About
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 as spring/rear door lifters and rear cushions. The company was incorporated in 1985 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap517 Cr
P/E19.60
Div Yield3.48 %
Book Value₹170.00
52w High₹162.00
52w Low₹109.00
Face Value₹2.00
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 | 348.00 | 347.00 | 350.00 | 333.00 | 286.00 | 303.00 | 319.00 | 318.00 | 311.00 | 294.00 | 303.00 | 287.00 | 288.00 |
| Expenses | 345.00 | 347.00 | 337.00 | 329.00 | 284.00 | 296.00 | 311.00 | 323.00 | 304.00 | 288.00 | 300.00 | 289.00 | 281.00 |
| Operating Profit | 2.00 | 0.00 | 12.00 | 3.00 | 2.00 | 7.00 | 8.00 | -5.00 | 7.00 | 7.00 | 3.00 | -2.00 | 7.00 |
| OPM % | 0.70 | 0.00 | 3.50 | 0.90 | 0.60 | 2.40 | 2.40 | -1.60 | 2.30 | 2.30 | 1.10 | -0.60 | 2.50 |
| Other Income | 13.00 | 4.00 | 5.00 | 3.00 | 11.00 | 9.00 | 3.00 | 9.00 | 9.00 | 6.00 | 10.00 | 6.00 | 11.00 |
| Depreciation | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 13.00 | 1.00 | 15.00 | 4.00 | 10.00 | 13.00 | 8.00 | 1.00 | 13.00 | 10.00 | 10.00 | 1.00 | 15.00 |
| Tax % | 13.00 | 104.00 | 26.00 | 31.00 | 16.00 | 30.00 | 26.00 | -137.00 | 11.00 | 20.00 | 14.00 | -33.00 | 16.00 |
| Net Profit | 11.00 | 0.00 | 11.00 | 3.00 | 8.00 | 9.00 | 6.00 | 2.00 | 12.00 | 8.00 | 9.00 | 2.00 | 13.00 |
| EPS in Rs | 2.81 | -0.01 | 2.73 | 0.68 | 2.07 | 2.23 | 1.50 | 0.51 | 2.98 | 1.96 | 2.16 | 0.39 | 3.19 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,315.00 | 1,250.00 | 1,173.00 | 1,241.00 | 1,060.00 | 1,085.00 | 1,288.00 | 1,669.00 | 1,581.00 | 1,460.00 | 1,502.00 | 1,643.00 |
| Expenses | 1,292.00 | 1,233.00 | 1,157.00 | 1,210.00 | 1,052.00 | 1,061.00 | 1,233.00 | 1,581.00 | 1,468.00 | 1,360.00 | 1,389.00 | 1,516.00 |
| Operating Profit | 23.00 | 17.00 | 16.00 | 30.00 | 8.00 | 24.00 | 55.00 | 88.00 | 113.00 | 100.00 | 113.00 | 127.00 |
| OPM % | 1.80 | 1.40 | 1.30 | 2.50 | 0.80 | 2.20 | 4.30 | 5.00 | 7.00 | 7.00 | 8.00 | 8.00 |
| Other Income | 17.00 | 30.00 | 33.00 | 24.00 | 18.00 | 24.00 | 25.00 | 23.00 | 21.00 | 17.00 | 5.00 | 9.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Depreciation | 11.00 | 12.00 | 12.00 | 12.00 | 12.00 | 16.00 | 20.00 | 26.00 | 28.00 | 29.00 | 29.00 | 29.00 |
| Profit before tax | 30.00 | 35.00 | 36.00 | 42.00 | 14.00 | 31.00 | 58.00 | 86.00 | 105.00 | 88.00 | 88.00 | 106.00 |
| Tax % | 26.00 | 18.00 | 15.00 | 24.00 | 12.00 | 17.00 | 27.00 | 27.00 | 26.00 | 31.00 | 30.00 | 29.00 |
| Net Profit | 22.00 | 29.00 | 31.00 | 32.00 | 12.00 | 26.00 | 43.00 | 63.00 | 78.00 | 61.00 | 61.00 | 76.00 |
| EPS in Rs | 5.47 | 7.22 | 7.69 | 7.98 | 3.04 | 6.54 | 10.64 | 15.65 | 19.38 | 15.18 | 15.29 | 18.91 |
| Dividend Payout % | 82.00 | 62.00 | 58.00 | 56.00 | 148.00 | 69.00 | 42.00 | 29.00 | 23.00 | 26.00 | 26.00 | 21.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 |
| Reserves | 670.00 | 666.00 | 656.00 | 643.00 | 629.00 | 633.00 | 625.00 | 603.00 | 562.00 | 505.00 | 445.00 | 403.00 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 187.00 | 154.00 | 146.00 | 159.00 | 148.00 | 160.00 | 129.00 | 181.00 | 224.00 | 163.00 | 157.00 | 202.00 |
| Total Liabilities | 865.00 | 828.00 | 811.00 | 811.00 | 786.00 | 801.00 | 761.00 | 791.00 | 793.00 | 676.00 | 610.00 | 613.00 |
| Fixed Assets | 113.00 | 118.00 | 123.00 | 129.00 | 125.00 | 134.00 | 145.00 | 143.00 | 157.00 | 178.00 | 197.00 | 211.00 |
| CWIP | 0.00 | 1.00 | 0.00 | 2.00 | 6.00 | 1.00 | 2.00 | 3.00 | 1.00 | 3.00 | 3.00 | 2.00 |
| Investments | 347.00 | 349.00 | 322.00 | 313.00 | 307.00 | 292.00 | 319.00 | 243.00 | 244.00 | 171.00 | 82.00 | 68.00 |
| Other Assets | 405.00 | 361.00 | 366.00 | 367.00 | 349.00 | 374.00 | 295.00 | 402.00 | 391.00 | 324.00 | 328.00 | 332.00 |
| Total Assets | 865.00 | 828.00 | 811.00 | 811.00 | 786.00 | 801.00 | 761.00 | 791.00 | 793.00 | 676.00 | 610.00 | 613.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -21.00 | 37.00 | 11.00 | 6.00 | 30.00 | -18.00 | 66.00 | 41.00 | 96.00 | 83.00 | 65.00 | 55.00 |
| Cash from Investing Activity | 14.00 | -10.00 | 19.00 | 0.00 | -5.00 | 43.00 | -82.00 | 3.00 | -63.00 | -79.00 | -26.00 | -48.00 |
| Cash from Financing Activity | -18.00 | -18.00 | -18.00 | -18.00 | -18.00 | -18.00 | -22.00 | -22.00 | -19.00 | 0.00 | -38.00 | -22.00 |
| Net Cash Flow | -25.00 | 9.00 | 12.00 | -11.00 | 7.00 | 7.00 | -39.00 | 23.00 | 14.00 | 4.00 | 1.00 | -14.00 |
| Free Cash Flow | -27.00 | 31.00 | 8.00 | -6.00 | 22.00 | -23.00 | 46.00 | 27.00 | 90.00 | 75.00 | 48.00 | 40.00 |
| CFO/OP % | -49.00 | 270.00 | 125.00 | 33.00 | 439.00 | -44.00 | 152.00 | 85.00 | 112.00 | 118.00 | 91.00 | 66.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65.00 | 49.00 | 57.00 | 57.00 | 59.00 | 66.00 | 40.00 | 44.00 | 57.00 | 49.00 | 48.00 | 45.00 |
| Inventory Days | 30.00 | 29.00 | 29.00 | 28.00 | 32.00 | 39.00 | 28.00 | 23.00 | 20.00 | 21.00 | 21.00 | 20.00 |
| Days Payable | 56.00 | 45.00 | 46.00 | 49.00 | 51.00 | 57.00 | 39.00 | 42.00 | 58.00 | 46.00 | 44.00 | 47.00 |
| Cash Conversion Cycle | 39.00 | 33.00 | 40.00 | 36.00 | 40.00 | 49.00 | 29.00 | 25.00 | 18.00 | 24.00 | 25.00 | 18.00 |
| Working Capital Days | 43.00 | 34.00 | 44.00 | 43.00 | 41.00 | 49.00 | 30.00 | 25.00 | 23.00 | 28.00 | 31.00 | 22.00 |
| ROCE % | 5.00 | 0.00 | 5.00 | 5.00 | 1.00 | 4.00 | 6.00 | 12.00 | 18.00 | 17.00 | 20.00 | 27.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 05 Aug 2026 | 05 Aug 2026 | — | 4.50 | |
| Dividend | 01 Aug 2025 | 01 Aug 2025 | — | 4.50 | |
| Dividend | 02 Aug 2024 | — | — | 4.50 | |
| Dividend | 04 Aug 2023 | — | — | 4.50 | |
| Dividend | 28 Jul 2022 | — | — | 4.50 | |
| Dividend | 12 Aug 2021 | — | — | 4.50 | |
| Dividend | 27 Aug 2020 | — | — | 4.50 | |
| Dividend | 14 Aug 2019 | — | — | 4.50 | |
| Dividend | 12 Sep 2018 | — | — | 4.50 | |
| Dividend | 10 Aug 2017 | — | — | 4.00 | |
| Other | 11 Aug 2016 | — | — | — | Annual General Meeting |
| Dividend | 16 Mar 2016 | 17 Mar 2016 | — | 4.00 | |
| Dividend | 06 Aug 2015 | — | — | 4.00 | |
| Dividend | 07 Aug 2014 | — | — | 3.50 | |
| Dividend | 18 Jul 2013 | — | — | 3.00 | |
| Dividend | 19 Jul 2012 | — | — | 3.00 | |
| Dividend | 21 Jul 2011 | — | — | 2.50 | |
| Dividend | 22 Jul 2010 | — | — | 2.00 | |
| Dividend | 16 Jul 2009 | — | — | 2.00 | |
| Dividend | 17 Jul 2008 | — | — | 2.00 | |
| Dividend | 19 Jul 2007 | — | — | 2.00 | |
| Split | 16 Oct 2006 | 23 Oct 2006 | 10:2 | — | |
| Dividend | 10 Aug 2006 | — | — | 2.00 | |
| Dividend | 11 Aug 2005 | — | — | 1.50 | |
| Dividend | 26 Jul 2001 | — | — | 3.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update29 Aug 2025 from crisil
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Rating update2 Sep 2024 from crisil
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Rating update28 Dec 2023 from crisil
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Rating update19 Jan 2023 from crisil
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Rating update1 Feb 2022 from crisil
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Rating update23 Feb 2021 from crisil