Munjal Showa Ltd

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

Munjal Showa Ltd

₹ 148 0.34%
29 Sep - close price
munjalshowa.net BSE: 520043 NSE : MUNJALSHOW
About

Munjal Showa Ltd operates as an ancillary and manufactures auto components for two-wheeler and four-wheeler automotive players in the domestic market.
It was established in 1985 as a result of technical and financial collaboration between Hero Group and Showa Corporation, Japan.[1]

Key Points

Product Portfolio
The company's product portfolio includes Front Forks, Rear Cushions, Struts, and Gas Spring/Rear Door Lifters, etc. [1]
For 2 Wheelers:
Rear Shock Absorber (Rear Cushion): For bike models- Splendor, Hunk, Ignitor, Pleasure, Maestro, Unicorn, and Super Splendor.
Front Shock Absorber (Front Fork): For bike models- Spendor, Super Splendor, Hunk, SZ-Yamaha, HF-Super Deluxe, Unicorn, Xtreme Sports, and Passion. [2]
For 4 Wheelers:
Strut (Front Strut): For car models- Honda City, Eeco, and Celerio
Strut (Back Strut): For car model- Swift
Gas Spring (Open Stay/ Window Balancer): For car models: Omni Van, 800 CC, and WagonR [3]

Website BSE NSE
  • Market Cap ₹ 593 Cr.
  • Current Price ₹ 148
  • High / Low ₹ 159 / 82.8
  • Stock P/E 16.1
  • Book Value ₹ 163
  • Dividend Yield 3.04 %
  • ROCE 4.63 %
  • ROE 3.45 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.91 times its book value
  • Stock is providing a good dividend yield of 3.04%.
  • Company has been maintaining a healthy dividend payout of 91.1%

Cons

  • The company has delivered a poor sales growth of -4.74% over past five years.
  • Company has a low return on equity of 2.70% over last 3 years.
  • Earnings include an other income of Rs.35.0 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
90 330 348 316 197 301 266 296 318 316 308 299 288
106 317 330 309 202 297 266 288 315 313 300 283 281
Operating Profit -16 14 19 7 -5 4 0 9 3 3 8 16 7
OPM % -17% 4% 5% 2% -3% 1% 0% 3% 1% 1% 3% 5% 2%
8 5 7 4 5 7 4 2 0 9 -0 15 11
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 4 4 4 3 3 3 3 3 3 3 3 3
Profit before tax -11 14 22 7 -3 8 1 8 0 9 5 28 15
Tax % 32% 21% 21% 19% 21% 18% 17% 9% 9% 19% 36% 24% 16%
-8 11 17 6 -2 6 1 7 0 7 3 21 13
EPS in Rs -1.92 2.68 4.32 1.46 -0.56 1.59 0.24 1.76 0.08 1.82 0.79 5.30 3.19
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,553 1,578 1,595 1,643 1,502 1,460 1,581 1,669 1,288 1,085 1,060 1,241 1,211
1,431 1,471 1,489 1,516 1,389 1,360 1,468 1,581 1,233 1,061 1,052 1,210 1,177
Operating Profit 122 107 106 127 113 100 113 88 55 24 8 30 34
OPM % 8% 7% 7% 8% 8% 7% 7% 5% 4% 2% 1% 2% 3%
3 -4 6 9 5 17 21 23 25 24 18 24 35
Interest 11 7 3 1 0 0 0 0 1 0 0 0 0
Depreciation 27 28 28 29 29 29 28 26 20 16 12 12 12
Profit before tax 86 68 80 106 88 88 105 86 58 31 14 42 57
Tax % 22% 11% 13% 29% 30% 31% 26% 27% 27% 17% 12% 24%
67 61 70 76 61 61 78 63 43 26 12 32 44
EPS in Rs 16.78 15.17 17.43 18.91 15.29 15.18 19.38 15.65 10.64 6.54 3.04 7.98 11.10
Dividend Payout % 18% 20% 20% 21% 26% 26% 23% 29% 42% 69% 148% 56%
Compounded Sales Growth
10 Years: -2%
5 Years: -5%
3 Years: -1%
TTM: 3%
Compounded Profit Growth
10 Years: -10%
5 Years: -21%
3 Years: -6%
TTM: 89%
Stock Price CAGR
10 Years: 9%
5 Years: -4%
3 Years: 5%
1 Year: 48%
Return on Equity
10 Years: 9%
5 Years: 4%
3 Years: 3%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 8 8 8 8 8 8 8 8 8 8 8
Reserves 248 295 348 403 445 505 562 603 625 633 629 643
73 21 0 0 0 0 0 0 0 0 0 0
213 208 218 202 157 163 224 181 129 160 148 159
Total Liabilities 542 532 574 613 610 676 793 791 761 801 786 811
245 246 233 211 197 178 157 143 145 134 125 129
CWIP 11 7 1 2 3 3 1 3 2 1 6 2
Investments 3 20 30 68 82 171 244 243 319 292 307 313
283 259 311 332 328 324 391 402 295 374 349 367
Total Assets 542 532 574 613 610 676 793 791 761 801 786 811

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
61 116 55 55 65 83 96 41 66 -18 30 6
-25 -31 -18 -48 -26 -79 -63 3 -82 43 -5 0
-35 -72 -40 -22 -38 -0 -19 -22 -22 -18 -18 -18
Net Cash Flow 2 13 -2 -14 1 4 14 23 -39 7 7 -11

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 41 33 40 45 48 49 57 44 40 66 59 57
Inventory Days 15 12 15 20 21 21 20 23 28 39 32 28
Days Payable 53 47 51 47 44 46 58 42 39 57 51 49
Cash Conversion Cycle 4 -2 5 18 25 24 18 25 29 49 40 36
Working Capital Days 5 -2 11 22 31 28 23 25 30 49 41 43
ROCE % 31% 25% 24% 27% 20% 17% 18% 12% 6% 4% 1% 5%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
65.02% 65.02% 65.02% 65.02% 65.02% 65.02% 65.02% 65.01% 65.01% 65.02% 65.02% 65.02%
0.39% 0.39% 0.39% 0.48% 0.83% 0.79% 0.88% 1.25% 1.37% 1.36% 1.26% 1.53%
0.02% 0.02% 0.02% 0.02% 0.03% 0.02% 0.02% 0.04% 0.03% 0.03% 0.03% 0.01%
34.57% 34.57% 34.57% 34.48% 34.13% 34.17% 34.08% 33.70% 33.59% 33.59% 33.71% 33.45%
No. of Shareholders 22,39522,04820,74122,14623,13222,63623,15623,02823,36823,03722,79723,304

* 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.

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