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    Producer manufacturing

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    Auto parts: OEM
Munjal Showa Limited

Munjal Showa Limited

120.84
INR
+4.00
(+3.42%)
6.00EPS
21.33P/E
5.12BMarket Cap
Munjal Showa Limited
NSE:MUNJALSHOW
(National Stock Exchange of India)

Recent

price

120.84

P/E

ratio

21.33

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
322.37
389.27
395.41
399.54
410.79
370.93
360.62
389.62
410.64
319.3
269.31
263.66
308.68
291.97
311.2
327.34
333.14
Revenue per Share
8.51
16.78
15.17
17.43
18.91
15.29
15.18
19.38
15.65
10.64
6.54
3.04
7.98
7.69
7.22
5.47
6
Basic EPS, GAAP
9.67
9.94
24.67
10.4
9.85
12.04
18.76
22.4
6.66
11.37
-5.71
7.49
1.61
2.86
9.15
-5.16
- -
Free Cash Flow per Basic Share
1.99
2.49
2.99
2.99
3.49
7.89
0.08
4
4.5
4.5
4.49
4.5
4.51
4.51
4.5
4.51
- -
Dividend per Share
50.75
64.05
75.71
89.04
102.69
113.74
128.18
142.42
152.66
158.16
160.37
159.37
162.83
166.08
168.64
169.53
- -
Book Value per Share
49.95
63.5
75.21
88.55
102.24
113.25
127.84
142.25
152.25
157.57
159.98
159.2
162.28
165.65
168.17
169
- -
Tangible Book Value per Share
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
41
Basic Weighted Avg Shares
12,893
15,569
15,814
15,980
16,430
14,835
14,423
15,583
16,423
12,770
10,771
10,545
12,346
11,677
12,446
13,092
13,769
Sales/Revenue/Turnover
4.43
6.14
4.98
4.85
5.98
5.61
4.91
5.59
3.89
3.42
0.73
-0.38
1.51
0.29
0.41
1
0.53
Operating Margin (%)
262
276
280
286
287
293
291
282
259
204
163
125
118
123
120
106
105
Depreciation Expense
340
671
607
697
756
612
607
775
626
425
261
122
319
308
289
219
248
Net Income, GAAP
29.03
21.85
10.65
13.08
28.86
30.39
30.97
26.46
26.83
27.23
16.86
12.44
24.38
15.22
17.9
26.05
23.8
Effective Tax Rate (%)
2.64
4.31
3.84
4.36
4.6
4.12
4.21
4.97
3.81
3.33
2.43
1.15
2.58
2.63
2.32
1.67
1.8
Profit Margin (%)
24
85
313
920
1,693
2,160
2,778
3,571
3,603
3,869
3,973
3,808
4,120
4,248
4,642
4,735
- -
Working Capital
519
211
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,030
2,562
3,028
3,561
4,107
4,549
5,127
5,696
6,106
6,326
6,414
6,374
6,512
6,643
6,745
6,780
- -
Total Equity
14.58
27.07
21.63
20.43
18.22
13.24
10.08
11.7
7.74
5.03
1
-0.53
2.59
0.33
0.65
1.22
- -
Return on Invested Capital (%)
14.58
27.47
20.22
21.82
19.67
14.06
12.56
14.34
10.62
6.89
4.12
1.91
4.96
4.68
4.32
3.25
- -
Return on Capital (%)
17.74
29.24
21.71
21.16
19.72
14.13
12.55
14.32
10.61
6.84
4.1
1.9
4.95
4.68
4.31
3.23
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
4,945
4,418
5,122

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
6,478
- -
Cash, Cash Equivalents & STI
- -
3,194
- -
Accounts Receivable, Net
- -
2,347
- -
Inventories
- -
833
- -
Total Current Liabilities
- -
1,743
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.16%
1.12%
0.53%
Free Cash Flow
-24.24%
-33.57%
-156.38%
Net Income, GAAP
1.22%
15.02%
-24.24%
Sales/Revenue/Turnover
-0.59%
4.27%
5.19%
Total Cash Common Dividend
457.93%
0.05%
0.18%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,108
3,177
3,191
3,029
12,446
2026
2,860
3,326
3,497
3,471
13,092
2027
3,475
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.98
0.51
1.49
2.23
7.22
2026
2.07
0.68
2.73
-0.01
5.47
2027
2.81
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
4.5
2026
- -
- -
- -
- -
4.51
2027
- -
- -
- -
- -
- -
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Business
Munjal Showa Limited, a joint venture between Hero Group and Hitachi Astemo (formerly Showa Corporation of Japan) established in 1985 and headquartered in Gurugram, Haryana, India, manufactures automotive components primarily for two-wheeler and four-wheeler segments including shock absorbers, front forks, struts, rear cushions, gas springs, rear door lifters, spring/rear door lifters, and window balancers. The company operates three manufacturing facilities located in Haryana and Uttarakhand, serving major customers such as Hero MotoCorp Ltd and Honda Motorcycle and Scooter India, with a focus on the Indian replacement and OEM markets. Recent developments include the acquisition of significant equity stakes in EIH Limited and another entity on December 18, 2024; board appointments approved at the 40th Annual General Meeting on August 20, 2025; and a scheduled board meeting on August 4, 2025 to consider financial results, alongside trading window closures and bulk deals involving investors like Graviton Research Capital LLP in 2024 and Esvee Capital in June 2025.