Menon Bearings Ltd

Menon Bearings Ltd

₹ 144 14.69%
24 Jun - close price
About

Incorporated in 1991, Menon Bearings Ltd manufactures & exports Auto Components[1]

Key Points

Business Overview:[1][2]
MBL, part of the Kolhapur-based Menon Group, manufactures critical moving engine components like bearings, bushes, and thrust washers. These are used in high-temperature, high-RPM, high-pressure environments within long-haul, heavy-duty diesel engines, and multi-axle vehicles. Additionally, MBL produces aluminum die-casting components serving applications in engines, brakes, transmission, axles, steering, suspension, marine, power generation, and electrical systems.

  • Market Cap 809 Cr.
  • Current Price 144
  • High / Low 166 / 108
  • Stock P/E 31.5
  • Book Value 26.1
  • Dividend Yield 1.56 %
  • ROCE 23.0 %
  • ROE 18.4 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 43.0%

Cons

  • The company has delivered a poor sales growth of 3.46% over past five 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: Bearings Industry: Bearings

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
46.52 46.21 48.52 49.06 51.61 62.00 51.42 49.65 53.87 54.55 50.13 49.38 52.18
36.43 35.95 38.64 40.09 40.64 48.71 40.52 37.16 40.14 42.72 39.80 39.88 41.66
Operating Profit 10.09 10.26 9.88 8.97 10.97 13.29 10.90 12.49 13.73 11.83 10.33 9.50 10.52
OPM % 21.69% 22.20% 20.36% 18.28% 21.26% 21.44% 21.20% 25.16% 25.49% 21.69% 20.61% 19.24% 20.16%
1.03 0.83 0.46 0.79 0.53 0.98 1.07 0.68 0.20 0.61 0.98 0.90 1.18
Interest 0.81 0.74 0.68 0.72 0.45 0.62 0.81 0.80 0.68 0.58 0.88 0.93 0.84
Depreciation 1.98 1.89 1.92 1.94 2.00 1.96 2.01 2.05 1.90 2.05 2.08 2.07 1.94
Profit before tax 8.33 8.46 7.74 7.10 9.05 11.69 9.15 10.32 11.35 9.81 8.35 7.40 8.92
Tax % 22.57% 22.34% 23.90% 25.35% 25.08% 24.98% 24.59% 24.81% 19.12% 25.28% 24.55% 24.46% 27.47%
6.45 6.57 5.88 5.30 6.78 8.77 6.90 7.75 9.18 7.33 6.30 5.59 6.47
EPS in Rs 1.15 1.17 1.05 0.95 1.21 1.56 1.23 1.38 1.64 1.31 1.12 1.00 1.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
83 87 103 111 124 146 174 139 149 198 219 206
70 71 81 82 90 108 131 109 115 155 166 164
Operating Profit 13 15 23 29 33 37 43 30 34 42 53 42
OPM % 15% 18% 22% 26% 27% 26% 25% 21% 23% 21% 24% 20%
1 1 1 0 1 1 1 1 1 0 0 4
Interest 2 2 2 2 1 2 4 5 4 3 3 3
Depreciation 5 5 4 5 5 4 5 7 7 8 8 8
Profit before tax 7 9 17 23 28 32 36 20 25 32 43 34
Tax % 45% 31% 31% 36% 31% 35% 30% 27% 24% 24% 23% 25%
4 6 12 15 19 21 25 14 19 25 33 26
EPS in Rs 0.66 1.10 2.06 2.66 3.41 3.76 4.51 2.57 3.35 4.38 5.84 4.58
Dividend Payout % 50% 45% 32% 31% 29% 40% 33% 97% 45% 46% 34% 49%
Compounded Sales Growth
10 Years: 9%
5 Years: 3%
3 Years: 11%
TTM: -6%
Compounded Profit Growth
10 Years: 15%
5 Years: 0%
3 Years: 11%
TTM: -21%
Stock Price CAGR
10 Years: 30%
5 Years: 15%
3 Years: 26%
1 Year: 6%
Return on Equity
10 Years: 24%
5 Years: 21%
3 Years: 23%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 6 6 6 6 6 6 6 6
Reserves 28 31 38 47 59 71 85 83 93 106 128 141
25 20 17 12 21 25 46 38 29 23 15 34
15 18 19 16 17 23 22 23 27 28 34 43
Total Liabilities 73 74 78 80 103 126 158 149 155 163 182 223
36 38 36 35 37 48 56 72 80 79 76 72
CWIP 2 1 0 1 4 5 19 10 1 0 8 14
Investments 0 0 0 0 0 0 3 0 1 0 10 28
34 36 42 44 62 73 80 67 72 85 87 108
Total Assets 73 74 78 80 103 126 158 149 155 163 182 223

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 10 8 5 20 23 26 30 24 24 50 36
-6 -4 -2 -4 -10 -15 -30 -10 -6 -3 -23 -27
4 -6 -3 -4 1 -7 5 -29 -21 -20 -23 4
Net Cash Flow 0 1 2 -4 12 2 1 -8 -3 1 4 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 75 73 82 86 89 83 93 108 94 83 95
Inventory Days 97 99 91 110 107 99 96 128 114 93 90 101
Days Payable 62 81 59 64 70 73 58 76 87 58 52 55
Cash Conversion Cycle 113 94 105 129 123 115 120 144 135 129 121 140
Working Capital Days 72 58 61 87 91 86 87 95 100 94 72 74
ROCE % 16% 20% 33% 40% 38% 36% 33% 18% 22% 26% 32%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.25% 71.25% 71.25% 71.25% 71.25% 71.25% 71.25% 71.25% 70.18% 70.18% 70.18% 70.18%
2.42% 2.47% 2.24% 2.13% 2.13% 1.85% 1.59% 1.64% 1.00% 0.57% 0.54% 0.56%
26.33% 26.28% 26.51% 26.62% 26.62% 26.90% 27.16% 27.10% 28.82% 29.25% 29.28% 29.26%
No. of Shareholders 18,11119,13722,35825,94825,33425,40824,33722,69925,02026,25627,18828,340

* 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.

Documents

Concalls