Mukand Share Price ₹135 | P/E 3.2

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Mukand

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	1,312	1,382	1,377	1,177	1,239	1,258	1,263	1,262	1,107	1,129	1,161	1,329	1,269
Expenses +	1,691	1,305	1,307	1,114	1,156	1,187	1,187	1,190	1,042	1,081	1,091	1,257	1,287
Operating Profit	-379	77	70	62	83	71	76	72	65	47	69	72	-17
OPM %	-29%	6%	5%	5%	7%	6%	6%	6%	6%	4%	6%	5%	-1%
Other Income +	554	3	3	6	4	4	3	2	6	39	3	4	508
Interest	38	33	33	34	31	32	33	32	33	34	38	40	39
Depreciation	15	12	12	12	12	11	14	13	13	14	14	16	18
Profit before tax	123	34	28	22	43	32	33	29	24	38	20	21	434
Tax %	-2%	9%	16%	12%	33%	23%	24%	49%	55%	23%	50%	51%	-28%
Net Profit +	125	31	23	19	29	24	25	15	11	29	10	10	555
EPS in Rs	8.68	2.14	1.61	1.34	2.01	1.68	1.75	1.03	0.75	2.01	0.68	0.71	38.41

Financials of Mukand

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	3,016	2,953	2,713	3,436	3,689	2,923	2,726	4,643	5,568	5,175	4,890	4,890
Expenses +	2,643	2,593	2,351	3,216	3,542	2,848	3,228	4,404	5,739	4,882	4,605	4,719
Operating Profit	373	360	361	220	148	75	-502	239	-172	293	285	171
OPM %	12%	12%	13%	6%	4%	3%	-18%	5%	-3%	6%	6%	4%
Other Income +	-7	12	45	1,331	79	68	748	119	573	15	14	554
Interest	276	293	294	473	327	364	332	161	177	131	130	150
Depreciation	76	77	72	158	58	75	69	45	52	50	51	62
Profit before tax	13	2	42	920	-158	-296	-155	151	172	127	118	512
Tax %	12%	280%	127%	11%	-27%	-19%	32%	-17%	0%	18%	36%	-18%
Net Profit +	12	-6	-11	821	-115	-240	-204	176	172	104	76	604
EPS in Rs	0.79	-0.53	-0.80	58.06	-8.17	-16.96	-14.41	12.47	11.89	7.19	5.25	41.81
Dividend Payout %	0%	0%	0%	0%	0%	0%	-7%	12%	17%	28%	38%	10%

Financials of Mukand

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	141	141	141	141	141	141	141	145	145	145	145	145
Reserves	1,725	1,714	173	938	774	529	321	522	709	760	805	1,378
Borrowings +	2,621	2,852	2,979	2,124	2,575	2,755	2,076	2,036	1,505	1,489	1,559	1,697
Other Liabilities +	1,376	1,386	1,181	1,243	975	1,034	699	822	819	636	1,033	858
Total Liabilities	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,030	3,542	4,077
Fixed Assets +	2,461	2,429	693	562	505	516	447	484	488	452	539	632
CWIP	38	31	39	23	23	30	26	32	30	34	140	93
Investments	38	36	133	1,268	1,287	1,214	528	128	159	10	29	40
Other Assets +	3,326	3,597	3,609	2,594	2,650	2,700	2,236	2,880	2,501	2,534	2,833	3,312
Total Assets	5,863	6,093	4,474	4,447	4,465	4,460	3,237	3,524	3,178	3,030	3,542	4,077

Financials of Mukand

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	19	135	319	894	-56	150	-328	-102	106	65	180	-441
Cash from Investing Activity +	-11	-35	-36	88	7	12	1,345	280	619	99	-124	472
Cash from Financing Activity +	-10	-94	-283	-987	40	-159	-997	-166	-728	-152	-86	-37
Net Cash Flow	-3	5	-0	-5	-9	2	20	12	-3	12	-29	-6
Free Cash Flow	-6	97	283	980	-50	129	302	-319	726	12	74	40
CFO/OP	1%	41%	90%	412%	-36%	205%	69%	-37%	-66%	23%	61%	-255%

Financials of Mukand

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	122	144	137	31	45	52	69	39	30	38	32	32
Inventory Days	380	417	456	220	227	309	217	184	144	173	240	278
Days Payable	230	238	294	196	138	172	84	64	50	48	71	65
Cash Conversion Cycle	273	323	299	56	134	189	203	159	125	163	201	245
Working Capital Days	87	104	119	-15	53	77	155	41	97	119	20	62
ROCE %	7%	7%	8%	4%	5%	2%	-18%	8%	-8%	11%	10%	23%

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Mukand Share Price & Earnings Call Analysis