Any current/future new fundraising through debt or equity?

There is no explicit mention of any current or planned fundraising through equity in the call transcript. The company has increased debt by about ₹19 crores primarily for capital expenditure (CapEx) related to Menon Bearings and cash balances. Cash and bank balances stand at around ₹24 crores, and some funds have been invested in mutual funds and subsidiaries. No specific plans for new debt or equity fundraising were discussed or indicated in the transcript. The focus remains on organic growth and capacity augmentation funded through existing resources and debt taken for CapEx.

Any current/future capex/capital investment/strategic investment?

Menon Bearings is undertaking CapEx of Rs. 30 crore to increase capacities. Bearing capacity augmentation and aluminium division expansion are key focus areas. Aluminium capacity (Alkop) is planned to increase from 1440 tonnes to 2500 tonnes by adding high-pressure die-casting machines, CNC, and VMC machines along with building expansions. Bearing division capacity will also be expanded. Capital work in progress (CWIP) of Rs. 14 crore is expected to be fully capitalized in the current year. Menon Bearings New Ventures subsidiary is created to explore attractive projects; currently, no finalize

Future growth expectations in sales/revenue/volumes?

Consolidated revenue expected to grow at ~25% CAGR for next 2 years. Standalone Menon Bearings projected growth at ~15% CAGR for next 3 years. Aluminium division (Alkop) expected to grow 40%-45% CAGR for next 2 years, then 16%-17% in the third year. Brake division anticipated to grow at 70%-75% CAGR for the next 3 years. Additional order inflows of around ₹130-140 crore over next 1.5-2 years to support growth. Capacity expansions in bearing and aluminium segments to accommodate higher volumes (bimetal capacity from 486 to ~550 lakhs; aluminium capacity from 1440 to 2500 tonnes). Growth driven

Future growth expectations in earnings/operating earnings/profits/EPS?

Menon Bearings Ltd expects a consolidated year-on-year growth rate of approximately 25%-26% for the next two years. Standalone Menon Bearings segment is projected to grow about 15% per year for the next three years. The Aluminium division (Alkop) is anticipated to grow around 40%-45% for the next two years, with 16%-17% growth in the third year. Brake division growth is forecasted at 70%-75% over the next three years. Incremental order book of around Rs. 130 crores (over and above current run rate) expected to support growth. EBITDA margins are expected to revert to around 23%-24% af

Current/ Expected Orderbook/ Pending Orders?

The incremental order book for FY 2025 is around ₹130 crore, additional to the current run rate. This comprises approximately ₹90 crore in Alkop (including ₹70 crore plus ₹18-20 crore from Honeywell) and ₹40 crore in bearings. These orders are expected to be executed over the next 1.5 to 2 years. Orders include tooling orders for which advances have been received. The company anticipates additional order inflows driven by customers preferring sourcing from India due to "China Plus One" and "Europe One" policies, amounting to about ₹140 crore within two years. In the brake lining business, anti

Menon Bearings LtdQ4 FY24Auto Components

Menon Bearings Ltd Q4 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹252.35P/E: 32.1Market Cap: ₹1.4K CrSector: Auto Components

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

Order

Yes

Capex

Yes

2 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Consolidated revenue expected to grow at ~25% CAGR for next 2 years.
Standalone Menon Bearings projected growth at ~15% CAGR for next 3 years.
Aluminium division (Alkop) expected to grow 40%-45% CAGR for next 2 years, then 16%-17% in the third year.
Brake division anticipated to grow at 70%-75% CAGR for the next 3 years.
Additional order inflows of around ₹130-140 crore over next 1.5-2 years to support growth.
Capacity expansions in bearing and aluminium segments to accommodate higher volumes (bimetal capacity from 486 to ~550 lakhs; aluminium capacity from 1440 to 2500 tonnes).
Growth driven by export orders and aftermarket demand, with new business opportunities in braking and casting segments.
Tractor business expected to recover gradually, Japan exports slowly improving, supporting sales growth.

Margin guidance

Category 3

Menon Bearings Ltd expects a consolidated year-on-year growth rate of approximately 25%-26% for the next two years.
Standalone Menon Bearings segment is projected to grow about 15% per year for the next three years.
The Aluminium division (Alkop) is anticipated to grow around 40%-45% for the next two years, with 16%-17% growth in the third year.
Brake division growth is forecasted at 70%-75% over the next three years.
Incremental order book of around Rs. 130 crores (over and above current run rate) expected to support growth.
EBITDA margins are expected to revert to around 23%-24% after current pressure due to input cost increases.
Sample approvals and orders from customers like John Deere and Honeywell are driving future growth.
The company aims to reach approximately Rs. 400 crore revenue in the near future, supported by capacity expansions.

See what Menon Bearings Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no explicit mention of any current or planned fundraising through equity in the call transcript.
The company has increased debt by about ₹19 crores primarily for capital expenditure (CapEx) related to Menon Bearings and cash balances.
Cash and bank balances stand at around ₹24 crores, and some funds have been invested in mutual funds and subsidiaries.
No specific plans for new debt or equity fundraising were discussed or indicated in the transcript.
The focus remains on organic growth and capacity augmentation funded through existing resources and debt taken for CapEx.

Order book

Yes

The incremental order book for FY 2025 is around ₹130 crore, additional to the current run rate.
This comprises approximately ₹90 crore in Alkop (including ₹70 crore plus ₹18-20 crore from Honeywell) and ₹40 crore in bearings.
These orders are expected to be executed over the next 1.5 to 2 years.
Orders include tooling orders for which advances have been received.
The company anticipates additional order inflows driven by customers preferring sourcing from India due to "China Plus One" and "Europe One" policies, amounting to about ₹140 crore within two years.
In the brake lining business, anticipated growth is about 70-75% year-on-year for the next three years based on existing export and aftermarket orders; discussions with Brakes India are ongoing but not included in current estimates.
Metallurgical bimetal orders are expected to start regular supplies by Nov-Dec 2024.
Sampling and testing are ongoing for some new orders, with potential contract wins expected in the near term.

See what Menon Bearings Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Menon Bearings is undertaking CapEx of Rs. 30 crore to increase capacities.
Bearing capacity augmentation and aluminium division expansion are key focus areas.
Aluminium capacity (Alkop) is planned to increase from 1440 tonnes to 2500 tonnes by adding high-pressure die-casting machines, CNC, and VMC machines along with building expansions.
Bearing division capacity will also be expanded.
Capital work in progress (CWIP) of Rs. 14 crore is expected to be fully capitalized in the current year.
Menon Bearings New Ventures subsidiary is created to explore attractive projects; currently, no finalized investments but proposals include engineering businesses and chargers for electric vehicles.
No plans to hive off existing verticals.
Discussions ongoing with Brakes India for possible growth, but not included in current growth estimates.

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