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Menon Pistons Limited (531727) Fair Value & Analysis

Consumer Goods · IN · Market cap ₹611M

MP Menon Pistons Limited 531727 · BSE
Price₹71.83
Fair Value₹71.08
Upside-1.0%
Quality65/100
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Healthy Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
9.04% dividend yield
Ranks above peers (12/14)
Narrow moat 29/100
Evidence: High Range ₹43.35 – ₹106.87 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 5 days ago

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹43.35 to ₹106.87) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹113.39 ₹15.05 Fair Value ₹71.08 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹15.05 – ₹113.39 · fair‑value band ₹43.35 – ₹106.87 · the ₹71.83 price screens above the ₹71.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Menon Pistons Limited (531727) currently trades at ₹71.83, while our model-based Fair Value estimate is ₹71.08, implying the stock looks roughly 1.0% fairly valued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Menon Pistons Limited generated revenue of ₹1.1B at a net margin of 4.1%. Revenue grew 16.8% year over year. It earns a return on equity of 5.7%. Net debt stands at ₹20.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹43.35 (bear case) to ₹106.87 (bull case); at ₹71.83, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Goods peers we cover trades at -52% fair-value upside, at -1%, 531727 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹37.19 ₹54.79 ₹78.34 80
Residual Income ₹32.21 ₹39.04 ₹83.75 76
Rev-Margin DCF ₹44.03 ₹72.79 ₹107.14 74
All 26 models by family
DCF Models
FCF DCF ₹37.21 ₹56.08 ₹82.39 38
Owner Earnings ₹11.21 ₹16.71 ₹24.39 31
5Y Revenue Exit ₹44.03 ₹73.13 ₹111.09 39
5Y EBITDA Exit ₹59.90 ₹103.76 ₹156.37 41
5Y P/E Exit ₹59.84 ₹103.64 ₹151.08 38
10Y Revenue Exit ₹39.44 ₹64.05 ₹98.61 36
10Y EBITDA Exit ₹50.14 ₹83.81 ₹131.10 37
10Y P/E Exit ₹50.10 ₹83.74 ₹127.31 35
Earnings-Based
Graham-Dodd ₹34.10 ₹122.99 ₹165.81 54
Lynch FV ₹29.10 ₹41.58 ₹54.05 50
PEG = 1.0 ₹29.10 ₹41.58 ₹54.05 46
EPV ₹50.08 ₹56.84 ₹62.48 59
Dividend Discount
Gordon GGM ₹7.77 ₹14.00 ₹19.27 70
DDM Multi-Stage ₹7.77 ₹12.79 ₹14.96 61
Multiples
P/E Multiple ₹82.75 ₹110.34 ₹137.92 63
P/S Multiple ₹53.67 ₹71.57 ₹89.46 58
P/B Multiple ₹63.95 ₹85.26 ₹106.58 55
EV/EBIT ₹93.47 ₹124.46 ₹155.46 53
EV/EBITDA ₹83.36 ₹110.98 ₹138.60 54
EV/Revenue ₹50.58 ₹72.05 ₹93.52 43
Asset-Based
NCAV (Graham) ₹17.43 ₹23.35 ₹34.85 50
Growth DCF
Growth DCF ₹37.19 ₹54.79 ₹78.34 80
Rev-Margin DCF ₹44.03 ₹72.79 ₹107.14 74
Economic Profit
Residual Income ₹32.21 ₹39.04 ₹83.75 76
ROIC Compounder ₹53.30 ₹65.87 ₹80.61 72
Growth Earnings
Growth-Adj P/E ₹56.97 ₹81.39 ₹105.81 68

Widest divergence: Multiples (₹85.26) versus Dividend Discount (₹12.79). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.1B
Revenue growth (YoY) +16.8%
Net margin 4.1%
Return on equity 5.7%
Free cash flow ₹192M FY2026
P/E ratio 15.4 as of Jul 4, 2026
More key figures
Operating margin 5.0%
EPS (TTM) ₹0.8610
Dividend yield 9.0%
EPS growth (YoY) +53.1%
Net debt ₹20.4M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 68 · Market factors (momentum, volatility) 61

Profitability 73
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Menon Pistons Limited manufactures and sells auto components in India. It offers pistons, gudgeon pins, piston rings, and circlips for applications in heavy and light commercial vehicles, tractors, passenger cars, jeeps and utility vehicles, stationary engines, bi-wheelers, diesel engines, gasoline engines, CNG engines, and natural gas engines.

Full company description

Menon Pistons Limited manufactures and sells auto components in India. It offers pistons, gudgeon pins, piston rings, and circlips for applications in heavy and light commercial vehicles, tractors, passenger cars, jeeps and utility vehicles, stationary engines, bi-wheelers, diesel engines, gasoline engines, CNG engines, and natural gas engines. The company also exports its products. Menon Pistons Limited was founded in 1969 and is based in Kolhapur, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Menon Pistons Limited reported revenue of ₹3.0B in FY2026 versus ₹2.1B in FY2022, a compound +9.4%/yr. Reported net income was ₹256M in FY2026, compounding +8.0%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹3.0B
Latest YoY
+19.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.3%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.5%
Revenue +9.4%/yr
FY22 ₹2.1B
FY23 ₹2.5B
FY24 ₹2.6B
FY25 ₹2.5B
FY26 ₹3.0B
Net income +8.0%/yr
FY22 ₹188M
FY23 ₹233M
FY24 ₹265M
FY25 ₹238M
FY26 ₹256M

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Cite: Fair Value Calculator (2026). "Menon Pistons Limited Fair Value". https://www.fairvalue-calculator.com/stock/531727

Peer Group

Auto Parts · 640 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 3% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 17% · Top 25%
Dividend yield (TTM) 9.0% · Top 25%

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 15.4× · Cheaper than median
P/B 0.34× · Cheaper than 75% of peers
P/S (TTM) 0.57× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 32 · sector 17
FUTURE 84 · sector 23
PAST 23 · sector 26
HEALTH 100 · sector 95
DIVIDEND 100 · sector 34

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 511,000 KRW 643,909 KRW +26%
Magna International Inc MGAN 1,122 MXN 1,142 MXN +2%
Samvardhana Motherson International Limited MOTHERSON ₹169.50 ₹80.63 -52%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 -76%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,126 ₹1,412 -66%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Balkrishna Industries Limited BALKRISIND ₹2,376 ₹1,237 -48%
Sona BLW Precision Forgings Limited SONACOMS ₹799.90 ₹207.06 -74%

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Frequently asked questions

Is Menon Pistons Limited (531727) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹71.08 versus a price of ₹71.83, about −1% (fairly valued).
What is the fair value of 531727?
Our model-based fair value for Menon Pistons Limited is ₹71.08 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹71.83.
What is the quality score of 531727?
Menon Pistons Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Menon Pistons Limited (531727)?
Menon Pistons Limited reported trailing-twelve-month revenue of about ₹1.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 531727?
The net profit margin of Menon Pistons Limited is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does Menon Pistons Limited pay a dividend?
Menon Pistons Limited currently shows a dividend yield of about 9.04% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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