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Menon Bearings Limited
(MENONBE)
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Rating:66Neutral
Price Target:
₹304.00
▲(37.87% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by solid revenue/earnings growth and a generally healthy balance sheet, but is capped by deteriorating cash generation (negative free cash flow) and a rich valuation (high P/E with low yield). Technicals remain supportive due to a strong uptrend, though momentum is stretched and increases near-term pullback risk.
Positive Factors
Accelerating Revenue and Earnings Growth
Revenue growth has accelerated while net income rose to 382.5M in 2026 from 249.3M in 2025. Sustained top-line and earnings expansion can strengthen internal funding, customer relevance and operating scale over the next several quarters, provided growth quality holds.
Negative Factors
Deteriorating Cash Generation
Operating cash flow has declined materially since 2023, while free cash flow turned negative in 2025 and worsened to -78.9M in 2026. If investment or working-capital pressure persists, the company may require more external funding and face greater execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue and Earnings Growth
Revenue growth has accelerated while net income rose to 382.5M in 2026 from 249.3M in 2025. Sustained top-line and earnings expansion can strengthen internal funding, customer relevance and operating scale over the next several quarters, provided growth quality holds.
Read all positive factors
Menon Bearings Limited (MENONBE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.76B
Dividend Yield0.68%
Average Volume (3M)50.72K
Price to Earnings (P/E)37.5
Beta (1Y)0.86
Revenue Growth27.97%
EPS Growth61.46%
CountryIN
Employees219
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)7.84
Shares Outstanding56,040,000
10 Day Avg. Volume24,551
30 Day Avg. Volume50,723
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 bearing products. Its core revenue stream is the sale of bimetal and trimetal engine bearings (and related bearing components) to customers in the automotive and industrial e...
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 | 3.18B | 2.94B | 3.44B | 2.12B | 1.39B | 1.95B |
| Gross Profit | 1.05B | 678.52M | 2.46B | 1.27B | 516.82M | 982.65M |
| EBITDA | 725.05M | 587.73M | 267.97M | 451.19M | 535.63M | 366.05M |
| Net Income | 439.29M | 382.51M | 249.34M | 243.55M | 326.02M | 245.34M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.68B | 2.31B | 2.07B | 1.74B | 1.63B |
| Cash, Cash Equivalents and Short-Term Investments | 110.32M | 125.95M | 199.96M | 242.21M | 113.72M | 70.22M |
| Total Debt | 0.00 | 466.30M | 428.35M | 347.54M | 146.45M | 232.82M |
| Total Liabilities | -1.85B | 821.76M | 720.28M | 620.49M | 402.17M | 513.50M |
| Stockholders Equity | 1.85B | 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
220.50
Price Trends
219.25
Positive
180.41
Positive
147.08
Positive
Market Momentum
20.86
Negative
72.37
Negative
88.72
Negative
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 220.5 is below the 20-day moving average (MA) of 261.55, above the 50-day MA of 219.25, and above the 200-day MA of 147.08, indicating a bullish trend. The MACD of 20.86 indicates Negative momentum. The RSI at 72.37 is Negative, neither overbought nor oversold. The STOCH value of 88.72 is Negative, 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 | ₹22.84B | 17.29 | ― | 0.59% | 8.11% | 29.23% | |
72 Outperform | ₹44.45B | 29.82 | ― | 2.95% | 14.37% | 70.31% | |
68 Neutral | ₹625.21B | 49.48 | ― | 0.73% | 19.66% | 23.81% | |
66 Neutral | ₹16.76B | 37.49 | ― | 0.91% | 27.97% | 61.46% | |
65 Neutral | ₹54.41B | 16.93 | ― | 1.07% | 20.77% | 4.95% | |
59 Neutral | ₹34.76B | 46.33 | ― | 0.49% | 16.79% | -4.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MENONBE
Menon Bearings Limited
294.85
169.51
135.24%
IN:GNA
GNA Axles Ltd
533.00
218.65
69.56%
IN:JTEKTINDIA
JTEKT India Limited
121.50
-20.14
-14.22%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,699.25
368.43
27.68%
IN:NRBBEARING
NRB Bearings Ltd.
453.40
172.39
61.34%
IN:SCHAEFFLER
Schaeffler India Ltd
3,960.35
136.01
3.56%
Menon Bearings Limited Corporate Events
Menon Bearings Confirms SEBI-Compliant Processing of Demat Securities for June Quarter
Jul 12, 2026
Menon Bearings Limited has filed a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026, confirming proper processing of dematerialisation requests. The com...
Menon Bearings Plans Q1FY27 Investor Meet and Results Call
Jul 11, 2026
Menon Bearings Limited, a listed Indian automotive components manufacturer specializing in bearings and precision parts for OEM and aftermarket clients, maintains an active presence on BSE and NSE to engage with a broad base of investors and marke...
Menon Bearings Dispatches AGM Notice and Annual Report for FY 2025-26
Jul 11, 2026
Menon Bearings Limited has announced that it has completed dispatch of the notice for its 35th Annual General Meeting along with the Annual Report for the financial year 2025-26 to shareholders. The company has also provided details of e-voting fo...
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...
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.