Menon Pistons Ltd

Menon Pistons Ltd

₹ 55.0 -2.24%
12 Dec - close price
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.

  • Market Cap 280 Cr.
  • Current Price 55.0
  • High / Low 77.8 / 43.0
  • Stock P/E 11.3
  • Book Value 32.7
  • Dividend Yield 1.82 %
  • ROCE 21.6 %
  • ROE 16.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.8%

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
65.63 63.84 62.77 72.35 64.40 59.22 60.74 69.40 65.39 63.11 55.76 80.29 74.54
54.57 52.37 51.66 59.12 52.33 49.23 49.47 56.20 53.49 52.58 47.06 66.77 61.94
Operating Profit 11.06 11.47 11.11 13.23 12.07 9.99 11.27 13.20 11.90 10.53 8.70 13.52 12.60
OPM % 16.85% 17.97% 17.70% 18.29% 18.74% 16.87% 18.55% 19.02% 18.20% 16.69% 15.60% 16.84% 16.90%
0.25 3.32 0.40 0.11 0.36 0.15 0.20 0.15 0.35 0.92 0.87 0.68 0.77
Interest 0.92 0.77 0.52 0.85 0.56 0.62 1.22 1.11 0.91 1.08 1.08 1.04 0.98
Depreciation 1.98 2.60 3.05 2.15 2.43 2.42 2.56 2.80 2.28 2.67 2.88 2.72 2.84
Profit before tax 8.41 11.42 7.94 10.34 9.44 7.10 7.69 9.44 9.06 7.70 5.61 10.44 9.55
Tax % 25.92% 41.16% 31.11% 25.15% 24.58% 38.59% 5.98% 25.21% 25.94% 24.42% 24.24% 25.67% 27.23%
6.24 6.71 5.47 7.74 7.12 4.35 7.24 7.07 6.71 5.82 4.25 7.77 6.95
EPS in Rs 1.22 1.32 1.07 1.52 1.40 0.85 1.42 1.39 1.32 1.14 0.83 1.52 1.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
212 251 256 254 274
178 207 210 209 228
Operating Profit 35 44 45 45 45
OPM % 16% 17% 18% 18% 17%
0 4 1 2 3
Interest 1 3 2 4 4
Depreciation 7 10 10 11 11
Profit before tax 26 35 35 32 33
Tax % 29% 34% 23% 25%
19 23 26 24 25
EPS in Rs 3.69 4.58 5.19 4.68 4.85
Dividend Payout % 20% 22% 19% 21%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: -2%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 3%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: %
3 Years: 19%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 5 5 5 5 5
Reserves 92 113 134 152 162
30 12 21 17 15
31 45 43 40 48
Total Liabilities 158 174 202 214 230
50 62 90 91 91
CWIP 1 0 0 0 10
Investments 0 0 0 0 0
107 112 112 122 129
Total Assets 158 174 202 214 230

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
1 49 22 39
-26 -24 -22 -25
13 -25 2 -14
Net Cash Flow -12 -1 2 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 102 80 94 79
Inventory Days 110 88 94 123
Days Payable 83 54 74 95
Cash Conversion Cycle 129 114 114 108
Working Capital Days 90 60 67 79
ROCE % 27% 25% 22%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.03% 0.03% 0.00%
25.59% 25.60% 25.61% 25.60% 25.60% 25.59% 25.59% 25.61% 25.60% 25.61% 25.61% 25.64%
No. of Shareholders 16,85616,34615,78620,84222,36632,59031,41330,51030,07329,64629,14628,658

* 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.

Click on the line-items to see the names of individual entities.

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