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Munjal Auto Industries Ltd. Stock Analysis

Small Cap
Evaluated by 853 users | BSE: 520059 | NSE: MUNJALAU |
Auto Ancillary
Munjal Auto Industries (MAIL) started its humble journey in 1987. It is the leading auto component manufacturing company in India producing exhaust systems, complete wheel rims and other automotive assemblies. The company holds the pride of being among the largest manufacturer of the exhaust...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 20.82%28.61%21.65%21.3%15.83%8.57%12.61%14.06%11.17%2.87%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5206807178168888858501,0331,1471,140
Y-o-Y Gr. Rt.-30.8%5.5%13.8%8.8%-0.4%-4%21.5%11%-0.6%
Adjusted EPS (Rs.) 2.484.413.974.773.791.913.33.973.340.44
Y-o-Y Gr. Rt.-77.8%-10%20.2%-20.6%-49.6%72.8%20.3%-15.9%-86.8%
Book Value per Share (Rs.) 9.2812.5515.3318.6320.6921.8625.2928.2730.1229.37
Adjusted Net Profit 24.844.239.747.737.919.13339.733.44.4
Net Op. Cash Flow (Rs. Cr.) 31.340.744.239.435.443.66467.635.134.6
Debt to Cash Flow from Ops 1.981.641.492.082.261.590.690.430.952.61
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Munjal Auto Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.1%5.1%10.3%-0.6%
Adjusted EPS -17.5%-35%-48.9%-86.8%
Book Value per Share 13.77.35.1-2.5
Share Price 13.3% 7.1% -14.3% 33.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 29.2740.4428.4728.0919.298.9714.0114.8411.451.47
Operating Profit Margin (%) 8.399.197.537.827.755.217.247.035.492.48
Net Profit Margin (%) 4.776.495.535.844.272.163.883.852.910.38
Debt to Equity 0.670.530.430.440.390.320.170.10.110.31
Working Capital Days 45545960687475687393
Cash Conversion Cycle -1379151916141817
Entity Percentage Holding
Promoters 74.81%
Institutions 0.10%
Non-Institutions 25.09%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Munjal Auto Industries Ltd.'s performance infers:

Munjal Auto Industries Ltd. earnings have declined by -35%, whereas share price has appreciated 7.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Munjal Auto Industries Ltd. share prices over the last 10 years. Here is what we found out:

Munjal Auto Industries Ltd. share price has appreciated 14.2% annually over the past ten years.

Munjal Auto Industries (MAIL) started its humble journey in 1987. It is the leading auto component manufacturing company in India producing exhaust systems, complete wheel rims and other automotive assemblies. The company holds the pride of being among the largest manufacturer of the exhaust systems in the world, manufacturing close to 12,000 systems per day. Besides, the company produces more than 10,000 spoke rims for motorcycles and steel wheel rims everyday.

MAIL is a part of a famous

Munjal Auto Industries (MAIL) started its humble journey in 1987. It is the leading auto component manufacturing company in India producing exhaust systems, complete wheel rims and other automotive assemblies. The company holds the pride of being among the largest manufacturer of the exhaust systems in the world, manufacturing close to 12,000 systems per day. Besides, the company produces more than 10,000 spoke rims for motorcycles and steel wheel rims everyday.

MAIL is a part of a famous Hero Group of companies, sporting flagship companies like Hero Honda Motors Ltd (The world’s largest producer of Motorcycles) and Hero Cycles (The world’s largest producers of cycles). The group’s history dates back to the 1950’s when four visionary members of the Munjal Family started a modest venture- Hero Cycles. Today the group is a US $ 4 billion establishment with more than 20 group companies in its umbrella.

Continuing the group’s legacy, MAIL started its humble journey with manufacturing of bicycles for exports, supplying to UK, France, Germany, and to the US and Canada. Under the leadership of their M.D Mr. Sudhir Munjal, over the years they have moved on to manufacture auto components for the 2/4 wheeler automobile industries. Over vast pool of experience as a group has taught them some valuable lessons which they place close to their hearts.

The spirit of Munjal Auto can be summed in four words – Customer, Systems, Associates, and Society. The customer is their ‘unn datta’ (Bread Earner) and anything he says or expresses is done. The organization works efficiently with proper user friendly systems, keeping the people associated in the company at all levels in mind. In fact it is right mix of systems and the associates’ involvement that has helped them keep the customer delighted. Finally they care for the society they live in. It is only through proper conservation of their natural resources and maintaining a clean environment that they can ensure a better future for the country.

In 2010
Started manufacturing Seat Structure complete For Tata Johnson (Tata Small Car model).
Technical JV with Samsung, Korea for 4 wheeler Fuel tank assembly.
Started Fuel Tank Assembly for Tata Motors Small passenger Car.

In 2011 the company set up Design & Central Tool Room at Bawal.
Started exhaust system for Piaggio Vehicles.

Product range of the company includes:

Munjal Auto Industries Ltd., (MAIL) is a TS 16949 certified, leading auto component manufacturing company.

  • Exhaust Systems Complete
  • Steel Wheel Rims
  • Motorcycle Spoke Rims
  • Other Products-Complete Assemblies-Sheet Metal Components

Achievements/ recognition:

  • ISO/TS 16949:2002
  • ISO 14001:1996
  • HHML DOL Certificates
  • TS 16949

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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