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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Mukand Limited is an India-based company, which is engaged in manufacturing of special alloy steel/stainless steel, billets, bars, rods, wire rods, electric overhead travelling (EOT) cranes, material handling equipment, other industrial machinery, comprehensive engineering…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, trading cheap versus its own history — but flagged on governance.
Mukand is scored on the commodity / cyclical framework. It keeps a healthy 11.1% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.73×) — worth a closer look. Free cash flow is worth about 1.4% of its market value.
Over the last 3 years revenue compounded at -4%/yr and profit at 52%/yr. Book value itself has compounded 21%/yr — the hallmark of a genuine compounder. Return on equity is an elite 39.7%. In the latest quarter profit fell 90% versus the prior quarter.
At 4× earnings, the stock sits at the 15th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-17%/yr growth over a decade — undemanding expectations. The forensic screen raises 2 red flags: Only ₹-0.09 of cash per ₹1 profit over 4 years — earnings not converting to cash; 108% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 3.4 | 20.39 | better |
| P/B | 1.41 | 2.07 | better |
| EV/EBITDA | 5.12 | 10.9 | better |
| ROE | 39.69 | 18.07 | better |
| ROCE | 20.49 | 9.84 | better |
| ROA | 15.51 | 3.5 | better |
| Quick Ratio | 0.3 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (52% vs -4%) — margin expansion is at work. The latest year saw a +696% swing — check if it's a one-off or structural.
Operating margin has expanded from 3% to 9% — the business is keeping more of each rupee earned. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 40% — the business earns well above its cost of equity. Capital efficiency improving — ROE up 20pp across the window.
52% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 17% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (35% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 30% above earlier ones.
Profit fell 90% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (1% → 4%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 74.7% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.