Munjal Auto Industries Ltd.
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ABOUT
AI Sector View
AI GENERATEDAutomobile and Auto Components
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.
PROS
- Latest quarter profit grew 139.8% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.00x)
- Company has been maintaining a healthy dividend payout of 36.3%
- Company comfortably covers its interest (8.2x coverage)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- A large part of profit comes from other income (73.6% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of 7.9% over last 3 years
- Company has a low return on capital employed of 10.9%
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSON | 163.80 | 39.47 | 172881.77 | 0.37 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| BOSCHLTD | 48900.00 | 61.03 | 144235.93 | 0.55 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| UNOMINDA | 1230.45 | 59.10 | 71054.45 | 0.22 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| TIINDIA | 2685.25 | 85.70 | 51979.01 | 0.13 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| SONACOMS | 800.45 | 71.79 | 49958.36 | 0.42 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| ENDURANCE | 2754.35 | 39.95 | 38743.47 | 0.42 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| CRAFTSMAN | 11855.90 | 66.69 | 31008.43 | 0.09 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| ZFCVINDIA | 2471.00 | 56.33 | 28121.34 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| SANSERA | 4133.05 | 74.02 | 25791.71 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 14.29 | 19.18 |
| MSUMI | 36.71 | 38.80 | 24344.83 | 1.58 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| GABRIEL | 1361.00 | 81.04 | 24121.01 | 0.37 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| MUNJALAU | 109.75 | 21.86 | 1097.50 | 0.91 | 28.50 | 47.57 | 699.01 | 42.36 | 16.02 | 6.30 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 370 | 397 | 276 | 278 | 318 | 330 | 310 | 312 | 297 | 374 | 386 | 381 | 415 | |
| 361 | 382 | 264 | 267 | 310 | 319 | 304 | 303 | 294 | 375 | 370 | 376 | 411 | |
| Operating Profit | 9 | 15 | 12 | 12 | 8 | 11 | 5 | 9 | 3 | -1 | 16 | 5 | 5 |
| OPM % | 2.41% | 3.87% | 4.38% | 4.17% | 2.47% | 3.39% | 1.72% | 2.90% | 0.99% | -0.22% | 4.07% | 1.37% | 1.16% |
| 11 | 8 | 10 | 8 | 13 | 12 | 3 | 3 | 13 | 11 | 5 | 5 | 19 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 5 | 5 |
| Profit before Tax | 14 | 17 | 17 | 14 | 16 | 17 | 2 | 5 | 9 | 4 | 14 | 5 | 24 |
| Tax % | 34.66% | 33.45% | 32.58% | 46.31% | 7.55% | 9.54% | 265.03% | 25.19% | 11.33% | -71.54% | 23.38% | 61.41% | 15.53% |
| Net Profit | 9 | 11 | 11 | 8 | 14 | 15 | -3 | 4 | 8 | 6 | 11 | 2 | 20 |
| 0.90 | 1.15 | 1.13 | 0.77 | 1.43 | 1.51 | -0.27 | 0.40 | 0.84 | 0.63 | 1.10 | 0.19 | 2.01 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 850 | 1,033 | 1,147 | 1,140 | 1,982 | 1,707 | 1,581 | 1,322 | 1,271 | 1,439 | 1,557 | |
| 789 | 961 | 1,086 | 1,111 | 1,928 | 1,660 | 1,525 | 1,274 | 1,226 | 1,404 | 1,532 | |
| Operating Profit | 61 | 73 | 61 | 28 | 54 | 47 | 56 | 48 | 44 | 34 | 25 |
| OPM % | 7.19% | 7.02% | 5.36% | 2.48% | 2.74% | 2.73% | 3.56% | 3.63% | 3.48% | 2.37% | 1.60% |
| 6 | 4 | 4 | 9 | 10 | 9 | 61 | 37 | 20 | 22 | 40 | |
| Interest | 6 | 4 | 4 | 8 | 9 | 5 | 4 | 3 | 4 | 5 | 5 |
| Depreciation | 17 | 18 | 19 | 22 | 22 | 21 | 20 | 20 | 21 | 20 | 19 |
| Profit before Tax | 44 | 54 | 43 | 7 | 33 | 30 | 92 | 62 | 39 | 32 | 47 |
| Tax % | 21.63% | 23.56% | 22.37% | 27.95% | 35.79% | 30.75% | 28.78% | 36.58% | 21.49% | 14.66% | 15.79% |
| Net Profit | 35 | 42 | 33 | 5 | 21 | 21 | 66 | 39 | 31 | 28 | 39 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 2.10 | 2.08 | 6.57 | 3.95 | 3.07 | 2.75 | — |
| Dividend Payout % | 28.94% | 28.85% | 30.07% | 0.00% | 0.00% | 48.07% | 30.43% | 50.67% | 32.57% | 36.30% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- -6%
- 3 Years:
- -3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 3%
- 5 Years:
- 6%
- 3 Years:
- -25%
STOCK PRICE CAGR
- 10 Years:
- 9%
- 5 Years:
- 14%
- 3 Years:
- 22%
- 1 Year:
- 17%
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 10%
- 3 Years:
- 8%
- Last Year:
- 6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| 243 | 263 | 281 | 274 | 295 | 316 | 373 | 390 | 399 | 417 | |
| 29 | 16 | 23 | 89 | 64 | 105 | 41 | 14 | 42 | 42 | |
| Trade Payables | 103 | 136 | 135 | 260 | 237 | 182 | 232 | 126 | 134 | 205 |
| 28 | 35 | 47 | 40 | 120 | 147 | 113 | 145 | 84 | 93 | |
| Total Liabilities | 414 | 469 | 507 | 683 | 736 | 770 | 778 | 695 | 679 | 777 |
| 181 | 175 | 191 | 256 | 225 | 200 | 190 | 188 | 210 | 210 | |
| Capital Work in Progress | 2 | 1 | 4 | 2 | 1 | 1 | 8 | 9 | 18 | 7 |
| 48 | 63 | 37 | 75 | 83 | 148 | 135 | 201 | 159 | 146 | |
| 24 | 27 | 60 | 64 | 56 | 41 | 44 | 46 | 56 | 71 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196 | 192 | 268 | |
| Cash & Bank | 2 | 16 | 15 | 17 | 16 | 3 | 9 | 6 | 7 | 13 |
| 157 | 188 | 200 | 269 | 355 | 377 | 394 | 50 | 37 | 63 | |
| Total Assets | 414 | 469 | 507 | 683 | 736 | 770 | 778 | 695 | 679 | 777 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 72 | 79 | 44 | 39 | 40 | 106 | -5 | 92 | -19 | 24 | |
| Cash from Investing | -34 | -22 | -23 | -67 | -6 | -84 | 59 | -52 | 14 | -7 |
| Cash from Financing | -31 | -32 | -14 | 35 | -29 | -29 | -33 | -42 | 5 | -11 |
| -1 | 14 | -1 | 2 | -0 | -13 | 6 | -3 | 1 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-01 - Munjal Auto Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-31 - Munjal Auto Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026
2026-08-14 - Munjal Auto Industries Limited has informed the Exchange regarding 'Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015'.eneral updates
2026-08-13 - Munjal Auto Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 20-Aug-2026.
2026-08-13 - Munjal Auto Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Munjal Auto Industries Limited has informed the Exchange regarding 'Munjal auto Industries limited has informed the exchange regarding unaudited financial result' for the quarter ended June 30,2026.
2026-08-12 - Munjal Auto Industries Limited has submitted to the Exchange, the financial results unaudited standalone and consolidated for the quarter ended Jun 30, 2026.
2026-08-08 - Munjal Auto Industries Limited has informed the Exchange about Copy of Newspaper Publication inter alia to inform 41st Annual General Meeting and Book Closure
2026-08-07 - Munjal Auto Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 31, 2026
News
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