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

Fundamental Analysis of Munjal Auto Industries Ltd

About the Company - Munjal Auto Industries Ltd

Munjal Auto Industries Ltd. is a Public Limited Listed company incorporated on 12/07/1985 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L34100GJ1985PLC007958 and registration number is 007958. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 1706.55 Cr. and Equity Capital is Rs. 20.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Others187, GIDC Industrial Estate, Vadodra District Gujarat 391760cs@munjalauto.com
http://www.munjalauto.com
Management
NamePosition Held
Mr. Sudhir Kumar MunjalChairman & Managing Director
Mrs. Anju Sudhir MunjalWhole Time Director
Mr. Anuj MunjalWhole Time Director
Mr. Vikram ShahDirector
Mr. Naresh Kumar ChawlaDirector
Mr. Mahendra SanghviDirector
Mr. Ramkisan DevidayalDirector
Mr. Sudesh Kumar DuggalDirector
Mr. Jal Ratanshaw PatelDirector
Ms. Avi SabavalaDirector

Munjal Auto Industries Ltd. Share Price Update

Share PriceValue
Today₹99.50
Previous Day₹99.45

Basic Stock Data of Munjal Auto Industries Ltd

Market Cap 899 Cr.
Current Price 89.9
High / Low115/35.6
Stock P/E26.5
Book Value 38.8
Dividend Yield2.22 %
ROCE8.71 %
ROE5.96 %
Face Value 2.00

Data Source: screener.in

Competitors of Munjal Auto Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Lumax Auto Technologies Ltd 3,196 Cr. 469499/24529.0 1030.95 %14.8 %15.9 % 2.00
PPAP Automotive Ltd 299 Cr. 214295/148 2090.70 %1.58 %2.02 % 10.0
Pricol Ltd 4,909 Cr. 403444/17438.0 63.00.00 %20.1 %18.3 % 1.00
Omax Autos Ltd 279 Cr. 130130/37.6139 1310.00 %1.67 %7.76 % 10.0
JBM Auto Ltd 26,606 Cr. 2,2502,265/548176 90.10.06 %11.8 %12.9 % 2.00
Industry Average122.2 Cr243.676.4119.220.34%9.99%11.38%5

Munjal Auto Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales655645618436644468374481544477483509545
Expenses634620578418622445355456518459461484509
Operating Profit21244018212320252617212536
OPM %3%4%6%4%3%5%5%5%5%4%4%5%7%
Other Income010112151333107
Interest4443333577777
Depreciation10101091097121314141414
Profit before tax711277101311589-041422
Tax %-2%49%28%14%40%43%5%22%14%-748%36%28%33%
Net Profit762066710458-421015
EPS in Rs0.750.721.730.450.510.740.984.550.77-0.070.360.991.38

Munjal Auto Industries Ltd Quarterly Chart

Munjal Auto Industries Ltd Profit & Loss

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2141,2362,1231,9161,9842,013
Expenses1,1431,1902,0401,8331,8941,913
Operating Profit7145838390100
OPM %6%4%4%4%5%5%
Other Income35556024
Interest41216122729
Depreciation203239365356
Profit before tax49733417040
Tax %23%44%38%27%27%
Net Profit37420305224
EPS in Rs3.600.412.062.685.612.66
Dividend Payout %28%-0%-0%37%36%

Munjal Auto Industries Ltd Profit & Loss Yearly Chart

Munjal Auto Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:17%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:76%
TTM:28%
Stock Price CAGR
10 Years:16%
5 Years:12%
3 Years:13%
1 Year:105%
Return on Equity
10 Years:%
5 Years:%
3 Years:7%
Last Year:6%

Munjal Auto Industries Ltd Balance Sheet

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital202020202020
Reserves277269291317364368
Borrowings47123147116282278
Other Liabilities220383405508602565
Total Liabilities5647968629611,2681,231
Fixed Assets200343303263416415
CWIP2521484
Investments72126118104146
Other Assets332430531576740666
Total Assets5647968629611,2681,231

Munjal Auto Industries Ltd Reserves and Borrowings Chart

Munjal Auto Industries Ltd Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 26875913733
Cash from Investing Activity -15-139-14-9937
Cash from Financing Activity -547-45-50-65
Net Cash Flow6-5-0-136

Munjal Auto Industries Ltd Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4979667480
Inventory Days3036172650
Days Payable60110535876
Cash Conversion Cycle186304155
Working Capital Days109191426
ROCE %5%11%11%9%

Munjal Auto Industries Ltd Financial Efficiency Indicators Chart

Munjal Auto Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%
FIIs0.00%0.00%0.00%0.00%0.01%0.07%0.00%0.02%0.08%0.00%0.05%0.00%
DIIs0.07%0.07%0.07%0.07%0.02%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public25.12%25.12%25.12%25.12%25.16%25.10%25.17%25.15%25.07%25.17%25.12%25.16%
No. of Shareholders40,92939,77041,89841,53640,56940,22140,40140,39639,33539,34938,91938,211

Munjal Auto Industries Ltd Shareholding Pattern Chart

No. of Munjal Auto Industries Ltd Shareholders

This stock is not held by any mutual fund

Munjal Auto Industries Ltd ROCE Trend

Munjal Auto Industries Ltd EPS Trend

Munjal Auto Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)5.612.962.040.373.73
Diluted EPS (Rs.)5.612.962.040.373.73
Cash EPS (Rs.)10.466.545.953.525.76
Book Value[Excl.RevalReserv]/Share (Rs.)39.4435.2032.2230.0630.91
Book Value[Incl.RevalReserv]/Share (Rs.)39.4435.2032.2230.0630.91
Revenue From Operations / Share (Rs.)198.43191.57213.44123.56121.40
PBDIT / Share (Rs.)10.278.828.785.067.32
PBIT / Share (Rs.)4.975.244.881.915.30
PBT / Share (Rs.)7.034.073.320.674.87
Net Profit / Share (Rs.)5.162.962.040.373.73
NP After MI And SOA / Share (Rs.)5.612.682.060.413.60
PBDIT Margin (%)5.174.604.114.096.03
PBIT Margin (%)2.502.732.281.544.36
PBT Margin (%)3.542.121.550.544.01
Net Profit Margin (%)2.601.540.950.303.07
NP After MI And SOA Margin (%)2.821.390.960.332.96
Return on Networth / Equity (%)14.607.936.641.4212.10
Return on Capital Employeed (%)7.8311.6911.014.4015.39
Return On Assets (%)4.402.782.300.516.37
Long Term Debt / Equity (X)0.080.150.250.320.08
Total Debt / Equity (X)0.250.270.290.370.12
Asset Turnover Ratio (%)1.772.052.541.810.00
Current Ratio (X)1.261.291.251.151.25
Quick Ratio (X)0.931.071.060.880.91
Inventory Turnover Ratio (X)9.8424.1724.0612.880.00
Dividend Payout Ratio (NP) (%)0.000.000.00242.6133.36
Dividend Payout Ratio (CP) (%)0.000.000.0028.0721.34
Earning Retention Ratio (%)0.000.000.00-142.6166.64
Cash Earning Retention Ratio (%)0.000.000.0071.9378.66
Interest Coverage Ratio (X)3.797.505.624.2017.11
Interest Coverage Ratio (Post Tax) (X)1.153.522.311.349.72
Enterprise Value (Cr.)458.76508.77622.92364.33565.98
EV / Net Operating Revenue (X)0.230.260.290.290.46
EV / EBITDA (X)4.475.777.097.207.73
MarketCap / Net Operating Revenue (X)0.180.210.250.210.44
Retention Ratios (%)0.000.000.00-142.6166.63
Price / BV (X)0.941.211.730.901.82
Price / Net Operating Revenue (X)0.180.210.250.210.44
EarningsYield0.150.060.030.010.06

Munjal Auto Industries Ltd Profitability Ratios (%)

Munjal Auto Industries Ltd Liquidity Ratios

Munjal Auto Industries Ltd Liquidity Ratios (%)

Munjal Auto Industries Ltd Interest Coverage Ratios (%)

Munjal Auto Industries Ltd Valuation Ratios

Fair Value of Munjal Auto Industries Ltd Stock

Fair Value: ₹62.64

The stock is overvalued by 30.32% compared to the current price ₹89.9

*Investments are subject to market risks

Strength and Weakness of Munjal Auto Industries Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 15.60, which is a positive sign.
  2. The company has higher reserves (314.33 cr) compared to borrowings (165.50 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.33 cr) and profit (40.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 4.46 and average Dividend Yield of 2.68%.
  2. The stock has a low average ROCE of 7.20%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 30.00, 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 Munjal Auto Industries 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