Menon Bearings Ltd
Menon Bearings Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Menon Bearings aims to grow sales at a rate of 18% to 20% year-on-year. - Expected turnover for FY26 is between INR 280 crores to INR 290 crores. - For FY27, revenue growth of 18% to 20% is also anticipated. - Order book stands at INR 290 crores for FY26 and INR 350 crores for FY27. - Export sales projected to increase from 30% to 35% by end of FY26 and reach 35%-40% by FY27, driven by strong U.S. Menon Bearings aims to grow at a rate of 18% to 20% year-on-year.
From Menon Bearings Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Menon Bearings aims to grow sales at a rate of 18% to 20% year-on-year.
- Expected turnover for FY26 is between INR 280 crores to INR 290 crores.
- For FY27, revenue growth of 18% to 20% is also anticipated.
- Order book stands at INR 290 crores for FY26 and INR 350 crores for FY27.
- Export sales projected to increase from 30% to 35% by end of FY26 and reach 35%-40% by FY27, driven by strong U.S. and emerging African markets.
- New business with Allison USA started in September 2025, expected to contribute around INR 30 crores annually.
- Brakes business ramping up, targeting 3-4 lakh pieces/month (Bajaj plus new African customers from December).
- Operations at 70%-75% capacity utilization, with additional capacities coming online in H2 FY26.
- Sustainable, profitable growth targeted with minimal new CapEx till mid-2028.
Profitability & Margins
See what Menon Bearings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Completed around INR 30 crore CapEx over the last two years across Bearings, Brakes, and Alkop divisions.
- Current CapEx for FY26 is minimal; only part-specific machinery purchased as per order requirements.
- Capacity expansions planned: Bearings capacity from 1,440 to 2,880 metric tonnes, Brake division scaling from 18 to 24 lakh pieces over next two years with total planned CapEx of INR 25-30 crore.
- Strategic investment in a 570 KW solar power system and ongoing installation of rooftop solar panels with 2.5 MW capacity, expected completion within a few months.
- Solar investment (~INR 10-11 crore) will save approximately INR 2 crore annually and help meet carbon footprint goals for customers.
- Focus on advanced tooling for operational efficiency and long-term cost savings.
- No significant additional CapEx anticipated until 2027 H2 or early 2028.
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Menon Bearings Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book for FY26 is approximately INR 290 crores.
- Order book forecast for FY27 is around INR 350 crores.
- Confirmed orders include a business worth INR 55 crores involving domestic and export clients such as John Deere, Escorts (now part of Kubota), Peacock project, and TMTL’s international tractors.
- Additional potential orders with a US customer for aftermarket bearings with sample development exceeding 800 units, valued around INR 80 crores annually, though initial volume expected at INR 8-10 crores/year.
- New export inquiries from African customers with INR 50 lakhs per month business planned initially, expected to grow gradually.
- Several sample tests and audits ongoing with prospective new customers targeting productionization by Q4 FY26, especially for Alkop parts related to John Deere and others.
- Focus remains on high-margin, high-value orders with selective customer additions.
Menon Bearings Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹87 Cr, net profit ₹14 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Menon Bearings Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Menon Bearings Ltd Q2 FY26 results?
Menon Bearings aims to grow sales at a rate of 18% to 20% year-on-year. - Expected turnover for FY26 is between INR 280 crores to INR 290 crores. - For FY27, revenue growth of 18% to 20% is also anticipated. - Order book stands at INR 290 crores for FY26 and INR 350 crores for FY27. - Export sales projected to increase from 30% to 35% by end of FY26 and reach 35%-40% by FY27, driven by strong U.S. Menon Bearings aims to grow at a rate of 18% to 20% year-on-year.
What is Menon Bearings Ltd share price analysis?
Menon Bearings Ltd currently shows a neutral. The stock trades at a P/E of 29.3 with a market cap of ₹1,287 Cr. Investors should review the full earnings analysis for detailed insights.
Is Menon Bearings Ltd planning capital expenditure?
Completed around INR 30 crore CapEx over the last two years across Bearings, Brakes, and Alkop divisions.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.