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Last Updated on: 13 June, 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

Basic Stock Data of Munjal Auto Industries Ltd

Last Updated: June 12, 2024, 10:31 pm

Market Cap 860 Cr.
Current Price 86.0
High / Low115/50.5
Stock P/E18.9
Book Value 40.1
Dividend Yield2.28 %
ROCE14.8 %
ROE11.6 %
Face Value 2.00
PEG Ratio0.63

Competitors of Munjal Auto Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shivam Autotech Ltd 495 Cr. 40.549.8/24.8 4.550.00 %2.82 %62.7 % 2.00
LG Balakrishnan & Bros Ltd 3,881 Cr. 1,2361,425/80014.6 5231.29 %22.7 %17.7 % 10.0
Jay Bharat Maruti Ltd 1,176 Cr. 109144/86.137.5 49.60.65 %9.45 %6.01 % 2.00
Lumax Auto Technologies Ltd 3,425 Cr. 503526/33226.3 1160.85 %17.7 %17.9 % 2.00
Sandhar Technologies Ltd 3,316 Cr. 551599/25430.2 1690.45 %12.0 %11.3 % 10.0
Industry Average2,458.60 Cr487.9021.72172.430.65%12.93%23.12%5.20

Munjal Auto Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales645618436644468374481544477483509545422
Expenses620578418622445355456518459461484509396
Operating Profit24401821232025261721253626
OPM %4%6%4%3%5%5%5%5%4%4%5%7%6%
Other Income10112151333107-28
Interest4433335777777
Depreciation10109109712131414141414
Profit before tax11277101311589-041422-23
Tax %49%28%14%40%43%5%22%14%-748%36%28%33%0%
Net Profit62066710458-421015-23
EPS in Rs0.721.730.450.510.740.984.550.77-0.070.360.991.38-1.22

Last Updated: April 10, 2024, 4:15 am

Munjal Auto Industries Ltd Quarterly Chart

Munjal Auto Industries Ltd Profit & Loss

Last Updated: June 2, 2024, 12:23 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2141,2362,1231,9161,9841,958
Expenses1,1431,1902,0401,8331,8941,850
Operating Profit7145838390108
OPM %6%4%4%4%5%6%
Other Income355560-7
Interest41216122729
Depreciation203239365355
Profit before tax49733417017
Tax %23%44%38%27%27%
Net Profit3742030524
EPS in Rs3.600.412.062.685.611.51
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:9%
3 Years:-4%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:4%
3 Years:30%
TTM:111%
Stock Price CAGR
10 Years:9%
5 Years:14%
3 Years:8%
1 Year:57%
Return on Equity
10 Years:%
5 Years:7%
3 Years:9%
Last Year:12%

Last Updated: June 3, 2024, 12:03 am

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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%0.01%0.07%0.00%0.02%0.08%0.00%0.05%0.00%0.02%0.00%
DIIs0.07%0.07%0.02%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public25.12%25.12%25.16%25.10%25.17%25.15%25.07%25.17%25.12%25.16%25.16%25.16%
No. of Shareholders41,89841,53640,56940,22140,40140,39639,33539,34938,91938,21140,13044,286

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)3.855.612.962.040.37
Diluted EPS (Rs.)3.855.612.962.040.37
Cash EPS (Rs.)9.3710.466.545.953.52
Book Value[Excl.RevalReserv]/Share (Rs.)41.0939.4435.2032.2230.06
Book Value[Incl.RevalReserv]/Share (Rs.)41.0939.4435.2032.2230.06
Revenue From Operations / Share (Rs.)188.18198.43191.57213.44123.56
PBDIT / Share (Rs.)15.6410.278.828.785.06
PBIT / Share (Rs.)10.074.975.244.881.91
PBT / Share (Rs.)6.127.034.073.320.67
Net Profit / Share (Rs.)3.805.162.962.040.37
NP After MI And SOA / Share (Rs.)3.855.612.682.060.41
PBDIT Margin (%)8.315.174.604.114.09
PBIT Margin (%)5.352.502.732.281.54
PBT Margin (%)3.253.542.121.550.54
Net Profit Margin (%)2.022.601.540.950.30
NP After MI And SOA Margin (%)2.042.821.390.960.33
Return on Networth / Equity (%)9.5914.607.936.641.42
Return on Capital Employeed (%)15.747.8311.6911.014.40
Return On Assets (%)3.164.402.782.300.51
Long Term Debt / Equity (X)0.040.080.150.250.32
Total Debt / Equity (X)0.240.250.270.290.37
Asset Turnover Ratio (%)1.511.772.052.541.81
Current Ratio (X)1.321.261.291.251.15
Quick Ratio (X)0.950.931.071.060.88
Inventory Turnover Ratio (X)6.259.8424.1724.0612.88
Dividend Payout Ratio (NP) (%)0.000.000.000.00242.61
Dividend Payout Ratio (CP) (%)0.000.000.000.0028.07
Earning Retention Ratio (%)0.000.000.000.00-142.61
Cash Earning Retention Ratio (%)0.000.000.000.0071.93
Interest Coverage Ratio (X)5.683.797.505.624.20
Interest Coverage Ratio (Post Tax) (X)2.821.153.522.311.34
Enterprise Value (Cr.)890.50458.76508.77622.92364.33
EV / Net Operating Revenue (X)0.470.230.260.290.29
EV / EBITDA (X)5.694.475.777.097.20
MarketCap / Net Operating Revenue (X)0.420.180.210.250.21
Retention Ratios (%)0.000.000.000.00-142.61
Price / BV (X)1.980.941.211.730.90
Price / Net Operating Revenue (X)0.420.180.210.250.21
EarningsYield0.040.150.060.030.01

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

Fair Value: 89.92

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: 4.56% compared to the current price 86

Intrinsic Value: 116.71

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: 35.70% compared to the current price ₹86

Last 5 Year EPS CAGR: 29.79%

*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 (1.17 cr) and profit (36.17 cr) over the years.
  1. The stock has a low average ROCE of 7.20%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 30.00, which may not be favorable.

FAQ

What is the latest fair value of Munjal Auto Industries Ltd?

The latest fair value of Munjal Auto Industries Ltd is ₹89.92.

What is the Market Cap of Munjal Auto Industries Ltd?

The Market Cap of Munjal Auto Industries Ltd is 860 Cr..

What is the current Stock Price of Munjal Auto Industries Ltd as on 13 June 2024?

The current stock price of Munjal Auto Industries Ltd as on 13 June 2024 is ₹86.0.

What is the High / Low of Munjal Auto Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Munjal Auto Industries Ltd stocks is 115/50.5.

What is the Stock P/E of Munjal Auto Industries Ltd?

The Stock P/E of Munjal Auto Industries Ltd is 18.9.

What is the Book Value of Munjal Auto Industries Ltd?

The Book Value of Munjal Auto Industries Ltd is 40.1.

What is the Dividend Yield of Munjal Auto Industries Ltd?

The Dividend Yield of Munjal Auto Industries Ltd is 2.28 %.

What is the ROCE of Munjal Auto Industries Ltd?

The ROCE of Munjal Auto Industries Ltd is 14.8 %.

What is the ROE of Munjal Auto Industries Ltd?

The ROE of Munjal Auto Industries Ltd is 11.6 %.

What is the Face Value of Munjal Auto Industries Ltd?

The Face Value of Munjal Auto Industries Ltd is 2.00.

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 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