Menon Pistons Ltd

Menon Pistons Ltd

₹ 76.7 1.44%
23 Jul 1:57 p.m.
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 391 Cr.
  • Current Price 76.7
  • High / Low 81.8 / 46.2
  • Stock P/E 15.1
  • Book Value 34.8
  • Dividend Yield 1.29 %
  • ROCE 21.5 %
  • ROE 15.4 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.2%
  • Debtor days have improved from 76.1 to 54.5 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
62.77 72.35 64.40 59.22 60.74 69.40 65.39 63.11 55.76 80.29 74.54 76.10 73.22
51.66 59.12 52.33 49.23 49.47 56.20 53.49 52.58 46.49 66.77 61.94 63.56 64.91
Operating Profit 11.11 13.23 12.07 9.99 11.27 13.20 11.90 10.53 9.27 13.52 12.60 12.54 8.31
OPM % 17.70% 18.29% 18.74% 16.87% 18.55% 19.02% 18.20% 16.69% 16.62% 16.84% 16.90% 16.48% 11.35%
0.40 0.11 0.36 0.15 0.20 0.15 0.35 0.92 0.30 0.68 0.77 0.27 1.21
Interest 0.52 0.85 0.56 0.62 1.22 1.11 0.91 1.08 1.08 1.04 0.98 0.78 0.79
Depreciation 3.05 2.15 2.43 2.42 2.56 2.80 2.28 2.67 2.88 2.72 2.84 2.96 3.31
Profit before tax 7.94 10.34 9.44 7.10 7.69 9.44 9.06 7.70 5.61 10.44 9.55 9.07 5.42
Tax % 31.11% 25.15% 24.58% 38.59% 5.98% 25.21% 25.94% 24.42% 24.24% 25.67% 27.23% 29.22% 18.08%
5.47 7.74 7.12 4.35 7.24 7.07 6.71 5.82 4.25 7.77 6.95 6.43 4.44
EPS in Rs 1.07 1.52 1.40 0.85 1.42 1.39 1.32 1.14 0.83 1.52 1.36 1.26 0.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
212 251 256 254 304
178 207 210 209 257
Operating Profit 35 44 45 45 47
OPM % 16% 17% 18% 18% 15%
0 4 1 2 3
Interest 1 3 2 4 4
Depreciation 7 10 10 11 12
Profit before tax 26 35 35 32 34
Tax % 29% 34% 23% 25% 26%
19 23 26 24 26
EPS in Rs 3.69 4.58 5.19 4.68 5.02
Dividend Payout % 20% 22% 19% 21% 20%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: 8%
Stock Price CAGR
10 Years: 19%
5 Years: 22%
3 Years: 10%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 17%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 5 5 5 5
Reserves 92 113 134 152 173
30 12 21 17 5
31 45 43 40 47
Total Liabilities 158 174 202 214 230
50 62 90 91 114
CWIP 1 0 0 0 4
Investments 0 0 0 0 0
107 112 112 122 112
Total Assets 158 174 202 214 230

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 49 22 39 51
-26 -24 -22 -25 -30
13 -25 2 -14 -21
Net Cash Flow -12 -1 2 0 -0
Free Cash Flow -25 43 -7 21 19
CFO/OP 27% 137% 65% 100% 126%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 102 80 94 79 54
Inventory Days 110 87 94 123 96
Days Payable 83 53 74 95 80
Cash Conversion Cycle 129 114 114 108 71
Working Capital Days 90 61 67 79 54
ROCE % 27% 25% 22% 22%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Permanent Employees
count ・Standalone data

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Aftermarket Share of Revenue
% of TOI
Export Share of Revenue
% of TOI
OEM Share of Revenue
% of TOI
Gudgeon Pins Installed Capacity
lakh units
Pistons Installed Capacity
lakh units
Plungers Installed Capacity
thousand units
Solar Power Installed Capacity
MW ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
25.60% 25.60% 25.59% 25.59% 25.61% 25.60% 25.61% 25.61% 25.64% 25.62% 25.63% 25.59%
No. of Shareholders 20,84222,36632,59031,41330,51030,07329,64629,14628,65827,80627,49027,294

* 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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