Menon Bearings Limited (IN:MENONBE)
:MENONBE
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Menon Bearings Limited
(MENONBE)
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Rating:71Outperform
Price Target:
₹158.00
▲(42.09% Upside)
Action:Upgraded
Date:05/19/26
The score is driven by strong technical uptrend and solid growth/profitability, but is held back by deteriorating cash generation and negative recent free cash flow. Valuation appears reasonable with a modest dividend yield.
Positive Factors
Sustained Revenue Growth
Consistent multi-year revenue growth, with acceleration to ~16.6% in 2026, indicates expanding OEM and aftermarket traction. This durability suggests deeper platform wins, better utilization of manufacturing capacity and stronger order visibility versus one-off spikes, supporting medium-term top-line resilience.
Negative Factors
Weakening Cash Generation
Material decline in operating cash flow and consecutive negative free cash flow point to heavier capex or working-capital strain. If persistent, this undermines self-funded growth, increases reliance on external financing and raises execution risk for new programs or export expansion over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent multi-year revenue growth, with acceleration to ~16.6% in 2026, indicates expanding OEM and aftermarket traction. This durability suggests deeper platform wins, better utilization of manufacturing capacity and stronger order visibility versus one-off spikes, supporting medium-term top-line resilience.
Read all positive factors
Menon Bearings Limited (MENONBE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.02B
Dividend Yield1.9%
Average Volume (3M)6.12K
Price to Earnings (P/E)15.0
Beta (1Y)0.86
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
Menon Bearings Limited engages in the manufacture and sale of auto components in India. Its bearing products include bi-metal engine bearings; bushes and thrust washers for light and heavy automobile engines, and two-wheeler engines; and compresso...
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
123.29
Positive
120.10
Positive
121.09
Positive
Market Momentum
6.96
Negative
71.87
Negative
61.46
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 131.79, below the 50-day MA of 123.29, and below the 200-day MA of 121.09, indicating a bullish trend. The MACD of 6.96 indicates Negative momentum. The RSI at 71.87 is Negative, neither overbought nor oversold. The STOCH value of 61.46 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹34.43B | 14.68 | ― | 2.39% | 11.39% | 79.67% | |
72 Outperform | ₹6.06B | 11.00 | ― | 0.46% | 15.39% | -11.12% | |
71 Outperform | ₹8.02B | 15.03 | ― | 1.90% | 22.79% | 53.44% | |
59 Neutral | ₹2.36B | -54.31 | ― | 0.22% | 2.00% | -180.76% | |
56 Neutral | ₹8.71B | 14.78 | ― | 1.24% | 11.83% | -11.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MENONBE
Menon Bearings Limited
148.35
33.96
29.69%
IN:HINDCOMPOS
Hindustan Composites Limited
407.25
-26.28
-6.06%
IN:MUNJALAU
Munjal Auto Industries Limited
88.65
10.05
12.79%
IN:NRBBEARING
NRB Bearings Ltd.
356.30
93.36
35.51%
IN:SUNDRMBRAK
Sundaram Brake Linings Limited
601.00
-153.29
-20.32%
Menon Bearings Limited Corporate Events
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 ...
Menon Bearings Reshapes Top Management With New MD and CFO
Mar 3, 2026
Menon Bearings Limited has announced a leadership transition, with long-serving Managing Director R. D. Dixit resigning from his role effective at the close of business on 3 March 2026 due to advancing age, with the company confirming no other mat...
Menon Bearings Reshapes Top Management as MD Retires and New CFO Appointed
Mar 3, 2026
Menon Bearings Limited has announced a leadership transition at the top management level, with long-serving Managing Director R. D. Dixit stepping down due to advancing age, effective at the close of business on 3 March 2026. The company has clari...
Menon Bearings Reshapes Top Management as Long-Serving MD Steps Down
Mar 3, 2026
Menon Bearings Limited has announced a leadership reshuffle, with long-serving Managing Director R. D. Dixit stepping down due to advancing age, and the board confirming there are no other material reasons for his resignation. His departure marks ...
Menon Bearings Reshuffles Top Management as Managing Director R.D. Dixit Resigns
Mar 3, 2026
Menon Bearings Limited has announced that Managing Director R.D. Dixit has resigned with effect from the close of business on March 3, 2026, citing advancing age, with the board confirming there are no other material reasons for his departure. The...
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.