Menon Pistons Limited (MENNPIS.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-38.9%

₹40.47

vs ₹66.26 price

Levered DCF

₹446.10

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.32×	10.46×	18.11×	8.59×	13.28×	9.71×	12.26×	10.25×
P/B	1.34×	1.59×	3.45×	1.7×	2.59×	1.04×	0.72×	1.33×
P/S	0.78×	0.98×	1.86×	0.8×	1.18×	0.64×	0.46×	0.67×
EV / EBITDA	4.83×	5.66×	10.88×	4.41×	8.01×	4.85×	4.95×	5.54×
Gross margin	16.7%	19.7%	56.8%	54.4%	17.8%	29.0%	13.6%	30.8%
Operating margin	11.5%	13.5%	14.9%	13.4%	46.5%	8.8%	4.9%	9.1%
Net margin	8.4%	9.4%	10.3%	9.3%	8.9%	6.6%	3.7%	6.5%
Current ratio	2.14×	2.52×	1.9×	1.97×	2.34×	2.05×	3.35×	3×
Debt / equity	0.03×	0.11×	0.15×	0.1×	0.31×	0.13×	0.06×	0.03×
Interest coverage	9.8×	8.22×	20.28×	11.51×	66.1×	50.43×	18.07×	27.61×
Dividend yield	2.1%	2.0%	1.1%	1.9%	2.0%	0.0%	13.6%	3.6%
Payout ratio	19.9%	21.4%	19.3%	16.4%	27.1%	0.0%	167.0%	36.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.4%	15.2%	19.0%	19.8%	19.5%	10.7%	5.9%	13.0%
Return on invested capital	13.8%	14.4%	18.0%	16.8%	54.1%	9.2%	5.6%	12.1%
Return on assets	11.1%	11.1%	13.1%	13.4%	11.9%	7.3%	4.7%	9.9%
Free cash flow yield	6.9%	6.7%	-1.6%	15.2%	-10.1%	2.2%	15.5%	2.9%
Earnings yield	10.7%	9.6%	5.5%	11.6%	7.5%	10.3%	8.2%	9.7%
Enterprise value	₹2.4B	₹2.6B	₹5B	₹2.1B	₹2.8B	₹851M	₹554.7M	₹1B
Net debt / EBITDA	0.05×	0.31×	0.41×	0.24×	0.83×	-0.09×	0.15×	0.06×
Cash conversion cycle (days)	65	94	113	114	117	128	155	123