Munjal Showa (MUNJALSHOW) had a P/E of 20.0× on 6 Nov 2026, below the industry P/E of 25.6×, and the shares are 16% below their 52-week high. It earns ROCE of 4.3% and ROE of 3.2%, and sales grew 2.0% a year over 3 years while net profit fell 12%. Its dividend yield is 3.6%. It is a small-cap company with a market cap of ₹496 Cr, ranked 87th of 140 Auto Parts companies by market cap; the shares fell 4.1% over the past year.
- ₹125.00
- ₹125.29
- ₹123.00
- ₹124.89
- 16.1K
Health check
- ReturnsBehind
−4.1% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 20.0 vs industry 25.6.
- GrowthSlow
Sales +2.0%, profit −11.8% a year over 3 years.
- ProfitabilityWeak
ROCE 4.3% vs peer median 15.6%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags1 to check
Return on equity is low at 3.2%.
Small cap
Defensive
Key metrics
- Market cap
- ₹496 Cr
- Small cap
- P/E
- 20.0
- Industry 25.6
- Price to book
- 0.73
- Peers 8.75
- Dividend yield
- 3.63%
- ROE
- 3.2%
- Peers 12.3%
- ROCE
- 4.3%
- Peers 15.6%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹6.21
- Face value ₹2
- OPM (TTM)
- 1.3%
- Net margin 1.8%
- Sales growth
- +21.5%
- Latest quarter vs a year ago
- Profit growth
- +35.5%
- Latest quarter vs a year ago
- Price to sales
- 0.36
- EV/EBITDA 8.2
Strengths and risks
Strengths
- Dividend yield of 3.63%.
- Quarterly profit up 35.5% on a year ago.
- Quarterly sales up 21.5% on a year ago.
Risks to check
- Return on equity is low at 3.2%.
About Munjal Showa
Munjal Showa Limited manufactures and sells auto components for the two-wheeler and four-wheeler industry in India and internationally. Its products include front forks, shock absorbers, struts, gas springs, and window balancers, as well as rear door lifters and rear cushions. Munjal Showa Limited was incorporated in 1985 and is based in Gurugram, India.
- Headquarters
- Gurugram
- Employees
- 2,299
- Sector
- Consumer Cyclical
- ISIN
- INE577A01027
- Website
- munjalshowa.net
Price range
- Avg volume (3M)
- 38.3K
- 1-year return
- minus 4.1%
- From 52-week high
- minus 15.8%
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% |
| MUNJALSHOWMunjal Showa | 123.90 | minus 0.79% | 496 | 20.0 | 0.73 | – | 3.7% | −0.1% | 2.0% | −11.8% | 3.63% | minus 4.1% |
| 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 |
|---|---|---|---|---|---|
| 286 | 333 | 350 | 347 | 347 | |
| 284 | 329 | 337 | 347 | 345 | |
| 1.6 | 3.1 | 12.3 | −0 | 2.4 | |
| 0.5% | 0.9% | 3.5% | 0.0% | 0.7% | |
| 11 | 3.4 | 7.3 | 3.9 | 13.1 | |
| 0 | 0 | 0 | 0.1 | – | |
| 2.7 | 2.6 | 2.5 | 2.8 | 2.6 | |
| – | – | −2.2 | – | – | |
| 9.9 | 3.9 | 14.8 | 0.9 | 12.9 | |
| 16.2% | 30.9% | 26.3% | 104.8% | 12.8% | |
| 8.3 | 2.7 | 10.9 | −0 | 11.2 | |
| 2.07 | 0.68 | 2.73 | -0.01 | 2.81 |
Profit & loss
- Sales CAGR 3Y
- +2.0%
- Profit CAGR 3Y
- −11.8%
- EPS CAGR 3Y
- −11.8%
- ROE
- 3.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,235 | 1,168 | 1,245 | 1,309 | |
| – | minus 5.4% | +6.6% | +5.2% | |
| 1,204 | 1,152 | 1,227 | 1,286 | |
| 30.4 | 15.7 | 17.2 | 23.6 | |
| 2.5% | 1.3% | 1.4% | 1.8% | |
| 9.5 | 5.1 | 12.2 | 8.6 | |
| 0 | 0 | 0 | 0.1 | |
| 11.8 | 12.3 | 12 | 10.6 | |
| 14.1 | 27.7 | 17.8 | 8.1 | |
| 42.2 | 36.3 | 35.2 | 29.6 | |
| 24.4% | 15.2% | 17.9% | 26.1% | |
| 31.9 | 30.8 | 28.9 | 21.9 | |
| – | minus 3.6% | minus 6.2% | minus 24.2% | |
| 7.98 | 7.69 | 7.22 | 5.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8 | 8 | 8 | 8 | |
| 643 | 656 | 666 | 670 | |
| 159 | 146 | 154 | 187 | |
| 811 | 811 | 828 | 865 | |
| 129 | 121 | 117 | 111 | |
| 2 | 0.1 | 0.8 | 0.7 | |
| 52.4 | 57.3 | 29 | 28.9 | |
| 266 | 282 | 346 | 319 | |
| 362 | 350 | 335 | 405 | |
| 811 | 811 | 828 | 865 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.4 | 11.4 | 36.6 | −20.6 | |
| 0.2 | 18.7 | −10 | 13.8 | |
| −18.1 | −18 | −18 | −18.2 | |
| −11.5 | 12.1 | 8.6 | −25 | |
| −12.3 | −4.2 | −6.8 | −6.6 | |
| −5.8 | 7.2 | 29.8 | −27.2 | |
| −18 | −18 | −18 | −18 |
Shareholding pattern
- Promoters65.02%
- Public34.98%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 65.02% | 34.98% | 0.00 | |
| 30 Jun 2026 | 65.02% | 34.98% | 0.00 | |
| 31 Mar 2026 | 65.02% | 34.98% | 0.00 | |
| 31 Dec 2025 | 65.02% | 34.98% | 0.00 | |
| 30 Sep 2025 | 65.02% | 34.98% | – |
Major shareholders
Filings & events
News
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