WEBSITE BSE:520043 NSE: MUNJAL SHOWA Inc. Year: 1985 Industry: Auto Ancillary My Bucket: Add Stock
Last updated: 15:50
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Munjal Showa Ltd is engaged in the manufacture of shock absorbers and struts. The Company operates as an ancillary and manufactures car additives for the two-wheeler and 4-wheeler enterprise, primary products being front forks, shock absorbers, struts, gas springs and window balancers for sale in home marketplace. It elements shock absorbers to car groups in India, Japan, Germany, the USA and the United Kingdom, among different markets. Its products function original gadget to a range of Maruti Suzuki motors and export models, Honda City automo...Read More
Munjal Showa Ltd is engaged in the manufacture of shock absorbers and struts. The Company operates as an ancillary and manufactures car additives for the two-wheeler and 4-wheeler enterprise, primary products being front forks, shock absorbers, struts, gas springs and window balancers for sale in home marketplace. It elements shock absorbers to car groups in India, Japan, Germany, the USA and the United Kingdom, among different markets. Its products function original gadget to a range of Maruti Suzuki motors and export models, Honda City automobile, a range of Hero Honda Motorcycles, Kawasaki Bajaj Motorcycles, Kinetic Scooters and Hero range of mini-bikes and mopeds, and Honda Motorcycles and Scooters India (Pvt) Ltd. Its shock absorbers, the front fork, struts and window balancers/gas springs are used in 2 and 4 wheeled automobiles. It has over three production places, 2 in Haryana and 1 in Uttarakhand. ...Read Less
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Market Cap ₹570 Cr.
Stock P/E 19.7
P/B 0.8
Current Price ₹142.5
Book Value ₹ 169.5
Face Value 2
52W High ₹162.6
Dividend Yield 3.16%
52W Low ₹ 106.3
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 | 287 | 303 | 294 | 311 | 318 | 319 | 303 | 286 | 333 | 350 |
| Other Income | 7 | 10 | 6 | 9 | 9 | 3 | 9 | 11 | 3 | 7 |
| Total Income | 295 | 313 | 300 | 320 | 327 | 322 | 311 | 297 | 336 | 357 |
| Total Expenditure | 289 | 300 | 288 | 304 | 323 | 311 | 296 | 284 | 329 | 337 |
| Operating Profit | 6 | 13 | 13 | 16 | 4 | 11 | 16 | 13 | 7 | 20 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Exceptional Income / Expenses | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Profit Before Tax | 1 | 10 | 10 | 13 | 1 | 8 | 13 | 10 | 4 | 15 |
| Provision for Tax | -0 | 1 | 2 | 2 | -1 | 2 | 4 | 2 | 1 | 4 |
| Profit After Tax | 2 | 9 | 8 | 12 | 2 | 6 | 9 | 8 | 3 | 11 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 2 | 9 | 8 | 12 | 2 | 6 | 9 | 8 | 3 | 11 |
| Adjusted Earnings Per Share | 0.4 | 2.2 | 2 | 3 | 0.5 | 1.5 | 2.2 | 2.1 | 0.7 | 2.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1643 | 1502 | 1460 | 1581 | 1669 | 1288 | 1085 | 1060 | 1241 | 1173 | 1250 | 1272 |
| Other Income | 8 | 5 | 18 | 21 | 23 | 25 | 24 | 18 | 20 | 34 | 30 | 30 |
| Total Income | 1651 | 1507 | 1477 | 1602 | 1693 | 1313 | 1109 | 1078 | 1261 | 1207 | 1281 | 1301 |
| Total Expenditure | 1516 | 1390 | 1360 | 1468 | 1581 | 1233 | 1061 | 1052 | 1210 | 1157 | 1233 | 1246 |
| Operating Profit | 135 | 117 | 117 | 134 | 112 | 79 | 48 | 27 | 51 | 50 | 47 | 56 |
| Interest | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 29 | 29 | 29 | 28 | 26 | 20 | 16 | 12 | 12 | 12 | 12 | 12 |
| Exceptional Income / Expenses | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | -1 | 0 | -2 |
| Profit Before Tax | 106 | 88 | 88 | 105 | 86 | 58 | 31 | 14 | 42 | 36 | 35 | 42 |
| Provision for Tax | 31 | 27 | 27 | 28 | 23 | 16 | 5 | 2 | 10 | 6 | 6 | 11 |
| Profit After Tax | 76 | 61 | 61 | 78 | 63 | 43 | 26 | 12 | 32 | 31 | 29 | 31 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 76 | 61 | 61 | 78 | 63 | 43 | 26 | 12 | 32 | 31 | 29 | 31 |
| Adjusted Earnings Per Share | 18.9 | 15.3 | 15.2 | 19.4 | 15.7 | 10.6 | 6.5 | 3 | 8 | 7.7 | 7.2 | 7.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 7% | 6% | -1% | -3% |
| Operating Profit CAGR | -6% | 20% | -10% | -10% |
| PAT CAGR | -6% | 34% | -8% | -9% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 26% | 14% | 1% | -3% |
| ROE Average | 4% | 5% | 4% | 9% |
| ROCE Average | 5% | 6% | 5% | 12% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 411 | 453 | 513 | 570 | 611 | 633 | 641 | 637 | 651 | 664 | 674 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 11 | 10 | 38 | 35 | 26 | 22 | 13 | 14 | 9 | 11 | 9 |
| Total Current Liabilities | 191 | 147 | 156 | 221 | 178 | 118 | 148 | 138 | 149 | 135 | 143 |
| Total Liabilities | 613 | 610 | 706 | 825 | 815 | 772 | 803 | 790 | 809 | 811 | 826 |
| Fixed Assets | 211 | 197 | 178 | 157 | 143 | 145 | 134 | 125 | 129 | 123 | 118 |
| Other Non-Current Assets | 41 | 53 | 95 | 90 | 134 | 123 | 124 | 146 | 119 | 128 | 100 |
| Total Current Assets | 360 | 359 | 434 | 578 | 538 | 505 | 546 | 519 | 561 | 560 | 607 |
| Total Assets | 613 | 610 | 706 | 825 | 815 | 772 | 803 | 790 | 809 | 811 | 826 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 16 | 2 | 1 | 6 | 19 | 42 | 3 | 10 | 17 | 5 | 17 |
| Cash Flow from Operating Activities | 55 | 65 | 83 | 96 | 41 | 66 | -18 | 30 | 6 | 11 | 37 |
| Cash Flow from Investing Activities | -48 | -26 | -79 | -63 | 3 | -82 | 43 | -5 | 0 | 19 | -10 |
| Cash Flow from Financing Activities | -22 | -38 | -0 | -19 | -22 | -22 | -18 | -18 | -18 | -18 | -18 |
| Net Cash Inflow / Outflow | -14 | 1 | 4 | 14 | 23 | -39 | 7 | 7 | -11 | 12 | 9 |
| Closing Cash & Cash Equivalent | 2 | 2 | 6 | 19 | 42 | 3 | 10 | 17 | 5 | 17 | 26 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 18.91 | 15.29 | 15.18 | 19.38 | 15.65 | 10.64 | 6.54 | 3.04 | 7.98 | 7.69 | 7.22 |
| CEPS(Rs) | 26.08 | 22.62 | 22.45 | 26.44 | 22.14 | 15.73 | 10.6 | 6.15 | 10.92 | 10.77 | 10.22 |
| DPS(Rs) | 4 | 4 | 4 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 |
| Book NAV/Share(Rs) | 102.69 | 113.24 | 128.18 | 142.42 | 152.68 | 158.16 | 160.37 | 159.37 | 162.83 | 166.08 | 168.64 |
| Core EBITDA Margin(%) | 7.11 | 6.86 | 6.27 | 7.01 | 5.29 | 4.26 | 2.21 | 0.8 | 2.45 | 1.34 | 1.37 |
| EBIT Margin(%) | 5.99 | 5.39 | 5.54 | 6.54 | 5.14 | 4.58 | 2.93 | 1.33 | 3.42 | 3.11 | 2.83 |
| Pre Tax Margin(%) | 5.96 | 5.38 | 5.53 | 6.52 | 5.12 | 4.54 | 2.9 | 1.31 | 3.4 | 3.09 | 2.81 |
| PAT Margin (%) | 4.24 | 3.74 | 3.82 | 4.8 | 3.75 | 3.3 | 2.41 | 1.15 | 2.57 | 2.62 | 2.31 |
| Cash Profit Margin (%) | 5.85 | 5.54 | 5.64 | 6.55 | 5.3 | 4.88 | 3.91 | 2.32 | 3.52 | 3.67 | 3.27 |
| ROA(%) | 12.74 | 10.01 | 9.23 | 10.12 | 7.63 | 5.36 | 3.32 | 1.53 | 3.99 | 3.8 | 3.53 |
| ROE(%) | 19.72 | 14.16 | 12.58 | 14.32 | 10.61 | 6.84 | 4.1 | 1.9 | 4.95 | 4.68 | 4.31 |
| ROCE(%) | 27.89 | 20.41 | 18.26 | 19.54 | 14.54 | 9.5 | 4.98 | 2.21 | 6.58 | 5.55 | 5.29 |
| Receivable days | 38.9 | 44.95 | 45.13 | 49.6 | 48.53 | 48.03 | 56.58 | 63.17 | 53.51 | 58.64 | 51.28 |
| Inventory Days | 11.86 | 14.48 | 14.34 | 14.13 | 15.69 | 21.7 | 27.05 | 27.68 | 21.5 | 22.76 | 21.91 |
| Payable days | 48.31 | 47.93 | 45.69 | 50.31 | 47.93 | 47 | 50.88 | 53.38 | 45.78 | 49.02 | 44.3 |
| PER(x) | 9.29 | 10.69 | 14.14 | 10.55 | 10.59 | 5.62 | 21.15 | 32.24 | 10.64 | 21.22 | 15.13 |
| Price/Book(x) | 1.71 | 1.44 | 1.67 | 1.44 | 1.09 | 0.38 | 0.86 | 0.61 | 0.52 | 0.98 | 0.65 |
| Dividend Yield(%) | 2.28 | 2.45 | 1.86 | 2.2 | 2.71 | 7.53 | 3.25 | 4.59 | 5.3 | 2.76 | 4.12 |
| EV/Net Sales(x) | 0.43 | 0.43 | 0.58 | 0.5 | 0.37 | 0.18 | 0.5 | 0.35 | 0.27 | 0.54 | 0.33 |
| EV/Core EBITDA(x) | 5.19 | 5.55 | 7.27 | 5.96 | 5.55 | 2.96 | 11.29 | 14.06 | 6.58 | 12.67 | 8.65 |
| Net Sales Growth(%) | 2.82 | -8.59 | -2.81 | 8.34 | 5.56 | -22.83 | -15.75 | -2.34 | 17.04 | -5.47 | 6.63 |
| EBIT Growth(%) | 28.75 | -17.57 | 0.05 | 19.89 | -18.81 | -31.23 | -46.21 | -55.44 | 199.77 | -13.9 | -3 |
| PAT Growth(%) | 8.5 | -19.14 | -0.72 | 27.67 | -19.25 | -32.04 | -38.55 | -53.52 | 162.57 | -3.56 | -6.16 |
| EPS Growth(%) | 8.5 | -19.14 | -0.72 | 27.67 | -19.25 | -32.04 | -38.55 | -53.52 | 162.58 | -3.56 | -6.16 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 1.89 | 2.45 | 2.78 | 2.62 | 3.02 | 4.29 | 3.68 | 3.76 | 3.76 | 4.15 | 4.25 |
| Quick Ratio(x) | 1.58 | 2.02 | 2.39 | 2.33 | 2.57 | 3.67 | 3.09 | 3.23 | 3.27 | 3.61 | 3.71 |
| Interest Cover(x) | 172.61 | 308.51 | 390.53 | 335.93 | 302.21 | 103.47 | 103.09 | 51.81 | 186.03 | 160.66 | 138.47 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.02 | 65.02 | 65.02 | 65.02 | 65.02 | 65.02 | 65.02 | 65.02 | 65.02 | 65.02 |
| FII | 1.27 | 1.27 | 1.55 | 1.83 | 1.8 | 2.2 | 1.51 | 1.38 | 0.17 | 0.09 |
| DII | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 33.68 | 33.7 | 33.43 | 33.15 | 33.17 | 32.77 | 33.47 | 33.6 | 34.81 | 34.88 |
| 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 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 |
| FII | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.09 | 0.06 | 0.06 | 0.01 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.35 | 1.35 | 1.34 | 1.33 | 1.33 | 1.31 | 1.34 | 1.34 | 1.39 | 1.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
* The pros and cons are machine generated.
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