Menon Pistons Ltd
Menon Pistons Ltd is in the business of manufacturing of auto components such as Pistons, Gudgeon Pins, Rings, Auto shafts for commercial vehicles, tractors, passenger cars and heavy duty stationery engines.[1]
- Market Cap ₹ 246 Cr.
- Current Price ₹ 48.2
- High / Low ₹ 60.0 / 36.2
- Stock P/E 13.2
- Book Value ₹ 20.0
- Dividend Yield 1.56 %
- ROCE 23.6 %
- ROE 20.0 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 19.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 43.6%
Cons
- The company has delivered a poor sales growth of 8.65% over past five years.
- Company has a low return on equity of 12.8% over last 3 years.
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
149 | 165 | 153 | 142 | 144 | 130 | 133 | 146 | 156 | 118 | 137 | 201 | 213 | |
132 | 145 | 139 | 133 | 130 | 119 | 118 | 130 | 137 | 107 | 120 | 170 | 181 | |
Operating Profit | 17 | 20 | 14 | 9 | 15 | 11 | 15 | 16 | 19 | 11 | 17 | 31 | 32 |
OPM % | 11% | 12% | 9% | 6% | 10% | 9% | 11% | 11% | 12% | 9% | 12% | 15% | 15% |
1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 1 | 0 | 1 | 1 | 2 | |
Interest | 3 | 3 | 4 | 4 | 3 | 2 | 2 | 1 | 0 | 0 | 0 | 1 | 3 |
Depreciation | 3 | 4 | 5 | 4 | 5 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 6 |
Profit before tax | 13 | 15 | 7 | 3 | 8 | 7 | 11 | 12 | 14 | 6 | 12 | 24 | 25 |
Tax % | 33% | 34% | 31% | 42% | 30% | 36% | 32% | 41% | 28% | 21% | 26% | 26% | |
Net Profit | 9 | 10 | 5 | 2 | 6 | 4 | 7 | 7 | 10 | 4 | 9 | 18 | 19 |
EPS in Rs | 1.72 | 1.96 | 0.90 | 0.36 | 1.12 | 0.84 | 1.45 | 1.38 | 1.98 | 0.86 | 1.75 | 3.51 | 3.66 |
Dividend Payout % | 20% | 18% | 22% | 42% | 36% | 48% | 34% | 44% | 38% | 52% | 57% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 9% |
3 Years: | 9% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 19% |
3 Years: | 21% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 10% |
3 Years: | 48% |
1 Year: | -12% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
Reserves | 39 | 47 | 50 | 51 | 54 | 56 | 63 | 66 | 73 | 69 | 78 | 91 | 97 |
23 | 28 | 39 | 29 | 25 | 17 | 14 | 8 | 2 | 4 | 11 | 27 | 36 | |
36 | 39 | 30 | 30 | 29 | 23 | 21 | 20 | 22 | 14 | 28 | 28 | 27 | |
Total Liabilities | 104 | 119 | 124 | 116 | 113 | 101 | 103 | 100 | 102 | 93 | 122 | 151 | 166 |
27 | 37 | 38 | 40 | 35 | 32 | 29 | 27 | 31 | 32 | 35 | 42 | 52 | |
CWIP | 2 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 27 |
74 | 81 | 82 | 75 | 77 | 69 | 73 | 73 | 70 | 61 | 87 | 94 | 87 | |
Total Assets | 104 | 119 | 124 | 116 | 113 | 101 | 103 | 100 | 102 | 93 | 122 | 151 | 166 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 16 | -0 | 6 | 3 | 11 | 5 | 1 | 11 | 14 | 13 | 4 | |
-12 | -11 | -8 | -1 | 1 | 1 | -5 | 4 | -8 | -7 | -9 | -25 | |
6 | -1 | 3 | -15 | -6 | -13 | -1 | -4 | -4 | -6 | 7 | 10 | |
Net Cash Flow | 7 | 4 | -5 | -10 | -2 | -1 | -1 | 1 | -1 | 1 | 10 | -11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 70 | 53 | 57 | 71 | 78 | 78 | 87 | 103 | 102 | 88 | 108 | 100 |
Inventory Days | 114 | 114 | 115 | 116 | 110 | 98 | 112 | 92 | 93 | 168 | 128 | 95 |
Days Payable | 120 | 120 | 95 | 105 | 85 | 85 | 79 | 60 | 61 | 60 | 105 | 77 |
Cash Conversion Cycle | 64 | 47 | 77 | 81 | 103 | 91 | 120 | 134 | 134 | 196 | 132 | 119 |
Working Capital Days | 40 | 35 | 69 | 86 | 104 | 112 | 120 | 118 | 102 | 120 | 99 | 103 |
ROCE % | 27% | 25% | 13% | 8% | 13% | 11% | 16% | 16% | 18% | 7% | 14% | 24% |
Documents
Announcements
- Board Meeting Outcome for Revised Outcome For The Board Meeting Held On 28Th January 2023 30 Jan
- Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended On 31St December 2023 28 Jan
- Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended On 31St December 2022 (Unaudited) 28 Jan
-
Announcement under Regulation 30 (LODR)-Change in Directorate
28 Jan - Mr. Sachin Menon, as a Chairman & Managing Director of the Company for the period of three years i.e. from 1st February, 2023 to 31st …
- Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Saturday, 28Th January, 2023 28 Jan
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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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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Revenue Breakup
The Co. earns ~80% of revenues from sales to OEMs and the rest 20% from aftermarket sales where it fetches better margins. It also has a presence in export markets through group entity Menon exports and has a small exposure to state transport units. [1] [2]