Menon Bearings Ltd Stock Analysis

BSE: 523828 | NSE: MENONBE | Bearings | Small Cap

BSE Share Price May 20, 18:01
80.65 2.85 (3.66%)

DeciZen - Make an Informed Decision on Menon Bearings

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

FAQs

1. Is Menon Bearings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Menon Bearings Ltd is a good quality company.

2. Is Menon Bearings Ltd undervalued or overvalued?

The key valuation ratios of Menon Bearings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Menon Bearings Ltd a good buy now?

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

10 Year X-Ray of Menon Bearings:

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.
Menon Bearings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 17.6%9.1%13.5%23.1%25.9%26.9%24.2%23.3%13.4%16.5%-
Value Creation Index 0.3-0.4-0.00.70.90.90.70.7-0.00.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 87.683.286.8103111124146174139149195
YoY Gr. Rt. %--5.1%4.4%18.9%7.9%11%17.8%19.4%-20.1%7.5%-
Adj EPS 1.30.61.12.12.73.53.84.52.63.34.4
YoY Gr. Rt. %--53.4%75.8%89.9%28.5%29.7%10.7%18.6%-43.1%27.9%-
BVPS (₹) 5.65.86.47.69.211.413.816.215.717.620
Adj Net Profit 7.43.56.111.614.919.321.425.414.418.525
Cash Flow from Ops. 10.42.810.57.64.819.922.825.530.524.2-
Debt/CF from Ops. 2.19.11.92.22.61.11.11.81.31.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%6.1%0.9%7.5%
Adj EPS 10.6%4.4%-4.8%27.9%
BVPS 13.713.88.611.9
Share Price 27.5% 2.4% 1.3% 33.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 25.410.717.729.531.533.330.330.316.119.823.3
Op. Profit Mgn % 19.315.317.72226.127.125.824.821.423.420.5
Net Profit Mgn % 8.54.2711.313.415.614.714.610.412.412.6
Debt to Equity 0.70.80.60.40.20.30.30.50.40.30.1
Working Cap Days 106111111102108124125121153148146
Cash Conv. Cycle 566771647386848210810375

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.30%

Sales growth is good in last 4 quarters at 43.35%

Sales growth has been subdued in last 3 years 0.86%

Net Profit has been subdued in last 3 years -4.76%

Latest Financials - Menon Bearings Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 1.1
TTM Sales (₹ Cr.) 195 79.5
BVPS (₹.) 20 0
Reserves (₹ Cr.) 106 22
P/BV 3.89 0.00
PE 17.77 68.64
From the Market
52 Week Low / High (₹) 57.80 / 113.10
All Time Low / High (₹) 0.30 / 127.05
Market Cap (₹ Cr.) 436
Equity (₹ Cr.) 5.6
Face Value (₹) 1
Industry PE 43.2

Management X-Ray of Menon Bearings :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *12.0614.5614.559.539.539.529.529.525.765.76
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Menon Bearings Ltd

Menon Bearings ( MBL), a Menon Group company was  established in 1992 and is one of the few companies in the continent having fully integrated manufacturing facilities under one roof, to produce a wide range of critical auto components like bi-metal engine bearings, Bushes & Thrust Washers for light & heavy automobile engines, two wheeler engines as well as for compressors, refrigerators, air conditioners etc. The company started its commercial production in April 1993.

MBL is listed on the BSE ( Bombay Stock Exchange ) & is globally positioned with business activities spanning 24 countries around the globe. Exporting 35 % of its production capacity, with exports growth at more than 25 % per annum, the engineering capabilities at MBL enjoys strong brand equity among leading OEMs all over the world.

Menon Group is a 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 & its ability to meet special needs is recognized the word over.

MBL manufactures a whole range of bi-metal engine bearings, bushes & thrust washers for light medium & heavy automobile engines, 2 wheeler engines as well as for compressors & for refrigerators & air conditioners.

Product range of the company includes:

Bearings

  • Bearings for Connecting Rods
  • Bearings for Crank shafts
  • Flanged Bearings
  • Trimetal Bearings

Bushes

  • Truncated bushes for Connecting rods
  • Ball indented bushes
  • Bushes for Connecting Rods
  • Cam Shafts, Rock Shafts
  • Rocker Arms

Thrust Washers

  • Washers with Thrust
  • Face Contours
  • Ring Type
  • Thrust Washers.

Achievements/ recognition:

  • Certified by TUV for ISO-TS-16949: 2002 standards
  • Awarded “Self certification / Single source / Ship to use” status by  leading auto brands across the world
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