Mukand Limited

BSE: 500460 NSE: BE : MUKANDLTD
Mukand Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L99999MH1937PLC002726 Incorporated 29 November 1937 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: BE : MUKANDLTD · BSE: 500460 Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2026
₹4,889.83 Cr
▲ 0% YoY
EBITDA · FY 2026
₹724.73 Cr
▲ 142.66% YoY
Net profit · FY 2026
₹604.15 Cr
▲ 696.09% YoY
Authorised capital
₹210.1 Cr
Registered with MCA
Paid-up capital
₹144.5 Cr
Issued & subscribed
Open charges
₹369.12 Cr
Satisfied ₹4,772.33 Cr
Company age
89 yrs
Est. 1937
Employees · EPFO
2,341
Latest available

About Mukand Limited

Data last updated: 22 March 2026

Mukand Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in material handling and storage equipment, a part of the broader machinery and industrial equipment sector. Incorporated on 29 November 1937, the company has been in operation for over 89 years.

Registered with ROC Mumbai under CIN L99999MH1937PLC002726. Listed on BSE: 500460 and NSE: BE : MUKANDLTD.

Capital: an authorised share capital of ₹210.1 Cr and a paid-up capital of ₹144.5 Cr. Formerly known as Mukand Lron & Steel Works Limited. It is led by directors including Arvind Madhav Kulkarni and Niravnayan Niraj Bajaj.

Last AGM: 08 August 2025. Financial statements filed for year ended 31 March 2025. Office: Bajaj Bhavanjamnalal Bajaj Marg 226 Nariman Point, Mumbai, Maharashtra, India – 400021.

As per the financials filed for FY 2025, the company reported a revenue of ₹4,904.42 Cr, a decline of 6% compared to the previous year.

The company has a workforce of approximately 2,341 employees as per the latest available data. Its group structure includes 1 subsidiary and 1 joint venture.

The company is associated with 1 brand - Mukand. As per MCA filings, the company has open charges of ₹369.12 Cr and satisfied charges of ₹4,772.33 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mukand.com.

Company Details of Mukand Limited
CIN L99999MH1937PLC002726
Registration Number 002726
Incorporation Date 29 November 1937
ROC Mumbai
Listing Status Listed (BSE: 500460, NSE: BE : MUKANDLTD)
Company Status Active
Date of Last AGM 08 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Nirajkumar Ramkrishnaji Bajaj Managing Director Niravnayan Niraj Bajaj Whole-Time Director Arvind Madhav Kulkarni Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    mukand.com
  • Social Media
    **************
  • Registered Address
    Bajaj Bhavanjamnalal Bajaj Marg 226 Nariman Point, Mumbai, Maharashtra, India – 400021
  • Industry
    Machinery and Equipment, Material Handling & Storage Equipment
Company report
Mukand Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Mukand Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Mukand Limited

Mukand Limited operates one associated brand: Mukand. These brands represent Mukand Limited's diversified market presence and brand portfolio.

Brand Description Website
Mukand
Manufacturer of alloy steel, stainless steel, and heavy machinery mukand.com

Business Activity of Mukand Limited

Mukand Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products *********

Auditor Details of Mukand Limited

Mukand Limited is audited by DHC & Co. (ICAI peer reviewed, certificate valid till 2028-10-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
DHC & Co. (ICAI peer reviewed, certificate valid till 2028-10-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Mukand Limited

Mukand Limited is currently managed by 8 directors, with 25 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Arvind Madhav Kulkarni
Also directs: Mukand Sumi Metal Processing Limited
Director 28 Jun 2022 4 Years 0 Months Current
Niravnayan Niraj Bajaj
Also directs: Aryan Nayan Realty Llp, Mukand Sumi Special Steel Limited, Bajaj Electricals Limited and 4 more
Whole-Time Director 16 May 2023 3 Years 1 Months Current
Nirajkumar Ramkrishnaji Bajaj
Also directs: Aryan Nayan Realty Llp, Nrb & Family Llp, Snrs Family Llp and 5 more
Managing Director 05 Jul 2008 18 Years 0 Months Current
Tasneem Vikram Singh Mehta
Also directs: Tma Estates Llp
Director 10 Feb 2025 1 Years 4 Months Current
Sankaran Radhakrishnan
Also directs: Vidyavihar Containers Limited, Mukand Sumi Metal Processing Limited, Bombay Forgings Limited
Director 20 May 2019 7 Years 1 Months Current
Prem Kumar Swamidas Chandrani Director 10 Sep 2024 1 Years 9 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Mukand Limited FY 2026 filings available

Mukand Limited reported revenue of ₹4,889.83 Cr (up 0% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹4,889.83 Cr ▲ 0%
Profit · FY 2026
₹604.15 Cr ▲ 696.09%
EBITDA · FY 2026
₹724.73 Cr ▲ 142.66%
Revenue₹ Cr · Consolidated02,0004,0006,000FY 2020: ₹2,923 Cr2,923FY 2020FY 2021: ₹2,726 Cr · -6.7% YoY2,726-6.7%FY 2021FY 2022: ₹4,637 Cr · +70.1% YoY4,637+70.1%FY 2022FY 2023: ₹5,568 Cr · +20.1% YoY5,568+20.1%FY 2023FY 2024: ₹5,175 Cr · -7.1% YoY5,175-7.1%FY 2024FY 2025: ₹4,890 Cr · -5.5% YoY4,890-5.5%FY 2025FY 2026: ₹4,890 Cr · +0% YoY4,890+0%FY 2026
Net Profit₹ Cr · Consolidated-2500250500750FY 2020: ₹240 Cr (loss)-240FY 2020FY 2021: ₹204 Cr (loss) · +15% YoY-204FY 2021FY 2022: ₹177 Cr · +187.1% YoY177+187.1%FY 2022FY 2023: ₹172 Cr · -3.2% YoY172-3.2%FY 2023FY 2024: ₹103 Cr · -40.2% YoY103-40.2%FY 2024FY 2025: ₹76 Cr · -26.1% YoY75.9-26.1%FY 2025FY 2026: ₹604 Cr · +696.1% YoY604+696.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹1,258 Cr · -9% YoY1,258-9%Q1'25Q2'25: ₹1,263 Cr · -8.3% YoY1,263-8.3%Q2'25Q3'25: ₹1,262 Cr · +7.3% YoY1,262+7.3%Q3'25Q4'25: ₹1,107 Cr · -10.7% YoY1,107-10.7%Q4'25Q1'26: ₹1,129 Cr · -10.3% YoY1,129-10.3%Q1'26Q2'26: ₹1,161 Cr · -8.1% YoY1,161-8.1%Q2'26Q3'26: ₹1,331 Cr · +5.5% YoY1,331+5.5%Q3'26Q4'26: ₹1,269 Cr · +14.7% YoY1,269+14.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹4,889.83 Cr ₹4,889.99 Cr ₹5,174.81 Cr ₹5,567.6 Cr ₹4,636.66 Cr ₹2,725.99 Cr ₹2,922.69 Cr
Other Income ₹553.7 Cr ₹14.43 Cr ₹16.03 Cr ₹585.19 Cr ₹115.72 Cr ₹748.41 Cr ₹68.24 Cr
Total Income ₹5,443.53 Cr ₹4,904.42 Cr ₹5,190.84 Cr ₹6,152.79 Cr ₹4,752.38 Cr ₹3,474.4 Cr ₹2,990.93 Cr
Cost of Materials Consumed ₹3,587.03 Cr ₹3,194.07 Cr ₹3,395.32 Cr ₹3,954.22 Cr ₹3,105.27 Cr ₹1,580.71 Cr ₹1,520.58 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹81 Lakh ₹1.07 Cr ₹4.29 Cr ₹35.3 Cr ₹119.01 Cr
Changes in Inventories -₹438.06 Cr -₹141.72 Cr -₹45.96 Cr -₹33.17 Cr -₹212.51 Cr ₹249.2 Cr -₹26.03 Cr
Employee Benefit Expense ₹236.53 Cr ₹226.36 Cr ₹219.01 Cr ₹204.75 Cr ₹191.33 Cr ₹190.31 Cr ₹189.92 Cr
Finance Costs ₹150.2 Cr ₹129.63 Cr ₹131.47 Cr ₹176.97 Cr ₹160.55 Cr ₹332.41 Cr ₹363.97 Cr
Depreciation & Amortisation ₹62.4 Cr ₹50.73 Cr ₹49.72 Cr ₹52.38 Cr ₹44.78 Cr ₹68.52 Cr ₹75.41 Cr
Other Expenses ₹1,333.3 Cr ₹1,327.05 Cr ₹1,313.64 Cr ₹1,617.79 Cr ₹1,294.56 Cr ₹1,119.24 Cr ₹994.75 Cr
Total Expenses ₹4,931.4 Cr ₹4,786.12 Cr ₹5,064.01 Cr ₹5,974.01 Cr ₹4,588.27 Cr ₹3,575.69 Cr ₹3,237.61 Cr
Profit Before Exceptional Items & Tax ₹512.13 Cr ₹118.3 Cr ₹126.83 Cr ₹178.78 Cr ₹164.11 Cr -₹101.29 Cr -₹246.68 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹512.13 Cr ₹118.3 Cr ₹126.83 Cr ₹178.78 Cr ₹164.11 Cr -₹101.29 Cr -₹246.68 Cr
Total Tax Expense -₹92.02 Cr ₹42.41 Cr ₹24.13 Cr ₹49 Lakh -₹15.42 Cr ₹49.07 Cr -₹56.57 Cr
Net Profit ₹604.15 Cr ₹75.89 Cr ₹102.7 Cr ₹171.78 Cr ₹177.42 Cr -₹203.78 Cr -₹239.88 Cr
  attributable to Owners - ₹0 ₹0 - - ₹0 -
  attributable to NCI - ₹0 ₹0 - - ₹0 -
Other Comprehensive Income -₹2.54 Cr -₹5.22 Cr -₹6.48 Cr ₹44 Lakh -₹1.48 Cr -₹4.34 Cr ₹1.93 Cr
Total Comprehensive Income ₹601.61 Cr ₹70.67 Cr ₹96.22 Cr ₹172.22 Cr ₹175.94 Cr -₹208.12 Cr -₹237.95 Cr
EBITDA (computed) ₹724.73 Cr ₹298.66 Cr ₹308.02 Cr ₹408.13 Cr ₹369.44 Cr ₹299.64 Cr ₹192.7 Cr
Basic EPS ₹41.81 ₹5.24 ₹7.11 ₹11.89 ₹12.55 ₹-14.41 ₹-16.96
Diluted EPS ₹41.81 ₹5.24 ₹7.11 ₹11.89 ₹12.55 ₹-14.41 ₹-16.96
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹4,077.02 Cr ₹3,541.95 Cr ₹3,046.34 Cr ₹3,177.81 Cr
Non-current Assets ₹1,004.13 Cr ₹835.35 Cr ₹664.48 Cr ₹688.65 Cr
Current Assets ₹3,062.9 Cr ₹2,699.03 Cr ₹2,358.62 Cr ₹2,470.35 Cr
Property, Plant & Equipment ₹626.68 Cr ₹536.74 Cr ₹451.59 Cr ₹456.21 Cr
Inventories ₹2,402.43 Cr ₹2,007.77 Cr ₹1,590.12 Cr ₹1,549.35 Cr
Trade Receivables ₹422.63 Cr ₹426.95 Cr ₹532.99 Cr ₹462.91 Cr
Cash & Equivalents ₹15.72 Cr ₹21.6 Cr ₹51.01 Cr ₹39.36 Cr
Equity (Net Worth) ₹1,522.31 Cr ₹949.62 Cr ₹921.1 Cr ₹853.78 Cr
Equity Share Capital ₹144.49 Cr ₹144.51 Cr ₹144.51 Cr ₹144.51 Cr
Borrowings (Non-current) ₹265.63 Cr ₹107.25 Cr ₹1,433.09 Cr ₹1,448.39 Cr
Borrowings (Current) ₹1,431.08 Cr ₹1,452.04 Cr ₹55.96 Cr ₹56.23 Cr
Total Debt (computed) ₹1,696.71 Cr ₹1,559.29 Cr ₹1,489.05 Cr ₹1,504.62 Cr
Current Liabilities ₹2,215.77 Cr ₹2,417.91 Cr ₹639.48 Cr ₹812.19 Cr
Total Liabilities ₹2,554.71 Cr ₹2,592.33 Cr ₹2,125.24 Cr ₹2,324.03 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹440.98 Cr ₹180.09 Cr ₹10.22 Cr ₹105.9 Cr -₹91.83 Cr
Investing Cash Flow ₹471.94 Cr -₹123.74 Cr ₹99.04 Cr ₹618.82 Cr ₹300.4 Cr
Financing Cash Flow -₹36.84 Cr -₹85.76 Cr -₹152.33 Cr -₹727.67 Cr -₹196.44 Cr
Capital Expenditure ₹108.39 Cr ₹126.06 Cr ₹47.72 Cr ₹60.96 Cr ₹231.09 Cr
Free Cash Flow (computed) -₹549.37 Cr ₹54.03 Cr -₹37.5 Cr ₹44.94 Cr -₹322.92 Cr
Dividends Paid ₹28.78 Cr ₹28.82 Cr ₹28.9 Cr ₹21.67 Cr ₹14.09 Cr
Net Change in Cash -₹5.88 Cr -₹29.41 Cr -₹43.07 Cr -₹2.95 Cr ₹12.13 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,269.09 Cr ₹1,331.41 Cr ₹1,160.62 Cr ₹1,128.71 Cr ₹1,106.89 Cr ₹1,262.27 Cr ₹1,262.84 Cr ₹1,257.99 Cr ₹1,239.16 Cr ₹1,176.68 Cr ₹1,376.68 Cr ₹1,382.29 Cr
Other Income ₹508.34 Cr ₹3.92 Cr ₹2.76 Cr ₹38.68 Cr ₹5.55 Cr ₹1.54 Cr ₹3.31 Cr ₹4.03 Cr ₹3.92 Cr ₹5.7 Cr ₹3.48 Cr ₹2.93 Cr
Total Income ₹1,777.43 Cr ₹1,335.33 Cr ₹1,163.38 Cr ₹1,167.39 Cr ₹1,112.44 Cr ₹1,263.81 Cr ₹1,266.15 Cr ₹1,262.02 Cr ₹1,243.08 Cr ₹1,182.38 Cr ₹1,380.16 Cr ₹1,385.22 Cr
Cost of Materials Consumed ₹906.4 Cr ₹992.01 Cr ₹875.83 Cr ₹812.79 Cr ₹705.77 Cr ₹811.17 Cr ₹860.03 Cr ₹817.1 Cr ₹855.47 Cr ₹764.82 Cr ₹842.5 Cr ₹932.53 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 -₹1.78 Cr ₹66 Lakh ₹68 Lakh ₹44 Lakh ₹39 Lakh ₹6 Lakh ₹5 Lakh ₹31 Lakh
Changes in Inventories -₹18.02 Cr -₹139.01 Cr -₹175.66 Cr -₹105.37 Cr -₹33.23 Cr -₹3.84 Cr -₹71.34 Cr -₹33.31 Cr -₹73.32 Cr -₹41.77 Cr ₹76.93 Cr -₹7.8 Cr
Employee Benefit Expense ₹55.65 Cr ₹63.03 Cr ₹59.95 Cr ₹57.9 Cr ₹54.68 Cr ₹58.23 Cr ₹57.25 Cr ₹56.2 Cr ₹52.56 Cr ₹63.43 Cr ₹51.6 Cr ₹51.42 Cr
Finance Costs ₹39.06 Cr ₹39.72 Cr ₹37.53 Cr ₹33.89 Cr ₹33.29 Cr ₹31.83 Cr ₹32.58 Cr ₹31.93 Cr ₹31.42 Cr ₹33.55 Cr ₹33.08 Cr ₹33.42 Cr
Depreciation & Amortisation ₹18.02 Cr ₹15.51 Cr ₹14.5 Cr ₹14.37 Cr ₹13.26 Cr ₹12.66 Cr ₹13.62 Cr ₹11.19 Cr ₹12.3 Cr ₹12.49 Cr ₹12.47 Cr ₹12.46 Cr
Other Expenses ₹342.55 Cr ₹343.25 Cr ₹331.36 Cr ₹316.14 Cr ₹316.32 Cr ₹323.78 Cr ₹340.14 Cr ₹346.81 Cr ₹321.21 Cr ₹327.89 Cr ₹335.68 Cr ₹328.86 Cr
Total Expenses ₹1,343.66 Cr ₹1,314.51 Cr ₹1,143.51 Cr ₹1,129.72 Cr ₹1,088.31 Cr ₹1,234.49 Cr ₹1,232.96 Cr ₹1,230.36 Cr ₹1,200.03 Cr ₹1,160.47 Cr ₹1,352.31 Cr ₹1,351.2 Cr
Profit Before Exceptional Items & Tax ₹433.77 Cr ₹20.82 Cr ₹19.87 Cr ₹37.67 Cr ₹24.13 Cr ₹29.32 Cr ₹33.19 Cr ₹31.66 Cr ₹43.05 Cr ₹21.91 Cr ₹27.85 Cr ₹34.02 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹433.77 Cr ₹20.82 Cr ₹19.87 Cr ₹37.67 Cr ₹24.13 Cr ₹29.32 Cr ₹33.19 Cr ₹31.66 Cr ₹43.05 Cr ₹21.91 Cr ₹27.85 Cr ₹34.02 Cr
Total Tax Expense -₹121.21 Cr ₹10.56 Cr ₹9.99 Cr ₹8.64 Cr ₹13.23 Cr ₹14.44 Cr ₹7.41 Cr ₹7.33 Cr ₹13.96 Cr ₹2.55 Cr ₹4.54 Cr ₹3.08 Cr
Net Profit ₹554.98 Cr ₹10.26 Cr ₹9.88 Cr ₹29.03 Cr ₹10.9 Cr ₹14.88 Cr ₹25.78 Cr ₹24.33 Cr ₹29.09 Cr ₹19.36 Cr ₹23.31 Cr ₹30.94 Cr
  attributable to Owners - ₹0 - ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 - -
  attributable to NCI - ₹0 - ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 - -
Other Comprehensive Income ₹65 Lakh -₹1.06 Cr -₹1.06 Cr -₹1.07 Cr -₹2.19 Cr -₹1.01 Cr -₹1.01 Cr -₹1.01 Cr -₹6.36 Cr -₹7 Lakh -₹1 Lakh -₹4 Lakh
Total Comprehensive Income ₹555.63 Cr ₹9.2 Cr ₹8.82 Cr ₹27.96 Cr ₹8.71 Cr ₹13.87 Cr ₹24.77 Cr ₹23.32 Cr ₹22.73 Cr ₹19.29 Cr ₹23.3 Cr ₹30.9 Cr
EBITDA (computed) ₹490.85 Cr ₹76.05 Cr ₹71.9 Cr ₹85.93 Cr ₹70.68 Cr ₹73.81 Cr ₹79.39 Cr ₹74.78 Cr ₹86.77 Cr ₹67.95 Cr ₹73.4 Cr ₹79.9 Cr
Basic EPS ₹38.51 ₹0.71 ₹0.68 ₹2.01 ₹0.75 ₹1.03 ₹1.78 ₹1.68 ₹2.01 ₹1.34 ₹1.61 ₹2.14
Diluted EPS ₹38.51 ₹0.71 ₹0.68 ₹2.01 ₹0.75 ₹1.03 ₹1.78 ₹1.68 ₹2.01 ₹1.34 ₹1.61 ₹2.14
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Specialty Steel ₹1,216.47 Cr ₹509.82 Cr ₹2,907.91 Cr ₹679.42 Cr
Industrial Machinery & Engineering Contracts ₹60.56 Cr -₹4.53 Cr ₹465.3 Cr ₹55.97 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Specialty Steel ₹4,743.3 Cr ₹675.39 Cr - -
Industrial Machinery & Engineering Contracts ₹156.87 Cr -₹10.36 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹4,762.3 Cr ₹4,911.61 Cr ₹5,217.53 Cr ₹5,618.36 Cr ₹4,623.19 Cr ₹2,680.7 Cr ₹2,818.38 Cr
Other Income ₹574.14 Cr ₹18.13 Cr ₹15.6 Cr ₹585.11 Cr ₹39.12 Cr ₹666.68 Cr ₹52.23 Cr
Total Income ₹5,336.44 Cr ₹4,929.74 Cr ₹5,233.13 Cr ₹6,203.47 Cr ₹4,662.31 Cr ₹3,347.38 Cr ₹2,870.61 Cr
Cost of Materials Consumed ₹3,574.85 Cr ₹3,212.62 Cr ₹3,436.93 Cr ₹3,995.97 Cr ₹3,105.27 Cr ₹1,581.16 Cr ₹1,564.89 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹81 Lakh ₹1.07 Cr ₹2.47 Cr ₹1 Cr ₹3 Lakh
Changes in Inventories -₹442.97 Cr -₹141.72 Cr -₹41.07 Cr -₹31.22 Cr -₹212.51 Cr ₹249.2 Cr -₹26.03 Cr
Employee Benefit Expense ₹199.41 Cr ₹225.65 Cr ₹218.76 Cr ₹204.57 Cr ₹190.31 Cr ₹188.74 Cr ₹188.52 Cr
Finance Costs ₹144.58 Cr ₹129.63 Cr ₹131.47 Cr ₹175.17 Cr ₹132.04 Cr ₹307.02 Cr ₹338.11 Cr
Depreciation & Amortisation ₹54.33 Cr ₹50.62 Cr ₹48.18 Cr ₹51.19 Cr ₹44.78 Cr ₹68.52 Cr ₹75.41 Cr
Other Expenses ₹1,256.11 Cr ₹1,323.78 Cr ₹1,309.88 Cr ₹1,612.45 Cr ₹1,294.25 Cr ₹863.95 Cr ₹984.28 Cr
Total Expenses ₹4,786.31 Cr ₹4,800.58 Cr ₹5,104.96 Cr ₹6,009.2 Cr ₹4,556.61 Cr ₹3,259.59 Cr ₹3,125.21 Cr
Profit Before Exceptional Items & Tax ₹550.13 Cr ₹129.16 Cr ₹128.17 Cr ₹194.27 Cr ₹105.7 Cr ₹87.79 Cr -₹254.6 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹550.13 Cr ₹129.16 Cr ₹128.17 Cr ₹194.27 Cr ₹105.7 Cr ₹87.79 Cr -₹254.6 Cr
Total Tax Expense -₹92.02 Cr ₹42.21 Cr ₹24.5 Cr ₹8.79 Cr -₹16.42 Cr ₹41.79 Cr -₹59.03 Cr
Net Profit ₹634.69 Cr ₹86.95 Cr ₹103.67 Cr ₹185.48 Cr ₹122.12 Cr ₹46 Cr -₹195.57 Cr
Other Comprehensive Income ₹127.4 Cr -₹5.22 Cr -₹9.93 Cr ₹5.74 Cr -₹2.32 Cr -₹5.72 Cr ₹2.25 Cr
Total Comprehensive Income ₹762.09 Cr ₹81.73 Cr ₹93.74 Cr ₹191.22 Cr ₹119.8 Cr ₹40.28 Cr -₹193.32 Cr
EBITDA (computed) ₹749.04 Cr ₹309.41 Cr ₹307.82 Cr ₹420.63 Cr ₹282.52 Cr ₹463.33 Cr ₹158.92 Cr
Basic EPS ₹44.44 ₹6.02 ₹7.17 ₹12.84 ₹8.64 ₹3.25 ₹-13.83
Diluted EPS ₹44.44 ₹6.02 ₹7.17 ₹12.84 ₹8.64 ₹3.25 ₹-13.83
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹4,179.99 Cr ₹3,534.74 Cr ₹3,072 Cr ₹3,182.62 Cr
Non-current Assets ₹1,213.29 Cr ₹836.95 Cr ₹736.12 Cr ₹762.72 Cr
Current Assets ₹2,956.71 Cr ₹2,690.22 Cr ₹2,312.64 Cr ₹2,401.09 Cr
Property, Plant & Equipment ₹455.22 Cr ₹528.8 Cr ₹440.82 Cr ₹445.13 Cr
Inventories ₹2,384.07 Cr ₹2,007.77 Cr ₹1,494.18 Cr ₹1,446.52 Cr
Trade Receivables ₹373.53 Cr ₹434.07 Cr ₹599.14 Cr ₹517.57 Cr
Cash & Equivalents ₹15.36 Cr ₹21.49 Cr ₹49.24 Cr ₹36.58 Cr
Equity (Net Worth) ₹1,693.54 Cr ₹959.82 Cr ₹946.32 Cr ₹881.48 Cr
Equity Share Capital ₹144.51 Cr ₹144.51 Cr ₹144.51 Cr ₹144.51 Cr
Borrowings (Non-current) ₹265.63 Cr ₹107.25 Cr ₹1,433.09 Cr ₹1,448.39 Cr
Borrowings (Current) ₹1,431.07 Cr ₹1,452.04 Cr ₹55.96 Cr ₹56.23 Cr
Total Debt (computed) ₹1,696.7 Cr ₹1,559.29 Cr ₹1,489.05 Cr ₹1,504.62 Cr
Current Liabilities ₹2,168.34 Cr ₹2,408.37 Cr ₹639.95 Cr ₹789.36 Cr
Total Liabilities ₹2,486.45 Cr ₹2,574.92 Cr ₹2,125.68 Cr ₹2,301.14 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹517.91 Cr ₹168.94 Cr ₹76.65 Cr ₹173.44 Cr -₹123.17 Cr
Investing Cash Flow ₹531.49 Cr -₹122.33 Cr ₹101.52 Cr ₹558.07 Cr ₹337.55 Cr
Financing Cash Flow -₹19.71 Cr -₹75.49 Cr -₹165.51 Cr -₹736.25 Cr -₹193.45 Cr
Capital Expenditure ₹66.24 Cr ₹125.24 Cr ₹49.35 Cr ₹61.79 Cr ₹194.41 Cr
Free Cash Flow (computed) -₹584.15 Cr ₹43.7 Cr ₹27.3 Cr ₹111.65 Cr -₹317.58 Cr
Dividends Paid ₹28.78 Cr ₹28.82 Cr ₹28.73 Cr ₹21.59 Cr ₹14.09 Cr
Net Change in Cash -₹6.13 Cr -₹28.88 Cr ₹12.66 Cr -₹4.74 Cr ₹20.93 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,217.98 Cr ₹1,300.18 Cr ₹1,144.14 Cr ₹1,102.39 Cr ₹1,118.91 Cr ₹1,282.39 Cr ₹1,304.36 Cr ₹1,258.06 Cr ₹1,257.38 Cr ₹1,188.4 Cr ₹1,380.53 Cr ₹1,391.22 Cr
Other Income ₹514.44 Cr ₹9.49 Cr ₹7.72 Cr ₹42.49 Cr ₹8.11 Cr ₹2.71 Cr ₹3.59 Cr ₹3.72 Cr ₹3.86 Cr ₹5.7 Cr ₹3.39 Cr ₹2.65 Cr
Total Income ₹1,732.42 Cr ₹1,309.67 Cr ₹1,151.86 Cr ₹1,144.88 Cr ₹1,127.02 Cr ₹1,285.1 Cr ₹1,307.95 Cr ₹1,261.78 Cr ₹1,261.24 Cr ₹1,194.1 Cr ₹1,383.92 Cr ₹1,393.87 Cr
Cost of Materials Consumed ₹899.27 Cr ₹986.47 Cr ₹876.35 Cr ₹812.76 Cr ₹686.03 Cr ₹833.66 Cr ₹896.82 Cr ₹833.36 Cr ₹853.91 Cr ₹780.58 Cr ₹852.33 Cr ₹950.11 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹66 Lakh ₹68 Lakh ₹44 Lakh ₹39 Lakh ₹6 Lakh ₹5 Lakh ₹31 Lakh
Changes in Inventories -₹19.22 Cr -₹138.46 Cr -₹176.85 Cr -₹108.44 Cr -₹5.42 Cr -₹3.99 Cr -₹63.07 Cr -₹45.47 Cr -₹53.54 Cr -₹47.2 Cr ₹70.87 Cr -₹11.2 Cr
Employee Benefit Expense ₹48.7 Cr ₹54.22 Cr ₹49.47 Cr ₹47.02 Cr ₹54.41 Cr ₹58.06 Cr ₹57.12 Cr ₹56.01 Cr ₹52.49 Cr ₹63.4 Cr ₹51.55 Cr ₹51.32 Cr
Finance Costs ₹37.22 Cr ₹38.44 Cr ₹36.28 Cr ₹32.64 Cr ₹33.3 Cr ₹31.55 Cr ₹32.75 Cr ₹31.95 Cr ₹31.54 Cr ₹33.5 Cr ₹33.04 Cr ₹33.39 Cr
Depreciation & Amortisation ₹14 Cr ₹13.64 Cr ₹13.4 Cr ₹13.29 Cr ₹13.17 Cr ₹12.27 Cr ₹13.24 Cr ₹10.79 Cr ₹11.92 Cr ₹12.11 Cr ₹12.08 Cr ₹12.07 Cr
Other Expenses ₹313.29 Cr ₹323.45 Cr ₹318.26 Cr ₹303.5 Cr ₹315.57 Cr ₹322.49 Cr ₹338.33 Cr ₹345.9 Cr ₹319.84 Cr ₹328.12 Cr ₹333.56 Cr ₹328.36 Cr
Total Expenses ₹1,293.26 Cr ₹1,277.76 Cr ₹1,116.91 Cr ₹1,100.77 Cr ₹1,097.06 Cr ₹1,254.7 Cr ₹1,275.87 Cr ₹1,232.98 Cr ₹1,216.55 Cr ₹1,170.57 Cr ₹1,353.48 Cr ₹1,364.36 Cr
Profit Before Exceptional Items & Tax ₹439.16 Cr ₹31.91 Cr ₹34.95 Cr ₹44.11 Cr ₹29.96 Cr ₹30.4 Cr ₹32.08 Cr ₹28.8 Cr ₹44.69 Cr ₹23.53 Cr ₹30.44 Cr ₹29.51 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹439.16 Cr ₹31.91 Cr ₹34.95 Cr ₹44.11 Cr ₹29.96 Cr ₹30.4 Cr ₹32.08 Cr ₹28.8 Cr ₹44.69 Cr ₹23.53 Cr ₹30.44 Cr ₹29.51 Cr
Total Tax Expense -₹121.21 Cr ₹10.56 Cr ₹9.99 Cr ₹8.64 Cr ₹12.57 Cr ₹14.26 Cr ₹7.43 Cr ₹6.39 Cr ₹14.27 Cr ₹2.2 Cr ₹6.09 Cr ₹1.94 Cr
Net Profit ₹567.76 Cr ₹17.21 Cr ₹15.9 Cr ₹33.82 Cr ₹17.39 Cr ₹16.14 Cr ₹24.65 Cr ₹22.41 Cr ₹30.42 Cr ₹21.33 Cr ₹24.35 Cr ₹27.57 Cr
Other Comprehensive Income ₹130.6 Cr -₹1.07 Cr -₹1.06 Cr -₹1.07 Cr -₹2.19 Cr -₹1.01 Cr -₹1.01 Cr -₹1.01 Cr -₹9.81 Cr -₹7 Lakh -₹1 Lakh -₹4 Lakh
Total Comprehensive Income ₹698.36 Cr ₹16.14 Cr ₹14.84 Cr ₹32.75 Cr ₹15.2 Cr ₹15.13 Cr ₹23.64 Cr ₹21.4 Cr ₹20.61 Cr ₹21.26 Cr ₹24.34 Cr ₹27.53 Cr
EBITDA (computed) ₹490.38 Cr ₹83.99 Cr ₹84.63 Cr ₹90.04 Cr ₹76.43 Cr ₹74.22 Cr ₹78.07 Cr ₹71.54 Cr ₹88.15 Cr ₹69.14 Cr ₹75.56 Cr ₹74.97 Cr
Basic EPS ₹38.78 ₹1.48 ₹1.73 ₹2.45 ₹1.20 ₹1.12 ₹1.71 ₹1.55 ₹2.11 ₹1.48 ₹1.68 ₹1.91
Diluted EPS ₹38.78 ₹0.00 ₹1.73 ₹0.00 ₹1.20 ₹1.12 ₹1.71 ₹1.55 ₹2.11 ₹1.48 ₹1.68 ₹1.91
Latest 12 quarters shown of 25 on record.
Segment · FY 2023 (annual) Revenue Result (PBIT) Assets Liabilities
Industrial Machinary & Engineering Contracts ₹140.33 Cr -₹22.25 Cr - -
Specialty Steel ₹5,480.18 Cr ₹403.32 Cr - -
less:Inter Segment Margin ₹0 -₹36 Lakh - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Mukand Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Mukand Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 74.70%, foreign institutional investors hold 0.26%, domestic institutional investors hold 1.10%, retail and other public shareholders hold 23.93% of Mukand Limited. The company had 49,218 shareholders on record.

Promoters: 74.70%DII (Domestic Institutional): 1.10%FII (Foreign Institutional): 0.26%Retail & Others: 23.93%
Mar 2026
QUARTER
74.70% Promoters
1.10% DII (Domestic Institutional)
0.26% FII (Foreign Institutional)
23.93% Retail & Others
Promoter holding - history
Now 74.70% · Mar 2026High 74.72% · Mar 2022Low 71.68% · Dec 2015
70%71.5%73%74.5%76%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 71.68%Mar 2016: 71.68%Jun 2016: 71.68%Sep 2016: 71.68%Dec 2016: 71.68%Mar 2017: 71.68%Jun 2017: 71.69%Sep 2017: 73.13%Dec 2017: 73.13%Mar 2018: 73.12%Jun 2018: 73.10%Sep 2018: 73.10%Dec 2018: 73.32%Mar 2019: 73.71%Jun 2019: 74.35%Sep 2019: 74.35%Dec 2019: 74.34%Mar 2020: 74.35%Jun 2020: 74.35%Sep 2020: 74.35%Dec 2020: 74.35%Mar 2021: 74.35%Jun 2021: 74.35%Sep 2021: 74.35%Dec 2021: 74.61%Mar 2022: 74.72%Jun 2022: 73.82%Sep 2022: 73.82%Dec 2022: 73.82%Mar 2023: 74.36%Jun 2023: 74.70%Sep 2023: 74.70%Dec 2023: 74.70%Mar 2024: 74.70%Jun 2024: 74.70%Sep 2024: 74.70%Dec 2024: 74.70%Mar 2025: 74.70%Jun 2025: 74.70%Sep 2025: 74.70%Dec 2025: 74.70%Mar 2026: 74.70%74.72%71.68%74.70%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters74.70%74.70%74.70%74.70%74.70%74.70%
Public25.30%25.30%25.30%25.30%25.30%25.30%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters74.70%74.70%74.70%74.36%74.72%74.35%74.35%73.71%73.12%71.68%71.68%
Public25.30%25.30%25.30%25.64%25.28%25.65%25.65%26.29%26.88%28.32%28.32%
Promoter change (YoY, %pts)+0.00+0.00+0.34-0.36+0.37+0.00+0.64+0.59+1.44+0.00-

Board & Governance of Mukand Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Mukand Limited has 6 directors - 3 independent and 2 executive. The board is chaired by NIRAJ RAMKRISHNA BAJAJ.

DirectorPositionOn board sinceListed boards
NIRAJ RAMKRISHNA BAJAJ Executive Director · Chairperson 1989-07-03 3
ARVIND M KULKARNI Non-Executive - Non Independent Director 2022-06-28 1
NIRAVNAYAN NIRAJ BAJAJ Executive Director 2023-05-16 2
SANKARAN RADHAKRISHNAN Non-Executive - Independent Director 2019-05-20 1
PREM KUMAR SWAMIDAS CHANDRANI Non-Executive - Independent Director 2024-09-10 1
TASNEEM VIKRAM SINGH MEHTA Non-Executive - Independent Director 2025-02-10 1
Board Committees
CommitteeMembers
Audit Committee SANKARAN RADHAKRISHNAN (Chairperson), ARVIND M KULKARNI, PREM KUMAR SWAMIDAS CHANDRANI, TASNEEM VIKRAM SINGH MEHTA
Nomination and remuneration committee PREM KUMAR SWAMIDAS CHANDRANI (Chairperson), SANKARAN RADHAKRISHNAN, TASNEEM VIKRAM SINGH MEHTA
Stakeholders Relationship Committee PREM KUMAR SWAMIDAS CHANDRANI (Chairperson), SANKARAN RADHAKRISHNAN, NIRAVNAYAN NIRAJ BAJAJ
Risk Management Committee NIRAJ RAMKRISHNA BAJAJ (Chairperson), SANKARAN RADHAKRISHNAN, ARVIND M KULKARNI
Corporate Social Responsibility Committee NIRAJ RAMKRISHNA BAJAJ (Chairperson), SANKARAN RADHAKRISHNAN, NIRAVNAYAN NIRAJ BAJAJ

Group Structure of Mukand Limited

Mukand Limited has 1 subsidiary company, 1 joint venture, and 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Mukand Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
1
Joint ventures
1
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Mukand Sumi Metal Processing Ltd. U27300MH2012PLC234000 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Mukand Limited

Open charges
₹369.12 Cr
Satisfied charges
₹4,772.33 Cr
Breakdown by lending institutions
Abn-Amro Bank N.V.₹254.00 Cr
Others₹47.75 Cr
Abn Amro₹29.40 Cr
Hdfc Bank Limited₹16.00 Cr
Infrastructure Leasing & Financial Services Limited₹10.00 Cr
Others₹11.97 Cr
Latest charge details
DateLenderAmountStatus
11 Mar 2013 Kotak Mahindra Bank Limited ₹1.86 Cr Open
15 Nov 2010 Srei Equipment Finance Private Limited ₹36.02 Lakh Open
18 Nov 2009 Others ₹47.75 Cr Open
01 Aug 2008 Srei Infrastructure Finance Limited ₹6.89 Lakh Open
07 Feb 2006 Infrastructure Leasing & Financial Services Limited ₹10 Cr Open

Total charge records: 88 View all charges

Employees and EPFO Compliance at Mukand Limited

Mukand Limited has a workforce of 2,341 employees as of Jan 22, 2026.

Employee count
2,341
Active EPFO establishments
1
Employee growth
-0.72%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Mukand Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Mukand Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Mukand Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Mukand Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Mukand Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Mukand Limited

MSME Payment Delays by Mukand Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Mukand Limited

Subsidiaries & Group Companies of Mukand Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Mukand Limited

MCA Filings & Documents of Mukand Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Mukand Limited

Charges
04 Oct 2025
A charge registered on 06 Jan 2022 via Charge ID 100518784 with Others was fully satisfied on 04 Oct 2025.
Activity
08 Aug 2025
Mukand Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Activity
31 Mar 2025
Mukand Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Directors
10 Feb 2025
Tasneem Vikram Singh Mehta was appointed as a Director on 10 Feb 2025 & has been associated with this company since 1 year 4 months.
Directors
10 Sep 2024
Prem Kumar Swamidas Chandrani was appointed as a Director on 10 Sep 2024 & has been associated with this company since 1 year 9 months.
Directors
16 May 2023
Niravnayan Niraj Bajaj was appointed as a Whole-time director on 16 May 2023 & has been associated with this company since 3 years 1 month.

Recent News on Mukand Limited

TNCPL secures ₹23-crore worth orders
08 Feb 2024 · The Hindu

Frequently Asked Questions about Mukand Limited

Mukand Limited is an active public limited company in the machinery and equipment sector based in Mumbai, Maharashtra, India. It was incorporated on 29 November 1937 (89+ years old) and is registered under CIN L99999MH1937PLC002726. Listed on BSE: 500460 and NSE: BE : MUKANDLTD. The company has 2,341 employees.

Mukand Limited reported revenue of ₹4,904.42 Cr for FY 2025 (down 6.00% YoY).

The current directors of Mukand Limited are:

The primary industry of Mukand Limited is machinery and equipment. The company specifically operates in material handling and storage equipment. The company is currently active in this sector.

Yes. Mukand Limited is listed on both BSE (code: 500460) and NSE (symbol: BE : MUKANDLTD).

Mukand Limited can be reached at the registered office: Bajaj Bhavanjamnalal Bajaj Marg 226 Nariman Point, Mumbai, Maharashtra, India – 400021, or through the website mukand.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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