Skip to main content
Swing Capital

Menon Pistons Ltd

NSE: MENNPIS BSE: 531727

Incorporated in 1971, Menon Pistons Ltd manufactures Pistons & Pins for Diesel Engines, Cars, LCVs / HCVs[1]

₹58.2
52W: ₹46.2 — ₹71.8
PE 18 · Book ₹29.6 · +97% vs book
Market Cap₹297 Cr
Stock P/E18Price to Earnings
ROCE17.4%Return on Capital
ROE12.3%Return on Equity
Div. Yield1.72%Face Value ₹1

Strengths

  • +Company has reduced debt.
  • +Company has been maintaining a healthy dividend payout of 24.0%

Shareholding Pattern

Promoters74.37%
FIIs0%
DIIs0%
Public25.63%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.37%74.37%74.37%74.37%74.37%74.37%74.37%74.37%
FIIs0.04%0.04%0.04%0.03%▼0.00.03%0%▼0.00%0%
DIIs0%0%0%0%0%0%0%0%
Public25.59%25.61%▲0.025.6%▼0.025.61%▲0.025.61%25.64%▲0.025.62%▼0.025.63%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales51.5249.8353.1656.7354.8153.2247.664.559.4260.32
Expenses43.5241.8744.6946.946.545.1741.6155.151.3452.52
Operating Profit87.968.479.838.318.055.999.48.087.8
OPM %15.53%15.97%15.93%17.33%15.16%15.13%12.58%14.57%13.6%12.93%
Net Profit4.926.167.985.664.664.372.635.24.563.95
EPS ₹0.961.211.561.110.910.860.521.020.890.77

AI Insights

Revenue Trend

TTM revenue at ₹232Cr, up 9.4% YoY. OPM at 13%.

Debt Position

Borrowings at ₹15Cr. Debt-to-equity ratio: 0.10x. Healthy balance sheet.

Capex Cycle

CWIP at ₹10Cr (14% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (-0.04pp change). Promoters hold 74.37%.

Margin & Efficiency

ROCE improving from 8% (Mar 2014) to 17% (Mar 2025). Working capital days: 62.

Valuation

PE 18x with 17.4% ROCE. Price is 97% above book value of ₹29.6. Dividend yield: 1.72%.

Recent Announcements