On 6 Nov 2026, Munjal Auto Industries was priced at ₹102.03, or 20.3× trailing earnings, against an industry P/E of 25.6×, and the shares are 22% below their 52-week high. Sales grew 4.3% a year over 3 years while net profit fell 11%; its ROCE of 13% is the second-lowest among the 7 largest Auto Parts peers. Debt is 0.91× equity, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹1,020 Cr, ranked 74th of 140 Auto Parts companies by market cap; the shares rose 13% over the past year.
- ₹101.51
- ₹102.75
- ₹100.66
- ₹102.78
- 1.6 L
Health check
- ReturnsIn line
+13.3% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 20.3 vs industry 25.6.
- GrowthSlow
Sales +4.3%, profit −10.5% a year over 3 years.
- ProfitabilityAverage
ROCE 13.1% vs peer median 15.6%.
- Balance sheetStretched
Debt 0.91× equity, interest covered 3.0×, Piotroski 2 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,020 Cr
- Small cap
- P/E
- 20.3
- Industry 25.6
- Price to book
- 2.28
- Peers 8.75
- Dividend yield
- 0.97%
- ROE
- 9.3%
- Peers 12.3%
- ROCE
- 13.1%
- Peers 15.6%
- Debt to equity
- 0.91
- Debt ₹423 Cr
- EPS (TTM)
- ₹5.02
- Face value ₹2
- OPM (TTM)
- 5.2%
- Net margin 2.0%
- Sales growth
- +42.4%
- Latest quarter vs a year ago
- Profit growth
- +63.2%
- Latest quarter vs a year ago
- Price to sales
- 0.41
- EV/EBITDA 12.8
Strengths and risks
Strengths
- Quarterly profit up 63.2% on a year ago.
- Quarterly sales up 42.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Munjal Auto Industries
Munjal Auto Industries Limited manufactures and sells auto components for motor vehicles in India. It operates through Auto Components and Composite Products & Moulds segments. The company offers cross bars, exhaust systems, steel and spoke wheel rim, and accessories; and complete assembly including BIW parts, B&C pillars, cross car beam, battery tray, control arm, and tie end bars, as well as accelerator, brake, and clutch. It also provides fuel tank and…
- Headquarters
- Gurugram
- Employees
- 861
- Sector
- Consumer Cyclical
- ISIN
- INE672B01032
- Website
- munjalauto.com
Price range
- Avg volume (3M)
- 18.3 L
- 1-year return
- plus 13.3%
- From 52-week high
- minus 21.9%
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% | 0.30% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 63.3 | 10.07 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.51% | 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% | 0.39% | 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% | 0.98% | 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% | 21.3% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| MUNJALAUMunjal Auto Industries | 102.03 | minus 0.73% | 1,020 | 20.3 | 2.28 | 13.1% | 9.3% | 3.6% | 4.3% | −10.5% | 0.97% | plus 13.3% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.39% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 491 | 584 | 606 | 614 | 699 | |
| 463 | 558 | 564 | 596 | 655 | |
| 28.4 | 26.4 | 42 | 18.7 | 44 | |
| 5.8% | 4.5% | 6.9% | 3.0% | 6.3% | |
| 12.8 | 11.3 | 6.5 | 12 | 20.4 | |
| 8.5 | 9.7 | 10.4 | 10 | 10.4 | |
| 15.1 | 15.4 | 17 | 17.9 | 18.8 | |
| 10.8 | – | −1.6 | −0.3 | – | |
| 28.4 | 12.6 | 19.6 | 2.4 | 35.2 | |
| 32.0% | −6.9% | 25.3% | 151.5% | 19.0% | |
| 15.8 | 11.2 | 13.5 | −0.3 | 25.8 | |
| 1.58 | 1.12 | 1.35 | -0.03 | 2.58 |
Profit & loss
- Sales CAGR 3Y
- +4.3%
- Profit CAGR 3Y
- −10.5%
- EPS CAGR 3Y
- −10.5%
- ROE
- 9.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,968 | 1,868 | 2,046 | 2,233 | |
| – | minus 5.1% | +9.5% | +9.1% | |
| 1,876 | 1,747 | 1,952 | 2,079 | |
| 92.1 | 121 | 94.7 | 154 | |
| 4.7% | 6.5% | 4.6% | 6.9% | |
| −0.2 | 0.8 | 4.3 | 8.4 | |
| 22.2 | 23 | 25.7 | 32.1 | |
| 53 | 55.7 | 25.2 | 65.4 | |
| 53.5 | 18.2 | −1.7 | −1.5 | |
| 70.3 | 61.2 | 46.4 | 63 | |
| 26.5% | 37.9% | 15.8% | 26.8% | |
| 56.1 | 38.5 | 36.4 | 40.2 | |
| – | minus 31.4% | minus 5.5% | +10.5% | |
| 5.61 | 3.85 | 3.64 | 4.02 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20 | 20 | 20 | 20 | |
| 364 | 381 | 396 | 428 | |
| 282 | 276 | 350 | 423 | |
| 610 | 540 | 475 | 584 | |
| 1,276 | 1,218 | 1,241 | 1,455 | |
| 423 | 405 | 456 | 466 | |
| 8.2 | 9.1 | 19.1 | 10.8 | |
| – | – | 20.3 | 24.7 | |
| 113 | 176 | 135 | 128 | |
| 732 | 627 | 610 | 826 | |
| 1,276 | 1,218 | 1,241 | 1,455 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 33.4 | 127 | 25.4 | 44.7 | |
| 37.1 | −77.3 | −9.2 | −56.9 | |
| −64.9 | −52.5 | −15.2 | 17.5 | |
| 5.6 | −2.6 | 0.9 | 5.3 | |
| −29.4 | −41 | −66.1 | −73.3 | |
| 4 | 86.1 | −40.7 | −28.7 | |
| −10 | −20 | −20 | −10 |
Shareholding pattern
- Promoters74.81%
- Public25.19%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.81% | 25.19% | 0.00 | |
| 30 Jun 2026 | 74.81% | 25.19% | 0.00 | |
| 31 Mar 2026 | 74.81% | 25.19% | 0.00 | |
| 31 Dec 2025 | 74.81% | 25.19% | 0.00 | |
| 30 Sep 2025 | 74.81% | 25.19% | – |
Major shareholders
Filings & events
News
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