Menon Pistons Ltd
Incorporated in 1971, Menon Pistons Ltd manufactures Pistons & Pins for Diesel Engines, Cars, LCVs / HCVs[1]
- Market Cap ₹ 319 Cr.
- Current Price ₹ 62.5
- High / Low ₹ 80.0 / 43.0
- Stock P/E 18.9
- Book Value ₹ 28.7
- Dividend Yield 1.60 %
- ROCE 17.4 %
- ROE 12.3 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 24.0%
Cons
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 142 | 144 | 130 | 133 | 146 | 156 | 118 | 137 | 201 | 208 | 211 | 212 | 220 | |
| 133 | 130 | 119 | 118 | 130 | 137 | 107 | 120 | 170 | 176 | 177 | 180 | 188 | |
| Operating Profit | 9 | 15 | 11 | 15 | 16 | 19 | 11 | 17 | 31 | 32 | 34 | 32 | 32 | 
| OPM % | 6% | 10% | 9% | 11% | 11% | 12% | 9% | 12% | 15% | 15% | 16% | 15% | 14% | 
| 2 | 1 | 2 | 2 | 2 | 1 | 0 | 1 | 1 | 7 | 7 | 3 | 3 | |
| Interest | 4 | 3 | 2 | 2 | 1 | 0 | 0 | 0 | 1 | 3 | 4 | 4 | 4 | 
| Depreciation | 4 | 5 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 7 | 
| Profit before tax | 3 | 8 | 7 | 11 | 12 | 14 | 6 | 12 | 24 | 30 | 31 | 24 | 23 | 
| Tax % | 42% | 30% | 36% | 32% | 41% | 28% | 21% | 26% | 26% | 22% | 21% | 27% | |
| 2 | 6 | 4 | 7 | 7 | 10 | 4 | 9 | 18 | 24 | 24 | 17 | 17 | |
| EPS in Rs | 0.36 | 1.12 | 0.84 | 1.45 | 1.38 | 1.98 | 0.86 | 1.75 | 3.51 | 4.64 | 4.75 | 3.40 | 3.31 | 
| Dividend Payout % | 42% | 36% | 48% | 34% | 44% | 38% | 52% | 57% | 21% | 22% | 21% | 29% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% | 
| 5 Years: | 13% | 
| 3 Years: | 2% | 
| TTM: | 4% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% | 
| 5 Years: | 32% | 
| 3 Years: | -1% | 
| TTM: | -32% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% | 
| 5 Years: | 36% | 
| 3 Years: | 4% | 
| 1 Year: | -19% | 
| Return on Equity | |
|---|---|
| 10 Years: | 14% | 
| 5 Years: | 17% | 
| 3 Years: | 18% | 
| Last Year: | 12% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 
| Reserves | 51 | 54 | 56 | 63 | 66 | 73 | 69 | 78 | 91 | 111 | 130 | 141 | 
| 29 | 25 | 17 | 14 | 8 | 2 | 4 | 11 | 27 | 17 | 21 | 17 | |
| 30 | 29 | 23 | 21 | 20 | 22 | 14 | 28 | 28 | 31 | 36 | 33 | |
| Total Liabilities | 116 | 113 | 101 | 103 | 100 | 102 | 93 | 122 | 151 | 164 | 191 | 196 | 
| 40 | 35 | 32 | 29 | 27 | 31 | 32 | 35 | 42 | 52 | 74 | 76 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 27 | 27 | 27 | 
| 75 | 77 | 69 | 73 | 73 | 70 | 61 | 87 | 97 | 86 | 90 | 93 | |
| Total Assets | 116 | 113 | 101 | 103 | 100 | 102 | 93 | 122 | 151 | 164 | 191 | 196 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 3 | 11 | 5 | 1 | 11 | 14 | 13 | 4 | 41 | 23 | 35 | |
| -1 | 1 | 1 | -5 | 4 | -8 | -7 | -9 | -25 | -25 | -16 | -20 | |
| -15 | -6 | -13 | -1 | -4 | -4 | -6 | 7 | 10 | -17 | -6 | -14 | |
| Net Cash Flow | -10 | -2 | -1 | -1 | 1 | -1 | 1 | 10 | -11 | -1 | 1 | 1 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 71 | 78 | 78 | 87 | 103 | 102 | 88 | 108 | 100 | 84 | 100 | 74 | 
| Inventory Days | 116 | 110 | 98 | 112 | 92 | 93 | 168 | 128 | 95 | 79 | 80 | 94 | 
| Days Payable | 105 | 85 | 85 | 79 | 60 | 61 | 60 | 105 | 77 | 48 | 70 | 81 | 
| Cash Conversion Cycle | 81 | 103 | 91 | 120 | 134 | 134 | 196 | 132 | 119 | 114 | 110 | 88 | 
| Working Capital Days | 18 | 41 | 65 | 82 | 98 | 96 | 108 | 69 | 88 | 63 | 58 | 62 | 
| ROCE % | 8% | 13% | 11% | 16% | 16% | 18% | 7% | 14% | 24% | 26% | 24% | 17% | 
Documents
Announcements
- 
        
          Board Meeting Intimation for Meeting Of The Board Of Menon Pistons Limited (''The Company'') Is Scheduled To Be Held On Sunday, 9Th November, 2025.
          
            24h - Board meeting 9 Nov 2025 to approve Q2/H1 results for 30 Sep 2025; trading window closed.
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            8 Oct - Menon Pistons received MUFG Intime certificate under Reg 74(5) for quarter ended 30 Sep 2025.
- Closure of Trading Window 26 Sep
- 
        
          Announcement under Regulation 30 (LODR)-Newspaper Publication
          
            31 Jul - Submission of the newspaper advertisement regarding publication of financial results for the quarter ended on 30th June, 2025.
- 
        
          Intimation Of Approval By Members At 48Th Annual General Meeting Of The Company For Appointment Of Independent Director And Secretarial Auditor Of The Company.
          
            31 Jul - Shareholders approved Independent Director and Secretarial Auditor appointments at 48th AGM.
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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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
      from bse
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      Financial Year 2011
      from bse
Business Overview:[1]
MPL is a manufacturer and supplier of high-precision piston assemblies and engineering components. Company manufactures Aluminium alloy pistons, forged steel pistons, and piston pins for passenger cars, heavy and light
commercial vehicles, and heavy-duty diesel engines for power generation, earthmovers, compressors, etc.