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Last Updated: April 2, 2026, 3:22 am
Author: Getaka|Social: XLinkedIn

Munjal Showa Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹13.80Overvalued by 88.00%vs CMP ₹115.00

P/E (14.2) × ROE (0.7%) × BV (₹167.00) × DY (3.90%)

₹118.78Fairly Valued by 3.29%vs CMP ₹115.00
MoS: +3.2% (Thin)Confidence: 48/100 (Moderate)Models: 5 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹16.6221%Over (-85.5%)
Graham NumberEarnings₹170.2115%Under (+48%)
Earnings PowerEarnings₹63.9613%Over (-44.4%)
DCFCash Flow₹189.3210%Under (+64.6%)
Net Asset ValueAssets₹166.037%Under (+44.4%)
EV/EBITDAEnterprise₹72.198%Over (-37.2%)
Dividend DiscountDividends₹247.508%Under (+115.2%)
Earnings YieldEarnings₹77.107%Over (-33%)
ROCE CapitalReturns₹66.837%Over (-41.9%)
Revenue MultipleRevenue₹311.155%Under (+170.6%)
Consensus (10 models)₹118.78100%Fairly Valued
Key Drivers: ROE 0.7% is below cost of equity. | Wide model spread (₹17–₹311) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 20.5%

*Investments are subject to market risks

Investment Snapshot

53
Munjal Showa Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 0.3% WeakROE 0.7% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -2.03% (6mo) SellingPromoter holding at 65.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 1% SteadyWorking capital: 34 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): +11% YoY Positive
Industry Rank40/100 · Moderate
P/E 14.2 vs industry 32.4 Cheaper than peersROCE 0.3% vs industry 13.2% Below peersROE 0.7% vs industry 10.1% Below peers3Y sales CAGR: 6% 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: April 2, 2026, 3:22 am

Market Cap 462 Cr.
Current Price 115
Intrinsic Value₹118.78
High / Low 163/104
Stock P/E14.2
Book Value 167
Dividend Yield3.90 %
ROCE0.27 %
ROE0.70 %
Face Value 2.00
PEG Ratio0.69

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

View Share Price Target for Munjal Showa Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Munjal Showa Ltd 462 Cr. 115 163/10414.2 1673.90 %0.27 %0.70 % 2.00
Gabriel India Ltd 12,442 Cr. 866 1,388/46550.5 86.00.54 %26.1 %19.4 % 1.00
Industry Average6,452.00 Cr490.5032.35126.502.22%13.19%10.05%1.50

All Competitor Stocks of Munjal Showa Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 308299288287303294311318319303286333350
Expenses 300283281289300288304323311296284329337
Operating Profit 8167-2377-5872312
OPM % 3%5%2%-1%1%2%2%-2%2%2%1%1%4%
Other Income -01511610699391135
Interest 0000000000000
Depreciation 3333333333333
Profit before tax 528151101013181310415
Tax % 36%24%16%-33%14%20%11%-137%26%30%16%31%26%
Net Profit 32113298122698311
EPS in Rs 0.795.303.190.392.161.962.980.511.502.232.070.682.73

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,5951,6431,5021,4601,5811,6691,2881,0851,0601,2411,1731,2501,271
Expenses 1,4891,5161,3891,3601,4681,5811,2331,0611,0521,2101,1571,2331,247
Operating Profit 106127113100113885524830161724
OPM % 7%8%8%7%7%5%4%2%1%2%1%1%2%
Other Income 69517212325241824333028
Interest 3100001000000
Depreciation 28292929282620161212121211
Profit before tax 8010688881058658311442363541
Tax % 13%29%30%31%26%27%27%17%12%24%15%18%
Net Profit 70766161786343261232312931
EPS in Rs 17.4318.9115.2915.1819.3815.6510.646.543.047.987.697.227.71
Dividend Payout % 20%21%26%26%23%29%42%69%148%56%58%62%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)8.57%-19.74%0.00%27.87%-19.23%-31.75%-39.53%-53.85%166.67%-3.12%-6.45%
Change in YoY Net Profit Growth (%)0.00%-28.31%19.74%27.87%-47.10%-12.52%-7.79%-14.31%220.51%-169.79%-3.33%

Munjal Showa Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:-1%
3 Years:6%
TTM:3%
Compounded Profit Growth
10 Years:-24%
5 Years:-30%
3 Years:-13%
TTM:-19%
Stock Price CAGR
10 Years:-2%
5 Years:0%
3 Years:9%
1 Year:-25%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:3%
Last Year:1%

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

Balance Sheet

Last Updated: February 1, 2026, 1:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8888888888888
Reserves 348403445505562603625633629643656666659
Borrowings 0000000000000
Other Liabilities 218202157163224181129160148159146154178
Total Liabilities 574613610676793791761801786811811828845
Fixed Assets 233211197178157143145134125129123118114
CWIP 1233132162010
Investments 306882171244243319292307313322349325
Other Assets 311332328324391402295374349367366361405
Total Assets 574613610676793791761801786811811828845

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 55556583964166-183061137
Cash from Investing Activity + -18-48-26-79-633-8243-5019-10
Cash from Financing Activity + -40-22-38-0-19-22-22-18-18-18-18-18
Net Cash Flow -2-14141423-3977-11129
Free Cash Flow 42404875902746-2322-6831
CFO/OP 70%66%91%118%112%85%152%-44%439%33%125%270%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow106.00127.00113.00100.00113.0088.0055.0024.008.0030.0016.0017.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 404548495744406659575749
Inventory Days 152021212023283932282929
Days Payable 514744465842395751494645
Cash Conversion Cycle 51825241825294940364033
Working Capital Days 112231282325304941434434
ROCE %24%27%20%17%18%12%6%4%1%5%5%0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 65.02%65.02%65.02%65.02%65.02%65.02%65.02%65.02%65.02%65.02%65.02%65.02%
FIIs 1.26%1.53%1.25%1.27%1.27%1.55%1.83%1.80%2.20%1.51%1.38%0.17%
DIIs 0.03%0.01%0.01%0.04%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 33.71%33.45%33.72%33.68%33.70%33.42%33.15%33.17%32.77%33.47%33.59%34.80%
No. of Shareholders 22,79723,30423,75824,14728,86827,98932,41631,32930,85630,58130,96930,699

Shareholding Pattern Chart

No. of Shareholders

Munjal Showa 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.) 7.227.697.983.046.54
Diluted EPS (Rs.) 7.227.697.983.046.54
Cash EPS (Rs.) 10.2210.7610.926.1510.60
Book Value[Excl.RevalReserv]/Share (Rs.) 168.63166.08162.82159.36160.36
Book Value[Incl.RevalReserv]/Share (Rs.) 168.63166.08162.82159.36160.36
Dividend / Share (Rs.) 4.504.504.504.504.50
Revenue From Operations / Share (Rs.) 312.64293.21310.16265.01271.37
PBDIT / Share (Rs.) 11.8012.4712.626.6011.97
PBIT / Share (Rs.) 8.809.399.683.487.90
PBT / Share (Rs.) 8.799.0710.553.477.86
Net Profit / Share (Rs.) 7.227.697.983.046.54
PBDIT Margin (%) 3.774.254.062.494.40
PBIT Margin (%) 2.813.203.111.312.91
PBT Margin (%) 2.813.093.401.302.89
Net Profit Margin (%) 2.302.622.571.142.40
Return on Networth / Equity (%) 4.284.634.891.904.07
Return on Capital Employeed (%) 5.135.555.852.154.83
Return On Assets (%) 3.483.793.931.543.26
Asset Turnover Ratio (%) 1.531.451.551.341.39
Current Ratio (X) 4.254.153.763.763.68
Quick Ratio (X) 3.713.613.273.233.09
Inventory Turnover Ratio (X) 16.6612.3613.3310.2110.07
Dividend Payout Ratio (NP) (%) 0.0058.4956.41148.1268.85
Dividend Payout Ratio (CP) (%) 0.0041.8041.1973.1442.44
Earning Retention Ratio (%) 0.0041.5143.59-48.1231.15
Cash Earning Retention Ratio (%) 0.0058.2058.8126.8657.56
Interest Coverage Ratio (X) 2727.693988.641036.68440.61324.02
Interest Coverage Ratio (Post Tax) (X) 1669.772563.51583.55203.84177.98
Enterprise Value (Cr.) 410.24634.67333.41374.22542.01
EV / Net Operating Revenue (X) 0.320.540.260.350.49
EV / EBITDA (X) 8.6912.736.6014.1811.33
MarketCap / Net Operating Revenue (X) 0.340.550.270.360.50
Retention Ratios (%) 0.0041.5043.58-48.1231.14
Price / BV (X) 0.640.980.520.610.86
Price / Net Operating Revenue (X) 0.340.550.270.360.50
EarningsYield 0.060.040.090.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Munjal Showa Ltd. is a Public Limited Listed company incorporated on 16/05/1985 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L34101HR1985PLC020934 and registration number is 020934. 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. 1250.45 Cr. and Equity Capital is Rs. 8.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Shock Absorber9-11, Maruti Industrial Area, Sector-18, Gurgaon Haryana 122015Contact not found
Management
NamePosition Held
Mr. Yogesh Chander MunjalChairman & Managing Director
Mr. Hitoshi FukagawaJoint Managing Director
Dr. Neetika BatraDirector
Mr. Ashok Kumar MunjalDirector
Mr. Neeraj MunjalDirector
Mrs. Kavita VenugopalDirector
Mr. Katsumata TetsuyaDirector
Mr. Abhaya ShankarDirector

FAQ

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

As of 19 April 2026, Munjal Showa Ltd's intrinsic value is ₹118.78, which is 3.29% higher than the current market price of ₹115.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (0.70 %), book value (₹167), dividend yield (3.90 %), and 5-year EPS CAGR.

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

Munjal Showa Ltd is trading at ₹115.00 as of 19 April 2026, with a FY2026-2027 high of ₹163 and low of ₹104. The stock is currently near its 52-week low. Market cap stands at ₹462 Cr..

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

Munjal Showa Ltd has a P/E ratio of 14.2, which is below the industry average of 32.35. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Munjal Showa Ltd financially healthy?

Key indicators for Munjal Showa Ltd: ROCE of 0.27 % is on the lower side compared to the industry average of 13.19%; ROE of 0.70 % is below ideal levels (industry average: 10.05%). Dividend yield is 3.90 %.

Is Munjal Showa Ltd profitable and how is the profit trend?

Munjal Showa Ltd reported a net profit of ₹29 Cr in Mar 2025 on revenue of ₹1,250 Cr. Compared to ₹12 Cr in Mar 2022, the net profit shows an improving trend.

Does Munjal Showa Ltd pay dividends?

Munjal Showa Ltd has a dividend yield of 3.90 % at the current price of ₹115.00. This is a relatively attractive yield for income-seeking investors.

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 Showa 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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