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    Producer manufacturing

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    Auto parts: OEM
Menon Pistons Limited

Menon Pistons Limited

59.70
INR
-2.55
(-4.10%)
5.11EPS
13.39P/E
3.49BMarket Cap
Menon Pistons Limited
BSE:MENNPIS
(Bombay Stock Exchange)

Recent

price

59.70

P/E

ratio

13.39

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
29.3
32.34
29.94
27.85
28.3
25.57
25.69
28.13
29.64
22.73
26.43
40.65
47.75
49.27
48.26
57.59
60.22
Revenue per Share
1.72
1.96
0.9
0.36
1.12
0.84
1.45
1.38
1.98
0.86
1.75
3.69
4.58
5.19
4.68
5.02
5.11
Basic EPS, GAAP
-0.01
0.21
-1.77
-0.02
0.58
1.85
0.43
-0.57
2.23
1.64
0.38
-4.94
5.97
-1.12
3.98
3.76
- -
Free Cash Flow per Basic Share
0.35
0.35
0.35
0.35
0.15
0.4
0.01
0.6
0.73
1.44
- -
1
0.75
1
1
1
- -
Dividend per Share
8.6
10.16
10.82
11
11.6
11.88
13.27
14.01
15.24
14.62
16.33
18.94
23.08
27.24
30.82
34.85
- -
Book Value per Share
8.58
10.15
10.79
10.97
11.59
11.86
13.24
13.98
15.21
14.58
16.3
18.28
22.39
26.52
30.12
34.16
- -
Tangible Book Value per Share
51
51
51
51
51
51
51
51
51
51
51
51
51
51
51
51
51
Basic Weighted Avg Shares
1,494
1,649
1,527
1,420
1,444
1,304
1,310
1,435
1,511
1,159
1,348
2,073
2,435
2,513
2,461
2,937
3,071
Sales/Revenue/Turnover
9.81
10.11
6.31
4.06
7.29
6.49
8.07
8.29
9.11
4.66
8.81
13.32
13.91
15.25
13.94
12
11.53
Operating Margin (%)
26
42
46
41
45
44
44
44
48
53
53
69
99
96
106
118
124
Depreciation Expense
88
100
46
18
57
43
74
70
101
44
89
188
233
265
238
256
260
Net Income, GAAP
32.6
34.04
31.07
41.58
29.94
36.27
31.64
40.72
28.23
21.2
25.86
28.91
33.67
23.49
25.05
25.81
25.43
Effective Tax Rate (%)
5.87
6.07
2.99
1.28
3.96
3.29
5.65
4.9
6.67
3.78
6.63
9.07
9.58
10.53
9.69
8.71
8.48
Profit Margin (%)
210
206
164
153
231
291
383
417
431
391
391
544
475
495
650
539
- -
Working Capital
56
60
43
- -
- -
- -
1
- -
- -
- -
1
189
51
50
96
1
- -
LT Debt
439
518
552
561
592
606
677
715
777
746
833
966
1,177
1,389
1,572
1,777
- -
Total Equity
15.29
14.21
5.48
2.11
6.87
5.31
8.81
8.36
12.47
5.35
9.99
17.74
19.09
20.26
15.4
14.55
- -
Return on Invested Capital (%)
15.29
14.21
5.48
4.77
9.5
7.21
10.59
9.38
12.93
5.75
10.51
17.86
19.6
20.27
15.94
15.62
- -
Return on Capital (%)
21.65
20.93
8.53
3.28
9.92
7.16
11.54
10.1
13.51
5.76
11.32
20.9
21.78
20.61
16.11
15.27
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
48
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
51
51
Market Capitalization
2,889
2,387
3,487

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,007
- -
Cash, Cash Equivalents & STI
- -
90
- -
Accounts Receivable, Net
- -
454
- -
Inventories
- -
381
- -
Total Current Liabilities
- -
468
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
48
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.58%
16.42%
13.07%
Free Cash Flow
-310.3%
-440.45%
-5.49%
Net Income, GAAP
30.35%
29.06%
7.26%
Sales/Revenue/Turnover
10%
18.35%
19.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
694
654
631
558
2,461
2026
803
745
761
732
2,937
2027
833
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.39
1.31
1.14
0.83
4.68
2026
1.52
1.36
1.26
0.87
5.02
2027
1.61
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
1
2027
- -
- -
- -
- -
- -
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Business
Menon Pistons Limited (MENNPIS.BO), founded in 1971 and headquartered in Kolhapur, Maharashtra, India, manufactures high-precision aluminium alloy pistons, forged steel pistons, gudgeon pins, and piston rings for passenger cars, heavy and light commercial vehicles, heavy-duty diesel engines in power generation, earthmovers, compressors, and industrial applications; the company also produces piston assemblies, valvetrain components including cam followers, fuel pump tappets, rocker arm assemblies, and oil control valves through its subsidiaries Rapid Machining Technologies Pvt Ltd (acquired 2021) and Lunar Enterprises Pvt Ltd (acquired 2022), as well as precision turned parts for fuel injection, hydraulics, and aerospace engines, and components for exhaust management and hydraulic systems in tipping, lifting, and loading applications. Operations span seven manufacturing facilities in India, with exports to over 20 countries serving OEMs, the replacement market, and key customers such as Cummins India Limited. Recent developments include expanded production of machined components and valvetrain assemblies, completion of solar power projects to enhance operational efficiency, a recommended final dividend of Rs 1 per equity share in May 2025, and sustained profitability with PBILDT margins improving to 19.21% in Q1 FY25 amid a moderate working capital cycle and low gearing of 0.15x.