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Mukat Pipes Ltd (523832)

📊 BSE: 523832 🏢 Iron & Steel Products 📢 Latest filing: 30 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Mukat Pipes' revenue was ₹1.6 Cr (+70.5% year on year, -31.2% on the previous quarter), and net profit ₹-0.1 Cr (a bigger loss than a year earlier); the operating margin was -11.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.6	+70.5%	-31.2%
Operating profit	₹-0.2	loss widened	to loss
Net profit	₹-0.1	loss widened	to loss
EPS (₹)	-0.11	loss widened	to loss
Operating margin	-11.2%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Mukat Pipes Shareholders Approve 3-Year Re-Appointments of Chairman and Whole Time Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 30 Sep 2026, 03:29 PM

Mukat Pipes Limited announced that shareholders approved the re-appointment of two key managerial personnel at its 39th AGM held on September 28, 2026. Mrs. Sandeep Kaur Ahluwalia has been re-appointed as Whole Time Director for a 3-year term from October 1, 2026, to September 30, 2029. Additionally, Mr. Roopinder Singh was re-appointed as Whole Time Director designated as Chairman cum Executive Director for a 3-year term effective July 1, 2026, to June 30, 2029. The re-appointments maintain leadership continuity for the micro-cap steel pipe manufacturer (market cap of Rs 15 Cr).

Re-appointment of Mrs. Sandeep Kaur Ahluwalia as Whole Time Director for 3 years from 01.10.2026 to 30.09.2029
Re-appointment of Mr. Roopinder Singh as Chairman cum Executive Director for 3 years from 01.07.2026 to 30.06.2029
Shareholder approval secured at the 39th AGM conducted on 28.09.2026

💡 Track subsequent quarterly operational performance (TTM revenue at Rs 6 Cr) to see if leadership can improve ongoing operating losses and restore positive net worth.

Mukat Pipes Shareholders Approve 3-Year Re-Appointments of Chairman and Whole Time Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 30 Sep 2026, 03:25 PM

Re-appointment of Mrs. Sandeep Kaur Ahluwalia as Whole Time Director for 3 years from 01.10.2026 to 30.09.2029
Re-appointment of Mr. Roopinder Singh as Chairman cum Executive Director for 3 years from 01.07.2026 to 30.06.2029
Shareholder approval secured at the 39th AGM conducted on 28.09.2026

💡 Track subsequent quarterly operational performance (TTM revenue at Rs 6 Cr) to see if leadership can improve ongoing operating losses and restore positive net worth.

Mukat Pipes Re-appoints Sandeep Kaur Ahluwalia as Whole Time Director for 3 Years

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 12 Aug 2026, 05:30 PM

Mukat Pipes has approved the re-appointment of Mrs. Sandeep Kaur Ahluwalia as Whole Time Director for a three-year term starting October 1, 2026. Mrs. Ahluwalia, a member of the promoter family and sister to the Chairman, has been with the company since 2007. This move ensures leadership continuity for the micro-cap firm, which currently operates with a very small TTM revenue of Rs 5 Cr and a negative net worth of Rs -7 Cr. The appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Re-appointment of Mrs. Sandeep Kaur Ahluwalia for a 3-year term effective October 1, 2026
Director has been associated with the company for 19 years, since 2007
Company maintains a high promoter holding of 73.71% as of June 2026
Financial context shows a negative net worth of Rs -7 Cr against a market cap of Rs 29 Cr

💡 Investors should monitor the upcoming Annual General Meeting for shareholder approval and look for any management commentary regarding the company's plan to address its negative net worth.

Mukat Pipes Q1 FY27: Revenue Up 70% YoY to ₹1.60 Cr, Swings to Net Loss of ₹13.44 Lacs

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 05:23 PM

Mukat Pipes reported a 70% YoY increase in revenue from operations to ₹1.60 Cr for the quarter ended June 30, 2026. However, the company swung to a net loss of ₹13.44 Lacs, a sharp decline from the ₹29.84 Lacs profit recorded in the preceding March 2026 quarter. Total expenses rose to ₹1.85 Cr, primarily driven by a significant increase in material costs (₹83.14 Lacs). The company's financial position remains precarious with a negative net worth, as reserves stood at ₹-12.74 Cr as of the last annual filing.

Revenue from operations increased 70.1% YoY to ₹160.25 Lacs from ₹94.19 Lacs.
Net loss of ₹13.44 Lacs reported for Q1 FY27, compared to a profit of ₹29.84 Lacs in Q4 FY26.
Cost of materials consumed surged to ₹83.14 Lacs, up from ₹25.97 Lacs in the year-ago quarter.
Negative reserves of ₹1,273.75 Lacs continue to weigh on the balance sheet.
Earnings Per Share (EPS) turned negative at ₹-0.11 for the quarter.

💡 Investors should monitor the company's ability to manage raw material costs, which spiked this quarter, and track whether the YoY revenue growth can be sustained to eventually offset accumulated losses. The negative net worth remains a critical structural risk factor.

Mukat Pipes Reports Q1 FY27 Net Loss of ₹0.13 Cr; Revenue at ₹1.60 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 05:13 PM

Mukat Pipes reported a net loss of ₹0.13 crore for the quarter ended June 30, 2026, swinging back from a profit of ₹0.30 crore in the previous quarter. Revenue from operations stood at ₹1.60 crore, representing a 31% sequential decline from March 2026, though it grew 70% year-on-year. The company's financial position remains precarious with a negative net worth of ₹7 crore. Additionally, the board approved the re-appointment of Mrs. Sandeep Kaur Ahluwalia as Whole Time Director for a three-year term.

Revenue from operations grew 70% year-on-year to ₹1.60 crore compared to ₹0.94 crore in June 2025.
Reported a net loss of ₹0.13 crore for Q1 FY27, reversing the profit trend seen in the previous two quarters.
Total expenses of ₹1.85 crore exceeded the total income of ₹1.71 crore for the quarter.
Mrs. Sandeep Kaur Ahluwalia re-appointed as Whole Time Director for 3 years effective October 1, 2026.
Negative EPS of ₹0.11 for the quarter compared to ₹0.25 in the preceding quarter.

💡 Investors should monitor if the company can achieve consistent quarterly revenues above ₹2.5 crore to reach a break-even point, given its current negative net worth of ₹7 crore.

Aug 12 Board Meeting to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 03 Aug 2026, 05:07 PM

Mukat Pipes Ltd has scheduled a board meeting for August 12, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of Rs 27 Cr and a very small revenue base of Rs 5 Cr (TTM). Given the company's negative net worth of Rs -7 Cr, these quarterly results are essential for monitoring its financial stability. The trading window for designated persons is currently closed and will reopen 48 hours after the results are declared.

Board meeting scheduled for August 12, 2026, to review Q1 FY27 results
Financials to be reviewed for the quarter ended June 30, 2026
Trading window closed for designated persons until 48 hours post-announcement
Company reported a marginal net profit of Rs 0.05 Cr in FY26
TTM revenue stands at a low base of Rs 5 Cr

💡 Monitor the results on August 12, 2026, specifically looking for any improvement in the negative net worth position and revenue growth from the current Rs 5 Cr TTM level.

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