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 ₹ 841 Cr.
- Current Price ₹ 84.1
- High / Low ₹ 115 / 42.2
- Stock P/E 24.8
- Book Value ₹ 38.8
- Dividend Yield 2.38 %
- ROCE 8.71 %
- ROE 5.96 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 24.3%
Cons
- Company has a low return on equity of 6.99% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|
1,214 | 1,236 | 2,123 | 1,916 | 1,984 | 1,958 | |
1,143 | 1,190 | 2,040 | 1,833 | 1,894 | 1,850 | |
Operating Profit | 71 | 45 | 83 | 83 | 90 | 108 |
OPM % | 6% | 4% | 4% | 4% | 5% | 6% |
3 | 5 | 5 | 5 | 60 | -7 | |
Interest | 4 | 12 | 16 | 12 | 27 | 29 |
Depreciation | 20 | 32 | 39 | 36 | 53 | 55 |
Profit before tax | 49 | 7 | 33 | 41 | 70 | 17 |
Tax % | 23% | 44% | 38% | 27% | 27% | |
37 | 4 | 20 | 30 | 52 | 4 | |
EPS in Rs | 3.60 | 0.41 | 2.06 | 2.68 | 5.61 | 1.51 |
Dividend Payout % | 28% | 0% | 0% | 37% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 76% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 10% |
3 Years: | 17% |
1 Year: | 96% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 7% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 |
Reserves | 277 | 269 | 291 | 317 | 364 | 368 |
47 | 123 | 147 | 116 | 282 | 278 | |
220 | 383 | 405 | 508 | 602 | 565 | |
Total Liabilities | 564 | 796 | 862 | 961 | 1,268 | 1,231 |
200 | 343 | 303 | 263 | 416 | 415 | |
CWIP | 25 | 2 | 1 | 4 | 8 | 4 |
Investments | 7 | 21 | 26 | 118 | 104 | 146 |
332 | 430 | 531 | 576 | 740 | 666 | |
Total Assets | 564 | 796 | 862 | 961 | 1,268 | 1,231 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
26 | 87 | 59 | 137 | 33 | |
-15 | -139 | -14 | -99 | 37 | |
-5 | 47 | -45 | -50 | -65 | |
Net Cash Flow | 6 | -5 | -0 | -13 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 49 | 79 | 66 | 74 | 80 |
Inventory Days | 30 | 36 | 17 | 26 | 50 |
Days Payable | 60 | 110 | 53 | 58 | 76 |
Cash Conversion Cycle | 18 | 6 | 30 | 41 | 55 |
Working Capital Days | 10 | 9 | 19 | 14 | 26 |
ROCE % | 5% | 11% | 11% | 9% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 20 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015, For The Year Ended March 31, 2024 20 Apr
- Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 20 Apr
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Announcement under Regulation 30 (LODR)-Change in Directorate
18 Apr - Disclosure under regulation 30 of SEBI (LODR), 2015 for change in Directorate
- Board Meeting Outcome for Outcome Of 197Th Board Meeting And Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 18 Apr
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
from nse
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Financial Year 2010
from bse
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]