1. Is Menon Pistons Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Menon Pistons Ltd is a below average quality company.
2. Is Menon Pistons Ltd undervalued or overvalued?
The key valuation ratios of Menon Pistons Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
3. Is Menon Pistons Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Menon Pistons Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||8.5%||5.3%||9.3%||7.4%||10.8%||9.5%||12.9%||5.8%||10.5%||17.4%||-|
|Value Creation Index ⓘ||-0.4||-0.6||-0.3||-0.5||-0.2||-0.3||-0.1||-0.6||-0.3||0.2||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-7%||1.7%||-9.7%||1.9%||10%||6.9%||-24.6%||16.4%||46.6%||-|
|Adj EPS ⓘ||0.9||0.4||1.1||0.8||1.5||1.4||2||0.9||1.8||3.5||3.7|
|YoY Gr. Rt. %||-||-56.5%||197.3%||-25.5%||78.1%||-6.2%||43.1%||-56.1%||103.5%||100%||-|
|BVPS (₹) ⓘ||10.7||10.9||11.5||11.8||13.3||14||15.2||14.6||16.3||18.8||21|
|Adj Net Profit ⓘ||4.4||1.9||5.6||4.2||7.4||7||10||4.4||8.9||17.9||19|
|Cash Flow from Ops. ⓘ||-0.1||5.8||3.4||11.4||5||1.2||11.4||13.8||12.9||3.8||-|
|Debt/CF from Ops. ⓘ||-371.6||5.1||7.4||1.5||2.8||7.2||0.2||0.3||0.8||7.2||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||17%||19.1%||21.3%||100%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||8.2||3.4||9.7||7||11.6||10||13.4||5.8||11.3||20||18.5|
|Op. Profit Mgn % ⓘ||9.1||6.2||10.1||8.7||11.3||10.8||11.9||9.1||12.4||15.2||15.1|
|Net Profit Mgn % ⓘ||2.9||1.3||3.9||3.2||5.6||4.8||6.4||3.7||6.5||8.9||8.8|
|Debt to Equity ⓘ||0.7||0.5||0.4||0.3||0.2||0.1||0||0.1||0.1||0.3||-|
|Working Cap Days ⓘ||130||152||161||170||157||165||163||195||175||151||0|
|Cash Conv. Cycle ⓘ||46||59||70||76||82||105||113||145||112||91||0|
Return on Equity has increased versus last 3 years average to 18.50%
Net Profit is growing at healthy rate in last 3 years 21.32%
Sales growth has been subdued in last 3 years 8.80%
Sales growth is not so good in last 4 quarters at 9.76%
|TTM EPS (₹)||3.7||6.2|
|TTM Sales (₹ Cr.)||213||245|
|BVPS (₹.) ⓘ||21||23.7|
|Reserves (₹ Cr.) ⓘ||102||116|
|From the Market|
|52 Week Low / High (₹)||36.20 / 60.00|
|All Time Low / High (₹)||2.81 / 64.80|
|Market Cap (₹ Cr.)||233|
|Equity (₹ Cr.)||5.1|
|Face Value (₹)||1|
|Industry PE ⓘ||35.3|
Menon Pistons Ltd. ( MPL ) ventured into the manufacture of pistons in 1971 without any collaboration or technical assistance of any piston manufacturer. Menon Pistonsâ€™s manufacturing plant was set up at the industrial estate in Shiroli, Kolhapur, a small industrial city, south east of Mumbai & delivered the First Ring Carrier piston to the Indian diesel engine industry in 1971.
Menon Group, the multi-product, high end critical auto components group with a turnover exceeding Rs 300 crore, & globally positioned with business activities spanning 24 countries around the globe exporting 35 % of its production. The Menon Group's historic commitment to quality and customer service, strong corporate values, disciplined & professional management systems, emphasis on trust in business relations, & our ability to meet special needs is recognized the word over.
In the year 1985 a second unit was started in Sangli, yet again a small town 60 km away from Kolhapur to manufacture Gudgeon Pins & Pistons for stationary & industrial applications. In the year 1996 a third unit was added in Shiroli industrial estate exclusively for the manufacture of small pistons to industrial applications & passenger cars. Currently this plant concentrates on the manufacturing of pistons for passenger car as an â€œ Exclusive & Single source â€œ supplier to Maruti Suzuki Ltd, for their prize vehicle â€œ Swift â€
The company has kept pace with the growing trends by virtue of streamlining quality systems, development of quality culture, adoption of latest technology & equipment. Products of Menon Pistons enjoy a high degree of customer satisfaction & value for the money & has been the choice of discerning customers as most cost effective supplier.
Menon Pistons Ltd., manufactures aluminium alloy pistons, piston pins, and piston rings for passenger cars, heavy and light commercial vehicles, heavy duty diesel engines for power generation and earth movers, compressors, etc.
Product range of the company includes:
MPL's product range boasts of piston assemblies for diverse array of high tech features catering to the wide variety of applications such as :