MUNJALAU
Munjal Auto Industries share price & financials
- Price
- ₹98.53
- Market cap
- ₹1.1k Cr
What Munjal Auto Industries Limited does
Munjal Auto Industries manufactures components for automotive OEM customers out of five manufacturing units — at Waghodia and Sanand in Gujarat, Bawal and Dharuhera in Haryana, and Haridwar in Uttarakhand. The company has been diversifying its customer base beyond its primary OEM buyer, including scaling up its business with Tata Motors, and is also developing products for the railways and defence sectors. Its subsidiary, Indutch Composites Technology Private Limited, makes composite components for wind-turbine makers such as Enercon, Vestas, Suzlon and GE, and also supplies L&T, Godrej and Tata group companies for defence, aerospace and allied applications.
Segments
- Auto components (standalone)
- Composites (Indutch Composites Technology Pvt Ltd, subsidiary)
- Electronics (emerging)
- Manufacturing plants
- 5 (Waghodia & Sanand, Gujarat; Bawal & Dharuhera, Haryana; Haridwar, Uttarakhand)
- Permanent employees on rolls
- 839
- Newest plant
- Sanand, Gujarat — commissioned FY24-25, now functioning smoothly
- Composites subsidiary
- Indutch Composites Technology Pvt Ltd — manufactures wind-energy and defence/aerospace composite components
- Subsidiary's wind-energy OEM customers
- Enercon, Vestas, Suzlon, GE
- Subsidiary's defence/aerospace customers
- L&T, Godrej, Tata
Quarterly results
Q1 FY27: revenue up 42.4%, net profit up 52.6% 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 | 522 | 522 | 512 | 491 | 584 +12% | 606 +16% | 614 +20% | 699 +42% |
| EBITDA | 31 | 22 | 35 | 28 | 26 −16% | 42 +91% | 19 −46% | 44 +57% |
| Net profit | 20 | -2 | 10 | 19 | 13 −35% | 15 +850% | -1 −110% | 29 +53% |
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 +14.5% 1Y
1Y: ₹93.13 on 10 Sept 2025 → ₹106.64. High ₹120.53 (14 Aug 2026), low ₹67.78 (30 Mar 2026).
Financials, as filed
Revenue grew 5.0% a year over 3 years, FY23 to FY26. Operating margin widened to 5.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.0k Cr | ₹1.9k Cr | ₹2.1k Cr | ₹2.3k Cr |
| Operating profit | ₹89 Cr | ₹121 Cr | ₹118 Cr | ₹115 Cr |
| Operating margin | 4.5% | 6.4% | 5.7% | 5.0% |
| Interest | ₹26 Cr | ₹27 Cr | ₹31 Cr | ₹39 Cr |
| Depreciation | ₹53 Cr | ₹56 Cr | ₹59 Cr | ₹65 Cr |
| Net profit | ₹51 Cr | ₹38 Cr | ₹38 Cr | ₹46 Cr |
| Net margin | 2.6% | 2.0% | 1.8% | 2.0% |
| Cash from operations | ₹33 Cr | ₹127 Cr | ₹25 Cr | ₹45 Cr |
| Free cash flow | ₹52 Cr | ₹88 Cr | ₹-39 Cr | ₹-28 Cr |
| ROCE | 9.0% | 14.0% | 9.0% | 10.0% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹291 Cr | ₹317 Cr | ₹364 Cr | ₹381 Cr | ₹412 Cr | ₹428 Cr |
| Borrowings | ₹147 Cr | ₹116 Cr | ₹282 Cr | ₹276 Cr | ₹395 Cr | ₹423 Cr |
| Other liabilities | ₹405 Cr | ₹508 Cr | ₹602 Cr | ₹527 Cr | ₹475 Cr | ₹571 Cr |
| Total liabilities | ₹862 Cr | ₹961 Cr | ₹1.3k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.4k Cr |
| Fixed assets | ₹303 Cr | ₹263 Cr | ₹416 Cr | ₹399 Cr | ₹440 Cr | ₹468 Cr |
| Capital work in progress | ₹1 Cr | ₹4 Cr | ₹8 Cr | ₹9 Cr | ₹27 Cr | ₹7 Cr |
| Investments | ₹26 Cr | ₹118 Cr | ₹104 Cr | ₹171 Cr | ₹105 Cr | ₹116 Cr |
| Other assets | ₹531 Cr | ₹576 Cr | ₹740 Cr | ₹626 Cr | ₹729 Cr | ₹851 Cr |
| Total assets | ₹862 Cr | ₹961 Cr | ₹1.3k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.4k 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 4% to 46,301.
- Promoters
- 74.8%
- FIIs
- 0.1%
- DIIs
- 0.0%
- Public
- 25.1%
Since Jun 2025
- FIIs −0.05 pp
- Public +0.04 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.8%, DIIs 0.0%, Public 25.2%.Dec '23: Promoters 74.8%, FIIs 0.0%, DIIs 0.0%, Public 25.2%.Mar '24: Promoters 74.8%, DIIs 0.0%, Public 25.2%.Jun '24: Promoters 74.8%, FIIs 0.0%, DIIs 0.0%, Public 25.1%.Sep '24: Promoters 74.8%, FIIs 0.0%, DIIs 0.0%, Public 25.1%.Dec '24: Promoters 74.8%, FIIs 0.0%, DIIs 0.0%, Public 25.1%.Mar '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Jun '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Sep '25: Promoters 74.8%, FIIs 0.0%, DIIs 0.0%, Public 25.2%.Dec '25: Promoters 74.8%, FIIs 0.0%, DIIs 0.0%, Public 25.1%.Mar '26: Promoters 74.8%, DIIs 0.0%, Public 25.2%.Jun '26: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Munjal Auto Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Thakurdevi Investments Pvt Ltd | 74.81% | unchanged |
| Iepf | 1.07% | 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.
Learn to analyse Munjal Auto Industries Limited
Guides on how to read this kind of business and the numbers that matter.