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Munjal Auto Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹67.12Overvalued by 18.94%vs CMP ₹82.80

P/E (19.0) × ROE (10.1%) × BV (₹43.20) × DY (1.21%)

₹72.59Overvalued by 12.33%vs CMP ₹82.80
MoS: -14.1% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 2 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹75.6726%Fair (-8.6%)
Graham NumberEarnings₹68.8718%Over (-16.8%)
DCFCash Flow₹67.7415%Over (-18.2%)
Net Asset ValueAssets₹43.048%Over (-48%)
EV/EBITDAEnterprise₹100.9310%Under (+21.9%)
Earnings YieldEarnings₹48.808%Over (-41.1%)
ROCE CapitalReturns₹75.608%Fair (-8.7%)
Revenue MultipleRevenue₹102.936%Under (+24.3%)
Consensus (8 models)₹72.59100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 12.7%

*Investments are subject to market risks

Analyst Summary

Munjal Auto Industries Ltd operates in the Auto Ancl - Others segment, current market price is ₹82.80, market cap is 831 Cr.. At a glance, stock P/E is 19.0, ROE is 10.1 %, ROCE is 11.8 %, book value is 43.2, dividend yield is 1.21 %. The latest intrinsic value estimate is ₹72.59, around 12.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,066 Cr versus the prior period change of 9.8%, while latest net profit is about ₹39 Cr with a prior-period change of 2.6%. The 52-week range shown on this page is 115/67.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMunjal 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) i…

This summary is generated from the stock page data available for Munjal Auto Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

54
Munjal Auto Industries Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 11.8% AverageROE 10.1% AverageD/E 0.29 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 6% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +12% YoY GrowingProfit (4Q): -11% YoY Declining
Industry Rank50/100 · Moderate
P/E 19.0 vs industry 107.3 Cheaper than peersROCE 11.8% vs industry 15.5% AverageROE 10.1% vs industry 23.0% Below peers3Y sales CAGR: 3% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:38 am

Market Cap 831 Cr.
Current Price 82.8
Intrinsic Value₹72.59
High / Low 115/67.0
Stock P/E19.0
Book Value 43.2
Dividend Yield1.21 %
ROCE11.8 %
ROE10.1 %
Face Value 2.00
PEG Ratio1.49

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Munjal Auto Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Munjal Auto Industries Ltd 831 Cr. 82.8 115/67.019.0 43.21.21 %11.8 %10.1 % 2.00
Automotive Stampings & Assemblies Ltd 817 Cr. 514 656/37428.4 22.80.00 %25.4 %128 % 10.0
Jay Bharat Maruti Ltd 1,005 Cr. 93.4 116/58.112.2 55.30.75 %7.87 %5.61 % 2.00
Bharat Seats Ltd 1,202 Cr. 192 240/73.029.1 32.90.57 %15.6 %18.0 % 2.00
Automobile Corporation of Goa Ltd 1,211 Cr. 1,990 2,349/1,34217.8 4581.26 %20.2 %19.7 % 10.0
Industry Average5,527.35 Cr628.22107.30158.150.67%15.54%23.00%5.59

All Competitor Stocks of Munjal Auto Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 477483509545422406510522522512491584606
Expenses 459461484509396373480492500477463558564
Operating Profit 17212536263430312235282642
OPM % 4%4%5%7%6%8%6%6%4%7%6%5%7%
Other Income 33107-28351125124115
Interest 777776788891010
Depreciation 14141414141414151515151517
Profit before tax -041422-23481021313281320
Tax % 748%36%28%33%-0%25%-2%2%167%18%32%-7%25%
Net Profit -421015-23361020-210191315
EPS in Rs -0.070.360.991.38-1.222.721.171.86-0.220.831.581.121.35

Last Updated: March 3, 2026, 7:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:46 am

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,2141,2362,1231,9161,9841,8822,0662,193
Expenses 1,1431,1902,0401,8331,8941,7611,9492,061
Operating Profit 7145838390120117131
OPM % 6%4%4%4%5%6%6%6%
Other Income 355560241941
Interest 412161227283137
Depreciation 2032393653565963
Profit before tax 497334170614673
Tax % 23%44%38%27%27%38%15%
Net Profit 374203052383958
EPS in Rs 3.600.412.062.685.613.853.644.88
Dividend Payout % 28%0%0%37%36%52%27%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-89.19%400.00%50.00%73.33%-26.92%2.63%
Change in YoY Net Profit Growth (%)0.00%489.19%-350.00%23.33%-100.26%29.55%

Munjal Auto Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:11%
3 Years:3%
TTM:9%
Compounded Profit Growth
10 Years:%
5 Years:57%
3 Years:16%
TTM:-37%
Stock Price CAGR
10 Years:10%
5 Years:9%
3 Years:18%
1 Year:-32%
Return on Equity
10 Years:%
5 Years:9%
3 Years:10%
Last Year:10%

Last Updated: September 5, 2025, 11:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:40 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2020202020202020
Reserves 277269291317364381396412
Borrowings 47123147116282276350395
Other Liabilities 220383405508602527454475
Total Liabilities 5647968629611,2681,2051,2191,302
Fixed Assets 200343303263416399440440
CWIP 25214891827
Investments 72126118104171129105
Other Assets 332430531576740626633729
Total Assets 5647968629611,2681,2051,2191,302

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2687591373312725
Cash from Investing Activity + -15-139-14-9937-77-9
Cash from Financing Activity + -547-45-50-65-53-15
Net Cash Flow 6-5-0-136-31
Free Cash Flow -40-41501285288-39
CFO/OP 53%205%79%174%58%118%24%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow24.00-78.00-64.00-33.00-192.00-156.00-233.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 49796674805453
Inventory Days 30361726505858
Days Payable 601105358766867
Cash Conversion Cycle 1863041554444
Working Capital Days 74125907
ROCE %5%11%11%9%14%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%
FIIs 0.00%0.05%0.00%0.02%0.00%0.01%0.03%0.04%0.07%0.11%0.01%0.03%
DIIs 0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public 25.17%25.12%25.16%25.16%25.16%25.15%25.13%25.13%25.11%25.06%25.16%25.13%
No. of Shareholders 39,34938,91938,21140,13044,28645,33250,87848,93949,04448,07250,06348,805

Shareholding Pattern Chart

No. of Shareholders

Munjal Auto Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 3.643.855.612.962.04
Diluted EPS (Rs.) 3.643.855.612.962.04
Cash EPS (Rs.) 9.849.3710.466.545.95
Book Value[Excl.RevalReserv]/Share (Rs.) 41.5741.0939.4435.2032.22
Book Value[Incl.RevalReserv]/Share (Rs.) 41.5741.0939.4435.2032.22
Revenue From Operations / Share (Rs.) 206.64188.18198.43191.57213.44
PBDIT / Share (Rs.) 14.8415.6410.278.828.78
PBIT / Share (Rs.) 8.9310.074.975.244.88
PBT / Share (Rs.) 4.646.127.034.073.32
Net Profit / Share (Rs.) 3.933.805.162.962.04
NP After MI And SOA / Share (Rs.) 3.643.855.612.682.06
PBDIT Margin (%) 7.188.315.174.604.11
PBIT Margin (%) 4.325.352.502.732.28
PBT Margin (%) 2.243.253.542.121.55
Net Profit Margin (%) 1.902.022.601.540.95
NP After MI And SOA Margin (%) 1.762.042.821.390.96
Return on Networth / Equity (%) 8.759.5914.607.936.64
Return on Capital Employeed (%) 12.9015.747.8311.6911.01
Return On Assets (%) 2.943.164.402.782.30
Long Term Debt / Equity (X) 0.090.040.080.150.25
Total Debt / Equity (X) 0.370.240.250.270.29
Asset Turnover Ratio (%) 1.681.511.772.052.54
Current Ratio (X) 1.331.321.261.291.25
Quick Ratio (X) 0.900.950.931.071.06
Inventory Turnover Ratio (X) 9.396.259.8424.1724.06
Dividend Payout Ratio (NP) (%) 54.9551.960.000.000.00
Dividend Payout Ratio (CP) (%) 20.9421.220.000.000.00
Earning Retention Ratio (%) 45.0548.040.000.000.00
Cash Earning Retention Ratio (%) 79.0678.780.000.000.00
Interest Coverage Ratio (X) 4.795.683.797.505.62
Interest Coverage Ratio (Post Tax) (X) 2.652.821.153.522.31
Enterprise Value (Cr.) 828.19890.50458.76508.77622.92
EV / Net Operating Revenue (X) 0.400.470.230.260.29
EV / EBITDA (X) 5.585.694.475.777.09
MarketCap / Net Operating Revenue (X) 0.320.420.180.210.25
Retention Ratios (%) 45.0448.030.000.000.00
Price / BV (X) 1.621.980.941.211.73
Price / Net Operating Revenue (X) 0.320.420.180.210.25
EarningsYield 0.050.040.150.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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 Building of ships and boats. Company's Total Operating Revenue is Rs. 1270.52 Cr. and Equity Capital is Rs. 20.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Others187, GIDC Industrial Estate, Waghodia, Vadodra District Gujarat 391760Contact not found
Management
NamePosition Held
Mr. Sudhir Kumar MunjalChairman & Managing Director
Mrs. Anju MunjalWhole Time Director
Mr. Anuj MunjalWhole Time Director
Mr. Atul PatelDirector
Mr. Sunil VakilDirector
Mr. Sameer KheraDirector
Ms. Avi SabavalaDirector

FAQ

What is the intrinsic value of Munjal Auto Industries Ltd and is it undervalued?

As of 10 May 2026, Munjal Auto Industries Ltd's intrinsic value is ₹72.59, which is 12.33% lower than the current market price of ₹82.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.1 %), book value (₹43.2), dividend yield (1.21 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Munjal Auto Industries Ltd?

Munjal Auto Industries Ltd is trading at ₹82.80 as of 10 May 2026, with a FY2026-2027 high of ₹115 and low of ₹67.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹831 Cr..

How does Munjal Auto Industries Ltd's P/E ratio compare to its industry?

Munjal Auto Industries Ltd has a P/E ratio of 19.0, which is below the industry average of 107.30. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Munjal Auto Industries Ltd financially healthy?

Key indicators for Munjal Auto Industries Ltd: ROCE of 11.8 % is moderate. Dividend yield is 1.21 %.

Is Munjal Auto Industries Ltd profitable and how is the profit trend?

Munjal Auto Industries Ltd reported a net profit of ₹39 Cr in Mar 2025 on revenue of ₹2,066 Cr. Compared to ₹30 Cr in Mar 2022, the net profit shows an improving trend.

Does Munjal Auto Industries Ltd pay dividends?

Munjal Auto Industries Ltd has a dividend yield of 1.21 % at the current price of ₹82.80. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:38 am
Author: Getaka|Social: XLinkedIn
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
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