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Munjal Auto Inds Overview

Munjal Auto Industries Ltd gives exhaust system or mufflers for two-wheelers. The Company is engaged within the manufacture of wheels, rims, fuel tanks and other components for automobile industries. It operates via Automobile Parts section. Its product variety for 2-3 wheelers includes Steel Wheel Rim and Spoke Wheel Rim. Its product range for four-wheelers include fuel tank assembly, seat structure machine, side step assembly and different merchandise. Its different merchandise encompass entire assemblies and sheet steel components. Its centr...Read More

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Munjal Auto Inds Key Financials

Market Cap ₹793 Cr.

Stock P/E 20.2

P/B 1.8

Current Price ₹79.3

Book Value ₹ 44.6

Face Value 2

52W High ₹114.6

Dividend Yield 1.26%

52W Low ₹ 67.1

Munjal Auto Inds Share Price

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Volume
Price

Munjal Auto Inds Quarterly Price

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Munjal Auto Inds Peer Comparison

Munjal Auto Inds Quarterly Results

#(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 545 422 406 510 522 522 512 491 584 606
Other Income 7 11 8 13 12 5 1 13 11 7
Total Income 552 433 414 523 535 527 513 504 595 612
Total Expenditure 509 396 373 480 492 500 477 463 558 564
Operating Profit 43 37 42 43 43 27 36 41 38 49
Interest 7 7 6 7 8 8 8 9 10 10
Depreciation 14 14 14 14 15 15 15 15 15 17
Exceptional Income / Expenses 0 -39 27 -12 0 0 0 11 0 -2
Profit Before Tax 22 -23 48 10 21 3 13 28 13 20
Provision for Tax 7 -0 12 -0 0 5 2 9 -1 5
Profit After Tax 15 -23 36 10 20 -2 10 19 13 15
Adjustments -1 11 -9 1 -2 -0 -2 -4 -2 -1
Profit After Adjustments 14 -12 27 12 19 -2 8 16 11 13
Adjusted Earnings Per Share 1.4 -1.2 2.7 1.2 1.9 -0.2 0.8 1.6 1.1 1.3

Munjal Auto Inds Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1214 1236 2123 1916 1984 1882 2066 2193
Other Income 4 5 5 5 13 36 31 32
Total Income 1218 1241 2128 1921 1997 1918 2097 2224
Total Expenditure 1145 1190 2040 1833 1894 1761 1949 2062
Operating Profit 73 51 88 88 103 156 148 164
Interest 4 12 16 12 27 28 31 37
Depreciation 20 31 39 36 53 56 59 62
Exceptional Income / Expenses 0 -0 0 0 48 -12 -12 9
Profit Before Tax 49 7 33 41 70 61 46 74
Provision for Tax 11 3 13 11 19 23 7 15
Profit After Tax 37 4 20 30 52 38 39 57
Adjustments -1 0 0 -3 5 0 -3 -9
Profit After Adjustments 36 4 21 27 56 38 37 48
Adjusted Earnings Per Share 3.6 0.4 2.1 2.7 5.6 3.8 3.7 4.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 3% 11% 0%
Operating Profit CAGR -5% 19% 24% 0%
PAT CAGR 3% 9% 58% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 5% 25% 10% 7%
ROE Average 10% 11% 10% 9%
ROCE Average 14% 18% 16% 14%

Munjal Auto Inds Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 297 289 311 337 384 401 416
Minority's Interest 12 12 12 14 10 10 12
Borrowings 27 93 79 53 32 18 39
Other Non-Current Liabilities -5 28 35 40 198 197 207
Total Current Liabilities 220 362 420 513 642 578 545
Total Liabilities 551 784 856 958 1266 1205 1219
Fixed Assets 200 343 303 263 416 398 439
Other Non-Current Assets 76 25 22 32 40 44 55
Total Current Assets 275 415 531 649 799 752 725
Total Assets 551 784 856 958 1266 1205 1219

Munjal Auto Inds Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 21 16 15 3 8 6
Cash Flow from Operating Activities 26 87 59 137 33 127 25
Cash Flow from Investing Activities -15 -139 -14 -99 37 -77 -9
Cash Flow from Financing Activities -5 47 -45 -50 -65 -53 -15
Net Cash Inflow / Outflow 6 -5 -0 -13 6 -3 1
Closing Cash & Cash Equivalent 21 16 15 3 8 6 6

Munjal Auto Inds Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.6 0.41 2.06 2.68 5.61 3.85 3.66
CEPS(Rs) 5.76 3.52 5.95 6.54 10.46 9.37 9.84
DPS(Rs) 1 0 0 1 2 2 1
Book NAV/Share(Rs) 29.71 28.89 31.05 33.75 38.43 40.12 41.57
Core EBITDA Margin(%) 5.7 3.66 3.89 4.32 4.53 6.4 5.68
EBIT Margin(%) 4.36 1.52 2.3 2.74 4.9 4.72 3.74
Pre Tax Margin(%) 4.01 0.55 1.56 2.12 3.54 3.25 2.25
PAT Margin (%) 3.07 0.3 0.96 1.55 2.6 2.02 1.9
Cash Profit Margin (%) 4.74 2.85 2.8 3.41 5.27 4.98 4.76
ROA(%) 6.77 0.56 2.49 3.27 4.64 3.08 3.24
ROE(%) 12.55 1.28 6.82 9.14 14.3 9.68 9.61
ROCE(%) 15.39 4.97 11.7 12.3 21.33 18.05 14.41
Receivable days 48.68 63.63 56.08 73.41 75.83 69.24 50.96
Inventory Days 22.43 24.72 15.12 18.55 29.42 40.45 38.89
Payable days 60.5 84.44 54.72 59.65 68.31 76.99 64.12
PER(x) 15.03 63.2 26.08 15.25 6.48 20.61 18.37
Price/Book(x) 1.82 0.9 1.73 1.21 0.95 1.98 1.62
Dividend Yield(%) 1.85 0 0 2.45 5.5 2.52 1.49
EV/Net Sales(x) 0.46 0.3 0.3 0.26 0.23 0.47 0.39
EV/Core EBITDA(x) 7.71 7.25 7.19 5.61 4.37 5.63 5.5
Net Sales Growth(%) 0 1.77 71.79 -9.75 3.58 -5.17 9.81
EBIT Growth(%) 0 -64.53 159.81 7.43 85.6 -8.79 -12.82
PAT Growth(%) 0 -89.98 446.73 44.87 74.32 -26.33 3.25
EPS Growth(%) 0 -88.54 400.44 29.89 109.51 -31.43 -4.94
Debt/Equity(x) 0.16 0.43 0.36 0.27 0.25 0.25 0.38
Current Ratio(x) 1.25 1.15 1.27 1.27 1.24 1.3 1.33
Quick Ratio(x) 0.91 0.89 1.07 1.05 0.92 0.94 0.91
Interest Cover(x) 12.38 1.56 3.12 4.46 3.6 3.23 2.5
Total Debt/Mcap(x) 0.09 0.47 0.21 0.23 0.27 0.13 0.23

Munjal Auto Inds Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81
FII 0.02 0 0.01 0.03 0.03 0.07 0.11 0.01 0.04 0
DII 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Public 25.15 25.17 25.16 25.13 25.13 25.1 25.06 25.16 25.13 25.16
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Munjal Auto Inds News

Munjal Auto Inds Pros & Cons

Pros

  • Company has delivered good profit growth of 57% CAGR over last 5 years
  • Debtor days have improved from 76.99 to 64.12days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
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