Menon Pistons Ltd

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

Menon Pistons Ltd

₹ 93.4 0.07%
25 Apr - close price
menonpistons.com 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 ₹ 477 Cr.
  • Current Price ₹ 93.4
  • High / Low ₹ 126 / 43.3
  • Stock P/E 19.0
  • Book Value ₹ 23.6
  • Dividend Yield 1.07 %
  • ROCE 26.0 %
  • ROE 22.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 27.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.3%

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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
36.38 45.10 48.60 50.66 50.14 51.65 53.06 56.40 52.14 46.61 55.43 51.52 49.32
32.13 39.28 40.86 42.66 42.48 44.49 44.73 47.93 43.98 39.72 47.29 43.52 41.86
Operating Profit 4.25 5.82 7.74 8.00 7.66 7.16 8.33 8.47 8.16 6.89 8.14 8.00 7.46
OPM % 11.68% 12.90% 15.93% 15.79% 15.28% 13.86% 15.70% 15.02% 15.65% 14.78% 14.69% 15.53% 15.13%
0.17 0.28 0.08 0.20 0.26 0.44 0.30 0.60 0.57 5.79 0.50 0.62 2.91
Interest 0.02 0.16 0.23 0.36 0.31 0.51 0.63 0.84 0.73 0.55 0.35 0.55 0.61
Depreciation 1.32 1.34 1.38 1.44 1.49 1.50 1.36 1.56 1.49 1.47 1.42 1.50 1.53
Profit before tax 3.08 4.60 6.21 6.40 6.12 5.59 6.64 6.67 6.51 10.66 6.87 6.57 8.23
Tax % 25.32% 30.65% 25.12% 25.16% 25.00% 30.59% 25.15% 25.04% 25.19% 17.26% 25.18% 25.11% 25.15%
2.31 3.19 4.65 4.79 4.57 3.87 4.97 4.99 4.87 8.81 5.14 4.92 6.16
EPS in Rs 0.45 0.63 0.91 0.94 0.90 0.76 0.97 0.98 0.95 1.73 1.01 0.96 1.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
165 153 142 144 130 133 146 156 118 137 201 208 203
145 139 133 130 119 118 130 137 107 120 170 176 172
Operating Profit 20 14 9 15 11 15 16 19 11 17 31 32 30
OPM % 12% 9% 6% 10% 9% 11% 11% 12% 9% 12% 15% 15% 15%
2 2 2 1 2 2 2 1 0 1 1 7 10
Interest 3 4 4 3 2 2 1 0 0 0 1 3 2
Depreciation 4 5 4 5 4 4 4 5 5 5 6 6 6
Profit before tax 15 7 3 8 7 11 12 14 6 12 24 30 32
Tax % 34% 31% 42% 30% 36% 32% 41% 28% 21% 26% 26% 22%
10 5 2 6 4 7 7 10 4 9 18 24 25
EPS in Rs 1.96 0.90 0.36 1.12 0.84 1.45 1.38 1.98 0.86 1.75 3.51 4.64 4.91
Dividend Payout % 18% 22% 42% 36% 48% 34% 44% 38% 52% 57% 21% 22%
Compounded Sales Growth
10 Years: 3%
5 Years: 7%
3 Years: 21%
TTM: -5%
Compounded Profit Growth
10 Years: 18%
5 Years: 28%
3 Years: 75%
TTM: 34%
Stock Price CAGR
10 Years: 30%
5 Years: 37%
3 Years: 76%
1 Year: 115%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 18%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 47 50 51 54 56 63 66 73 69 78 91 111 116
28 39 29 25 17 14 8 2 4 11 27 17 25
39 30 30 29 23 21 20 22 14 28 28 31 32
Total Liabilities 119 124 116 113 101 103 100 102 93 122 151 164 178
37 38 40 35 32 29 27 31 32 35 42 52 56
CWIP 0 4 0 0 0 0 0 0 0 0 1 0 7
Investments 0 0 0 0 0 0 0 0 0 0 12 27 27
81 82 75 77 69 73 73 70 61 87 97 86 88
Total Assets 119 124 116 113 101 103 100 102 93 122 151 164 178

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16 -0 6 3 11 5 1 11 14 13 4 41
-11 -8 -1 1 1 -5 4 -8 -7 -9 -25 -25
-1 3 -15 -6 -13 -1 -4 -4 -6 7 10 -17
Net Cash Flow 4 -5 -10 -2 -1 -1 1 -1 1 10 -11 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53 57 71 78 78 87 103 102 88 108 100 84
Inventory Days 114 115 116 110 98 112 92 93 168 128 95 79
Days Payable 120 95 105 85 85 79 60 61 60 105 77 48
Cash Conversion Cycle 47 77 81 103 91 120 134 134 196 132 119 114
Working Capital Days 35 69 86 104 112 120 118 102 120 99 103 76
ROCE % 25% 13% 8% 13% 11% 16% 16% 18% 7% 14% 24% 26%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
0.00% 0.06% 0.06% 0.06% 0.06% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
0.42% 0.42% 0.42% 0.42% 0.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.21% 25.16% 25.16% 25.16% 25.16% 25.58% 25.59% 25.60% 25.61% 25.60% 25.60% 25.59%
No. of Shareholders 8,97610,15513,22216,66016,53717,94216,85616,34615,78620,84222,36632,590

* 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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