| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,362 | 1,129 | +20.7% |
| EBITDA | 7.2 | 47.3 | −84.8% |
| EBITDA margin | 0.5% | 4.2% | −3.7 pts |
| Profit before tax | 60.2 | 37.7 | +59.9% |
| Net profit | 57.4 | 29.0 | +97.6% |
| EPS | ₹3.97 | ₹2.01 | +97.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,162 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 27.5 | 27.5 | 22.8 | 51.0 | 197 | ||
| 1,697 | 1,697 | 1,559 | 1,489 | 1,505 | ||
| 3,831 | — | — | — | — | ||
| 5,123 | 4,890 | 4,890 | 5,175 | 5,568 | ||
| — | −0.0% | −5.5% | −7.1% | — | ||
| 131 | 171 | 284 | 292 | −177 | ||
| 2.6% | 3.5% | 5.8% | 5.6% | −3.2% | ||
| 65.0 | 109 | 234 | 242 | −229 | ||
| 632 | 604 | 75.9 | 103 | 172 | ||
| 12.3% | 12.4% | 1.6% | 2.0% | 3.1% | ||
| ₹43.77 | ₹41.81 | ₹5.25 | ₹7.11 | ₹11.89 | ||
| — | +696.1% | −26.1% | −40.2% | — | ||
| — | −441 | 180 | 10.2 | 106 | ||
| — | −108 | −126 | −47.7 | −61.0 | ||
| −549 | −549 | 54.0 | −37.5 | 44.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,162.3 | |
| - Cash, Equiv & ST Investments | 197.0 | 51.0 | 22.8 | 27.5 | 27.5 | |
| + Total Debt | 1,504.6 | 1,489.1 | 1,559.3 | 1,696.7 | 1,696.7 | |
| Enterprise Value | — | — | — | — | 3,831.5 | |
| Revenue | 5,567.6 | 5,174.8 | 4,890.0 | 4,889.8 | 5,123.3 | |
| Growth %, YoY | — | -7.1 | -5.5 | -0.0 | — | |
| EBITDA | -177.1 | 292.0 | 284.2 | 171.0 | 131.0 | |
| Margin % | -3.18 | 5.64 | 5.81 | 3.50 | 2.56 | |
| EBIT | -229.4 | 242.3 | 233.5 | 108.6 | 65.0 | |
| Net Income | 171.8 | 102.7 | 75.9 | 604.2 | 632.5 | |
| Margin % | 3.09 | 1.98 | 1.55 | 12.36 | 12.35 | |
| EPS, Adj (current shares) | 11.89 | 7.11 | 5.25 | 41.81 | 43.77 | |
| Growth %, YoY | — | -40.2 | -26.1 | +696.1 | — | |
| Cash from Operations | 105.9 | 10.2 | 180.1 | -441.0 | — | |
| Capital Expenditures | -61.0 | -47.7 | -126.1 | -108.4 | — | |
| Free Cash Flow | 44.9 | -37.5 | 54.0 | -549.4 | -549.4 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Mukand (NSE: MUKANDLTD) had a market capitalisation of ₹2,044 crore at the 30 October 2026 close (₹141.45 a share), a PE ratio of 3.2 on the last four quarters' profit and a price-to-book ratio of 1.34. In FY26 its consolidated net profit was ₹604 crore on revenue of ₹4,890 crore; in Q1 FY27 (April–June 2026) it was ₹57.4 crore, up 97.6% year on year. Its debt-to-equity ratio was 1.11 on 31 March 2026. Promoters held 74.70% of the shares on 30 September 2026.
Mukand's PE ratio is 3.2 at the 30 October 2026 close (₹141.45 a share): a market capitalisation of ₹2,044 crore divided by consolidated net profit of ₹632 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹604 crore) it is 3.4.
Mukand's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,522 crore on 31 March 2026, up 60.3% from ₹950 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,044 crore at the 30 October 2026 close.
Mukand's book value per share was ₹105.34 on 31 March 2026: shareholders' equity of ₹1,522 crore divided by the 14.45 crore shares in issue, up 60.3% from ₹65.71 a year earlier. The share price at the 30 October 2026 close was ₹141.45.
Mukand's price-to-book (PB) ratio is 1.34 at the 30 October 2026 close: a market capitalisation of ₹2,044 crore divided by shareholders' equity (book value) of ₹1,522 crore on 31 March 2026. That is a book value of ₹105.34 per share against a share price of ₹141.45.
In FY26, Mukand's return on equity (ROE) was 48.9% and its return on capital employed (ROCE) was 7.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 8.1% and ROCE 13.2%.
Mukand's dividend yield is 2.12% at the 30 October 2026 close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹141.45. They were ₹3 on 7 August 2026 (special).
Mukand's market capitalisation was ₹2,044 crore at the 30 October 2026 close: 14.45 crore shares at ₹141.45 each.
Mukand's basic earnings per share (EPS) were ₹41.81 in FY26, against ₹5.24 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹43.87.
In 2026, Mukand has declared one dividend: ₹3 (special) with record date 7 August 2026.
No. Mukand had borrowings of ₹1,697 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.11. Its cash and current investments were ₹31.7 crore, so its net debt was ₹1,665 crore.
Mukand's debt-to-equity ratio was 1.11 on 31 March 2026: borrowings of ₹1,697 crore against total equity of ₹1,522 crore. A year earlier, on 31 March 2025, it was 1.64.
Promoters held 74.70% of Mukand on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Mukand's shares were held by promoters 74.70%, foreign portfolio investors (FII/FPI) 0.18%, domestic institutions (DII) 0.41% (including mutual funds at 0.00%) and retail and other non-institutional investors 24.71%. Over the year, FII holding was down 0.01 percentage points from 0.19% and DII holding was down 0.69 percentage points from 1.10%.
On FY26 consolidated figures, against MSP Steel & Power, Ratnaveer Precision Engineering and Hi-Tech Pipes: Mukand's operating margin of 2.2% is the lowest of the four (MSP Steel & Power 4.3%, Ratnaveer Precision Engineering 8.1%, Hi-Tech Pipes 3.5%; peer average 5.3%); its return on equity of 48.9% is the highest of the four (MSP Steel & Power 3.4%, Ratnaveer Precision Engineering 12.4%, Hi-Tech Pipes 5.9%; peer average 7.2%).
At the 30 October 2026 closing prices, on FY26 net profit, Mukand's PE ratio is 3.4, the lowest of the four: MSP Steel & Power 49.7, Ratnaveer Precision Engineering 47.0 and Hi-Tech Pipes 18.3, a peer average of 38.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Mukand generated ₹441 crore of cash from operations and spent ₹108 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹549 crore. In FY25 it was ₹54 crore.
Mukand's latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹57.4 crore, up 97.6% from ₹29 crore in Q1 FY26; revenue from operations ₹1,362 crore, up 20.7% year on year.
In FY26 (April 2025–March 2026), Mukand's consolidated net profit was ₹604 crore, up 696.1% from ₹75.9 crore in FY25, on revenue from operations of ₹4,890 crore (unchanged). Over three years, from FY23, net profit was up 251.7%.
Mukand will announce its Q2 FY27 results (July–September 2026) on Thursday, 12 November 2026, the date of the board meeting it has notified to the exchanges.
In FY26, Mukand earned net profit of ₹604 crore on revenue of ₹4,890 crore, against ₹33.8 crore on ₹2,843 crore for MSP Steel & Power. Mukand's operating margin was 2.2% (MSP Steel & Power 4.3%) and its return on equity 48.9% (MSP Steel & Power 3.4%). At the 30 October 2026 close, Mukand's market capitalisation was ₹2,044 crore against ₹1,680 crore for MSP Steel & Power, and its PE ratio on FY26 profit 3.4 against 49.7.
From Mukand's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.