Munjal Showa Ltd (MUNJALSHOW) share price, results

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, 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	287	303	294	311	318	319	303	286	333	350	347	348
Expenses	289	300	288	304	323	311	296	284	329	337	347	345
Operating Profit	-2	3	7	7	-5	8	7	2	3	12	-0	2
OPM %	-0.6%	1.1%	2.3%	2.3%	-1.6%	2.4%	2.4%	0.6%	0.9%	3.5%	-0.0%	0.7%
Other Income	6	10	6	9	9	3	9	11	3	5	4	13
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	3	3	3	3	3	3	3	3	3	3	3	3
Profit before tax	1	10	10	13	1	8	13	10	4	15	1	13
Tax %	-33%	14%	20%	11%	-137%	26%	30%	16%	31%	26%	104%	13%
Net Profit	2	9	8	12	2	6	9	8	3	11	-0	11
EPS in Rs	0.39	2.16	1.96	2.98	0.51	1.50	2.23	2.07	0.68	2.73	-0.01	2.81

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,502	1,460	1,581	1,669	1,288	1,085	1,060	1,241	1,173	1,250	1,315	1,377
Expenses	1,389	1,360	1,468	1,581	1,233	1,061	1,052	1,210	1,157	1,233	1,292	1,359
Operating Profit	113	100	113	88	55	24	8	30	16	17	23	18
OPM %	8%	7%	7%	5%	4.3%	2.2%	0.8%	2.5%	1.3%	1.4%	1.8%	1.3%
Other Income	5	17	21	23	25	24	18	24	33	30	17	25
Interest	0	0	0	0	1	0	0	0	0	0	0	0
Depreciation	29	29	28	26	20	16	12	12	12	12	11	11
Profit before tax	88	88	105	86	58	31	14	42	36	35	30	33
Tax %	30%	31%	26%	27%	27%	17%	12%	24%	15%	18%	26%
Net Profit	61	61	78	63	43	26	12	32	31	29	22	25
EPS in Rs	15.29	15.18	19.38	15.65	10.64	6.54	3.04	7.98	7.69	7.22	5.47	6.21
Dividend Payout %	26%	26%	23%	29%	42%	69%	148%	56%	58%	62%	82%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	-1%	4%	2%	12%
Compounded Profit Growth	-9%	0%	0%	5%
Stock Price CAGR	-5%	-2%	-5%		-10%
Return on Equity	5%	2%	2%			3%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8	8	8	8	8	8	8	8	8
Reserves	403	445	505	562	603	625	633	629	643	656	666	670
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	202	157	163	224	181	129	160	148	159	146	154	187
Total Liabilities	613	610	676	793	791	761	801	786	811	811	828	865
Fixed Assets	211	197	178	157	143	145	134	125	129	123	118	113
CWIP	2	3	3	1	3	2	1	6	2	0	1	0
Investments	68	82	171	244	243	319	292	307	313	322	349	347
Other Assets	332	328	324	391	402	295	374	349	367	366	361	405
Total Assets	613	610	676	793	791	761	801	786	811	811	828	865

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	55	65	83	96	41	66	-18	30	6	11	37	-21
Cash from Investing Activity	-48	-26	-79	-63	3	-82	43	-5	0	19	-10	14
Cash from Financing Activity	-22	-38	-0	-19	-22	-22	-18	-18	-18	-18	-18	-18
Net Cash Flow	-14	1	4	14	23	-39	7	7	-11	12	9	-25
Free Cash Flow	40	48	75	90	27	46	-23	22	-6	8	31	-27
CFO/OP	66%	91%	118%	112%	85%	152%	-44%	439%	33%	125%	270%	-49%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	45	48	49	57	44	40	66	59	57	57	49	65
Inventory Days	20	21	21	20	23	28	39	32	28	29	29	30
Days Payable	47	44	46	58	42	39	57	51	49	46	45	56
Cash Conversion Cycle	18	25	24	18	25	29	49	40	36	40	33	39
Working Capital Days	22	31	28	23	25	30	49	41	43	44	34	43
ROCE %	27%	20%	17%	18%	12%	6%	4%	1%	5%	5%	0%	5%

	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	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%	65.02%
FIIs	1.25%	1.27%	1.27%	1.55%	1.83%	1.80%	2.20%	1.51%	1.38%	0.17%	0.09%	0.11%
DIIs	0.01%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	33.72%	33.68%	33.70%	33.42%	33.15%	33.17%	32.77%	33.47%	33.59%	34.80%	34.88%	34.87%
No. of Shareholders	23,758	24,147	28,868	27,989	32,416	31,329	30,856	30,581	30,969	30,699	29,736	29,096

Fundamentals

Market Cap₹ 502 Cr.

Current Price₹ 126

Stock P/E19.0

Book Value₹ 170

ROCE4.53 %

ROE3.31 %

Dividend Yield3.56 %

Face Value₹ 2.00

Compounded Sales Growth (TTM)12%

Compounded Profit Growth (TTM)5%

Standalone figures.

Valuation

Market capRs 498 Cr

Enterprise valueRs 496 Cr

P/E (TTM)20.07x

Price to book0.73x

Price to sales0.36x

EV / EBITDA11.42x

EV / EBIT15.07x

EV / sales0.36x

Earnings yield4.98%

Dividend yield3.61%

P/E, 3-year average18.82x

P/B, 3-year average0.76x

P/E, 5-year average19.88x

P/B, 5-year average0.68x

Profitability

Operating margin (excl. other income)1.76%

Operating margin (incl. other income)3.08%

EBITDA margin3.16%

Pre-tax margin2.37%

Net profit margin1.80%

Net margin, latest quarter3.23%

ROE3.23%

ROCE4.43%

ROA2.58%

ROE, 3-year average4.08%

ROCE, 3-year average5.09%

ROA, 3-year average3.30%

ROE, 5-year average3.82%

ROCE, 5-year average4.81%

ROA, 5-year average3.09%

ROIC (approx.)3.60%

Tax rate26.03%

Other income / net worth2.56%

Growth

Sales growth (latest year)5.20%

Profit growth (latest year)-24.25%

Sales CAGR, 3 years1.97%

Sales CAGR, 5 years3.92%

Profit CAGR, 3 years-11.82%

Profit CAGR, 5 years-3.50%

Sales growth QoQ0.12%

Sales growth YoY (latest quarter)21.49%

Profit growth YoY (latest quarter)35.63%

Per share

EPS (TTM)Rs 6.21

EPS (latest year)Rs 5.47

EPS (latest quarter)Rs 2.81

EPS, 3-year averageRs 6.79

EPS, 5-year averageRs 6.28

Book value per shareRs 169.53

Sales per shareRs 344.26

Cash flow per shareRs -5.16

Free cash flow per shareRs -6.75

Dividend per share (latest year)Rs 4.50

Dividend per share, 3-year averageRs 4.50

Dividend per share, 5-year averageRs 4.50

Dividends

Dividend payout82.30%

Dividend payout, 3-year average67.72%

Dividend payout, 5-year average81.55%

Efficiency

Asset turnover1.52x

Fixed asset turnover11.68x

Inventory turnover13.27x

Inventory days28 days

Debtor days65 days

Debtors turnover5.61x

Creditor days56 days

Cash conversion cycle39 days

Working capital days43 days

Leverage

Cash and bankRs 2 Cr

Net debtRs -2 Cr

Net debt / EBITDA-0.04x

Interest coverage89.03x

Owners' fund to total sources78.39%

Cash flow

Cash from Operating Activity (latest year)Rs -21 Cr

Cash from Investing Activity (latest year)Rs 14 Cr

Cash from Financing Activity (latest year)Rs -18 Cr

Net Cash Flow (latest year)Rs -25 Cr

Free cash flow (latest year)Rs -27 Cr

Cash from ops / profit, 5 years0.50x

Statement figures

Net sales (TTM)Rs 1,377 Cr

Net sales (latest year)Rs 1,315 Cr

Sales (latest quarter)Rs 348 Cr

Operating profit excl. other income (latest year)Rs 23 Cr

Operating profit (latest quarter)Rs 2 Cr

Other income (TTM)Rs 25 Cr

EBITDA (TTM)Rs 43 Cr

PBDT (TTM)Rs 43 Cr

Profit before tax (TTM)Rs 33 Cr

Tax (latest year)Rs 8 Cr

Net profit (TTM)Rs 25 Cr

Net profit (latest year)Rs 22 Cr

Net profit (latest quarter)Rs 11 Cr

Depreciation (TTM)Rs 11 Cr

Depreciation (latest quarter)Rs 3 Cr

Interest (TTM)Rs 0 Cr

Cost of goods sold (latest year)Rs 1,105 Cr

Total expenditure (latest year)Rs 1,292 Cr

Total income (latest year)Rs 1,333 Cr

Share capitalRs 8 Cr

ReservesRs 670 Cr

Shareholders' fundsRs 678 Cr

Total assetsRs 865 Cr

Net blockRs 113 Cr

Capital work in progressRs 0 Cr

InvestmentsRs 347 Cr

ReceivablesRs 235 Cr

InventoryRs 83 Cr

Other liabilitiesRs 187 Cr

Shares outstanding (crore)4.00

Ownership

Promoter holding65.02% (+0.00 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 20.1 is at the 70th percentile of its own 9.4-year range (median 17.4, low 3.7, high 37.0).

P/B 0.73 is at the 24th percentile (median 0.85).

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	MUNJALSHOW	Nifty 50	Difference
1 week	-3.4%	-2.8%	-0.6 pts
1 month	-3.4%	-6.8%	+3.4 pts
3 months	-4.9%	-7.6%	+2.7 pts
6 months	+12.7%	+0.4%	+12.3 pts
1 year	-12.9%	-9.9%	-3.0 pts
2 years	-27.5%	-13.6%	-13.9 pts
3 years	-16.0%	+14.2%	-30.1 pts
5 years	-10.9%	+27.9%	-38.8 pts

Red flags

F-score 5 of 8

explain	Weak cash conversion Cash from operations was 34% of net profit over the last 3 years
explain	Receivables outrunning sales Receivables grew 40% vs sales +5% in 2026
look	Profit leans on other income Other income was 59% of pre-tax profit in 2026

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 2026

Sales ₹348 Cr +21.7% vs Jun 2025. Net profit ₹11 Cr +37.5%.

Against our estimate for Jun 2026: sales +8.5%, profit +85.5% beat. Our estimate for Sep 2026: sales Rs 393 Cr, profit Rs 8 Cr (how).

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-08-05	Dividend - Rs 4.50 Per Share
2025-08-01	Dividend - Rs 4.50 Per Share
2024-08-02	Annual General Meeting/Dividend - Rs 4.50 Per Share
2023-08-04	Annual General Meeting/Dividend - Rs 4.50 Per Share
2022-07-28	Annual General Meeting/Dividend - Rs 4.50 Per Share
2021-08-12	Annual General Meeting/Dividend - Rs 4.50 Per Share
2020-08-27	Annual General Meeting/Dividend - Rs 4.50 Per Share
2019-08-14	Annual General Meeting/Dividend - Rs 4.5 Per Share
2018-09-12	Annual General Meeting/Dividend Rs 4.50 Per Share
2017-08-10	Annual General Meeting/Dividend - Rs 4/- Per Share
2016-08-11	Annual General Meeting
2016-03-16	Interim Dividend - Rs 4/- Per Share (Purpose Revised)
2015-08-06	Annual General Meeting/ Dividend - Rs 4/- Per Share
2014-08-07	Annual General Meeting / Dividend - Rs 3.50/- Per Share
2013-07-18	Annual General Meeting/Dividend Rs 3/- Per Share
2012-07-19	Annual General Meeting/Dividend Rs.3 Per Share
2011-07-21	Annual General Meeting And Dividend Rs.2.50 Per Share
2010-07-22	Annual General Meeting And Dividend Rs.2/- Per Share
2009-07-16	Agm/Div-Rs.2/- Per Share
2008-07-17	Agm/Dividend - 100%
2007-07-19	Agm/Div-Rs.2/- Per Sh
2006-10-16	Fv Split Rs.10/- To Rs.2/	0.2000
2006-08-10	Agm/Dividend-100%

No announcements in our files yet.

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.

Quick answers

What is the market cap of Munjal Showa Ltd?

Munjal Showa Ltd (MUNJALSHOW) has a market capitalisation of Rs 502 Cr. at the 2026-10-01 close.

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

Munjal Showa Ltd trades at a P/E of 19.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Munjal Showa Ltd's latest quarterly results?

In the Jun 2026 quarter, Munjal Showa Ltd sales was Rs 348 Cr (+21.7% vs Jun 2025) and net profit was Rs 11 Cr.

What is the 52-week high and low of Munjal Showa Ltd?

The 52-week high is Rs 147.10 and the 52-week low is Rs 110.30.