Menon Pistons Ltd

Menon Pistons Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Menon Pistons Ltd

₹ 77.2 -0.54%
11 Dec 1:30 p.m.
menonindia.in BSE: 531727
About

Incorporated in 1971, Menon Pistons Ltd manufactures Pistons & Pins for Diesel Engines, Cars, LCVs / HCVs[1]

Key Points

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.

Website BSE
  • Market Cap ₹ 394 Cr.
  • Current Price ₹ 77.2
  • High / Low ₹ 126 / 69.0
  • Stock P/E 16.1
  • Book Value ₹ 27.4
  • Dividend Yield 1.30 %
  • ROCE 22.6 %
  • ROE 19.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 19.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.4%

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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
50.66 50.14 51.65 53.06 56.40 52.14 46.61 55.91 51.52 49.32 53.16 56.73 54.81
42.66 42.48 44.49 44.73 47.93 43.98 39.72 47.28 43.52 41.86 44.69 46.90 46.50
Operating Profit 8.00 7.66 7.16 8.33 8.47 8.16 6.89 8.63 8.00 7.46 8.47 9.83 8.31
OPM % 15.79% 15.28% 13.86% 15.70% 15.02% 15.65% 14.78% 15.44% 15.53% 15.13% 15.93% 17.33% 15.16%
0.20 0.26 0.44 0.30 0.60 0.57 5.79 0.50 0.62 2.91 3.11 0.56 0.58
Interest 0.36 0.31 0.51 0.63 0.84 0.73 0.55 0.84 0.55 0.61 1.22 1.10 0.90
Depreciation 1.44 1.49 1.50 1.36 1.56 1.49 1.47 1.42 1.50 1.53 1.53 1.73 1.77
Profit before tax 6.40 6.12 5.59 6.64 6.67 6.51 10.66 6.87 6.57 8.23 8.83 7.56 6.22
Tax % 25.16% 25.00% 30.59% 25.15% 25.04% 25.19% 17.26% 25.18% 25.11% 25.15% 9.74% 25.13% 25.24%
4.79 4.57 3.87 4.97 4.99 4.87 8.81 5.14 4.92 6.16 7.98 5.66 4.66
EPS in Rs 0.94 0.90 0.76 0.97 0.98 0.95 1.73 1.01 0.96 1.21 1.56 1.11 0.91
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
153 142 144 130 133 146 156 118 137 201 208 209 214
139 133 130 119 118 130 137 107 120 170 176 177 180
Operating Profit 14 9 15 11 15 16 19 11 17 31 32 31 34
OPM % 9% 6% 10% 9% 11% 11% 12% 9% 12% 15% 15% 15% 16%
2 2 1 2 2 2 1 0 1 1 7 7 7
Interest 4 4 3 2 2 1 0 0 0 1 3 2 4
Depreciation 5 4 5 4 4 4 5 5 5 6 6 6 7
Profit before tax 7 3 8 7 11 12 14 6 12 24 30 31 31
Tax % 31% 42% 30% 36% 32% 41% 28% 21% 26% 26% 22% 21%
5 2 6 4 7 7 10 4 9 18 24 24 24
EPS in Rs 0.90 0.36 1.12 0.84 1.45 1.38 1.98 0.86 1.75 3.51 4.64 4.75 4.79
Dividend Payout % 22% 42% 36% 48% 34% 44% 38% 52% 57% 21% 22% 21%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 29%
5 Years: 19%
3 Years: 39%
TTM: 3%
Stock Price CAGR
10 Years: 20%
5 Years: 41%
3 Years: 22%
1 Year: 1%
Return on Equity
10 Years: 14%
5 Years: 17%
3 Years: 20%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 50 51 54 56 63 66 73 69 78 91 111 130 134
39 29 25 17 14 8 2 4 11 27 17 21 16
30 30 29 23 21 20 22 14 28 28 31 36 31
Total Liabilities 124 116 113 101 103 100 102 93 122 151 164 191 186
38 40 35 32 29 27 31 32 35 42 52 74 74
CWIP 4 0 0 0 0 0 0 0 0 1 0 0 0
Investments 0 0 0 0 0 0 0 0 0 12 27 27 27
82 75 77 69 73 73 70 61 87 97 86 90 85
Total Assets 124 116 113 101 103 100 102 93 122 151 164 191 186

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 6 3 11 5 1 11 14 13 4 41 20
-8 -1 1 1 -5 4 -8 -7 -9 -25 -25 -16
3 -15 -6 -13 -1 -4 -4 -6 7 10 -17 -4
Net Cash Flow -5 -10 -2 -1 -1 1 -1 1 10 -11 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 71 78 78 87 103 102 88 108 100 84 101
Inventory Days 115 116 110 98 112 92 93 168 128 95 79 80
Days Payable 95 105 85 85 79 60 61 60 105 77 48 70
Cash Conversion Cycle 77 81 103 91 120 134 134 196 132 119 114 111
Working Capital Days 69 86 104 112 120 118 102 120 99 103 74 85
ROCE % 13% 8% 13% 11% 16% 16% 18% 7% 14% 24% 26% 23%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37%
0.06% 0.06% 0.06% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
0.42% 0.42% 0.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.16% 25.16% 25.16% 25.58% 25.59% 25.60% 25.61% 25.60% 25.60% 25.59% 25.59% 25.61%
No. of Shareholders 13,22216,66016,53717,94216,85616,34615,78620,84222,36632,59031,41330,510

* 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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