MENNPIS
Menon Pistons financials
- Market cap
- ₹401 Cr
Quarterly results
Q1 FY27: revenue up 2.0%, net profit up 1.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 53 | 48 | 65 | 59 +8% | 60 +13% | 60 +26% | 66 +2% |
| EBITDA | 8 | 8 | 6 | 9 | 8 −3% | 8 −3% | 6 +2% | 9 −7% |
| Net profit | 5 | 4 | 3 | 5 | 5 −2% | 4 −10% | 4 +49% | 5 +2% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +12.6% 1Y
1Y: ₹69.84 on 10 Sept 2025 → ₹78.65. High ₹84.28 (8 Sept 2026), low ₹46.81 (30 Mar 2026).
Financials, as filed
Revenue grew 7.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to 12.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹210 Cr | ₹212 Cr | ₹244 Cr |
| Operating profit | ₹33 Cr | ₹32 Cr | ₹31 Cr |
| Operating margin | 15.7% | 15.2% | 12.8% |
| Interest | ₹4 Cr | ₹4 Cr | ₹3 Cr |
| Depreciation | ₹6 Cr | ₹7 Cr | ₹8 Cr |
| Net profit | ₹24 Cr | ₹17 Cr | ₹18 Cr |
| Net margin | 11.5% | 8.2% | 7.2% |
| Cash from operations | ₹23 Cr | ₹35 Cr | ₹45 Cr |
| Free cash flow | ₹2 Cr | ₹19 Cr | ₹21 Cr |
| ROCE | 24.0% | 17.0% | 17.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹91 Cr | ₹111 Cr | ₹130 Cr | ₹162 Cr | ₹154 Cr |
| Borrowings | ₹27 Cr | ₹17 Cr | ₹21 Cr | ₹15 Cr | ₹3 Cr |
| Other liabilities | ₹28 Cr | ₹31 Cr | ₹36 Cr | ₹48 Cr | ₹43 Cr |
| Total liabilities | ₹151 Cr | ₹164 Cr | ₹191 Cr | ₹230 Cr | ₹204 Cr |
| Fixed assets | ₹42 Cr | ₹52 Cr | ₹74 Cr | ₹91 Cr | ₹95 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹4 Cr |
| Investments | ₹15 Cr | ₹27 Cr | ₹27 Cr | ₹0 Cr | ₹27 Cr |
| Other assets | ₹94 Cr | ₹86 Cr | ₹90 Cr | ₹129 Cr | ₹78 Cr |
| Total assets | ₹151 Cr | ₹164 Cr | ₹191 Cr | ₹230 Cr | ₹204 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 27,294.
- Promoters
- 74.4%
- DIIs
- 0.0%
- Public
- 25.6%
Since Jun 2025
- FIIs −0.03 pp
- DIIs +0.03 pp
- Public −0.02 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Dec '23: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Mar '24: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Jun '24: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Sep '24: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Dec '24: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Mar '25: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Jun '25: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Sep '25: Promoters 74.4%, Public 25.6%.Dec '25: Promoters 74.4%, Public 25.6%.Mar '26: Promoters 74.4%, Public 25.6%.Jun '26: Promoters 74.4%, DIIs 0.0%, Public 25.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Menon Pistons Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sachin Ram Menon | 28.24% | unchanged |
| Gayatri Sachin Menon | 14.20% | unchanged |
| Menon Sharanya Sachin | 8.25% | unchanged |
| Menon Nivedita Sachin | 8.25% | unchanged |
| Menon Devika Sachin | 8.25% | unchanged |
| Menon Metals and Alloys LLP | 7.17% | unchanged |
| Vatsala Nair | 1.14% | unchanged |
| Radhamani Ram Menon | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
Growth trapTo justify its price of ₹79, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~-6%. At that growth it is worth ₹24 — downside of 70%.
- Growth the price implies
- 16.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -5.7% a year
- net profit, FY24–FY26 · EPS -5.7%
- The gap
- 0.2 pp
- -70% downside if it only repeats history
Learn to analyse Menon Pistons Limited
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