Menon Bearings Limited (IN:MENONBE)
:MENONBE
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Menon Bearings Limited
(MENONBE)
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Rating:68Neutral
Price Target:
₹185.00
▲(66.37% Upside)
Action:Reiterated
Date:06/10/26
The score is driven primarily by solid growth/profitability and a strengthening balance sheet, offset by deteriorating cash flow and negative free cash flow in the last two years. Technicals are supportive due to a clear uptrend, but overbought conditions temper upside. Valuation is a mild headwind with a mid-20s P/E and only a modest dividend yield.
Positive Factors
Sustained revenue growth
Consistent multi-year revenue expansion and an acceleration in 2026 indicate improving market penetration and demand for core products. Durable top-line growth supports capacity utilization, scale benefits and provides a foundation for long-term earnings improvement if margins stabilize.
Negative Factors
Deteriorating cash generation
Material decline in operating cash flow and consecutive negative free cash flow signal weaker cash conversion and rising working-capital or capex needs. Persistent cash deficits increase financing needs and execution risk, limiting strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Consistent multi-year revenue expansion and an acceleration in 2026 indicate improving market penetration and demand for core products. Durable top-line growth supports capacity utilization, scale benefits and provides a foundation for long-term earnings improvement if margins stabilize.
Read all positive factors
Menon Bearings Limited (MENONBE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.83B
Dividend Yield1.9%
Average Volume (3M)6.12K
Price to Earnings (P/E)24.8
Beta (1Y)1.00
Revenue Growth22.79%
EPS Growth53.44%
CountryIN
Employees243
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)5.59
Shares Outstanding56,040,000
10 Day Avg. Volume4,658
30 Day Avg. Volume6,118
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)3.10
Price to Sales (P/S)1.96
P/FCF Ratio-72.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Menon Bearings Limited Business Overview & Revenue Model
Company Description
Established in Kolhapur, India, in 1991, Menon Bearings Limited is a prominent manufacturer and supplier of diverse automotive components. The company's offerings include bi-metal engine bearings, alongside bushes and thrust washers specifically e...
How the Company Makes Money
Menon Bearings makes money primarily by manufacturing and selling engine bearings and related components to customers in the automotive and industrial supply chains. Key revenue streams typically include: (1) OEM sales: supplying bearings and prec...
Menon Bearings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.52B | 2.94B | 2.39B | 2.12B | 2.17B | 1.96B |
| Gross Profit | 1.56B | 678.52M | 1.41B | 1.27B | 1.29B | 977.89M |
| EBITDA | 532.41M | 587.73M | 419.19M | 451.19M | 533.34M | 426.89M |
| Net Income | 272.96M | 382.51M | 249.34M | 243.55M | 326.02M | 245.34M |
Balance Sheet | ||||||
| Total Assets | 2.44B | 2.68B | 2.31B | 2.07B | 1.82B | 1.63B |
| Cash, Cash Equivalents and Short-Term Investments | 209.58M | 125.95M | 199.96M | 242.21M | 113.72M | 70.22M |
| Total Debt | 530.70M | 466.30M | 428.35M | 347.54M | 146.45M | 232.82M |
| Total Liabilities | 852.87M | 821.76M | 720.28M | 620.49M | 483.48M | 513.50M |
| Stockholders Equity | 1.59B | 1.85B | 1.59B | 1.45B | 1.33B | 1.12B |
Cash Flow | ||||||
| Free Cash Flow | 73.90M | -78.88M | -39.73M | 99.98M | 361.37M | 178.45M |
| Operating Cash Flow | 129.82M | 190.49M | 270.50M | 283.35M | 500.88M | 242.18M |
| Investing Cash Flow | -58.12M | -190.37M | -264.24M | -194.76M | -229.51M | -34.86M |
| Financing Cash Flow | -62.08M | -74.13M | -66.32M | 39.76M | -227.56M | -196.96M |
Menon Bearings Limited Technical Analysis
Positive
111.20
Price Trends
140.58
Positive
129.12
Positive
123.84
Positive
Market Momentum
9.79
Negative
68.65
Neutral
76.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MENONBE, the sentiment is Positive. The current price of 111.2 is below the 20-day moving average (MA) of 156.17, below the 50-day MA of 140.58, and below the 200-day MA of 123.84, indicating a bullish trend. The MACD of 9.79 indicates Negative momentum. The RSI at 68.65 is Neutral, neither overbought nor oversold. The STOCH value of 76.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MENONBE.
Menon Bearings Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹6.23B | 19.68 | ― | 0.46% | 15.39% | -11.12% | |
72 Outperform | ₹41.53B | 28.52 | ― | 2.39% | 11.39% | 79.67% | |
68 Neutral | ₹9.83B | 24.84 | ― | 1.90% | 22.79% | 53.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹9.83B | 20.98 | ― | 1.24% | 11.07% | 10.41% | |
51 Neutral | ₹3.19B | 116.84 | ― | 0.22% | -2.15% | -50.36% |
* General Sector Average
IN:MENONBE
Menon Bearings Limited
175.35
54.70
45.34%
IN:HINDCOMPOS
Hindustan Composites Limited
422.00
-51.07
-10.80%
IN:MUNJALAU
Munjal Auto Industries Limited
98.29
26.45
36.82%
IN:NRBBEARING
NRB Bearings Ltd.
428.50
155.73
57.09%
IN:SUNDRMBRAK
Sundaram Brake Linings Limited
811.95
38.09
4.92%
Menon Bearings Limited Corporate Events
Menon Bearings Reschedules Mumbai Investor Meetings to 12 June 2026
Jun 7, 2026
Menon Bearings Limited has informed stock exchanges that its previously planned analyst and institutional investor meeting in Mumbai on 8 June 2026 has been postponed due to unforeseen circumstances and rescheduled for 12 June 2026. The in-person ...
Menon Bearings posts FY26 results call transcript for investors
May 24, 2026
Menon Bearings Limited has disclosed that its management recently held an earnings conference call to discuss the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 with analysts and insti...
Menon Bearings Launches 100-Day Drive to Help Investors Recover Unclaimed Dividends
May 2, 2026
Menon Bearings Limited has launched the Second 100 Days Campaign “Saksham Niveshak” from April 1 to July 9, 2026, aligning with a wider initiative by the Investor Education and Protection Fund Authority under the Ministry of Corporate ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.