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Menon Bearings Ltd. Stock Analysis

Small Cap
Evaluated by 705 users | BSE: 523828 | NSE: MENONBE |
Bearings
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...

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 16.42%17.61%9.1%13.47%23.06%25.94%26.88%24.17%23.31%13.41%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 79.787.683.286.8103111124146174139
Y-o-Y Gr. Rt.-10%-5.1%4.4%18.9%7.9%11%17.8%19.4%-20.1%
Adjusted EPS (Rs.) 1.161.330.621.092.072.663.453.824.532.58
Y-o-Y Gr. Rt.-14.7%-53.4%75.8%89.9%28.5%29.7%10.7%18.6%-43.1%
Book Value per Share (Rs.) 4.735.555.836.357.619.2111.4413.7516.1715.74
Adjusted Net Profit 6.57.43.56.111.614.919.321.425.414.4
Net Op. Cash Flow (Rs. Cr.) 9.810.42.810.57.64.819.922.825.530.5
Debt to Cash Flow from Ops 2.372.089.091.892.182.591.081.131.791.26
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.
Menon Bearings Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.4%6.2%4%-20.1%
Adjusted EPS 9.3%4.5%-9.2%-43.1%
Book Value per Share 14.315.611.2-2.7
Share Price 20.1% -2.7% -21.6% -30.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 25.8625.3710.7217.7229.4631.4633.3130.3430.2816.14
Operating Profit Margin (%) 19.4419.2915.3117.7121.9526.0827.1225.8124.7921.44
Net Profit Margin (%) 8.158.494.167.0411.2613.415.6414.7114.5910.38
Debt to Equity 0.870.690.770.550.390.240.340.330.50.44
Working Capital Days 110106111111102108124125121153
Cash Conversion Cycle 635667716473868482108
Entity Percentage Holding
Promoters 71.15%
Institutions 2.08%
Non-Institutions 26.77%
Pledged *12.1112.0812.0812.0812.0812.0812.0614.5614.559.53
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Menon Bearings Ltd.'s performance infers:

Menon Bearings Ltd. earnings have grown by 4.5%, whereas share price has depreciated -2.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

Menon Bearings Ltd. share price has depreciated 14% annually over the past ten years.

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

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

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