Mukand Limited (MUKANDLTD) Fair Value & Analysis

Basic Materials · IN · Market cap ₹19.8B

Below-average quality, screening 188% undervalued on our models.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case (₹267.38). The market is more pessimistic than our downside scenario.
• A fairly wide model range (₹267.38 to ₹628.83) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ₹82.66 – ₹196.28 · fair‑value band ₹267.38 – ₹628.83 · the ₹137.15 price screens below the ₹394.30 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Mukand Limited (MUKANDLTD) currently trades at ₹137.15, while our model-based Fair Value estimate is ₹394.30, implying the stock looks roughly 187.5% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Mukand Limited generated revenue of ₹46.6B at a net margin of 1.4%. Revenue declined 8.1% year over year. It earns a return on equity of 6.9%. Net debt stands at ₹16.8B. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹267.38 (bear case) to ₹628.83 (bull case); at ₹137.15, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 188%, MUKANDLTD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹542.54) versus Earnings-Based (₹41.28). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Mukand Limited engages in the manufacture and sale of alloy and stainless steel products in India and internationally. The company operates through Steel, Industrial Machinery and Engineering Contracts, and Others segments.

Full company description

Mukand Limited engages in the manufacture and sale of alloy and stainless steel products in India and internationally. The company operates through Steel, Industrial Machinery and Engineering Contracts, and Others segments. The Steel segment offers billets, blooms, rounds, wire rods, bars, rods and sections, bright bars, and wires of special and alloy steel and stainless steel. The 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. Mukand Limited was formerly known as Mukand Iron & Steel Works Limited and changed its name to Mukand Limited in March 1989. The company was incorporated in 1937 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mukand Limited reported revenue of ₹48.5B in FY2026 versus ₹46.0B in FY2022, a compound +1.3%/yr. Reported net income was ₹6.0B in FY2026, compounding +35.8%/yr from FY2022.

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Peer Group

Steel · 388 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.