What we do Mukand Ltd manufactures specialty alloy and stainless steel products, industrial machinery, and provides engineering services, serving automotive and construction sectors. |
Founded in 1,937 |
Market share Leading supplier of alloy and high-grade stainless steel in India, with strong presence in automobile and industrial sectors. |
Problem solved Provides high-quality steel and machinery solutions addressing industrial needs for durability, precision, and enhanced performance. |
Top clients or who we serve Automobile manufacturers, auto component producers, construction industry; primarily B2B clients in steel and engineering sectors. |
Key management - |
Our journey and innovations Founded in 1937, pioneered stainless steel production in India, established JV with Sumitomo, innovations in micro alloy steels and advanced cranes. |
Where we operate Primarily India, exports to global markets; manufacturing units in Maharashtra and Karnataka. |
Top products or what we offer Specialty alloy steel products, stainless steel bars and rods, industrial cranes, material handling equipment, engineering construction services. |
Top brands Mukand Alloy Steels, Mukand Industrial Machinery Division; recognized for high-grade specialty steels and industrial equipment. |
Raw materials needed Iron, nickel, chromium, vanadium, boron and other alloying elements for steel production. |
Raw materials supplier Not specified; sources vary as per industry norms including domestic and international suppliers. |
Recurring vs cyclical contribution Revenue is a mix of recurring industrial machinery orders and cyclical steel product sales linked to sector demand. |
Our industry position Among top specialty steel producers in India with strong engineering division; competitive edge via JVs and technology adoption. |
Financial highlights FY 2024-25 revenue approx. Rs 4,930 crore; net profit Rs 86.95 crore; stable EBITDA around Rs 300 crore; moderate YoY profit decline. |
Geographical revenue split Approx. 92% revenue from India and 8% from Rest of the World. |
Order book - |
Whats driving growth Innovation in micro alloy steels, industrial machinery advancements, strategic JV with Sumitomo, steel demand in automotive and construction sectors. |
Our future plans Enhance industrial machinery capacity; focus on specialty steel innovations; expand subsidiaries Mukand Heavy Engineering and JV collaborations. |
Our green promise Installed captive power from waste gases; focused on energy efficiency and environmental compliance in manufacturing. |
Our people and values Diverse workforce committed to safety, quality, innovation; promotes compliance and inclusive workplace culture. |
Key challenges ahead Market competition, raw material price volatility, cyclical demand fluctuations, and integration of subsidiary operations. |
Interesting facts Manufactured Asia’s first 91m span EOT crane with 200-ton dual lifting capacity in FY 2024-25. |
Risks and strategy Mitigates market risks via diversification, JV partnerships, R&D-led product development, and robust corporate governance. |
