Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 545 | 422 | 406 | 510 | 522 | 522 | 512 | 491 | 584 | 606 | 614 | 699 |
| Expenses | 509 | 396 | 373 | 480 | 492 | 500 | 477 | 463 | 558 | 564 | 596 | 655 |
| Operating Profit | 36 | 26 | 34 | 30 | 31 | 22 | 35 | 28 | 26 | 42 | 19 | 44 |
| OPM % | 7% | 6% | 8% | 6% | 6% | 4.3% | 7% | 6% | 4.5% | 7% | 3.0% | 6% |
| Other Income | 7 | -28 | 35 | 1 | 12 | 5 | 1 | 24 | 11 | 5 | 12 | 20 |
| Interest | 7 | 7 | 6 | 7 | 8 | 8 | 8 | 9 | 10 | 10 | 10 | 10 |
| Depreciation | 14 | 14 | 14 | 14 | 15 | 15 | 15 | 15 | 15 | 17 | 18 | 19 |
| Profit before tax | 22 | -23 | 48 | 10 | 21 | 3 | 13 | 28 | 13 | 20 | 2 | 35 |
| Tax % | 33% | -0% | 25% | -2% | 2% | 167% | 18% | 32% | -7% | 25% | 152% | 19% |
| Net Profit | 15 | -23 | 36 | 10 | 20 | -2 | 10 | 19 | 13 | 15 | -1 | 29 |
| EPS in Rs | 1.38 | -1.22 | 2.72 | 1.17 | 1.86 | -0.22 | 0.83 | 1.58 | 1.12 | 1.35 | -0.03 | 2.58 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,214 | 1,236 | 2,123 | 1,916 | 1,984 | 1,882 | 2,066 | 2,295 | 2,503 |
| Expenses | 1,143 | 1,190 | 2,040 | 1,833 | 1,894 | 1,761 | 1,949 | 2,167 | 2,372 |
| Operating Profit | 71 | 45 | 83 | 83 | 90 | 120 | 117 | 128 | 131 |
| OPM % | 6% | 3.7% | 3.9% | 4.3% | 4.5% | 6% | 6% | 6% | 5% |
| Other Income | 3 | 5 | 5 | 5 | 60 | 24 | 19 | 39 | 48 |
| Interest | 4 | 12 | 16 | 12 | 27 | 28 | 31 | 39 | 40 |
| Depreciation | 20 | 32 | 39 | 36 | 53 | 56 | 59 | 65 | 69 |
| Profit before tax | 49 | 7 | 33 | 41 | 70 | 61 | 46 | 63 | 70 |
| Tax % | 23% | 44% | 38% | 27% | 27% | 38% | 16% | 27% | |
| Net Profit | 37 | 4 | 20 | 30 | 52 | 38 | 39 | 46 | 55 |
| EPS in Rs | 3.60 | 0.41 | 2.06 | 2.68 | 5.61 | 3.85 | 3.64 | 4.02 | 5.02 |
| Dividend Payout % | 28% | 0% | 0% | 37% | 36% | 52% | 27% | 25% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 2% | 5% | 22% | ||
| Compounded Profit Growth | % | -5% | -15% | 48% | ||
| Stock Price CAGR | 8% | 13% | 23% | -2% | ||
| Return on Equity | % | 7% | 7% | 4% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 277 | 269 | 291 | 317 | 364 | 381 | 396 | 428 |
| Borrowings | 47 | 123 | 147 | 116 | 282 | 276 | 350 | 423 |
| Other Liabilities | 220 | 383 | 405 | 508 | 602 | 527 | 458 | 571 |
| Total Liabilities | 564 | 796 | 862 | 961 | 1,268 | 1,205 | 1,224 | 1,442 |
| Fixed Assets | 200 | 343 | 303 | 263 | 416 | 399 | 440 | 468 |
| CWIP | 25 | 2 | 1 | 4 | 8 | 9 | 18 | 7 |
| Investments | 7 | 21 | 26 | 118 | 104 | 171 | 129 | 116 |
| Other Assets | 332 | 430 | 531 | 576 | 740 | 626 | 637 | 851 |
| Total Assets | 564 | 796 | 862 | 961 | 1,268 | 1,205 | 1,224 | 1,442 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 26 | 87 | 59 | 137 | 33 | 127 | 25 | 45 |
| Cash from Investing Activity | -15 | -139 | -14 | -99 | 37 | -77 | -9 | -57 |
| Cash from Financing Activity | -5 | 47 | -45 | -50 | -65 | -53 | -15 | 18 |
| Net Cash Flow | 6 | -5 | -0 | -13 | 6 | -3 | 1 | 5 |
| Free Cash Flow | -40 | -41 | 50 | 128 | 52 | 88 | -39 | -28 |
| CFO/OP | 53% | 205% | 79% | 174% | 58% | 118% | 24% | 46% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 79 | 66 | 74 | 80 | 54 | 54 | 68 |
| Inventory Days | 30 | 36 | 17 | 26 | 50 | 58 | 58 | 62 |
| Days Payable | 60 | 110 | 53 | 58 | 76 | 68 | 68 | 80 |
| Cash Conversion Cycle | 18 | 6 | 30 | 41 | 55 | 44 | 44 | 50 |
| Working Capital Days | 7 | 4 | 12 | 5 | 9 | 0 | 7 | 9 |
| ROCE % | 5% | 11% | 11% | 9% | 14% | 9% | 10% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% | 74.81% |
| FIIs | 0.00% | 0.02% | 0.00% | 0.01% | 0.03% | 0.04% | 0.07% | 0.11% | 0.01% | 0.03% | 0.00% | 0.06% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 25.16% | 25.16% | 25.16% | 25.15% | 25.13% | 25.13% | 25.11% | 25.06% | 25.16% | 25.13% | 25.17% | 25.10% |
| No. of Shareholders | 38,211 | 40,130 | 44,286 | 45,332 | 50,878 | 48,939 | 49,044 | 48,072 | 50,063 | 48,805 | 47,111 | 46,301 |
Fundamentals
Market Cap₹ 1,057 Cr.
Current Price₹ 106
Stock P/E20.6
Book Value₹ 44.8
ROCE9.77 %
ROE3.73 %
Dividend Yield0.94 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)48%
Consolidated figures.
Valuation
Market capRs 1,041 Cr
Enterprise valueRs 1,305 Cr
P/E (TTM)20.72x
Price to book2.59x
Price to sales0.42x
EV / EBITDA7.27x
EV / EBIT11.83x
EV / sales0.52x
Price to cash flow8.18x
Earnings yield4.83%
Dividend yield1.92%
P/E, 3-year average14.13x
P/B, 3-year average1.38x
P/E, 5-year average26.23x
P/B, 5-year average1.35x
Profitability
Operating margin (excl. other income)6.40%
Operating margin (incl. other income)7.68%
EBITDA margin7.17%
Pre-tax margin2.79%
Net profit margin2.01%
Net margin, latest quarter3.69%
ROE9.80%
ROCE13.21%
ROA3.11%
ROE, 3-year average11.21%
ROCE, 3-year average14.04%
ROA, 3-year average3.70%
ROE, 5-year average8.38%
ROCE, 5-year average11.66%
ROA, 5-year average2.84%
ROIC (approx.)10.30%
Tax rate37.90%
Other income / net worth6.02%
Growth
Sales growth (latest year)-5.17%
Profit growth (latest year)-31.44%
Sales CAGR, 3 years-3.94%
Sales CAGR, 5 years9.16%
Profit CAGR, 3 years23.11%
Profit CAGR, 5 years1.36%
Sales growth QoQ13.80%
Sales growth YoY (latest quarter)42.36%
Profit growth YoY (latest quarter)63.25%
Per share
EPS (TTM)Rs 5.02
EPS (latest year)Rs 3.85
EPS (latest quarter)Rs 2.58
EPS, 3-year averageRs 4.05
EPS, 5-year averageRs 2.92
Book value per shareRs 40.12
Sales per shareRs 250.31
Cash flow per shareRs 12.72
Free cash flow per shareRs -2.80
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 1.67
Dividend per share, 5-year averageRs 1.67
Dividends
Dividend payout51.96%
Dividend payout, 3-year average41.64%
Dividend payout, 5-year average41.64%
Efficiency
Asset turnover1.56x
Fixed asset turnover4.71x
Inventory turnover6.83x
Inventory days53 days
Debtor days54 days
Debtors turnover6.80x
Creditor days80 days
Cash conversion cycle50 days
Working capital days9 days
Leverage
Total debtRs 276 Cr
Cash and bankRs 12 Cr
Net debtRs 264 Cr
Debt to equity0.69x
Net debt / EBITDA1.47x
Interest coverage2.73x
Current ratio (filing 2026-03-31)1.26x
Quick ratio (filing 2026-03-31)0.88x
Trade payables (filing 2026-03-31)Rs 368 Cr
Owners' fund to total sources33.30%
Debt to assets22.94%
Cash flow
Cash from Operating Activity (latest year)Rs 127 Cr
Cash from Investing Activity (latest year)Rs -77 Cr
Cash from Financing Activity (latest year)Rs -53 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs -28 Cr
FCFE (approx.: FCF + change in debt)Rs -33 Cr
Cash from ops / profit, 5 years1.79x
Sales to cash flow14.80x
Statement figures
Net sales (TTM)Rs 2,503 Cr
Net sales (latest year)Rs 1,882 Cr
Sales (latest quarter)Rs 699 Cr
Operating profit excl. other income (latest year)Rs 120 Cr
Operating profit (latest quarter)Rs 44 Cr
Other income (TTM)Rs 48 Cr
EBITDA (TTM)Rs 179 Cr
PBDT (TTM)Rs 139 Cr
Profit before tax (TTM)Rs 70 Cr
Tax (latest year)Rs 23 Cr
Net profit (TTM)Rs 50 Cr
Net profit (latest year)Rs 38 Cr
Net profit (latest quarter)Rs 26 Cr
Depreciation (TTM)Rs 69 Cr
Depreciation (latest quarter)Rs 19 Cr
Interest (TTM)Rs 40 Cr
Cost of goods sold (latest year)Rs 1,426 Cr
Total expenditure (latest year)Rs 1,761 Cr
Total income (latest year)Rs 1,906 Cr
Share capitalRs 20 Cr
ReservesRs 381 Cr
Shareholders' fundsRs 401 Cr
Total assetsRs 1,205 Cr
Net blockRs 399 Cr
Capital work in progressRs 9 Cr
InvestmentsRs 171 Cr
ReceivablesRs 277 Cr
InventoryRs 209 Cr
Other liabilitiesRs 527 Cr
Shares outstanding (crore)10.00
Ownership
Promoter holding74.81% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.7 is at the 29th percentile of its own 5.4-year range
(median 25.4, low 11.4, high 125.0).
P/B 2.59 is at the 74th percentile (median 2.04).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | MUNJALAU | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.2% | -2.8% | +1.6 pts |
| 1 month | -9.9% | -6.8% | -3.1 pts |
| 3 months | +4.7% | -7.6% | +12.3 pts |
| 6 months | +53.5% | +0.4% | +53.1 pts |
| 1 year | -1.4% | -9.9% | +8.5 pts |
| 2 years | -15.6% | -13.6% | -2.0 pts |
| 3 years | +83.4% | +14.2% | +69.2 pts |
| 5 years | +77.4% | +27.9% | +49.6 pts |
Red flags
F-score 5 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹699 Cr +42.4% vs Jun 2025.
Net profit ₹29 Cr +52.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Samvardhana Motherson International Ltd | 167,351 | 36.6 | 13.4 % |
| Bosch Ltd | 134,797 | 57.0 | 21.5 % |
| Bharat Forge Ltd | 94,900 | 94.0 | 12.6 % |
| Uno Minda Ltd | 67,102 | 54.9 | 19.6 % |
| Schaeffler India Ltd | 61,271 | 47.5 | 27.9 % |
| Sona BLW Precision Forgings Ltd | 50,907 | 65.5 | 15.1 % |
| Tube Investments of India Ltd | 46,709 | 74.5 | 17.1 % |
| Endurance Technologies Ltd | 37,343 | 37.9 | 17.8 % |
| Exide Industries Ltd | 34,595 | 36.9 | 8.54 % |
| Dhoot Transmission Ltd | 30,776 | 68.7 | 24.4 % |
| Craftsman Automation Ltd | 27,475 | 58.7 | 13.9 % |
| Sansera Engineering Ltd | 27,228 | 78.1 | 13.7 % |
| ZF Commercial Vehicle Control System India Ltd | 26,150 | 53.2 | 19.1 % |
| Asahi India Glass Ltd | 24,421 | 54.7 | 11.5 % |
| Sundram Fasteners Ltd | 24,022 | 38.7 | 17.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-20 | Dividend - Re 1 Per Share | |
| 2025-08-14 | Dividend - Re 1 Per Sh | |
| 2024-09-19 | Annual General Meeting/Dividend - Rs 2 Per Share | |
| 2023-08-25 | Annual General Meeting/Dividend - Rs 2 Per Share | |
| 2022-09-08 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2021-09-06 | Annual General Meeting | |
| 2020-09-03 | Annual General Meeting | |
| 2019-08-22 | Annual General Meeting/Dividend Re 1 Per Share | |
| 2018-08-14 | Annual General Meeting/Dividend- Rs 1.20 Per Share | |
| 2017-07-11 | Bonus 1:1 | 0.5000 |
| 2017-06-22 | Annual General Meeting/Dividend - Rs 2/- Per Share | |
| 2016-08-18 | Annual General Meeting | |
| 2016-03-17 | Interim Dividend - Rs 1.40/- Per Share (Purpose Revised) | |
| 2015-08-13 | Annual General Meeting/ Dividend - Rs 2.50/- Per Share | |
| 2014-07-31 | Annual General Meeting / Dividend - Rs 2.50/- Per Share | |
| 2013-08-01 | Annual General Meeting And Dividend Rs.2/- Per Share | |
| 2012-09-13 | Annual General Meeeting/ Dividend Rs 2 Per Share | |
| 2011-12-29 | Face Value Split From Rs.10/- To Rs.2/- | 0.2000 |
| 2011-09-14 | Annual General Meeting And Dividend Rs.7.50 Per Share | |
| 2010-09-16 | Annual General Meeting And Dividend Rs.5/- Per Share | |
| 2009-08-20 | Dividend-Rs.2.50 Pr Share | |
| 2008-09-19 | Agm/Dividend - 15% | |
| 2007-09-17 | Agm/Dividend-50% | |
| 2006-09-13 | Agm/Dividend-50% |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.