Munjal Showa Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 16, 2025, 2:57 pm

Market Cap	543 Cr.
Current Price	136
High / Low	193/104
Stock P/E	18.8
Book Value	169
Dividend Yield	3.32 %
ROCE	5.26 %
ROE	4.31 %
Face Value	2.00
PEG Ratio	9.41

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Munjal Showa Ltd

Competitors of Munjal Showa Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Munjal Showa Ltd	543 Cr.	136	193/104	18.8	169	3.32 %	5.26 %	4.31 %	2.00
Gabriel India Ltd	8,719 Cr.	607	690/387	41.2	80.5	0.64 %	26.4 %	19.6 %	1.00
Industry Average	4,631.00 Cr	371.50		30.00	124.75	1.98%	15.83%	11.96%	1.50

All Competitor Stocks of Munjal Showa Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	296.25	317.74	316.41	307.53	298.85	287.87	287.26	303.32	294.29	310.75	317.72	319.08	302.89
Expenses	287.59	314.51	313.40	299.52	282.91	280.82	289.00	299.91	287.55	303.54	322.95	311.34	295.70
Operating Profit	8.66	3.23	3.01	8.01	15.94	7.05	-1.74	3.41	6.74	7.21	-5.23	7.74	7.19
OPM %	2.92%	1.02%	0.95%	2.60%	5.33%	2.45%	-0.61%	1.12%	2.29%	2.32%	-1.65%	2.43%	2.37%
Other Income	1.95	0.05	8.77	-0.11	15.12	11.18	5.98	9.82	6.13	9.18	9.21	3.30	8.59
Interest	0.00	0.01	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01
Depreciation	2.89	2.93	2.85	2.99	3.02	3.02	3.08	3.13	3.05	2.96	3.10	2.99	2.95
Profit before tax	7.72	0.34	8.91	4.90	28.03	15.21	1.16	10.10	9.82	13.43	0.87	8.05	12.82
Tax %	8.68%	8.82%	18.63%	35.92%	24.40%	16.11%	-32.76%	14.46%	20.26%	11.32%	-136.78%	25.71%	30.42%
Net Profit	7.04	0.30	7.26	3.14	21.20	12.76	1.54	8.64	7.82	11.92	2.05	5.98	8.92
EPS in Rs	1.76	0.08	1.82	0.79	5.30	3.19	0.39	2.16	1.96	2.98	0.51	1.50	2.23

Last Updated: May 31, 2025, 8:22 am

Below is a detailed analysis of the quarterly data for Munjal Showa Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 302.89 Cr.. The value appears to be declining and may need further review. It has decreased from 319.08 Cr. (Dec 2024) to 302.89 Cr., marking a decrease of 16.19 Cr..
For Expenses, as of Mar 2025, the value is 295.70 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 311.34 Cr. (Dec 2024) to 295.70 Cr., marking a decrease of 15.64 Cr..
For Operating Profit, as of Mar 2025, the value is 7.19 Cr.. The value appears to be declining and may need further review. It has decreased from 7.74 Cr. (Dec 2024) to 7.19 Cr., marking a decrease of 0.55 Cr..
For OPM %, as of Mar 2025, the value is 2.37%. The value appears to be declining and may need further review. It has decreased from 2.43% (Dec 2024) to 2.37%, marking a decrease of 0.06%.
For Other Income, as of Mar 2025, the value is 8.59 Cr.. The value appears strong and on an upward trend. It has increased from 3.30 Cr. (Dec 2024) to 8.59 Cr., marking an increase of 5.29 Cr..
For Interest, as of Mar 2025, the value is 0.01 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.00 Cr. (Dec 2024) to 0.01 Cr., marking an increase of 0.01 Cr..
For Depreciation, as of Mar 2025, the value is 2.95 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2.99 Cr. (Dec 2024) to 2.95 Cr., marking a decrease of 0.04 Cr..
For Profit before tax, as of Mar 2025, the value is 12.82 Cr.. The value appears strong and on an upward trend. It has increased from 8.05 Cr. (Dec 2024) to 12.82 Cr., marking an increase of 4.77 Cr..
For Tax %, as of Mar 2025, the value is 30.42%. The value appears to be increasing, which may not be favorable. It has increased from 25.71% (Dec 2024) to 30.42%, marking an increase of 4.71%.
For Net Profit, as of Mar 2025, the value is 8.92 Cr.. The value appears strong and on an upward trend. It has increased from 5.98 Cr. (Dec 2024) to 8.92 Cr., marking an increase of 2.94 Cr..
For EPS in Rs, as of Mar 2025, the value is 2.23. The value appears strong and on an upward trend. It has increased from 1.50 (Dec 2024) to 2.23, marking an increase of 0.73.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 4:43 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,595	1,643	1,502	1,460	1,581	1,669	1,288	1,085	1,060	1,241	1,173	1,250
Expenses	1,489	1,516	1,389	1,360	1,468	1,581	1,233	1,061	1,052	1,210	1,157	1,234
Operating Profit	106	127	113	100	113	88	55	24	8	30	16	17
OPM %	7%	8%	8%	7%	7%	5%	4%	2%	1%	2%	1%	1%
Other Income	6	9	5	17	21	23	25	24	18	24	33	30
Interest	3	1	0	0	0	0	1	0	0	0	0	0
Depreciation	28	29	29	29	28	26	20	16	12	12	12	12
Profit before tax	80	106	88	88	105	86	58	31	14	42	36	35
Tax %	13%	29%	30%	31%	26%	27%	27%	17%	12%	24%	15%	18%
Net Profit	70	76	61	61	78	63	43	26	12	32	31	29
EPS in Rs	17.43	18.91	15.29	15.18	19.38	15.65	10.64	6.54	3.04	7.98	7.69	7.22
Dividend Payout %	20%	21%	26%	26%	23%	29%	42%	69%	148%	56%	58%	62%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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:	7%

Compounded Profit Growth
10 Years:	-9%
5 Years:	1%
3 Years:	59%
TTM:	0%

Stock Price CAGR
10 Years:	-2%
5 Years:	8%
3 Years:	11%
1 Year:	-17%

Return on Equity
10 Years:	6%
5 Years:	3%
3 Years:	4%
Last Year:	4%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:40 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8	8	8	8	8	8	8	8	8	8	8	8
Reserves	348	403	445	505	562	603	625	633	629	643	656	666
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	218	202	157	163	224	181	129	160	148	159	146	154
Total Liabilities	574	613	610	676	793	791	761	801	786	811	811	828
Fixed Assets	233	211	197	178	157	143	145	134	125	129	123	118
CWIP	1	2	3	3	1	3	2	1	6	2	0	1
Investments	30	68	82	171	244	243	319	292	307	313	322	349
Other Assets	311	332	328	324	391	402	295	374	349	367	366	361
Total Assets	574	613	610	676	793	791	761	801	786	811	811	828

Below is a detailed analysis of the balance sheet data for Munjal Showa Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 8.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 8.00 Cr..
For Reserves, as of Mar 2025, the value is 666.00 Cr.. The value appears strong and on an upward trend. It has increased from 656.00 Cr. (Mar 2024) to 666.00 Cr., marking an increase of 10.00 Cr..
For Borrowings, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 154.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 146.00 Cr. (Mar 2024) to 154.00 Cr., marking an increase of 8.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 828.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 811.00 Cr. (Mar 2024) to 828.00 Cr., marking an increase of 17.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 118.00 Cr.. The value appears to be declining and may need further review. It has decreased from 123.00 Cr. (Mar 2024) to 118.00 Cr., marking a decrease of 5.00 Cr..
For CWIP, as of Mar 2025, the value is 1.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to 1.00 Cr., marking an increase of 1.00 Cr..
For Investments, as of Mar 2025, the value is 349.00 Cr.. The value appears strong and on an upward trend. It has increased from 322.00 Cr. (Mar 2024) to 349.00 Cr., marking an increase of 27.00 Cr..
For Other Assets, as of Mar 2025, the value is 361.00 Cr.. The value appears to be declining and may need further review. It has decreased from 366.00 Cr. (Mar 2024) to 361.00 Cr., marking a decrease of 5.00 Cr..
For Total Assets, as of Mar 2025, the value is 828.00 Cr.. The value appears strong and on an upward trend. It has increased from 811.00 Cr. (Mar 2024) to 828.00 Cr., marking an increase of 17.00 Cr..

Notably, the Reserves (666.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	55	55	65	83	96	41	66	-18	30	6	11	37
Cash from Investing Activity +	-18	-48	-26	-79	-63	3	-82	43	-5	0	19	-10
Cash from Financing Activity +	-40	-22	-38	-0	-19	-22	-22	-18	-18	-18	-18	-18
Net Cash Flow	-2	-14	1	4	14	23	-39	7	7	-11	12	9

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	106.00	127.00	113.00	100.00	113.00	88.00	55.00	24.00	8.00	30.00	16.00	17.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	33	40	45	48	49	57	44	40	66	59	57	57
Inventory Days	12	15	20	21	21	20	23	28	39	32	28	29
Days Payable	47	51	47	44	46	58	42	39	57	51	49	46
Cash Conversion Cycle	-2	5	18	25	24	18	25	29	49	40	36	40
Working Capital Days	-2	11	22	31	28	23	25	30	49	41	43	44
ROCE %	25%	24%	27%	20%	17%	18%	12%	6%	4%	1%	5%	5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	65.02%	65.02%	65.02%	65.01%	65.01%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%
FIIs	0.83%	0.79%	0.88%	1.25%	1.37%	1.36%	1.26%	1.53%	1.25%	1.27%	1.27%	1.55%
DIIs	0.03%	0.02%	0.02%	0.04%	0.03%	0.03%	0.03%	0.01%	0.01%	0.03%	0.01%	0.01%
Public	34.13%	34.17%	34.08%	33.70%	33.59%	33.59%	33.71%	33.45%	33.72%	33.68%	33.70%	33.42%
No. of Shareholders	23,132	22,636	23,156	23,028	23,368	23,037	22,797	23,304	23,758	24,147	28,868	27,989

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	7.69	7.98	3.04	6.54	10.64
Diluted EPS (Rs.)	7.69	7.98	3.04	6.54	10.64
Cash EPS (Rs.)	10.76	10.92	6.15	10.60	15.73
Book Value[Excl.RevalReserv]/Share (Rs.)	166.08	162.82	159.36	160.36	158.15
Book Value[Incl.RevalReserv]/Share (Rs.)	166.08	162.82	159.36	160.36	158.15
Dividend / Share (Rs.)	4.50	4.50	4.50	4.50	4.50
Revenue From Operations / Share (Rs.)	293.21	310.16	265.01	271.37	322.08
PBDIT / Share (Rs.)	12.47	12.62	6.60	11.97	19.82
PBIT / Share (Rs.)	9.39	9.68	3.48	7.90	14.72
PBT / Share (Rs.)	9.07	10.55	3.47	7.86	14.61
Net Profit / Share (Rs.)	7.69	7.98	3.04	6.54	10.64
PBDIT Margin (%)	4.25	4.06	2.49	4.40	6.15
PBIT Margin (%)	3.20	3.11	1.31	2.91	4.57
PBT Margin (%)	3.09	3.40	1.30	2.89	4.53
Net Profit Margin (%)	2.62	2.57	1.14	2.40	3.30
Return on Networth / Equity (%)	4.63	4.89	1.90	4.07	6.72
Return on Capital Employeed (%)	5.55	5.85	2.15	4.83	9.27
Return On Assets (%)	3.79	3.93	1.54	3.26	5.58
Asset Turnover Ratio (%)	1.45	1.55	1.34	1.39	1.66
Current Ratio (X)	4.15	3.76	3.76	3.68	4.00
Quick Ratio (X)	3.61	3.27	3.23	3.09	3.43
Inventory Turnover Ratio (X)	12.36	13.33	10.21	10.07	12.44
Dividend Payout Ratio (NP) (%)	58.49	56.41	148.12	68.85	42.31
Dividend Payout Ratio (CP) (%)	41.80	41.19	73.14	42.44	28.60
Earning Retention Ratio (%)	41.51	43.59	-48.12	31.15	57.69
Cash Earning Retention Ratio (%)	58.20	58.81	26.86	57.56	71.40
Interest Coverage Ratio (X)	3988.64	1036.68	440.61	324.02	186.35
Interest Coverage Ratio (Post Tax) (X)	2563.51	583.55	203.84	177.98	101.02
Enterprise Value (Cr.)	634.67	333.41	374.22	542.01	235.41
EV / Net Operating Revenue (X)	0.54	0.26	0.35	0.49	0.18
EV / EBITDA (X)	12.73	6.60	14.18	11.33	2.97
MarketCap / Net Operating Revenue (X)	0.55	0.27	0.36	0.50	0.18
Retention Ratios (%)	41.50	43.58	-48.12	31.14	57.68
Price / BV (X)	0.98	0.52	0.61	0.86	0.37
Price / Net Operating Revenue (X)	0.55	0.27	0.36	0.50	0.18
EarningsYield	0.04	0.09	0.03	0.04	0.17

After reviewing the key financial ratios for Munjal Showa Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 7.69. This value is within the healthy range. It has decreased from 7.98 (Mar 23) to 7.69, marking a decrease of 0.29.
For Diluted EPS (Rs.), as of Mar 24, the value is 7.69. This value is within the healthy range. It has decreased from 7.98 (Mar 23) to 7.69, marking a decrease of 0.29.
For Cash EPS (Rs.), as of Mar 24, the value is 10.76. This value is within the healthy range. It has decreased from 10.92 (Mar 23) to 10.76, marking a decrease of 0.16.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 166.08. It has increased from 162.82 (Mar 23) to 166.08, marking an increase of 3.26.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 166.08. It has increased from 162.82 (Mar 23) to 166.08, marking an increase of 3.26.
For Dividend / Share (Rs.), as of Mar 24, the value is 4.50. This value exceeds the healthy maximum of 3. There is no change compared to the previous period (Mar 23) which recorded 4.50.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 293.21. It has decreased from 310.16 (Mar 23) to 293.21, marking a decrease of 16.95.
For PBDIT / Share (Rs.), as of Mar 24, the value is 12.47. This value is within the healthy range. It has decreased from 12.62 (Mar 23) to 12.47, marking a decrease of 0.15.
For PBIT / Share (Rs.), as of Mar 24, the value is 9.39. This value is within the healthy range. It has decreased from 9.68 (Mar 23) to 9.39, marking a decrease of 0.29.
For PBT / Share (Rs.), as of Mar 24, the value is 9.07. This value is within the healthy range. It has decreased from 10.55 (Mar 23) to 9.07, marking a decrease of 1.48.
For Net Profit / Share (Rs.), as of Mar 24, the value is 7.69. This value is within the healthy range. It has decreased from 7.98 (Mar 23) to 7.69, marking a decrease of 0.29.
For PBDIT Margin (%), as of Mar 24, the value is 4.25. This value is below the healthy minimum of 10. It has increased from 4.06 (Mar 23) to 4.25, marking an increase of 0.19.
For PBIT Margin (%), as of Mar 24, the value is 3.20. This value is below the healthy minimum of 10. It has increased from 3.11 (Mar 23) to 3.20, marking an increase of 0.09.
For PBT Margin (%), as of Mar 24, the value is 3.09. This value is below the healthy minimum of 10. It has decreased from 3.40 (Mar 23) to 3.09, marking a decrease of 0.31.
For Net Profit Margin (%), as of Mar 24, the value is 2.62. This value is below the healthy minimum of 5. It has increased from 2.57 (Mar 23) to 2.62, marking an increase of 0.05.
For Return on Networth / Equity (%), as of Mar 24, the value is 4.63. This value is below the healthy minimum of 15. It has decreased from 4.89 (Mar 23) to 4.63, marking a decrease of 0.26.
For Return on Capital Employeed (%), as of Mar 24, the value is 5.55. This value is below the healthy minimum of 10. It has decreased from 5.85 (Mar 23) to 5.55, marking a decrease of 0.30.
For Return On Assets (%), as of Mar 24, the value is 3.79. This value is below the healthy minimum of 5. It has decreased from 3.93 (Mar 23) to 3.79, marking a decrease of 0.14.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.45. It has decreased from 1.55 (Mar 23) to 1.45, marking a decrease of 0.10.
For Current Ratio (X), as of Mar 24, the value is 4.15. This value exceeds the healthy maximum of 3. It has increased from 3.76 (Mar 23) to 4.15, marking an increase of 0.39.
For Quick Ratio (X), as of Mar 24, the value is 3.61. This value exceeds the healthy maximum of 2. It has increased from 3.27 (Mar 23) to 3.61, marking an increase of 0.34.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 12.36. This value exceeds the healthy maximum of 8. It has decreased from 13.33 (Mar 23) to 12.36, marking a decrease of 0.97.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 58.49. This value exceeds the healthy maximum of 50. It has increased from 56.41 (Mar 23) to 58.49, marking an increase of 2.08.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 41.80. This value is within the healthy range. It has increased from 41.19 (Mar 23) to 41.80, marking an increase of 0.61.
For Earning Retention Ratio (%), as of Mar 24, the value is 41.51. This value is within the healthy range. It has decreased from 43.59 (Mar 23) to 41.51, marking a decrease of 2.08.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 58.20. This value is within the healthy range. It has decreased from 58.81 (Mar 23) to 58.20, marking a decrease of 0.61.
For Interest Coverage Ratio (X), as of Mar 24, the value is 3,988.64. This value is within the healthy range. It has increased from 1,036.68 (Mar 23) to 3,988.64, marking an increase of 2,951.96.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2,563.51. This value is within the healthy range. It has increased from 583.55 (Mar 23) to 2,563.51, marking an increase of 1,979.96.
For Enterprise Value (Cr.), as of Mar 24, the value is 634.67. It has increased from 333.41 (Mar 23) to 634.67, marking an increase of 301.26.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.54. This value is below the healthy minimum of 1. It has increased from 0.26 (Mar 23) to 0.54, marking an increase of 0.28.
For EV / EBITDA (X), as of Mar 24, the value is 12.73. This value is within the healthy range. It has increased from 6.60 (Mar 23) to 12.73, marking an increase of 6.13.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.55. This value is below the healthy minimum of 1. It has increased from 0.27 (Mar 23) to 0.55, marking an increase of 0.28.
For Retention Ratios (%), as of Mar 24, the value is 41.50. This value is within the healthy range. It has decreased from 43.58 (Mar 23) to 41.50, marking a decrease of 2.08.
For Price / BV (X), as of Mar 24, the value is 0.98. This value is below the healthy minimum of 1. It has increased from 0.52 (Mar 23) to 0.98, marking an increase of 0.46.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.55. This value is below the healthy minimum of 1. It has increased from 0.27 (Mar 23) to 0.55, marking an increase of 0.28.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.09 (Mar 23) to 0.04, marking a decrease of 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Munjal Showa Ltd as of June 17, 2025 is: 113.19

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.

As of June 17, 2025, Munjal Showa Ltd is Overvalued by 16.77% compared to the current share price 136.00

Intrinsic Value of Munjal Showa Ltd as of June 17, 2025 is: 115.45

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 17, 2025, Munjal Showa Ltd is Overvalued by 15.11% compared to the current share price 136.00

Last 5 Year EPS CAGR: 2.00%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 28.75, which is a positive sign. The company has higher reserves (559.83 cr) compared to borrowings (0.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.00 cr) and profit (64.08 cr) over the years.	The stock has a low average ROCE of 13.67%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 25.58, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Munjal Showa Ltd:
1. Net Profit Margin: 2.62%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 5.55% (Industry Average ROCE: 15.83%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 4.63% (Industry Average ROE: 11.96%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2563.51
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 3.61
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 18.8 (Industry average Stock P/E: 30)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Shock Absorber	9-11, Maruti Industrial Area, Sector-18, Gurgaon Haryana 122015	cs@munjalshowa.net http://www.munjalshowa.net

Management
Name	Position Held
Mr. Yogesh Chander Munjal	Chairman & Managing Director
Mr. Hitoshi Fukagawa	Joint Managing Director
Ms. Neetika Batra	Director
Mr. Ashok Kumar Munjal	Director
Mr. Kazuhiro Nishioka	Director
Mrs. Kavita Venugopal	Director

FAQ

What is the intrinsic value of Munjal Showa Ltd?

Munjal Showa Ltd's intrinsic value (as of 16 June 2025) is ₹113.19 — 16.77% lower the current market price of 136.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 543 Cr. market cap, FY2025-2026 high/low of ₹193/104, reserves of 666 Cr, and liabilities of 828 Cr.

What is the Market Cap of Munjal Showa Ltd?

The Market Cap of Munjal Showa Ltd is 543 Cr..

What is the current Stock Price of Munjal Showa Ltd as on 16 June 2025?

The current stock price of Munjal Showa Ltd as on 16 June 2025 is 136.

What is the High / Low of Munjal Showa Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Munjal Showa Ltd stocks is ₹193/104.

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

The Stock P/E of Munjal Showa Ltd is 18.8.

What is the Book Value of Munjal Showa Ltd?

The Book Value of Munjal Showa Ltd is 169.

What is the Dividend Yield of Munjal Showa Ltd?

The Dividend Yield of Munjal Showa Ltd is 3.32 %.

What is the ROCE of Munjal Showa Ltd?

The ROCE of Munjal Showa Ltd is 5.26 %.

What is the ROE of Munjal Showa Ltd?

The ROE of Munjal Showa Ltd is 4.31 %.

What is the Face Value of Munjal Showa Ltd?

The Face Value of Munjal Showa Ltd is 2.00.