Mukand Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Profit growth above 25%Negative operating cash flowExceptional itemRelated-party transactionsDebt to equity above the thresholdResults View source PDF Explain this filing

MUKANDLTD · price

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Price reactionminutes from the announcement price · days from the prior close

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₹138.40

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+1.5% vs market

Iron & Steel Products peers, median of 97sector-0.9%+2.1% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Mukand Limited reported FY2025-26 standalone profit after tax of Rs 634.69 crore, a massive jump from Rs 86.95 crore in the prior year, driven primarily by land sale proceeds of approximately Rs 555 crore recognized in Other Income during Q4. Consolidated PAT was Rs 604.15 crore versus Rs 75.89 crore in FY25. Revenue from operations remained nearly flat at Rs 4,762 crore (standalone) and Rs 4,890 crore (consolidated) compared to prior year. The company completed sale of land parcels at Dighe and Kalwe, with additional land classified as Assets Held for Sale (Rs 7.57 crore standalone). The Industrial Machinery Division was transferred to Mukand Heavy Engineering Ltd (wholly-owned subsidiary) via slump sale for Rs 45.78 crore. Board recommended dividend of Rs 3 per share (30%) including a special Re 1 payout to celebrate Bajaj Group's 100 years. The company plans to infuse up to Rs 160 crore into its subsidiary.

Likely market impact

The exceptional land sale gains inflated profits by over 7x year-on-year, but underlying revenue growth is flat. Negative operating cash flow of Rs 483 crore (standalone) and significant inventory buildup of Rs 418 crore are concerns. Shareholders may see limited direct benefit as the profits are largely non-recurring.