Menon Pistons Ltd.
Snapshot View

34.80 +5.80 ▲20.0%

29 July 2021, 04:00:00 P.M.
Volume: 909,830

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.menonpistons.com
Financial Indicators
Market Cap 177.48 Cr.
Earnings per share (EPS) 1.75 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 19.86 Trailing Twelve Months Ending 2021-03
Industry PE 88.20 Trailing Twelve Months Ending 2021-03
Book Value / Share 16.33 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.13 Calculated using Price: 34.80
Dividend Yield 1.29 Period Ending 2020-03
No. of Shares Subscribed 5.10 Cr. 51,000,000 Shares
FaceValue 1
Company Profile

Menon Pistons Ltd. ( MPL ) ventured into the manufacture of pistons in 1971 without any collaboration or technical assistance of any piston manufacturer. Menon Pistons’s  manufacturing plant was set up at the industrial estate in Shiroli, Kolhapur, a small industrial city, south east of Mumbai & delivered the First Ring Carrier piston to the Indian diesel engine industry in 1971.

Menon Group, the multi-product, high end critical auto components group with a turnover exceeding Rs 300 crore, & globally positioned with business activities spanning 24 countries around the globe exporting 35 % of its production. The Menon Group's historic commitment to quality and customer service, strong corporate values, disciplined & professional management systems, emphasis on trust in business relations, & our ability to meet special needs is recognized the word over.

In the year 1985 a second unit was started in Sangli, yet again a small town 60 km away from Kolhapur to manufacture Gudgeon Pins & Pistons for stationary & industrial applications. In the year 1996 a third unit was added in Shiroli industrial estate exclusively for the manufacture of small pistons to industrial applications & passenger cars. Currently this plant concentrates on the manufacturing of pistons for passenger car as an “ Exclusive & Single source “ supplier to Maruti Suzuki Ltd, for their prize vehicle “ Swift ”

The company has kept pace with the growing trends by virtue of streamlining quality systems, development of quality culture, adoption of latest technology & equipment. Products of Menon Pistons enjoy a high degree of customer satisfaction & value for the money & has been the choice of discerning customers as most cost effective supplier.

Menon Pistons Ltd., manufactures aluminium alloy pistons, piston pins, and piston rings for passenger cars, heavy and light commercial vehicles, heavy duty diesel engines for power generation and earth movers, compressors, etc.

Product range of the company includes:

MPL's product range boasts of piston assemblies for diverse array of high tech features catering to the wide variety of applications such as :

  • Heavy Duty Diesel Engines for Power Generation / Off Highway Vehicles/Gas Engines
  • Heavy/Medium/Light Commercial Vehicles with Diesel Engines.
  • Passenger Car (Diesel & Gasoline) Engines
  • Bi-wheeler (4 Stroke) / Small Engine Applications

Clients:

  • Tata
  • Suzuki
  • Cummins
  • Greaves
  • New Holland
  • Eicher
  • Kirloskar
  • Arrow Engine Company

Milestones:

  • 1969 - Company Incorporated.
  • 1971 - Developed Ring Carrier Piston (Alfin Piston) Fist Time in India for Cummins which was import substitution.
  • 1978 -100,000Th Piston Produced for Cummins alone.
  • 1982 - Technology upgradation Agreement with Sakura Kogyo Co.Ltd, Japan, for manufacture of Pistons.
  • 1985 -Started Gudgeon Pin Production in Plant 2 – Sangli (Maharashtra).
  • 1985 -First Export of Pistons to Russia. Upto 1991 supplied pistons to AVTO LADA & 40000 large dia pistons to tractor company in USSR.
  • 1985 -ISO 9002 Certification by BVQI, UK.
  • 1994 -Best Vendor Performance Award by Maruti Udyog Ltd.
  • 1995 -“Ship to Use” Status awarded by Cummins India Ltd.
  • 1996 - Company became Public Limited.
  • 1996 -Technical Tie up with M/s. Izumi Industries Ltd, Japan, one of the leading piston manufacturers in the world.
  • 2000 -QS 9000 certification by TUV Suddeutschland, Germany.
  • 2001 -Reached a total supply of 1.5 Million Pistons to Cummins.
  • 2004 -Re-certification of QS 9000 by TUV Suddeutschland, Germany.
  • 2005 -TS 16949 certification by TUV Suddeutschland, Germany.
  • 2006 -Signed Technical License Agreement with M/s. Dong Yang Piston Co Ltd, South Korea.
  • 2006- First surveillance audit of TS 16949 successfully completed.
  • 2007 -Development of cooled gallery piston for heavy duty application.

Achievements/ recognition:

  • The First Company in India to develop Ring Carrier Pistons
  • Best Vendor Award from Maruti Udyog Ltd in the year 1994-95
  • “Ship -to - Use” Status by Cummins India Ltd since 1995
  • Faster Development Award from Kirloskar Oil Engines Ltd
  • ISO/TS: 16949 Certified by TUV Suddentschland in 2005
  • “Outstanding Supplier For Excellent Performance” award from Cummins Group in July 2006

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+20.00%
1 Week
+24.06%
1 Month
+31.32%
3 Month
+81.72%
6 Month
+79.84%
1 Year
+224.02%
2 Year
+109.64%
5 Year
+117.36%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 21.18 8.62 3.31 10.01 7.21 11.56 10.10 13.51 5.76
Return on Capital Employed (%) 25.22 12.70 8.01 13.50 11.48 15.68 15.90 18.08 7.34
Return on Assets (%) 9.01 3.76 1.52 5.01 4.02 7.27 6.93 9.98 4.51

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 52 55 56 59 61 68 71 78 75
Non Curr. Liab. 10 8 4 4 4 3 3 2 2
Curr. Liab. 57 61 56 49 36 31 26 22 17
Minority Int.
Equity & Liab. 119 124 116 113 101 103 100 102 93
Non Curr. Assets 41 46 44 40 35 33 33 37 37
Curr. Assets 77 78 71 72 65 70 68 65 56
Misc. Exp. not W/O 1 1 1 1 1
Total Assets 119 124 116 113 101 103 100 102 93

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 165 153 142 144 130 133 146 156 118
Other Income 2 2 2 1 2 2 2 1 0
Total Income 167 154 144 146 133 135 148 157 118
Total Expenditure -145 -139 -133 -130 -119 -118 -130 -137 -107
PBIDT 23 16 11 16 14 17 17 19 11
Interest -3 -4 -4 -3 -2 -2 -1 0 0
Depreciation -4 -5 -4 -5 -4 -4 -4 -5 -5
Taxation -5 -2 -1 -2 -2 -3 -5 -4 -1
Exceptional Items
PAT 10 5 2 6 4 7 7 10 4

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 16 0 6 3 11 5 1 11 15
Cash Fr. Inv. -11 -8 -1 1 1 -5 4 -8 -7
Cash Fr. Finan. -1 3 -15 -6 -13 -1 -4 -4 -8
Net Change 4 -5 -10 -2 -1 -1 1 -1 1
Cash & Cash Eqvt 24 18 8 7 6 1 2 1 2

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 74.37 74.37 74.37 74.37 74.37 74.37 74.37 74.37 74.37
Public 25.63 25.63 25.63 25.63 25.63 25.63 25.63 25.63 25.63
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 29 Jul 2021
Board Meeting Outcome for Considered And Approved And Taken On Record The Unaudited Financial Results Along With Limited<BR> Review Report Of Statutory Auditor For The Quarter Ended On 30Th June 2021.
The meeting of Board of Directors of the Company was held today i.e. Thursday 29" July 2021 inter-alia considered following matter:
1. Considered and approved and taken on record the Unaudited Financial Results along with Limited
Review Report of Statutory Auditor for the quarter ended on 30th June 2021.
Thu, 29 Jul 2021
Results - Financial Results For The Quarter Ended On June - 2021
Results - Financial Results for the quarter ended on June - 2021
Thu, 29 Jul 2021
Shareholder Meeting / Postal Ballot-Outcome of AGM
Outcome of 44th Annual General Meeting of the Company held on 29th July 2021

Technical Scans View Details

Thu, 29 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 211,211.36 6,993.50 -2.4%
Bajaj Auto Ltd. 108,883.02 3,763.75 -1.4%
Tata Motors Ltd. 97,285.02 292.90 +3.0%
Mahindra & Mahindra Ltd. 90,964.40 731.45 +0.4%
Motherson Sumi Systems Ltd. 75,332.52 238.45 +4.2%
Eicher Motors Ltd. 69,133.10 2,528.15 -0.9%
Hero MotoCorp Ltd. 54,876.29 2,745.70 -1.2%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-06 41.15 6,993.50 -2.4%
Bajaj Auto Ltd. Consolidated 2021-06 19.33 3,763.75 -1.4%
Tata Motors Ltd. Consolidated 2021-06 0.00 292.90 +3.0%
Mahindra & Mahindra Ltd. Consolidated 2021-03 50.19 731.45 +0.4%
Motherson Sumi Systems Ltd. Consolidated 2021-03 72.50 238.45 +4.2%
Eicher Motors Ltd. Consolidated 2021-03 51.33 2,528.15 -0.9%
Hero MotoCorp Ltd. Consolidated 2021-03 18.81 2,745.70 -1.2%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-06 3.99 6,993.50 -2.4%
Bajaj Auto Ltd. Consolidated 2021-06 3.84 3,763.75 -1.4%
Tata Motors Ltd. Consolidated 2021-06 1.91 292.90 +3.0%
Mahindra & Mahindra Ltd. Consolidated 2021-03 2.20 731.45 +0.4%
Motherson Sumi Systems Ltd. Consolidated 2021-03 6.45 238.45 +4.2%
Eicher Motors Ltd. Consolidated 2021-03 6.09 2,528.15 -0.9%
Hero MotoCorp Ltd. Consolidated 2021-03 3.56 2,745.70 -1.2%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 0.00 6,993.50 -2.4%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,763.75 -1.4%
Tata Motors Ltd. Consolidated 2021-03 2.46 292.90 +3.0%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 731.45 +0.4%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1.13 238.45 +4.2%
Eicher Motors Ltd. Consolidated 2021-03 0.01 2,528.15 -0.9%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,745.70 -1.2%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 11.52 6,993.50 -2.4%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,763.75 -1.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 292.90 +3.0%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 731.45 +0.4%
Motherson Sumi Systems Ltd. Consolidated 2020-03 11.98 238.45 +4.2%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,528.15 -0.9%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,745.70 -1.2%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 14.71 6,993.50 -2.4%
Bajaj Auto Ltd. Consolidated 2021-03 24.16 3,763.75 -1.4%
Tata Motors Ltd. Consolidated 2021-03 -1.27 292.90 +3.0%
Mahindra & Mahindra Ltd. Consolidated 2021-03 6.52 731.45 +0.4%
Motherson Sumi Systems Ltd. Consolidated 2020-03 12.08 238.45 +4.2%
Eicher Motors Ltd. Consolidated 2021-03 16.42 2,528.15 -0.9%
Hero MotoCorp Ltd. Consolidated 2021-03 25.96 2,745.70 -1.2%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 75,660.00 6,993.50 -2.4%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,763.75 -1.4%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 292.90 +3.0%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 731.45 +0.4%
Motherson Sumi Systems Ltd. Consolidated 2020-03 63,536.80 238.45 +4.2%
Eicher Motors Ltd. Consolidated 2021-03 8,720.35 2,528.15 -0.9%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,745.70 -1.2%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 5,559.20 6,993.50 -2.4%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,763.75 -1.4%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 292.90 +3.0%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 731.45 +0.4%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1,237.00 238.45 +4.2%
Eicher Motors Ltd. Consolidated 2021-03 1,315.76 2,528.15 -0.9%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,745.70 -1.2%