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    Menon Bearings Limited

    Kolhapur-based maker of engine bearings, bushes and thrust washers (Bi-Metal), aluminium die-cast components (Alkop) and brake linings/shoes (Braking Systems) for auto, off-highway and industrial engines.

    Automobile and Auto Components
    Consumer Discretionary
    View MENONBE earnings calls
    ₹175.43
    +25.70% from avg

    Overview

    Price

    ₹175.43

    Market Cap

    ₹1.2k Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY06FY07FY08FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital55566666
    Reserves101010128141126154148
    Borrowings2426271534295327
    Other Liabilities1316213426213229
    Total Liabilities525663182207182244210
    AssetsFixed Assets17212376727410276
    CWIP411814090
    Investments000101234635
    Other Assets303438871097412699
    Total Assets525663182207182244210

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY06FY07FY08FY23FY24FY25FY26
    ActivitiesCash from Operating2-3950204414
    Cash from Investing-7-4-4-23-11-34-8
    Cash from Financing53-3-234-16-16
    SummaryCapital Expenditure
    Free Cash Flow-5-353610318
    FCF Margin

    Valuation

    Assumptions

    Current — MENONBE
    Price
    ₹175
    EPS (TTM)
    ₹6.09
    PE (TTM)
    28.8
    Profit growth
    11.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (27.9×) and current (28.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹175
    vs
    Fair value · 15% return
    ₹127
    28%Overvalued

    At 11.4% growth and a 28× exit, ₹175 only delivers your return if you pay ₹127. The price is currently baking in 18% growth.

    EPS grows 11.4%/yr for 5 years, then fades to 6% over 2, exits at 28×.

    YearGrowthEPS (₹)
    FY2711.4%6.78
    FY2811.4%7.56
    FY2911.4%8.42
    FY3011.4%9.38
    FY3111.4%10.45
    FY328.7% ·fade11.36
    FY336.0% ·fade12.04

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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