Munjal Auto Industries Ltd
Incorporated in 1985, Munjal Auto Industries Ltd manufactures and sells auto components and designs, develops, tests, and produces various composite molds and products for different industries.[1]
- Market Cap ₹ 898 Cr.
- Current Price ₹ 89.8
- High / Low ₹ 115 / 50.5
- Stock P/E 22.7
- Book Value ₹ 41.0
- Dividend Yield 2.23 %
- ROCE 15.1 %
- ROE 9.83 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 43.0%
- Debtor days have improved from 68.3 to 54.0 days.
Cons
- The company has delivered a poor sales growth of 2.89% over past five years.
- Company has a low return on equity of 8.41% over last 3 years.
- Earnings include an other income of Rs.37.3 Cr.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
717 | 816 | 888 | 885 | 850 | 1,033 | 1,147 | 1,140 | 1,982 | 1,707 | 1,581 | 1,322 | |
663 | 753 | 819 | 839 | 788 | 961 | 1,084 | 1,111 | 1,927 | 1,660 | 1,525 | 1,274 | |
Operating Profit | 54 | 64 | 69 | 46 | 62 | 73 | 63 | 28 | 55 | 47 | 56 | 48 |
OPM % | 8% | 8% | 8% | 5% | 7% | 7% | 5% | 2% | 3% | 3% | 4% | 4% |
6 | 4 | 4 | 3 | 5 | 4 | 2 | 9 | 9 | 9 | 61 | 37 | |
Interest | 7 | 6 | 9 | 8 | 6 | 4 | 4 | 8 | 9 | 5 | 4 | 3 |
Depreciation | 11 | 12 | 15 | 17 | 17 | 18 | 19 | 22 | 22 | 21 | 20 | 20 |
Profit before tax | 42 | 49 | 49 | 25 | 44 | 54 | 43 | 7 | 33 | 30 | 92 | 62 |
Tax % | 5% | 4% | 23% | 19% | 22% | 24% | 22% | 28% | 36% | 31% | 29% | 37% |
39 | 48 | 38 | 20 | 35 | 42 | 33 | 5 | 21 | 21 | 66 | 39 | |
EPS in Rs | 3.95 | 4.77 | 3.80 | 2.01 | 3.46 | 4.16 | 3.32 | 0.49 | 2.10 | 2.08 | 6.57 | 3.95 |
Dividend Payout % | 25% | 26% | 33% | 35% | 29% | 29% | 30% | -0% | -0% | 48% | 30% | 51% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 3% |
3 Years: | -13% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | 3% |
3 Years: | 23% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 17% |
3 Years: | 10% |
1 Year: | 57% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 8% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Reserves | 143 | 176 | 197 | 209 | 243 | 263 | 281 | 274 | 295 | 316 | 373 | 390 |
66 | 82 | 80 | 69 | 44 | 29 | 33 | 90 | 79 | 57 | 43 | 24 | |
105 | 131 | 131 | 126 | 131 | 170 | 185 | 311 | 348 | 379 | 343 | 261 | |
Total Liabilities | 323 | 399 | 418 | 414 | 428 | 482 | 520 | 695 | 742 | 772 | 778 | 695 |
127 | 132 | 175 | 176 | 181 | 175 | 206 | 282 | 251 | 225 | 214 | 212 | |
CWIP | 6 | 42 | 22 | 14 | 2 | 1 | 4 | 2 | 1 | 1 | 8 | 9 |
Investments | 61 | 45 | 27 | 22 | 48 | 63 | 37 | 49 | 56 | 148 | 135 | 201 |
130 | 181 | 195 | 202 | 197 | 243 | 272 | 363 | 434 | 399 | 421 | 274 | |
Total Assets | 323 | 399 | 418 | 414 | 428 | 482 | 520 | 695 | 742 | 772 | 778 | 695 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
44 | 39 | 35 | 44 | 64 | 68 | 35 | 35 | 35 | 100 | -20 | 92 | |
-19 | -34 | -18 | -2 | -34 | -22 | -23 | -67 | -6 | -84 | 59 | -52 | |
-20 | -1 | -25 | -42 | -31 | -32 | -14 | 35 | -29 | -29 | -33 | -42 | |
Net Cash Flow | 6 | 4 | -7 | -0 | -1 | 14 | -1 | 2 | -0 | -13 | 6 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 37 | 46 | 45 | 53 | 57 | 56 | 46 | 82 | 62 | 70 | 80 | 54 |
Inventory Days | 17 | 17 | 22 | 15 | 14 | 13 | 25 | 26 | 12 | 10 | 12 | 16 |
Days Payable | 47 | 51 | 47 | 50 | 59 | 62 | 55 | 104 | 49 | 44 | 63 | 43 |
Cash Conversion Cycle | 7 | 12 | 20 | 18 | 12 | 6 | 16 | 4 | 25 | 36 | 29 | 27 |
Working Capital Days | -4 | 0 | 10 | 16 | 11 | 5 | 7 | 12 | 12 | 4 | 18 | 56 |
ROCE % | 24% | 22% | 21% | 11% | 17% | 19% | 15% | 4% | 11% | 9% | 12% |
Documents
Announcements
- Closure of Trading Window 27 Jun
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 12 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Secretarial Compliance Report for the year ended March 31, 2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 May - Publication of financial result for the quarter and year ended March 31, 2024, in newspaper
- Board Has Decided To Close Its Register Of Members & Share Transfer Books From Friday, September 20, 2024, To Thursday, September 26, 2024, (Both Days Inclusive) For Purpose Of 39Th AGM And Determining Entitlement Of The Members Of The Final Dividend 24 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Business Overview:[1]
MAIL, part of the Hero Group, is predominantly owned by the Satyanand Munjal family with a 75% equity stake. The company manufactures sheet metal, composites, molds, components, and assemblies for various industries, including automotive, renewable energy, aerospace, defense, space, railways, and other engineering sectors. Key automotive products include exhaust mufflers, fuel tanks, rims, and BIW parts for two and four-wheelers. In the renewable sector, MAIL produces windmill blades, molds, and other wind energy components.