Menon Pistons Share Price & Earnings Call Analysis
- Market cap
- ₹337 Cr
- P/E
- 12.83
- ROE
- 15.41%
- PEG
- 1.87
- Price to sales
- 1.11
- Debt to equity
- 0.03
- 52W high / low
- ₹84.3 / ₹46.8
- EBITDA margin
- 15.58%
- Net profit margin
- 8.49%
- Promoter holding
- 74.37%
- Sales (last year)
- ₹307 Cr
Incorporated in 1971, Menon Pistons Ltd manufactures Pistons & Pins for Diesel Engines, Cars, LCVs / HCVs[1]
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 | ₹2,874 Cr | 45.4 | |
| 2 | 40%+ | Flat | ₹2,116 Cr | 55.2 | |
| 3 | 40%+ | Flat | ₹370 Cr | 15.1 | |
| 4 | 20–40% | Up 2%+ | ₹25,664 Cr | 73.6 | |
| 5 | 20–40% | Up 2%+ | ₹13,790 Cr | 41.6 | |
| 6 | 20–40% | Up 0–2% | ₹21,742 Cr | 33.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Menon Pistons Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Menon Pistons Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 63.84 | 62.77 | 72.35 | 64.40 | 59.22 | 60.74 | 69.40 | 65.39 | 63.11 | 55.76 | 80.29 | 74.54 | 76.10 |
| Expenses + | 52.37 | 51.66 | 59.12 | 52.33 | 49.23 | 49.47 | 56.20 | 53.49 | 52.58 | 47.06 | 66.77 | 61.94 | 63.56 |
| Operating Profit | 11.47 | 11.11 | 13.23 | 12.07 | 9.99 | 11.27 | 13.20 | 11.90 | 10.53 | 8.70 | 13.52 | 12.60 | 12.54 |
| OPM % | 17.97% | 17.70% | 18.29% | 18.74% | 16.87% | 18.55% | 19.02% | 18.20% | 16.69% | 15.60% | 16.84% | 16.90% | 16.48% |
| Other Income + | 3.32 | 0.40 | 0.11 | 0.36 | 0.15 | 0.20 | 0.15 | 0.35 | 0.92 | 0.87 | 0.68 | 0.77 | 0.27 |
| Interest | 0.77 | 0.52 | 0.85 | 0.56 | 0.62 | 1.22 | 1.11 | 0.91 | 1.08 | 1.08 | 1.04 | 0.98 | 0.78 |
| Depreciation | 2.60 | 3.05 | 2.15 | 2.43 | 2.42 | 2.56 | 2.80 | 2.28 | 2.67 | 2.88 | 2.72 | 2.84 | 2.96 |
| Profit before tax | 11.42 | 7.94 | 10.34 | 9.44 | 7.10 | 7.69 | 9.44 | 9.06 | 7.70 | 5.61 | 10.44 | 9.55 | 9.07 |
| Tax % | 41.16% | 31.11% | 25.15% | 24.58% | 38.59% | 5.98% | 25.21% | 25.94% | 24.42% | 24.24% | 25.67% | 27.23% | 29.22% |
| Net Profit + | 6.71 | 5.47 | 7.74 | 7.12 | 4.35 | 7.24 | 7.07 | 6.71 | 5.82 | 4.25 | 7.77 | 6.95 | 6.43 |
| EPS in Rs | 1.32 | 1.07 | 1.52 | 1.40 | 0.85 | 1.42 | 1.39 | 1.32 | 1.14 | 0.83 | 1.52 | 1.36 | 1.26 |
Financials of Menon Pistons Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| Sales + | 212 | 251 | 256 | 254 | 287 |
| Expenses + | 178 | 207 | 210 | 209 | 239 |
| Operating Profit | 35 | 44 | 45 | 45 | 47 |
| OPM % | 16% | 17% | 18% | 18% | 17% |
| Other Income + | 0 | 4 | 1 | 2 | 3 |
| Interest | 1 | 3 | 2 | 4 | 4 |
| Depreciation | 7 | 10 | 10 | 11 | 11 |
| Profit before tax | 26 | 35 | 35 | 32 | 35 |
| Tax % | 29% | 34% | 23% | 25% | |
| Net Profit + | 19 | 23 | 26 | 24 | 25 |
| EPS in Rs | 3.69 | 4.58 | 5.19 | 4.68 | 4.97 |
| Dividend Payout % | 20% | 22% | 19% | 21% |
Financials of Menon Pistons Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 |
| Reserves | 92 | 113 | 134 | 152 | 162 |
| Borrowings + | 30 | 12 | 21 | 17 | 15 |
| Other Liabilities + | 31 | 45 | 43 | 40 | 48 |
| Total Liabilities | 158 | 174 | 202 | 214 | 230 |
| Fixed Assets + | 50 | 62 | 90 | 91 | 91 |
| CWIP | 1 | 0 | 0 | 0 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 107 | 112 | 112 | 122 | 129 |
| Total Assets | 158 | 174 | 202 | 214 | 230 |
Financials of Menon Pistons Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 49 | 22 | 39 |
| Cash from Investing Activity + | -26 | -24 | -22 | -25 |
| Cash from Financing Activity + | 13 | -25 | 2 | -14 |
| Net Cash Flow | -12 | -1 | 2 | 0 |
| Free Cash Flow | -25 | 43 | -7 | 21 |
| CFO/OP | 27% | 138% | 65% | 100% |
Financials of Menon Pistons Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 102 | 80 | 94 | 79 |
| Inventory Days | 110 | 88 | 94 | 123 |
| Days Payable | 83 | 54 | 74 | 95 |
| Cash Conversion Cycle | 129 | 114 | 114 | 108 |
| Working Capital Days | 90 | 60 | 67 | 79 |
| ROCE % | 27% | 25% | 22% |
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