About
Menon Pistons Limited manufactures and sells auto components in India. It offers powertrain parts, including piston rings, plain cast aluminium pistons, cast iron pistons articulated pistons, FCD/ductile iron pistons, single and double alfin pistons, oil-cooled gallery pistons, single piece forged steel pistons, friction welded steel pistons and gudgeon pins; and engine valvetrain parts, such as rocker arms, rocker levers, rocker arm shafts, precision rollers, precision pins, and lifter bodies. The company also provides hydraulic power systems comprising control valve spools, plungers, valve housings, slider rings, and oil control valve assemblies; high-precision turned parts, including bar-route shaft components, injector assembly parts, and power steering assemblies; and precision machined castings products. It serves agricultural, compressor, defense, commercial, and off highway clients, as well as diesel engines, cars, and LCVs/HCVs. Menon Pistons Limited was founded in 1969 and is based in Kolhapur, India.
Key Metrics
as of Sep 2026Market Cap397 Cr
P/E15.10
Div Yield1.29 %
Book Value₹34.80
52w High₹82.00
52w Low₹46.20
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83.26 | 73.22 | 76.10 | 74.54 | 80.29 | 55.76 | 63.11 | 65.39 | 69.40 | 60.74 | 59.22 | 64.40 | 72.35 |
| Expenses | 68.85 | 64.91 | 63.56 | 61.94 | 66.77 | 46.49 | 52.58 | 53.49 | 56.20 | 49.47 | 49.23 | 52.33 | 59.12 |
| Operating Profit | 14.41 | 8.31 | 12.54 | 12.60 | 13.52 | 9.27 | 10.53 | 11.90 | 13.20 | 11.27 | 9.99 | 12.07 | 13.23 |
| OPM % | 17.31 | 11.35 | 16.48 | 16.90 | 16.84 | 16.62 | 16.69 | 18.20 | 19.02 | 18.55 | 16.87 | 18.74 | 18.29 |
| Other Income | 0.54 | 1.21 | 0.27 | 0.77 | 0.68 | 0.30 | 0.92 | 0.35 | 0.15 | 0.20 | 0.15 | 0.36 | 0.11 |
| Depreciation | 3.33 | 3.31 | 2.96 | 2.84 | 2.72 | 2.88 | 2.67 | 2.28 | 2.80 | 2.56 | 2.42 | 2.43 | 2.15 |
| Interest | 0.73 | 0.79 | 0.78 | 0.98 | 1.04 | 1.08 | 1.08 | 0.91 | 1.11 | 1.22 | 0.62 | 0.56 | 0.85 |
| Profit before tax | 10.89 | 5.42 | 9.07 | 9.55 | 10.44 | 5.61 | 7.70 | 9.06 | 9.44 | 7.69 | 7.10 | 9.44 | 10.34 |
| Tax % | 24.43 | 18.08 | 29.22 | 27.23 | 25.67 | 24.24 | 24.42 | 25.94 | 25.21 | 5.98 | 38.59 | 24.58 | 25.15 |
| Net Profit | 8.23 | 4.44 | 6.43 | 6.95 | 7.77 | 4.25 | 5.82 | 6.71 | 7.07 | 7.24 | 4.35 | 7.12 | 7.74 |
| EPS in Rs | 1.61 | 0.87 | 1.26 | 1.36 | 1.52 | 0.83 | 1.14 | 1.32 | 1.39 | 1.42 | 0.85 | 1.40 | 1.52 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Sales | 304.00 | 254.00 | 256.00 | 251.00 | 212.00 |
| Expenses | 257.00 | 209.00 | 210.00 | 207.00 | 178.00 |
| Operating Profit | 47.00 | 45.00 | 45.00 | 44.00 | 35.00 |
| OPM % | 15.00 | 18.00 | 18.00 | 17.00 | 16.00 |
| Other Income | 3.00 | 2.00 | 1.00 | 4.00 | 0.00 |
| Interest | 4.00 | 4.00 | 2.00 | 3.00 | 1.00 |
| Depreciation | 12.00 | 11.00 | 10.00 | 10.00 | 7.00 |
| Profit before tax | 34.00 | 32.00 | 35.00 | 35.00 | 26.00 |
| Tax % | 26.00 | 25.00 | 23.00 | 34.00 | 29.00 |
| Net Profit | 26.00 | 24.00 | 26.00 | 23.00 | 19.00 |
| EPS in Rs | 5.02 | 4.68 | 5.19 | 4.58 | 3.69 |
| Dividend Payout % | 20.00 | 21.00 | 19.00 | 22.00 | 20.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 173.00 | 152.00 | 134.00 | 113.00 | 92.00 |
| Borrowings | 5.00 | 17.00 | 21.00 | 12.00 | 30.00 |
| Other Liabilities | 47.00 | 40.00 | 43.00 | 45.00 | 31.00 |
| Total Liabilities | 230.00 | 214.00 | 202.00 | 174.00 | 158.00 |
| Fixed Assets | 114.00 | 91.00 | 90.00 | 62.00 | 50.00 |
| CWIP | 4.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 112.00 | 122.00 | 112.00 | 112.00 | 107.00 |
| Total Assets | 230.00 | 214.00 | 202.00 | 174.00 | 158.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Cash from Operating Activity | 51.00 | 39.00 | 22.00 | 49.00 | 1.00 |
| Cash from Investing Activity | -30.00 | -25.00 | -22.00 | -24.00 | -26.00 |
| Cash from Financing Activity | -21.00 | -14.00 | 2.00 | -25.00 | 13.00 |
| Net Cash Flow | 0.00 | 0.00 | 2.00 | -1.00 | -12.00 |
| Free Cash Flow | 19.00 | 21.00 | -7.00 | 43.00 | -25.00 |
| CFO/OP % | 126.00 | 100.00 | 65.00 | 137.00 | 27.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Debtor Days | 54.00 | 79.00 | 94.00 | 80.00 | 102.00 |
| Inventory Days | 96.00 | 123.00 | 94.00 | 87.00 | 110.00 |
| Days Payable | 80.00 | 95.00 | 74.00 | 53.00 | 83.00 |
| Cash Conversion Cycle | 71.00 | 108.00 | 114.00 | 114.00 | 129.00 |
| Working Capital Days | 54.00 | 79.00 | 67.00 | 61.00 | 90.00 |
| ROCE % | 22.00 | 22.00 | 25.00 | 27.00 | — |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 28 Jul 2026 | 28 Jul 2026 | — | 1.00 | |
| Dividend | 22 Jul 2025 | 22 Jul 2025 | — | 1.00 | |
| Dividend | 05 Aug 2024 | — | — | 1.00 | |
| Dividend | 02 Aug 2023 | — | — | 1.00 | |
| Dividend | 01 Aug 2022 | 02 Aug 2022 | — | 0.75 | |
| Dividend | 18 Mar 2020 | 19 Mar 2020 | — | 0.45 | |
| Dividend | 18 Jul 2019 | 20 Jul 2019 | — | 0.75 | |
| Dividend | 11 Jul 2018 | — | — | 0.60 | |
| Dividend | 13 Jul 2017 | 14 Jul 2017 | — | 0.50 | |
| Split | 20 Oct 2016 | 21 Oct 2016 | 10:1 | — | |
| Dividend | 18 Mar 2016 | 21 Mar 2016 | — | 4.00 | |
| Dividend | 22 Jul 2015 | — | — | 4.00 | |
| Dividend | 17 Jul 2014 | — | — | 1.50 | |
| Dividend | 22 Aug 2013 | — | — | 2.00 | |
| Dividend | 16 Aug 2012 | — | — | 3.50 | |
| Dividend | 17 Aug 2011 | — | — | 3.50 | |
| Dividend | 18 Aug 2010 | — | — | 3.50 | |
| Dividend | 06 Aug 2009 | — | — | 3.00 | |
| Dividend | 12 Aug 2008 | — | — | 4.00 | |
| Dividend | 13 Aug 2007 | — | — | 3.50 | |
| Dividend | 04 Aug 2004 | — | — | 2.00 | |
| Dividend | 30 Jul 2003 | — | — | 1.50 | |
| Dividend | 29 Jul 2002 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update7 Jul from care
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Rating update18 Jul 2025 from care
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Rating update27 Sep 2024 from care
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Rating update3 Oct 2023 from care
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Rating update2 Jan 2023 from care
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Rating update23 Dec 2021 from care