MUNJALSHOWConsumer Discretionary

Munjal Showa Limited

Auto Components & Equipments · ISIN INE577A01027 · BSE 520043 · NSE EQ · FV ₹2
Last price
₹124
-0.59%today
What this company does

Munjal Showa Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹347 cr of revenue in its latest quarter (Q1 FY27) and kept 3.2% of sales as profit.

The Company operates as an ancillary and manufactures auto components for the two-wheeler and four-wheeler industry, primary products being front forks, shock absorbers, struts, gas springs and window balancers for sale in domestic market.
The Company operates as an ancilliary and manufactures auto components for the two-wheeler and four-wheeler industry, primary products being shock absorbers, struts and window balancers.
In the report:
66out of 100
Equitytale Health Score
Solid

Healthier than 66% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
28

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Balance sheet97

How much it owes, and whether earnings cover the interest

Cash quality44

Whether reported profit actually arrives as cash

Growth & consistency50

Whether sales and profit have grown, and how steadily

Valuation79

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 21% vs last year
Profit up 36% vs last year
Promoters hold 65%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Thin 3.2% net margin
! Low 6.6% return on equity
! Operating cash flow is negative

What if I invest in MUNJALSHOW?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹124 -0.59%
latest close · 2026-09-17
1-year return
-8.5%
52-wk low ₹9252-wk high ₹148
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.0Low
LowAverageHigh
P/B ratio0.73Below book
Below bookModerateHigh
EV / EBITDA8.0Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.6%Weak
WeakFairStrong ▸15%
Return on capital7.5%Weak
WeakFairStrong
Net margin3.2%Thin
ThinDecentStrong
EBITDA margin4.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Current ratio3.72Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹496 cr
Book value
₹170
EPS
₹2.81
latest quarter
Net debt
₹-98.1 L
more cash than debt
Enterprise value
₹495 cr
EBITDA
₹62 cr
annualised
EBIT
₹51 cr
annualised
Operating margin
3.7%
Return on assets
5.2%
Earnings yield
9.07%
P/S
0.36
Sales / share
₹347.5
Tax rate
12.8%
Face value
₹2
Shares
4.0 cr
Working capital
₹474 cr
Current assets
₹648 cr
Current liabilities
₹174 cr
Delivery %
62.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 5% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹158₹158, midpoint ₹158

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹347 cr
Other Income₹13 cr
Total Income₹361 cr
Cost of Materials₹270 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹4 cr
Employee Benefit Expense₹34 cr
Finance Costs₹0 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹37 cr
Total Expenses₹348 cr
Profit before Tax₹13 cr
Tax Expense₹2 cr
Net Profit₹11 cr
Net margin on total income3.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹274 cr76.0%
Employee benefit expense₹34 cr9.4%
Depreciation & amortisation₹3 cr0.7%
Other expenses₹37 cr10.3%
Tax expense₹2 cr0.5%
Profit for the period₹11 cr3.1%
Total income ₹361 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue350 cr347 cr347 cr
Total income357 cr351 cr361 cr
Expenses340 cr350 cr348 cr
Profit before tax15 cr94.3 L13 cr
Tax4 cr98.8 L2 cr
Net profit (owners' share)11 cr-4.5 L11 cr
Net margin (owners' share, on revenue)3.1%-0.0%3.2%
EPS (₹)2.73-0.012.81
YoY (latest quarter): total income +21.4% · net profit +35.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹865 cr
Shareholder equity
₹678 cr
parent shareholders
Total debt
₹0 cr
Cash
₹98.1 L
Cash flow · H1 FY26
Operating
₹-39 cr
Investing
₹36 cr
Financing
₹-18 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.63%
trailing 12 months
Dividend / share (TTM)
₹4.5
Last dividend
₹4.5
ex 5 Aug 2026
ActionDetailEx-date
Dividend₹4.5 / share5 Aug 2026
Dividend₹4.5 / share1 Aug 2025
Dividend₹4.5 / share2 Aug 2024
Dividend₹4.5 / share4 Aug 2023
Dividend₹4.5 / share28 Jul 2022
Dividend₹4.5 / share12 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
65.0%
FII / Foreign
0.1%
DII / Domestic
0.0%
Retail / others
34.9%
Smart-money activity
Insider trades
BoughtHitachi Astemo Ltd. (formerly known as Hitachi Automotive Systems, Ltd.) · Promoters99.60 L1 Jan 21
SoldShowa Corporation · Promoters99.60 L1 Jan 21
SoldShowa Corporation · Promoters4.40 L · ₹3.3 cr28 Dec 20
Bulk / block deals
SoldESVEE CAPITAL · NSE3.80 L @ ₹122.0913 Oct 25
SoldESVEE CAPITAL · NSE3.00 L @ ₹118.423 Jun 25
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE3.05 L @ ₹184.592 Sep 24
Stake changes
SoldENAM Securities Pvt Ltd→ 4.95% · 1.70 L2 Feb 22
BoughtHitachi Astemo Limited→ 24.90% · 99.60 L1 Jan 21
BoughtHitachi Astemo Limited→ 24.90% · 99.60 L1 Jan 21
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss, Statement of change in equity and Cash Flow Statement and notes thereon for the Financial Year ended March 31, 2026 together with the reports of the Board of Directors and Auditors thereon.
Backed by 57% of shareholders other than promotersneeded 50%
40,984 votes for, 30,421 against · 0% of mutual funds and other big investors said no
2
To consider, approve and declare final dividend on equity shares for the Financial Year 2025-26.
Backed by 57% of shareholders other than promotersneeded 50%
40,984 votes for, 30,421 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Neeraj Munjal (DIN: 00037792), who retires by rotation and, being eligible, offers himself for re-appointment.
Backed by 57% of shareholders other than promotersneeded 50%
40,984 votes for, 30,421 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Tetsuya Katsumata (DIN: 11096018), who retires by rotation and, being eligible, offers himself for re-appointment.
Backed by 57% of shareholders other than promotersneeded 50%
40,974 votes for, 30,431 against · 0% of mutual funds and other big investors said no
5
Re-appointment of Mr. Yogesh Chander Munjal (DIN:00003491) as Chairman & Managing Director of the Company
⚑ Passed only because promoters voted yes
Backed by 57% of shareholders other than promotersneeded 75%
40,984 votes for, 30,421 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 65.0% between them · as of 2026-06-30
Dayanand Munjal Investments Private Limited40.10%
HITACHI ASTEMO LTD24.90%
Nidhi Kapoor0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.