Education
About Us
Working with TipRanks
Follow Us
Munjal Showa Limited (IN:MUNJALSHOW)
:MUNJALSHOW
Top Page
Munjal Showa Limited
(MUNJALSHOW)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹135.00
▲(7.66% Upside)
The score is driven primarily by a very strong, debt-free balance sheet that reduces risk, offset by inconsistent profitability and historically volatile cash generation. Technical indicators are neutral-to-weak with negative MACD and price below key longer-term averages, while valuation is supported by a moderate P/E and a solid dividend yield.
Munjal Showa Limited (MUNJALSHOW) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.75B
Dividend Yield3.69%
Average Volume (3M)2.42K
Price to Earnings (P/E)18.3
Beta (1Y)1.07
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees2,179
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.68
Shares Outstanding39,995,000
10 Day Avg. Volume3,899
30 Day Avg. Volume2,416
Financial Highlights & Ratios
PEG Ratio-2.42
Price to Book (P/B)0.66
Price to Sales (P/S)0.36
P/FCF Ratio12.66
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
Munjal Showa Limited Business Overview & Revenue Model
Company DescriptionMunjal Showa Limited manufactures and sells auto components for the two-wheeler and four-wheeler industry primarily in India. Its products comprise front forks, rear cushions, shock absorbers, struts, gas springs, rear door lifters, and window balancers. Munjal Showa Limited was incorporated in 1985 and is based in Gurugram, India.
How the Company Makes Money
Munjal Showa Limited Financial Statement Overview
Summary
Strong balance sheet with zero debt materially lowers financial risk (Balance Sheet Score 86). However, operating performance is uneven: revenue rebounded sharply in 2025 but margins are low and gross margin compressed, and cash flows have been volatile despite improvement in 2025 (Income Statement 63; Cash Flow 58).Income Statement
Revenue has been volatile, with a strong rebound in 2025 (annual revenue growth ~69%) after a softer 2024. Profitability is positive but uneven: net margin sits in the low-single digits (~2–3%) and gross margin compressed sharply in 2025 versus 2024, indicating higher input costs and/or pricing pressure. Operating profitability also looks inconsistent across years, suggesting earnings quality is sensitive to cycle and cost structure.63
Positive
Balance Sheet
The balance sheet is a key strength: the company reports zero debt across the periods shown, implying very low financial risk and high flexibility through cycles. Equity has been broadly stable-to-growing, and returns on equity are modest but positive (~4–5% recently), which is solid given the conservative leverage profile. The main weakness is that returns are not particularly high, pointing to room for efficiency or margin improvement.86
Very Positive
Cash Flow
Cash generation is mixed. Operating cash flow and free cash flow improved in 2025, and free cash flow covered a large portion of net income (roughly ~84%), which is supportive. However, the track record shows volatility, including periods of negative operating cash flow (2021) and negative free cash flow (2023), indicating working-capital swings and/or uneven capital spending needs. Overall, cash flow is improving but not yet consistently steady year-to-year.58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.26B | 12.50B | 11.73B | 12.41B | 10.60B | 10.85B |
| Gross Profit | 2.41B | 1.48B | 2.56B | 2.19B | 439.55M | 559.95M |
| EBITDA | 433.71M | 471.72M | 487.95M | 541.50M | 265.46M | 478.70M |
| Net Income | 252.28M | 288.70M | 307.66M | 319.03M | 121.50M | 261.40M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.28B | 8.11B | 8.11B | 7.86B | 8.01B |
| Cash, Cash Equivalents and Short-Term Investments | 3.46B | 3.47B | 2.82B | 2.66B | 2.60B | 2.50B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | -6.74B | 1.54B | 1.46B | 1.59B | 1.48B | 1.60B |
| Stockholders Equity | 6.74B | 6.74B | 6.64B | 6.51B | 6.37B | 6.41B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 351.79M | 71.87M | -58.35M | 224.25M | -228.54M |
| Operating Cash Flow | 0.00 | 419.84M | 114.19M | 64.38M | 299.40M | -175.43M |
| Investing Cash Flow | 0.00 | -153.68M | 186.78M | 1.59M | -52.61M | 428.05M |
| Financing Cash Flow | 0.00 | -179.86M | -180.35M | -180.77M | -180.64M | -181.19M |
Munjal Showa Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹4.75B | 18.32 | ― | 3.69% | ― | ― | |
65 Neutral | ₹3.79B | 23.32 | ― | 0.24% | 28.08% | 3.19% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ₹56.37B | 98.35 | ― | ― | 4.98% | -62.09% | |
51 Neutral | ₹1.74B | 28.10 | ― | ― | 90.55% | 20.25% | |
51 Neutral | ₹2.43B | -9.84 | ― | ― | 5.70% | -18.05% | |
47 Neutral | ₹2.83B | -4.92 | ― | ― | -11.18% | -22.17% |
* Consumer Cyclical Sector Average
IN:MUNJALSHOW
Munjal Showa Limited
118.65
-13.51
-10.22%
IN:RACE
Race Eco Chain Ltd.
101.00
-226.30
-69.14%
IN:REMSONSIND
Remsons Industries Limited
108.60
-5.08
-4.47%
IN:SFL
Sheela Foam Ltd.
518.55
-384.75
-42.59%
IN:SHIVAMAUTO
Shivam Autotech Limited
21.53
-17.34
-44.61%
IN:UCAL
UCAL Limited
110.00
-49.10
-30.86%
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.