Mukand Share Price Target 2025, 2026, 2030, 2040, 2050

Mukand is an Indian company from the Bajaj Group. It mainly makes special types of steel and large industrial machines. Its steel business is the biggest part, where it produces stainless steel and alloy steel used in cars, auto parts, buildings, and many other industries, with major factories in Thane and Hospet. The company also builds heavy machines like EOT cranes, gantry cranes, and other equipment needed in steel plants, power plants, and large industrial projects. It also has a partnership called Mukand Sumi Special Steel Ltd. with Sumitomo Corporation of Japan, which helps them make and sell high-quality alloy steel for the fast-growing automotive and engineering sectors.

What is Mukand Ltd NSE: MUKANDLTD?

Mukand was established in 1937. It is based in Mumbai, Maharashtra, and belongs to the Bajaj Group, led by Niraj Bajaj. It is a well-known Indian company that makes special types of steel and big industrial machines. The company makes alloy steel, stainless steel, steel bars, and other strong steel products that are used in cars, engineering work, buildings, railways, and many industries. It also makes large machines and equipment that are used in steel plants, power plants, and factories. It sells its products all over India and also exports to other countries, making it a trusted name in the special steel industry.

Mukand Share Price Target

Mukand Share Price Target 2025

The company began as a small steel maker but slowly grew into a large industrial group. It became known for good quality, reliable products, and strong engineering skills. It has improved with new technologies and market needs. Because it has been working for more than 80 years, it understands customers very well. It has earned trust from many industries, and this long journey supports its success and future growth. In 2025, its share price target would be ₹180, as per stock market analysts.

According to stock market analysts, its share price would be between ₹84 to ₹180 in 2025.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	84	180

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	100	135
February	88	117
March	86	104
April	84	107
May	95	124
June	111	149
July	128	162
August	121	144
September	127	144
October	126	148
November	114	165
December	112	180

Mukand Share Price Target 2026

This company runs many different businesses under one group. It mainly works through two big divisions: the Speciality Steel Division and the Industrial Machinery & Engineering Contracts Division. These divisions help the company serve industries like automotive, engineering, power, construction, and infrastructure. It also has small activities in property and financial services. As it works in many sectors, the company stays strong even when one industry is slow. This mixed business model helps it serve many customers in India and other countries. In 2026, its share price target would be ₹272, as per stock market analysts.

According to stock market analysts, its share price would be between ₹173 to ₹272 in 2026.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2026	173	272

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	173	205
February	176	211
March	178	214
April	180	217
May	183	220
June	185	226
July	188	230
August	197	233
September	200	241
October	208	249
November	212	257
December	225	272

Share Price Target 2027

It has a very strong Speciality Steel Division, which is the biggest part of its business. This division makes high-quality long steel products like bars, wire rods, and wires. These products are used by companies that need strong and dependable materials. The automobile, machinery, engineering, construction, and power industries use this steel because it meets high standards. It invests in new machines and quality checks to make steel that works well in tough conditions. This division gives a large part of the company’s total earnings. In 2027, its share price target would be ₹368, as per stock market analysts.

According to stock market analysts, its share price would be between ₹255 to ₹368 in 2027.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2027	255	368

Share Price Target 2028

This company has an alloy steel division that makes more than 400 grades of steel. Each grade is made for a different purpose, such as strength, toughness, hardness, and durability. This special steel is used in important auto parts like gears, shafts, bearings, engines, and fasteners. Many large automobile companies trust this company because it can make steel exactly as per their needs and global standards. This wide range of alloy steel makes the company an important supplier to India’s growing auto and engineering sector. In 2028, its share price target would be ₹460, as per stock market analysts.

According to stock market analysts, its share price would be between ₹350 to ₹460 in 2028.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2028	350	460

Share Price Target 2029

It is also one of India’s major stainless steel makers. This company makes stainless steel products like wire rods, round bars, and bright bars. Stainless steel is used where rust-free and long-lasting materials are needed, such as in food processing, buildings, transport, aerospace, and power plants. It has created more than 200 grades of stainless steel for different uses. These products are known for their shine, strength, and smooth finish. In 2029, its share price target would be ₹562, as per stock market analysts.

According to stock market analysts, its share price would be between ₹449 to ₹562 in 2029.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2029	449	562

Mukand share price Target 2030

It follows Total Quality Management and encourages continuous improvement through the Kaizen method. Every worker is trained to work with safety, accuracy, and care. It has many quality certifications, including ISO and automotive standards, which show that its steel and machinery meet global rules. The company keeps upgrading machines, testing areas, and inspection tools to maintain trust and high performance. In 2030, its share price target would be ₹667, as per stock market analysts.

According to stock market analysts, its share price would be between ₹550 to ₹667 in 2030.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2030	550	667

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	550	587
February	557	598
March	562	607
April	567	613
May	570	620
June	573	627
July	576	635
August	580	641
September	587	647
October	590	658
November	597	662
December	620	667

Share Price Target 2040

It has received many awards and certifications for its quality, safety, and eco-friendly practices. The company holds certifications in quality management, automotive standards, environmental care, and workplace safety. These certificates indicate that it follows strict international rules in all its work. It has also won awards from industry groups for innovation and product performance. These achievements push the company to keep improving and stay a leader. In 2040, its share price target would be ₹1141, as per stock market analysts.

According to stock market analysts, its share price would be between ₹1034 to ₹1141 in 2040.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2040	1034	1141

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	1034	1069
February	1040	1076
March	1044	1080
April	1047	1083
May	1050	1085
June	1054	1087
July	1059	1095
August	1063	1107
September	1067	1112
October	1072	1120
November	1078	1129
December	1089	1141

Share Price Target 2050

This company invests in research and development to make better steel products and new machine designs. Its R&D team works on making steel stronger, more durable, and suitable for advanced auto and engineering uses. They also test new equipment ideas to improve safety and efficiency. Innovation helps the company stay ahead of competitors. Upgrading technology regularly ensures its products are high-quality and ready for future needs. In 2050, its share price target would be ₹1720, as per stock market analysts.

According to stock market analysts, its share price would be between ₹1570 to ₹1720 in 2050.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2050	1570	1720

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	1570	1611
February	1577	1620
March	1583	1627
April	1589	1635
May	1595	1641
June	1600	1650
July	1617	1657
August	1626	1668
September	1634	1678
October	1640	1685
November	1648	1697
December	1653	1720

Should I buy Mukand stock?

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	84	180
2026	173	272
2027	255	368
2028	350	460
2029	449	562
2030	550	667
2050	1570	1720
2050	1570	1720

The company has good experience in making special steel and big machines, but its recent results are not very strong because its sales and profits have gone down, and it has a lot of debt. It still has some good points, like better cash flow and steady demand from auto and engineering companies, but its earnings keep changing and are not stable. If you want a safe and steady investment, this stock may not suit you. But if you can handle risk and want to invest for many years, you can consider it after checking whether the company reduces its debt and improves its profit in the future.

Mukand earnings results

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	2,923	2,726	4,643	5,568	5,175	4,890	4,658
Expenses +	2,848	3,228	4,404	5,739	4,882	4,605	4,405
Operating Profit	75	-502	239	-172	293	285	254
OPM %	3%	-18%	5%	-3%	6%	6%	5%
Other Income +	68	748	119	573	15	14	49
Interest	364	332	161	177	131	130	137
Depreciation	75	69	45	52	50	51	55
Profit before tax	-296	-155	151	172	127	118	111
Tax %	-19%	32%	-17%	0%	18%	36%
Net Profit +	-240	-204	176	172	104	76	65
EPS in Rs	-16.96	-14.41	12.47	11.89	7.19	5.25	4.47
Dividend Payout %	0%	-7%	12%	17%	28%	38%

Key Metrics

TTM PE Ratio	PB Ratio	Dividend Yield	Sector PE	Sector PB	Sector Div Yld
30.27	2.05	1.47%	28.19	3.21	1.61%

Peers & Comparison

Stock	PE Ratio	PB Ratio	Dividend Yield
Mukand Ltd	25.82	2.05	1.47%
JSW Steel Ltd	81.56	3.50	0.30%
Tata Steel Ltd	62.94	2.36	2.09%
Jindal Steel Ltd	38.69	2.29	0.19%

Is Mukand stock good to buy? (bull case & bear case)

Bull Case:

• Its operating cash flow increased to ₹1,801 mn in FY25 from ₹649 mn in FY24, showing stronger cash generation.
• The company produced 4,99,240 metric tonnes of blooms in FY25, showing a solid production base.
• It earned ₹4,911.16 crore in revenue in FY25, which shows it can manage even in weaker market conditions.
• The company continued paying a ₹2 per share dividend, showing management confidence.
• It makes value-added speciality steel, which can bring better margins if demand from the auto and engineering sectors stays strong.

Bear Case:

• Net profit fell to ₹86.95 crore in FY25 from ₹104.06 crore in FY24, showing lower profitability.
• The net debt-to-equity ratio is high at 1.60 (March 2025), showing high debt pressure.
• Quarterly profit in Q4 FY25 was only ₹10.90 crore, down sharply from ₹29.05 crore last year.

Conclusion

It is an old Indian company that makes special steel and big machines, and it also works with a Japanese company to supply good-quality steel. It has good experience, but its recent results are not very strong because profits have gone down, debt is high, and quarterly performance is weak. The company still has some positives, like steady demand and better cash flow, but the stock is more suitable for long-term investors who can take risks. If you want a safe and stable investment, this stock may not be the right choice unless Mukand reduces its debt and improves its profits in the future.

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