Munjal Showa

NSE: MUNJALSHOW · Auto Components & Equipments

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52W Range₹110 – ₹147

Snapshot

Unlock Munjal Showa's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Munjal Showa Limited is an Indian manufacturer specialising in suspension systems and auto components for the two-wheeler and four-wheeler automotive sectors. Its product portfolio includes front forks, shock absorbers, struts, and gas springs.

Business Model

The company generates revenue through the manufacturing and supply of automotive components to original equipment manufacturers (OEMs) in the Indian market.

  • Incorporation Year:1985

Growth Outlook

Growth is primarily driven by the expansion of the Indian automotive industry and sustained demand for high-quality suspension components from major vehicle manufacturers.

Key Risks

  • Cyclicality of Automotive Industry. The company's performance is highly sensitive to fluctuations in demand within the automotive sector and broader economic conditions.
  • Customer Concentration. Reliance on a limited number of major automotive OEMs for the majority of revenue poses a significant concentration risk.
  • Input Cost Volatility. Fluctuations in the prices of raw materials, particularly steel and aluminium, can adversely impact operating margins.
  • Technological Disruption. The transition toward electric vehicles may necessitate significant R&D investment to adapt traditional suspension components for new vehicle architectures.

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Key Metrics

REVENUE

₹1,377 Cr

TTM · standalone

+12.3%YoY

NET PROFIT

₹25 Cr

TTM · standalone

-1.6%YoY

EPS

₹6.21

TTM · standalone

-1.4%YoY

RETURN ON EQUITY

3.7%

TTM · standalone

+0.0 ppYoY

RETURN ON CAPITAL EMPLOYED

4.8%

TTM · standalone

+0.2 ppYoY

P/E

20.1×

Q1 FY27 · standalone

20.1 vs 21.6x5Y avg

EV/EBITDA

11.7x

Q1 FY27 · standalone

11.7 vs 12.1x5Y avg

EBITDA MARGIN

3.3%

TTM · standalone

-0.2 ppYoY

NET PROFIT MARGIN

3.2%

Q1 FY27 · standalone

+0.3 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · standalone

+0.00xYoY

Peers · Auto Components & Equipments

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Munjal ShowaMUNJALSHOW
₹534 Cr20.1×11.7312.3%3.3%3.7%4.8%-11.6%
ZF Steering Gear (India) LimitedZFSTEERING
₹638 Cr32.4×8.2216.5%15.4%3.8%8.1%-31.0%
Kinetic Engineering Ltd.KINETICENG
₹609 Cr-53.2×237.1625.1%1.6%-9.7%-3.4%-22.0%
Triton ValvesTRITONV
₹581 Cr17.1×16.0521.9%7.0%15.1%22.7%-66.0%
Hindustan Composites LimitedHINDCOMPOS
₹575 Cr17.4×12.83-8.1%14.5%2.9%2.7%-15.7%
Omax AutosOMAXAUTO
₹449 Cr10.6×5.3531.8%17.2%12.2%17.5%+51.5%

As of Q1 FY27

Financials