Munjal Auto Inds

₹80.5 0.8 | 1%

WEBSITE BSE:520059 NSE : MUNAUTO 10 May, 16:01

Market Cap ₹805 Cr.

Stock P/E 53.5

P/B 2.2

Current Price ₹80.5

Book Value ₹ 36.5

Face Value 2

52W High ₹115.4

Dividend Yield 2.48%

52W Low ₹ 42.8

Edit Ratio

Munjal Auto Inds Research see more...

Overview Inc. Year: 1985Industry: Auto Ancillary

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 centres encompass engineering and device room, which includes central tool room and technical center, tool design centre and device production; gas tank production line; exhaust production line; metal structure manufacturing line; metallic wheel rim manufacturing line; motorbike rim production line, and other abilities, which includes stamping facility, roll forming, computer numerical control (CNC) tube bending, welding facility and surface remedy.

Munjal Auto Inds Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Munjal Auto Inds Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	644	468	374	481	544	477	483	509	545	422
Other Income	1	2	1	3	3	3	3	10	7	11
Total Income	645	470	376	484	547	480	486	519	552	433
Total Expenditure	622	445	355	456	518	459	461	484	509	396
Operating Profit	23	25	21	29	29	21	24	35	43	37
Interest	3	3	3	5	7	7	7	7	7	7
Depreciation	10	9	7	12	13	14	14	14	14	14
Exceptional Income / Expenses	0	0	0	47	-0	0	0	0	0	-39
Profit Before Tax	10	13	11	58	9	-0	4	14	22	-23
Provision for Tax	4	6	1	13	1	3	1	4	7	-0
Profit After Tax	6	7	10	45	8	-4	2	10	15	-23
Adjustments	-1	-0	-1	0	0	3	1	-0	-1	11
Profit After Adjustments	5	7	10	45	8	-1	4	10	14	-12
Adjusted Earnings Per Share	0.5	0.7	1	4.5	0.8	-0.1	0.4	1	1.4	-1.2

Munjal Auto Inds Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1214	1236	2123	1916	1984	1959
Other Income	4	5	5	5	13	31
Total Income	1218	1241	2128	1921	1997	1990
Total Expenditure	1145	1190	2040	1833	1894	1850
Operating Profit	73	51	88	88	103	139
Interest	4	12	16	12	27	28
Depreciation	20	31	39	36	53	56
Exceptional Income / Expenses	0	-0	0	0	48	-39
Profit Before Tax	49	7	33	41	70	17
Provision for Tax	11	3	13	11	19	12
Profit After Tax	37	4	20	30	52	4
Adjustments	-1	0	0	-3	5	11
Profit After Adjustments	36	4	21	27	56	16
Adjusted Earnings Per Share	3.6	0.4	2.1	2.7	5.6	1.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	4%	17%	0%	0%
Operating Profit CAGR	17%	26%	0%	0%
PAT CAGR	73%	135%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	83%	12%	11%	12%
ROE Average	14%	10%	9%	9%
ROCE Average	21%	15%	13%	13%

Munjal Auto Inds Balance Sheet

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

Munjal Auto Inds Cash Flow

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

Munjal Auto Inds Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.6	0.41	2.06	2.68	5.61
CEPS(Rs)	5.76	3.52	5.95	6.54	10.46
DPS(Rs)	1	0	0	1	2
Book NAV/Share(Rs)	29.71	28.89	31.05	33.75	38.43
Core EBITDA Margin(%)	5.7	3.66	3.89	4.32	4.53
EBIT Margin(%)	4.36	1.52	2.3	2.74	4.9
Pre Tax Margin(%)	4.01	0.55	1.56	2.12	3.54
PAT Margin (%)	3.07	0.3	0.96	1.55	2.6
Cash Profit Margin (%)	4.74	2.85	2.8	3.41	5.27
ROA(%)	6.77	0.56	2.49	3.27	4.64
ROE(%)	12.55	1.28	6.82	9.14	14.3
ROCE(%)	15.39	4.97	11.7	12.3	21.33
Receivable days	48.68	63.63	56.08	73.41	75.83
Inventory Days	22.43	24.72	15.12	18.55	29.42
Payable days	60.5	84.44	54.72	59.65	68.31
PER(x)	15.03	63.2	26.08	15.25	6.48
Price/Book(x)	1.82	0.9	1.73	1.21	0.95
Dividend Yield(%)	1.85	0	0	2.45	5.5
EV/Net Sales(x)	0.46	0.3	0.3	0.26	0.23
EV/Core EBITDA(x)	7.71	7.25	7.19	5.61	4.37
Net Sales Growth(%)	0	1.77	71.79	-9.75	3.58
EBIT Growth(%)	0	-64.53	159.81	7.43	85.6
PAT Growth(%)	0	-89.98	446.73	44.87	74.32
EPS Growth(%)	0	-88.54	400.44	29.89	109.51
Debt/Equity(x)	0.16	0.43	0.36	0.27	0.25
Current Ratio(x)	1.25	1.15	1.27	1.27	1.24
Quick Ratio(x)	0.91	0.89	1.07	1.05	0.92
Interest Cover(x)	12.38	1.56	3.12	4.46	3.6
Total Debt/Mcap(x)	0.09	0.47	0.21	0.23	0.27

Munjal Auto Inds Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.81	74.81	74.81	74.81	74.81	74.81	74.81	74.81	74.81	74.81
FII	0.01	0.07	0	0.02	0.08	0	0.05	0	0.02	0
DII	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Public	25.16	25.1	25.17	25.15	25.08	25.17	25.12	25.16	25.15	25.17
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.48	7.48	7.48	7.48	7.48	7.48	7.48	7.48	7.48	7.48
FII	0	0.01	0	0	0.01	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	2.52	2.51	2.52	2.51	2.51	2.52	2.51	2.52	2.51	2.52
Others	0	0	0	0	0	0	0	0	0	0
Total	10	10	10	10	10	10	10	10	10	10

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Debtor days have increased from 59.65 to 68.31days.

* 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.