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MENON PISTONS LTD. (MENNPIS) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹3.7B

MP MENON PISTONS LTD. MENNPIS · BSE
Price₹70.73
Fair Value₹92.87
Upside+31.3%
Quality63/100
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Strengths

Trades 31% below our fair value of ₹92.87
Healthy Growth
Low debt · generates free cash flow
Ranks above peers (9/14)

Risks

!Thin margins · 8.4% net margin
!Narrow moat 41/100
!Weak on dividend: 28 out of 100
Healthy Growth
Thin margins · 8.4% net margin
Low debt · generates free cash flow
1.52% dividend yield
Ranks above peers (9/14)
Narrow moat 41/100
Evidence: High Range ₹50.44 – ₹137.72 Share as image

Fair value as of: Aug 21, 2026

From 26 valuation models · updated 2 days ago

A solid business, screening 31% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The model range is unusually wide (₹50.44 to ₹137.72). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

₹113.39 ₹14.51 Fair Value ₹92.87 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹14.51 – ₹113.39 · fair‑value band ₹50.44 – ₹137.72 · the ₹70.73 price screens below the ₹92.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

MENON PISTONS LTD. (MENNPIS) currently trades at ₹70.73, while our model-based Fair Value estimate is ₹92.87, implying the stock looks roughly 31.3% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, MENON PISTONS LTD. generated revenue of ₹3.0B at a net margin of 8.4%. Revenue declined 42.7% year over year. It earns a return on equity of 15.3%. Net debt stands at ₹20.4M. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹50.44 (bear case) to ₹137.72 (bull case); at ₹70.73, 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 5% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 31%, MENNPIS 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 ₹47.82 ₹84.56 ₹145.78 80
Residual Income ₹33.77 ₹43.24 ₹112.79 76
Rev-Margin DCF ₹49.94 ₹90.14 ₹144.06 74
All 26 models by family
DCF Models
FCF DCF ₹48.74 ₹90.64 ₹164.16 38
Owner Earnings ₹14.57 ₹26.80 ₹48.26 31
5Y Revenue Exit ₹49.94 ₹91.64 ₹149.79 39
5Y EBITDA Exit ₹68.35 ₹130.92 ₹212.12 41
5Y P/E Exit ₹68.28 ₹130.77 ₹204.83 38
10Y Revenue Exit ₹47.37 ₹86.86 ₹150.57 36
10Y EBITDA Exit ₹61.19 ₹115.57 ₹203.33 37
10Y P/E Exit ₹61.14 ₹115.46 ₹197.16 35
Earnings-Based
Graham-Dodd ₹34.10 ₹177.62 ₹245.70 54
Lynch FV ₹48.66 ₹69.51 ₹90.37 50
PEG = 1.0 ₹48.66 ₹69.51 ₹90.37 46
EPV ₹56.84 ₹65.74 ₹73.41 59
Dividend Discount
Gordon GGM ₹8.78 ₹17.50 ₹26.50 70
DDM Multi-Stage ₹8.78 ₹15.12 ₹18.47 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 ₹47.82 ₹84.56 ₹145.78 80
Rev-Margin DCF ₹49.94 ₹90.14 ₹144.06 74
Economic Profit
Residual Income ₹33.77 ₹43.24 ₹112.79 76
ROIC Compounder ₹64.97 ₹88.28 ₹119.21 72
Growth Earnings
Growth-Adj P/E ₹74.49 ₹106.42 ₹138.34 68

Widest divergence: Growth Earnings (₹106.42) versus Dividend Discount (₹15.12). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹3.0B
Revenue growth (YoY) -42.7%
Net margin 8.4%
Return on equity 15.3%
Free cash flow ₹192M FY2026
P/E ratio 14.1
More key figures
Operating margin -1.8%
EPS (TTM) ₹5.02
Dividend yield 1.5%
EPS growth (YoY) +10.5%
Net debt ₹20.4M FY2026

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 65 · Market factors (momentum, volatility) 61

Profitability 73
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 68
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. Its products portfolio comprises pistons, gudgeon pins, pins and autoshafts, high-precision turned parts, control valve spools/plungers, and precision machined castings.

Full company description

Menon Pistons Limited manufactures and sells auto components in India. Its products portfolio comprises pistons, gudgeon pins, pins and autoshafts, high-precision turned parts, control valve spools/plungers, and precision machined castings. The company's products are used in diesel engines, cars, LCVs / HCVs, agricultural tractors, compressors, automotives, valve trains, defense, hydraulic and valve applications, as well as commercial and off highway. It also exports its products. The company 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 LTD. reported revenue of ₹3.0B in FY2026 versus ₹2.1B in FY2022, a compound +10.1%/yr. Reported net income was ₹256M in FY2026, compounding +8.0%/yr from FY2022.

Growth Quality 90/100
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.
+7.7%
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.
+17.7%
Avg. growth/yr (7Y) 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.
+10.0%
Revenue +10.1%/yr
FY22 ₹2.1B
FY23 ₹2.4B
FY24 ₹2.5B
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 LTD. Fair Value". https://www.fairvalue-calculator.com/stock/MENNPIS

Peer Group

Auto Parts · 641 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 63 · Top 25%
Fair Value upside +31% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -43% · Bottom 25%
Dividend yield (TTM) 1.4% · Below median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 14.1× · Cheaper than median
P/B 2.10× · Pricier than median
P/S (TTM) 1.23× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 7.9× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE75 · sector 17
FUTURE0 · sector 25
PAST61 · sector 28
HEALTH100 · sector 95
DIVIDEND28 · sector 31

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

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 21, 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 ₹169.58 ₹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 ₹4,018 ₹1,412 -65%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Balkrishna Industries Limited BALKRISIND ₹2,376 ₹1,237 -48%
Endurance Technologies Limited ENDURANCE ₹2,987 ₹1,384 -54%

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Frequently asked questions

Is MENON PISTONS LTD. (MENNPIS) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ₹92.87 versus a price of ₹70.73, about +31% (undervalued).
What is the fair value of MENNPIS?
Our model-based fair value for MENON PISTONS LTD. is ₹92.87 (as of Aug 21, 2026), built from audited fundamentals. The current price: ₹70.73.
What is the quality score of MENNPIS?
MENON PISTONS LTD. has a Quality Score of 63/100. 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 LTD. (MENNPIS)?
MENON PISTONS LTD. reported trailing-twelve-month revenue of about ₹3.0B (latest available figure, as of Aug 21, 2026).
What is the net profit margin of MENNPIS?
The net profit margin of MENON PISTONS LTD. is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.
Does MENON PISTONS LTD. pay a dividend?
MENON PISTONS LTD. currently shows a dividend yield of about 1.52% relative to its recent price (as of Aug 21, 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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