Menon Pistons Ltd

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

Menon Pistons Ltd

₹ 54.5 0.74%
03 Jun - close price
menonindia.in BSE: 531727 NSE: MENNPIS
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 NSE
  • Market Cap ₹ 278 Cr.
  • Current Price ₹ 54.5
  • High / Low ₹ 71.8 / 46.2
  • Stock P/E 15.6
  • Book Value ₹ 31.2
  • Dividend Yield 1.84 %
  • ROCE 16.9 %
  • ROE 11.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 26.5%
  • Debtor days have improved from 74.0 to 47.9 days.
  • Company's working capital requirements have reduced from 51.3 days to 34.0 days

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
46.61 55.91 51.52 49.83 53.16 56.73 54.81 53.22 47.61 64.50 59.42 60.32 60.20
39.72 47.28 43.52 41.87 44.69 46.90 46.50 45.17 41.61 55.10 51.34 52.52 54.08
Operating Profit 6.89 8.63 8.00 7.96 8.47 9.83 8.31 8.05 6.00 9.40 8.08 7.80 6.12
OPM % 14.78% 15.44% 15.53% 15.97% 15.93% 17.33% 15.16% 15.13% 12.60% 14.57% 13.60% 12.93% 10.17%
5.79 0.50 0.62 2.91 3.11 0.56 0.58 0.64 0.82 0.64 0.89 0.61 1.37
Interest 0.55 0.84 0.55 1.11 1.22 1.10 0.90 1.07 1.07 1.02 0.94 0.76 0.71
Depreciation 1.47 1.42 1.50 1.53 1.53 1.73 1.77 1.78 1.73 1.98 1.71 1.91 2.09
Profit before tax 10.66 6.87 6.57 8.23 8.83 7.56 6.22 5.84 4.02 7.04 6.32 5.74 4.69
Tax % 17.26% 25.18% 25.11% 25.15% 9.74% 25.13% 25.24% 25.17% 34.33% 26.14% 27.69% 31.01% 16.20%
8.81 5.14 4.92 6.16 7.98 5.66 4.66 4.37 2.63 5.20 4.56 3.95 3.93
EPS in Rs 1.73 1.01 0.96 1.21 1.56 1.11 0.91 0.86 0.52 1.02 0.89 0.77 0.77
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
144 130 133 146 156 118 137 201 208 211 212 244
130 119 118 130 137 107 120 170 176 177 180 213
Operating Profit 15 11 15 16 19 11 17 31 32 34 32 31
OPM % 10% 9% 11% 11% 12% 9% 12% 15% 15% 16% 15% 13%
1 2 2 2 1 0 1 1 7 7 3 4
Interest 3 2 2 1 0 0 0 1 3 4 4 3
Depreciation 5 4 4 4 5 5 5 6 6 6 7 8
Profit before tax 8 7 11 12 14 6 12 24 30 31 24 24
Tax % 30% 36% 32% 41% 28% 21% 26% 26% 22% 21% 27% 26%
6 4 7 7 10 4 9 18 24 24 17 18
EPS in Rs 1.12 0.84 1.45 1.38 1.98 0.86 1.75 3.51 4.64 4.75 3.40 3.46
Dividend Payout % 36% 48% 34% 44% 38% 52% 57% 21% 22% 21% 29% 29%
Compounded Sales Growth
10 Years: 6%
5 Years: 12%
3 Years: 5%
TTM: 15%
Compounded Profit Growth
10 Years: 16%
5 Years: 15%
3 Years: -9%
TTM: 3%
Stock Price CAGR
10 Years: 16%
5 Years: 14%
3 Years: -3%
1 Year: -13%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 54 56 63 66 73 69 78 91 111 130 141 154
25 17 14 8 2 4 11 27 17 21 17 3
29 23 21 20 22 14 28 28 31 36 33 43
Total Liabilities 113 101 103 100 102 93 122 151 164 191 196 204
35 32 29 27 31 32 35 42 52 74 76 95
CWIP 0 0 0 0 0 0 0 1 0 0 0 4
Investments 0 0 0 0 0 0 0 12 27 27 27 27
77 69 73 73 70 61 87 97 86 90 93 78
Total Assets 113 101 103 100 102 93 122 151 164 191 196 204

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3 11 5 1 11 14 13 4 41 23 35 45
1 1 -5 4 -8 -7 -9 -25 -25 -16 -20 -23
-6 -13 -1 -4 -4 -6 7 10 -17 -6 -14 -23
Net Cash Flow -2 -1 -1 1 -1 1 10 -11 -1 1 1 -1
Free Cash Flow 3 11 3 -3 3 9 2 -10 23 2 19 21
CFO/OP 23% 124% 57% 41% 89% 149% 91% 35% 150% 83% 120% 160%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 78 78 87 103 102 88 108 100 84 100 74 48
Inventory Days 110 98 112 92 93 168 128 95 79 80 94 75
Days Payable 85 85 79 60 61 60 105 77 48 70 81 77
Cash Conversion Cycle 103 91 120 134 134 196 132 119 114 110 88 46
Working Capital Days 41 65 82 98 96 108 69 88 63 58 62 34
ROCE % 13% 11% 16% 16% 18% 7% 14% 24% 26% 24% 17% 17%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Customer Contribution - Menon Exports
%

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Product Contribution to Turnover - Pistons / Piston Assemblies
%
Customer Contribution - Cummins India Limited
%
Export Share of Total Operating Income
%
Installed Capacity - Gudgeon Pins
Units per annum
Installed Capacity - Pistons
Units per annum
Installed Capacity - Plungers
Units per annum
Sales Mix - Aftermarket
%
Sales Mix - Original Equipment Manufacturers (OEM)
%
Renewable Energy Share in Total Power Consumption
%

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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% 0.03% 0.03% 0.00% 0.00% 0.00%
25.61% 25.60% 25.60% 25.59% 25.59% 25.61% 25.60% 25.61% 25.61% 25.64% 25.62% 25.63%
No. of Shareholders 15,78620,84222,36632,59031,41330,51030,07329,64629,14628,65827,80627,490

* 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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Documents

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