MENONBE - Menon Bearings Ltd Share Price

Auto Components

₹119.12-1.48(-1.23%)

Market Closed as of Jun 17, 2025, 15:30 IST

What does Menon Bearings Ltd do?

Auto Components & Equipments•Automobile and AutoComponents•Small Cap

Menon Bearings Limited engages in the manufacture and sale of auto components in India. It offers bi-metal engine bearings; bushes and thrust washers for light and heavy automobile engines, and two-wheeler engines; and compressors for refrigerators, air conditioners, etc. The company also provides high pressure aluminum die cast and machined components, such as motor end shields, compressor bearing connecting rods, engine components, gear case covers, and clutch assemblies; cylinder heads and brake parts; and engine parts, portable tools, fuel pump parts, pressure and temperature transmitter parts, explosion proof parts, and gravity die cast parts. Its products are used in various applications, including automotive engines, compressors, generators, and stationary and marine engines, as well as agricultural earthmovers and tillers. The company also exports its products to the United States, Japan, the United Kingdom, Italy, France, China, Mexico, Brazil, Belgium, etc. Menon Bearings Limited was incorporated in 1991 and is based in Kolhapur, India.

Industry Group:Auto Components

Employees:243

Website:www.menonbearings.in

Summary of Latest Earnings Report from Menon Bearings

Summary of Menon Bearings's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: May 25

Management's outlook for Menon Bearings Limited for FY26 anticipates a turnover of approximately Rs.300 crores, representing a growth of over 20% year-on-year. This is part of a broader vision projecting a compound annual growth rate (CAGR) of around 19% for the subsequent two years. The Profit After Tax (PAT) is expected to average 13% over the same period, alongside an EBITDA margin forecasted to exceed 22%.

Additionally, the company reported consolidated revenues of Rs.244 crores for FY25, up from Rs.214 crores in the previous year, yielding a 14% increase. The PAT for FY25 stood at Rs.25.28 crores, reflecting a growth of around 10% year-on-year. Looking specifically at the fourth quarter, total income surged by 20%, with PAT increasing by over 17%.

One critical forward-looking point is the expectation to pass on increased raw material costs to customers, estimated at around 10% to 12%, which could impact profitability positively in the upcoming year. Furthermore, the management highlighted ongoing growth in the bi-metal division, with utilization rates at 85% and expected production ramp-up following sample approvals from key customers such as Allison USA.

They also mentioned a robust order book, with Rs.23 crores in contracted orders and an additional Rs.60 crores in the pipeline for the aluminum division, indicating a solid base for future growth. The successful placement of the dynamometer is anticipated to facilitate further opportunities in the brakes segment, with an incremental revenue stream estimated at about Rs.2.5 crores per month post-approval.

Lastly, the management confirmed that investments in capacity are set to sustain growth, stating that significant CapEx has been completed, particularly in areas like the aluminum division, ensuring the company is positioned to capture expanding market opportunities.

Q&A Session

Last updated: May 25

Major Questions and Answers from the Q&A Section of Menon Bearings Limited Earnings Call

Question 1: What is the segment-wise margin and segment-wise revenue potential for the company?
Answer: Segment-wise margins for FY '24-'25 are about 20% for bearings, 21% for the aluminum division, and 3% for brakes. We estimate EBITDA margins to reach Rs.65 crores, PBT around Rs.50 crores, and net profit close to Rs.37 crores this year.

Question 2: Can you explain the CapEx in the bi-metal division? Why is capacity the same?
Answer: We completed our infrastructure of 45,000 sq. ft. and increased washer capacity by 7 lakh pieces/month. Final results from Allison USA will likely lead to revenue of Rs.2.5 crores/month starting August.

Question 3: What is the capacity utilization in the bi-metal division after this CapEx?
Answer: The current utilization is 85%. This month, the bi-metal division will achieve record sales and profit, marking a significant milestone for us.

Question 4: Regarding raw material costs, how much will the adjustment be this year?
Answer: We expect to adjust prices upwards by about 10% to 12% to pass on increased raw material costs from October.

Question 5: What is the current order book position?
Answer: Our confirmed order book stands at Rs.23 crores for bi-metal and Rs.60 crores for aluminum, totaling Rs.90 crores over the next two years. Conversion of RFQs is ongoing.

Question 6: Will there be further expansion of capacity beyond Kolhapur?
Answer: No, we don't plan to expand beyond Kolhapur. Having all plants nearby ensures efficiency and better control, leading to better margins.

Question 7: How will the introduction of the dynamometer impact revenue?
Answer: We expect incremental revenue of around Rs.2.5 crores per month once we complete the testing and approval of our new dynamometer, likely by the end of this year.

Question 8: Are you exploring the EV segment?
Answer: We are supplying components for electric vehicle parts to Tesla and Tata Motors. We're also developing parts for Porsche, which are expected to start production soon.

Question 9: What is the guidance for FY '26 in terms of EBITDA and PAT?
Answer: For FY '26, we maintain our guidance of Rs.65 crores in EBITDA and a net profit of around Rs.37 crores.

Question 10: How do you see margins sustaining in the bearings business?
Answer: We expect margins to remain stable, with the aluminum division showing better margins than bi-metal. The brakes segment should improve as we utilize capacity and gain approvals.

Pros

Technicals: Bullish SharesGuru indicator.

Profitability: Recent profitability of 10% is a good sign.

Insider Trading: There's significant insider buying recently.

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Cons

Smart Money: Smart money is losing interest in the stock.

Momentum: Stock has a weak negative price momentum.

Size: It is a small market cap company and can be volatile.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: MENONBE vs Auto Components

Comprehensive comparison against sector averages

Comparative Metrics

MENONBE metrics compared to Auto

Category	MENONBE	Auto
PE	28.25	38.72
PS	2.90	2.25
Growth	9.1 %	8.3 %

Performance Comparison

MENONBE vs Auto (2021 - 2025)

Key Insights

1. MENONBE is NOT among the Top 10 largest companies in Auto Components & Equipments.
2. The company holds a market share of 0.1% in Auto Components & Equipments.
3. The company is growing at an average growth rate of other Auto Components & Equipments companies.

Shareholder Name	Holding %
Nitin Ram Menon	27.56%
MENON UNITED PRIVATE LIMITED	24.3%
Aditya Nitin Menon	5.79%
Anshul Nitin Menon	5.79%
Sucheta Nitin Menon	5%

Balance Sheet for Menon Bearings

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-21.7%	19	24	18	11	7.94	7.02
Loans, current	363%	21	5.32	0.9	1.08	1.45	1.64
Total current financial assets	-7.1%	79	85	71	65	66	62
Inventories	-28.6%	16	22	21	22	21	21
Total current assets	-11.3%	95	107	92	86	87	84
Property, plant and equipment	-18.3%	59	72	75	76	76	79
Capital work-in-progress	-23.1%	11	14	0.01	8.3	4.7	0
Investment property	-55.6%	13	28	0	0	0.51	0
Non-current investments	-	0	0	10	9.54	0	0
Loans, non-current	-	0	0	1.2	1.2	1.15	1.06
Total non-current financial assets	-41.9%	1.43	1.74	12	11	1.15	1.06
Total non-current assets	-27%	85	116	87	95	83	80
Total assets	-19.4%	180	223	179	182	170	163
Borrowings, non-current	16.7%	22	19	18	5.79	7.59	6.64
Total non-current financial liabilities	10.5%	22	20	18	5.79	7.59	6.64
Total non-current liabilities	8.7%	26	24	22	9.46	12	11
Borrowings, current	38.5%	19	14	6.38	8.85	18	17
Total current financial liabilities	3.1%	34	33	21	29	39	39
Total current liabilities	-32.7%	36	53	23	39	42	40
Total liabilities	-21.1%	61	77	45	48	53	51
Equity share capital	0%	5.6	5.6	5.6	5.6	5.6	5.6
Total equity	-18.6%	119	146	135	133	117	112
Total equity and liabilities	-19.4%	180	223	179	182	170	163

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	4.3%	25	24	18	11	-	-
Loans, current	-106.8%	0.84	3.37	0.91	1.08	-	-
Total current financial assets	7.2%	90	84	73	65	-	-
Inventories	9.1%	25	23	22	22	-	-
Total current assets	7.5%	115	107	95	86	-	-
Property, plant and equipment	19%	95	80	83	76	-	-
Capital work-in-progress	-23.1%	11	14	0.01	8.3	-	-
Investment property	-	4.9	0	0	0	-	-
Non-current investments	-	0	0	2.14	1.29	-	-
Loans, non-current	-235.1%	0	1.74	1.2	1.2	-	-
Total non-current financial assets	20.3%	1.89	1.74	3.34	2.48	-	-
Total non-current assets	13.1%	113	100	86	87	-	-
Total assets	10.7%	229	207	181	174	-	-
Borrowings, non-current	5.6%	20	19	18	5.79	-	-
Total non-current financial liabilities	5.3%	21	20	18	5.79	-	-
Total non-current liabilities	4.3%	25	24	22	9.46	-	-
Borrowings, current	92.3%	26	14	6.38	8.85	-	-
Total current financial liabilities	54.5%	52	34	23	29	-	-
Total current liabilities	51.4%	57	38	25	31	-	-
Total liabilities	32.8%	82	62	47	40	-	-
Equity share capital	0%	5.6	5.6	5.6	5.6	-	-
Total equity	1.4%	147	145	134	133	-	-
Total equity and liabilities	10.7%	229	207	181	174	-	-

Cash Flow for Menon Bearings

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	16.8%	3.23	2.91	2.59
Change in inventories	-1.4%	-0.43	-0.41	-4.75
Depreciation	3.3%	8.15	7.92	7.75
Adjustments for interest income	121.4%	1.12	0.44	0.33
Net Cashflows from Operations	-26.7%	45	61	32
Income taxes paid (refund)	-16.1%	8.55	10	7.85
Net Cashflows From Operating Activities	-26.5%	37	50	24
Purchase of property, plant and equipment	-38.2%	3.88	5.66	6.33
Proceeds from sales of investment property	-89.3%	-18.76	-9.44	1.45
Purchase of intangible assets	-	0	0	0.03
Purchase of other long-term assets	-33.7%	5.83	8.29	-1.1
Interest received	121.4%	1.12	0.44	0.33
Other inflows (outflows) of cash	-	0	0	-0.01
Net Cashflows From Investing Activities	-18.4%	-27.35	-22.95	-3.49
Payments to acquire or redeem entity's shares	11.4%	0.22	0.12	0
Repayments of borrowings	-368.3%	-19.5	8.64	5.9
Dividends paid	20%	13	11	11
Interest paid	16.8%	3.23	2.91	2.59
Net Cashflows from Financing Activities	110.2%	3.44	-22.87	-19.7
Net change in cash and cash eq.	255%	13	4.38	1.04

Consolidated figures (in Rs. Crores) / View Standalone Data

Finance costs	18.8%
Change in inventories	-56%
Depreciation	11.4%
Adjustments for interest income	121.4%
Net Cashflows from Operations	-40%
Income taxes paid (refund)	-16.1%
Net Cashflows From Operating Activities	-42.9%
Purchase of property, plant and equipment	157.5%
Proceeds from sales of investment property	68.8%
Purchase of other long-term assets	-33.7%
Interest received	121.4%
Net Cashflows From Investing Activities	14.5%
Proceeds from issuing shares	-13.6%
Payments to acquire or redeem entity's shares	-
Repayments of borrowings	-372.9%
Dividends paid	20%
Interest paid	18.8%
Other inflows (outflows) of cash	10.7%
Net Cashflows from Financing Activities	111.6%
Net change in cash and cash eq.	255%

Income Statement for Menon Bearings

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-5%	39	41	40	52	49	50
Other Income	40%	0.7	0.5	0.45	1.18	0.9	0.98
Total Income	-2.5%	40	41	40	53	50	51
Cost of Materials	-6.2%	16	17	17	19	20	20
Employee Expense	-2%	7.27	7.4	7.05	8.9	8.81	8.79
Finance costs	26.3%	0.86	0.81	0.69	0.84	0.93	0.88
Depreciation and Amortization	0%	1.05	1.05	1.03	1.94	2.07	2.08
Other expenses	5.7%	9.18	8.74	8.28	13	12	12
Total Expenses	0%	34	34	34	44	43	43
Profit Before exceptional items and Tax	-25.8%	5.52	7.09	6.32	8.92	7.4	8.34
Total profit before tax	-25.8%	5.52	7.09	6.32	8.92	7.4	8.34
Current tax	-52.6%	1.36	1.76	1.54	2.22	1.81	2.05
Deferred tax	-	0	0	0	0.23	0	0
Total tax	-52.6%	1.36	1.76	1.54	2.45	1.81	2.05
Total profit (loss) for period	-27%	4.16	5.33	4.78	6.47	5.59	6.3
Other comp. income net of taxes	-41.4%	-0.4	0.01	0	0.03	-0.23	0.03
Total Comprehensive Income	-36.6%	3.76	5.35	4.79	6.5	5.36	6.32
Earnings Per Share, Basic	-420%	0.74	0.95	0.85	1.15	1	1.12
Earnings Per Share, Diluted	-420%	0.74	0.95	0	1.15	1	1.12

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-5.1%	206	217	195	148	136	173
Other Income	39.1%	3.67	2.92	2.61	3.03	4.26	2.52
Total Income	-4.6%	210	220	198	151	140	175
Cost of Materials	-9.2%	80	88	86	53	44	63
Employee Expense	9.7%	35	32	29	25	25	25
Finance costs	16.8%	3.23	2.91	2.59	3.57	4.57	3.54
Depreciation and Amortization	3.3%	8.15	7.92	7.75	7.48	6.88	4.82
Other expenses	4.3%	49	47	43	37	40	44
Total Expenses	-1.1%	175	177	166	126	121	139
Profit Before exceptional items and Tax	-21.4%	34	43	32	25	20	36
Total profit before tax	-21.4%	34	43	32	25	20	36
Current tax	-16.1%	8.55	10	7.85	5.65	5.02	11
Deferred tax	51.6%	0.23	-0.59	-0.03	0.42	0.19	0.17
Total tax	-12.7%	8.78	9.91	7.82	6.07	5.21	11
Total profit (loss) for period	-21.9%	26	33	25	19	14	25
Other comp. income net of taxes	-9.4%	-0.16	-0.06	-0.06	0.12	0.03	0.05
Total Comprehensive Income	-21.9%	26	33	24	19	14	25
Earnings Per Share, Basic	-26%	4.58	5.84	4.38	3.35	2.57	4.51
Earnings Per Share, Diluted	-26%	4.58	5.84	4.38	3.35	2.57	4.51

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-1.7%	58	59	58	54	51	51
Other Income	475%	1.15	0.96	0.7	1.18	0.9	0.98
Total Income	0%	60	60	58	55	52	52
Cost of Materials	4.3%	25	24	24	20	21	20
Employee Expense	0%	10	10	10	8.77	9.23	8.98
Finance costs	76.9%	1.23	1.13	0.88	0.88	0.93	0.88
Depreciation and Amortization	0%	2.35	2.35	2.26	2.18	2.2	2.25
Other expenses	-7.1%	14	15	14	15	12	12
Total Expenses	2%	52	51	50	47	45	44
Profit Before exceptional items and Tax	-20.9%	7.31	8.98	8.23	8.07	7.28	8.02
Total profit before tax	-20.9%	7.31	8.98	8.23	8.07	7.28	8.02
Current tax	-34.4%	1.84	2.28	2.07	2.22	1.81	2.05
Deferred tax	-	0	0	0	0.23	0	0
Total tax	-34.4%	1.84	2.28	2.07	2.45	1.81	2.05
Total profit (loss) for period	-21.6%	5.47	6.7	6.16	5.62	5.47	5.97
Other comp. income net of taxes	-43.3%	-0.39	0.03	0.01	0.03	-0.23	0.03
Total Comprehensive Income	-28.8%	5.08	6.73	6.16	5.66	5.24	5.99
Earnings Per Share, Basic	-110%	0.98	1.2	1.1	1	0.98	1.06
Earnings Per Share, Diluted	-110%	0.98	1.2	0	1	0.98	1.06

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-2.8%	211	217	-	-	-	-
Other Income	39.1%	3.67	2.92	-	-	-	-
Total Income	-2.7%	214	220	-	-	-	-
Cost of Materials	-5.7%	83	88	-	-	-	-
Employee Expense	12.9%	36	32	-	-	-	-
Finance costs	18.8%	3.27	2.91	-	-	-	-
Depreciation and Amortization	11.4%	8.71	7.92	-	-	-	-
Other expenses	10.9%	52	47	-	-	-	-
Total Expenses	2.3%	181	177	-	-	-	-
Profit Before exceptional items and Tax	-23.8%	33	43	-	-	-	-
Total profit before tax	-23.8%	33	43	-	-	-	-
Current tax	-16.1%	8.55	10	-	-	-	-
Deferred tax	51.6%	0.23	-0.59	-	-	-	-
Total tax	-12.7%	8.78	9.91	-	-	-	-
Total profit (loss) for period	-28.1%	24	33	-	-	-	-
Other comp. income net of taxes	-9.4%	-0.16	-0.06	-	-	-	-
Total Comprehensive Income	-28.1%	24	33	-	-	-	-
Earnings Per Share, Basic	-30.8%	4.35	5.84	-	-	-	-
Earnings Per Share, Diluted	-30.8%	4.35	5.84	-	-	-	-

Investor Care
Dividend Yield	1.79%
Dividend/Share (TTM)	2
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	3.18

Financial Health
Current Ratio	2.04
Debt/Equity	0.32
Debt/Cashflow	0.61

Valuation
Market Cap	667.55 Cr
Price/Earnings (Trailing)	27.87
Price/Sales (Trailing)	2.86
EV/EBITDA	14.56
Price/Free Cashflow	42.67
MarketCap/EBT	20.48

Fundamentals
Revenue (TTM)	233.07 Cr
Rev. Growth (Yr)	13.62%
Rev. Growth (Qtr)	-1.36%
Earnings (TTM)	23.95 Cr
Earnings Growth (Yr)	0.05%
Earnings Growth (Qtr)	-18.34%

Profitability
Operating Margin	13.98%
EBT Margin	13.98%
Return on Equity	16.33%
Return on Assets	10.48%
Free Cashflow Yield	2.34%

MENONBE - Menon Bearings Ltd Share Price

What does Menon Bearings Ltd do?

Summary of Latest Earnings Report from Menon Bearings

Major Questions and Answers from the Q&A Section of Menon Bearings Limited Earnings Call

Sector Comparison: MENONBE vs Auto Components

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Balance Sheet for Menon Bearings

Cash Flow for Menon Bearings

Income Statement for Menon Bearings

Investor Care

Financial Health

Valuation

Fundamentals

Profitability