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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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

Basic Stock Data of Menon Bearings Ltd

Last Updated: July 20, 2024, 10:51 pm

Market Cap 721 Cr.
Current Price 129
High / Low166/108
Stock P/E31.2
Book Value 26.1
Dividend Yield1.75 %
ROCE23.0 %
ROE18.4 %
Face Value 1.00
PEG Ratio2.14

Data Source: screener.in

Competitors of Menon Bearings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Deccan Bearings Ltd 13.9 Cr. 63.773.1/33.2 1.050.00 %55.4 %55.4 % 10.0
Timken India Ltd 29,373 Cr. 3,9054,818/2,49074.9 3210.06 %23.4 %17.6 % 10.0
Schaeffler India Ltd 60,502 Cr. 3,8714,951/2,61265.7 3080.67 %26.7 %20.0 % 2.00
NRB Bearings Ltd 3,044 Cr. 314402/21331.3 88.71.62 %14.6 %12.8 % 2.00
Benara Bearings & Pistons Ltd 26.0 Cr. 14.726.8/12.0 10.80.00 %2.39 %14.1 % 10.0
Industry Average17,237.07 Cr1,995.4934.57206.790.67%22.95%21.15%7.71

Menon Bearings Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales43.3946.5246.2148.5249.0651.6162.0051.4249.6553.8754.5550.1349.38
Expenses33.8236.4335.9538.6440.0940.6448.7140.5237.1640.1442.7239.8039.88
Operating Profit9.5710.0910.269.888.9710.9713.2910.9012.4913.7311.8310.339.50
OPM %22.06%21.69%22.20%20.36%18.28%21.26%21.44%21.20%25.16%25.49%21.69%20.61%19.24%
Other Income0.781.030.830.460.790.530.981.070.680.200.610.980.90
Interest0.880.810.740.680.720.450.620.810.800.680.580.880.93
Depreciation1.851.981.891.921.942.001.962.012.051.902.052.082.07
Profit before tax7.628.338.467.747.109.0511.699.1510.3211.359.818.357.40
Tax %25.20%22.57%22.34%23.90%25.35%25.08%24.98%24.59%24.81%19.12%25.28%24.55%24.46%
Net Profit5.706.456.575.885.306.788.776.907.759.187.336.305.59
EPS in Rs1.021.151.171.050.951.211.561.231.381.641.311.121.00

Last Updated: July 12, 2024, 10:36 am

Menon Bearings Ltd Quarterly Chart

Menon Bearings Ltd Profit & Loss

Last Updated: July 10, 2024, 7:43 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales888387103111124146174139149198219208
Expenses717071818290108131109115155166163
Operating Profit17131523293337433034425345
OPM %19%15%18%22%26%27%26%25%21%23%21%24%22%
Other Income0111011111003
Interest2222212454333
Depreciation4554554577888
Profit before tax117917232832362025324337
Tax %31%45%31%31%36%31%35%30%27%24%24%23%
Net Profit74612151921251419253328
EPS in Rs1.320.661.102.062.663.413.764.512.573.354.385.845.07
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:9%
5 Years:3%
3 Years:11%
TTM:-6%
Compounded Profit Growth
10 Years:15%
5 Years:0%
3 Years:11%
TTM:-21%
Stock Price CAGR
10 Years:27%
5 Years:15%
3 Years:19%
1 Year:4%
Return on Equity
10 Years:24%
5 Years:21%
3 Years:23%
Last Year:18%

Last Updated: July 17, 2024, 5:25 pm

Menon Bearings Ltd Balance Sheet

Last Updated: July 10, 2024, 7:43 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 310852023263024245036
Cash from Investing Activity -6-4-2-4-10-15-30-10-6-3-23-27
Cash from Financing Activity 4-6-3-41-75-29-21-20-234
Net Cash Flow012-41221-8-31413

Menon Bearings Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7875738286898393108948395
Inventory Days97999111010799961281149390101
Days Payable628159647073587687585255
Cash Conversion Cycle11394105129123115120144135129121140
Working Capital Days7258618791868795100947274
ROCE %16%20%33%40%38%36%33%18%22%26%32%

Menon Bearings Ltd Financial Efficiency Indicators Chart

Menon Bearings Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.25%71.25%71.25%71.25%71.25%71.25%71.25%71.25%70.18%70.18%70.18%70.18%
FIIs2.42%2.47%2.24%2.13%2.13%1.85%1.59%1.64%1.00%0.57%0.54%0.56%
Public26.33%26.28%26.51%26.62%26.62%26.90%27.16%27.10%28.82%29.25%29.28%29.26%
No. of Shareholders18,11119,13722,35825,94825,33425,40824,33722,69925,02026,25627,18828,340

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)4.585.844.383.352.57
Diluted EPS (Rs.)4.585.844.383.352.57
Cash EPS (Rs.)6.047.255.764.693.80
Book Value[Excl.RevalReserv]/Share (Rs.)26.1223.8119.9817.6115.74
Book Value[Incl.RevalReserv]/Share (Rs.)26.1223.8119.9817.6215.74
Dividend / Share (Rs.)2.252.002.001.502.50
Revenue From Operations / Share (Rs.)36.8039.1435.2426.6724.82
PBDIT / Share (Rs.)8.189.547.626.415.54
PBIT / Share (Rs.)6.738.136.245.084.31
PBT / Share (Rs.)6.157.615.774.443.50
Net Profit / Share (Rs.)4.585.844.383.352.57
PBDIT Margin (%)22.2224.3621.6124.0322.32
PBIT Margin (%)18.2820.7517.6919.0217.37
PBT Margin (%)16.7119.4316.3716.6314.09
Net Profit Margin (%)12.4514.9112.4212.5710.35
Return on Networth / Equity (%)17.5524.5221.9119.0416.32
Return on Capital Employeed (%)22.1731.8628.4224.5121.46
Return On Assets (%)11.5017.9915.0212.149.63
Long Term Debt / Equity (X)0.130.040.050.130.23
Total Debt / Equity (X)0.220.100.200.290.43
Asset Turnover Ratio (%)1.021.271.240.980.90
Current Ratio (X)2.012.222.071.841.79
Quick Ratio (X)1.591.661.541.421.37
Inventory Turnover Ratio (X)3.674.124.543.302.78
Dividend Payout Ratio (NP) (%)0.0034.2545.6844.7197.30
Dividend Payout Ratio (CP) (%)0.0027.5834.7231.9865.84
Earning Retention Ratio (%)0.0065.7554.3255.292.70
Cash Earning Retention Ratio (%)0.0072.4265.2868.0234.16
Interest Coverage Ratio (X)14.2018.3616.4710.066.80
Interest Coverage Ratio (Post Tax) (X)8.9512.2410.476.264.15
Enterprise Value (Cr.)635.91542.32512.13322.36201.28
EV / Net Operating Revenue (X)3.082.472.592.161.45
EV / EBITDA (X)13.8710.1512.008.976.48
MarketCap / Net Operating Revenue (X)3.052.472.522.011.25
Retention Ratios (%)0.0065.7454.3155.282.69
Price / BV (X)4.294.054.443.051.97
Price / Net Operating Revenue (X)3.052.472.522.011.25
EarningsYield0.040.060.040.060.08

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

Fair Value: 152.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 18.18% compared to the current price 129

Intrinsic Value: 174.65

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 35.39% compared to the current price 129

Last 5 Year EPS CAGR: 14.56%

*Investments are subject to market risks

Strength and Weakness of Menon Bearings Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 26.17%, which is a positive sign.
  2. The company has higher reserves (75.83 cr) compared to borrowings (25.42 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (140.69 cr) and profit (24.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 81.42, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 122.33, which may not be favorable.

FAQ

What is the latest fair value of Menon Bearings Ltd?

The latest fair value of Menon Bearings Ltd is ₹152.46.

What is the Market Cap of Menon Bearings Ltd?

The Market Cap of Menon Bearings Ltd is 721 Cr..

What is the current Stock Price of Menon Bearings Ltd as on 21 July 2024?

The current stock price of Menon Bearings Ltd as on 21 July 2024 is 129.

What is the High / Low of Menon Bearings Ltd stocks in FY 2024?

In FY 2024, the High / Low of Menon Bearings Ltd stocks is 166/108.

What is the Stock P/E of Menon Bearings Ltd?

The Stock P/E of Menon Bearings Ltd is 31.2.

What is the Book Value of Menon Bearings Ltd?

The Book Value of Menon Bearings Ltd is 26.1.

What is the Dividend Yield of Menon Bearings Ltd?

The Dividend Yield of Menon Bearings Ltd is 1.75 %.

What is the ROCE of Menon Bearings Ltd?

The ROCE of Menon Bearings Ltd is 23.0 %.

What is the ROE of Menon Bearings Ltd?

The ROE of Menon Bearings Ltd is 18.4 %.

What is the Face Value of Menon Bearings Ltd?

The Face Value of Menon Bearings Ltd is 1.00.

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