# Mukand share price today (Mukand Ltd, NSE: MUKANDLTD)

> Mukand share price today: ₹145.31 at the NSE close on 3 November 2026, up 2.2% in a year. Mukand (NSE: MUKANDLTD) is worth ₹2,106 crore, trades at a P/E of 3.3 and has closed between ₹115.96 and ₹176.60 over the past 52 weeks. > Mukand Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 7% of past readings. MUKANDLTD · Steel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mukand-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹145.31 (+2.2% in a year)
- P/E: 3.3× (lower than 93% of the last 11 years)
- Revenue (Jun 2026): ₹1,362 Cr (+20.6% on a year ago)
- Profit (Jun 2026): ₹57.0 Cr (+96.6% on a year ago)
- Operating margin: 0.5% (−3.7 points on a year ago)
- ROCE: 4%, FY26
- ROIC: 1.9%, against a 12.0% cost of capital: −10.1 points

The main question: profits are rising, but only −25% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Mukand share price today? Mukand Ltd's share price was ₹145.31 at the close on 3 November 2026. It has been rising for 24 weeks. That is 2.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹116 and ₹177, and at that close it sat 48% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row. Over the last 11 years the share price moved +355% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Mukand this quarter? 7 points on a year earlier and highest quarterly revenue in 11 quarters. 1. Foreign funds (FIIs) cut their stake for 3 quarters in a row From 0.3% to 0.2% of the company by the September 2026 quarter. 2. Operating margin down 3.7 points on a year earlier 0.5% in the June 2026 quarter, from 4.2%. 3. Highest quarterly revenue in 11 quarters Revenue of ₹1,362 crore in the June 2026 quarter is the highest of the last 11 quarters. ## What are Mukand's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Mukand reported revenue of ₹1,362 crore, up 20.6% from ₹1,129 crore a year earlier, and a profit of ₹57.0 crore, up 96.6% from ₹29.0 crore. ### Mukand results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,362 crore | ₹1,129 crore | +20.6% |
| Profit | ₹57.0 crore | ₹29.0 crore | +96.6% |
| Earnings per share | ₹3.97 | ₹2.01 | +97.5% |
| Operating margin | 0.5% | 4.2% | −3.7 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Mukand share price history? Mukand closed at ₹145.31 on 3 November 2026, up 2.2% from ₹142.12 a year earlier (31 October 2025) and up 5.0% over five years. Its highest weekly close since March 2016 was ₹199.80 on 2 February 2024. ### Mukand share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹143.20 | +1.5% |
| 1 month ago · 1 Oct 2026 | ₹172.85 | −15.9% |
| 6 months ago · 30 Apr 2026 | ₹138.05 | +5.3% |
| 1 year ago · 31 Oct 2025 | ₹142.12 | +2.2% |
| 3 years ago · 3 Nov 2023 | ₹164.65 | −11.7% |
| 5 years ago · 4 Nov 2021 | ₹138.35 | +5.0% |
| 10 years ago · 4 Nov 2016 | ₹65.05 | +123.4% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹31.95 | +354.8% |
| Highest weekly close since March 2016 · 2 Feb 2024 | ₹199.80 | −27.3% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹13.55 | +972.4% |
| 52-week high (weekly close) · 9 Oct 2026 | ₹176.60 | −17.7% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹115.96 | +25.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Mukand? 3 Nov 2026: Mukand closed at ₹145.31, up 1.5% on the week and down 15.9% on the month. 7 Aug 2026: ex-date for a dividend + special dividend of ₹3 a share. ### Earlier

- Results for April to June 2026: Revenue up 20.6% and profit up 96.6% on a year earlier. ## What dividend does Mukand pay? Mukand paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.38% at the ₹145.31 close on 3 November 2026. The last was a dividend + special dividend of ₹3 a share, ex-date 7 August 2026. ### Mukand dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 7 Aug 2026 | ₹3 | Dividend + Special | same day |
| 25 Jul 2025 | ₹2 | Dividend | same day |
| 26 Jul 2024 | ₹2 | Dividend | n/a |
| 28 Jul 2023 | ₹2 | Dividend | n/a |
| 28 Jul 2022 | ₹1.50 | Dividend | n/a |
| 8 Sep 2021 | ₹1 | Dividend | 10 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹1 Special dividends, last 12 months

Yes. Mukand Ltd paid out 7% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Mukand on? Mukand is on one of our India lists: Copper & metal stocks. [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is Mukand profitable? Mukand Ltd earned ₹57.0 Cr of net profit in the Jun 2026 quarter, +96.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹604 Cr. That is 4.2% of the quarter's revenue. The same quarter a year earlier earned ₹29.0 Cr. For the full year, FY26 profit was ₹604 Cr (+694.7% on the year before). Why profit moved: revenue changed +20.6% on a year earlier and the margin moved −3.7 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +1,237.2% and revenue +8.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Mukand make, and is it growing? Mukand Ltd reported ₹1,362 Cr of revenue in the Jun 2026 quarter, +20.6% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 5.2% a year on average. The last full year, FY26, came in at ₹4,890 Cr. The last four reported quarters add to ₹5,121 Cr. FY26 revenue was ₹4,890 Cr, +0.0% on the year before. Recent pace: the last four quarters grew +8.1% on average, against 5.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.6%, against +0.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +690.0%, against +157.9% a year (accelerating). ## How much of every ₹100 of sales does Mukand keep? Mukand Ltd's operating margin was 0.5% in the Jun 2026 quarter, 3.7 percentage points lower than the same quarter a year ago. Across 13 years it has been between −18.0% and 13.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −3.7 percentage points on the year while gross margin changed −7.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Mukand's profit turning into cash? Over the last 3 years Mukand Ltd's operations used more cash than they brought in, so cash conversion was −25%, a gap worth watching. In FY26 its operations used ₹441 Cr of cash, against ₹604 Cr of profit. After ₹109 Cr of spending on assets, free cash was −₹550 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −25% of profit came in as cash: the cash cycle got 42 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 42 days longer. The next section looks at where the cash is stuck. ## Where does Mukand's cash go? Mukand Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 245 days in FY26, up from 203 days in FY21. It spent ₹371 Cr on assets over the last 3 years. Customers take 32 days to pay, and stock sits for 278 days on average. At FY26 sales of ₹4,890 Cr, each day of that cycle ties up about ₹13.4 Cr, so roughly ₹3,282 Cr is tied up in the business at any time. FY26: customers took 32 days to pay and stock sat for 278 days, about 9.1 months of sales sitting as stock, for a full cycle of 245 days, longer than FY21's 203. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 278 days. Customers pay about 32 days after that. Suppliers are paid at 65 days. Together that makes the 245-day cycle. Spending on assets: ₹371 Cr over the last 3 years, against ₹163 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹98.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Mukand's P/E ratio, and how does it compare with its own history? Mukand Ltd's P/E is 3.3×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/E (the middle reading) is 18.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +696.4% while the price moved +2.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +1.0% a year; about +45.2% a year came from earnings growth and about −44.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Mukand business getting better or worse? Mukand Ltd's business is getting better. Profit growth hit its low 6 quarters ago at −51.0% and has recovered to +690.0%, with ROCE rising at 20.5%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Mukand earn on its capital? Mukand Ltd earned a ROCE of 4% in FY26. That is up from a low of −18% in FY21. Its return on capital used (ROIC) is 10.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 12.4% net margin and 1.20× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.4% net margin × 1.20× asset turnover × 2.68× leverage (assets divided by equity) ≈ 39.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 1.9% − 12.0% = −10.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 1.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 3.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Mukand have too much debt? Mukand Ltd has total debt of ₹1,697 Cr against shareholder equity of ₹1,522 Cr as of Jun 2026, so its debt is 1.11× its equity. Year by year, that ratio went from 3.06 in FY22 to 1.11 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Mukand shareholding pattern? No group of Mukand Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 74.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.7 points over 8 quarters, to 0.4%; Promoters: +0.0 points over 8 quarters, to 74.7%; Foreign institutions: +0.0 points over 8 quarters, to 0.2%. ## How far is Mukand from balance-sheet trouble? For Mukand Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Mukand rank in its industry? 52.0 out of 100, rank 5 of 10 in Steel, with 86% of the evidence available. Mukand Ltd scores 52.0 out of 100 against the 10 companies it is compared with in Steel, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.8 + 4.7 + 14.4 + 14.1 = 52. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Mukand compared with? Mukand ranks 5 of 10 Steel companies on the 4-Factor Sector Score, with 52.0 out of 100. 1. [Manaksia Steels Ltd](https://www.sectoralpha.in/stocks/manaksia-steels-ltd) MANAKSTEEL · breaking out · Most evidence points up · 81% evidence 72.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 81.2% · Profit 100% · Operating margin change 5.1 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 10% · 100% evidence Valuation 15.9/20 · P/E 12.7× · PEG 0.33 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 53.7% · 1 year n/a · 25% evidence · 11 of 11 weeks ahead Exact sum: 28.6 + 15.3 + 15.9 + 12.5 = 72.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) MWL · leader · Evidence leans up · 100% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 8.8% · Profit 48.6% · Operating margin change 4 points · 100% evidence Capital efficiency 15.4/25 · ROCE 17.7% · Operating margin 11% · 100% evidence Valuation 12.2/20 · P/E 20× · PEG 1.04 · 100% evidence Relative strength 13.2/20 · Lead over its industry 4.1% · Lead over NIFTY 500 18.8% · 1 year 63.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.6 + 15.4 + 12.2 + 13.2 = 57.4 · What this means: Relative strength against the index is 18.8%, and revenue and profit growth are weak. 3. [JSW Steel Ltd](https://www.sectoralpha.in/stocks/jsw-steel-ltd) JSWSTEEL · turning · Evidence leans up · 75% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 14.1% · Profit 100% · Operating margin change 3 points · 95% evidence Capital efficiency 12.8/25 · ROCE 11% · Operating margin 19% · 76% evidence Valuation 9.8/20 · P/E 19.4× · PEG n/a · 15% evidence Relative strength 11.4/20 · Lead over its industry -8.1% · Lead over NIFTY 500 6.8% · 1 year 3.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 23 + 12.8 + 9.8 + 11.4 = 57 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) SAIL · losing its lead · Evidence leans up · 100% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 9.4% · Profit 100% · Operating margin change 4 points · 100% evidence Capital efficiency 9.4/25 · ROCE 7.9% · Operating margin 13% · 100% evidence Valuation 15.4/20 · P/E 11.1× · PEG 0.57 · 100% evidence Relative strength 6.9/20 · Lead over its industry -11.2% · Lead over NIFTY 500 2.4% · 1 year 17.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.8 + 9.4 + 15.4 + 6.9 = 54.5 · What this means: Earnings are strong; relative strength in its sector is -11.2% and the one-year return is 17.6%. 5. Mukand Ltd this page MUKANDLTD · breaking out · Evidence leans up · 86% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 7.6% · Profit 100% · Operating margin change -3.7 points · 88% evidence Capital efficiency 4.7/25 · ROCE 4.4% · Operating margin 0.5% · 100% evidence Valuation 14.4/20 · P/E 3.2× · PEG n/a · 50% evidence Relative strength 14.1/20 · Lead over its industry -6.6% · Lead over NIFTY 500 8.2% · 1 year -0.6% · 100% evidence · 7 of 12 weeks ahead Exact sum: 18.8 + 4.7 + 14.4 + 14.1 = 52 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Tata Steel Ltd](https://www.sectoralpha.in/stocks/tata-steel-ltd) TATASTEEL · quiet · Evidence leans down · 89% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 10.5% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 12.5% · Operating margin 15% · 100% evidence Valuation 10.0/20 · P/E 17.7× · PEG 1.74 · 65% evidence Relative strength 0.6/20 · Lead over its industry -20.4% · Lead over NIFTY 500 -7.3% · 1 year -8.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.1 + 12.6 + 10 + 0.6 = 42.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [NMDC Steel Ltd](https://www.sectoralpha.in/stocks/nmdc-steel-ltd) NSLNISP · quiet · Evidence leans down · 79% evidence 36.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 41.6% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 4.9/25 · ROCE 3.1% · Operating margin 11% · 100% evidence Valuation 8.5/20 · P/E 132× · PEG n/a · 15% evidence Relative strength 3.4/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -5.9% · 1 year -12.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.9 + 4.9 + 8.5 + 3.4 = 36.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [India Homes Ltd](https://www.sectoralpha.in/stocks/india-homes-ltd) INDIAHOMES · Too little evidence to rank firmly · 37% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 11094.8 points · 53% evidence Capital efficiency 16.0/31.25 · ROCE 17.5% · Operating margin n/a · 61% evidence Valuation 11.1/25 · P/E 60.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 29.8 + 16 + 11.1 = 56.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Safe Enterprises Retail Fixtures Ltd](https://www.sectoralpha.in/stocks/safe-enterprises-retail-fixtures-ltd) SAFEENTP · turning · Too little evidence to rank firmly · 42% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue n/a · Profit n/a · Operating margin change 1 points · 15% evidence Capital efficiency 19.1/25 · ROCE 47.1% · Operating margin 35% · 57% evidence Valuation 10.5/20 · P/E 17× · PEG n/a · 15% evidence Relative strength 6.0/20 · Lead over its industry -15.9% · Lead over NIFTY 500 -1.9% · 1 year 20% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 19.1 + 10.5 + 6 = 52.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) RSL · breaking out · Too little evidence to rank firmly · 45% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/43.75 · Revenue n/a · Profit n/a · Operating margin change 0 points · 48% evidence Capital efficiency 18.9/31.25 · ROCE 25.3% · Operating margin 9% · 100% evidence Valuation 11.4/25 · P/E 23.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 17.1 + 18.9 + 11.4 = 47.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel](https://www.sectoralpha.in/sectors/steel), all 10 compared on one page. ## Which companies are close to Mukand in size? Mukand is the 5th largest of 10 Steel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Tata Steel, Steel Authority of India and NMDC Steel. Just below it: Rajputana Stainless, Mangalam Worldwide and Safe Enterprises Retail Fixtures. ### Steel companies close in size

1. [Tata Steel Ltd](https://www.sectoralpha.in/stocks/tata-steel-ltd) ₹2,09,224 crore
2. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) ₹66,501 crore
3. [NMDC Steel Ltd](https://www.sectoralpha.in/stocks/nmdc-steel-ltd) ₹11,037 crore
4. Mukand Ltd ₹2,044 crore
5. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) ₹1,406 crore
6. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) ₹1,105 crore
7. [Safe Enterprises Retail Fixtures Ltd](https://www.sectoralpha.in/stocks/safe-enterprises-retail-fixtures-ltd) ₹1,095 crore

[All 10 Steel companies, largest first](https://www.sectoralpha.in/sectors/steel#all-companies)

### Companies close in size in other industries

1. [Rane Holdings Ltd](https://www.sectoralpha.in/stocks/rane-holdings-ltd) ₹2,053 crore · Finance - Holding Company
2. [S P Apparels Ltd](https://www.sectoralpha.in/stocks/s-p-apparels-ltd) ₹2,045 crore · Textiles - Readymade Apparel
3. Mukand Ltd ₹2,044 crore
4. [Utkarsh Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/utkarsh-small-finance-bank-ltd) ₹2,039 crore · Banks - Small Finance
5. [BGR Energy Systems Ltd](https://www.sectoralpha.in/stocks/bgr-energy-systems-ltd) ₹2,034 crore · Infra - Engineering - General

## What else do people ask about Mukand? ### What is Mukand's share price today? Mukand Ltd's share price is ₹145.31, +2.2% over the past year. The whole company is worth ₹2,106 Cr on the market. In the last 52 weeks it traded between ₹116 to ₹177; today it is 48% of the way up from the low, 2.5% above its 200-day average (as of 3 November 2026). ### What were Mukand's latest quarterly results? Mukand Ltd reported revenue of ₹1,362 Cr and net profit of ₹57.0 Cr for the Jun 2026 quarter. Revenue rose 20.6% and profit rose 96.6% compared with a year earlier. Earnings per share were ₹3.97. The operating margin was 0.5%, 3.7 percentage points lower than a year earlier (as of 3 November 2026). ### What is Mukand's market cap? Mukand Ltd's market capitalisation is ₹2,106 Cr at a share price of ₹145.31. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Mukand performing? Mukand Ltd's share price has been rising for 24 weeks. In its latest quarter, revenue rose 20.6% and profit rose 96.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 10 weeks running (as of 3 November 2026). ### Will Mukand's share price go up? This page does not forecast Mukand Ltd's share price. What it shows instead: the share price is ₹145.31, and it has been rising for 24 weeks. Its P/E of 3.3× is higher than 7% of its own last 11 years (as of 3 November 2026). ### Who owns Mukand? Promoters own 74.7% of Mukand Ltd, foreign institutions 0.2%, domestic institutions 0.4% and the public 24.7% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Mukand have too much debt? Yes, Mukand Ltd has a lot of debt: its debt is 1.11× its equity, and its operating profit is 1 times its interest bill. FY26 borrowings were ₹1,697 Cr against equity of ₹1,523 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Mukand in its business cycle? Mukand Ltd's FY26 operating margin was 3.5%, against a 13-year range of −18.0% to 13.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 0.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Mukand story? The main question: profits are rising, but only −25% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Mukand a stock worth studying right now? What the numbers show: Mukand Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 7% of past readings. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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