Is Munjal Auto Industries Ltd (MUNJALAU) 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 .

Is Munjal Auto Industries Ltd (MUNJALAU) 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 overvalued zone .

What is Munjal Auto Industries Ltd (MUNJALAU) share price return in the past 10 years?

Munjal Auto Industries Ltd share price has appreciated 6.3% annually (CAGR) over the past ten years.

Is Munjal Auto Industries Ltd (MUNJALAU) a good buy now?

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

What is the share price of Munjal Auto Industries Ltd (MUNJALAU)?

Company share prices are keep on changing according to the market conditions. The current trading price of Munjal Auto Industries Ltd (MUNJALAU) on 13-Apr-2026 11:17:00 at 11:17 is 79.16.

What is the P/E ratio of Munjal Auto Industries?

The latest standalone P/E ratio of Munjal Auto Industries as of 13-Apr-2026 is 26.96.

What is the P/B ratio of Munjal Auto Industries Ltd (MUNJALAU)?

The latest standalone P/B ratio of Munjal Auto Industries Ltd (MUNJALAU) as of 13-Apr-2026 is 1.85.

What is the 52-week high and low of Munjal Auto Industries Ltd (MUNJALAU)?

The 52-week high of Munjal Auto Industries Ltd (MUNJALAU) is Rs. 114.60 and the 52-week low is Rs. 65.90.

Munjal Auto Industries Ltd (MUNJALAU) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Munjal Auto Industries Ltd (MUNJALAU)
Brand: Munjal Auto Industries

Munjal Auto Industries Ltd (MUNJALAU) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Munjal Auto Industries Ltd (MUNJALAU)

BSE: 520059 NSE: MUNJALAU

Key Metrics

Market Cap

₹800 Cr.

P/E Ratio

26.96

Price to Book (P/B)

1.85

Price to Sales (P/S)

0.58

EV/EBITDA

14.48

Return on Capital Employed (ROCE)

9.61%

Current Price

₹79.2

Return on Equity (ROE)

7.41%

Return on Assets (ROA)

4.48%

Operating Profit Margin

3.5%

Net Profit Margin

2.42%

Gross Profit Margin

4.7%

Book Value per Share

₹43.3

Sales Growth (YoY)

-3.92%

Sales Growth (3 Years)

-9.37%

Operating Profit Growth (1 Year)

-7.86%

Operating Profit Growth (3 Years)

-1.77%

Net Profit Growth (1 Year)

-22.19%

52-Week Low / High

₹66 / 115

Net Profit Growth (3 Years)

13.85%

Dividend Yield

1.49%

Promoter Holding

74.81%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1

Munjal Auto Industries Ltd belongs to the Automobiles sector, operating specifically within the Auto Ancillary segment.

Q.1 Gross Profit margin of Munjal Auto Industries Ltd?

Munjal Auto Industries Ltd Gross profit margin which is the profit after deduction of direct costs, is 4.7% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.

Q.1 Promoter shareholding and pledge status of Munjal Auto Industries Ltd?

Promoters hold 74.81% of the Munjal Auto Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Munjal Auto Industries Ltd vs industry peers?

Munjal Auto Industries Ltd revenue CAGR is 2.20% , compared to the industry median CAGR of 12.75% , indicating slower growth and losing its market share.

Q.1 Stock return of Munjal Auto Industries Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of 7.6% based on the current price.

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

Munjal Auto Industries Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Munjal Auto Inds

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Munjal Auto Industries stock performance

Key Ratios

Is Munjal Auto Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	11.4%	17%	19.3%	14.4%	4.3%	10.8%	9.1%	24%	15.4%	9.6%	-
Value Creation Index ⓘ	-0.2	0.2	0.4	0.0	-0.7	-0.2	-0.4	0.7	0.1	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	885	850	1,033	1,147	1,140	1,982	1,707	1,581	1,322	1,271	1,369
Sales YoY Gr.	-	-4%	21.5%	11%	-0.6%	73.9%	-13.9%	-7.3%	-16.4%	-3.9%	-
Adj EPS ⓘ	1.9	3.3	4	3.3	0.4	2.1	1.9	2.8	3.6	2.8	3
YoY Gr.	-	72.8%	20.3%	-15.9%	-86.8%	370.5%	-9.2%	51.1%	25.4%	-20.8%	-
BVPS (₹) ⓘ	21.9	25.3	28.3	30.1	29.4	31.5	33.6	39.3	41	41.9	43.3
Adj Net Profit ⓘ	19.1	33	39.7	33.4	4.4	20.7	18.8	28.4	35.6	28.2	30
Cash Flow from Ops. ⓘ	43.6	64	67.6	35.1	34.6	34.9	100	-20.2	91.9	-18.6	-
Debt/CF from Ops. ⓘ	1.6	0.7	0.4	1	2.6	2	0.5	-1.5	0.2	-2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.1%	2.2%	-9.4%	-3.9%
Adj EPS ⓘ	4.4%	45%	14.5%	-20.8%
BVPSⓘ	7.5%	7.4%	7.6%	2.1%
Share Price	6.3%	8.4%	24.6%	17.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	9	14	14.8	11.5	1.5	6.8	5.8	7.8	8.9	6.8	7
Op. Profit Mgn % ⓘ	5.2	7.2	7	5.5	2.5	2.8	2.7	3.6	3.6	3.5	2
Net Profit Mgn % ⓘ	2.2	3.9	3.9	2.9	0.4	1	1.1	1.8	2.7	2.2	2.2
Debt to Equity ⓘ	0.3	0.2	0.1	0.1	0.3	0.2	0.1	0.1	0	0.1	-
Working Cap Days ⓘ	74	75	68	73	93	69	85	90	91	74	56
Cash Conv. Cycle ⓘ	19	16	14	18	17	19	36	39	36	32	26

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	3	4.9
TTM Sales (₹ Cr.)	1,369	2,193
BVPS (₹) ⓘ	43.3	44.6
Reserves (₹ Cr.) ⓘ	413	426
P/BV ⓘ	1.85	1.79
PE ⓘ	26.96	16.40

From the Market
52 Week Low / High (₹)	65.90 / 114.60
All Time Low / High (₹)	0.38 / 145.50
Market Cap (₹ Cr.)	800
Equity (₹ Cr.)	20
Face Value (₹)	2
Industry PE ⓘ	43.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Munjal Auto Inds - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	885	850	1,033	1,147	1,140	1,982	1,707	1,581	1,322	1,271
Operating Expenses ⓘ +	839	789	961	1,086	1,111	1,928	1,660	1,525	1,274	1,226
Manufacturing Costs	87	78	84	95	92	77	75	88	90	112
Material Costs	677	637	794	895	918	1,771	1,509	1,347	1,081	999
Employee Cost	52	55	62	68	80	61	58	69	78	85
Other Costs ⓘ	23	19	21	28	22	19	18	21	26	30
Operating Profit ⓘ	46	61	73	61	28	54	47	56	48	44
Operating Profit Margin (%)	5.2%	7.2%	7.0%	5.4%	2.5%	2.7%	2.7%	3.6%	3.6%	3.5%
Other Income ⓘ +	3	6	4	4	9	10	9	14	37	20
Exceptional Items ⓘ	0	0	0	0	0	0	0	47	0	0
Interest ⓘ	8	6	4	4	8	9	5	4	3	4
Depreciation ⓘ	17	17	18	19	22	22	21	20	20	21
Profit Before Tax ⓘ	25	44	54	43	7	33	30	92	62	39
Tax ⓘ	5	10	13	10	2	12	9	27	23	8
Profit After Tax	20	35	42	33	5	21	21	66	39	31
PAT Margin (%)	2.3%	4.1%	4.0%	2.9%	0.4%	1.1%	1.2%	4.2%	3.0%	2.4%
Adjusted EPS (₹)	2.0	3.5	4.2	3.3	0.5	2.1	2.1	6.6	4.0	3.1
Dividend Payout Ratio (%)	35%	29%	29%	30%	0%	0%	48%	30%	51%	33%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	219	253	283	301	294	315	336	393	410	419
Share Capital ⓘ	10	10	20	20	20	20	20	20	20	20
Reserves ⓘ	209	243	263	281	274	295	316	373	390	399
Debt +	53	29	16	23	78	54	31	15	7	37
Long Term Debt	46	29	16	13	68	54	31	15	7	28
Short Term Debt	7	1	0	10	10	0	0	0	0	9
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	93	103	136	135	260	237	182	232	126	127
Others Liabilities ⓘ	49	28	35	47	51	130	221	139	152	92
Total Liabilities ⓘ	414	414	469	507	683	736	770	778	695	675
Fixed Assets
Net Fixed Assets ⓘ +	176	181	175	191	256	225	200	190	188	210
Gross Block	282	198	210	245	328	316	311	315	327	364
Accumulated Depreciation	106	17	35	53	72	91	111	125	139	154
CWIP ⓘ	14	2	1	19	2	1	1	8	9	18
Investments ⓘ	22	48	63	37	75	83	148	135	201	159
Inventories	27	24	27	60	64	56	41	44	46	56
Trade Receivables	128	133	158	146	254	339	329	348	196	187
Cash Equivalents	3	2	16	15	17	16	3	9	6	7
Others Assets ⓘ	44	24	29	39	15	16	48	46	50	37
Total Assets ⓘ	414	414	469	507	683	736	770	778	695	675

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	44	64	68	35	35	35	100	-20	92	-19
PBT ⓘ	25	44	54	43	7	33	30	92	62	39
Adjustment ⓘ	22	18	19	22	29	32	17	-33	-13	6
Changes in Working Capital ⓘ	2	10	6	-21	3	-25	59	-64	53	-56
Tax Paid ⓘ	-5	-9	-12	-9	-4	-5	-6	-15	-9	-7
Cash Flow From Investing Activity ⓘ +	-2	-34	-22	-23	-67	-6	-84	59	-52	14
Capex	-9	-14	-11	-49	-56	-0	-1	35	-17	-51
Net Investments	6	-22	-12	56	-11	-7	-88	18	-37	52
Others ⓘ	1	2	1	-30	0	1	6	6	2	13
Cash Flow From Financing Activity ⓘ +	-42	-31	-32	-14	35	-29	-29	-33	-42	5
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-16	-19	-15	-5	57	-12	-23	-16	-16	23
Interest Paid ⓘ	-8	-6	-4	-4	-8	-6	-6	-4	-2	-3
Dividend Paid ⓘ	-20	0	-10	-12	-10	0	0	-10	-20	-20
Others ⓘ	2	-7	-3	8	-4	-12	-0	-3	-4	5
Net Cash Flow ⓘ	-0	-1	14	-1	2	-0	-13	6	-3	1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	9.44	14.66	15.53	11.39	1.66	6.9	6.39	18.04	9.83	7.41
ROCE (%)	11.36	16.96	19.31	14.44	4.26	10.79	9.09	23.95	15.44	9.61
Asset Turnover Ratio	2.33	2.25	2.39	2.35	1.92	2.79	2.27	2.04	1.8	1.85
PAT to CFO Conversion(x)	2.2	1.83	1.62	1.06	7	1.67	4.76	-0.3	2.36	-0.61
Working Capital Days
Receivable Days	45	51	50	48	64	55	72	78	75	55
Inventory Days	13	10	9	14	20	11	10	10	12	15
Payable Days	48	56	55	55	79	51	51	56	60	46

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Munjal Auto Industries Ltd FAQs

The current trading price of Munjal Auto Inds on 13-Apr-2026 11:17 is ₹79.16.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2026 the market cap of Munjal Auto Inds stood at ₹799.6 Cr

The latest P/E ratio of Munjal Auto Inds as of 12-Apr-2026 is 26.96.

The latest P/B ratio of Munjal Auto Inds as of 12-Apr-2026 is 1.85.

The 52-week high of Munjal Auto Inds is ₹114.6 and the 52-week low is ₹65.90.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Munjal Auto Inds is ₹1,369 ( Cr.) .

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 worldâ€™s largest producer of Motorcycles) and Hero Cycles (The worldâ€™s largest producers of cycles). The groupâ€™s history dates back to the 1950â€™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 groupâ€™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 â€“ Customer, Systems, Associates, and Society. The customer is their â€˜unn dattaâ€™ (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 associatesâ€™ 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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Munjal Auto Industries Ltd (MUNJALAU) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Munjal Auto Inds Share Price