india based manufacturer of stainless steel ,india based manufacturer of alloy steel ,stainless steel billets ,exporter of hot rolled bars ,exporter of alloy steel billets ,manufacturers of special steel wire rods ,manufacturers of bright bars ,india based manufacturer of bars ,heavy steel castings ,exporters of heavy steel castings ,manufacturers of heavy steel castings ,exporters of blooms>
,exporters of hot rolled bars ,exporter of special steel billets ,exporter of stainless steel billets ,manufacturers of special steel wire rods india ,manufacturers of bright bars india ,manufacturer of bars india ,manufacturers of heavy steel castings india ,
Mukand Ltd., registered under The Companies Act, 1956, is a widely-held public limited company with over 49,700 equity shareholders and over 45,600 cumulative preference shareholders. The Company is listed on The Stock Exchange, Mumbai and on the National Stock Exchange of India Limited. Notes : By Order of the Board of Directors For Mukand Ltd. Rajesh V. Shah
![]()






![]()
![]()
![]()
![]()
![]()
![]()
![]()

![]()
![]()
Regd. Office : Bajaj Bhavan, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai 400 021
STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30,2008
MUKAND LIMITED
Rs. in lakhs
Three Months ended
Year ended
Particulars
Jun-08
Jun-07
31-Mar-08
(1)
INCOME
Net Sales and Other Income
a)
Gross Sales
63,291.12
49,809.61
220,050.49
Less : Excise Duty Recovered
7,358.86
6,447.54
27,371.69
Net Sales
55,932.26
43,362.07
192,678.80
b)
Other Income
310.85
395.28
2,145.41
Net Sales and Other Income
56,243.11
43,757.35
194,824.21
(2)
EXPENDITURE
a)
(Increase)/Decrease in Stock in Trade
(1,401.55)
(3,475.01)
(14,530.01)
b)
Consumption of Raw Materials
27,936.64
20,295.82
96,792.58
c)
Purchase of Goods for Trade
385.06
643.34
2,764.29
d)
Stores, Spares, Components, Tools, etc. consumed
8,184.24
7,492.48
31,771.65
e)
Staff Costs
2,240.44
1,994.17
8,530.26
f)
Power & Fuel
3,925.27
3,059.19
12,770.16
g)
Contract Execution Costs
2,559.04
2,212.42
8,751.20
h)
Other Expenditure
6,833.07
6,274.16
26,265.29
i)
Depreciation
1,411.29
1,380.24
5,794.26
j)
Expenditure Capitalised
(597.61)
(815.22)
(3,481.09)
Total Expenditure
51,475.89
39,061.59
175,428.59
(3)
Finance and Lease Charges
3,224.14
2,583.31
11,308.27
(4)
Exceptional Items (net income)
(902.13)
(5)
Profit from ordinary activities before tax
1,543.08
2,112.45
8,989.48
(6)
Less : Provision for taxation
- Fringe Benefit Tax
28.71
22.50
100.24
- Wealth Tax
6.30
- Current Tax (MAT)
171.84
149.57
927.35
- Deferred Tax
400.98
769.14
2,943.14
- MAT Credit Entitlement
(171.84)
(149.57)
(927.35)
(7)
Profit from ordinary activities after Tax
1,113.39
1,320.81
5,939.80
(8)
Prior Period Adjustments (net)
2.31
(0.68)
(698.10)
(9)
Excess/(Short) Provision for tax for earlier years (net)
(17.49)
(10)
Net profit for the period
1,115.70
1,320.13
5,224.21
(11)
Paid-up Equity ShareCapital (Face value Rs 10/- per share)
7,312.57
7,312.57
7,312.57
(12)
Reserves (excluding Revaluation Reserve)
56,875.19
(13)
Earnings per Share :
1.53
1.81
7.15
(14)
Aggregate of Public Shareholding
Number of Shares
35,965,903
38,875,449
36,298,961
Percentage of Holding
49.19%
53.17%
49.65%
MUKAND LIMITED
Three Months ended
Rs. Lakh
Jun-08
Jun-07
31-Mar-08
SEGMENT REVENUE
1)
Steel
55,009.69
42,979.14
190,163.15
2)
Industrial Machinery
7,223.65
5,725.90
27,413.75
3)
Road Construction
1,687.63
1,794.24
5,839.94
4)
Other Products
164.94
414.17
1,310.40
Sub-total
64,085.91
50,913.45
224,727.24
Less : Inter Segment Revenue
(794.79)
(1,103.84)
(4,676.75)
Total Segment Revenue
63,291.12
49,809.61
220,050.49
Less : Excise Duty
(7,358.86)
(6,447.54)
(27,371.69)
Total Segment Revenue (net ofexcise duty)
55,932.26
43,362.07
192,678.80
SEGMENT RESULT
1)
Steel
3,460.53
4,161.87
15,117.37
2)
Industrial Machinery
1,922.88
1,190.41
6,851.60
3)
Road Construction
(385.92)
(419.33)
(1,514.84)
4)
Other Products
35.12
28.83
54.47
Less : Inter segment margin
(114.24)
(159.39)
(679.78)
Total Segment Result
4,918.37
4,802.39
19,828.82
Add / (Less) :
Other un-allocable expenditure net of un-allocable income
(148.84)
(107.31)
(1,131.30)
Profit before Interest and exceptional items
4,769.53
4,695.08
18,697.52
Add / (Less) :
Finance / Lease charges (net)
(3,224.14)
(2,583.31)
(11,308.27)
Exceptional Items - net income
902.13
Profit after Prior period adjustments and before tax
1,545.39
2,111.77
8,291.38
Capital Employed as on
30-Jun-08
30-Jun-07
31-Mar-08
1)
Steel
162,350.74
122,790.90
152,885.06
2)
Industrial Machinery
5,891.95
6,560.94
5,701.27
3)
Road Construction
23,382.22
20,677.97
23,093.37
4)
Other Products
29.82
292.32
70.62
5)
Unallocable
28,995.91
35,709.11
30,512.27
Total Capital Employed
220,650.64
186,031.24
212,262.59
a
The Company continues to rely upon market value of unencumbered assets and the earnings from ongoing business of Stainless India Limited and Bombay Forgings Limited. As regards exposure of investments and other dues from its two wholly owned subsidiaries, it relies upon the unsecured financial assets of Vidyavihar Containers Limited and the realization from the financial assets of Mukand Global Finance Ltd.
b
Regarding recoverability of loans from Companies whose net-worth have eroded, the Company continues to rely upon the amounts likely to be realized from the unsecured financial assets of these companies in a time bound schedule given by these companies for re-payment of loans.
c
Regarding recoverability of loans from Companies whose net-worth have eroded, the Company continues to rely upon the amounts likely to be realized from the unsecured financial assets of these companies in a time bound schedule given by these companies for re-payment of loans.
Place : Mumbai
Date : 29th July, 2008
Niraj Bajaj
Chairman & Managing Director
Co-Chairman & Managing Director
(A)
Shareholding of Promoter and promoter Group
(1)
(a)
21
9,425,560
8,922,804
12.89
12.89
(b)
-
-
( c )
19
27,722,666
26,971,786
37.92
37.92
(d)
-
-
(e)
-
-
40
37,148,226
35,894,590
50.81
50.81
(2)
(a)
-
-
(b)
-
-
( c )
-
-
(d)
-
-
-
-
(B)
(1)
(a)
10
2,801,224
2,800,223
3.83
3.83
(b)
45
255,062
250,573
0.35
0.35
( c )
-
-
(d)
-
-
(e)
6
7,604,184
7,603,209
10.40
10.40
(f)
25
5,652,410
5,621,447
7.73
7.73
(g)
-
-
(h)
86
16,312,880
16,275,452
22.31
22.31
(2)
(a)
799
6,177,894
5,733,570
8.45
8.45
(b)
45,882
8,502,718
7,251,239
11.63
11.63
120
4,717,857
4,078,454
6.45
6.45
( c )
68
94,002
94,002
0.13
0.13
199
0.22
0.22
47,068
19,653,023
17,305,652
26.87
26.87
47,154
35,965,903
33,581,104
49.19
49.19
(C)
-
-
47,194
73,114,129
69,475,694
100.00
100.00
(1)(b)
Statement showing shareholding of persons belonging to the category of Promoter and Promoter Group
Quarter Ended JUNE 30, 2008
Sr No.
Name of the Shareholder
No. of Shares
Shares as % age of the total No of
Shares {I.e grand total (A)+(B)+(C)
indicated in statement at para (1)(a) above}
1
Shri Rahul Bajaj
166,792
0.23
2
Shri Niraj Bajaj
98,200
0.13
3
Shri Rajesh V Shah
3,648,065
4.99
4
Shri Suketu V Shah
3,647,668
4.99
5
Smt Savitridevi Bajaj
6,018
0.01
6
Shri Shishir Bajaj
42,037
0.06
7
Shri Shekhar Bajaj
128,911
0.18
8
Shri Madhur Bajaj
313,070
0.43
9
Smt Ruparani Bajaj
100,200
0.14
10
Smt Minakshi Bajaj
4,680
0.01
11
Shri Apoorva Bajaj
4,000
0.01
12
Shri Anant Bajaj
9,000
0.01
13
Smt Suman Jain
1,520
0.00
14
Smt Sunaina Kejriwal
100
0.00
15
Shri Viren J Shah
18,352
0.03
16
Shri Narendrakumar J Shah
99,605
0.14
17
Kum Amita Virendrakumar Shah
3,875
0.01
18
Smt Anjana K Munsif
12,282
0.02
19
Smt Jyoti Shah
18,117
0.02
20
Smt Bansri Rajesh Shah
551,186
0.75
21
Smt Czaee Sukumar Shah
551,882
0.75
22
Bachhraj & Co Pvt.Ltd
1,360,471
1.86
23
Jeewan Limited
3,688,336
5.04
24
Jamnalal Sons Pvt Ltd
12,981,061
17.75
25
Bajaj Holdings & Investment Ltd
4,012,030
5.49
26
Niraj Holdings Pvt Ltd.
500
0.00
27
Bachhraj Factories Ltd
689,084
0.94
28
Bajaj Sevashram Ltd
80
0.00
29
Bajaj Hindusthan Ltd
9,750
0.01
30
Baroda Industries Pvt Ltd
956,349
1.31
31
Akhil Investments & Traders Pvt Ltd
260
0.00
32
Sidya Investments Ltd
160,000
0.22
33
Conquest Investments & Finance Ltd
288,320
0.39
34
Catalyst Finance Ltd
647,160
0.89
35
Econium Investments & Finance Ltd
391,760
0.54
36
Fusion Investments & Financial Services Ltd
825,680
1.13
37
Lineage Investments Ltd
664,000
0.91
38
Primus Investments & Finance Ltd
366,365
0.50
39
Mukand Engineers Ltd
681,200
0.93
40
Valiant Investments & Trades Pvt Ltd
260
0.00
TOTAL
37,148,226
50.81
(1) ( c )
Statement showing shareholding of persons belonging to the category "Public" and holding more than 1%of the total number of shares
Sr No.
Name of the Shareholder
No. of Shares
Shares as % age of the total
No of Shares {I.e grand total
(A)+(B)+(C) indicated in
statement at para (1)(a) above}
1
Life Insurance Corporation of India
7,228,076
9.89
2
Vinamran Universal Traders Pvt Ltd
2,994,909
4.10
2
ICICI Prudential Mutual Fund
2,795,197
3.82
3
Goldman Sachs Investments (Mauritius) I Ltd
1,691,670
2.31
4
Swiss Finance Corporation (Marutius) I Ltd
1,360,659
1.86
6
Clsa (Marutius) Limited
1,027,279
1.41
7
JM Financial Services Private Limited
1,000,100
1.37
8
Union Investment :uxembourg S A a/c
800,000
1.09
9
Bajaj Auto Employees Welfare Funds
784,682
1.07
TOTAL
19,682,572
26.92
(1)(d)
Statement showing details of locked-in-shares
No. of Shares
Shares as % age of the total No of Shares {I.e grand total (A)+(B)+(C) indicated in statement at para (1)(a) above}
Nil
(1)(a)
Statement showing details of locked-in-shares
No. of Shares
Shares as % age of the total No of Shares {I.e grand total (A)+(B)+(C) indicated in statement at para (1)(a) above}
Nil
(1)(b)
Statement showing details of locked-in-shares
No. of Shares
Shares as % age of the total No of Shares {I.e grand total (A)+(B)+(C) indicated in statement at para (1)(a) above}
Nil
Site Promoted by Promotionfactory.com