Menon Bearings Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,410 Cr
- P/E
- 32.11
- ROE
- 22.26%
- PEG
- 5.89
- Price to sales
- 4.42
- Debt to equity
- 0.25
- 52W high / low
- ₹321 / ₹103
- EBITDA margin
- 20.73%
- Net profit margin
- 12.78%
- Promoter holding
- 66.65%
- Sales (last year)
- ₹318 Cr
Incorporated in 1991, Menon Bearings Ltd manufactures & exports Auto Components[1]
Guidance scorecard · Q2 FY27 call
What Menon Bearings Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
20–40%- Menon Bearings targets a conservative revenue guidance of INR360 crore for FY27, with internal ambitions to achieve INR500 crore by 2030, potentially sooner.
- The company anticipates a year-on-year growth rate of over 20%, possibly reaching 25%, driven by exports and domestic market expansion.
- Additional business worth approximately INR60-75 crore is expected from the current and next financial year, supported by a strong RFQ pipeline and approvals.
- Capacity expansions, particularly in the bi-metal segment, with 25-30% planned increase, support incremental revenue growth.
- Existing infrastructure investments mean no major capacity investments are required for the next 2-3 years; only modular expansions will support volume increases.
2 more points from Menon Bearings Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Menon Bearings Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company has already invested significantly in infrastructure and capacity over the past couple of years.
- Future CapEx will primarily focus on modular investments, mainly adding machining capacity, not large capacity expansions.
- Additional CapEx is expected to have an asset turn of around 2.5.
- For the bi-metal division, an investment of about INR 9-10 crores is planned this financial year to increase capacity by 25-30%, potentially generating over INR 25 crores in revenue.
- Current infrastructure is sufficient to support growth up to INR 500 crore revenue for the next 2-3 years without major new land acquisition.
2 more points from Menon Bearings Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Menon Bearings Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The company has an RFQ (Request For Quotation) list worth approximately INR 75 crores under various stages of discussion and approval, with a high conversion target of 75% to 80%.
- They expect to convert these RFQs into around INR 60 crores of additional business domestically over the next year.
- Around 60% of the current order book is export-driven, with the remaining 40-45% from domestic customers across diverse applications like compressors, AC, industrial fridge, generators, and tractors.
2 more points from Menon Bearings Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Menon Bearings Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Menon Bearings Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 54 | 56 | 51 | 51 | 54 | 58 | 59 | 58 | 64 | 67 | 63 | 77 | 87 |
| Expenses + | 40 | 43 | 41 | 42 | 44 | 47 | 48 | 49 | 54 | 54 | 53 | 62 | 66 |
| Operating Profit | 14 | 12 | 10 | 10 | 10 | 11 | 12 | 10 | 10 | 13 | 10 | 14 | 22 |
| OPM % | 25% | 22% | 20% | 18% | 19% | 18% | 19% | 17% | 16% | 19% | 16% | 19% | 25% |
| Other Income + | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 11 | 10 | 8 | 7 | 8 | 8 | 9 | 7 | 9 | 11 | 9 | 12 | 18 |
| Tax % | 19% | 26% | 26% | 25% | 30% | 25% | 25% | 25% | 29% | 24% | 21% | 25% | 24% |
| Net Profit + | 9 | 7 | 6 | 5 | 6 | 6 | 7 | 5 | 7 | 8 | 7 | 9 | 14 |
| EPS in Rs | 1.62 | 1.29 | 1.07 | 0.98 | 1.00 | 1.10 | 1.20 | 0.98 | 1.18 | 1.50 | 1.21 | 1.65 | 2.46 |
Financials of Menon Bearings Ltd
Profit & Loss
Annual income statement trend
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 25 | 33 | 39 | 219 | 213 | 243 | 294 |
| Expenses + | 20 | 26 | 32 | 166 | 169 | 197 | 235 |
| Operating Profit | 5 | 6 | 7 | 53 | 43 | 45 | 59 |
| OPM % | 21% | 19% | 19% | 24% | 20% | 19% | 20% |
| Other Income + | 1 | 1 | 1 | 0 | 2 | 1 | 6 |
| Interest | 1 | 2 | 3 | 3 | 3 | 4 | 5 |
| Depreciation | 2 | 2 | 2 | 8 | 9 | 9 | 10 |
| Profit before tax | 3 | 3 | 4 | 42 | 33 | 34 | 50 |
| Tax % | 56% | 58% | 46% | 23% | 26% | 26% | 24% |
| Net Profit + | 1 | 1 | 2 | 33 | 24 | 25 | 38 |
| EPS in Rs | 0.25 | 0.19 | 0.35 | 5.82 | 4.35 | 4.45 | 6.83 |
| Dividend Payout % | 73% | 108% | 60% | 34% | 52% | 45% | 0% |
Financials of Menon Bearings Ltd
Balance Sheet
Capital structure and asset base
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 6 | 6 | 6 | 6 |
| Reserves | 10 | 10 | 10 | 128 | 139 | 153 | 180 |
| Borrowings + | 24 | 26 | 27 | 15 | 34 | 43 | 47 |
| Other Liabilities + | 13 | 16 | 21 | 26 | 28 | 29 | 36 |
| Total Liabilities | 52 | 56 | 63 | 174 | 207 | 231 | 268 |
| Fixed Assets + | 17 | 21 | 23 | 76 | 80 | 102 | 119 |
| CWIP | 4 | 1 | 1 | 8 | 14 | 9 | 0 |
| Investments | 0 | 0 | 0 | 1 | 4 | 5 | 6 |
| Other Assets + | 30 | 34 | 38 | 87 | 109 | 114 | 142 |
| Total Assets | 52 | 56 | 63 | 174 | 207 | 231 | 268 |
Financials of Menon Bearings Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | -3 | 9 | 50 | 28 | 27 | 23 |
| Cash from Investing Activity + | -7 | -4 | -4 | -23 | -19 | -26 | -18 |
| Cash from Financing Activity + | 5 | 3 | -3 | -23 | 4 | -7 | -12 |
| Net Cash Flow | 0 | -3 | 1 | 4 | 13 | -6 | -7 |
| Free Cash Flow | -5 | -3 | 5 | 36 | 10 | 1 | 5 |
| CFO/OP | 77% | 16% | 143% | 95% | 65% | 60% | 40% |
Financials of Menon Bearings Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 120 | 119 | 83 | 94 | 91 | 113 |
| Inventory Days | 193 | 182 | 161 | 90 | 102 | 101 | 93 |
| Days Payable | 115 | 73 | 90 | 52 | 57 | 57 | 60 |
| Cash Conversion Cycle | 180 | 230 | 189 | 121 | 139 | 135 | 146 |
| Working Capital Days | 150 | 163 | 116 | 70 | 73 | 70 | 89 |
| ROCE % | 12% | 15% | 22% | 20% | 25% |
Guidance history
How Menon Bearings Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 20–40% | Up 2%+ | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
95 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +117.9% | 95% |
| Last 6 months | +120.5% | 98% |
| Last 3 months | +22.4% | 89% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Menon Bearings Ltd: 0.4 × 95 + 0.4 × 98 + 0.2 × 89 = 95.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Menon Bearings Ltd's management said in earlier quarters
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