Munjal Showa Ltd

Munjal Showa Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Munjal Showa Ltd

₹ 140 -1.60%
30 May - close price
munjalshowa.net BSE: 520043 NSE: MUNJALSHOW
About

Incorporated in 1985, Munjal Showa
Ltd manufactures auto components
for two-wheelers and four-wheeler[1]

Key Points

Business Overview:[1][2]
MSL is a part of the Hero Group.
It is an ISO 9002, QS 9000, and ISO
9001 certified company which operates
as an ancillary and manufactures auto components for two-wheelers and
four-wheeler industry, primary products
being front forks, shock absorbers, struts,
gas springs and window balancers. It has a collaboration with Hitachi Japan, to provide design solutions for Indian OEMs.

Website BSE NSE
  • Market Cap ₹ 559 Cr.
  • Current Price ₹ 140
  • High / Low ₹ 193 / 104
  • Stock P/E 19.4
  • Book Value ₹ 169
  • Dividend Yield 3.22 %
  • ROCE 5.26 %
  • ROE 4.31 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.83 times its book value
  • Stock is providing a good dividend yield of 3.22%.
  • Company has been maintaining a healthy dividend payout of 59.1%

Cons

  • The company has delivered a poor sales growth of -0.59% over past five years.
  • Company has a low return on equity of 4.05% over last 3 years.
  • Earnings include an other income of Rs.30.3 Cr.
  • Working capital days have increased from 71.6 days to 128 days

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
296.25 317.74 316.41 307.53 298.85 287.87 287.26 303.32 294.29 310.75 317.72 319.08 302.89
287.59 314.51 313.40 299.52 282.91 280.82 289.00 299.91 287.55 303.54 322.95 311.34 295.70
Operating Profit 8.66 3.23 3.01 8.01 15.94 7.05 -1.74 3.41 6.74 7.21 -5.23 7.74 7.19
OPM % 2.92% 1.02% 0.95% 2.60% 5.33% 2.45% -0.61% 1.12% 2.29% 2.32% -1.65% 2.43% 2.37%
1.95 0.05 8.77 -0.11 15.12 11.18 5.98 9.82 6.13 9.18 9.21 3.30 8.59
Interest 0.00 0.01 0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01
Depreciation 2.89 2.93 2.85 2.99 3.02 3.02 3.08 3.13 3.05 2.96 3.10 2.99 2.95
Profit before tax 7.72 0.34 8.91 4.90 28.03 15.21 1.16 10.10 9.82 13.43 0.87 8.05 12.82
Tax % 8.68% 8.82% 18.63% 35.92% 24.40% 16.11% -32.76% 14.46% 20.26% 11.32% -136.78% 25.71% 30.42%
7.04 0.30 7.26 3.14 21.20 12.76 1.54 8.64 7.82 11.92 2.05 5.98 8.92
EPS in Rs 1.76 0.08 1.82 0.79 5.30 3.19 0.39 2.16 1.96 2.98 0.51 1.50 2.23
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,595 1,643 1,502 1,460 1,581 1,669 1,288 1,085 1,060 1,241 1,173 1,250
1,489 1,516 1,389 1,360 1,468 1,581 1,233 1,061 1,052 1,210 1,157 1,234
Operating Profit 106 127 113 100 113 88 55 24 8 30 16 17
OPM % 7% 8% 8% 7% 7% 5% 4% 2% 1% 2% 1% 1%
6 9 5 17 21 23 25 24 18 24 33 30
Interest 3 1 0 0 0 0 1 0 0 0 0 0
Depreciation 28 29 29 29 28 26 20 16 12 12 12 12
Profit before tax 80 106 88 88 105 86 58 31 14 42 36 35
Tax % 13% 29% 30% 31% 26% 27% 27% 17% 12% 24% 15% 18%
70 76 61 61 78 63 43 26 12 32 31 29
EPS in Rs 17.43 18.91 15.29 15.18 19.38 15.65 10.64 6.54 3.04 7.98 7.69 7.22
Dividend Payout % 20% 21% 26% 26% 23% 29% 42% 69% 148% 56% 58% 62%
Compounded Sales Growth
10 Years: -3%
5 Years: -1%
3 Years: 6%
TTM: 7%
Compounded Profit Growth
10 Years: -9%
5 Years: 1%
3 Years: 59%
TTM: 0%
Stock Price CAGR
10 Years: -1%
5 Years: 9%
3 Years: 11%
1 Year: -9%
Return on Equity
10 Years: 6%
5 Years: 3%
3 Years: 4%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 348 403 445 505 562 603 625 633 629 643 656 666
0 0 0 0 0 0 0 0 0 0 0 0
218 202 157 163 224 181 129 160 148 159 146 154
Total Liabilities 574 613 610 676 793 791 761 801 786 811 811 828
233 211 197 178 157 143 145 134 125 129 123 118
CWIP 1 2 3 3 1 3 2 1 6 2 0 1
Investments 30 68 82 171 244 243 319 292 307 313 322 349
311 332 328 324 391 402 295 374 349 367 366 361
Total Assets 574 613 610 676 793 791 761 801 786 811 811 828

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
55 55 65 83 96 41 66 -18 30 6 11 37
-18 -48 -26 -79 -63 3 -82 43 -5 0 19 -10
-40 -22 -38 -0 -19 -22 -22 -18 -18 -18 -18 -18
Net Cash Flow -2 -14 1 4 14 23 -39 7 7 -11 12 9

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 40 45 48 49 57 44 40 66 59 57 57 49
Inventory Days 15 20 21 21 20 23 28 39 32 28 29 29
Days Payable 51 47 44 46 58 42 39 57 51 49 46 45
Cash Conversion Cycle 5 18 25 24 18 25 29 49 40 36 40 33
Working Capital Days 11 22 31 28 23 25 30 49 41 43 44 128
ROCE % 24% 27% 20% 17% 18% 12% 6% 4% 1% 5% 5% 5%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.01% 65.01% 65.02% 65.02% 65.02% 65.02% 65.02% 65.02% 65.02% 65.02% 65.02% 65.02%
1.25% 1.37% 1.36% 1.26% 1.53% 1.25% 1.27% 1.27% 1.55% 1.83% 1.80% 2.20%
0.04% 0.03% 0.03% 0.03% 0.01% 0.01% 0.04% 0.01% 0.01% 0.01% 0.01% 0.01%
33.70% 33.59% 33.59% 33.71% 33.45% 33.72% 33.68% 33.70% 33.42% 33.15% 33.17% 32.77%
No. of Shareholders 23,02823,36823,03722,79723,30423,75824,14728,86827,98932,41631,32930,856

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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