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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Munjal Showa Ltd

About the Company - Munjal Showa Ltd

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. 1059.95 Cr. and Equity Capital is Rs. 8.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Shock Absorber9-11, Maruti Industrial Area, Gurgaon Haryana 122015cs@munjalshowa.net
http://www.munjalshowa.net
Management
NamePosition Held
Mr. Yogesh Chander MunjalChairman & Managing Director
Mr. Yasuhiro AshikiJoint Managing Director
Mrs. Charu MunjalDirector
Mr. Devi SinghDirector
Mr. Nand Lal DhamejaDirector
Mr. Vinod Kumar AgrawalDirector
Mr. Ashok Kumar MunjalDirector
Mr. Kazuhiro NishiokaDirector
Mrs. Kavita VenugopalDirector

Basic Stock Data of Munjal Showa Ltd

Last Updated: June 21, 2024, 10:40 pm

Market Cap 645 Cr.
Current Price 161
High / Low212/122
Stock P/E20.3
Book Value 166
Dividend Yield2.79 %
ROCE5.71 %
ROE4.84 %
Face Value 2.00
PEG Ratio27.40

Competitors of Munjal Showa Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Munjal Showa Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales348.38316.47196.58301.14265.97296.25317.74316.41307.53298.85287.87287.26303.32
Expenses329.58309.23201.61296.90265.63287.59314.51313.40299.52282.91280.82289.00299.91
Operating Profit18.807.24-5.034.240.348.663.233.018.0115.947.05-1.743.41
OPM %5.40%2.29%-2.56%1.41%0.13%2.92%1.02%0.95%2.60%5.33%2.45%-0.61%1.12%
Other Income7.453.675.476.803.951.950.058.77-0.1115.1211.185.989.82
Interest0.000.010.020.000.030.000.010.020.010.010.000.000.00
Depreciation4.383.693.223.253.092.892.932.852.993.023.023.083.13
Profit before tax21.877.21-2.807.791.177.720.348.914.9028.0315.211.1610.10
Tax %21.03%19.14%20.71%18.36%17.09%8.68%8.82%18.63%35.92%24.40%16.11%-32.76%14.46%
Net Profit17.275.82-2.236.370.977.040.307.263.1421.2012.761.548.64
EPS in Rs4.321.46-0.561.590.241.760.081.820.795.303.190.392.16

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

Munjal Showa Ltd Quarterly Chart

Munjal Showa Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5531,5781,5951,6431,5021,4601,5811,6691,2881,0851,0601,2411,177
Expenses1,4311,4711,4891,5161,3891,3601,4681,5811,2331,0611,0521,2101,153
Operating Profit12210710612711310011388552483025
OPM %8%7%7%8%8%7%7%5%4%2%1%2%2%
Other Income3-46951721232524182442
Interest11731000010000
Depreciation27282829292928262016121212
Profit before tax8668801068888105865831144254
Tax %22%11%13%29%30%31%26%27%27%17%12%24%
Net Profit67617076616178634326123244
EPS in Rs16.7815.1717.4318.9115.2915.1819.3815.6510.646.543.047.9811.04
Dividend Payout %18%20%20%21%26%26%23%29%42%69%148%56%

Munjal Showa Ltd Profit & Loss Yearly Chart

Munjal Showa Ltd Growth

Compounded Sales Growth
10 Years:-2%
5 Years:-5%
3 Years:-1%
TTM:-5%
Compounded Profit Growth
10 Years:-10%
5 Years:-21%
3 Years:-6%
TTM:59%
Stock Price CAGR
10 Years:6%
5 Years:1%
3 Years:5%
1 Year:65%
Return on Equity
10 Years:9%
5 Years:4%
3 Years:3%
Last Year:3%

Last Updated: May 2, 2024, 5:31 am

Munjal Showa Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8888888888888
Reserves248295348403445505562603625633629643640
Borrowings732100000000000
Other Liabilities213208218202157163224181129160148159173
Total Liabilities542532574613610676793791761801786811820
Fixed Assets245246233211197178157143145134125129127
CWIP11712331321620
Investments320306882171244243319292307313320
Other Assets283259311332328324391402295374349367372
Total Assets542532574613610676793791761801786811820

Munjal Showa Ltd Reserves and Borrowings Chart

Munjal Showa Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6111655556583964166-18306
Cash from Investing Activity -25-31-18-48-26-79-633-8243-50
Cash from Financing Activity -35-72-40-22-38-0-19-22-22-18-18-18
Net Cash Flow213-2-14141423-3977-11

Munjal Showa Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days334045484957444066595757
Inventory Days121520212120232839322829
Days Payable475147444658423957514946
Cash Conversion Cycle-2518252418252949403640
Working Capital Days-211223128232530494143127
ROCE %25%24%27%20%17%18%12%6%4%1%5%

Munjal Showa Ltd Financial Efficiency Indicators Chart

Munjal Showa Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters65.02%65.02%65.02%65.02%65.02%65.02%65.01%65.01%65.02%65.02%65.02%65.02%
FIIs0.39%0.39%0.48%0.83%0.79%0.88%1.25%1.37%1.36%1.26%1.53%1.25%
DIIs0.02%0.02%0.02%0.03%0.02%0.02%0.04%0.03%0.03%0.03%0.01%0.01%
Public34.57%34.57%34.48%34.13%34.17%34.08%33.70%33.59%33.59%33.71%33.45%33.72%
No. of Shareholders22,04820,74122,14623,13222,63623,15623,02823,36823,03722,79723,30423,758

Munjal Showa Ltd Shareholding Pattern Chart

No. of Munjal Showa Ltd Shareholders

This stock is not held by any mutual fund

Munjal Showa Ltd ROCE Trend

Munjal Showa Ltd EPS Trend

Munjal Showa Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)7.697.983.046.5410.64
Diluted EPS (Rs.)7.697.983.046.5410.64
Cash EPS (Rs.)10.7610.926.1510.6015.73
Book Value[Excl.RevalReserv]/Share (Rs.)166.08162.82159.36160.36158.15
Book Value[Incl.RevalReserv]/Share (Rs.)166.08162.82159.36160.36158.15
Dividend / Share (Rs.)4.504.504.504.504.50
Revenue From Operations / Share (Rs.)293.21310.16265.01271.37322.08
PBDIT / Share (Rs.)12.4712.626.6011.9719.82
PBIT / Share (Rs.)9.399.683.487.9014.72
PBT / Share (Rs.)9.0710.553.477.8614.61
Net Profit / Share (Rs.)7.697.983.046.5410.64
PBDIT Margin (%)4.254.062.494.406.15
PBIT Margin (%)3.203.111.312.914.57
PBT Margin (%)3.093.401.302.894.53
Net Profit Margin (%)2.622.571.142.403.30
Return on Networth / Equity (%)4.634.891.904.076.72
Return on Capital Employeed (%)5.555.852.154.839.27
Return On Assets (%)3.793.931.543.265.58
Asset Turnover Ratio (%)1.451.551.341.391.66
Current Ratio (X)4.153.763.763.684.00
Quick Ratio (X)3.613.273.233.093.43
Inventory Turnover Ratio (X)12.3613.3310.2110.0712.44
Dividend Payout Ratio (NP) (%)0.0056.41148.1268.8542.31
Dividend Payout Ratio (CP) (%)0.0041.1973.1442.4428.60
Earning Retention Ratio (%)0.0043.59-48.1231.1557.69
Cash Earning Retention Ratio (%)0.0058.8126.8657.5671.40
Interest Coverage Ratio (X)3988.641036.68440.61324.02186.35
Interest Coverage Ratio (Post Tax) (X)2563.51583.55203.84177.98101.02
Enterprise Value (Cr.)634.67333.41374.22542.01235.41
EV / Net Operating Revenue (X)0.540.260.350.490.18
EV / EBITDA (X)12.736.6014.1811.332.97
MarketCap / Net Operating Revenue (X)0.550.270.360.500.18
Retention Ratios (%)0.0043.58-48.1231.1457.68
Price / BV (X)0.980.520.610.860.37
Price / Net Operating Revenue (X)0.550.270.360.500.18
EarningsYield0.040.090.030.040.17

Munjal Showa Ltd Profitability Ratios (%)

Munjal Showa Ltd Liquidity Ratios

Munjal Showa Ltd Liquidity Ratios (%)

Munjal Showa Ltd Interest Coverage Ratios (%)

Munjal Showa Ltd Valuation Ratios

Fair Value

Fair Value: 167.65

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: 4.13% compared to the current price 161

Intrinsic Value: 168.89

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: 4.90% compared to the current price ₹161

Last 5 Year EPS CAGR: 0.74%

*Investments are subject to market risks

Strength and Weakness of Munjal Showa Ltd Stock

StrengthWeakness
  1. The company has higher reserves (506.08 cr) compared to borrowings (7.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.00 cr) and profit (69.69 cr) over the years.
  1. The stock has a low average ROCE of 13.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 35.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 25.58, which may not be favorable.

FAQ

What is the latest fair value of Munjal Showa Ltd?

The latest fair value of Munjal Showa Ltd is ₹167.65.

What is the Market Cap of Munjal Showa Ltd?

The Market Cap of Munjal Showa Ltd is 645 Cr..

What is the current Stock Price of Munjal Showa Ltd as on 23 June 2024?

The current stock price of Munjal Showa Ltd as on 23 June 2024 is ₹161.

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

In FY 2024, the High / Low of Munjal Showa Ltd stocks is 212/122.

What is the Stock P/E of Munjal Showa Ltd?

The Stock P/E of Munjal Showa Ltd is 20.3.

What is the Book Value of Munjal Showa Ltd?

The Book Value of Munjal Showa Ltd is 166.

What is the Dividend Yield of Munjal Showa Ltd?

The Dividend Yield of Munjal Showa Ltd is 2.79 %.

What is the ROCE of Munjal Showa Ltd?

The ROCE of Munjal Showa Ltd is 5.71 %.

What is the ROE of Munjal Showa Ltd?

The ROE of Munjal Showa Ltd is 4.84 %.

What is the Face Value of Munjal Showa Ltd?

The Face Value of Munjal Showa 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 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