Munjal Auto Industries Ltd
Munjal Auto Industries Limited is a Vadodara-based leading auto component manufacturing company in India producing different types of auto components. It is a part of the Hero Group of companies, sporting flagship companies like Hero Motocorp Ltd with the Satyanand Munjal family holding almost 75% of its total share capital.[1][2][3] [4]
- Market Cap ₹ 795 Cr.
- Current Price ₹ 79.5
- High / Low ₹ 115 / 36.1
- Stock P/E 20.8
- Book Value ₹ 39.3
- Dividend Yield 2.52 %
- ROCE 12.0 %
- ROE 8.73 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.2%
Cons
- The company has delivered a poor sales growth of 8.89% over past five years.
- Company has a low return on equity of 7.41% over last 3 years.
- Earnings include an other income of Rs.31.7 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
680 | 717 | 816 | 888 | 885 | 850 | 1,033 | 1,147 | 1,140 | 1,982 | 1,707 | 1,581 | 1,386 | |
617 | 663 | 753 | 819 | 839 | 788 | 961 | 1,084 | 1,111 | 1,927 | 1,660 | 1,525 | 1,337 | |
Operating Profit | 62 | 54 | 64 | 69 | 46 | 62 | 73 | 63 | 28 | 55 | 47 | 56 | 50 |
OPM % | 9% | 8% | 8% | 8% | 5% | 7% | 7% | 5% | 2% | 3% | 3% | 4% | 4% |
4 | 6 | 4 | 4 | 3 | 5 | 4 | 2 | 9 | 9 | 9 | 61 | 32 | |
Interest | 8 | 7 | 6 | 9 | 8 | 6 | 4 | 4 | 8 | 9 | 5 | 4 | 4 |
Depreciation | 10 | 11 | 12 | 15 | 17 | 17 | 18 | 19 | 22 | 22 | 21 | 20 | 20 |
Profit before tax | 48 | 42 | 49 | 49 | 25 | 44 | 54 | 43 | 7 | 33 | 30 | 92 | 58 |
Tax % | 8% | 5% | 4% | 23% | 19% | 22% | 24% | 22% | 28% | 36% | 31% | 29% | |
44 | 39 | 48 | 38 | 20 | 35 | 42 | 33 | 5 | 21 | 21 | 66 | 38 | |
EPS in Rs | 4.43 | 3.95 | 4.77 | 3.80 | 2.01 | 3.46 | 4.16 | 3.32 | 0.49 | 2.10 | 2.08 | 6.57 | 3.83 |
Dividend Payout % | 23% | 25% | 26% | 33% | 35% | 29% | 29% | 30% | 0% | 0% | 48% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 9% |
3 Years: | 12% |
TTM: | -11% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | -5% |
3 Years: | 86% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 8% |
3 Years: | 14% |
1 Year: | 121% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Reserves | 116 | 143 | 176 | 197 | 209 | 243 | 263 | 281 | 274 | 295 | 316 | 373 | 373 |
67 | 66 | 82 | 80 | 69 | 44 | 29 | 33 | 90 | 79 | 57 | 43 | 33 | |
117 | 105 | 131 | 131 | 126 | 131 | 170 | 185 | 311 | 348 | 379 | 343 | 310 | |
Total Liabilities | 309 | 323 | 399 | 418 | 414 | 428 | 482 | 520 | 695 | 742 | 772 | 778 | 737 |
129 | 127 | 132 | 175 | 176 | 181 | 175 | 206 | 282 | 251 | 225 | 214 | 214 | |
CWIP | 2 | 6 | 42 | 22 | 14 | 2 | 1 | 4 | 2 | 1 | 1 | 8 | 4 |
Investments | 49 | 61 | 45 | 27 | 22 | 48 | 63 | 37 | 49 | 56 | 148 | 135 | 176 |
128 | 130 | 181 | 195 | 202 | 197 | 243 | 272 | 363 | 434 | 399 | 421 | 342 | |
Total Assets | 309 | 323 | 399 | 418 | 414 | 428 | 482 | 520 | 695 | 742 | 772 | 778 | 737 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
41 | 44 | 39 | 35 | 44 | 64 | 68 | 35 | 35 | 35 | 100 | -20 | |
-29 | -19 | -34 | -18 | -2 | -34 | -22 | -23 | -67 | -6 | -84 | 59 | |
-12 | -20 | -1 | -25 | -42 | -31 | -32 | -14 | 35 | -29 | -29 | -33 | |
Net Cash Flow | -0 | 6 | 4 | -7 | -0 | -1 | 14 | -1 | 2 | -0 | -13 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 37 | 46 | 45 | 53 | 57 | 56 | 46 | 82 | 62 | 70 | 80 |
Inventory Days | 15 | 17 | 17 | 22 | 15 | 14 | 13 | 25 | 26 | 12 | 10 | 12 |
Days Payable | 60 | 47 | 51 | 47 | 50 | 59 | 62 | 55 | 104 | 49 | 44 | 63 |
Cash Conversion Cycle | 4 | 7 | 12 | 20 | 18 | 12 | 6 | 16 | 4 | 25 | 36 | 29 |
Working Capital Days | -2 | -4 | 0 | 10 | 16 | 11 | 5 | 7 | 12 | 12 | 4 | 18 |
ROCE % | 32% | 24% | 22% | 21% | 11% | 17% | 19% | 15% | 4% | 11% | 9% | 12% |
Documents
Announcements
- Closure of Trading Window 14h
- Clarification Required From BSE By Email Id Query.Lodr@Bseindia.Com Dated February 28, 2024, In Respect Of Our Earlier Disclosure Dated February 17, 2024, We Hereby Submit A Copy Of Notice Dated February 16, 2024, Issued By IT Department, Vadodara 14 Mar
- Intimation Under Regulation 30(13) Of SEBI (LODR) Regulations, 2015 5 Mar
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 29 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Feb
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Market Position
The company is among the largest manufacturers of Exhaust Systems in the world, manufacturing close to 32,000 systems per day. Besides this, it also produces more than 10,000 Spoke Rims for motorcycles and Steel Wheel Rim every day. [1]