Menon Pistons (MENNPIS) had a P/E of 13.2× on 6 Nov 2026, below the industry P/E of 25.6×, and the shares are 21% below their 52-week high. It earns ROCE of 20% and ROE of 16%, and sales and net profit grew 6.4% and 3.1% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹344 Cr, ranked 91st of 140 Auto Parts companies by market cap; the shares fell 5.8% over the past year.
- ₹69.02
- ₹69.02
- ₹65.57
- ₹69.02
- 21.6K
Health check
- ReturnsBehind
−5.8% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 13.2 vs industry 25.6.
- GrowthSlow
Sales +6.4%, profit +3.1% a year over 3 years.
- ProfitabilityStrong
ROCE 20.3% vs peer median 15.6%.
- Balance sheetSolid
Debt 0.08× equity, interest covered 15.3×.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹344 Cr
- Small cap
- P/E
- 13.2
- Industry 25.6
- Price to book
- 1.81
- Peers 8.75
- Dividend yield
- 0.00%
- ROE
- 15.6%
- Peers 12.3%
- ROCE
- 20.3%
- Peers 15.6%
- Debt to equity
- 0.08
- Debt ₹14 Cr
- EPS (TTM)
- ₹5.10
- Face value ₹1
- OPM (TTM)
- 15.6%
- Net margin 8.6%
- Sales growth
- +3.7%
- Latest quarter vs a year ago
- Profit growth
- +6.0%
- Latest quarter vs a year ago
- Price to sales
- 1.06
- EV/EBITDA 6.8
Strengths and risks
Strengths
- Return on capital employed of 20.3%.
- Practically debt-free.
- P/E of 13.2 against an industry P/E of 25.6.
- Positive operating cash flow in each of the last 4 years.
About Menon Pistons
Menon Pistons Limited manufactures and sells auto components in India. It offers powertrain parts, including piston rings, plain cast aluminium pistons, cast iron pistons articulated pistons, FCD/ductile iron pistons, single and double alfin pistons, oil-cooled gallery pistons, single piece forged steel pistons, friction welded steel pistons and gudgeon pins; and engine valvetrain parts, such as rocker arms, rocker levers, rocker arm shafts, precision…
- Headquarters
- Kolhapur
- Employees
- 271
- Sector
- Consumer Cyclical
- ISIN
- INE650G01029
- Website
- menonindia.in
Price range
- Avg volume (3M)
- 47.8K
- 1-year return
- minus 5.8%
- From 52-week high
- minus 21.4%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| MENNPISMenon Pistons | 67.40 | minus 2.35% | 344 | 13.2 | 1.81 | – | 15.6% | 15.6% | – | – | 0.00% | minus 5.8% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 80.3 | 74.5 | 76.1 | 73.2 | 83.3 | |
| 66.8 | 61.9 | 63.6 | 64.9 | 68.9 | |
| 13.5 | 12.6 | 12.5 | 8.3 | 14.4 | |
| 16.8% | 16.9% | 16.5% | 11.3% | 17.3% | |
| 0.7 | 0.8 | 0.5 | 1.2 | 0.5 | |
| 1 | 1 | 0.8 | 0.8 | 0.7 | |
| 2.7 | 2.8 | 3 | 3.3 | 3.3 | |
| – | – | −0.3 | −0 | – | |
| 10.4 | 9.5 | 9.1 | 5.4 | 10.9 | |
| 25.6% | 27.2% | 29.2% | 18.0% | 24.4% | |
| 7.8 | 6.9 | 6.4 | 4.4 | 8.2 |
Profit & loss
- Sales CAGR 3Y
- +6.4%
- Profit CAGR 3Y
- +3.1%
- ROE
- 15.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 244 | 251 | 246 | 294 | |
| – | +3.2% | minus 2.1% | +19.3% | |
| 200 | 203 | 201 | 247 | |
| 43.8 | 47.9 | 44.9 | 47.1 | |
| 18.0% | 19.1% | 18.3% | 16.0% | |
| 1 | −0 | 1.2 | 2.6 | |
| 2.7 | 3.7 | 3.6 | 3.1 | |
| 9.9 | 9.6 | 10.6 | 11.8 | |
| 3.1 | 0 | −0 | −0.3 | |
| 35.2 | 34.6 | 31.8 | 34.5 | |
| 33.7% | 23.5% | 25.1% | 25.8% | |
| 23.3 | 26.5 | 23.8 | 25.6 | |
| – | +13.3% | minus 9.8% | +7.3% |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.1 | 5.1 | 5.1 | 5.1 | |
| 113 | 134 | 152 | 173 | |
| 11.9 | 20.6 | 16.9 | 4.9 | |
| 44.9 | 43.1 | 41.4 | 49.4 | |
| 174 | 203 | 215 | 232 | |
| 58.8 | 86.2 | 87.6 | 114 | |
| 0 | 0.1 | 0 | 4 | |
| 2.8 | 0.7 | 2.2 | 3.4 | |
| 6.1 | 2.5 | 9.5 | 9 | |
| 107 | 113 | 116 | 101 | |
| 174 | 203 | 215 | 232 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 48.7 | 24.3 | 38.9 | 51 | |
| −24.2 | −22.2 | −24.7 | −30.4 | |
| −25.3 | −0.5 | −13.7 | −20.6 | |
| −0.9 | 1.6 | 0.4 | −0 | |
| −18.2 | −30 | −18.6 | −31.8 | |
| 30.5 | −5.7 | 20.3 | 19.2 | |
| −3.8 | −5.1 | −5.1 | −5.1 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.