WEBSITE BSE:531727 NSE: MENON PISTON Inc. Year: 1977 Industry: Auto Ancillary My Bucket: Add Stock
Last updated: 15:43
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Menon Pistons Ltd is engaged in production of auto components, such as pistons, gudgeon pins and rings required for business and passenger motors. The Company's product variety includes piston assemblies for an array of features catering to numerous packages, such as heavy duty diesel engines for generation of power/off highway motors/gasoline engines; heavy/medium/light commercial vehicles with diesel engines; passenger automobile (diesel and gasoline) engines, and bi-wheeler (four stroke)/small engine applications. The Company develops and pr...Read More
Menon Pistons Ltd is engaged in production of auto components, such as pistons, gudgeon pins and rings required for business and passenger motors. The Company's product variety includes piston assemblies for an array of features catering to numerous packages, such as heavy duty diesel engines for generation of power/off highway motors/gasoline engines; heavy/medium/light commercial vehicles with diesel engines; passenger automobile (diesel and gasoline) engines, and bi-wheeler (four stroke)/small engine applications. The Company develops and produces pistons with diameters starting from 130 millimeters to 190 millimeters featuring single alfin and dual alfin gravity die forged pistons. Its products encompass 1 MW Piston, 140 mm dia BEML Piston, Articulated Piston, Cooled Gallery Cut Section, TATA 497 Euro II Piston, TATA 4SP Euro III Piston and Kirloskar Copeland Pistons. It's plants are located at Sangli and Kolhapur. ...Read Less
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Market Cap ₹295 Cr.
Stock P/E 12.4
P/B 1.7
Current Price ₹57.9
Book Value ₹ 34
Face Value 1
52W High ₹71.9
Dividend Yield 1.73%
52W Low ₹ 46.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 65 | 59 | 61 | 69 | 65 | 63 | 56 | 80 | 75 | 76 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Total Income | 65 | 59 | 61 | 70 | 66 | 64 | 57 | 81 | 75 | 77 |
| Total Expenditure | 52 | 49 | 49 | 56 | 53 | 53 | 47 | 67 | 62 | 64 |
| Operating Profit | 13 | 10 | 11 | 13 | 12 | 11 | 10 | 14 | 13 | 13 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 3 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit Before Tax | 9 | 7 | 8 | 9 | 9 | 8 | 6 | 10 | 10 | 9 |
| Provision for Tax | 2 | 3 | 0 | 2 | 2 | 2 | 1 | 3 | 3 | 3 |
| Profit After Tax | 7 | 4 | 7 | 7 | 7 | 6 | 4 | 8 | 7 | 6 |
| Adjustments | 0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 7 | 4 | 7 | 7 | 7 | 6 | 4 | 8 | 7 | 6 |
| Adjusted Earnings Per Share | 1.4 | 0.9 | 1.4 | 1.4 | 1.3 | 1.1 | 0.8 | 1.5 | 1.4 | 1.3 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 212 | 251 | 258 | 254 | 287 |
| Other Income | 0 | 1 | 1 | 2 | 4 |
| Total Income | 213 | 252 | 258 | 255 | 290 |
| Total Expenditure | 178 | 207 | 210 | 209 | 240 |
| Operating Profit | 35 | 45 | 48 | 47 | 50 |
| Interest | 1 | 3 | 4 | 4 | 4 |
| Depreciation | 7 | 10 | 10 | 11 | 12 |
| Exceptional Income / Expenses | 0 | 3 | 0 | 0 | 0 |
| Profit Before Tax | 26 | 35 | 35 | 32 | 35 |
| Provision for Tax | 8 | 12 | 8 | 8 | 10 |
| Profit After Tax | 19 | 23 | 26 | 24 | 25 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 19 | 23 | 26 | 24 | 25 |
| Adjusted Earnings Per Share | 3.7 | 4.6 | 5.2 | 4.7 | 5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -2% | 6% | 0% | 0% |
| Operating Profit CAGR | -2% | 10% | 0% | 0% |
| PAT CAGR | -8% | 8% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 7% | 9% | 26% | 17% |
| ROE Average | 16% | 20% | 19% | 19% |
| ROCE Average | 22% | 26% | 25% | 25% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 97 | 118 | 139 | 157 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 19 | 5 | 5 | 9 |
| Other Non-Current Liabilities | 2 | 3 | 3 | 4 |
| Total Current Liabilities | 41 | 49 | 55 | 43 |
| Total Liabilities | 158 | 174 | 202 | 214 |
| Fixed Assets | 50 | 62 | 90 | 91 |
| Other Non-Current Assets | 13 | 16 | 8 | 15 |
| Total Current Assets | 95 | 96 | 105 | 108 |
| Total Assets | 158 | 174 | 202 | 214 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 13 | 1 | 0 | 2 |
| Cash Flow from Operating Activities | 1 | 49 | 24 | 39 |
| Cash Flow from Investing Activities | -26 | -24 | -22 | -25 |
| Cash Flow from Financing Activities | 13 | -25 | -0 | -14 |
| Net Cash Inflow / Outflow | -12 | -1 | 2 | 0 |
| Closing Cash & Cash Equivalent | 1 | 0 | 2 | 3 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.69 | 4.58 | 5.19 | 4.68 |
| CEPS(Rs) | 5.04 | 6.53 | 7.06 | 6.76 |
| DPS(Rs) | 0.75 | 1 | 1 | 1 |
| Book NAV/Share(Rs) | 18.94 | 23.08 | 27.24 | 30.82 |
| Core EBITDA Margin(%) | 16.24 | 17.38 | 18.43 | 17.7 |
| EBIT Margin(%) | 13.15 | 15.17 | 14.97 | 14.2 |
| Pre Tax Margin(%) | 12.45 | 14.01 | 13.42 | 12.54 |
| PAT Margin (%) | 8.85 | 9.29 | 10.27 | 9.4 |
| Cash Profit Margin (%) | 12.09 | 13.25 | 13.97 | 13.59 |
| ROA(%) | 11.88 | 14.04 | 14.06 | 11.47 |
| ROE(%) | 19.46 | 21.78 | 20.61 | 16.11 |
| ROCE(%) | 22.02 | 29.76 | 26.74 | 21.65 |
| Receivable days | 102.35 | 83.51 | 86.07 | 87.31 |
| Inventory Days | 47.38 | 39.77 | 39.27 | 46.06 |
| Payable days | 82.68 | 60.8 | 64.94 | 86.17 |
| PER(x) | 13.29 | 8.6 | 17.32 | 9.93 |
| Price/Book(x) | 2.59 | 1.71 | 3.3 | 1.51 |
| Dividend Yield(%) | 1.53 | 2.54 | 1.11 | 2.15 |
| EV/Net Sales(x) | 1.31 | 0.82 | 1.85 | 0.96 |
| EV/Core EBITDA(x) | 7.99 | 4.59 | 9.89 | 5.21 |
| Net Sales Growth(%) | 0 | 18.22 | 2.59 | -1.55 |
| EBIT Growth(%) | 0 | 36.41 | 1.25 | -6.62 |
| PAT Growth(%) | 0 | 24.13 | 13.34 | -9.85 |
| EPS Growth(%) | 0 | 24.14 | 13.34 | -9.84 |
| Debt/Equity(x) | 0.31 | 0.1 | 0.15 | 0.1 |
| Current Ratio(x) | 2.34 | 1.97 | 1.9 | 2.52 |
| Quick Ratio(x) | 1.66 | 1.42 | 1.38 | 1.68 |
| Interest Cover(x) | 18.78 | 13.05 | 9.63 | 8.56 |
| Total Debt/Mcap(x) | 0.12 | 0.06 | 0.04 | 0.07 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.37 | 74.37 | 74.37 | 74.37 | 74.37 | 74.37 | 74.37 | 74.37 | 74.37 | 74.37 |
| FII | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.59 | 25.59 | 25.59 | 25.6 | 25.6 | 25.6 | 25.6 | 25.63 | 25.63 | 25.63 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5.1 | 5.1 | 5.1 | 5.1 | 5.1 | 5.1 | 5.1 | 5.1 | 5.1 | 5.1 |
* The pros and cons are machine generated.
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