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Swing Capital

Munjal Showa Ltd

NSE: MUNJALSHOW BSE: 520043

Incorporated in 1985, Munjal Showa Ltd manufactures auto components for two-wheelers and four-wheeler[1]

₹133
52W: ₹109 — ₹163
PE 16.4 · Book ₹167 · -20% vs book
Market Cap₹530 Cr
Stock P/E16.4Price to Earnings
ROCE0.27%Return on Capital
ROE0.7%Return on Equity
Div. Yield3.39%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 0.79 times its book value
  • +Stock is providing a good dividend yield of 3.42%.
  • +Company has been maintaining a healthy dividend payout of 59.1%

Weaknesses

  • −The company has delivered a poor sales growth of -0.59% over past five years.
  • −Company has a low return on equity of 2.83% over last 3 years.
  • −Earnings include an other income of Rs.28.0 Cr.

Shareholding Pattern

Promoters65.02%
FIIs0.09%
DIIs0.01%
Public34.88%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.02%65.02%65.02%65.02%65.02%65.02%65.02%65.02%
FIIs1.55%1.83%▲0.31.8%▼0.02.2%▲0.41.51%▼0.71.38%▼0.10.17%▼1.20.09%▼0.1
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public33.42%33.15%▼0.333.17%▲0.032.77%▼0.433.47%▲0.733.59%▲0.134.8%▲1.234.88%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales287303294311318319303286333350
Expenses289300288304323311296284329337
Operating Profit-2377-5872312
OPM %-1%1%2%2%-2%2%2%1%1%4%
Net Profit298122698311
EPS ₹0.392.161.962.980.511.52.232.070.682.73

AI Insights

Revenue Trend

TTM revenue at ₹1,271Cr, up 1.7% YoY. OPM at 2%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0.01% (+0.00pp change). FIIs: 0.09% (-1.44pp change). Promoters hold 65.02%.

Margin & Efficiency

ROCE declining from 24% (Mar 2014) to 0% (Mar 2025). Working capital days: 34.

Valuation

PE 16.4x with 0.27% ROCE. Price is -20% above book value of ₹167. Dividend yield: 3.39%.

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