	0	0	0	1	2	39	2	1	1	0	0	1	1	0	3	3	3	23	4	13	3	2	2	2	3	8	6	3	3	14	7	2	2	3	273	10	13	12	45	16
Interest	28	26	32	35	26	36	39	41	42	38	39	43	44	46	50	67	50	53	63	62	57	63	62	60	66	70	71	69	69	70	69	68	70	71	70	110	112	67	69	72	73	76	83	82
Depreciation	15	15	14	15	15	14	15	17	16	16	17	16	14	17	17	16	16	16	17	16	17	17	17	18	18	19	19	18	18	19	19	17	18	18	18	17	17	14	16	14	14	16	14	18
Profit before tax	21	29	15	1	-68	14	16	15	17	25	11	8	-66	-9	-42	-54	56	-28	-22	-40	-37	-15	-30	1	2	5	-6	-8	1	1	8	13	16	8	-31	-17	-25	-49	129	-33	-28	-34	-37	-46
Tax	7	10	4	-0	-15	-0	0	-0	3	7	4	3	-17	-0	0	-16	16	-8	0	-5	-6	-2	-22	0	1	1	-2	-2	-0	1	2	3	10	6	29	-4	-6	-15	13	-11	-9	-14	-14	-14
Net profit	14	19	11	1	-53	14	16	15	14	17	7	6	-49	-9	-42	-38	40	-19	-22	-35	-31	-13	-9	0	2	4	-4	-6	1	0	6	10	6	2	-60	-13	-18	-34	116	-22	-20	-20	-22	-32
EPS ₹	1.93	2.60	1.53	0.20	-7.29	1.96	2.23	2.08	1.93	2.39	0.97	0.80	-6.73	-1.16	-5.69	-5.15	5.44	-2.64	-3.05	-4.75	-4.27	-1.82	—	0.25	0.12	0.25	-0.29	-0.40	0.07	0.02	0.43	0.73	0.43	0.15	-4.26	—	-1.31	-2.41	—	-1.57	-1.38	-1.43	-1.57	-2.27
Revenue YoY	—	—	—	25.4%	-18.4%	-21.1%	-12.0%	22.7%	25.4%	14.1%	39.5%	23.0%	-1.0%	-2.3%	—	-7.8%	-11.1%	-28.7%	-22.4%	-4.9%	18.7%	33.7%	34.4%	13.6%	22.4%	15.8%	-5.5%	0.4%	-7.2%	-7.6%	3.0%	-0.5%	-4.2%	-1.7%	1.4%	33.6%	24.1%	21.1%	20.3%	-9.4%	17.7%	18.4%	1.4%	0.2%
Profit YoY	—	—	—	-89.8%	-380.7%	28.3%	1032.6%	—	-1.7%	7.2%	-53.2%	-58.5%	-381.6%	-220.0%	—	-744.1%	—	—	—	—	-178.4%	—	—	—	—	—	—	-1559.0%	-42.0%	-91.8%	—	—	499.0%	641.4%	-1101.2%	-226.8%	-405.6%	-1686.5%	—	—	—	—	-119.1%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 25 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	15.1%	12.9%	20.2%	20.5%	22.6%	20.4%	5.9%	2.5%	0.0%	0.0%	0.0%	0.0%	1.0%	1.0%	37.1%	40.9%
ROCE	—	—	—	—	—	—	—	—	—	9.8%	9.3%	15.1%	14.9%	15.0%	14.5%	10.7%	10.6%	10.7%	10.9%	9.9%	10.2%	8.9%	8.9%	20.6%	21.3%
Net margin	-5.8%	-6.9%	-6.5%	-3.0%	-0.2%	2.6%	3.1%	3.8%	2.4%	2.0%	1.7%	3.1%	3.2%	3.7%	3.4%	1.0%	0.5%	0.0%	0.0%	0.0%	0.0%	0.2%	0.2%	11.6%	12.1%
EBITDA margin	1.5%	0.1%	0.7%	-16.5%	-11.3%	-8.2%	-6.7%	5.5%	5.5%	5.1%	5.2%	-3.2%	-3.3%	-2.9%	-3.2%	5.6%	5.7%	5.9%	6.0%	5.8%	5.5%	5.4%	5.4%	3.5%	2.6%
Debt / equity	—	—	—	—	—	—	—	—	—	3.04	3.04	1.76	1.76	1.70	1.70	1.62	1.62	1.57	1.57	1.64	1.64	1.89	1.89	1.11	1.11
Interest coverage	0.05	-0.06	0.21	0.70	1.43	2.09	2.38	2.02	1.73	1.69	1.50	2.01	2.10	2.29	2.50	1.96	1.96	2.00	2.07	1.91	1.94	1.81	1.71	4.41	4.56
Asset turnover	—	—	—	—	—	—	—	—	—	1.41	1.42	1.75	1.73	1.81	1.75	1.70	1.66	1.54	1.56	1.38	1.34	1.23	1.25	1.20	1.26

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	145	145	145	145	145	145	145	144
Other equity / reserves	594	709	735	777	796	805	813	1,378
Total equity	739	854	879	921	940	950	958	1,522
Borrowings	2,246	1,505	1,497	1,489	1,480	1,559	1,811	1,697
Current liabilities	2,188	812	599	639	2,194	2,418	2,376	2,216
Non-current liabilities	1,016	1,512	1,514	1,486	78	174	443	339
Total assets	3,943	3,178	2,992	3,046	3,212	3,542	3,776	4,077
Property, plant & equipment	494	456	442	452	439	537	503	627
Capital work-in-progress	33	30	40	34	69	140	187	93
Investments	194	159	0	10	28	29	43	40
Inventories	1,742	1,549	1,515	1,590	1,764	2,008	2,173	2,402
Receivables	475	463	519	533	494	427	416	423
Cash & equivalents	33	39	5	51	8	22	6	16

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-92	106	10	180	-441
Cash from investing	300	619	99	-124	472
Cash from financing	-196	-728	-152	-86	-37
Capex	231	61	48	126	108
Free cash flow	-323	45	-38	54	-549
Dividends paid	14	22	29	29	29

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹627 cr15%

CWIP

₹93 cr2%

Investments

₹40 cr1%

Inventories

₹2,402 cr59%

Receivables

₹423 cr10%

Cash & equivalents

₹16 cr0%

Other assets

₹477 cr12%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Mukand Limited	2,153	148.98	3.5	1.41	40.9%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-19.9%

6 months+7.0%

1 year+2.7%

3Y CAGR-3.0%

5Y CAGR+1.8%

10Y CAGR+8.7%

50-day avg₹152.75

200-day avg₹138.40

RSI (14)29

FAQs

What is the share price of Mukand Limited?

Mukand Limited (MUKANDLTD) closed at ₹148.98 on NSE on 06 Nov 2026.

What is the market cap of Mukand Limited?

₹2,153 crore at the latest close.

What is the P/E ratio of Mukand Limited?

3.5, on trailing-twelve-month earnings from its filings.

How fast is Mukand Limited growing?

Mukand Limited: revenue has compounded at -4.2% a year over three years; net profit at 52.1% a year. Latest-quarter revenue is up 20.7% year on year.

How profitable is Mukand Limited?

On a trailing-twelve-month basis return on equity is 40.9%, return on capital employed 21.3%, operating margin 2.6%, net margin 12.1%.

How much debt does Mukand Limited have?

Mukand Limited is moderately geared: debt to equity is 1.11 with borrowings of ₹1,697 cr against cash of ₹16 cr (balance sheet of 2026-03-31). Operating profit covers interest 4.6 times.

Financials parsed from Mukand Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.