Mukat Pipes Ltd

Mukat Pipes Ltd (MUKATPIP) is a micro-cap Industrial Products company valued at ₹19 crore operating in Iron & Steel Products on the NSE and BSE.

Recent price move

Mukat Pipes Ltd last traded at ₹15.43, modestly down 1.91% on the day.

Recent developments

2026-09-07: The DocStoX score increased to 3.9, but the verdict remained 'avoid' due to continued weakness in balance-sheet safety. 2026-07-16: The score was 2.6, indicating significant concerns about the company's financial health. 2026-06-30: The latest quarter showed a widening net profit loss despite higher revenue.

Financial performance

The company's revenue grew 37.4% annually, but net profit swung from a loss to a profit without changing the fact that it remains at zero. The latest quarter saw revenue jump 70.2% year-over-year, but the net profit loss widened slightly. Margins improved significantly, with the net profit margin rising 5.1 percentage points to 0.9%, but returns remain weak, with return on equity at 2.3% and return on capital employed at -0.6%.

Valuation multiples

The stock trades at 385.8 times earnings, -2.77 times book value.

Things to watch

The company has a low interest coverage ratio, indicating potential difficulty in meeting debt obligations. The balance-sheet safety score is zero, highlighting severe financial weakness. The net profit remains at zero, showing no real profitability despite revenue growth.

Where it stands

The DocStoX verdict of 'avoid' follows from the company's weak balance-sheet safety and lack of real profitability, despite revenue growth. The most critical factor is the zero net profit and low interest coverage ratio, which signal ongoing financial distress.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.