Munjal Auto Industries Ltd

Munjal Auto Industries Ltd

₹ 94.6 -1.68%
08 Jun 10:25 a.m.
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.

  • Market Cap 946 Cr.
  • Current Price 94.6
  • High / Low 115 / 67.2
  • Stock P/E 26.8
  • Book Value 44.8
  • Dividend Yield 1.07 %
  • ROCE 11.1 %
  • ROE 8.19 %
  • Face Value 2.00

Pros

Cons

  • The company has delivered a poor sales growth of 1.58% over past five years.
  • Company has a low return on equity of 9.71% 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.

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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
482.83 508.58 544.68 422.17 406.33 509.92 522.49 522.09 511.88 491.02 584.09 605.81 614.24
461.36 484.03 508.62 396.12 372.68 480.15 491.80 499.79 477.27 462.65 557.69 563.79 595.57
Operating Profit 21.47 24.55 36.06 26.05 33.65 29.77 30.69 22.30 34.61 28.37 26.40 42.02 18.67
OPM % 4.45% 4.83% 6.62% 6.17% 8.28% 5.84% 5.87% 4.27% 6.76% 5.78% 4.52% 6.94% 3.04%
3.35 10.32 7.15 -28.30 34.98 1.01 12.18 4.64 1.27 23.68 11.33 4.91 11.69
Interest 7.46 6.96 7.12 6.99 6.44 6.79 7.63 8.48 8.08 8.52 9.71 10.38 9.97
Depreciation 13.78 13.62 13.92 14.16 14.02 13.75 14.62 15.49 15.24 15.11 15.41 16.96 17.95
Profit before tax 3.58 14.29 22.17 -23.40 48.17 10.24 20.62 2.97 12.56 28.42 12.61 19.59 2.44
Tax % 35.75% 28.13% 32.97% -0.26% 24.64% -2.25% 1.50% 167.00% 18.15% 32.05% -6.98% 25.27% 151.64%
2.29 10.28 14.87 -23.35 36.30 10.47 20.30 -1.99 10.28 19.31 13.49 14.64 -1.26
EPS in Rs 0.36 0.99 1.38 -1.22 2.72 1.17 1.86 -0.22 0.83 1.58 1.12 1.35 -0.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,214 1,236 2,123 1,916 1,984 1,882 2,066 2,295
1,143 1,190 2,040 1,833 1,894 1,761 1,949 2,167
Operating Profit 71 45 83 83 90 120 117 128
OPM % 6% 4% 4% 4% 5% 6% 6% 6%
3 5 5 5 60 24 19 39
Interest 4 12 16 12 27 28 31 39
Depreciation 20 32 39 36 53 56 59 65
Profit before tax 49 7 33 41 70 61 46 63
Tax % 23% 44% 38% 27% 27% 38% 15% 27%
37 4 20 30 52 38 39 46
EPS in Rs 3.60 0.41 2.06 2.68 5.61 3.85 3.64 4.02
Dividend Payout % 28% -0% -0% 37% 36% 52% 27% -0%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 5%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 11%
TTM: -15%
Stock Price CAGR
10 Years: 9%
5 Years: 7%
3 Years: 22%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 10%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 20 20 20 20 20 20 20 20
Reserves 277 269 291 317 364 381 396 428
47 123 147 116 282 276 350 423
220 383 405 508 602 527 454 584
Total Liabilities 564 796 862 961 1,268 1,205 1,219 1,455
200 343 303 263 416 399 440 317
CWIP 25 2 1 4 8 9 18 157
Investments 7 21 26 118 104 171 129 116
332 430 531 576 740 626 633 865
Total Assets 564 796 862 961 1,268 1,205 1,219 1,455

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
26 87 59 137 33 127 25 45
-15 -139 -14 -99 37 -77 -9 -57
-5 47 -45 -50 -65 -53 -15 18
Net Cash Flow 6 -5 -0 -13 6 -3 1 5
Free Cash Flow -40 -41 50 128 52 88 -39 -28
CFO/OP 53% 205% 79% 174% 58% 118% 24% 46%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 49 79 66 74 80 54 53 68
Inventory Days 30 36 17 26 50 58 58 62
Days Payable 60 110 53 58 76 68 67 80
Cash Conversion Cycle 18 6 30 41 55 44 44 50
Working Capital Days 7 4 12 5 9 0 7 27
ROCE % 5% 11% 11% 9% 14% 12% 11%

Insights

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

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81%
0.05% 0.00% 0.02% 0.00% 0.01% 0.03% 0.04% 0.07% 0.11% 0.01% 0.03% 0.00%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
25.12% 25.16% 25.16% 25.16% 25.15% 25.13% 25.13% 25.11% 25.06% 25.16% 25.13% 25.17%
No. of Shareholders 38,91938,21140,13044,28645,33250,87848,93949,04448,07250,06348,80547,111

* 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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