Munjal Auto Industries Ltd

Munjal Auto Inds Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Munjal Auto Industries Ltd

₹ 75.9 -3.08%
04 Mar 4:01 p.m.
munjalauto.com BSE: 520059 NSE: MUNJALAU
About

Incorporated in 1985, Munjal Auto Industries Ltd manufactures and sells auto components and designs, develops, tests, and produces various composite molds and products for different industries.[1]

Key Points

Business Overview:[1]
MAIL, part of the Hero Group, is predominantly owned by the Satyanand Munjal family with a 75% equity stake. The company manufactures sheet metal, composites, molds, components, and assemblies for various industries, including automotive, renewable energy, aerospace, defense, space, railways, and other engineering sectors. Key automotive products include exhaust mufflers, fuel tanks, rims, and BIW parts for two and four-wheelers. In the renewable sector, MAIL produces windmill blades, molds, and other wind energy components.

Website BSE NSE
  • Market Cap ₹ 760 Cr.
  • Current Price ₹ 75.9
  • High / Low ₹ 115 / 60.0
  • Stock P/E 24.8
  • Book Value ₹ 42.2
  • Dividend Yield 1.31 %
  • ROCE 9.36 %
  • ROE 7.34 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 37.9%

Cons

  • The company has delivered a poor sales growth of 2.20% over past five years.
  • Company has a low return on equity of 8.61% over last 3 years.
  • Earnings include an other income of Rs.30.7 Cr.

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
386 342 370 397 276 278 318 330 310 312 297 374 386
373 329 361 382 264 267 310 319 304 303 294 375 370
Operating Profit 13 13 9 15 12 12 8 11 5 9 3 -1 16
OPM % 3% 4% 2% 4% 4% 4% 2% 3% 2% 3% 1% -0% 4%
4 3 11 8 10 8 13 12 3 3 13 11 5
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 5 5 5 5 5 5 5 5 5 6 5 5 5
Profit before tax 10 10 14 17 17 14 16 17 2 5 9 4 14
Tax % 48% 34% 35% 33% 33% 46% 8% 9% 265% 25% 11% -71% 23%
5 6 9 11 11 8 14 15 -3 4 8 6 11
EPS in Rs 0.54 0.65 0.90 1.15 1.13 0.77 1.43 1.51 -0.27 0.40 0.84 0.63 1.10
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
816 888 885 850 1,033 1,147 1,140 1,982 1,707 1,581 1,322 1,271 1,369
753 819 839 788 961 1,084 1,111 1,927 1,660 1,525 1,274 1,226 1,342
Operating Profit 64 69 46 62 73 63 28 55 47 56 48 44 27
OPM % 8% 8% 5% 7% 7% 5% 2% 3% 3% 4% 4% 3% 2%
4 4 3 5 4 2 9 9 9 61 37 20 31
Interest 6 9 8 6 4 4 8 9 5 4 3 4 4
Depreciation 12 15 17 17 18 19 22 22 21 20 20 21 21
Profit before tax 49 49 25 44 54 43 7 33 30 92 62 39 33
Tax % 4% 23% 19% 22% 24% 22% 28% 36% 31% 29% 37% 22%
48 38 20 35 42 33 5 21 21 66 39 31 30
EPS in Rs 4.77 3.80 2.01 3.46 4.16 3.32 0.49 2.10 2.08 6.57 3.95 3.07 2.97
Dividend Payout % 26% 33% 35% 29% 29% 30% -0% -0% 48% 30% 51% 33%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: -9%
TTM: 11%
Compounded Profit Growth
10 Years: -2%
5 Years: 44%
3 Years: 14%
TTM: -11%
Stock Price CAGR
10 Years: 7%
5 Years: 4%
3 Years: 22%
1 Year: 10%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 9%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 10 10 10 10 20 20 20 20 20 20 20 20 20
Reserves 176 197 209 243 263 281 274 295 316 373 390 399 402
82 80 69 44 29 33 90 79 57 43 24 53 61
131 131 126 131 170 185 311 348 379 343 261 203 275
Total Liabilities 399 418 414 428 482 520 695 742 772 778 695 675 758
132 175 176 181 175 206 282 251 225 214 212 232 249
CWIP 42 22 14 2 1 4 2 1 1 8 9 18 6
Investments 45 27 22 48 63 37 49 56 148 135 201 159 135
181 195 202 197 243 272 363 434 399 421 274 266 368
Total Assets 399 418 414 428 482 520 695 742 772 778 695 675 758

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
39 35 44 64 68 35 35 35 100 -20 92 -19
-34 -18 -2 -34 -22 -23 -67 -6 -84 59 -52 14
-1 -25 -42 -31 -32 -14 35 -29 -29 -33 -42 5
Net Cash Flow 4 -7 -0 -1 14 -1 2 -0 -13 6 -3 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 46 45 53 57 56 46 82 62 70 80 54 54
Inventory Days 17 22 15 14 13 25 26 12 10 12 16 20
Days Payable 51 47 50 59 62 55 104 49 44 63 43 46
Cash Conversion Cycle 12 20 18 12 6 16 4 25 36 29 27 28
Working Capital Days -2 9 13 11 5 4 12 9 -0 14 6 18
ROCE % 22% 21% 11% 17% 19% 15% 4% 11% 9% 12% 15% 9%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2025
Debtors Turnover Ratio
times

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Number of manufacturing units (Standalone)
Numbers
Installed annual manufacturing capacity: Fuel Tanks
Lakh units
Installed annual manufacturing capacity: Mufflers
Lakh units
Installed annual manufacturing capacity: Rims
Lakh units
Installed annual manufacturing capacity: Scooter Wheels
Lakh units
Share of Business (SoB) with Hero MotoCorp Limited (HMCL) for Mufflers
%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81%
0.00% 0.05% 0.00% 0.02% 0.00% 0.01% 0.03% 0.04% 0.07% 0.11% 0.01% 0.03%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
25.17% 25.12% 25.16% 25.16% 25.16% 25.15% 25.13% 25.13% 25.11% 25.06% 25.16% 25.13%
No. of Shareholders 39,34938,91938,21140,13044,28645,33250,87848,93949,04448,07250,06348,805

* 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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