Munjal Auto Industries Ltd

Munjal Auto Inds Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Munjal Auto Industries Ltd

₹ 103 1.50%
22 Nov - close price
munjalauto.com BSE: 520059 NSE: MUNJALAU
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 1,027 Cr.
  • Current Price ₹ 103
  • High / Low ₹ 146 / 71.1
  • Stock P/E 21.2
  • Book Value ₹ 41.9
  • Dividend Yield 1.95 %
  • ROCE 15.0 %
  • ROE 9.81 %
  • Face Value ₹ 2.00
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Pros

  • 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 8.40% over last 3 years.
  • Earnings include an other income of Rs.43.6 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
589 417 317 409 444 386 342 370 397 276 278 318 330
579 402 303 394 429 373 329 361 382 264 267 310 319
Operating Profit 10 15 15 14 16 13 13 9 15 12 12 8 11
OPM % 2% 4% 5% 4% 3% 3% 4% 2% 4% 4% 4% 2% 3%
2 3 3 51 4 4 3 11 8 10 8 13 12
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 5
Profit before tax 6 12 11 59 13 10 10 14 17 17 14 16 17
Tax % 37% 37% 23% 22% 39% 48% 34% 35% 33% 33% 46% 8% 9%
4 7 8 46 8 5 6 9 11 11 8 14 15
EPS in Rs 0.35 0.73 0.84 4.58 0.81 0.54 0.65 0.90 1.15 1.13 0.77 1.43 1.51
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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 TTM
717 816 888 885 850 1,033 1,147 1,140 1,982 1,707 1,581 1,322 1,203
663 753 819 839 788 961 1,084 1,111 1,927 1,660 1,525 1,274 1,160
Operating Profit 54 64 69 46 62 73 63 28 55 47 56 48 43
OPM % 8% 8% 8% 5% 7% 7% 5% 2% 3% 3% 4% 4% 4%
6 4 4 3 5 4 2 9 9 9 61 37 44
Interest 7 6 9 8 6 4 4 8 9 5 4 3 3
Depreciation 11 12 15 17 17 18 19 22 22 21 20 20 20
Profit before tax 42 49 49 25 44 54 43 7 33 30 92 62 63
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 48
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 4.84
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: -20%
Compounded Profit Growth
10 Years: -2%
5 Years: 3%
3 Years: 23%
TTM: 50%
Stock Price CAGR
10 Years: 6%
5 Years: 18%
3 Years: 23%
1 Year: 26%
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 Sep 2024
Equity Capital 10 10 10 10 10 20 20 20 20 20 20 20 20
Reserves 143 176 197 209 243 263 281 274 295 316 373 390 399
66 82 80 69 44 29 33 90 79 57 43 24 44
105 131 131 126 131 170 185 311 348 379 343 261 283
Total Liabilities 323 399 418 414 428 482 520 695 742 772 778 695 746
127 132 175 176 181 175 206 282 251 225 214 212 231
CWIP 6 42 22 14 2 1 4 2 1 1 8 9 7
Investments 61 45 27 22 48 63 37 49 56 148 135 201 170
130 181 195 202 197 243 272 363 434 399 421 274 337
Total Assets 323 399 418 414 428 482 520 695 742 772 778 695 746

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 9
ROCE % 24% 22% 21% 11% 17% 19% 15% 4% 11% 9% 12% 15%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81% 74.81%
0.01% 0.07% 0.00% 0.02% 0.08% 0.00% 0.05% 0.00% 0.02% 0.00% 0.01% 0.03%
0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
25.16% 25.10% 25.17% 25.15% 25.07% 25.17% 25.12% 25.16% 25.16% 25.16% 25.15% 25.13%
No. of Shareholders 40,56940,22140,40140,39639,33539,34938,91938,21140,13044,28645,33250,878

* 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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