Menon Pistons Ltd.

•

menonindia.inBSE: 531727NSE: MENNPIS

Market Cap₹ 400 Cr.

Current Price

High / Low₹ 86 / 52

Stock P/E15.4

Book Value₹ 36

Price to Book1.34

Dividend Yield1.27 %

ROCE21.4 %

ROE15.3 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Pistons: 43.9% • Pistons Assemblies: 21.5% • Pins: 10.3%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 23.3%
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.50x)
Working capital cycle has improved - days down from 93 to 65
Company comfortably covers its interest (10.6x coverage)

CONS

Valuation is stretched - P/E of 15.4 is well above its own 5-year median (9.9)
Expensive relative to growth - PEG of 5.0

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MOTHERSON	164.30	39.59	173409.49	0.37	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48388.75	60.40	142727.94	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1202.40	57.75	69434.66	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2607.25	83.21	50469.14	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	788.95	70.76	49240.61	0.43	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2696.75	39.11	37933.25	0.43	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11663.75	65.61	30505.88	0.10	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2548.90	58.10	29007.88	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4130.20	73.97	25773.92	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.30	38.37	24072.93	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1345.45	80.11	23845.41	0.37	1081.26	925.35	14256.83	1055.00	26.37	11.71
12.	MENNPIS	78.50	15.37	400.35	1.27	8.23	5.99	83.26	3.70	21.41	17.30

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72	65	59	61	69	65	63	56	80	75	76	73	83
	59	52	49	49	56	54	53	46	67	62	64	65	73
Operating Profit	13	13	10	11	13	12	10	9	14	13	13	8	10
OPM %	18.27%	19.36%	16.89%	18.54%	19.02%	18.18%	16.57%	16.64%	16.84%	16.89%	16.49%	11.34%	12.42%
	0	0	0	0	0	0	1	0	1	1	0	1	1
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	2	2	2	3	3	2	3	3	3	3	3	3	3
Profit before Tax	10	9	7	8	9	9	8	6	10	10	9	5	11
Tax %	25.15%	24.58%	38.59%	5.98%	25.19%	25.94%	24.42%	24.20%	25.67%	27.23%	29.22%	18.11%	24.41%
Net Profit	0	0	0	0	7	7	6	4	8	7	6	4	8
	1.52	1.40	0.85	1.42	1.39	1.31	1.14	0.83	1.52	1.36	1.26	0.87	1.61

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	212	251	258	254	304	307
	178	207	210	209	257	263
Operating Profit	35	44	47	45	47	44
OPM %	16.24%	17.38%	18.43%	17.70%	15.44%	14.26%
	0	4	1	2	3	3
Interest	1	3	4	4	4	3
Depreciation	7	10	10	11	12	12
Profit before Tax	26	35	35	32	34	35
Tax %	28.91%	33.67%	23.49%	25.05%	25.81%	25.45%
Net Profit	19	23	26	24	26	26
EPS	3.69	4.58	5.19	4.68	5.02	—
Dividend Payout %	20.35%	21.85%	19.28%	21.39%	19.94%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 3%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: 19%
3 Years:: 17%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	5	5
	92	113	134	152	173
	23	12	20	14	5
Trade Payables	21	17	22	28	31
	18	28	20	15	16
Total Liabilities	158	174	202	214	230
	50	62	90	91	114
Capital Work in Progress	1	0	0	0	4
	28	27	28	36	38
	0	0	66	55	45
Cash & Bank	2	6	3	10	9
	78	79	15	22	19
Total Assets	158	174	202	214	230

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9	60	24	39	51
Cash from Investing	-26	-24	-22	-25	-30
Cash from Financing	13	-25	-0	-14	-21
	-12	-1	2	0	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.37	74.37	74.37	74.37	74.37	74.37	74.37	74.37	74.37
	0.04	0.04	0.04	0.03	0.03	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.59	25.60	25.60	25.60	25.60	25.63	25.63	25.63	25.60

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for MENNPIS

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AI Stock Analyst

Menon Pistons Ltd.

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Name

MOTHERSON

164.30

39.59

173409.49

0.37

1075.66

77.48

35243.77

17.70

13.63

8.86

BOSCHLTD

48388.75

60.40

142727.94

0.56

706.10

-36.74

5841.90

22.00

25.60

14.08

UNOMINDA

1202.40

57.75

69434.66

0.22

315.51

2.10

5556.85

23.79

20.74

11.14

TIINDIA

2607.25

83.21

50469.14

0.13

293.96

-3.04

6215.33

20.20

27.33

8.81

SONACOMS

788.95

70.76

49240.61

0.43

178.51

46.67

1301.20

52.38

14.75

22.55

ENDURANCE

2696.75

39.11

37933.25

0.43

244.52

8.03

4314.89

30.01

18.33

12.42

CRAFTSMAN

11663.75

65.61

30505.88

0.10

150.55

116.31

2431.58

36.30

14.65

15.81

ZFCVINDIA

2548.90

58.10

29007.88

0.03

1044.78

753.75

10661.76

992.89

20.23

12.93

SANSERA

4130.20

73.97

25773.92

0.10

87.36

38.71

1021.26

33.27

14.29

19.18

MSUMI

36.30

38.37

24072.93

1.60

1453.20

915.51

34072.60

1273.43

43.72

7.58

GABRIEL

1345.45

80.11

23845.41

0.37

1081.26

925.35

14256.83

1055.00

26.37

11.71

MENNPIS

78.50

15.37

400.35

1.27

8.23

5.99

83.26

3.70

21.41

17.30

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

OPM %

18.27%

19.36%

16.89%

18.54%

19.02%

18.18%

16.57%

16.64%

16.84%

16.89%

16.49%

11.34%

12.42%

Interest

Depreciation

Profit before Tax

Tax %

25.15%

24.58%

38.59%

5.98%

25.19%

25.94%

24.42%

24.20%

25.67%

27.23%

29.22%

18.11%

24.41%

Net Profit

1.52

1.40

0.85

1.42

1.39

1.31

1.14

0.83

1.52

1.36

1.26

0.87

1.61

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

212

251

258

254

304

307

178

207

210

209

257

263

Operating Profit

OPM %

16.24%

17.38%

18.43%

17.70%

15.44%

14.26%

Interest

Depreciation

Profit before Tax

Tax %

28.91%

33.67%

23.49%

25.05%

25.81%

25.45%

Net Profit

EPS

3.69

4.58

5.19

4.68

5.02

—

Dividend Payout %

20.35%

21.85%

19.28%

21.39%

19.94%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

113

134

152

173

Trade Payables

Total Liabilities

158

174

202

214

230

114

Capital Work in Progress

Cash & Bank

Total Assets

158

174

202

214

230

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-26

-24

-22

-25

-30

Cash from Financing

-25

-0

-14

-21

-12

-1

-0

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.37

0.04

0.03

0.00

0.03

Government

0.00

25.59

25.60

25.63

25.60

Menon Pistons Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Menon Pistons Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI