Munjal Auto Industries Limited (MUNJALAU)

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Munjal Auto Industries Limited (MUNJALAU) · mywealthgrid

About

Munjal Auto Industries Limited manufactures automotive components and equipment for the Indian automotive supply chain, competing in the Consumer Discretionary sector. With a market capitalization of ₹1,205.3 Cr and consolidated quarterly revenues ranging ₹584–699 Cr, it represents a mid-sized player. Regular dividend payments since 2019 indicate consistent cash generation despite sector cyclicality.

Face value: ₹2

Market cap

₹1,041 Cr

P/E

18.8×

P/B

2.2×

Dividend yield

ROE

10.5%

ROCE

13.1%

Debt / equity

0.54

OPM

5.6%

EPS (TTM)

₹5.5

Book value

₹46.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins highly volatile: consolidated OPM ranged from 3.04% (Mar 2026) to 6.94% (Dec 2025); current 5.56% leaves minimal buffer against cost inflation or demand shocks.
Recent profitability swings: Mar 2026 recorded consolidated net loss of ₹1.26 Cr on ₹614 Cr revenue, raising questions about earnings stability and operational resilience.
Minimal institutional investor participation: FII 0.07% and DII 0.03% (Jun 2026) suggest limited external validation of fundamentals and potential liquidity concerns.
Significant valuation run-up: stock gained 67% over 12 months to ₹128.5; verify whether PE of 21.77 reflects sustainable earnings or a cyclical peak.

Generated analysis · source review pending

Growth drivers

Consolidated revenue peaked at ₹699.01 Cr in Jun 2026 from ₹584.09 Cr in Sep 2025; verify whether driven by company-specific share gains or broader auto-industry demand recovery.
Consolidated-to-standalone revenue spread widened from ₹210 Cr (Sep 2025) to ₹284 Cr (Jun 2026), indicating growing subsidiary contribution; confirm whether acquisition-driven or organic expansion.
Operating margin recovery from 3.04% (Mar 2026) to 6.3% (Jun 2026 consolidated) alongside ₹28.5 Cr profit; validate whether cost normalization or pricing gains are driving recovery and assess sustainability.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹104.1-2.3%1Y

Quick read

rule-based

Pros

+Profit CAGR of 17.5% over the last 5 years
+High promoter holding of 74.8% with no pledge

Cons

−Low return on equity of 9.9% (3-yr avg)
−Thin operating margin of 5.6%
−Modest revenue growth of 1.5% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 27
Growth: 55
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,236	2,134	1,916	1,984	1,882	2,066	2,295
COGS	937	1,827	1,572	1,506	1,321	1,456	1,676
Gross profit	299	307	344	478	561	611	619
	253	225	261	388	440	493	492
	45	82	83	90	120	117	128
OPM %	3.7%	3.9%	4.3%	4.5%	6.4%	5.7%	5.6%
Depreciation	32	39	36	53	56	59	65
Interest	12	16	12	27	28	31	39
	5	5	5	60	24	19	39
Profit before tax	7	33	41	70	61	46	63
Tax	3	13	11	19	23	7	17
Tax %	44.5%	38.4%	27.2%	26.5%	37.9%	15.8%	26.8%
	4	20	30	52	38	39	46
PAT margin %	0.3%	1%	1.6%	2.6%	2%	1.9%	2%
EPS (₹)	0.4	2	3	5.2	3.9	3.6	4
EPS adjusted (₹)	0.4	2.1	2.7	5.6	3.9	3.9	4.6
	0%	0%	33.8%	38.8%	51.9%	27.5%	24.9%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	20	20	20	20	20	20	20
Reserves	9	—	291	317	364	381	396	447
Minority interest	300	—	12	14	10	10	12	—
	9	—	111	93	98	100	187	250
	246	—	429	516	784	707	621	739
Total equity & liabilities	564	—	863	961	1,276	1,218	1,237	1,455
	10	343	303	263	416	398	257	456
CWIP	1	—	1	4	8	9	18	7
Investments	1	—	26	118	104	172	130	128
	553	—	533	576	747	639	832	865
Total assets	564	—	863	961	1,276	1,218	1,237	1,455

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Auto Components	1,438.58	29.8	744.16	339.23	404.93	7.36
Composite Products and Moulds	856.57	62.92

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	24.2%	14.4%	17.9%	24.1%	29.8%	29.5%	27%
EBITDA margin %	3.7%	3.9%	4.3%	4.5%	6.4%	5.7%	5.6%
EBIT margin %	1.1%	2%	2.5%	1.9%	3.4%	2.8%	2.7%
PAT margin %	0.3%	1%	1.6%	2.6%	2%	1.9%	2%
Working capital
Receivable days	—	66	74	80	54	53	68
Inventory days	—	17	26	50	58	58	62
Payable days	—	52	58	76	68	67	80
NWC days	—	30	41	55	44	44	50
Leverage
Current ratio	—	1.25	1.27	1.24	1.3	1.33	1.26
Debt to EBITDA	—	1.35	1.12	1.09	0.83	1.6	1.96
Debt to equity	—	0.36	0.27	0.25	0.25	0.45	0.54
Interest coverage	1.6	3.1	4.5	1.8	3.7	2.9	2.4
Asset turnover	—	2.47	1.99	1.56	1.55	1.67	1.58
Return ratios
Return on assets %	—	2.4%	3.1%	4%	3.1%	3.2%	3.2%
Return on capital employed %	—	11%	11.8%	9.2%	15.8%	13.4%	13.1%
Return on equity %	—	6.6%	8.8%	13.4%	9.5%	9.4%	9.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%
	0%	0.02%	0%	0.01%	0.03%	0.03%	0.07%	0.11%	0.01%	0.04%	0%	0.07%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.16%	25.14%	25.16%	25.15%	25.13%	25.13%	25.09%	25.05%	25.15%	25.12%	25.16%	25.09%
No. of shareholders	—	—	—	—	—	—	—	—	50,063	48,805	47,111	46,301

Promoter holding up 0 percentage points since Sep 2023.

76 deals · 23 Nov 2023 – 17 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	6,58,598	₹122.94	₹8.10 Cr
17 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	6,31,714	₹124.31	₹7.85 Cr
14 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	11,19,658	₹121.09	₹13.56 Cr
14 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	11,14,342	₹121.00	₹13.48 Cr
14 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Sell	9,54,951	₹120.90	₹11.55 Cr
14 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Buy	9,47,784	₹121.16	₹11.48 Cr
14 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	9,28,210	₹121.62	₹11.29 Cr
14 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	9,28,210	₹121.49	₹11.28 Cr
14 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	7,16,589	₹120.32	₹8.62 Cr
14 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	6,81,989	₹120.63	₹8.23 Cr

1–10 of 76

1 / 8

Mr. SUDHIR KUMAR MUNJALExecutive Director-Chairperson-MD
Mrs. ANJU SUDHIR MUNJALExecutive Director
Mr. ANUJ MUNJALExecutive Director
Mrs. AVI K SABAVALANon-Executive - Independent Director
Mr. ATUL HARIBHAI PATELNon-Executive - Independent Director
Mr. SUNIL C VAKILNon-Executive - Independent Director
Mr. SAMEER SUBHASH KHERANon-Executive - Independent Director
Mr. Brham Prakash YadavChief Financial Officer
Mr. Gauri Yagnesh BapatCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Munjal Auto Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

clarification on price movement1 Oct 2026 · General
The Exchange has sought clarification from Munjal Auto Industries Ltd on October 01, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.1 Oct 2026 · Clarification
Trading window for dealing in securities of the company shall remain closed w.e.f. October 1, 2026 till the 48 hours after the declaration of un-audited standalone and consolidated financial ....28 Sept 2026 · Closure of Trading Window
Intimation under regulation 30 of SEBI( Listing Regulations and Disclosure Requirements )Regulations 2015

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

8 Aug 2026, 12:44 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Aug 2026, 3:12 pmAGM/EGM

Notice Convening 41St Annual General Meeting To Be Held On Monday, August 31, 2026, At 3.00 P.M. (IST) Through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

AGM PDF

7 Aug 2026, 3:08 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

30 Jul 2026, 4:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

11 Jul 2026, 3:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Jul 2026, 3:40 pmCompany Update

Intimation Regarding Change In Branch Address Of Registrar & Share Transfer Agent (MCS Share Transfer Agent Limited)

General PDF

7 Jul 2026, 3:41 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

2 Jul 2026, 3:32 pmCompany Update

Clarification On Price Movement

General PDF

Date	Category	Subject	Filing
8 Aug 2026, 12:44 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Aug 2026, 3:12 pm	AGM/EGM AGM	Notice Convening 41St Annual General Meeting To Be Held On Monday, August 31, 2026, At 3.00 P.M. (IST) Through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	24.2%	14.4%	17.9%	24.1%	29.8%	29.5%	27%
EBITDA margin %	3.7%	3.9%	4.3%	4.5%	6.4%	5.7%	5.6%
EBIT margin %	1.1%	2%	2.5%	1.9%	3.4%	2.8%	2.7%
PAT margin %	0.3%	1%	1.6%	2.6%	2%	1.9%	2%
Working capital
Receivable days	—	66	74	80	54	53	68
Inventory days	—	17	26	50	58	58	62
Payable days	—	52	58	76	68	67	80
NWC days	—	30	41	55	44	44	50
Leverage
Current ratio	—	1.25	1.27	1.24	1.3	1.33	1.26
Debt to EBITDA	—	1.35	1.12	1.09	0.83	1.6	1.96
Debt to equity	—	0.36	0.27	0.25	0.25	0.45	0.54
Interest coverage	1.6	3.1	4.5	1.8	3.7	2.9	2.4
Asset turnover	—	2.47	1.99	1.56	1.55	1.67	1.58
Return ratios
Return on assets %	—	2.4%	3.1%	4%	3.1%	3.2%	3.2%
Return on capital employed %	—	11%	11.8%	9.2%	15.8%	13.4%	13.1%
Return on equity %	—	6.6%	8.8%	13.4%	9.5%	9.4%	9.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	26	87	48	137	35	127	7	45
	-15	-139	-14	-99	37	-77	9	-57
	-5	47	-34	-50	-65	-53	-15	18
Net cash flow	6	-5	-0	-13	7	-3	1	5
Free cash flow	-41	-42	33	120	5	86	-59	-29
CFO / Operating profit %	—	191.8%	57.8%	165.6%	38.5%	105.7%	5.9%	35%

Munjal Auto Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

18

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Auto Components · revenue

Munjal Auto Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends18

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Auto Components · revenue

18

1

1