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Menon Bearings Ltd (MENONBE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523828 NSE: MENONBE Bearings | Small Cap | Menon Bearings Share Price

₹208.95 -9.65 (-4.41%)

As on 22-Jul'26 16:59

Menon Bearings Ltd (MENONBE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523828 NSE: MENONBE Bearings | Small Cap | Menon Bearings Share Price

₹208.95 -9.65 (-4.41%)

As on 22-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,171 Cr.
Current Price
₹209
52-Week Low / High
₹101 / 219
TTM EPS
₹6.1
TTM Sales
₹232 Cr.
Book Value per Share
₹29.4
P/E Ratio
34.54
Higher than its 5-year historical median
Industry PE
50.7
Price to Book (P/B)
7.12
Higher than its 5-year historical median
Price to Sales (P/S)
5.05
Higher than its 5-year historical median
EV/EBITDA
21.76
Higher than its 5-year historical median
Dividend Yield
0.96%
Profitability Efficiency
Return on Equity (ROE)
22.87%
Outperforms industry median
Return on Capital Employed (ROCE)
27.11%
Outperforms industry median
Return on Assets (ROA)
16.62%
Operating Profit Margin
22.2%
Net Profit Margin
15.05%
Gross Profit Margin
22.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.72%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
46.88%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
61.86%
Asset Quality
Promoter Holding
68.44%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹159 Cr.
Equity
₹5.6 Cr.
Face Value
₹1
All Time Low / High
₹0.30 / 218.60

Menon Bearings stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Menon Bearings Ltd a good quality company?
Menon Bearings Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Menon Bearings Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Menon Bearings Ltd vs industry peers?
Menon Bearings Ltd revenue CAGR is 3.74%, compared to the industry median CAGR of 7.70%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Menon Bearings Ltd?
Promoters hold 68.44% of the Menon Bearings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Menon Bearings Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10.5% based on the current price.

10 Year X-Ray :

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.
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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 38.6%36.7%33.2%18.4%22.5%26.6%32.2%23%17.4%27.1%-
Value Creation
Index
1.81.61.40.30.60.91.30.60.20.9-

Growth Parameters

Sales 124146174139149198219208167217232
Sales YoY Gr.-17.8%19.4%-20.1%7.5%32.1%11.1%-5.1%-19.7%29.7%-
Adj EPS 3.53.84.52.63.34.45.84.53.65.86.1
YoY Gr.-10.7%18.6%-43.1%28.3%31.7%33.9%-23%-20.7%63.3%-
BVPS (₹) 11.413.816.215.717.62023.826.123.627.329.4
Adj Net
Profit
19.321.425.414.418.624.432.825.22032.734
Cash Flow from Ops. 19.922.825.530.524.224.250.12043.814.5-
Debt/CF from Ops. 1.11.11.81.31.210.31.70.71.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.4%7.7%-0.4%29.7%
Adj EPS 6%12%-0.1%63.3%
BVPS10.2%9.2%4.7%16%
Share Price 12.4% 19.9% 16.6% 65%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
33.330.330.316.119.923.226.71814.422.921.3
Op. Profit
Mgn %
27.125.824.821.423.421.424.221.219.622.221.6
Net Profit
Mgn %
15.614.714.610.412.412.414.912.11215.114.6
Debt to
Equity
0.30.30.50.40.30.20.10.20.20.2-
Working Cap
Days
12412512115314813012513815713275
Cash Conv.
Cycle
86848210810394921021139245

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales124146174139149198219208167217
Operating Expenses + 90108131109115155166164134169
Manufacturing Costs30344136384751554149
Material Costs42536245538388796789
Employee Cost 9111413121414151213
Other Costs 9101416121213151417
Operating Profit 33384330354253443348
Operating Profit Margin (%) 27.0%25.8%24.8%21.4%23.2%21.4%24.1%21.2%19.6%22.2%
Other Income + 1111101213
Exceptional Items 0000000000
Interest 1245433333
Depreciation 5457788845
Profit Before Tax 28333620253243342743
Tax 81111568109710
Profit After Tax 19212514192533262033
PAT Margin (%) 15.6%14.7%14.6%10.4%12.7%12.4%14.9%12.3%12.1%15.1%
Adjusted EPS (₹)3.43.84.52.63.44.45.84.63.65.8
Dividend Payout Ratio (%)29.10%39.40%33.20%97.10%44.30%45.70%34.30%49.10%55.60%34.40%

Valuation of Menon Bearings - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6477918899112133146132153
Share Capital 6666666666
Reserves 5971858393106128141126148
Debt +21254638292315342927
Long Term Debt4527211376191512
Short Term Debt1820181816179151415
Minority Interest0000000000
Trade Payables811109131313121016
Others Liabilities 9131213141521151214
Total Liabilities 103126158149155163182207182210

Fixed Assets

Net Fixed Assets +37485672807976727476
Gross Block87100113136151155160128134141
Accumulated Depreciation49525764717684566065
CWIP 4519101081400
Investments 00301010123435
Inventories12151616162122221621
Trade Receivables29353936445150533966
Cash Equivalents 17191911891326134
Others Assets 3555443778
Total Assets 103126158149155163182207182210

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 20232630242450204414
PBT 28333620253243342743
Adjustment -4-6-4642-01-1-2
Changes in Working Capital -4-3-75-5-108-1518-26
Tax Paid 0000000000
Cash Flow From Investing Activity + -9-15-30-10-6-3-23-11-34-7
Capex -7-15-13-23-16-6-5-4-24-7
Net Investments 000001-10-2-22-1
Others -20-171392-8-5120
Cash Flow From Financing Activity + 1-75-29-21-20-234-16-16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 2122-7-8-6-113-4-3
Interest Paid -1-2-4-5-4-3-3-3-3-3
Dividend Paid -6-7-10-14-8-11-11-13-11-11
Others 61-4-3-20-8721
Net Cash Flow 1221-8-31413-6-9

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)33.2430.2630.2416.1420.2923.2926.6718.3714.4822.87
ROCE (%)38.5536.6833.2118.4222.4826.5632.1522.9917.3627.11
Asset Turnover Ratio1.361.281.230.90.981.241.271.070.861.1
PAT to CFO Conversion(x)1.051.11.042.141.260.961.520.772.20.42
Working Capital Days
Receivable Days80.108178.5098.4097.5088.1083.8090.40100.5088.50
Inventory Days35.1033.7032.404239.2034.8035.7038.3041.2031
Payable Days63.4064.4060.4078.9076.2056.5053.7056.6058.8053.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *5.855.856.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Menon Bearings Ltd FAQs

The current trading price of Menon Bearings on 22-Jul-2026 16:59 is ₹208.9.

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 21-Jul-2026 the market cap of Menon Bearings stood at ₹1,171 Cr

The latest P/E ratio of Menon Bearings as of 21-Jul-2026 is 34.54.

The latest P/B ratio of Menon Bearings as of 21-Jul-2026 is 7.12.

The 52-week high of Menon Bearings is ₹218.6 and the 52-week low is ₹101.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Menon Bearings is ₹232 ( Cr.) .

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

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

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

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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