Munjal Auto Industries Ltd Stock Analysis

BSE: 520059 | NSE: MUNJALAU | Auto Ancillary | Small Cap

BSE Share Price Aug 12, 18:03
50.15 -0.20 (-0.40%)

DeciZen - Make an Informed Decision on Munjal Auto Inds

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Munjal Auto Inds Price Chart

P/E Ratio (SA) :
7.72
Market Cap :
501.5 Cr.
52-wk low :
36
52-wk high :
65.5
Bole Toh?

1. Is Munjal Auto Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Munjal Auto Industries Ltd is a average quality company.

2. Is Munjal Auto Industries Ltd undervalued or overvalued?

The key valuation ratios of Munjal Auto Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Munjal Auto Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Munjal Auto Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Munjal Auto Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Munjal Auto Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 28.6%21.7%21.3%15.8%8.6%12.6%14.1%11.2%2.9%7%-
Value Creation Index 1.00.60.50.1-0.4-0.10-0.2-0.8-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6807178168888858501,0331,1471,1401,9941,733
YoY Gr. Rt. %-5.5%13.8%8.8%-0.4%-4%21.5%11%-0.6%75%-
Adj EPS 4.444.83.81.93.343.30.42.16.5
YoY Gr. Rt. %--10%20.2%-20.6%-49.6%72.8%20.3%-15.9%-86.8%368.2%-
BVPS (₹) 12.615.318.620.721.925.328.330.129.431.538.2
Adj Net Profit 44.239.747.737.919.13339.733.44.420.665
Cash Flow from Ops. 40.744.239.435.443.66467.635.134.635.8-
Debt/CF from Ops. 1.61.52.12.31.60.70.412.61.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.7%17.6%24.5%75%
Adj EPS -8.1%1.5%-19.6%368.2%
BVPS 10.87.63.77.4
Share Price 7.5% -4.7% 15.8% -20.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 40.428.528.119.391414.811.51.56.818.6
Op. Profit Mgn % 9.27.57.87.85.27.275.52.52.83.2
Net Profit Mgn % 6.55.55.84.32.23.93.92.90.413.8
Debt to Equity 0.50.40.40.40.30.20.10.10.30.2-
Working Cap Days 545960687475687393710
Cash Conv. Cycle 379151916141817140

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.90%

Sales growth is growing at healthy rate in last 3 years 24.50%

Net Profit has been subdued in last 3 years -19.64%

Sales growth is not so good in last 4 quarters at -18.91%

Latest Financials - Munjal Auto Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 6.5 6.8
TTM Sales (₹ Cr.) 1,733 1,967
BVPS (₹.) 38.2 38.3
Reserves (₹ Cr.) 362 363
P/BV 1.31 1.32
PE 7.72 7.44
From the Market
52 Week Low / High (₹) 36.00 / 65.50
All Time Low / High (₹) 0.38 / 97.60
Market Cap (₹ Cr.) 502
Equity (₹ Cr.) 20
Face Value (₹) 2
Industry PE 40.1

Management X-Ray of Munjal Auto Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Munjal Auto Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Munjal Auto Industries Ltd

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

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