Menon Pistons Ltd

Menon Pistons Ltd

₹ 73.2 -1.73%
23 Dec - close price
About

Incorporated in 1971, Menon Pistons Ltd manufactures Pistons & Pins for Diesel Engines, Cars, LCVs / HCVs[1]

Key Points

Business Overview:[1]
MPL is a manufacturer and supplier of high-precision piston assemblies and engineering components. Company manufactures Aluminium alloy pistons, forged steel pistons, and piston pins for passenger cars, heavy and light
commercial vehicles, and heavy-duty diesel engines for power generation, earthmovers, compressors, etc.

  • Market Cap 373 Cr.
  • Current Price 73.2
  • High / Low 126 / 69.0
  • Stock P/E 14.7
  • Book Value 28.9
  • Dividend Yield 1.37 %
  • ROCE 25.2 %
  • ROE 20.6 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 20.5%

Cons

* 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
52.20 55.17 56.38 59.22 65.63 63.84 62.77 72.35 64.40 59.22 60.74 69.40 65.39
43.91 45.78 47.39 48.86 54.57 52.37 51.66 59.12 52.33 49.22 49.47 56.20 53.49
Operating Profit 8.29 9.39 8.99 10.36 11.06 11.47 11.11 13.23 12.07 10.00 11.27 13.20 11.90
OPM % 15.88% 17.02% 15.95% 17.49% 16.85% 17.97% 17.70% 18.29% 18.74% 16.89% 18.55% 19.02% 18.20%
0.05 0.11 0.17 0.08 0.25 3.32 0.40 0.11 0.36 0.08 0.20 0.15 0.35
Interest 0.37 0.46 0.43 0.71 0.92 0.77 0.52 0.85 0.56 0.56 1.22 1.11 0.91
Depreciation 1.54 2.02 1.95 1.69 1.98 2.60 3.05 2.15 2.43 2.42 2.56 2.80 2.28
Profit before tax 6.43 7.02 6.78 8.04 8.41 11.42 7.94 10.34 9.44 7.10 7.69 9.44 9.06
Tax % 25.04% 25.21% 39.82% 25.12% 25.92% 41.16% 31.11% 25.15% 24.58% 38.59% 5.98% 25.21% 25.94%
4.82 5.25 4.08 6.01 6.24 6.71 5.47 7.74 7.12 4.35 7.24 7.07 6.71
EPS in Rs 0.95 1.03 0.80 1.18 1.22 1.32 1.07 1.52 1.40 0.85 1.42 1.39 1.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
212 251 256 255
178 207 210 208
Operating Profit 35 44 45 46
OPM % 16% 17% 18% 18%
0 4 1 1
Interest 1 3 2 4
Depreciation 7 10 10 10
Profit before tax 26 35 35 33
Tax % 29% 34% 23%
19 23 26 25
EPS in Rs 3.69 4.58 5.19 4.98
Dividend Payout % 20% 22% 19%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 1%
Stock Price CAGR
10 Years: 19%
5 Years: 37%
3 Years: 19%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5
Reserves 92 113 134 142
30 12 21 16
31 45 43 39
Total Liabilities 158 174 202 202
50 62 90 89
CWIP 1 0 0 0
Investments 0 0 0 0
107 112 112 113
Total Assets 158 174 202 202

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
1 49 22
-26 -24 -22
13 -25 2
Net Cash Flow -12 -1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 102 80 94
Inventory Days 110 88 94
Days Payable 83 54 74
Cash Conversion Cycle 129 114 114
Working Capital Days 110 70 89
ROCE % 27% 25%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37%
0.06% 0.06% 0.06% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
0.42% 0.42% 0.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.16% 25.16% 25.16% 25.58% 25.59% 25.60% 25.61% 25.60% 25.60% 25.59% 25.59% 25.61%
No. of Shareholders 13,22216,66016,53717,94216,85616,34615,78620,84222,36632,59031,41330,510

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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