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Munjal Showa Limited
(MUNJALSHOW)
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Rating:57Neutral
Price Target:
₹134.00
▲(6.86% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by mixed financial performance: a strong, debt-free balance sheet and recent revenue growth are offset by uneven profitability and especially volatile cash flows with negative OCF/FCF in FY2026. Technical indicators add a near-term headwind (negative MACD, sub-50 RSI, and price below key short-term averages). Valuation is moderately supportive due to a solid dividend yield, but the P/E is not low enough to fully offset the cash-flow and momentum concerns.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces financial risk and interest burdens, giving Munjal Showa greater flexibility to fund capacity, technology, or working-capital needs. Stable-to-growing equity also provides resilience if automotive demand or operating conditions weaken over the next several quarters.
Negative Factors
Volatile Cash Generation
Negative operating and free cash flow in FY2026 shows that reported earnings are not converting consistently into cash. Repeated swings between positive and negative free cash flow can constrain internally funded investment, increase working-capital pressure, and reduce financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces financial risk and interest burdens, giving Munjal Showa greater flexibility to fund capacity, technology, or working-capital needs. Stable-to-growing equity also provides resilience if automotive demand or operating conditions weaken over the next several quarters.
Read all positive factors
Munjal Showa Limited (MUNJALSHOW) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.18B
Dividend Yield3.49%
Average Volume (3M)5.87K
Price to Earnings (P/E)20.7
Beta (1Y)0.90
Revenue Growth12.33%
EPS Growth-1.65%
CountryIN
Employees2,299
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)6.21
Shares Outstanding39,995,000
10 Day Avg. Volume1,422
30 Day Avg. Volume5,865
Financial Highlights & Ratios
PEG Ratio-0.84
Price to Book (P/B)0.65
Price to Sales (P/S)0.34
P/FCF Ratio-22.77
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 Description
Munjal Showa Limited manufactures and sells auto components for the two-wheeler and four-wheeler industry primarily in India and internationally. Its products include front forks, shock absorbers, struts, gas springs, and window balancers, as well...
How the Company Makes Money
Munjal Showa Limited primarily makes money by manufacturing and selling suspension components—mainly shock absorbers/struts and front forks—used in automobiles, with a strong emphasis on two-wheeler applications. Its key revenue streams are: (1) O...
Munjal Showa Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.77B | 13.15B | 12.50B | 11.73B | 12.41B | 10.60B |
| Gross Profit | 2.02B | 1.60B | 1.48B | 2.56B | 2.19B | 439.55M |
| EBITDA | 297.52M | 403.03M | 471.72M | 487.95M | 541.50M | 265.46M |
| Net Income | 248.16M | 218.72M | 288.70M | 307.66M | 319.03M | 121.50M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.65B | 8.28B | 8.11B | 8.11B | 7.86B |
| Cash, Cash Equivalents and Short-Term Investments | 3.19B | 3.20B | 3.47B | 2.82B | 2.66B | 2.60B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | -6.78B | 1.87B | 1.54B | 1.46B | 1.59B | 1.48B |
| Stockholders Equity | 6.78B | 6.78B | 6.74B | 6.64B | 6.51B | 6.37B |
Cash Flow | ||||||
| Free Cash Flow | -418.60M | -193.99M | 351.79M | 71.87M | -58.35M | 224.25M |
| Operating Cash Flow | -393.93M | -128.34M | 419.84M | 114.19M | 64.38M | 299.40M |
| Investing Cash Flow | 355.94M | 58.21M | -153.68M | 186.78M | 1.59M | -52.61M |
| Financing Cash Flow | -179.16M | -180.18M | -179.86M | -180.35M | -180.77M | -180.64M |
Munjal Showa Limited Technical Analysis
Neutral
125.40
Price Trends
131.87
Negative
129.73
Negative
124.78
Positive
Market Momentum
-0.97
Positive
43.10
Neutral
8.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUNJALSHOW, the sentiment is Neutral. The current price of 125.4 is below the 20-day moving average (MA) of 132.49, below the 50-day MA of 131.87, and above the 200-day MA of 124.78, indicating a neutral trend. The MACD of -0.97 indicates Positive momentum. The RSI at 43.10 is Neutral, neither overbought nor oversold. The STOCH value of 8.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MUNJALSHOW.
Munjal Showa Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹50.60B | 22.00 | ― | 1.63% | 15.89% | 29.90% | |
70 Outperform | ₹388.36B | 39.67 | ― | 0.42% | 29.35% | 12.93% | |
65 Neutral | ₹55.24B | 17.29 | ― | 1.27% | 20.77% | 4.95% | |
62 Neutral | ₹38.43B | 32.27 | ― | 1.15% | 42.06% | 323.98% | |
61 Neutral | ₹242.10B | 71.96 | ― | 0.36% | 18.48% | 11.21% | |
57 Neutral | ₹5.18B | 20.73 | ― | 3.49% | 12.33% | -1.65% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MUNJALSHOW
Munjal Showa Limited
128.85
-8.04
-5.87%
IN:ENDURANCE
Endurance Technologies Ltd.
2,733.60
-234.18
-7.89%
IN:GABRIEL
Gabriel India Limited
1,389.50
136.21
10.87%
IN:JAMNAAUTO
Jamna Auto Industries Limited
128.95
20.52
18.92%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,737.45
413.15
31.20%
IN:RML
Rane (Madras) Limited
1,389.00
544.60
64.49%
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.