Munjal Showa Ltd
₹ 134
0.44%
07 Aug
- close price
About
Incorporated in 1985, Munjal Showa
Ltd manufactures auto components
for two-wheelers and four-wheeler[1]
Key Points
- Market Cap ₹ 537 Cr.
- Current Price ₹ 134
- High / Low ₹ 162 / 109
- Stock P/E 20.3
- Book Value ₹ 170
- Dividend Yield 3.35 %
- ROCE 4.53 %
- ROE 3.31 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 0.79 times its book value
- Stock is providing a good dividend yield of 3.35%.
- Company has been maintaining a healthy dividend payout of 67.7%
Cons
- The company has delivered a poor sales growth of 3.92% over past five years.
- Company has a low return on equity of 1.85% over last 3 years.
- Earnings include an other income of Rs.25.4 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,643 | 1,502 | 1,460 | 1,581 | 1,669 | 1,288 | 1,085 | 1,060 | 1,241 | 1,173 | 1,250 | 1,315 | 1,377 | |
| 1,516 | 1,389 | 1,360 | 1,468 | 1,581 | 1,233 | 1,061 | 1,052 | 1,210 | 1,157 | 1,233 | 1,292 | 1,359 | |
| Operating Profit | 127 | 113 | 100 | 113 | 88 | 55 | 24 | 8 | 30 | 16 | 17 | 23 | 18 |
| OPM % | 8% | 8% | 7% | 7% | 5% | 4.3% | 2.2% | 0.8% | 2.5% | 1.3% | 1.4% | 1.8% | 1.3% |
| 9 | 5 | 17 | 21 | 23 | 25 | 24 | 18 | 24 | 33 | 30 | 17 | 25 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 29 | 29 | 29 | 28 | 26 | 20 | 16 | 12 | 12 | 12 | 12 | 11 | 11 |
| Profit before tax | 106 | 88 | 88 | 105 | 86 | 58 | 31 | 14 | 42 | 36 | 35 | 30 | 33 |
| Tax % | 29% | 30% | 31% | 26% | 27% | 27% | 17% | 12% | 24% | 15% | 18% | 26% | |
| 76 | 61 | 61 | 78 | 63 | 43 | 26 | 12 | 32 | 31 | 29 | 22 | 25 | |
| EPS in Rs | 18.91 | 15.29 | 15.18 | 19.38 | 15.65 | 10.64 | 6.54 | 3.04 | 7.98 | 7.69 | 7.22 | 5.47 | 6.21 |
| Dividend Payout % | 21% | 26% | 26% | 23% | 29% | 42% | 69% | 148% | 56% | 58% | 62% | 82% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 4% |
| 3 Years: | 2% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -2% |
| 3 Years: | -1% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 2% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| 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 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 403 | 445 | 505 | 562 | 603 | 625 | 633 | 629 | 643 | 656 | 666 | 670 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 202 | 157 | 163 | 224 | 181 | 129 | 160 | 148 | 159 | 146 | 154 | 187 | |
| Total Liabilities | 613 | 610 | 676 | 793 | 791 | 761 | 801 | 786 | 811 | 811 | 828 | 865 |
| 211 | 197 | 178 | 157 | 143 | 145 | 134 | 125 | 129 | 123 | 118 | 113 | |
| CWIP | 2 | 3 | 3 | 1 | 3 | 2 | 1 | 6 | 2 | 0 | 1 | 0 |
| Investments | 68 | 82 | 171 | 244 | 243 | 319 | 292 | 307 | 313 | 322 | 349 | 347 |
| 332 | 328 | 324 | 391 | 402 | 295 | 374 | 349 | 367 | 366 | 361 | 405 | |
| Total Assets | 613 | 610 | 676 | 793 | 791 | 761 | 801 | 786 | 811 | 811 | 828 | 865 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 65 | 83 | 96 | 41 | 66 | -18 | 30 | 6 | 11 | 37 | -21 | |
| -48 | -26 | -79 | -63 | 3 | -82 | 43 | -5 | 0 | 19 | -10 | 14 | |
| -22 | -38 | -0 | -19 | -22 | -22 | -18 | -18 | -18 | -18 | -18 | -18 | |
| Net Cash Flow | -14 | 1 | 4 | 14 | 23 | -39 | 7 | 7 | -11 | 12 | 9 | -25 |
| Free Cash Flow | 40 | 48 | 75 | 90 | 27 | 46 | -23 | 22 | -6 | 8 | 31 | -27 |
| CFO/OP | 66% | 91% | 118% | 112% | 85% | 152% | -44% | 439% | 33% | 125% | 270% | -49% |
Ratios
Figures in Rs. Crores
| 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 | 48 | 49 | 57 | 44 | 40 | 66 | 59 | 57 | 57 | 49 | 65 |
| Inventory Days | 20 | 21 | 21 | 20 | 23 | 28 | 39 | 32 | 28 | 29 | 29 | 30 |
| Days Payable | 47 | 44 | 46 | 58 | 42 | 39 | 57 | 51 | 49 | 46 | 45 | 56 |
| Cash Conversion Cycle | 18 | 25 | 24 | 18 | 25 | 29 | 49 | 40 | 36 | 40 | 33 | 39 |
| Working Capital Days | 22 | 31 | 28 | 23 | 25 | 30 | 49 | 41 | 43 | 44 | 34 | 43 |
| ROCE % | 27% | 20% | 17% | 18% | 12% | 6% | 4% | 1% | 5% | 5% | 0% | 5% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Headcount employees |
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| Hero MotoCorp (Top Customer) Revenue Share % of revenue from operations |
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| R&D Expenditure Rs lakhs |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Results - Financial Results For The Quarter Ended June 30, 2026
- Board approved Q1 FY27 unaudited results; PAT rose to ₹1,122.58 lakh on ₹34,749.81 lakh revenue.
-
Board Meeting Outcome for Munjal Showa Limited Has Informed The Stock Exchanges About The Outcome Of Board Meeting Held On August 03, 2026 To Consider The Un-Audited Financial Results For The Quarter Ended June 30, 2026.
- Board approved Q1 FY27 unaudited results for quarter ended June 30, 2026; revenue Rs 34,749.81 lakh, PAT Rs 1,122.58 lakh.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Letter To The Shareholders - Annual Report FY 2025-26
- Munjal Showa schedules 41st AGM on 24 Aug 2026; annual report sent, record date 5 Aug, dividend by 23 Sep.
Annual reports
-
Financial Year 2026
from bse
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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
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
-
Financial Year 2013
from nse
Business Overview:[1][2]
Munjal Showa, a joint venture between Hero Group and Japan’s Astemo Ltd., manufactures shock absorbers, front forks, struts, and gas springs. Adhering to international quality standards, it supplies major two-wheeler, four-wheeler, and EV OEMs including Hero MotoCorp and Maruti Suzuki.