Munjal Showa Share Price & Earnings Call Analysis

₹124.16+2.11% today
Market cap
₹497 Cr
P/E
18.78
ROE
3.31%
PEG
78.24
Price to sales
0.36
Debt to equity
0.00
52W high / low
₹144 / ₹110
Sales growth (5Y)
3.92%
EBITDA margin
1.30%
Net profit margin
1.70%
Promoter holding
65.02%
Sales (last year)
₹1,377 Cr

Incorporated in 1985, Munjal Showa Ltd manufactures auto components for two-wheelers and four-wheeler[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹2,874 Cr45.4
240%+Flat₹2,116 Cr55.2
340%+Flat₹370 Cr15.1
420–40%Up 2%+₹25,664 Cr73.6
520–40%Up 0–2%₹21,742 Cr33.9
620–40%Up 0–2%₹11,707 Cr41.0

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Financials of Munjal Showa

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Munjal Showa

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +308299288287303294311318319303286333350
Expenses +300283281289300288304323311296284329337
Operating Profit8167-2377-5872312
OPM %3%5%2%-1%1%2%2%-2%2%2%1%1%4%
Other Income +-01511610699391135
Interest0000000000000
Depreciation3333333333333
Profit before tax528151101013181310415
Tax %36%24%16%-33%14%20%11%-137%26%30%16%31%26%
Net Profit +32113298122698311
EPS in Rs0.795.303.190.392.161.962.980.511.502.232.070.682.73

Financials of Munjal Showa

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +1,5951,6431,5021,4601,5811,6691,2881,0851,0601,2411,1731,2501,271
Expenses +1,4891,5161,3891,3601,4681,5811,2331,0611,0521,2101,1571,2331,247
Operating Profit106127113100113885524830161724
OPM %7%8%8%7%7%5%4%2%1%2%1%1%2%
Other Income +69517212325241824333028
Interest3100001000000
Depreciation28292929282620161212121211
Profit before tax8010688881058658311442363541
Tax %13%29%30%31%26%27%27%17%12%24%15%18%
Net Profit +70766161786343261232312931
EPS in Rs17.4318.9115.2915.1819.3815.6510.646.543.047.987.697.227.71
Dividend Payout %20%21%26%26%23%29%42%69%148%56%58%62%

Financials of Munjal Showa

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital8888888888888
Reserves348403445505562603625633629643656666659
Borrowings +0000000000000
Other Liabilities +218202157163224181129160148159146154178
Total Liabilities574613610676793791761801786811811828845
Fixed Assets +233211197178157143145134125129123118114
CWIP1233132162010
Investments306882171244243319292307313322349325
Other Assets +311332328324391402295374349367366361405
Total Assets574613610676793791761801786811811828845

Financials of Munjal Showa

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +55556583964166-183061137
Cash from Investing Activity +-18-48-26-79-633-8243-5019-10
Cash from Financing Activity +-40-22-38-0-19-22-22-18-18-18-18-18
Net Cash Flow-2-14141423-3977-11129
Free Cash Flow42404875902746-2322-6831
CFO/OP70%66%91%118%112%85%152%-44%439%33%125%270%

Financials of Munjal Showa

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days404548495744406659575749
Inventory Days152021212023283932282929
Days Payable514744465842395751494645
Cash Conversion Cycle51825241825294940364033
Working Capital Days112231282325304941434434
ROCE %24%27%20%17%18%12%6%4%1%5%5%0%
21out of 100

Momentum score · price trend

21 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−11.6%40%
Last 6 months+6.9%39%
Last 3 months−4.9%48%

The price is 58.1% below its all-time high of ₹297.55 (12 Jan 2018). Stocks more than 20% below their peak have their score halved, so 42 became 21.

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 Munjal Showa: 0.4 × 40 + 0.4 × 39 + 0.2 × 48 = 42, halved to 21 because the price is more than 20% below its all-time high.

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 1 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.

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