Mukat Pipes (BSE 523832)₹16.67+2.52%Iron & Steel Products
In the Mar 2026 quarter (standalone), Mukat Pipes reported sales of ₹2.34 Cr, up 146.3% from Mar 2025, and net profit of ₹0.29 Cr. For the year to Mar 2026, sales were ₹5.30 Cr and net profit ₹0.04 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.31 | 1.23 | 1.73 | 2.07 | 1.06 | 0.71 | 1.17 | 0.95 | 0.95 | 0.52 | 1.51 | 2.34 |
| Expenses | 1.20 | 1.25 | 1.69 | 2.14 | 1.14 | 0.70 | 1.16 | 1.25 | 1.01 | 0.90 | 1.56 | 2.16 |
| Operating Profit | 0.10 | −0.01 | 0.03 | −0.06 | −0.07 | 0.00 | 0.00 | −0.29 | −0.05 | −0.37 | −0.04 | 0.17 |
| OPM % | 8.5% | −1.7% | 2.3% | −3.4% | −7.6% | 1.4% | 0.9% | −32.0% | −6.4% | −74.5% | −3.3% | 7.7% |
| Other Income | 0.10 | 0.11 | 0.10 | 0.17 | 0.11 | 0.10 | 0.12 | 0.11 | 0.10 | 0.10 | 0.22 | 0.17 |
| Interest | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
| Depreciation | 0.02 | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 0.16 | 0.04 | 0.09 | 0.05 | −0.04 | 0.06 | 0.08 | −0.26 | −0.03 | −0.33 | 0.10 | 0.31 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Profit | 0.14 | 0.02 | 0.07 | 0.03 | −0.02 | 0.04 | 0.06 | −0.24 | −0.01 | −0.33 | 0.10 | 0.29 |
| EPS (Rs) | 0.14 | 0.04 | 0.08 | 0.04 | −0.04 | 0.05 | 0.07 | −0.22 | −0.03 | −0.30 | 0.10 | 0.26 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.75 | 5.28 | 5.46 | 7.98 | 4.49 | 6.16 | 6.13 | 3.32 | 6.31 | 3.86 | 5.30 | 5.32 |
| Expenses | 5.55 | 5.74 | 6.38 | 8.54 | 4.67 | 6.41 | 6.40 | 3.60 | 6.25 | 4.23 | 5.62 | 5.63 |
| Operating Profit | 0.21 | −0.45 | −0.91 | −0.55 | −0.17 | −0.24 | −0.26 | −0.27 | 0.05 | −0.36 | −0.31 | −0.29 |
| OPM % | 3.8% | −8.8% | −16.9% | −7.0% | −4.0% | −4.1% | −4.4% | −8.5% | 1.0% | −9.7% | −6.0% | −5.5% |
| Other Income | 0.03 | 0.54 | 0.46 | 0.47 | 0.38 | 0.42 | 0.42 | 0.41 | 0.50 | 0.47 | 0.63 | 0.59 |
| Interest | 0.02 | 0.17 | 0.12 | 0.13 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.13 | 0.13 | 0.11 |
| Depreciation | 0.11 | 0.13 | 0.13 | 0.12 | 0.12 | 0.14 | 0.14 | 0.12 | 0.12 | 0.12 | 0.12 | 0.08 |
| Profit before tax | 0.12 | −0.22 | −0.71 | −0.36 | −0.06 | −0.08 | −0.12 | −0.12 | 0.30 | −0.17 | 0.06 | 0.05 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.09 | −0.20 | −0.69 | −0.34 | −0.04 | −0.08 | −0.11 | −0.11 | 0.29 | −0.15 | 0.04 | 0.05 |
| EPS (Rs) | 0.09 | −0.19 | −0.60 | −0.31 | −0.05 | −0.09 | −0.11 | −0.11 | 0.26 | −0.15 | 0.05 | 0.03 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.82 | 5.93 | 5.93 | 5.93 | 5.91 | 5.91 | 5.93 | 5.91 | 5.93 | 5.91 | 5.91 | 5.92 |
| Reserves | −15.01 | −11.17 | −11.55 | −12.24 | −12.58 | −12.65 | −12.73 | −12.84 | −13.12 | −12.74 | −12.90 | −12.74 |
| Borrowings | 6.05 | 3.11 | 3.26 | 3.34 | 3.36 | 3.47 | 3.61 | 3.56 | 3.58 | 3.54 | 3.54 | 3.47 |
| Other Liabilities | 7.61 | 8.84 | 9.41 | 10.87 | 8.78 | 7.72 | 7.86 | 7.45 | 8.03 | 8.47 | 7.50 | 8.61 |
| Total Liabilities | 6.47 | 6.71 | 7.05 | 7.90 | 5.47 | 4.45 | 4.67 | 4.08 | 4.42 | 5.18 | 4.05 | 5.26 |
| Fixed Assets | 1.83 | 1.76 | 1.64 | 1.75 | 1.61 | 1.50 | 1.39 | 1.16 | 1.06 | 0.95 | 0.85 | 0.83 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 4.64 | 4.95 | 5.41 | 6.15 | 3.86 | 2.95 | 3.28 | 2.92 | 3.36 | 4.23 | 3.20 | 4.43 |
| Inventories | 1.28 | 1.23 | 1.28 | 1.59 | 1.31 | 0.63 | 0.75 | 0.36 | 0.89 | 0.84 | 0.22 | 0.38 |
| Trade receivables | 1.40 | 1.84 | 0.93 | 0.75 | 0.06 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.03 |
| Cash & equivalents | 0.24 | 0.33 | 0.31 | 0.27 | 0.22 | 0.20 | 0.43 | 0.45 | 0.50 | 1.70 | 1.20 | 1.21 |
| Total Assets | 6.47 | 6.71 | 7.05 | 7.90 | 5.47 | 4.45 | 4.67 | 4.08 | 4.42 | 5.18 | 4.05 | 5.26 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.27 | 0.92 | 0.02 | 0.02 | 0.20 | −0.02 | 0.24 | 0.16 | 0.08 | 1.31 | −0.31 | 0.13 |
| Cash from investing activity | −0.26 | −0.02 | 0.01 | −0.04 | −0.13 | 0.00 | 0.00 | 0.01 | 0.09 | 0.04 | −0.03 | 0.07 |
| Cash from financing activity | −0.09 | −0.78 | −0.04 | −0.01 | −0.11 | 0.00 | −0.01 | −0.16 | −0.13 | −0.16 | −0.15 | −0.20 |
| Net cash flow | −0.10 | 0.10 | −0.03 | −0.05 | −0.06 | −0.03 | 0.25 | 0.03 | 0.06 | 1.21 | −0.51 | 0.02 |
| Capex | 0.30 | 0.04 | 0.00 | 0.20 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 | 0.02 | 0.09 |
| Free cash flow | 0.00 | 0.87 | 0.02 | −0.19 | 0.20 | −0.03 | 0.25 | 0.26 | 0.07 | 1.31 | −0.34 | 0.05 |
| CFO / OP % | −15.1% | 495.0% | −35.1% | −3.0% | −38.0% | 6.0% | −100.1% | −63.1% | −82.1% | 2,082.9% | 80.9% | −6.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 90 | 118 | 66 | 52 | 4 | 3 | 0 | 0 | 0 | 0 | 0 | 73 |
| Inventory days | 167 | 558 | 161 | 141 | 81 | 91 | 59 | 28 | 232 | 80 | 37 | 108 |
| Days payable | 328 | 1,014 | 49 | 35 | 6 | 12 | 5 | 7 | 16 | 4 | 3 | 490 |
| Cash conversion cycle | −71 | −338 | 178 | 158 | 79 | 83 | 55 | 22 | 217 | 77 | 35 | −310 |
| Working capital days | −233 | −281 | −24 | −52 | −44 | −48 | −37 | −58 | −87 | −72 | −88 | −67 |
For the Mar 2026 quarter, Mukat Pipes reported sales of ₹2.34 Cr, up 146.3% year on year and net profit of ₹0.29 Cr. The operating margin was 7.7%.
Mukat Pipes' sales for the year to Mar 2026 were ₹5.30 Cr; over the last twelve months they were ₹5.32 Cr.
Net profit for the year to Mar 2026 was ₹0.04 Cr, and ₹0.05 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.03.
Mukat Pipes reported borrowings of ₹3.47 Cr at Mar 2026, against cash and equivalents of ₹1.21 Cr.
Cash from operations was ₹0.13 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.05 Cr.