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

₹ 110 -2.96%
11 Dec 3:52 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 ₹ 1,097 Cr.
  • Current Price ₹ 110
  • High / Low ₹ 146 / 71.1
  • Stock P/E 18.8
  • Book Value ₹ 41.1
  • Dividend Yield 1.82 %
  • ROCE 14.7 %
  • ROE 11.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 41.6%
  • Debtor days have improved from 69.3 to 53.6 days.

Cons

  • Stock is trading at 2.67 times its book value
  • The company has delivered a poor sales growth of 9.16% over past five years.
  • Company has a low return on equity of 8.68% over last 3 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
644 468 374 481 544 477 483 509 545 422 406 510 522
622 445 355 456 518 459 461 484 509 396 373 480 492
Operating Profit 21 23 20 25 26 17 21 25 36 26 34 30 31
OPM % 3% 5% 5% 5% 5% 4% 4% 5% 7% 6% 8% 6% 6%
1 2 1 51 3 3 3 10 7 -28 35 1 12
Interest 3 3 3 5 7 7 7 7 7 7 6 7 8
Depreciation 10 9 7 12 13 14 14 14 14 14 14 14 15
Profit before tax 10 13 11 58 9 -0 4 14 22 -23 48 10 21
Tax % 40% 43% 5% 22% 14% 748% 36% 28% 33% -0% 25% -2% 2%
6 7 10 45 8 -4 2 10 15 -23 36 10 20
EPS in Rs 0.51 0.74 0.98 4.55 0.77 -0.07 0.36 0.99 1.38 -1.22 2.72 1.17 1.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,214 1,236 2,123 1,916 1,984 1,882 1,861
1,143 1,190 2,040 1,833 1,894 1,761 1,741
Operating Profit 71 45 83 83 90 120 120
OPM % 6% 4% 4% 4% 5% 6% 6%
3 5 5 5 60 24 20
Interest 4 12 16 12 27 28 28
Depreciation 20 32 39 36 53 56 57
Profit before tax 49 7 33 41 70 61 56
Tax % 23% 44% 38% 27% 27% 38%
37 4 20 30 52 38 44
EPS in Rs 3.60 0.41 2.06 2.68 5.61 3.85 4.53
Dividend Payout % 28% 0% 0% 37% 36% 52%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: -4%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: 30%
TTM: 131%
Stock Price CAGR
10 Years: 7%
5 Years: 20%
3 Years: 27%
1 Year: 32%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 9%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 20 20 20 20 20 20 20
Reserves 277 269 291 317 364 381 391
47 123 147 116 282 276 302
220 383 405 508 602 527 564
Total Liabilities 564 796 862 961 1,268 1,205 1,277
200 343 303 263 416 399 413
CWIP 25 2 1 4 8 9 7
Investments 7 21 26 118 104 171 140
332 430 531 576 740 626 717
Total Assets 564 796 862 961 1,268 1,205 1,277

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
26 87 59 137 33 127
-15 -139 -14 -99 37 -77
-5 47 -45 -50 -65 -53
Net Cash Flow 6 -5 -0 -13 6 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 49 79 66 74 80 54
Inventory Days 30 36 17 26 50 58
Days Payable 60 110 53 58 76 68
Cash Conversion Cycle 18 6 30 41 55 44
Working Capital Days 10 9 19 14 26 21
ROCE % 5% 11% 11% 9% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81%
0.01% 0.07% 0.00% 0.02% 0.08% 0.00% 0.05% 0.00% 0.02% 0.00% 0.01% 0.03%
0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
25.16% 25.10% 25.17% 25.15% 25.07% 25.17% 25.12% 25.16% 25.16% 25.16% 25.15% 25.13%
No. of Shareholders 40,56940,22140,40140,39639,33539,34938,91938,21140,13044,28645,33250,878

* 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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