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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Menon Bearings Ltd

About the Company - Menon Bearings Ltd

Menon Bearings Ltd. is a Public Limited Listed company incorporated on 04/07/1991 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29130PN1991PLC062352 and registration number is 062352. Currently company belongs to the Industry of Bearings. Company’s Total Operating Revenue is Rs. 197.51 Cr. and Equity Capital is Rs. 5.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
BearingsG-1, MIDC, Gokul Shirgaon, Kolhapur Maharashtra 416234admin@menonbearings.in
http://www.menonbearings.in
Management
NamePosition Held
Mr. Nitin MenonExecutive Chairman
Mr. Ramesh Dattatraya DixitManaging Director
Mr. Arun AradhyeWholeTime Director & CFO
Mrs. Kailash A NevagiIndependent Director
Dr. Santosh PrabhuIndependent Director
Mr. Mukund Laxmanrao ShindeIndependent Director

Menon Bearings Ltd. Share Price Update

Share PriceValue
Today₹133.00
Previous Day₹138.05

Basic Stock Data of Menon Bearings Ltd

Market Cap 786 Cr.
Current Price 140
High / Low166/90.5
Stock P/E27.7
Book Value 24.0
Dividend Yield1.58 %
ROCE32.1 %
ROE26.6 %
Face Value 1.00

Data Source: screener.in

Competitors of Menon Bearings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Schaeffler India Ltd 44,880 Cr. 2,8713,726/2,61249.2 3080.84 %26.8 %20.0 % 2.00
SKF India Ltd 22,226 Cr. 4,4965,535/3,96044.5 4830.90 %34.5 %24.8 % 10.0
NRB Bearings Ltd 3,184 Cr. 328402/12512.6 69.21.51 %16.6 %16.1 % 2.00
Timken India Ltd 21,090 Cr. 2,8043,576/2,65959.4 2940.05 %28.0 %21.1 % 10.0
Industry Average22.5 Cr8441.43288.550.83%26.48%20.5%6

Menon Bearings Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales36.6743.3946.5246.2148.5249.0651.6162.0051.4249.6553.8754.5550.13
Expenses28.3633.8236.4335.9538.6440.0940.6448.7140.5237.1640.1442.7239.80
Operating Profit8.319.5710.0910.269.888.9710.9713.2910.9012.4913.7311.8310.33
OPM %22.66%22.06%21.69%22.20%20.36%18.28%21.26%21.44%21.20%25.16%25.49%21.69%20.61%
Other Income0.630.781.030.830.460.790.530.981.070.680.200.610.98
Interest0.930.880.810.740.680.720.450.620.810.800.680.580.88
Depreciation1.841.851.981.891.921.942.001.962.012.051.902.052.08
Profit before tax6.177.628.338.467.747.109.0511.699.1510.3211.359.818.35
Tax %26.42%25.20%22.57%22.34%23.90%25.35%25.08%24.98%24.59%24.81%19.12%25.28%24.55%
Net Profit4.535.706.456.575.885.306.788.776.907.759.187.336.30
EPS in Rs0.811.021.151.171.050.951.211.561.231.381.641.311.12

Menon Bearings Ltd Quarterly Chart

Menon Bearings Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales888387103111124146174139149198219208
Expenses717071818290108131109115155166160
Operating Profit17131523293337433034425348
OPM %19%15%18%22%26%27%26%25%21%23%21%24%23%
Other Income0111011111002
Interest2222212454333
Depreciation4554554577888
Profit before tax117917232832362025324340
Tax %31%45%31%31%36%31%35%30%27%24%24%23%
Net Profit74612151921251419253331
EPS in Rs1.320.661.102.062.663.413.764.512.573.354.385.845.45
Dividend Payout %35%50%45%32%31%29%40%33%97%45%46%34%

Menon Bearings Ltd Profit & Loss Yearly Chart

Menon Bearings Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:9%
3 Years:16%
TTM:-3%
Compounded Profit Growth
10 Years:25%
5 Years:9%
3 Years:31%
TTM:-6%
Stock Price CAGR
10 Years:38%
5 Years:13%
3 Years:35%
1 Year:32%
Return on Equity
10 Years:25%
5 Years:23%
3 Years:24%
Last Year:27%

Menon Bearings Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5555566666666
Reserves27283138475971858393106128129
Borrowings22252017122125463829231524
Other Liabilities17151819161723222327283421
Total Liabilities7073747880103126158149155163182179
Fixed Assets31363836353748567280797686
CWIP621014519101080
Investments10000003010100
Other Assets33343642446273806772858794
Total Assets7073747880103126158149155163182179

Menon Bearings Ltd Reserves and Borrowings Chart

Menon Bearings Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 103108520232630242450
Cash from Investing Activity -9-6-4-2-4-10-15-30-10-6-3-23
Cash from Financing Activity -24-6-3-41-75-29-21-20-23
Net Cash Flow-0012-41221-8-314

Menon Bearings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6578757382868983931089483
Inventory Days8897999111010799961281149390
Days Payable856281596470735876875852
Cash Conversion Cycle6811394105129123115120144135129121
Working Capital Days5072586187918687951009472
ROCE %25%16%20%33%40%38%36%33%18%22%26%32%

Menon Bearings Ltd Financial Efficiency Indicators Chart

Menon Bearings Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters71.25%71.25%71.25%71.25%71.25%71.25%71.25%71.25%71.25%70.18%70.18%70.18%
FIIs2.42%2.42%2.47%2.24%2.13%2.13%1.85%1.59%1.64%1.00%0.57%0.54%
Public26.33%26.33%26.28%26.51%26.62%26.62%26.90%27.16%27.10%28.82%29.25%29.28%
No. of Shareholders14,91618,11119,13722,35825,94825,33425,40824,33722,69925,02026,25627,188

Menon Bearings Ltd Shareholding Pattern Chart

No. of Menon Bearings Ltd Shareholders

This stock is not held by any mutual fund

Menon Bearings Ltd ROCE Trend

Menon Bearings Ltd EPS Trend

Menon Bearings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)5.844.383.352.574.51
Diluted EPS (Rs.)5.844.383.352.574.51
Cash EPS (Rs.)7.255.764.693.805.37
Book Value[Excl.RevalReserv]/Share (Rs.)23.8119.9817.6115.7416.17
Book Value[Incl.RevalReserv]/Share (Rs.)23.8119.9817.6215.7416.17
Dividend / Share (Rs.)2.002.001.502.501.50
Revenue From Operations / Share (Rs.)39.1435.2426.6724.8231.04
PBDIT / Share (Rs.)9.547.626.415.547.93
PBIT / Share (Rs.)8.136.245.084.317.07
PBT / Share (Rs.)7.615.774.443.506.44
Net Profit / Share (Rs.)5.844.383.352.574.51
PBDIT Margin (%)24.3621.6124.0322.3225.55
PBIT Margin (%)20.7517.6919.0217.3722.78
PBT Margin (%)19.4316.3716.6314.0920.75
Net Profit Margin (%)14.9112.4212.5710.3514.54
Return on Networth / Equity (%)24.5221.9119.0416.3227.91
Return on Capital Employeed (%)31.8628.4224.5121.4632.58
Return On Assets (%)17.9915.0212.149.6316.01
Long Term Debt / Equity (X)0.040.050.130.230.30
Total Debt / Equity (X)0.100.200.290.430.50
Asset Turnover Ratio (%)1.271.240.980.901.23
Current Ratio (X)2.222.071.841.792.17
Quick Ratio (X)1.661.541.421.371.72
Inventory Turnover Ratio (X)4.124.543.302.784.07
Dividend Payout Ratio (NP) (%)34.2545.6844.7197.3038.76
Dividend Payout Ratio (CP) (%)27.5834.7231.9865.8432.56
Earning Retention Ratio (%)65.7554.3255.292.7061.24
Cash Earning Retention Ratio (%)72.4265.2868.0234.1667.44
Interest Coverage Ratio (X)18.3616.4710.066.8012.57
Interest Coverage Ratio (Post Tax) (X)12.2410.476.264.158.15
Enterprise Value (Cr.)542.32512.13322.36201.28490.11
EV / Net Operating Revenue (X)2.472.592.161.452.82
EV / EBITDA (X)10.1512.008.976.4811.02
MarketCap / Net Operating Revenue (X)2.472.522.011.252.67
Retention Ratios (%)65.7454.3155.282.6961.23
Price / BV (X)4.054.443.051.975.12
Price / Net Operating Revenue (X)2.472.522.011.252.67
EarningsYield0.060.040.060.080.05

Menon Bearings Ltd Profitability Ratios (%)

Menon Bearings Ltd Liquidity Ratios

Menon Bearings Ltd Liquidity Ratios (%)

Menon Bearings Ltd Interest Coverage Ratios (%)

Menon Bearings Ltd Valuation Ratios

Fair Value of Menon Bearings Ltd Stock

Fair Value: ₹179.63

The stock is undervalued by 28.31% compared to the current price ₹140

*Investments are subject to market risks

Strength and Weakness of Menon Bearings Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 28.25%, which is a positive sign.
  2. The company has higher reserves (71.15 cr) compared to borrowings (24.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (140.69 cr) and profit (24.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.41 and average Dividend Yield of 19.52%.
  2. The stock has a high average Working Capital Days of 79.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 116.33, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Menon Bearings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE