Munjal Auto Industries Ltd
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]
- Market Cap ₹ 1,001 Cr.
- Current Price ₹ 100
- High / Low ₹ 115 / 67.2
- Stock P/E 35.1
- Book Value ₹ 43.7
- Dividend Yield 1.00 %
- ROCE 7.94 %
- ROE 6.67 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 39.8%
Cons
- The company has delivered a poor sales growth of -6.21% over past five years.
- Tax rate seems low
- Company has a low return on equity of 7.91% over last 3 years.
- Earnings include an other income of Rs.22.2 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 888 | 885 | 850 | 1,033 | 1,147 | 1,140 | 1,982 | 1,707 | 1,581 | 1,322 | 1,271 | 1,439 | |
| 819 | 839 | 788 | 961 | 1,084 | 1,111 | 1,927 | 1,660 | 1,525 | 1,274 | 1,226 | 1,404 | |
| Operating Profit | 69 | 46 | 62 | 73 | 63 | 28 | 55 | 47 | 56 | 48 | 44 | 34 |
| OPM % | 8% | 5% | 7% | 7% | 5% | 2% | 3% | 3% | 4% | 4% | 3% | 2% |
| 4 | 3 | 5 | 4 | 2 | 9 | 9 | 9 | 61 | 37 | 20 | 22 | |
| Interest | 9 | 8 | 6 | 4 | 4 | 8 | 9 | 5 | 4 | 3 | 4 | 4 |
| Depreciation | 15 | 17 | 17 | 18 | 19 | 22 | 22 | 21 | 20 | 20 | 21 | 20 |
| Profit before tax | 49 | 25 | 44 | 54 | 43 | 7 | 33 | 30 | 92 | 62 | 39 | 32 |
| Tax % | 23% | 19% | 22% | 24% | 22% | 28% | 36% | 31% | 29% | 37% | 22% | 15% |
| 38 | 20 | 35 | 42 | 33 | 5 | 21 | 21 | 66 | 39 | 31 | 28 | |
| EPS in Rs | 3.80 | 2.01 | 3.46 | 4.16 | 3.32 | 0.49 | 2.10 | 2.08 | 6.57 | 3.95 | 3.07 | 2.76 |
| Dividend Payout % | 33% | 35% | 29% | 29% | 30% | 0% | 0% | 48% | 30% | 51% | 33% | 36% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -6% |
| 3 Years: | -3% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | -4% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | 21% |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 7% |
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 | 10 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 197 | 209 | 243 | 263 | 281 | 274 | 295 | 316 | 373 | 390 | 399 | 417 |
| 80 | 69 | 44 | 29 | 33 | 90 | 79 | 57 | 43 | 24 | 53 | 56 | |
| 131 | 126 | 131 | 170 | 185 | 311 | 348 | 379 | 343 | 261 | 203 | 284 | |
| Total Liabilities | 418 | 414 | 428 | 482 | 520 | 695 | 742 | 772 | 778 | 695 | 675 | 777 |
| 175 | 176 | 181 | 175 | 206 | 282 | 251 | 225 | 214 | 212 | 232 | 252 | |
| CWIP | 22 | 14 | 2 | 1 | 4 | 2 | 1 | 1 | 8 | 9 | 18 | 7 |
| Investments | 27 | 22 | 48 | 63 | 37 | 49 | 56 | 148 | 135 | 201 | 159 | 146 |
| 195 | 202 | 197 | 243 | 272 | 363 | 434 | 399 | 421 | 274 | 266 | 372 | |
| Total Assets | 418 | 414 | 428 | 482 | 520 | 695 | 742 | 772 | 778 | 695 | 675 | 777 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 35 | 44 | 64 | 68 | 35 | 35 | 35 | 100 | -20 | 92 | -19 | 24 | |
| -18 | -2 | -34 | -22 | -23 | -67 | -6 | -84 | 59 | -52 | 14 | -7 | |
| -25 | -42 | -31 | -32 | -14 | 35 | -29 | -29 | -33 | -42 | 5 | -11 | |
| Net Cash Flow | -7 | -0 | -1 | 14 | -1 | 2 | -0 | -13 | 6 | -3 | 1 | 5 |
| Free Cash Flow | -6 | 34 | 50 | 56 | -14 | -22 | 35 | 99 | 15 | 74 | -70 | -6 |
| CFO/OP | 66% | 106% | 118% | 109% | 70% | 136% | 73% | 227% | -9% | 211% | -25% | 101% |
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 | 45 | 53 | 57 | 56 | 46 | 82 | 62 | 70 | 80 | 54 | 54 | 68 |
| Inventory Days | 22 | 15 | 14 | 13 | 25 | 26 | 12 | 10 | 12 | 16 | 20 | 22 |
| Days Payable | 47 | 50 | 59 | 62 | 55 | 104 | 49 | 44 | 63 | 43 | 46 | 65 |
| Cash Conversion Cycle | 20 | 18 | 12 | 6 | 16 | 4 | 25 | 36 | 29 | 27 | 28 | 25 |
| Working Capital Days | 9 | 13 | 11 | 5 | 4 | 12 | 9 | -0 | 14 | 6 | 18 | 49 |
| ROCE % | 21% | 11% | 17% | 19% | 15% | 4% | 11% | 9% | 12% | 15% | 9% | 8% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| MAIL Manufacturing Plants/Units number |
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| Revenue Share from HMCL (Customer Concentration) % |
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| Indutch (Subsidiary) Manufacturing Plants/Units number |
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| Indutch (Subsidiary) Revenue from Operations Rs. crore |
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| Muffler Installed Capacity lakh units per annum |
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| Indutch (Subsidiary) Order Book Rs. crore |
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| Enercon Share of Indutch Revenue (Customer Concentration) % |
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| HMCL Market Share in Domestic 2W Industry % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Jul - News paper publication pertaining to transfer of shares to IEPF and to Update KYC
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Intimation Regarding Change In Branch Address Of Registrar & Share Transfer Agent (MCS Share Transfer Agent Limited)
8 Jul - MCS Share Transfer Agent Limited changed its branch from Vadodara to Mumbai.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
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Clarification On Price Movement
2 Jul - Company responds to BSE volume movement query, citing no known reason for share price rise.
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Clarification sought from Munjal Auto Industries Ltd
2 Jul - Exchange has sought clarification from Munjal Auto Industries Ltd on July 02, 2026, with reference to Movement in Volume.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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.