Menon Pistons Ltd
Incorporated in 1971, Menon Pistons Ltd manufactures Pistons & Pins for Diesel Engines, Cars, LCVs / HCVs[1]
- Market Cap ₹ 416 Cr.
- Current Price ₹ 81.7
- High / Low ₹ 126 / 69.0
- Stock P/E 16.8
- Book Value ₹ 26.4
- Dividend Yield 1.22 %
- ROCE 22.6 %
- ROE 19.3 %
- Face Value ₹ 1.00
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 211 | |
139 | 133 | 130 | 119 | 118 | 130 | 137 | 107 | 120 | 170 | 176 | 177 | 177 | |
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 | 3 |
Depreciation | 5 | 4 | 5 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 6 |
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 | 25 | |
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 | 4.84 |
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: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 29% |
5 Years: | 19% |
3 Years: | 39% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 42% |
3 Years: | 32% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
39 | 29 | 25 | 17 | 14 | 8 | 2 | 4 | 11 | 27 | 17 | 21 | |
30 | 30 | 29 | 23 | 21 | 20 | 22 | 14 | 28 | 28 | 31 | 36 | |
Total Liabilities | 124 | 116 | 113 | 101 | 103 | 100 | 102 | 93 | 122 | 151 | 164 | 191 |
38 | 40 | 35 | 32 | 29 | 27 | 31 | 32 | 35 | 42 | 52 | 74 | |
CWIP | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 27 | 27 |
82 | 75 | 77 | 69 | 73 | 73 | 70 | 61 | 87 | 97 | 86 | 90 | |
Total Assets | 124 | 116 | 113 | 101 | 103 | 100 | 102 | 93 | 122 | 151 | 164 | 191 |
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
27 Sep - CARE Ratings assigned and reaffirmed ratings for Menon Pistons.
- Closure of Trading Window 27 Sep
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Aug - Submission of Newspaper Publication of the un-audited standalone and consolidated Financial Results for the quarter ended on 30th June 2024
-
Announcement under Regulation 30 (LODR)-Change in Directorate
14 Aug - Appointment of Ms. Sharanya Menon and Ms. Devika Menon as Directors.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 14 Aug
Annual reports
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Financial Year 2024
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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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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.